Live Business Chat
2015 Oct 08, 03:52:53 pm *
Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
News: Several registration problems were fixed on 2015-03-17, including one potential account security issue. If you had difficulty registering before that date, please try again, and contact badon in the business chat if it doesn't work for you. Hotmail is having problems, so try another email service if you never receive any activation or notification emails from the forum. If you succeeded in registering before 2015-03-17, it is recommended that you login and change your password immediately on your profile page using the Account Related Settings link.
   Home   Help Search Calendar Login Register  
Pages: [1]   Go Down
Author Topic: Market Commentary - Jan 24, 2011  (Read 744 times)
0 Members and 1 Guest are viewing this topic.
Capitalist Pig
Offline Offline

Posts: 17830

« on: 2011 Jan 24, 09:44:04 pm »

Another day, another slew of earnings. That's the way it goes during earnings season. There didn't seem to be any huge surprises today in the earnings reports, but tomorrow promises to be fun with the release of the Case-Shiller index for housing prices through November, 2010. The VIX continues to bounce off its double-bottom, and the Dow is reaching for 12,000.

Let's look at the numbers for today:

US Dollar ETFGoldSilverDow 30S&P 500
22.4-0.22%  1303.60-0.51%  26.85-1.83%  11,980.52+0.92%  1,290.84+0.58% 

I have to say, the long term picture is shaping up to be very interesting. The dollar is falling after hitting heavy resistance, the broad markets are up but on very little volume, and the volatility index is very low. This combination generally spells trouble. Chances are good that we will see a sizable market correction in the next couple of months. Hopefully without any flash crashes.

Happy trading!

Neal McSpadden
Get Coin Investments List Updates Here
The Primal Prepper - my blog about preparing for the worst while living the best
Pages: [1]   Go Up
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.18 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!
Page created in 0.032 seconds with 18 queries.