Intraday Market Thoughts
Archived IMT (2009.10.01)
by
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 http://bit.ly/apkTz (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 http://bit.ly/Ln0cM
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