On NYSE - Ouch, down a couple of pennies to open the week. Low volume through noon, less than 100k, so likely not manipulation to squeeze out shares. But, some noon time buying with 200k moving just moments ago. So volume about 300k now. Daily techs still Bearish and a part of the down cycle which still has a bit to go. Obv was showing accumulation - until today. But, again, volume is low until the nooner. The more things have changed, the more it has all remained the same. Still awaiting news for possible upside.
S&P500 showing upside. Just another Mutual Fund Monday. Market going into a fourth week of upside and technicals are quite Bullish for S&P and Dow. Fib numbers may show up and turn this into a down week, so be aware. Russell 2k appear to be peaking. Market has Banks getting hammered on, Miners mixed, Big Oil up, NatGas mixed, Shipping mostly up, Recessproofers up. Diversify and get into high yielders to soften any downside.
Gold seeing some profit taking today after a significant Friday pop. Overnight saw some down trend until Sydney closed. Then a short time of upside until London opened, where the trend has turned to profit taking. GLD techs show sp going up, while the Daily OBV was going down. Now holding above $1200, but for how long?
Hope all had a good weekend.
