Oil closed at $118.58pb today. Down .59pb on the session.
Gold closed at $883.00po. Down $3.10po today.
Dow finished the session at 11,656.07points. Up a total of 40.3 points today.
Tomorrows fundamentals look like this.
http://www.bloomberg.com/markets/ecalendar/index.html
Thursday should open lower if the current status of the futures point correctly
(Dow Futures 63 points down @ 1130pmEST)
11700 is a solid resistance point for the Dow to pass. In the next couple days we might either see it pass that point of turn back and head South on bad new in the Financials or higher commodity or oil prices.
South Korea surprisingly raised rates today. As a key trade partner, this will have a negative effect toward the USD.
AIG dissapointed the street by the reporting a $5.36 billion quarterly net loss.
This might make the market wonder what else is out there for other large institution s to show.
Good Fortune from Trade Equity!!!
Wednesday, August 6, 2008
Monday, August 4, 2008
FOMC Tuesday, Dollar Heading South Short Term?
Oil was down today to $121.41pb. $3.69pb off the open.
Gold closed down on the session. $907.90po was the closing price. Losing $9.60po today.
Dow was down 42.17 points this afternoon. With the Dow closing at 11,284.15.
The FOMC talk is tomorrow. Our guess is that if they do not raise rates, which I believe is measured at less than a 5% chance currently,the dollar will most likely drop in value. This
The economic calendar for tomorrow is below.
http://www.bloomberg.com/markets/ecalendar/index.html
The commodities took a hard blow today. They were the biggest losers for sure.
Watching the DBA and the JJG for the agricultural pricing outlook in coordination with the fertilizer group and the railroads, you can grab a sneek peak of what might be coming down the pike.
Keep an eye out for Iran or a hurricane to spark a renewed interest in energy.
Don't get caught in a value trap, but as long as the trend is going down, I am going to try to list the largest price losers for the day.
WCI WCI Communities Inc 0.66 Aug 4 Down 0.60 (47.62%)
TRNS TRANSCAT INC 6.5050 Aug 4 Down 2.1950 (25.23%)
LDL Lydall, Inc. 11.81 Aug 4 Down 3.86 (24.63%)
RAIL FREIGHTCAR AMERICA, 27.94 Aug 4 Down 8.19 (22.67%)
USATP USA TECHNOLOGIES PFD 9.00 Aug 4 Down 2.50 (21.74%)
MTMC MTM TECHNOLOGIES 2.00 Aug 4 Down 0.50 (20.00%)
CHIC CHARLOTTE RUSSE HL 10.49 Aug 4 Down 2.45 (18.93%)
WGA WELLS GARDNER ELCTS 1.20 Aug 4 Down 0.28 (18.92%)
TUTR PLATO LEARNING INC 2.19 Aug 4 Down 0.50 (18.59%)
LBY Libbey Inc. 8.23 Aug 4 Down 1.86 (18.43%)
NRVN NATURE VISION INC 1.05 Aug 4 Down 0.24 (18.35%)
EDEN EDEN BIOSCIENCE CP 1.30 Aug 4 Down 0.29 (18.24%)
FCAL FIRST CALIFORNIA FIN 6.5450 Aug 4 Down 1.4550 (18.19%)
SBLKW STAR BULK CARRIERS 2.2690 Aug 4 Down 0.5010 (18.09%)
ORS ORSUS XELENT TECHS 1.16 Aug 4 Down 0.25 (17.73%)
WLT Walter Industries Inc 86.52 Aug 4 Down 18.13 (17.32%)
JAG JAGUAR MINING INC 8.13 Aug 4 Down 1.67 (17.04%)
HILL DOT HILL SYS CORP 2.22 Aug 4 Down 0.45 (16.85%)
BUCY BUCYRUS INTL INC 58.25 Aug 4 Down 11.39 (16.36%)
VIAP VIA PHARMACEUTICALS 1.55 Aug 4 Down 0.30 (16.22%)
NBBC NEWBRIDGE BANCORP 7.08 Aug 4 Down 1.36 (16.11%)
ATLO AMES NATL CORP 19.49 Aug 4 Down 3.68 (15.88%)
FBMI FIRSTBANK CORP 9.77 Aug 4 Down 1.84 (15.85%)
USS U.S. Shipping Partners LP 2.24 Aug 4 Down 0.42
FOOD Vaughan Foods, Inc. 1.60 Aug 4 Down 0.30 (15.79%)
Good Fortune from Trade Equity!!!
Gold closed down on the session. $907.90po was the closing price. Losing $9.60po today.
Dow was down 42.17 points this afternoon. With the Dow closing at 11,284.15.
The FOMC talk is tomorrow. Our guess is that if they do not raise rates, which I believe is measured at less than a 5% chance currently,the dollar will most likely drop in value. This
The economic calendar for tomorrow is below.
http://www.bloomberg.com/markets/ecalendar/index.html
The commodities took a hard blow today. They were the biggest losers for sure.
