Monday, April 18, 2011

The S&P 500 Loses 1.10% and Slips Below the 50-Day Moving Average

Doug Short submits:

Note from dshort: Because we crossed the line today, a widely followed moving-average, I've included two versions of my routine update ? with and without moving averages.


The S&P 500 closed the day down 1.10%, but well off the intraday low of -1.89%. The index spent part of the day below the 1300 level and is now below its 50-day moving average. The S&P 500 is 92.9% above the March 9 2009 closing low, which puts it 16.6% below the nominal all-time high of October 2007.

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