Stocks, bonds, the Dollar, oil and gasoline all moved sideways today. Gold moved sideways too, but was up a very little. My reading of the technical charts says that gold appears to be breaking out of its price channel to the upside. While this is speculative at best, we can watch the next price [...]
Stocks were shocked into a big loss today by the retail sales numbers. Bonds gained on the same news, as it became clearer to a lot of people that the economy isn’t about to come out of this recession anytime soon. The Dollar and Gold moved sideways, but both with an upward bias. Oil and [...]
All markets (stocks, bonds, Dollar, oil, gasoline) went sideways today. Gold was the star by gaining $10 today. Technical analysis of the charts shows that gold is close to breaking out of its current price range. The near future will determine if this technical indicator is correct or not. In the news today….. Median Home [...]
Stocks fell 155 points today as traders took profits from the dramatic recent upsurge. Bonds gained (fell in interest rates). If you remember that the FED is purchasing US Treasuries to keep interest rates lower – and my observation is that they are failing. They started with $300B in cash to make those purchases. They’ve [...]
Stocks soared again on the GREAT JOBS REPORT – read below, up 165 points. Bonds and gold moved sideways. The Dollar lost significant ground today, as the Euro soared. Oil and gasoline continued their climb – locking in the probability you will be paying more for your gasoline very soon. In the news today….. Jobs [...]
Stocks took a hit today as traders took their profits from the recent run up. Bond market jitters also influenced stocks today, and as this is a truly unusual event, I wanted to bring it to your attention Bonds fell dramatically in value (big increase in interest rates) as a poor 30 Year Treasury auction [...]
Stocks jumped again today – the bull market is still ruling the roost – and this was driven because the “stress tests” were not thought to be too bad for the banks. Huh???? Bonds, the Dollar and Gold went sideways today. Oil and gasoline jumped in concert with the stock market. The real message for [...]
Stocks rested today as traders are waiting for the real “stress test” results. So, a sideways day!!! Ditto with bonds. The Euro backed up a little against its gains with the Dollar from yesterday. Oil and gasoline went sideways, but are at high levels. Gold was sideways, but remains above $900 – wait and see [...]
Stocks soared today as pending housing sales was up for the second month in a row. The S&P index crossed an important technical threshold saying that stocks were “on the way UP.” So, people bought with both hands. Bonds moved sideways and maintained their high interest rates. The Dollar lost value as the Euro crossed [...]
Shares went sideways today again. Kind of boring market after all that volatility over the past 6 months. Bond interest rates continued their upward move, and this jeopardizes everything the government is working toward in terms of a recovery. All other markets moved sideways. In the news today….. Manufacturing – continues to decline in both [...]
