Looking at index moving averages
I was looking at some charts the other day and figured I had better post them. I run the basic equity indexes on a six month charts with three moving averages: 20, 50 and the 200 day. The shorter averages slopes are 0 or negative and the 20 is approaching the 50. Neither of these developments are good signals for being long equities.
SP 500
EFA
QQQQ
Russell 2000
Emerging Markets
In my opinion, we are going to test the 200 day moving average at a minimum. If President Obama makes a significant pivot to the middle like President Clinton it will only be a test of the 200 day moving average. If his administration stays the course, we could have only hoped for a test, because it will be much worse.
SP 500
EFA
QQQQ
Russell 2000
Emerging Markets
In my opinion, we are going to test the 200 day moving average at a minimum. If President Obama makes a significant pivot to the middle like President Clinton it will only be a test of the 200 day moving average. If his administration stays the course, we could have only hoped for a test, because it will be much worse.
Posted by Bradley Fluetsch at 1/31/2010 7:02 AM 
Categories: Speculation
Tags: crossing profit 200 stock Obama equity index moving President day prediction average sell
Categories: Speculation
Tags: crossing profit 200 stock Obama equity index moving President day prediction average sell
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