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Message: Today's Trading

Today's Trading

posted on May 20, 2009 07:01AM

On NYSE: Half way through the trading week and KRY sp flat. AH jump was a head fake. Bearishness abounds in the Daily techs in this down cycle. However, Daily OBV has been flat since the big May 4 Monday jump. Still waiting for (good) news.

Dow moving big, up about a hundo and currently about 80'ish, on Timmy G's chatting it up about bailout and TARP. Today makes another higher-high, so the Bull is still in the house. Daily Stoch crossed and MACD about to, although OBV not supporting today's move. Hmmm...

Gold touched 940 at open of NYSE and fading a bit at this time. GLD Daily techs, which is very close to tracking gold price, showing the run may continue somewhat more before the next cycle down.



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