The DJ-30, SP-500, and QQQQ close in conjunction with their major moving averages.
June 21st, 2009 | Published in Handsome James | 1 Comment
This was something I was looking at today. I want to start posting the daily index closes in conjunction with their major moving averages. If a number is green it closed ablove that particular moving average and red if it closed below that moving average. I like to plot these moving averages because they work as really good support and resistance levels and kinda give you a picture numerically of how healthy that particular index is.
| DJ-30 | SP-500 | QQQQ | |||
| Close July 19, 2009 8539.73 | Close July 19, 2009 921.23 | Close July 19 2009 36.16 | |||
| Monthly 200 | 8681.75 | 1010.6 | 34.79 | ||
| Weekly 50 | 9084.33 | 969.61 | 34.78 | ||
| Weekly 20 | 7966.04 | 854.19 | 32.14 | ||
| 2 Day 20 | 8460.15 | 908.36 | 35.05 | ||
| Daily 20 | 8607.63 | 925.81 | 35.96 | ||
| Daily50 | 8372.73 | 897.9 | 34.58 | ||
| 60Min 50 | 8629.64 | 926.73 | 36.15 | ||
| 60Min 20 | 8546.28 | 917.67 | 35.99 |
We can see the QQQQ is stronger then the DJ-30 and Sp-500 with the DJ-30 being the weakest and breaking below more support. I think it important to know where these levels are for entry and exits on your trades. Also the weekend provide a great opportunity to look at the market as a whole from a longer time frame and zoom in.
I hope all the great dads out there had a blessed Father’s Day.
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