Saturday, March 31, 2007
Chart courtesy of stockcharts
Stocks finished mixed today with Dow Jones industrial up 2.64 to 12,351.39, Nasdaq composite rose about 0.2 percent and the S&P 500 down 1.50 to 1,421.03, while U.S. light crude oil for May delivery fell 16 cents to $65.87 a barrel in New York Mercantile Exchange. I'm neutral in the markets right now, but more bearish than Bullish, however looking at the chart above of Dow Jones it's seems to me that the 50 dma still a big resistance to break, also with MACD and CCI decreasing, so I'm more careful on the long side.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.