Posted in Baltic Dry Index, SPY, Daily Comment on Apr 4th, 2008
Stock indexes closed about where they opened today after a disappointing employment report. The bulls can argue that the market could have reacted to the negative news sharply on the downside, and the fact that the indexes were able to at least rally for part of the session and close without a big loss was […]
Posted in Baltic Dry Index, QQQQ, Daily Comment on Feb 21st, 2008
Stock indexes flipped back over to the downside today. Most indexes are flipping back and forth daily, and winding into a tighter pattern coiling up like a spring. Yesterday I had the S&P etf showing a sideways line and triangle with prices heading into the apex. Today I show the same thing with the Nasdaq […]
Posted in Baltic Dry Index, Daily Comment on Feb 11th, 2008
Stock indexes were higher today. It was a small rally, but there was evidence that a rally would come in today, as mentioned in the comment of Friday. You can see the green buy dot on the chart of the QQQQ post last Friday, and today the market rallied right up to the declining moving […]
Posted in Baltic Dry Index, Gold, QQQQ on Jan 24th, 2008
The Baltic Dry Freight Shipping index was down again today. So far it has made an almost complete retracement of the upmove from mid-June of last year. The double top, momentum divergences, and break of parabolic stops were noted at the time. I must admit I was thinking this was a bubble most of the […]
Posted in Baltic Dry Index, SPY on Jan 16th, 2008
Stock indexes sold off on the open today, then rallied into positive territory, then sold off again to close a little lower than the open, but off the lows. The Nasdaq futures closed right about where they opened, leaving a candle that appears as indecision. Momentum is down in all the indexes, as are the […]
