Counting with Doug: Financing a trip to Lake Tahoe solely with blackjack winnings?

Levels to watch on the way down

In Market preview on 22 April 2010 with no comments

If the bears are going to warrant any respect, they need to take out, in order, these S & P 500 moving averages on a closing basis:

10-day: 1200
20-day: 1189
50-day: 1151

Watch how the S & P does at the close, and you’ll get a clue as to whether the bears have any teeth.

And by the way, I was just thinking we are getting pretty close to “sell in May . . . .” aren’t we?

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