Day Trading – The Bullz And Bearz
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Dollar, Treasuries Rise After Last Week’s Rough Ride
June 15th, 2009
Overnight the dollar and treasuries have been on the rise. Both really have been beaten down pretty bad of the last couple of weeks to some major support levels. So, naturally this looks like a technical bounce if anything. I don’t have a position in either, but the dollar could help drive Oil prices lower which would help some of Member’s positions. Looking at the TLT below which tracks treasuries, you can see that it’s been really beaten down for practically all of 2009. But recently (in green) it’s had some very strong days and on very high volume too. Could this be the next bottom for treasuries? Or at least short term? I think so.
The pre-market futures were down about 1% this morning. It’s already been a busy morning in the market, but we still need to break the 925 level in green on on the S&P 500 chart below before things really get going for the bearz. Watch this level today like a hawk everyone!
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Today's Live Market Quotes & Charts
| NASDAQ | 2904.08 | ||||
| S&P 500 | 1347.05 | ||||
| ^TNX | 1.97 | ||||
| ^XAU | 199.29 | ||||
| ^XOI | 1318.98 | ||||
| GDX | 55.88 | ||||
| OIH | 130.56 | ||||
| GLD | 169.70 | ||||
| ERY | 9.34 | ||||
| FAZ | 26.29 | ||||
| USO | 37.95 | ||||
| CMD | 52.00 | ||||
| EDZ | 12.62 | ||||
| EEM | 43.60 | ||||
| XLE | 74.02 |
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