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

Market Commentary: Markets Sea-Saw Consolidating For Next Move

admin by admin
10월 18, 2013
in 미분류
0
0
SHARES
0
VIEWS

Written by Gary

Midday Market Commentary For 10-18-2013

Noontime rolled around and the averages are doing the sea-saw thing on low to moderate volume. Not enough volume to be testing the upper resistance so the markets must be consolidating.

Seriously, the numbers are not there for further advancement, but the ‘Market Viagra’ being supplied by the Feds every month is certainly have its effect providing support for an otherwise floundering economy.

The European’s and the BRICS couldn’t possibly be of any help keeping this house of cards from collapsing and it looks shakier by the day. The charts are looking eerily like early 2008 and the light at the end of the tunnel looks more like a train wreck on it way. I don’t see much hope for new highs with a weak economy, poor employment figures, increase debt and spending and the best solution the US Government can come up with is to kick the can down the road.

The DOW at 12:15 is at 15364 down 8 or -0.06%.

The SP500 is at 1740 up 7 or 0.40%.

SPY is at 173.95 up 0.72 or 0.42%.

The $RUT is at 1110 up 7 or 0.67%.

NASDAQ is at 3897 up 34 or 0.88%.

NASDAQ 100 is at 3338 up 36 or 1.10%.

The longer trend is up, the past months trend is mixed, the past 5 sessions have been positive and the current bias is sideways with a positive slant.

How Oil Really Gets Priced

WTI oil is trading between 101.71 and 100.52 today. The session bias is negative and is currently trading down at 100.79.

Brent Crude is trading between 110.24 and 108.96 today. The session bias is negative and is currently trading up at 109.44.

Gold fell from 1325.86 earlier to 1313.39 and is currently trading down at 1315.80.

Here’s why copper has lost its indicator role

Dr. Copper is at 3.298 falling from 3.319 earlier.

The US dollar is trading between 79.82 and 79.55 and is currently trading up at 79.67, the bias is currently positive.

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

[email protected]

 

Written by Gary

 

Previous Post

Rail Week Ending 12 October 2013: Continued Growth Even with Government Shutdown

Next Post

Market Commentary: Market Viagra Keeping Markets Up As New Highs Made

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

Market Commentary: Market Viagra Keeping Markets Up As New Highs Made

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