Markets Continue Remain Flat, Lackluster And Directionless

July 25th, 2013
in Gary's blogging, midday post

Midday Market Commentary For 07-25-2013

By noon the averages had done the sea-saw and were once again recovering from the sessions lows but not quite matching the previous highs. This could be considered a bearish activity when you have lower highs and lower lows, but this the casino market – remember?

By 12:30 the averages seemed to be on the cusp of going in one direction, but it is anyone's guess which way that will be. My indicators are pointing at a near term of 80% sell.

Follow up:

The spread has been mostly narrow today making it difficult to gauge trading strategies and suggest you sit on your hands and not guess.

The DOW at 12:30 is at 15503 down 39 or -0.25%.

The SP500 is at 1685 down 0.85 or -0.04%.

SPY is at 168.48 down 0.03 or -0.02%.

The $RUT is at 1049 up 5.73 or 0.55%.

NASDAQ is at 3596 up 16 or 0.46%.

NASDAQ 100 is at 3055 up 14 or 0.46%.

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

How Oil Really Gets Priced

WTI oil is trading between 105.71 and 104.14 today. The session bias is bullish and is currently trading up at 105.50.

More Widening For The Brent/WTI Spread ahead?

Brent crude is trading between 107.88 and 106.55 today. The session bias is bullish and is currently trading down at 107.64.

Gold rose from 1308.23 earlier to 1331.28 and is currently trading up at 1328.55.

Here’s why copper has lost its indicator role

Dr. Copper is at 3.185 falling from 3.194 earlier.

The US dollar is trading between 82.49 and 82.07 and is currently trading down at 82.15, the bias is currently bearish.

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.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



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

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved