Intraday Market Thoughts
Archived IMT (2010.06.04)
by
Jun 4, 2010 2:23
200-DAY MA RESISTANCE. And once again 1107 in S&P500 and 10290 in the Dow-30 continue to hold as key ceilings for nearly 2 weeks, representing the 200-day moving averages. Last Friday, these levels were abt to break only for the Fitch downgrade of Spain to stand in the way. Could todays jobs report be the catalyst preventing these two indices from closing above their 20-day MAs? US ADP May payrolls rose 55K (vs expected +70K) following a revised 65K in April from 32K but continuing jobless rose by 31K to 4.7 The employment component of the services ISM did regain the 50 level. YESTERDAYs USDJPY CHART remains on the way up http://chart.ly/8nv646
Latest IMTs
-
محتوى بوصلة السوق من العائد الى الذهب و الناسداك
by Ashraf Laidi | Mar 20, 2024 12:42
-
BTC Needs Powell Correction بيتكوين بحاجة الى تصحيح
by Ashraf Laidi | Mar 18, 2024 17:20
-
Not once, twice, but six ستة مرات ليس صدفة
by Ashraf Laidi | Mar 13, 2024 10:07
-
Finding 88K Bitcoin كيفية الوصول الى
by Ashraf Laidi | Mar 4, 2024 12:21
-
شراء بيتكوين وصل الى عشر أضعاف الإنتاج
by Ashraf Laidi | Feb 29, 2024 9:17