Market Commentary: Markets Slow, Too Slow, Volume Falling

October 7th, 2013
in Gary's blogging, midday post

Written by

Midday Market Commentary For 10-07-2013

Markets climbed up to the -0.50% level and have more or less stayed there. The small caps seem to be leading the way towards the negative side as volume falls off.

By noon any news from US Congressional leaders was not forth coming and most investors are becoming skittish about where this clash of political differences is going to end up. This could be the quiet before the storm.

Follow up:

Monday afternoon humor.

The DOW at 12:15 is at 15001 down 71 or -0.47%.

The SP500 is at 1683 down 7 or -0.42%.

SPY is at 168.19 down 0.73 or -0.43%.

The $RUT is at 1071 down 8 or -0.71%.

NASDAQ is at 3787 down 21 or -0.55%.

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

How Oil Really Gets Priced

WTI oil is trading between 103.65 and 101.88 today. The session bias is negative and is currently trading down at 103.24.

Brent Crude is trading between 109.58 and 107.94 today. The session bias is positive and is currently trading up at 109.44.

Gold rose from 1308.41 earlier to 1328.57 and is currently trading up at 1322.40.

Here's why copper has lost its indicator role

Dr. Copper is at 3.298 rising from 3.264 earlier.

The US dollar is trading between 80.00 and 80.23 and is currently trading down at 80.06, the bias is currently negative.

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


Written by Gary


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