Chart of the Week: S&P500 Index plus 200 Day MA

Thursday, May 20, 2004 | 12:48 PM

The S&P500 managed to bounce off its support line at the 200-day moving average several times over the past few days. Each bounce off of support weakens it, however, as the Bulls expend a lots of energy trying to stay above the green line.

S&P500 Index plus 200 Day MA (6 mos)spx_200_day
Source: Redwood Technimentals Research Group

The Rallies have had modest positive internal skews (up/down volume ratio and advance/decline ratio); How ever, we would be more encouraged if they were on heavier volume. Technimental’s Kevin Lane observes: “Volume equates to confidence and conviction and low totals suggest neither.”



Random Items:
A Compelling Case for Globalization
“Gold and Economic Freedom” by Alan Greenspan (1966)
Saved by Transports
Alan Greenspan Is No William McChesney Martin
How To Defeat Terrorism
The man who stayed too long




Quote of the Day:
"The soul is dyed the color of its thoughts. Think only on those things that are in line with your principles and can bear the light of day. The content of your character is your choice. Day by day, what you do is who you become."
-Heraclitus (535-475 BC)

Thursday, May 20, 2004 | 12:48 PM | Permalink | Comments (0) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83504a03a53ef

Listed below are links to weblogs that reference Chart of the Week: S&P500 Index plus 200 Day MA:

Comments

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner