Friday, January 22, 2010

S&P 500 Now At Oversold Levels

It took all of three days for the S&P 500 to move from 2 standard deviations above its 50-day moving average to 1 standard deviation below its 50-day moving average. Will the Massachusetts election day not only mark a major turning point in Washington, but also a major turning point for the market?

Spx122

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