End Of Day Stock Market Update - John Rothe | Portfolio Manager, Quant, Tech Geek, And Sometime Superhero To My Kids

End Of Day Stock Market Update

4:30PM Update: Looks like the S&P500 couldn’t close above the 50 day moving average. The markets sold off the final 30 minutes of the day. We’ll have to see what happens tomorrow…

 

Quick update as the market nears closing:

The S&P 500 is touching the 50 day moving average (DMA). If the market can close above this line, it will be a bullish indicator. Typically short term traders like to buy when the market is trading between the 50 DMA and the 200 DMA (using the 200 DMA as an exit point).

 

 

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