
STOCK MARKET DODGES JOBS REPORT BULLET, CRYPTO RESERVE DETAILS DISAPPOINT, GERMANY MAY GO NUCLEAR
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Jobs Report Bullet Dodged
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that the stock market is at the 200 day moving average. Here are the key points:
- The 200 day moving average is very powerful, and all investors should pay attention to it.
- The reason the 200 day moving average is so powerful is because legions of investors believe in it and act on it, and the media publicizes it.