In the week ahead the U.S. equity market, broadly represented by the S&P 500 index, will be looking for direction as the level reaches its 200 day moving average (MA), which had served as firm support before dropping below that level on May 22, 2010 for the first time since mid July 2009. By our analysis, markets are now undergoing a sentiment shift, in turn morphing the 200 day MA into a resistance; twice tested but not yet broken since crossing below on May 22.
Posts Tagged ‘ Producer Price Index ’
The last five days before the shortened Christmas week may bring tidings of inflation, Bernanke rhetoric, and volatile Friday trading as investors unwrap both producer price (PPI) and consumer price indexes (CPI), foreshadowing Bernanke language, and a "quad witching" day on friday. We will get a taste testing of government debt as the 4 week, 3