Wednesday, June 13, 2007

S&P Holds Its 50 Day Average



Last week as well as today the S&P tested its 50 day moving average and it held. It seems like there are many buyers supporting the market at this average.

I am now profitable on my DIA long position. I am long the Dow based on my observation that the dow tends to rally during the 2nd week of the month. I will exit this trade on Friday's close..

Posted by Kevin

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