Indecision 2008
18th May 2008
No, I’m not talking about the Presidential Election, that’s a topic for a different conversation, just the US stock markets. We are still sitting at the 200 day MA for the DJIA and the S&P 500. A move above this level that holds for more than a day might just be enough to remove the air of caution around here. With options expiration out of the way for this month, the market is free to move in its preferred direction. We will soon see what that turns out to be.
JD