Posted on Thursday the 30th of April 2009 at 0:24 by LtPinback
General move today was very similar to yesterday’s but around 10 point higher and without so much choppiness. A new high since mid January was printed at 882.06 but the close was at 873.64. Volume was average
Q1 GDP was worst than expected but the market data-mined a need to rebuild inventories out of the data [...]
Posted on Thursday the 19th of March 2009 at 23:21 by LtPinback
The day started with a quick sell off of yesterday’s FOMC rally followed by surprisingly strong consolidation action in the 780-790 range and ending in a strongly fought battle to take down the 780 support level that ultimately was unsuccessful. The CBOE Volatility Index (VIX) surged 9.0% ahead of the triple witching Friday. Volume was [...]
Posted on Wednesday the 18th of March 2009 at 23:36 by LtPinback
The market opened lower but soon resumed the uptrend encountering a bit or resistance at 780.00 then the Federal Open Market Committee (FOMC) announced that the Federal Reserve will buy $300 billion worth of long-term Treasury bonds and thus broke the ticker for the day. Equities jumped, US dollar sunk and Gold and Treasuries went [...]
