Tag Archives: 200-day moving average

Textbook Bounce Off the 200-day Moving Average

Posted on June 16, 2011 by macromon

After gyrating much of the day, the S&P500 bounced off the the 200-day moving average (which also coincided with the December 2010 close)  just like a page out of a technical analysis textbook.   The bounce helped rescue Apple from some … Continue reading →

Posted in Apple, Black Swan Watch, Global Stock Performance | Tagged , , | 1 Comment

S&P500 Numerology

Posted on June 6, 2011 by macromon

U.S. equities continued their downtrend with the S&P500 closing off 1.08 percent on the day.   The chart below illustrates how the mid-day hard sell-off in Apple took the S&P500 with it (see here for Apple’s leadership role).   The market was … Continue reading →

Posted in Apple, Equities | Tagged , , , | 1 Comment