Closing Market Commentary For 07-25-2013
Markets continued to melt upwards throughout today’s session stumbling a few times. Weakness is obviously prevalent throughout the markets performance today. Volume overall is low, large caps slow to rise and financial are not exactly awe inspiring. News from the EU and China is also disturbing and is not building confidence among investors. Then there is ol’ Ben back peddling his way out of this mess.
By 4 pm most investors were tired of this lackadaisical whimpering source of irritation and just wanted to go home. Maybe Mr. Market will give us some action tomorrow – up, down, anything. I know, be careful of what you wish.
The DOW at 4:00 is at 15555 up 13.37 or 0.09%.
The SP500 is at 1690 up 4.31 or 0.26%.
SPY is at 168.80 up 0.28 or 0.17%.
The $RUT is at 1054 up 5.73 or 0.55%.
NASDAQ is at 3596 up 10.35 or 0.99%.
NASDAQ 100 is at 3062 up 20.51 or 0.67%.
The longer trend is up, the past months trend is bullish, the past 5 sessions have been neutral and the current bias is bullish.
WTI oil is trading between 105.84 and 104.14 today. The session bias is bullish and is currently trading up at 105.69.
More Widening For The Brent/WTI Spread ahead?
Brent crude is trading between 107.86 and 106.55 today. The session bias is bullish and is currently trading down at 107.78.
Gold rose from 1308.23 earlier to 1337.12 and is currently trading down at 1335.45.
Here’s why copper has lost its indicator role
Dr. Copper is at 3.195 rising from 3.150 earlier.
The US dollar is trading between 82.49 and 81.72 and is currently trading down at 81.77, the bias is currently bearish.
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Written by Gary
