Thursday, June 30, 2011

Market Recap 063011


No need to recap the market action today it's the same as yesterday and the day before: gap and go, unrelentless buying, weak dollar, window dressing, etc... they're jamming it.

SPY


QQQ


IWM


Dollar (DX_F)


Copper (HG_F)


Long Bond (ZB_F)


Crude (XOIL)


VIX


ATR (SPY)


McClellan Oscillator


JNK v. LQD

4 comments:

  1. The $IWM chart seems to line up for a possible rerun of the april 2011 runup and drop off like a cliff. What do you think?

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  2. I'm not sure if you can draw direct comparisons since we're now effectively QE-less, grinding through this Greek drama, in a political showdown over the debt ceiling but I think the higher probability is that we dip or pullback. How far and in what kind of fashion I couldn't say but tomorrow is the final day of the quarter so I"m not sure how funds are properly prepared for their window dressing.

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  3. The April 2011 was a bull trap day or a failed breakout. Next week we'll see if investors instantly turn risk averse. Great observation! ThanX for pointing it out.

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  4. Your welcome thanx for the kudos!

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