Posted in Currencies, Gold, QQQQ, SPY 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 [...]
Posted in Crude Oil, Currencies on Nov 29th, 2007
Stocks closed a bit higher today. The markets attempted to sell off a bit after the previous two day powerful short-covering rally, but most indexes edged higher to make it three gains in a row. There isn’t much to show on the charts, as they look much the the post from yesterday with just a [...]
Posted in Currencies, Gold, QQQQ, SPY on Nov 27th, 2007
The dollar made a very slight recovery today. The graphic on the left from Barron’s this week maybe will prove to be timely. At least a few analysts are moving over to the empty side of the boat. The dollar bear side is still extremely crowded. The perception is still that the dollar slide has [...]
Posted in Currencies, Gold, SPY on Nov 23rd, 2007
The US Dollar has actually been gaining against the Malaysian Ringgit for almost two weeks now. It is difficult to find any currency that the dollar isn’t falling against, but on the chart to the left you can see the dollar advance on the right side of the chart. It is subtle, but if you look [...]
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 [...]
