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Natural Short Covering This Morning As I Expected
April 21st, 2009
I knew this was going to happen. Pre-market futures suggested a lower open, but I advised members this morning at around 8am that we could actually see a slightly higher day on some natural short covering. And, well, here we are up about 1% as of this writing. But again, this is very natural as markets don’t move straight up and down. On the chart of the DOW below, as long as we stay below 8,000 mark we should see some selling pick back up. My thinking is that today we end up but tomorrow we resume the fall. Let’s see how we end the day…
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Today's Live Market Quotes & Charts
02-03 17:30
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Today's Live Market Quotes & Charts
| NASDAQ | 2905.66 | ||||
| S&P 500 | 1344.90 | ||||
| ^TNX | 1.95 | ||||
| ^XAU | 200.34 | ||||
| ^XOI | 1295.01 | ||||
| EDZ | 12.38 | ||||
| UDN | 27.33 | ||||
| IWM | 82.95 | ||||
| EEV | 25.27 | ||||
| SKF | 46.76 | ||||
| UUP | 22.03 | ||||
| USO | 37.59 | ||||
| XLE | 72.77 | ||||
| IWB | 74.77 | ||||
| CMD | 52.74 |
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