13Oct2015 Market Update: SP500 2020 Support Tested Again, Oil And Dollar Volatile As Bulls Pray For A Miracle


Written by Gary

SP500 tests, yet again, the resistance at 2020 and fails, for now anyway. WTI oil is repelled from its support at 46.80 and the U.S. dollar remains volatile, but basically unchanged from early morning trading. Markets open lower and immediately began climbing to test the all important resistance all done on low volume. Short term indicators were very bullish this morning, but have turned neutral as the markets trade sideways.

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What We Read Today 12 October 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

Dutch Safety Board Simulates MH17 Being Hit By BUK Missile

The Dutch Safety Board publishes MH17 final report after fifteen months of investigation at Gilze-Rijen air force base in the Netherlands.

Infographic Of The Day: An Observer's Guide To Solar Eclipses

This years solar eclipse occurred on Sunday, Sept. 13, 2015. It was a partial solar eclipse that was visible primarily from South Africa and Antarctica.

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Video of the Day:

The Dutch Safety Board publishes MH17 final report after fifteen months of investigation at Gilze-Rijen air force base in the Netherlands.

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13Oct2015 Pre-Market Commentary: U.S. Futures Down, Europe And Asia In The Red, Oil Slipping, Investors Weary About Good Third-Quarter Corporate Earnings

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Nuke Puke Disposal Plan

by Reverse Engineer, Doomstead Diner


Discuss this article at the Nuke Puke Table inside the Diner

Amongst the numerous other problems we have with Climate Change, Population Overshoot and Geopolitical Conflict, one of the main worries these days amongst KollapsniksTM is the residue of the Nuclear Power Industry which grew up in the aftermath of WWII, when a few brilliant scientists applied the ideas Albert Einstein had about the equivalence of Matter and Energy, most remembered by the famous equation E=mc2.


Written by Gary

Global Markets are in the red this morning with the U.S. stock futures indexes off a half percentage point as weak Chinese trade data rekindled fears about the health of the global economy. European markets are lower with shares in Germany leading the slide with the DAX down 1.34% while France's CAC 40 is off 1.26% and London's FTSE 100 is lower by 0.96%.

US markets are expected to open lower with investors sitting on wallets awaiting 3rd. Quarter corporate earnings reports.

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 USA economy at a glance (boxed items are updates in last 7 days)

September 2015 Small Business Optimism Index Increased Insignificantly

The National Federation of Independent Business's (NFIB) optimism index improved 0.2 to 96.1 - and still not above the 42 year average of 98.. The market was expecting the index between 94.8 to 96.5 with consensus at 95.8.

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