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Wednesday, May 04, 2005 4:19:06 PM
***Broader markets and moving averages...
S&P 500 bounced off of its 200 day SMA yesterday into the close and now looks to find resistance at the 50 day SMA...
The Dow opened on its 20 day SMA today and closed 8 points above its 200 day SMA, the 50 day SMA under 10,500 may now offer resistnace...
The Nasdaq closed at 1962.23 today, while the 200 day SMA is at 1991.01 and the 50 day SMA is at 1996.02, both sitting below the psychological 2000 level with the 50 day in a position to overtake the 200 day to the downside should this rally show no follow-through through resistance...
S&P 500 bounced off of its 200 day SMA yesterday into the close and now looks to find resistance at the 50 day SMA...
The Dow opened on its 20 day SMA today and closed 8 points above its 200 day SMA, the 50 day SMA under 10,500 may now offer resistnace...
The Nasdaq closed at 1962.23 today, while the 200 day SMA is at 1991.01 and the 50 day SMA is at 1996.02, both sitting below the psychological 2000 level with the 50 day in a position to overtake the 200 day to the downside should this rally show no follow-through through resistance...
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