S&P Chart Looking and Hoping for Support

When we noted the 50-day moving average it seemed a bit far off under the price at the time. After Friday's selling it is upon us. The SPY has a current 50-day moving average of $143.08 today and the low back on October 10 was $143.09. Watch these levels closely.

The Erlanger Value Lines can be accessed via

OCTOBER 22, 2012

Read Full Story

Markets

NASDAQ 6,623.66 -0.35 -0.01%
S&P 500 2,559.36 1.72 0.07%
DJIA 22,997.44 40.48 0.18%
NIKKEI 225 21,336.12 80.56 0.38%
HANG SENG 28,697.49 4.69 0.02%
DAX 12,995.06 -8.64 -0.07%
USD (per EUR) 1.18 0.00 -0.23%
USD (per CHF) 0.98 0.00 0.33%
JPY (per USD) 112.18 -0.01 -0.01%
GBP (per USD) 1.32 -0.01 -0.46%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.