Posted in QQQQ, Stock Market on Oct 31st, 2007
The Fed cut rates as expected, and as expected the markets gyrated, first down, and then up sharply. Gold hit $800 in the electronic session. Stocks gyrated around trying to interpret the Fed non-news, and then finally decided to go higher, with the Qs leading the way up 1.42%, while the DIA was up .89%, […]
Posted in QQQQ, Stock Market on Oct 11th, 2007
Stocks opened the session with more of the same. It seemed like stocks were going to continue going straight up to the moon. Most indexes were at new all time highs, with the Nasdaq at the highest level since the collapse in 2000. Gold was going higher. The Chinese bubble saw no sign of a […]
Posted in Baltic Dry Index, Gold, QQQQ, Stock Market on Oct 10th, 2007
The stock indexes were mostly lower today, with the Nasdaq 100 the exception by moving a slightly higher. Volume was light once again. CCI reading are still holding above the bullish plus 100 level, momentum indicators are still point up, but some getting into overbought territory with potential bearish divergences ahead. However, there is no […]
Posted in Baltic Dry Index, Stock Market on Oct 9th, 2007
The stock indexes continued higher today. All trends are showing strong momentum, as the CCI is staying over the bullish plus 100 line on the Dow, S&P, and Nasdaq 100. The only negative is that volume is very light. Another negative for Dow Theory watchers is the failure of the Transportation average to confirm the […]
Posted in QQQQ, Stock Market on Oct 3rd, 2007
Stock indexes closed the session moderately lower today. The QQQQ chart to the left shows the persistent uptrend over the past couple of weeks, with the three day pivot nicely holding the price action. The adaptive CCI has also been over the plus 100 line, which shows the up trend still intact, even though there […]
