Today’s GDP report didn’t have much of an impact on the stock market, but there were significant effects in other markets. The dollar fell, reinforcing the downtrend and causing a short term rally to fail right at the 50 day MA:
Another big mover was the long term Treasury market which moved up in price (down [...]
Commodity speculation is in the news again. The Obama version of the CFTC is apparently about to issue a report blaming the volatility of oil prices on “index speculators” (via Market Watch):
Speculators’ index trading is “creating price disruptions for producers and consumers,” said Sen. Carl Levin, D-Mich., late last month after the release of a [...]
I use technical analysis as one tool among many. For the last week, I’ve heard so much about the developing head and shoulders formation in the S&P 500 that CNBC sounds like a shampoo commercial. For those less technically inclined, here’s what all the babble is about:
What does it mean? Not much yet, but chartists look at [...]
Crude oil has been on a tear in the last two weeks, bouncing off its lows set in mid-February by more than 23%:
The light crude oil index has broken the 50-day moving average, and has successfully stayed above it despite extreme selling pressure in the equity markets. Crude oil has outperformed large cap stocks by a [...]
