All the markets moved lower today. It was another choppy day in the stock indexes, as most rally attempts were met with renewed selling. A fairly strong rally in the final twenty minutes lifted the averages off their lows, especially in the Nasdaq 100. Trends remain strongly down, although short term momentum is still trying [...]
Market Mood
Archive for the 'China' Category
Stocks were lower again today. The Dow and S&P were up for most of the session today, while the Nasdaq struggled, but near the end of the session the rally attempts faded and stocks closes lower once again. The move lower was led by bubbles continuing to pop in the high flying momentum names such [...]
NOTE: I’ll keep the post from yesterday up another day, as I have nothing new to say. I have one new chart to post at the end of the blog. For some time I’ve been warning of bubbles popping, and more popped today. But I need to take a long break after this turbulent [...]
Stocks down, Gold up
Posted in China, Currencies, SPY on Nov 7th, 2007
The chart to the left is the S&P 500 SPY etf. After that last low and subsequent rally, I suggested that if that low were taken out the market structure would have changed and the trend could be considered to be down. Today that low was taken out, as can be seen by the break [...]
Supermodel Gisele won’t be paid in US Dollars
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 [...]