Moving Average Cross On S&P, Oil & Gold Fall

July 28th, 2009

After an initial scare this morning and another rally to resistance, the markets have shown pretty good selling pressure. On the intra-day chart below of the S&P you can see that the moving averages have crossed (BLUE) for the first time since this two week bull run began. Like I said earlier this morning 955 should be no problem at this point.

GOLD and OIL have both been tanking today as I thought they would. Remember last night I mentioned OIH reaching a strong resistance level? Well, it’s moved right away from it today falling more than 3%.

Comments are closed.

MEMBERSHIP
Only $4.99
Sign Up Today!

Want Updates Emailed Right To You? SIGN UP!

Grab This Feed *** Friend Me *** Follow Me

Today's Live Market Quotes & Charts

NASDAQ	2778.79	-34.90	-1.24%
S&P 500	1295.22	-9.64	-0.74%
^TNX	1.70	+0.00	+0.00%
^XAU	147.76	+0.07	+0.05%
^XOI	1102.97	-6.05	-0.55%
TLT	124.20	+0.03	+0.02%
BGZ	25.33	+0.61	+2.47%
ERY	13.31	+0.30	+2.31%
GLD	154.55	+1.75	+1.15%
EDZ	18.69	+0.48	+2.64%
EEV	33.69	+0.61	+1.84%
SDS	17.57	+0.26	+1.50%
FAZ	28.67	+0.93	+3.35%
XLF	13.77	-0.16	-1.15%
XLB	32.77	-0.13	-0.40%

05-18 17:30
***Make Money Trading Your Own Account***

Stop losing money with your broker! Start managing your own money and wealth! Earn Higher Returns Trading In Any Market Direction! Member's get inside access to all of my trades and strategies as a professional trader! Start Making More Money Trading From Home Today! Plus, you will automatically be enrolled in the Trader's Edge Weekly Newsletter!

The Bullz And Bearz Trading Archives

Day Trading – The Bullz And Bearz

Profitable Trading In Any Market – Stocks Options FOREX

Moving Average Cross On S&P, Oil & Gold Fall