Stephen Rosenman's  Instablog

Stephen Rosenman
Send Message
Stephen Rosenman enjoys analyzing the financial health of companies and pointing out areas the market is either not recognizing or ignoring. A long time investor, I put my money where my mouth is. That's why I'm passionate about my positions. I trumpet companies I believe in and back my articles... More
My blog:
Stephen Rosenman
  • The Nasdaq Goes Golden 0 comments
    Sep 27, 2010 1:41 PM

      In July, pundits heralded the collapse of the market due to the dreaded "death cross", a pattern in which the 50 day crosses below the 200 day moving average. Since then, the S&P and NASDAQ are up 4%.  Today, the QQQQ 50 dma crossed back over the 200 dma in a "golden cross" formation, a bullish predictor of brighter days ahead. I'm going to call this new pattern, the "double cross", as I am sure the bears are feeling as they retreat back into their caves.

    Disclosure: none needed

Back To Stephen Rosenman's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.