August 27, 2010

S&P 500 Analysis after closing bell



  • 1050 gave good support for S&P 500 on closing basis. That has been violated now. 
  • Price is trading below 200, 50 and 20 DMA.
  • 20 DMA is approaching the 50 DMA. So we can expect a big  move in either direction.
  • If the negative cross happens 20 DMA crossing 50 DMA that will be bad news for the bulls.
  • On the contrary this can also be a fast raise set too.
By at

2 comments:

  1. gauresh59August 27, 2010 at 8:24 AM

    Scripts to watch today : Bhel, Bhartiatl, DLF, ICICIBank, Infosys, Maruti, Reliance, RelInfra, Sterlite, Cairn, Sail.


    http://www.4shared.com/document/5idGqvNo/MySAR_A__Future_for_27th_Aug_.html

    ReplyDelete
  2. Dhiksuchi ConsultantsSeptember 1, 2010 at 11:05 AM

    Dear Sir,
    can u tell me which broking in india is best/affordable for to trade in dow,nasdaq etc

    ReplyDelete

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