The 200 Day moving average is universally considered an important technical concept. When a stock is above its 200 day moving average, it is considered to be a bullish sign, and conversely, when a stock is trading below its 200 day moving average it is thought to be bearish. We are seeing many stocks challenging their respective 200 day moving averages as the stock market has been moving up steadily since its early March low. Will the 200 day moving average serve as resistance? Or will they be broken on the upside and create a catalyst for technicians to buy, thus continuing the rally? Many retailers have broken above their 200 day moving averages and seem to have been testing and holding. Many of the financials are running into the 200 day moving average. This development worth watching and should provide a key to the short and intermediate outlook for stocks. If stocks are breaking above the average, the move up will continue. If the 200 day moving average proves to be resistance, it is a signal to take profits.