Low Volume, Double Top, Look For A Fire Escape

July 16th, 2012
in Gary's blogging

Closing Market Commentary For 07-16-2012

Comcast strikes again leaving us without a connection from 3:45. I got the closing numbers and it appears that we have a sideways market in progress. I had to copy this to another machine to access the internet – THANKS Comcast.

Follow up:

The DOW at 4:00 is at 12727 down 49.88 or -0.39%.

The 500 is at 1353 down 3.14 or -0.23%.

The $RUT is at 796.66 down 4.33 or -0.54%.

SPY is at 135.34 down 0.41 or -0.30%.

The trend is neutral and the current bias is neutral.


WTI oil is at 88.18 trading between 88.30 and 86.40 and the bias is neutral.

Brent crude is at 103.55 trading between 103.68 and 102.06 and the bias is positive.

Gold is down this afternoon today at 1589, trading between 1595 and 1577 with a negative bias.

Dr. Copper is at 3.49 down from 3.51 earlier.

The USD tumbled from 83.76 to 83.38 at 9 am and now is at 83.24.


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Written by Gary


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