David Stafford's  Instablog

David Stafford
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Student of markets, enjoys following their course.
My book:
Around the World in Several Pieces
  • Some Positive Energy Left. 0 comments
    Jun 7, 2012 5:17 AM

    Today's premarket data, doesn't include too much Green Lantern energy, but things are still looking relatively positive across most of the board.

    Spot Silver is up, but only up slightly at 29.31

    Good old RBOB is down slightly(1.33), and is now hovering around 267.7.

    The premarket equity indices are also looking somewhat positive this morning, perhaps they will pick up a little bit more steam closer to open, but who can say. At the moment their state is as follows;

    S&P is up 2.7

    Nasdaq is up 1.25,

    and the DJ is up 2.00 points.

    Thus things aren't as positive as yesterday, thus perhaps we'll have a positive start and a negative/neutral end, or just a positive start and a slightly positive end, perhaps news coming in about Europe or whatnot will add some directional momentum to the days trading.

    Yesterday was supposedly one of the better days in recent history concerning the S&P 500. This is perhaps kind of humorous given its undoubted causation, namely the works of the "Green Lantern" ;).

    Either way, if the market in general can be represented by the price changes in the price of silver, we should see a modestly up day today.

    I'm not sure if the spot price of silver is used to gauge the direction of the day commonly, it would be kind of fun if this were the case however.

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