Posted in Currencies, Daily Comment, Stock Market on Mar 12th, 2008
Yes it’s true, the Morocaan Dirham is at the highest level ever against the U.S. Dollar, as is the Croatian Kuna, Estonian Kroon, Tonga Pa’anga. The Vientam Dong is at a new recent high, although not an all-time high. I’m sure it will be soon. The the size and scale of the U.S. economy, even [...]
Posted in Daily Comment, QQQQ on Mar 11th, 2008
Stock indexes gapped up on a new plan announced by the Fed to lend up to $200 billion in treasury securities to prop up lenders. The gap open quickly started to fade and it looked like it was going to be more of the same any buying activity attracting another wave of selling. The the financials [...]
Posted in Daily Comment, QQQQ on Mar 8th, 2008
I’m getting this post up a bit late. I had to turn off the computer after the close Friday to rest my eyes after the wild action of last week. I felt like the guy in the photo to the left. I lifted this off a site that normally deals with political news. It was [...]
Posted in Daily Comment, SPY on Mar 6th, 2008
Stock indexes fell back today, and in most indexes the drop was a new low on a closing basis. I was looking for somewhat of a bounce in the Nasdaq, and it started to rally a bit early in the session, but selling came in and all the indexes got clobbered, but for such a [...]
Posted in Daily Comment, QQQQ on Mar 5th, 2008
Stock indexes rallied a bit today in a very choppy session. Refer to the QQQQ chart from the post yesterday and you’ll notice the rejection tail left on the candle, indicating support is holding, at least for now. Momentum also turned up from the oversold area, although the advance/decline line continues to deteriorate. There isn’t [...]
