Posted in Currencies, Daily Comment, Gold, Stock Market on Oct 21st, 2009
The US Dollar has been on a persistent downtrend this year and is fast approaching the 2008 lows. I was going to post of chart of the Dollar Index. You can probably get a better picture by standing on your roof, taking all the currency out of your wallet, and tossing it into the air [...]
Posted in Currencies, Daily Comment, SPY, Stock Market on Dec 18th, 2008
I haven’t posted on this blog for several days. There has been much news, but volume is declining going into the end of the year, and in my experience any technical signal generated at this time of year can get quickly reversed, especially in this record volatility environment. So I mostly just watch the markets [...]
Posted in Baltic Dry Index, Currencies on Aug 16th, 2008
It was generally a slightly higher day on Friday in the stock indexes, on light volume on the option expiration day. I had suggested that the indexes might come back into the area of the moving averages, and the S&P etf did just that, with the bar on Thursday just touching the blue moving average [...]
Posted in Currencies, Daily Comment, SPY on May 12th, 2008
My last few updates suggested a retest of the moving averages. Last Friday the S&P, as can be seen in the SPY eft chart on the left, the index fell right to the lower moving average line (the darker blue line) almost to the tick. Today (Monday) the low of the day held right on [...]
Posted in Currencies, Daily Comment, QQQQ, SPY on Apr 27th, 2008
The weekend seems to get away from me, and for some reason I seem to find any excuse to not spend much time on my computer. I updated my commitment of trader files and since have tried to think of other things. But it is Sunday evening and I must try to get some perspective [...]