It looks like no one in the markets wants to commit and bring any of the indexes over their 50 dmas. Right now the 50 dmas seem to be pushing down the price.
David, I agree with your comments regarding the Vix- considering that everyone was looking for a bottom signal when it hit forty, how good is it if it touches 90? Having said that, I would have to say it is looking toppy- it even formed a double top last week. Of course I would never base my trading decisions solely on this one indicator.
It will be interesting to see how today plays out considering that next week is Thanksgiving and many people will be taking a vacation. Based on how the market is acting, would traders want to keep their positions opened over the weekend?
Paultat, I have to agree with you about the dollar. To me, it looks like it has come to far, to fast. The rise from the bottom looks hyperbolic. I think it will have to consolidate before it breaks through the 90-95 area.
Thursday Outlook: Commodities, Global Markets [View article]
Thursday Outlook: Commodities, Emerging Markets [View article]
Tuesday Outlook: Commodities, Emerging Markets [View article]
I agree with your comments regarding the Vix- considering that everyone was looking for a bottom signal when it hit forty, how good is it if it touches 90? Having said that, I would have to say it is looking toppy- it even formed a double top last week. Of course I would never base my trading decisions solely on this one indicator.
Friday Outlook: Commodities, Emerging Markets [View article]
Can Central Bankers Prevent a Great Depression? [View article]
Tuesday Outlook: Commodities, Emerging Markets [View article]
Paultat, I have to agree with you about the dollar. To me, it looks like it has come to far, to fast. The rise from the bottom looks hyperbolic. I think it will have to consolidate before it breaks through the 90-95 area.