S&P 500 Stabilizing?

10/20/2008 9:24 am EST


Thomas Aspray

, Professional Trader & Analyst


The S&P 500 held above the recent lows at 850 and closed higher for the week. The short term weekly momentum is still declining but is at oversold levels. A higher close this week could turn it higher. Initial resistance at 1050 with more important above 1150.

Related Articles on STOCKS

Keyword Image
Enbridge: "Back to Boring"
6 hours ago

Boring is good when it comes to utility stocks. It implies steady revenues, rising dividends, and a ...