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Huge jump in crude oil as hedge funds jump back in their favorite hedge. The May all time high is 135.10.
Huge jump in crude oil as hedge funds jump back in their favorite hedge. The May all time high is 135.10.
NQ lost 2043.75 and it was slippery after that, straight down to the key 2034.75 level. We have a rather large gap, bulls will do their best to get up there, but bears will be waiting on any bounce.
Semis are holding up a little thanks to the NSM numbers, but watch the 33 level for SMH. Trouble kicks in at 32.58.
I also noted yesterday that it was odd gold was down so much with the dollar drop and oil bid. Back to normal relationships as gold bounces over 20 points.
Corrected the previous post on ZN, obviously a jump above 115 is bearish for stocks (lots of fast typing...). It's yields sticking above 4% that helps bulls.
Semis are holding up a little thanks to the NSM numbers, but watch the 33 level for SMH. Trouble kicks in at 32.58.
I also noted yesterday that it was odd gold was down so much with the dollar drop and oil bid. Back to normal relationships as gold bounces over 20 points.
Corrected the previous post on ZN, obviously a jump above 115 is bearish for stocks (lots of fast typing...). It's yields sticking above 4% that helps bulls.
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on Friday, June 06, 2008 at 6/06/2008 09:31:00 AM.
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