Averages In Lackluster Low Volume Mode

May 31st, 2013
in Gary's blogging

Midday Market Commentary For 05-31-2013

Somewhat interesting session as we watched the markets open down, slowly melt up to Wednesday's closing numbers and then back off to lackluster flat status. Shouldn't read too much into this as it may be nothing except investors positioning themselves for the next move, which may be up.

By noon the volume was on the low side and falling with the indices not far behind. The last time we saw sideways sessions we also saw some of the averages set new highs shortly thereafter.

Follow up:

Friday and last day of the month. Could this indicate what is in store on Monday?

The DOW at 12:30 is at 15323 down 1 or -0.01%.

The SP500 is at 1652 down 2 or -0.14%.

SPY is at 165.63 down 0.20 or -0.12%.

The $RUT is at 992.79 down 1.61 or -0.16%.

NASDAQ is at 3491 down 0.42 or -0.01%.

NASDAQ 100 is at 3014 up 3 or 0.11%.

The longer trend is up, the past months trend is bullish, the past 5 sessions have been sideways and the current bias is negative.

How Oil Really Gets Priced

WTI oil is trading between 93.85 and 92.27 today. The session bias is bullish and is currently trading up at 93.05.

More Widening For The Brent/WTI Spread ahead?

Brent crude is trading between 102.38 and 100.72 today. The session bias is bearish and is currently trading down at 101.28.

Gold fell from 1421.33 earlier to 1389.77 and is currently trading up at 1396.25.

Here’s why copper has lost its indicator role

Dr. Copper is at 3.303 falling from 3.330 earlier.

The US dollar is trading between 83.01 and 83.65 and is currently trading up at 83.52, the bias is currently bullish.

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:


Written by Gary

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect.com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved