Stock Market 101 April 11, 2008 10:06 PST
Dow, Nasdaq, and S&P indices close below their 10 and 50 day moving averages
April 11, 2008
10:00 p.m. PST
short term indicator: mixed
medium term indicator: negative
long term indicator: negative
All of the major stock exchanges lost support of their 10 day and 50 day moving averages. The VIX and VXN moved above their 200 day moving average. General Electric, GE, kicks off earnings season with a "air ball" but it is only the first Dow component and next week others will get a chance to provide a thrill like earnings releases on Tuesday, Washington Mutual, WM, and Johnson and Johnson, JNJ, and Wednesday, EBAY, JPMorgan and Wells Fargo.