The big indexes are in a descending channel, falling, .. below the 20 day moving average.
.
He .. as the big indexes go, so goes the market.
.
He .. the market has resistance above, and support below.
Yawn, we wait, and we watch.
.
.
Dollar/Gold/FX:
The dollar is resting, on the support of, .. the 50 day average.
He .. the dollar has a slight bias to the up side.
.
The gold miners have some relative strength, FX does not.
.
.
NEWS:
Russia and Saudi Arabia may have put to an end, to the oil price wars.
Price war ends, oil rallies.
.
.
NEWS:
The future price of oil.
Down.
.
He .. over supply, combined with alternative energy supplies coming on line, equals .. falling demand.
.
The talking heads say, the future price of crude oil .. is between 20 and 30 dollars a barrel.
.
He .. between then .. and now .. oil price can rally, on .. .. oil price fixing.
Market:
The big indexes are in a descending channel, falling, .. below the 20 day moving average.
.
He .. as the big indexes go, so goes the market.
.
He .. the market has resistance above, and support below.
Yawn, we wait, and we watch.
.
.
Dollar/Gold/FX:
The dollar is resting, on the support of, .. the 50 day average.
He .. the dollar has a slight bias to the up side.
.
The gold miners have some relative strength, FX does not.
.
.
NEWS:
Russia and Saudi Arabia may have put to an end, to the oil price wars.
Price war ends, oil rallies.
.
.
NEWS:
The future price of oil.
Down.
.
He .. over supply, combined with alternative energy supplies coming on line, equals .. falling demand.
.
The talking heads say, the future price of crude oil .. is between 20 and 30 dollars a barrel.
.
He .. between then .. and now .. oil price can rally, on .. .. oil price fixing.