Posted in SPY, Daily Comment on Apr 30th, 2008
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 […]
Posted in Currencies, SPY, QQQQ, Daily Comment 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 […]
Posted in SPY, Gold, Daily Comment on Apr 23rd, 2008
Stocks indexes closed a bit higher today, although they giving back most of the gains in the after-hours session as I write this. In the last post written on Monday I was concerned about the gap up on fairly light volume. The chart on Monday was the QQQQ. Today I show the SPY with a […]
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 SPY, QQQQ, Daily Comment on Apr 9th, 2008
Stock indexes fell again today. I didn’t update yesterday as there hasn’t been a change since the post from last Friday. Also, I was trying to get my taxes done. I didn’t want to wait until the last minute this year. So this year I’m getting them in a week early. That’s a slight improvement. […]
