U.S. Markets close in 3 hrs 17 mins

Initial Key to End the Week: SPX Above 50 Day Moving Average

David Wienke

SPX held above its 50 day moving average yesterday and this will be our initial key to end the week; a settle below turns negative targeting the 200 day avg

clip_image002

I still like Dec RUT as rolling front month contract as negative below 828 area short term

clip_image004

NDX broke back below its 200 day avg which has been very pivotal lately; would extend lower below its .382 retracement support

clip_image006

The NASDAQ Composite is holding above its 200 day avg giving a slightly mixed theme for now

clip_image008

ND volatility settled above its 200 day avg and will be initial key here with the .382 as pivotal s/t

clip_image010

VIX is below its 200 day avg and mixed

clip_image012

DIA versus QQQ may revisit its pivotal resistance area; would go with upside momentum above here

clip_image014