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Saturday, March 31, 2007 

Dowjones - The wall 50 dma

Chart courtesy of stockcharts

Stocks finished mixed today with Dow Jones industrial up 2.64 to 12,351.39, Nasdaq composite rose about 0.2 percent and the S&P 500 down 1.50 to 1,421.03, while U.S. light crude oil for May delivery fell 16 cents to $65.87 a barrel in New York Mercantile Exchange. I'm neutral in the markets right now, but more bearish than Bullish, however looking at the chart above of Dow Jones it's seems to me that the 50 dma still a big resistance to break, also with MACD and CCI decreasing, so I'm more careful on the long side.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All for now!!!!



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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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