How to Play With Moving Averages
On Monday I promised to discuss the 50- and 200-day moving average lines this week. Since the Dow Jones Transportation Average came all the way down to its 200-day line today and managed to bounce, I'll tackle the subject today.
To put this in perspective, the 200-day moving average of the S&P 500 sits around 1310 now, so that was quite an intraday spill for the transports. You can see that, on the transports index, the 50- and 200-day lines are getting rather close. At this stage they are about 50 points apart....415 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.