The S&P, the Dow Industrials, the Nazdaq, and the Russell 2000 averages have all broken through their 20 and 50 day moving averages. These are the averages on the Daily charts. This is a good sign for the Bears who trade for the intermediate term. The best strategy is to remain in cash or to be short the equities. The trend is down at the moment.
No comments:
Post a Comment