an tSionna {09.21.11}

This from Bespoke Investment Group:  "Charts like the one {above} are never the type of pattern that bulls want to see. After rallying early on in the day on Tuesday, the S&P 500 peaked just below its 50-day moving average and finished at the lows of the day. Downtrends in the market are often characterized by rallies that fail at or near key moving averages like the 50-day, so bulls are hoping that today's pullback is not the start of a longer term trend."

Link:  Stymied by the 50 day.

*Long ETFs related to the S&P 500 in client and personal accounts.