Thursday, March 1, 2012

Up trend is still holding

It's been a while since my last post. The stock markets have been behaving pretty well the last 2 months. The SPY (S&P500) ETF has been moving up steadily since my Dec 2 post from $124.07 to $137.73 as of today (March 1)  for a 11% gain.

From the chart showed below, I still believe the general market is still trending up based on my observation of the relationship between EMA-20 and EMA-40 moving averages. As long as the EMA-20 stays above EMA-40, in my opinion that the trend still holds.