| //03-04-2009 |
Crude Oil closed higher on Tuesday due to short covering as it consolidated some of Monday's decline and closed above the 10-day moving average crossing. The high-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above last week's high crossing are needed to signal that a larger-degree rally into March is unfolding.
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| //03-04-2009 |
Gold closed lower on Tuesday as it extends yesterday's breakout below the 20-day moving average crossing. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the reaction low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a short-term low has been posted.
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| //03-04-2009 |
The blue chip average's fall below 7,000—and the S&P 500's struggle to stay above 700—show the market is in "uncharted territory."
Investors don't lack ways to measure the carnage on Wall Street. What they're missing is a way to calculate when the losses will stop.
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| //03-03-2009 |
DJI closed sharply lower on Monday and closed below 7000 for the first time since October 1997. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but are neutral to bearish signalling that sideways to lower prices are possible near-term. SPI gapped down and closed sharply lower on Monday's trading session
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| //03-03-2009 |
Crude Oil closed sharply lower on Monday due to profit taking as it consolidated some of last week's rally. Today's decline lead to a close below the 10-day moving average crossing thereby tempering the near-term friendly outlook in the market. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term.
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| //03-03-2009 |
Gold closed lower on Monday and below the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing are needed to confirm that a short- term top has been posted. If it renews this year's rally, psychological resistance crossing is the next upside target
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| //03-02-2009 |
Coffee closed sharply lower on Monday and below January's low crossing thereby renewing this year's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold diverging but are neutral to bearish signalling that additional weakness is possible near-term. If it extends today's decline, December's low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted.
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| //02-26-2009 |
DJI closed lower due to profit taking on Wednesday as it consolidates below broken support marked by the November low crossing. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are oversold but are turning neutral to bullish hinting that a low might be in or is near. SPI closed lower on Wednesday as it consolidated some of Tuesday's rally.
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| //02-26-2009 |
Gold closed slightly higher on Wednesday and above the 20-day moving average crossing. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold and are turning bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews this month's decline, the reaction low crossing is the next downside target.
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| //02-26-2009 |
Coffee closed lower on Wednesday ending a two-day short covering rally. The mid-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it extends this month's decline, January's low crossing is the next downside target.
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| //02-24-2009 |
Stocks Continue to Plumb New Lows
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| //02-24-2009 |
DJI closed lower on Monday and below the October 2002 low crossing as it extends this winter's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. SPI closed sharply lower on Monday as it extended last week's decline and closed below the November-January rally crossing.
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| //02-24-2009 |
Gold closed higher on Friday and spiked above last July's high crossing as it extended this year's rally. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this year's rally, psychological resistance crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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| //02-24-2009 |
Crude Oil closed lower on Monday as it extends last week's trading range. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI have turned bullish signalling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews this month's decline, psychological support crossing is the next downside target.
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| //02-20-2009 |
DJI closed lower on Thursday as it dropped to a six-year low. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. SPI closed lower on Thursday as it fell for a third day. The low-range close sets the stage for a steady to lower opening on Friday
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| //02-20-2009 |
Gold posted an inside day with a lower close on Thursday as it consolidated some of this week's rally. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this year's rally, last July's high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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| //02-20-2009 |
Crude Oil closed sharply higher on Thursday and above the 10-day moving average crossing signalling that a short-term low might be in place. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish hinting that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted.
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| //02-20-2009 |
Coffee closed slightly lower on Thursday as it extends this month's decline. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, January's low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted.
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| //02-16-2009 |
DJI closed lower on Friday and the mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. SPI closed lower on Friday due to profit taking as it consolidates below the 20-day moving average crossing
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| //02-16-2009 |
Crude Oil closed sharply higher due to short covering on Friday as it consolidated some of this week's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near- term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
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