Here are the closing statistics for our key indicators (10/18/11): DJ30 – 11,577 up 180 US Treasury 10 Year Bond – 2.15% down 0.01% USDEUR - 1.3756 Gold – $1663 down $13 Oil – $88.23 up $1.81 Stocks jumped today on news out of Europe – that I reported to you yesterday – but it [...]
Here are the closing statistics for our key indicators: DJ30 – 12,267 up 65 US Treasury 10 Year Bond – 3.37% no change USDEUR - 1.4331 Gold – $1497 up $4 Oil – $108.15 up $1.33 Gold topped $1500 during the mid day trading today. Psychologically important. Now we are ready to go higher. The [...]
Stocks fell as did bonds today. The major mover was the Dollar which gained one cent against the Euro. Oil gained over a Dollar which was a surprise. Gold and Gasoline went sideways. Special Announcement – I will be traveling until mid January, so the economyguy news will be spotty at best, but don’t be [...]
Stocks jumped upward to new near term highs today – on exuberant enthusiasm – nothing much else. Gold started back up, and Oil and gasoline jumped massively – only speculation could cause the volatility we have seen in the past two days in the energy futures market. In the news today….. Bond Auctions yesterday and [...]
The big move in the market today was a big gain by a strong Dollar. Stocks decided they had gone too high, too fast, and gave up 187 of their recent gains. Have we just seen the top of the market??? Let’s wait to see. Maybe, and maybe not. If the market rallies tomorrow, today’s [...]
Stocks moved sideways today, as did the Dollar. Bonds started a rally today with decreasing interest rates. This was caused by a successful auction of new Treasury Notes, and this satisfied the fears expressed last week on a great new supply of Treasuries being issued. Gold fell below $910, so let’s wait to open that [...]
