CHART OF THE DAY: STOCKS PIERCE THE 200-DAY MOVING AVERAGE - A few astute commenters have pointed out that, as the chart clearly shows, the S 500 did briefly cross below the 200-day moving average in early June before rocketing higher. Thus, the real signal for technical analysts is the confirmation of the trend – in other words, when stocks move back up to the moving average, will they cross through to the upside, or do they bounce back to the downside?
