The Market was quiet today until around 1pm EST. Then the VIX kicked in and we start to move. The morning was 20 up and the 20 down on the Dow. But soon we came to understand the day, that the 50's were it today while heading South.
From open and shooting up to 12554.05 by 10:30am EST. Then passing the 12342.12 mark by 2:30pm EST. And finally touching the 12450 level to finish dramatically in the last 10 minutes of the day at 12402.85. The Dow finishing down 101. We look for it to get darker before we see the sunshine.
The story in our camp today was oil. It started to break down today, finishing the session over $3.30 down on the day.
Check this 3 day chart of the Crude Oil out.
http://charts.barchart.com/chart.asp?sym=CBN8&data=Z30&jav=adv&vol=Y&divd=Y&evnt=adv&grid=Y&late=y&code=BSTK&org=stk&fix=
Wednesday, June 4, 2008
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