Monday, January 22, 2007

Market Summary



Just a quick look at what the major indices did today. At the very top we have QQQQ which closed below it's 50 day moving average today.

Next we have the small cap stocks which also closed below their 50 day moving average.

The S&P and the Dow Jones are the strongest of the 4 major indices and are trading above their 50 day average.

Posted by Kevin

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1 comment:

Admin said...

IWM-What was resistance now looks like support at 76.19 area and bounced off that area on the heaviest volume day this year 62M. This is what I'm watching as my vehicle for short.

http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=3&mn=0&dy=0&id=p24728263262&a=80208553

7:56 PM

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