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Message: Just Another Market Monday

Just Another Market Monday

posted on Sep 14, 2009 11:35AM

On NYSE - KRY sp still following the current Gold spike of the last few trading days. Techs see 15min Bullish, 60min Bullish, and Daily Bullish. The VH article has not seemed to mess with sp at this time. But experience has shown that news takes a few days to get to sp.

Dow is down a touch awaiting Obama speech at Wall Street scheduled in about 35min. Bit of a sell off at open, but coming back as the Mutual Funds establish positions to keep up with all of their competition. 15 min Bullish, 60min Bearish, Daily Bullish and turning Bearish. Natural cycle has peaked, so looking for a bit of a downturn at this time. Market appears mixed throughout. S&P ever so slightly up at this time. Actually not Just Another Market Monday because of the President's visit.

Gold driven down overnight in HK and again at London open. As HK came to a close, Gold came back although not as high as on Friday, and currently a touch above $1k. Recently made a Higher-Low but a Lower-Hig, so today's run may be stalled.

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