Tuesday, November 4, 2008

Today's Markets


The post break-out rally from the consolidation pattern continues. In addition, note the following:

-- Prices are above the 10 and 20 day SMA

-- The 10 day SMA is moving higher

-- The 20 day SMA is now neutral


The longer term SMAs are moving lower

-- The 50 and 200 day SMA are moving lower

-- The shorter SMAs are below the longer SMAs

Bottom line: it's a mixed signal market right now.