Stock Market Overview - December 5, 2007
Market has been shaky for the last few months, but overall the market still looks healthy. The technicals look good, as seen in the chart below.
- RSI indicator sloping up and crossing the 50 mark is bullish.
- MACD crossover indicates a change in trend from the downswing, which is bullish.
- Price is currently testing the 200-day moving average and could move up significantly on a crossover.
Best of luck in your holiday trading!