A Snapshot of the Market for the Week Ended September 24, 2021:
The S&P 500 ended the week mostly unchanged, registering a slight gain of 22 points or 0.5%, but managing to climb back above their 50-day moving average (DMA) to 4455–up 3.0% from their nadir and down 1.5% from their peak. History shows that the 50-DMA can provide excellent support for the stock market, especially over the last few years.
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By Hubert Marleau
By Hubert Marleau