Posted in Currencies, Daily Comment on Feb 27th, 2008
Not much to say about stock indexes. The S&P and Nasdaq had up candles but closes were mixed. The S&P advance/decline line improved a bit, and the trend indicator has now come together and if the market doesn’t fall apart in the next day or so the trend could turn positive according to the trend […]
Posted in Baltic Dry Index, Currencies, SPY, Gold, QQQQ on Jan 2nd, 2008
The gold market made big news today with prices finally taking out the all time high set 28 years ago. For those unlucky enough to have bought at the peak in 1980 and held on all these years until breaking even, today was a good day. Of course the destruction of the dollar would mean […]
Posted in Baltic Dry Index, Currencies, SPY, Gold on Dec 14th, 2007
The US Dollar continued higher today with a very wide range bar. The move really started accelerating in the middle of the night in the US session, and extended the gains throughout the day. You can see how prices started to trade past the trend lines a couple weeks ago while those lines were still […]
Posted in Currencies, QQQQ on Dec 5th, 2007
Stock indexes were up sharply today, with gains in the broad indexes of more than two per cent. There were some encouraging economic reports, but the real driver is probably the interest rate cut next week, with some still expecting a half point cut, but more likely will be a quarter. There may well be […]
Posted in Currencies, SPY, Gold, QQQQ on Nov 30th, 2007
Stock index gapped higher today on further hints of fed easing. Isn’t that already priced in? How much more hinting can there be? So interest rate cuts are almost certain at this point in both the funds rate and discount rate. All stock indexes gapped on the open but were unable to hold the gain […]
