Monday, March 1, 2010

"S&P 500 Back Above 50-DMA"

From Bespoke Investment Group:

After struggling to break above resistance at its 50-day moving average over the past few days, the S&P 500 once again finds itself above this level intraday. If the index can close above its 50-day and its highs from last week, a lot of technical investors will be looking to get back into this market.