The Average Investor's Blog

A software developer view on the markets

The Weekly Update

Posted by The Average Investor on Oct 24, 2011

Although the mood seems to have changed, there were no major changes in the markets over the last week – the S&P 500 is the only index above its 20-week moving average.

However, as mentioned earlier, I am moving away from using exponential moving averages. For the time being I am planning to stick with simple moving average, and it was on Friday when the S&P 500 closed above its 20-week SMA (it did close above its 20-week EMA a week earlier). Thus, I will track this position using the SMA crossover.

There are a few changes coming, so stay tuned. In general, I am planning to keep track only of the S&P 500, but to extend the coverage using a few indicators on daily basis. Most of them, but not all, being moving averages. If you have any comments or suggestions – let me know.

Happy trading!

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