Markets Down, Quiet And Directionless

August 21st, 2013
in Gary's blogging, midday post

Midday Market Commentary For 08-21-2013

Markets fell out of their sideways zone about 11:30 and headed down to the next level at -0.75% and settled at -0.30% to -0.55%

Very little going on in the form of FOMC market news and the volume has fallen off to anemic levels.

Follow up:

The DOW at 1:00 is at 14950 down 53 or -0.35%.

The SP500 is at 1647 down 5 or -0.31%.

SPY is at 165.07 down 0.51 or -0.31%.

The $RUT is at 1023 down 5.39 or -0.52%.

NASDAQ is at 3606 down 7 or -0.20%.

NASDAQ 100 is at 3078 down 4 or 0.13%.

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

How Oil Really Gets Priced

WTI oil is trading between 105.35 and 103.55 today. The session bias is negative and is currently trading up at 103.81.

Brent Crude is trading between 109.23 and 110.24 today. The session bias is positive and is currently trading up at 109.89.

Gold fell from 1373.56 earlier to 1389.37 and is currently trading up at 1370.80.

Here's why copper has lost its indicator role

Dr. Copper is at 3.307 falling from 3.331 earlier.

The US dollar is trading between 80.92 and 81.33 and is currently trading down at 81.20, the bias is currently positive.

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


Written by Gary


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