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

Massive Free Fall Sends Averages Down With Investors Worried

admin by admin
5월 22, 2013
in 미분류
0
0
SHARES
0
VIEWS

Closing Market Commentary For 05-22-2013

Markets closed down in what is described as the largest high to low drop intraday in the SP500 in 5 weeks. Other averages suffered the same fate dropping almost freefall since 1 pm with heavier than usual volume to go with it.

About 3:30 pm the ‘dippers once again saved the day by charging in, buying up all those ‘bargains’ and melting the averages up a bit. They are probably correct this time anyway.

Several gaps that were formed almost 2 weeks ago when the markets opened much higher were closed. Why this is important is the market is ‘almost’ unencumbered now to rise higher now that some of the these ‘technicalities are out of the way. I do feel that the indices have a way to go before making that ‘correction’ everyone is talking about.

The markets are still in a state of jitters as investors are unsure where Mr. Market is going to take them, but assured there are more fireworks to be seen.

@SA

2:10 PM: Stocks had already shed their Bernanke-testimony gains from this morning and they head even lower following the release of the FOMC minutes showing a “number” willing to begin tapering QE as soon as the next policy meeting. S&P 500 (SPY -0.4%), Nasdaq 100 (QQQ -0.6%). The dollar (UUP +0.4%) moves to a new session-high, and Treasurys (TLT -1.3%) continue to sell off.

The DOW at 4:00 is at 15307 down 80 or -0.52%.

The SP500 is at 1655 down 14 or -0.83%.

SPY is at 166.23 down 0.94 or -0.56%.

The $RUT is at 982.26 down 16.52 or -1.65%.

NASDAQ is at 3463 down 39 or -1.11%.

NASDAQ 100 is at 2999 down 27 or -0.90%.

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 96.19 and 94.01 today. The session bias is negative and is currently trading down at 94.11.

More Widening For The Brent/WTI Spread ahead?

Brent crude is trading between 103.81 and 102.24 today. The session bias is mixed but negative and is currently trading down at 102.26.

Gold rose from 1353.44 earlier to 1412.99 and is currently trading up at 1368.25.

Here’s why copper has lost its indicator role

Dr. Copper is at 3.367 rising from 3.334 earlier.

The US dollar is trading between 84.50 and 83.52 and is currently trading sideways at 84.35, the bias is currently positive.

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

<p><strong><span style=”font-family: arial,helvetica,sans-serif;”><span style=”font-size: medium;”>Written by <a rel=””author”” href=”/files/gary.htm”>Gary</a></span></span></strong></p>

live market commentary, market news free, real time financial news, live stockmarket news, day trading, econintersect, hft algo computers, us economy, european economy, stock futures, wti oil, brent crude, mr market, spx, dr copper, dow jones, gold, silver

Previous Post

Jitters Push Markets Downwards, HFT Computers Push Upwards

Next Post

What We Read Today 22 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 22 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