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While I don’t use moving averages , some people do consider them to be very important. The S&P 500 recently crossed the 20-day moving average. The index is now at 902.30, while the 20-day average is at 898.89. Since the low in March, the 20-day moving average has acted as a major area of support [...] General Motors, failed to save itself from bankruptcy after the deal to swap bonds for stocks fell through. The deal that was offered to bond holders on Wednesday would give out 10% of the company’s stocks in exchange for 27 billion dollars of bond debt. However, not enough bond holders came forward, instead choosing to [...] |
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I am not a financial adviser. Trade using your own research and at your own risk. Thank You. |
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