Oil fell today. Down $2.69 to $124.08pb.
Gold rose today to $922.70po. Up $10.40po on the session.
Dow lost ground today to 11,378.02. Down 205.67 points.
As the GDP number and the Jobless Claim numbers failed to impress this morning, the Dow open over 100 points down. By 11:30am it had cut its losses to 65 points down. But in the last hour of trading the Dow lost over 100 points.
http://www.bloomberg.com/markets/ecalendar/index.html
By 10am EST 100% of all economic data will be out tomorrow. With the VIX up over 8% today, to 22.94, you can bet the market might be dancing tomorrow.
Tomorrow is a difficult day, depending on how the Market digest the news.
Due to the fact that tomorrow is Friday and people may be liquidating positions prior to the weekend, I would have to say the economic data better be strong or else face the sell off.
Good Fortune from Trade Equity!!!
Thursday, July 31, 2008
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