Monday, June 01, 2009

S&P 500 Breaks Above 200-Day Moving Average

The S&P 500 has broken above its 200-day moving average this morning for the first time in 524 calendar days (359 trading days). Below is a price chart of the S&P 500 as well as a chart of its 200-day moving average spread. If the index can close above its 200-day today, technicians will treat this as a positive for the market going forward.



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Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.