Posts Tagged ‘50 day moving average’

• S&P 500 Analysis & Levels for 2/19/10
  alphatrends, February 18th, 2010 at 6:55 pm

  On Thursday, the SPY continued higher up beyond the 110.50 level which had been prior resistance and closed right near the declining 50 day moving average (green average on right).  The recent rally also brought the SPY up to the 61.8% retracement of the 2010 high to the low of the year.  After the close, the Fed shook the markets up with a change in the discount rate and at last check, the SPY  was trading at 110.16.  The best potential levels for near term support are now found near 109.75 and then near 109.00.  Friday is options expiration day and that would have been a reason for heightened risk management, now we have a gap lower to deal with which will make an even more cautious approach more prudent.

  

• S&P 500 Analysis & Levels for 2/19/10
  alphatrends, February 18th, 2010 at 6:55 pm

  On Thursday, the SPY continued higher up beyond the 110.50 level which had been prior resistance and closed right near the declining 50 day moving average (green average on right).  The recent rally also brought the SPY up to the 61.8% retracement of the 2010 high to the low of the year.  After the close, the Fed shook the markets up with a change in the discount rate and at last check, the SPY  was trading at 110.16.  The best potential levels for near term support are now found near 109.75 and then near 109.00.  Friday is options expiration day and that would have been a reason for heightened risk management, now we have a gap lower to deal with which will make an even more cautious approach more prudent.

  

• S&P 500 Levels for Feb 18, 2010
  alphatrends, February 17th, 2010 at 9:48 pm

  After finding support at the rising 5 day moving average on Friday’s gap lower, the SPY has followed through nicely on the upside.  We now find the SPY at the most recent significant level of intermediate term resistance near 110.50.  These two timeframes (65 min on left and daily on right) show there to be three significant areas of interest (potential resistance) just above us: the December 31 low, the declining 50 DMA and the 61.8% retracement of the 2010 high to low range.  With these three levels just ahead and the declining volume of the last couple of days, extra care should be taken to protect long side gains and to raise defensive levels in general.

  

• S&P 500 Levels for Feb 18, 2010
  alphatrends, February 17th, 2010 at 9:48 pm

  After finding support at the rising 5 day moving average on Friday’s gap lower, the SPY has followed through nicely on the upside.  We now find the SPY at the most recent significant level of intermediate term resistance near 110.50.  These two timeframes (65 min on left and daily on right) show there to be three significant areas of interest (potential resistance) just above us: the December 31 low, the declining 50 DMA and the 61.8% retracement of the 2010 high to low range.  With these three levels just ahead and the declining volume of the last couple of days, extra care should be taken to protect long side gains and to raise defensive levels in general.