The Average Investor's Blog

A software developer view on the markets

Index Levels to Watch for Friday and for July

Posted by The Average Investor on Jul 29, 2011

This Friday is the last trading day not only for the week, but also for the month of July. With the significant pullback lately, S&P 500 has come even closer to its 10-month EMA. The level for this month end to watch is 1275.61. A close below this value would mean that the index is below this MA. It looks like the S&P 500 is likely to keep above this long term MA for another month.

Using the 20-week EMA, the levels and the situation are different:

Asset Symbol Thursday’s Close EMA
US REIT VNQ $61.03 $59.89
S&P 500 ^GSPC $1300.67 $1311.20
Nasdaq 100 ^NDX $2371.77 $2320.08
Emerging Markets EEM $46.91 $47.25

It looks like the S&P 500 is heading to close below the 20-week MA, let’s see.

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