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Message: Today's Trading

Today's Trading

posted on Apr 22, 2009 05:02AM

On NYSE: Bumping up against 0.2900 with Daily techs of Stoch and Mac still looking very Bullish. Yesterday's trading resulted in a candlestick known as the hanging man, which is not a good thing and may indicate topping/peaking. However, the cycle highs and lows are normal and currently at a high. News trumps techs and still waiting.

Dow up about 100 yesterday. There was mention of a cat ;-) Investors are selling off banks in pre-market. And, recently, as the banks go - so goes the Market. Mr. Tim's statements yesterday seemed sincere, so sell off may be premature. Techs showing down-cycle with an overall uptrend. Anything can happen today.

Gold made a head fake yesterday and looks to be trying again at open of NYMEX. Made a good move Monday to maintaining $885'ish for the last couple of days. I do not follow the gold chart techs, but GLD could be a decent indicator. Techs for GLD show that April 6 and April 17 could be a double bottom.



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Apr 22, 2009 05:12AM
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Apr 22, 2009 06:02AM
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