These are my thoughts and opinions on many topics. My passions are the stock market and helping abandoned and orphaned animals. In this world, it seems most things don't make much sense to me anymore. This is my feeble attempt to share all of the above. The blogs will include items that might make you shake my head as well as give you my take on why they happen. Enjoy.

Wednesday, June 3, 2009

S+P Looking Good

I still like this chart, the S+P is over the 200 day EMA and the 50 and 200 day EMA appear to be converging.

The market appears to be technically overbought, I will be buying on the way down. If we stay near the 200 day EMA or if we remain above it, I believe we are off to 1150-1250 or so in the S+P this year.

Chart courtesy of www.stockcharts.com.
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