* MARKET THEMES FROM THURSDAY: Stocks traded inwards their overnight hit on depression book early on inwards the day, simply buying pressure--as expressed yesteryear NYSE TICK--was consistently rigid through the day. That led to an upside breakout that took us to bull marketplace pose highs inwards the major indexes. This has been an unusually consistent rally, amongst enterprise advance-decline activity as well as buying interest. Indeed, the A/D lines for the major averages accept registered bull highs. The divulge of stocks registering fresh 20- as well as 65-day highs continues to ascent 24-hour interval over day, then that we're non getting whatever transition sell signals. We saw fresh lows inwards the USD vs euro today, simply interestingly we're non seeing novel highs inwards AUD/USD. Oil as well as gilded also did non brand novel highs for this movement today. I'll endure looking for signs that these markets, which led the recent stock marketplace pose rally, mightiness endure forewarning of roughly consolidation of those gains.
* OVERSEAS/OVERNIGHT NUMBERS: 3:00 AM CT - Italy, industrial production; 3:30 AM CT - UK, producer prices. Earnings reports scheduled for Fri here.
* WORTH READING:
-- What stories *aren't* beingness told inwards the media;
-- Worthwhile thoughts on trading gaps;
-- Unstable marketplace pose relationships, questioning moving average systems, and much more;
-- Thanks to Adam for this link to an manufacture persuasion of hedge funds;
-- Economy stronger, simply still facing headwinds;
-- Nice overview of recent forcefulness inwards the major indexes.
.
No comments:
Post a Comment