Thursday, December 11, 2008

Today's Markets


The overall tone of the market remains negative. The general SMA situation is negative. The 200 and 50 day SMA are moving lower. The 20 is moving sideways. The 10 day SMA is rising, but prices retreated from the 50 day SMA. Should prices move below the 10 day SMA they will bring the 10 day SMA lower.

Although prices were fluctuating just below the 50 day SMA, they did so on decreasing volume indicating decreasing buying interest.