Weekend Technical Analysis - Master Trendline Dictates Market As Profits Soar For Members
Today the government job report was a disappointment. The housing market has been slumping since the government tax credit has expired. The 10 year Treasury yield is under 3.00 percent which tells us that money is still going into bonds and not stocks. However, the markets have rallied sharply higher since early July.
The popular and highly traded GLD also known as the gold ETF is trading higher by $1.25 to $118.23. This morning the major stock market indexes have inflated higher after the dissappointing job report. However, the U.S. Dollar Index is falling off a cliff declining by 0.63 to $80.19. The should help lift the GLD. The GLD will have intra-day resistance around the $118.50 and $119.00 levels.
This morning the Labor Department released the July non-farm payroll report and the major stock indexes have reacted very negative initially. This morning the SPDR S&P 500 ETF (NYSE:SPY) is trading lower by $1.06 to $111.78. While this is a major decline before the opening bell often the stock market has a way of trading near the unchanged level by the end of the session on a Friday.
result season ahead will decide the trend in Indian stock market
union budget without any major announcement of liberalization policy disappointed the market
Bullet Advisory Indian Stocks-India's top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani of India.Most preferred paid subscription stocktips calls website of India.Excellent success ratio of more than 90% with superb trading
market will remain range bound before union budget
Union Budget will be presented on 6th July 2009 by Finance Minister Pranab By
Bullet Advisory Indian Stocks-India's top most no.1 best stockmarket advice blog,hot stocktips calls by expert technical analyst Narendra Nainani of India.Most preferred paid subscription stocktips calls website of India.Excellent success ratio of more than 90% with superb trading ideas.
Multiplicity Ep. 2: SPDR Gold Trust ETF (GLD) Glimmers of a Rally
The best opportunity often lies in ripping from clutched hands the shares of your fellow traders. For some reason the 1981 Greek mythology inspired fantasy movie, Clash of the Titans, comes to mind where 'Grim Reaper-esque, character, Charon, opens his skeletal hand to accept a gold coin in exchange for a boat ride.