| //06-16-2009 |
DJI closed lower on Monday as it consolidates some of this spring's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but are neutral signalling that sideways prices are possible near-term. SPI closed lower on Monday as it consolidates some of this spring's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but are neutral signalling that sideways prices are possible near-term
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| //06-16-2009 |
Crude Oil closed lower due to further profit taking on Monday as it consolidated some of this spring's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off April's low, the 38% retracement level of the 2008-2009 decline crossing is the next upside target.
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| //06-16-2009 |
Coffee posted an inside day with a lower close on Monday as it consolidated some of last week's rally. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends last week's rally, the reaction high crossing is the next upside target. If it renews the decline off May's high, April's low crossing is the next downside target.
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| //06-15-2009 |
DJI closed higher on Friday while extending this spring's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. SPI closed higher on Friday as it extends this spring's rally.
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| //06-15-2009 |
Crude Oil closed lower due to profit taking on Friday as it consolidated some of this spring's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off April's low, the 38% retracement level of the 2008-2009 decline crossing is the next upside target
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| //06-15-2009 |
Gold closed sharply lower on Friday and below Monday's low crossing confirming that a short-term top has been posted. Friday's sell was attributed to a stronger Dollar, which triggered fund related selling and profit taking ahead of the weekend. The low-range close sets the stage for a steady to lower opening on Monday. 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 would signal that a short- term low has been posted.
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| //06-12-2009 |
DJI closed higher on Thursday while extending this spring's rally. A late-day sell off tempered early gains and the mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. SPI closed higher on Thursday as it extends this spring's rally. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought but are turning neutral signalling that sideways to higher prices are possible near-term. NDI closed unchanged on Thursday as it consolidates some of this spring's rally. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought but are neutral signalling that sideways to lower prices are possible near-term.
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| //06-12-2009 |
DJI closed higher on Thursday while extending this spring's rally. A late-day sell off tempered early gains and the mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term.
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| //06-12-2009 |
Crude Oil closed higher on Thursday as it extends this spring's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought, diverging but are bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off April's low, the 38% retracement level of the 2008-2009 decline 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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| //06-12-2009 |
Gold closed lower on Thursday in late day trading as it extended the decline off last week's high. 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. Closes below Monday's low crossing are needed to confirm that a short-term top has been posted while opening the door for additional weakness near-term. If it renews the rally off April's low, February's high crossing is the next upside target.
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| //06-12-2009 |
Coffee posted an inside day with a higher close on Thursday as it consolidated some of this week's decline but remains below the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday. 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.
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| //05-22-2009 |
DJI closed lower on Thursday as stocks tumbled for a third day. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. SPI closed lower on Thursday after jobless claims topped economists’ forecasts. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. NDI closed lower on Thursday erasing gains in the final hour of trading. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near.
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| //05-22-2009 |
Crude Oil closed lower on Thursday as prices dropped from a six-month high after the Federal Reserve cut its forecast for the economy of the U.S. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. Closes above the 10-day moving average crossing would confirm that a short-term bottom has been posted.
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| //05-22-2009 |
Gold closed higher on Thursday as it rose to its highest level since March. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bearish signalling that additional profit taking is possible near-term. Closes below the 10-day moving average crossing would temper the near-term friendly outlook in the market.
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| //05-22-2009 |
Coffee closed higher on Thursday as it extends yesterday's trading range. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this spring's rally, the reaction 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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| //05-22-2009 |
DJI closed lower on Thursday as stocks tumbled for a third day. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. SPI closed lower on Thursday after jobless claims topped economists’ forecasts. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. NDI closed lower on Thursday erasing gains in the final hour of trading. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near.
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| //05-19-2009 |
DJI closed sharply higher on Monday and above the 10-day moving average crossing thereby tempering the near-term bearish outlook in the market. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning neutral signalling that sideways to higher prices are possible near-term. SPI closed higher on Monday due to short covering as it consolidated some of last week's decline.
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| //05-19-2009 |
Crude Oil closed sharply higher on Monday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews the rally off April's low, the reaction high crossing is the next upside target.
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| //05-19-2009 |
Gold closed lower due to profit taking on Monday as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off April's low, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term bullish outlook.
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| //05-15-2009 |
DJI closed lower on Wednesday and below the 10-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near-term. SPI closed lower on Wednesday and below the 10-day moving average crossing signalling that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. NDI closed sharply lower on Wednesday and below the 20-day moving average crossing confirming that a short-term top has been posted. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term.
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