Stocks lower, Malaysian Ringgit at multi-year high against US Dollar

Stock indexes rolled over a bit today. The chart to the left is the S&P etf with the longer term standard error band trend indicator over the prices. You can see the downtrend in effect with prices coming right up to the declining mid-point line in the last couple of days. Prices tested the pivot…

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Stocks and commodities higher, dollar lower

Stock indexes had some nice follow-through today. Volume picked up slightly, momentum stayed northbound, and downtrend indicators narrowing a little more. It looks like the pivot pointed out yesterday is to be tested. There isn’t much new to show on the charts. The US Dollar is testing the lows from last year. As expected gold…

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Stock higher

Stock indexes were higher for most of the session, but got a good boost late in the session, once again, when news crosses the wires regarding credit ratings for MBIA and Ambac, apparently stalling downgrades for now. That news was enough to push the S&P index above a downtrend line (yellow line on chart). The…

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