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

New Highs And Markets Close Higher, But Weak

admin by admin
5월 21, 2013
in 미분류
0
0
SHARES
0
VIEWS

Closing Market Commentary For 05-21-2013

New highs were made again today as the Energizer Bunny Market keeps pushing higher and higher. This kind of news is sure to excite the ‘sheeples’ into a buying frenzy and help push this long run into a climatic end.

By 4 pm the averages had slipped off the sessions high, but remained in the green in what I would call a lackluster trading session.

Averages closed at higher numbers today with my proprietary indicators screaming sell, sell! The cliff edge is close, very close. I continue to see more upside, but any little burp will send this market cascading downward. Be on your toes, because I feel it is going to happen without much warning.

@zerohedge:_______

Goldman Confirms ‘Recovery’ Hopes Have Gone As ‘Slowdown’ Deepens

With US Macro no longer the clean dirty shirt, the ‘hope’ of a recovery from the Spring swoon has faded rather quickly according to Goldman’s latest Global Leading Indicator (though obviously not David Kostin).

The modest April pick up – driven mainly by sentiment indicators as opposed to hard data – has faded as the reality of economic deterioration was more pronounced as both the Philadelphia Fed headline and the New Orders less Inventories components (the advanced proxies for Goldman’s Global PMI aggregate) fell to the lowest level in more than six months.

The S&P GSCI Industrial Metals Index also made new lows and fell for the third month in a row. The CAD and AUD TWI Aggregates weakened, driven primarily by a weaker AUD, and US Initial Claims also worsened from last month. But apart from that… as Goldman notes, the decline in momentum was a bit more substantial in May than many had expected.

 

The DOW at 4:00 is at 15387 up 52 or 0.34%.

The SP500 is at 1669 up 3 or 0.17%.

SPY is at 167.15 up 0.22 or 0.13%.

The $RUT is at 998.76 up 0.78 or 0.08%.

NASDAQ is at 3502 up 6 or 0.16%.

NASDAQ 100 is at 3026 up 5 or 0.18%.

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

How Oil Really Gets Priced

WTI oil is trading between 97.22 and 95.77 today. The session bias is negative and is currently trading down at 95.92.

More Widening For The Brent/WTI Spread ahead?

Brent crude is trading between 105.14 and 103.51 today. The session bias is bearish and is currently trading down at 103.65.

Gold fell from 1399.60 earlier to 1358.06 and is currently trading down at 1372.25.

Here’s why copper has lost its indicator role

Dr. Copper is at 3.337 down from 3.379 earlier.

The US dollar is trading between 83.74 and 84.29 and is currently trading down at 83.92, the bias is currently neutral.

The 500 at the close.

The DOW at the close.

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

[email protected]

Written by Gary

Previous Post

Averages Recover From Morning Lows And Seeking Higher Ground

Next Post

What We Read Today 21 May 2013

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

What We Read Today 21 May 2013

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