Technical Analysis
S&P 500 trend intact. But watch out for trend changes
By Investment Moats  •  May 8, 2011


Trading with the trend is a very big part of my strategy so its always wise to take a look at how the weekly charts are.

S&P 500 trend intact. But watch out for trend changes spy%20weekly.

Prices have corrected last week giving back the gains from the week before. Our reverse head and shoulders are still valid, support is at 134 on the SPY and 130 next for the SPY.

I still favor a market where the trend is up. As such I will hold on to majority of my stocks.

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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