Intraday Market Thoughts

Archived IMT (2009.10.01)

by Ashraf Laidi
Oct 1, 2009 19:30

LAST WEEK WE TOLD YOU the S&P500 would need to track down to the level of falling oil to maintain its positive correlation. The gap left by the two has now been filled (due to rising oil and falling stocks) but with the VIX ABOUT TO CLOSE above the 100-day moving average for the first time since January 15th, falling stocks are here to stay and both stocks and oil are seen extending their downtrend as the Iran-Oil tensions abate. More INSIGHTS on INTERMARKET ANALYSIS ACROSS COMMODITIES & FX in Saturday's Webinar


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