The S&P 500 is poised to sink another 16-points as the
200-day moving average (near 2,560) attracts once again, which is where it found support on February 9.
TEST OF
200-DAY MOVING AVERAGE: In the most recent bull market's pullback, the
200-day moving average of the S&P - currently at 2,539 - has been tested, said Brad McMillan, chief investment officer of Commonwealth Financial Network in Waltham, Massachusetts.
Should gold continue to trade lower, the next target will be the
200-day moving average and key psychological level around$1,250.
Breaking below the
200-day Moving Average also attracted bears to drag prices lower, with immediate support now seen at $1,213.
Prices also closed above the metal's
200-day moving average of $1,260.
In case of a sustained rally scenario, Limlingan sees the PSEi's maximum upside at the
200-day moving average of 7,404.
If the
200-day moving average is broken, we expect to see more speculative flows coming into crude oil," said Olivier Jakob, analyst at Petromatrix.
Each stock ticker symbol page consists of the current trading price which can be refreshed in real time, the latest company news headlines for each ticker symbol, key statistics including 52 Week High, 52 Week Low, Average Volume, 50-Day Moving Average,
200-Day Moving Average, Shares Outstanding, Total Cash, Short % of Float, and Gross Profit for each stock ticker.
The S&P 500 just hit a two-month high after holding support at its
200-day moving average.
The Sensex is struggling to stay above its
200-day moving average, signaling weakness.
Selling accelerated as the metal broke through psychological support at $1,300 an ounce, traders said, and its
200-day moving average at $1,296 an ounce.
Today, the MICEX index will be near the level of 1400 points yesterday after breaking through the
200-day moving average, which opened the way for him to 1,380 points.
