First we have a six month chart of the s&p 500. Note the break of the 50 day moving average. It looks like falling pricing will collide with a rising 200 day moving average, with support at 187 (range, not exact number) Watch that number for buy/sell information. Talk to YOUR financial adviser.
Next we have Exxon Mobil, one of the most important companies in the world. As this company trades, so trades the Dow Jones industrial average. Watch for 97 to hold. If it does not hold, the Dow Jones will roll over.
Last, we have McDonald's. This stock has suffered for a long stretch and sank to new multi-month lows on the trading session. Watch the 52-Week low of 92.25 for a line in the sand. IF the stock breaches 92, much lower pricing could be in the cards. (First 88 and then the multi-year low of 83)
A RAY HOLDEN STORY
Stephen Moran lives in Las Vegas with his beautiful wife, baby Kiana, and two dogs.