| //04-14-2009 |
DJI closed higher on Monday as it consolidated some of last weeks decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought, diverging and are remain bearish hinting that a short-term top might be in or is near. SPI closed higher on Monday and above the 10-day moving average crossing as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday.
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| //04-14-2009 |
Crude Oil closed lower on Monday as it consolidated some of last weeks rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral signalling that sideways to lower prices are possible near-term. If it extends this year's decline, monthly support crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.
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| //04-14-2009 |
Gold posted an inside day and closed higher on Monday and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends Monday's decline, the 50% retracement level of the October-February rally crossing is the next downside target. Closes above the 20-day moving average crossing would signal that a low has been posted.
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| //04-14-2009 |
Coffee posted an inside day and closed lower during Monday's trading session. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain neutral hinting that a short-term top might be in or is near. Multiple closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it extends the rally off March's low, the 75% retracement level of this year's decline crossing is the next upside target.
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| //04-09-2009 |
DJI closed higher on Wednesday as it consolidated some of Tuesday's decline. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought, diverging and are turning bearish hinting that a short-term top might be in or is near. SPI closed higher on Wednesday and above the 10-day moving average crossing as it consolidated some of Tuesday's decline. The high-range close sets the stage for a steady to higher opening on Thursday.
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| //04-09-2009 |
Crude Oil closed higher due to short covering on Wednesday as it consolidates some of this week's decline. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. Closes below last Wednesday's low crossing would confirm that a short-term top has been posted. If it renews last week's rally, March's high crossing is the next upside target.
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| //04-09-2009 |
Gold closed lower on Wednesday and the low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold but remain bearish signalling that sideways to lower prices are possible near-term. If it extends Monday's decline, the 50% retracement level of the October-February rally crossing is the next downside target. Closes above the 20-day moving average crossing would temper the near-term bearish outlook.
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| //04-07-2009 |
DJI closed lower on Monday due to profit taking as it consolidated some of last week's rally. The high-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are diverging but remain bullish signalling that sideways to higher prices are possible near-term. SPI posted a key reversal down on Monday as it consolidated some of last week's rally. The mid-range close sets the stage for a steady to lower opening on Tuesday.
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| //04-07-2009 |
Gold closed sharply lower on Monday and below the reaction low crossing thereby renewing the decline off February's high. 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. If it extends today's decline, the 50% retracement level of the October-February rally crossing is the next downside target. Closes above the 20-day moving average crossing would temper the near-term bearish outlook.
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| //04-07-2009 |
Crude Oil closed lower on Monday due to profit taking as it consolidated some of last week's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it extends last week's rally, March's high crossing is the next upside target. Closes below last Wednesday's low crossing would confirm that a short-term top has been posted.
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| //04-03-2009 |
DJI closed higher on Thursday due to short covering as it consolidated some of Monday's decline. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near-term. SPI closed higher on Thursday due to short covering as it consolidated some of Monday's decline.
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| //04-03-2009 |
Crude Oil posted an inside day and closed sharply higher on Thursday due to short covering but remains below the 10-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 Wednesday's decline, the reaction low crossing is the next downside target
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| //04-03-2009 |
Gold closed sharply lower on Thursday as it consolidated recent gains. The mid-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 last Wednesday's low crossing would confirm that a short-term top has been posted. If it renews this month's rally, February's high crossing is the next upside target.
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| //03-30-2009 |
DJI closed lower due to profit taking on Friday as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that additional gains are still possible near-term. SPI posted an inside day with a lower close on Friday as it consolidated some of last week's rally. The low-range close sets the stage for a steady to lower opening on Monday.
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| //03-30-2009 |
Crude Oil closed lower due to profit taking on Friday as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it extends this month's rally, January's high crossing is the next upside target.
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| //03-30-2009 |
Gold closed lower on Thursday as it consolidates some of last week's rally. 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. Closes below last Wednesday's low crossing would renew the decline off February's high. If it renews last week's rally, February's high crossing is the next upside target.
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| //03-26-2009 |
DJI posted a key reversal up on Wednesday as it extends this month's rally. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that additional gains are still possible near-term. SPI posted a key reversal up on Wednesday and the mid-range close sets the stage for a steady opening on Thursday.
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| //03-26-2009 |
Crude Oil closed lower on Wednesday as it consolidates some of this month's rally. The low-range close sets the stage for a steady to lower opening on Thursday. 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 month's rally, January'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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| //03-26-2009 |
Gold closed higher on Wednesday ending a three-day correction off last week's high. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning neutral hinting that a short-term top might be in or is near. If it renews last week's rally, February's high crossing is the next upside target. Closes below last Wednesday's low crossing would renew the decline off February's high.
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| //03-25-2009 |
DJI closed lower on Tuesday as it consolidated some of Monday's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that additional gains are possible near-term. SPI posted an inside day with a lower close on Tuesday as it consolidated some of Monday's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. NDI posted an inside day with a lower close on Tuesday as it consolidated some of this month's rally. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term.
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