Thursday, June 25, 2009

NASDAQ- Support Holds



Stocks moved higher today with the NDX, S&P and Dow all up about 2% from yesterday's close. As you can see buyers have entered the market at the NASDAQ's 50 day moving average. As long as stocks continue to make higher highs and higher lows we have to assume that the trend is up. A move below this week's low will turn the trend from up to down.

1 comment:

Trading Stock Market said...

You were right - the market is up. The question is: will the indexes advance further towards June 9 highs? will they break them? DJI and SP 500 spend a month at those levels in December 2008...

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