Tuesday, June 23, 2009

Dow Industrials, Transports, S&P Close Below Key Moving Averages


Last week, we mentioned that technical indicators began to turn negative. Technical damage continued today as the Dow Jones Industrial Average, Dow Jones Transportation Average, and S&P 500 closed below their pivotal 50 and 200 day moving averages (first time since March), with all 3 averages registering an RSI sell signal. NASDAQ bucks the trend and remains above both critical levels. (more)

No comments:

Post a Comment