Wednesday, April 13, 2011


Yet another day in April where the entire move up was in the premarket and the regular session was either flat or negative.  This bounce has been a complete failure at this moments as all 6 points gained in the premarket... and then some, have faded away.  I continue to keep an eye on S&P 1307 as last support; the 50 day exponential moving average.

The 50 day simple moving average of 1315 has been broken 2 days in a row now.

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