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Market Recap 23rd Nov 2007 – S&P 500
Trading volume was predictably anemic today, as investors ostensibly flocked to their retailer of choice to load up on Black Friday savings. However, that’s not to suggest there wasn’t some bargain-hunting happening on Wall Street today, too, in the wake of Wednesday’s stomach-churning Dow plunge.
The S&P 500 Index (SPX – 1,440.7) also attracted some buyers, and tacked on nearly 24 points as it blazed its own path up the charts. The SPX is perched above support from its 20-month moving average.
S&P 500 (SPX – 1,440.7) – support at 1,400; resistance at 1,510
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