Global Economic Intersection - Live Market - Limited to 8 last days

Live Market Commentary For 05-30-2012

Gary — Wed, 30 May 2012 12:46:23 +0000

After market Closing Commentary:

Markets closed down for the day. One of those days that you are glad to see go away, not because of a big losing one, but one not quite ready for prime time. Can't tell if it is going up or down and I am not going to place any bets for dfay trading. Swing traders might come out O.K. As either way, long or short you have a good chance to get your money back if you bet incorrectly.

The DOW is at 12420 down 160.83 or -1.28%, the 500 is at 1313 down 19.10 or -1.43%, the $RUT is at 762 down 15.16 or -1.95% and SPY is at 131.44 down 2.28 or -1.68%. The trend is down and the current bias is down. Read more »

Original post blogged on b2evolution.

Live Market Commentary For 05-29-2012

Gary — Tue, 29 May 2012 13:29:29 +0000

After Market Closing Comments:

The mini-rally on Wall Street heated up in the last 30 minutes before the bell. Materials, technology, consumer discretionary, energy and industrial shares leading the way. The broader market averages posted bigger gains on a percent basis. I do expect the market to back off tomorrow before resuming the short term trend up to 1340 for the 500. The markets did have a burst of selling activity rated heavy at the close stopping further gains in the aftermarket dead it is tracks.

The DOW is at 12580 up 125.86 or 1.01%, the 500 is at 1332 up 14.60 or 1.11%, the $RUT is at 777.16 up 10.75 or 1.40% and SPY is at 133.91 up 1.81 or 1.37%. The trend is up and the current bias is up. Read more »

Original post blogged on b2evolution.

Is This Market Really Sick Or Too Big To Fail Part II

Gary — Thu, 24 May 2012 20:03:45 +0000

Yesterday, in part one of this, so far, 2 part series, we pointed out that indexes and equities alike were at or near pre-existent supports and their 200 day MA's. All of which posed some serious barriers to descend any lower. Not that it can't be done, but going below the snow line, sledding becomes tougher. However, some of the now exposed boulders poise some real and present dangers in breaking up the sled if it isn't steered in another direction and soon. Eurobonds comes to mind as a potential boulder where Merkel says nein and Hollande and Monti say oui and si to the notion.

There are many, many moving parts to the World markets and how each effect the US markets remains the topic of this article. Here is where we are today and probably will be for the next 5 or 6 sessions.Read more »

Original post blogged on b2evolution.

Live Market Commentary For 05-24-2012

Gary — Thu, 24 May 2012 13:04:05 +0000

After Market Closing Comments:

I love it – volatility is coming back! Best news for the trader.

The markets closed up having been depressed for most of the afternoon and made a mad dash to close up during the last 30 minutes. However this is a good setup for a down day tomorrow – watch yourselves. The charts today look like yesterday's, well almost, but not much happened as we wind down to the long weekend

The DOW is at 12529 up 33.60 or 0.27%, the 500 barely made it to the positive side and is at 1320 up 1.82 or 0.14%, the $RUT is at 766 up 1,40 or 0.18% and SPY is at 132.83 up 0.57 or 0.43%. The trend is up for the day and the current bias is neutral.

Gold is at 1559 with a positive bias. WTI oil is at 90.83and Brent crude climbed to 106.92.Read more »

Original post blogged on b2evolution.

Is This Market Really Sick Or Too Big To Fail

Gary — Wed, 23 May 2012 17:20:19 +0000

Today is going to be interesting seeing where the markets close, tomorrow even more so. The indexes are not high enough in the new channel to be topping out nor are they low enough to supports to have signaled a bottoming. There have been no volume spikes to signal a direction, in fact the volume is still down considerably YoY and that is a prognosticating problem for financial analyst's like myself. Is the market place really sick or what?

Original post blogged on b2evolution.

Live Market Commentary For 05-23-2012

Gary — Wed, 23 May 2012 13:08:01 +0000

After Market Closing Commentary:

The markets climbed out of their early morning doldrums to eek out a profit for the day in spite very heavy profit taking during the last few minutes of trading. The rise is being contributed to a rumor that said Angela Merkel, PM of Germany, has made a verbal bank deposit guarantee for the entire Eurozone. I personally find that difficult to swallow as it would mean a loss at the next election and the German high court (Bundesverfassungsgericht, or BverfG) would overturn any such extravagances anyway. My feeling is that DaBoyz had something to do starting this bit of fanciful thinking.

The DOW is at 12496 down 6.66 or -0.05%, the 500 is at 1318 up 2.23 or 0.17%, the $RUT is at 765 up 5.54 or 0.73% and SPY is at 132.17 down 0.02 or -0.02%. The near trend is down and the current bias is flat. Gold is up this afternoon to 1560 with a positive bias. WTI oil is at 90.46 being as low as 89.10 this afternoon. Brent crude is in the low 106 at the day's end. Read more »

Original post blogged on b2evolution.