Posted in Baltic Dry Index, Gold, World Index on Nov 26th, 2007
As I’ve noted here before, the Baltic Dry Shipping Index is often a good barometer of world economic activity and stock market trends. Sometimes it leads, sometimes it lags. In the previous comment on this index I noted a possible double top formation. It looks like that has happened. You can clearly see on the [...]
Posted in Baltic Dry Index, Currencies, Gold, QQQQ, SPY on Nov 20th, 2007
The big news today was the resumption of the decline in the dollar. The EuroCurrency closed at a new high against the US Dollar. The Japanese Yen was also higher, but didn’t quite make a new high. The dollar looks like it is in a free-fall against the Swiss Franc. Not much change against the [...]
Posted in Baltic Dry Index, China, QQQQ, SPY on Nov 5th, 2007
I’m repeating the post from 11/5. There hasn’t been much new today to report except the oil bubble is a bit larger. Gold is up. Stock indexes up. Also, the server for this site was down for much of last night, so I’m just adding the photo of Gisele and the rest of the post [...]
Posted in Baltic Dry Index, QQQQ, SPY, Stock Market on Nov 1st, 2007
NEXT UPDATE MONDAY 11/05 - TAKING LONG WEEKEND
The stock market was lower today, as was gold and oil. Volume increased today on the sell-off. The chart on the left shows the broadening formation on the Nasdaq 100/QQQQ in the upper graph. Yesterday on the Fed rate cut prices were able to penetrate the upper resistance [...]
Posted in Baltic Dry Index, Commodities, QQQQ on Oct 30th, 2007
Stock indexes closed mostly lower today, on fairly light volume ahead of the Fed rate cut decision on Wednesday. The Nasdaq was the only strong index, with the QQQQ actually closing up a few pennies. The Qs are testing the upper end of that wedge I had on the chart yesterday. Rather than repeat that [...]
