S&P closes below 200 day MA....Not very sure what to make of this....Still worried about Fridays data and today's durable goods headline number was ugly for the economy, but a positive in regards to a possible June pause in rate hikes...
Well the selling came out strong again late in the afternoon yesterday, pushing us below very key resistance levels....
So the real question is when do we start putting on some long hold positions....I'm still waiting for a 15 point move in the S&P 500 followed by another green day....Until then it will be short term trading of momentum and still holding my defensive (Nursing home sector, Appliances and HMO's) plays....
good trading to you
$COSTAverageMAN