29/05/2009 End of moth shennigans

Posted on Friday the 29th of May 2009 at 22:42 by LtPinback
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Market traded is a very tight channel between yesterdays’ close and the R1 line. The day ended with a spike up in the last 5 minutes. Volume was averagehe waiting game for GM bankruptcy continues

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28/05/2009 Lower highs are still worrysome

Posted on Thursday the 28th of May 2009 at 22:56 by LtPinback
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Market gaped higher, took an early dive and ultimately sprung a intraday upward trend with higher highs and lows. The close was above 900. Volume was averagealling yields in the bond market eased Market concerns.

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27/05/2009 Lower highs are worrysome

Posted on Wednesday the 27th of May 2009 at 22:46 by LtPinback
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The market opened essentially flat and traded very tightly in the morning. At around 1:20, after a failed move to higher prices, a broad-market sell-of took place lasting till the end of the day. The close was a bit below the 900 level at 893.06. Volume was averageMarket quickly forgot the consumer confidence index and [...]

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26/05/2009 Will spending follow confidence?

Posted on Tuesday the 26th of May 2009 at 22:07 by LtPinback

Market gaped lower and was moving to close the gap when the Consumer Confidence number came out at 10:00am and basically sparked a large rally. Toward the end of the day there was a bit of selling but the day closed almost at the HOD. Volume was averagehe U.S. consumer confidence number had the biggest [...]

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22/05/2009 Mind on holyday

Posted on Friday the 22nd of May 2009 at 23:55 by LtPinback

The market traded is a tight channel between the Pivot Point and the R1 line. The last 45 minutes of trading show a sell-off that ended the day almost flat. Volume was very low..S. budget deficit continues to worry investors. The U.S. Dollar is taking a hit.

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