Saturday, April 30, 2011

Short Notes: 50 Day Moving Average

Market rallied hard last week, finishing up up nearly 2%.  One note of caution {I'll have a few more in a chart I'm publishing on Monday} is that according to Bespoke Investment Group there are only 10 ETFs below their 50 day moving averages.  I'm assuming they are not including inverse ETFs {those that advance when markets decline} in this analysis.

Link:  Bespoke: 50 Day Moving Average.

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