Chart In Focus: Indices Testing 20dMAs Again
Wednesday, September 30, 2009 at 10:54AM | Asher Pinto 
Dow Industrials, S&P-500, Nasdaq-100 Indices Daily ChartsThe 20-day Moving Averages have been a strong ally of the bulls, since the markets hit a bottom in March.
On more than a handful of occasions, during the 60%+ rally that we've seen from the lows on each of the indices, there has been a small correction that has taken the index to its 20dMA or just below, before the next blast of buying power has come in.
As with all things good, there will come a time when this trend will end.
For the past 7 months (aside from a period of 2-3 weeks in late-June/early-July), the 20dMAs have been on the side of the bulls; however, conventional moving average theory suggests that when an underlying stock or index is trading on a given side of its 20dMA, the near-term trend should be...
Dow Industrials, Index Chart, Nasdaq-100, S&P-500 
Nasdaq-100 Opens Gap
The markets opened with big gains today, following a big news event over the weekend. The chart of the Nasdaq-100 shows a pretty big gap. It's somewhat rare for gaps of this size to be left unfilled for more than a few days (or at the most, weeks). Will this time be an exception? Or are traders who're looking to fade this gap going to win out in the end?
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