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re: S & P 500 Index support levels
Posted on 6/4/12 at 8:33 am to CharleyLake
Posted on 6/4/12 at 8:33 am to CharleyLake
I'm not a big timing/technical guy, but I'm not confident at putting new money to work just yet...
But I'll give you a little technical info:
The S&P is below its 200 day moving average at 1284, but not by much. That is technically a bearish signal. If you wanted to put money to work on a technical basis, wait till we get a close above the 200 day moving average. Markets are beginning to get into oversold terrioritory, so I think any bounce we get is a technical based bounce and not on fundamentals.
But I'll give you a little technical info:
The S&P is below its 200 day moving average at 1284, but not by much. That is technically a bearish signal. If you wanted to put money to work on a technical basis, wait till we get a close above the 200 day moving average. Markets are beginning to get into oversold terrioritory, so I think any bounce we get is a technical based bounce and not on fundamentals.
1
Posted on 6/4/12 at 2:10 pm to greenhead11
Thanks for the technical info. I will learn more.
With what seems to be quite a bit buying/selling with monthly job figures, and global tensions lately I am seeking to take advantage of the wild swings ahead in the market. I have been moving in and out of my company stock (PPG) with quite a bit of success for about three years. I keep about 50% of the account in the S & P index Fund in the 401K Plan. There is no fund transfer fees associated with this plan.
With what seems to be quite a bit buying/selling with monthly job figures, and global tensions lately I am seeking to take advantage of the wild swings ahead in the market. I have been moving in and out of my company stock (PPG) with quite a bit of success for about three years. I keep about 50% of the account in the S & P index Fund in the 401K Plan. There is no fund transfer fees associated with this plan.
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