Red Theme Green Theme Blue Theme
RSS Feeds:
Posts
Comments
"We see what we want to see unless we make a conscious effort to see what is really there." -anon.

Archive for the 'Daily Comment' Category

Stocks fall, Dollar and Oil rise

In my last update on the stock indexes seemed to have come into balance as can be seen in the volume distribution market profile graphic (see previous post). With the market having sluggishly risen on light volume and the rally looking like it was stalling I thought the path of least resistance coming out of […]

Read Full Post »

Crude oil made a new all time high today. The chart to the left is the USO crude oil etf. You can see how nicely the price bounced off the uptrending moving average, and how each time the short term momentum (double stochastic) turned up from the oversold level price quickly moved higher. I’ve been […]

Read Full Post »

The dollar continued its advance today, and as expected many commodity markets fell. There seems to be a general unwinding of the commodity trade and with momentum chasers switching back to tech names. Today the stock indexes started the session about where they left off yesterday after the failed rally. My concern with the rally […]

Read Full Post »

Fed eases, stock rally fades

The Fed did the expected 1/4 point drop in both the discount rate and fed funds rate. The wording was also basically unchanged from the last meeting. The is a perception that the dollar bashing phase is coming to an end, finally, and that the commodity bubble can finally pop on the rising dollar. The […]

Read Full Post »

The main action today was the rally in the dollar on the perceived ending of the interest rate slashing cycle, even if the Fed cuts on Wednesday. Commodities in general got clobbered today on the stronger dollar. With many of the commodity markets being in, or recently having been in bubble territory, it is not […]

Read Full Post »

Next »

DISCLAIMER: TuckerReport is written for educational purposes only. By no means do any of its contents recommend, advocate or urge the buying, selling, or holding of any financial instrument whatsoever. Trading and investing involves high levels of risk. Doug Tucker expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in the financial instruments discussed in this blog. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future performance. Please read legal disclaimer carefully.