Today’s positive trading indicated the 50 day moving average was not going to act as resistance for the NASDAQ, the 200 day moving average is not acting as resistance for the S&P 500. The current uptrend continues provided the indexes do not come back down through today’s open. Keep safety stops in place. The market is in an environment that can drastically change based upon international of events.
March 22nd Daily Market Comments
Today’s positive trading indicated the 50 day moving average was not going to act as resistance for the NASDAQ, the 200 day moving average is not acting as resistance for the S&P 500. The current uptrend continues provided the indexes do not come back down through today’s open. Keep safety stops in place. The market is in an environment that can drastically change based upon international of events.