Wednesday, January 11, 2012

@AmerInvest, Stocks a Bit Lower on Euro, Chart

Stocks are a bit lower this morning on worries about the Euro

All American Investor

Everything looks good right now. I remain worried about the slope of the 200 day average (green line) as it has not yet turned up. The slope of the 40 day average (red line) is up and should provide good support.

A close under 1280 today, with follow through to the downside tomorrow would be a concern. However, at this point, two days down could be the best thing that could happen.

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Original content Bob DeMarco, All American Investor