The S&P 500 market just went onto a "buy" signal following the 100 & 200 day simple moving averages. The 100 day moving average (shown in purple on the chart) crossed up above the 200 day moving average (show in blue on the chart). You can see that this happened on 7/23/09.
I put up the SPY chart for you. This would be a good choice for trading this crossover. Simply buy shares of the SPY and hold onto them until you either get a desired percentage return on your investment, or until the 100 day moving average crosses back down below the 200 day.
I bought my SPY shares on 7/29/09.
***Note: I'm not a licensed stock broker or anything of the like. All trading involves risk, and you are solely responsible for your own trading.
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