Posted in Commodities, SPY, Daily Comment on Apr 16th, 2008
The chart to the right is a weekly continuation chart of Rough Rice on the CBT. I don’t trade this market, but it’s just another example of the runaway, parabolic price moves many commodities are experiencing. There are some fundamentals causing part of this price move, but I have to think, like so many commodities, […]
Posted in Commodities, Dow ETF, Daily Comment on Feb 29th, 2008
Stock index gapped lower today and extended the downtrend for much of the session. The chart to the left of the Dow Industrials is very similar to the S&P chart on the post yesterday. The cash Dow went right up to the declining long term trend channels. I should point out that this channel is […]
Posted in Commodities, SPY, Daily Comment on Feb 28th, 2008
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 […]
Posted in Commodities, Baltic Dry Index, 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 […]
