Joined Jan 27, 2008
6,999 Blog Posts

S&P 500 Cracks 20 Day Moving Average, Bears Rejoice in Ecstasy

As I do my morning scans, one can’t argue the amount of stocks to bet against as key moving averages are lost. If we look at the S&P 500 as the proxy, the bulls just lost one key support level, with 2350 being the next:


My bullish scans are coming in light this morning,¬†however I am close to picking up a few oil names on this dip. Also, stay tuned for our 9th annual March Madness tournament. Entries will begin later tonight, look for tonight’s¬†post.

If you enjoy the content at iBankCoin, please follow us on Twitter