Watching the DBA and the JJG for the agricultural pricing outlook in coordination with the fertilizer group and the railroads, you can grab a sneek peak of what might be coming down the pike.
Keep an eye out for Iran or a hurricane to spark a renewed interest in energy.
Don't get caught in a value trap, but as long as the trend is going down, I am going to try to list the largest price losers for the day.
WCI WCI Communities Inc 0.66 Aug 4 Down 0.60 (47.62%)
TRNS TRANSCAT INC 6.5050 Aug 4 Down 2.1950 (25.23%)
LDL Lydall, Inc. 11.81 Aug 4 Down 3.86 (24.63%)
RAIL FREIGHTCAR AMERICA, 27.94 Aug 4 Down 8.19 (22.67%)
USATP USA TECHNOLOGIES PFD 9.00 Aug 4 Down 2.50 (21.74%)
MTMC MTM TECHNOLOGIES 2.00 Aug 4 Down 0.50 (20.00%)
CHIC CHARLOTTE RUSSE HL 10.49 Aug 4 Down 2.45 (18.93%)
WGA WELLS GARDNER ELCTS 1.20 Aug 4 Down 0.28 (18.92%)
TUTR PLATO LEARNING INC 2.19 Aug 4 Down 0.50 (18.59%)
LBY Libbey Inc. 8.23 Aug 4 Down 1.86 (18.43%)
NRVN NATURE VISION INC 1.05 Aug 4 Down 0.24 (18.35%)
EDEN EDEN BIOSCIENCE CP 1.30 Aug 4 Down 0.29 (18.24%)
FCAL FIRST CALIFORNIA FIN 6.5450 Aug 4 Down 1.4550 (18.19%)
SBLKW STAR BULK CARRIERS 2.2690 Aug 4 Down 0.5010 (18.09%)
ORS ORSUS XELENT TECHS 1.16 Aug 4 Down 0.25 (17.73%)
WLT Walter Industries Inc 86.52 Aug 4 Down 18.13 (17.32%)
JAG JAGUAR MINING INC 8.13 Aug 4 Down 1.67 (17.04%)
HILL DOT HILL SYS CORP 2.22 Aug 4 Down 0.45 (16.85%)
BUCY BUCYRUS INTL INC 58.25 Aug 4 Down 11.39 (16.36%)
VIAP VIA PHARMACEUTICALS 1.55 Aug 4 Down 0.30 (16.22%)
NBBC NEWBRIDGE BANCORP 7.08 Aug 4 Down 1.36 (16.11%)
ATLO AMES NATL CORP 19.49 Aug 4 Down 3.68 (15.88%)
FBMI FIRSTBANK CORP 9.77 Aug 4 Down 1.84 (15.85%)
USS U.S. Shipping Partners LP 2.24 Aug 4 Down 0.42
FOOD Vaughan Foods, Inc. 1.60 Aug 4 Down 0.30 (15.79%)
Good Fortune from Trade Equity!!!
Friday, August 1, 2008
Fridays Sideways.....til Tuesdays FOMC
Oil was up on new Friday to $125.10pb. Up $1.02 for Fridays session.
Gold was down Friday to $917.50po. A drop of $5.20po.
Dow finished at the 11,326.32 level on Friday. Down 51.70 points.
What a day! I can only hope the weekend doesn't move as "sideways" as Friday did.
It looks like things might remain quiet until Tuesday when the FOMC announces "no interest rate move".
Everyone was watching the Oil Market today due to the comment from the Israeli Deputy Prime Minister Shaul Mofaz while speaking to a Washington audience today. Mofaz stated that Iran was close to a ``major breakthrough'' in its nuclear development effort that poses an ``unacceptable'' danger.
There is a deadline for the Iran Goverment to respond on Saturday. Their response could significantly move the Oil market higher on Monday if the Market feels threatened by their response.
The economic calendar here tells you the numbers that come out on Monday.
http://www.bloomberg.com/markets/ecalendar/index.html
This is a great video that offers insight to what the next leg down might look like.
Good Fortune from Trade Equity!!!
Gold was down Friday to $917.50po. A drop of $5.20po.
Dow finished at the 11,326.32 level on Friday. Down 51.70 points.
What a day! I can only hope the weekend doesn't move as "sideways" as Friday did.
It looks like things might remain quiet until Tuesday when the FOMC announces "no interest rate move".
Everyone was watching the Oil Market today due to the comment from the Israeli Deputy Prime Minister Shaul Mofaz while speaking to a Washington audience today. Mofaz stated that Iran was close to a ``major breakthrough'' in its nuclear development effort that poses an ``unacceptable'' danger.
There is a deadline for the Iran Goverment to respond on Saturday. Their response could significantly move the Oil market higher on Monday if the Market feels threatened by their response.
The economic calendar here tells you the numbers that come out on Monday.
http://www.bloomberg.com/markets/ecalendar/index.html
This is a great video that offers insight to what the next leg down might look like.
Good Fortune from Trade Equity!!!
Subscribe to:
Posts (Atom)
