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Wednesday, September 21, 2011

Posted, by btdmarketsummary on September 28th, 2011

Stock sold off hard with major indexes down at least 2% each.
SP 500 support/resistance moved down from 1,199 to 1,165 and 1,204 to 1,173.
Nasdaq Composite support moved lower from 2,580 to 2,531 (21 day moving average)-resistance moved lower from 2,598 to 2,549.
SP 500 is once again below its moving averages (21, 50, 200).
Nasdaq Composite above 21 but below 50 and 200 day moving averages.
The stock market direction is NEUTRAL based on my watch list of stocks and has been active 1 trading session.

http://btdmarketsummary.blogspot.com/

Authored by, btdmarketsummary
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