| //02-19-2010 |
DJI closed higher on Thursday and above the 62% retracement level of the Jan-Feb decline crossing. Today's rally was supported by a higher Dollar and favorable earnings reports, which raised optimism that the economic recovery will be sustained. The high-range close sets the stage for a steady to higher opening on Friday. SPI closed higher on Thursday and above the reaction high crossing as it extends the rally off this month's low. Gains in energies and copper prices helped to underpin today's rally in the March S&P 500 index. The high-range close sets the stage for a steady to higher opening on Friday. NDI closed higher for the fifth day in a row on Thursday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term.
|
| //02-19-2010 |
Coffee closed higher on Thursday and above the 20-day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends today's rally, the reaction high crossing is the next upside target. Closes below the 10-day moving average crossing would temper the near-term friendly outlook.
|
| //02-19-2010 |
Gold closed slightly lower on Thursday after paring losses sustained after the International Monetary Fund announced that it would sell 191.3 tons of gold on the open market. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends Tuesday's rally, the reaction high crossing is the next upside target. Closes below the 10-day moving average crossing would signal that a short-term top has been posted.
|
| //02-19-2010 |
Crude Oil closed higher on Thursday and above the 62% retracement level of the January-February decline crossing as it extended the rally off this month's low. Today's rally was supported by reported outages at Buzzard oil field. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the 75% retracement level of the January-February decline crossing is the next upside target.
|
| //02-19-2010 |
EUR/USD closed lower on Thursday as it consolidates below the 50% retracement level of the 2008-2009-rally crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are diverging and have turned neutral hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it extends this winter's decline, the 62% retracement level of the 2008-2009-rally crossing is the next downside target.
|
| //02-05-2010 |
DJI closed sharply lower on Thursday after a rise in weekly jobless claims sent bulls heading for cover ahead of the big monthly employment report due out Friday morning. The number of workers filing new claims for unemployment rose to 480,000 last week the Labor Department reported. The number of workers receiving unemployment benefits for a week or more rose to 4,602,000 from 4,600,000 the previous week. SPI closed sharply lower on Thursday as it renewed the decline off January's high. The low-range close sets the stage for a steady to lower opening on Friday. NDI closed sharply lower on Thursday ending a three-day rebound off last week's low. Today's low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near.
|
| //02-05-2010 |
Coffee closed lower on Thursday as it extended the decline off December's high. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold and are turning 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 short-term low has been posted. If it extends the decline off December's high, the reaction low crossing is the next downside target.
|
| //02-05-2010 |
Gold closed sharply lower on Thursday and renewed the decline off December's high. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish despite today's decline warning bears to use caution in becoming too aggressive. If it extends today's decline, the 38% retracement level of the 2008-2009-rally crossing is the next downside target. Multiple closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
|
| //02-05-2010 |
rude Oil closed sharply lower on Thursday as a result of today's bearish jobs data, which leaves any economic recovery in question. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bullish despite today's decline signalling that a low might be near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
|
| //02-05-2010 |
EUR/USD closed lower on Thursday and below the 50% retracement level of the 2008-2009-rally crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this winter's decline, the 62% retracement level of the 2008-2009-rally crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
|
| //01-29-2010 |
DJI closed lower on Thursday as it extends this month's decline. Technology shares led the Dow lower as Qualcomm, the largest maker of mobile-phone chips lowered its earnings forecast. The low-range close sets the stage for a steady to lower opening on Friday. SPI closed lower on Thursday as it extends this month's decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. NDI closed lower on Thursday as it extended this month's decline. Today's low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term.
|
| //01-29-2010 |
Coffee closed lower on Thursday and spiked below November's low crossing. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this month's decline, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.
|
| //01-29-2010 |
Gold closed higher due to short covering on Thursday as it extends this week's trading range. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this month's decline, the 38% retracement level of the 2008-2009-rally crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
|
| //01-29-2010 |
Crude Oil closed slightly higher due to short covering on Thursday but remains below the 87% retracement level of the December-January rally crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends today's decline, December's low crossing is the next downside target.
|
| //01-29-2010 |
EUR/USD closed lower on Thursday as it extends this week's decline below the 38% retracement level of the 2008-2009-rally crossing. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the 50% retracement level of the 2008-2009-rally crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted
|
| //01-22-2010 |
DJI closed lower on Thursday as the sell off intensifies due to a rising Dollar and concerns about a change in China's lending practices. The low-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. SPI closed lower on Thursday 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 Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. NDI closed lower on Thursday and extended yesterday's breakout below the 20-day moving average. The low-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.
|
| //01-22-2010 |
Coffee closed lower on Thursday as it extended this week's decline. A short covering bounce tempered early losses and the mid-range close sets the stage for a steady 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, December's low crossing is the next downside target. Closes above the 10-day moving average crossing would temper the near-term bearish outlook in the market.
|
| //01-22-2010 |
Gold closed sharply lower for the second day in a row on Thursday as it extended yesterday's breakout below the 20-day moving average. 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, the reaction low crossing is the next downside target. Closes above the reaction high crossing are needed to renew the rally off December's low.
|
| //01-22-2010 |
Crude Oil closed lower on Thursday as it extends last week's decline. 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. If it extends last week's decline, the 75% retracement level of the December-January rally crossing is the next downside target. Closes above the 10-day moving average crossing would confirm that a short-term low has been posted.
|
| //01-22-2010 |
EUR/USD closed lower on Thursday and spiked below the 38% retracement level of the 2008-2009-rally crossing. A short covering rally tempered early losses and 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 50% retracement level of the 2008-2009-rally 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.
|
