Dear Members: Market Update We're seeing today that the 200 day moving average is an important level with all of the major indexes now substantially lower as the month of May comes to an end. Traders looking at charts see what happened the last time…
Dear Members: Market Update What needed to happen yesterday when the market was getting clobbered? The bulls needed to hold the line at the 200 day moving average on both the NASDAQ and S&P. The 200 day on the S&P is currently at 2775. It dipped…
Dear Members: Market Update If you tend to the bullish side you are always looking for opportune times to enter positions and where reward to risk is to the upside. Today will be a great test to see if the bulls are paying attention with all of the…