Bouncing at the Fifty

2016-05-12T12:49:06-04:00May 12, 2016|

The bears really have to pay close attention to the 50-day moving average. Until last Friday this MA had been irrelevant to the market, paying little to no attention to it.  But last Friday it bounced hard after dipping below it intraday, and then went on to rally three straight [...]

Today’s Trading Plan: Bouncing at the Fifites

2016-05-09T06:43:40-04:00May 9, 2016|

Technical Outlook: SPX experienced a hard reversal on Friday where price found buyers at and around the 50-day moving average and ultimately ended up resulting in an 18 point reversal off the lows of the day.  Despite all the days of selling that was to be had last week, SPX [...]

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