Nasdaq chart pattern

Pullback to the 50-day moving averages likely

deronwagner — Tue, 21 Apr 2009 08:05:09 -0400

Not surprisingly, resistance of the S&P 500's February highs triggered a broad-based sell-off yesterday, causing the major indices to register their largest losses in weeks. read more »

How far would a pullback take stocks?

deronwagner — Fri, 20 Mar 2009 08:24:08 -0400

As anticipated, the S&P 500's touch of its 50-day moving average in the previous session gave the broad market a convenient reason to pause yesterday, but the moderate losses occurred on lighte read more »

50-day MA is the perfect excuse for a rest...or is it?

deronwagner — Thu, 19 Mar 2009 07:42:36 -0400

Stocks logged their sixth day of gains within the past seven sessions yesterday, as market participants reacted favorably to the Fed announcement they would begin buying long-term treasury bonds. read more »