Monday, August 29, 2011

First Break Over 20 Day Moving Average in a Month... And a Return to Highs of 2 Weeks Ago on the S&P 500

With today's gap up and run, the S&P 500 is now over the 20 day moving average for the first time in just over a month.  It is also right at those highs from 2 weeks ago.  Thus far the Bernanke is sipping some wine and saying 'I love it when a plan comes together'.

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