30/06/2009 Camping under S1

Posted on Tuesday the 30th of June 2009 at 23:32 by LtPinback

Similar day as yesterday but reversing the price movement. S&P 500 opened flat and was improving until the Consumer Confidence data came out well short of consensus and price took a dive to camp for the rest of the day below S1. In the last half hour the S1 line was tested unsuccessful. Volume was [...]

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29/06/2009 Camping under R2

Posted on Monday the 29th of June 2009 at 22:16 by LtPinback

S&P 500 opened flat and quickly tested the Pivot Point for some support. Then price moved straight to just below the R2 line and camped there for the rest of the day. Volume was very low.
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Bernie Madoff was sentenced to 150 years in prison. Energy Sector was strong on higher oil prices

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26/06/2009 Flat day

Posted on Friday the 26th of June 2009 at 23:08 by LtPinback
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Tight choppy day from start to end. Volume was below average.
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Consumer sentiment improved but only very slightly and market is wating for next week economic data.

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25/06/2009 Uptrend on GDP revision

Posted on Thursday the 25th of June 2009 at 23:55 by LtPinback
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From the beginning of the trading day the market experienced a strong uptrend that held for the rest of the day. Volume was below average.
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GDP was revised upwards and initial claims rose for a second straight week. GDP data prevailed and thus the rally.

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24/06/2009 The Fed flat day

Posted on Wednesday the 24th of June 2009 at 22:55 by LtPinback
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The day started gaping higher and manage a sizable recovery until the bullishness reversed once the Fed statement came out. In the end it was a flat day. Volume was below average.
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Despite the weakness in home numbers market was in the mood to rally and it did so until the fed statement came out giving [...]

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