Markets Open Flat, Mixed And Lackluster

July 22nd, 2013
in Gary's blogging, market open

Opening Market Commentary For 07-22-2013

Premarkets were up +0.15% for most of the morning, MCD missed its mark and was off 2% in early trading.

At 9:25 Comcast kicked us off the internet – I wonder if this is some sort of conspiratorial plot to punish Wall Street folks? Now at MCD for a cup and connection (10:45) and see first hand that the averages are in the green, but barely with surprisingly moderate volume.

Follow up:

The DOW at 11:00 is at 15548 up 5 or 0.11%.

The SP500 is at 1694 up 2 or 0.12%.

SPY is at 169.38 up 2 or 0.13%.

The $RUT is at 1052 up 1.51 or 0.14%.

NASDAQ is at 3595 up 7 or 0.23%.

NASDAQ 100 is at 3051 up 7 or 0.23%.

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

How Oil Really Gets Priced

WTI oil is trading between 108.59 and 107.16 today. The session bias is bearish and is currently trading down at 107.32.

More Widening For The Brent/WTI Spread ahead?

Brent crude is trading between 108.68 and 107.66 today. The session bias is bearish and is currently trading up at 107.77.

Gold rose from 1295.34 earlier to 1328.25 and is currently trading up at 1326.15.

Here’s why copper has lost its indicator role

Dr. Copper is at 3.198 rising from 3.145 earlier.

The US dollar is trading between 82.66 and 82.13 and is currently trading up at 82.27, the bias is currently negative.

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

gary@econintersect.com

Written by Gary















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