econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

Markets Melt Up, Still Lackluster Session

admin by admin
9월 19, 2012
in 미분류
0
0
SHARES
0
VIEWS

Midday Market Commentary For 09-19-2012

By 10:30 the averages turned around and started melting down. Remember we are talking about miniscule point changes in a lackluster session. These intraday moves are almost not important enough to report. The low volume is the culprit in viewing any market movement with suspicion. Until we have some ‘real’ volume any changes of direction henceforth are questionable and should be regarded as unreliable in detecting trends.

By noon the averages had melted up for new session highs where the DOW reached 13615 and then began to melt down on low, diminishing volume.

The clueless pundits are at it again. The headline reads in part, “Don’t fight the Fed, go along for the ride”. Maybe no one has noticed, but there hasn’t been much of a ride since the QE3 announcement as the slump levels off. In fact the trend is starting to look bearish while the economic train to nowhere is starting to slow down. Almost a quarter of the QE3 bounce has been erased and I wouldn’t call this a pause or a breather before advancing further.

The RRR** has been very narrow since the opening bell and any trades will probably end up on the unprofitable side as long as this market has low volume and remains flat. Swing trading is at your own risk and being the market is at a crossroads of sorts, I would prefer to sit on my hands rather than risk guessing incorrectly.

Stocks Posting Modest Gains In Mid-Day Trading – U.S. Commentary

The DOW at 12:15 is at 13605 up 42.21 or 0.31%.

The 500 is at 1463 up 3.88 or 0.27%.

The $RUT is at 856.53 down 0.41 or -0.05%.

SPY is at 146.94 up 0.32 or 0.22%.

The trend is neutral and the current bias is up.

OPEC’s El-Badri says oil market well supplied

WTI oil is at 92.65 trading between 96.10 and 92.02 and the bias is negative.

Gold is down today at 1769.58, trading between 1779.00 and 1762.68 with a neutral bias.

Dr. Copper is at 3.81 down from 3.84 earlier.

The US dollar rose from 79.15 earlier to 79.48 then fell to 79.10 and is currently trading at 79.14.

 

** RRR = Risk Reward Ratio

To contact me with suggestions or deserved praise:

[email protected]

Written by Gary

Previous Post

Lackluster Market, Sideways And Low Volume

Next Post

CBO Revises Projections of Obamacare Tax Penalty

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

CBO Revises Projections of Obamacare Tax Penalty

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect