The Average Investor's Blog

A software developer view on the markets

Friday’s Game Plan (Moving Averages)

Posted by The Average Investor on Jun 3, 2011

After few weeks of declines, combined with the ugly unemployment news that came out today, there is a good chance that a few of the indexes I follow will penetrate their 20-week MA on the downside today. Here are the number to watch – a close below the EMA number means closing the long position:

Asset Symbol Thursday’s Close EMA
US REIT VNQ $60.44 $58.61
S&P 500 ^GSPC $1312.94 $1309.98
Nasdaq 100 ^NDX $2326.70 $2313.89
Emerging Markets EEM $48.11 $47.48

In fact, looking at the early trading it is likely that all the indexes will signal closing the positions at the close today.

As always, do your own DD and investment decisions and happy trading!


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