The US stock market

[ilearn2t]

Hello Everyone

Late sell offs seen the NASDAQ go into the "Red" dropping to a "Low" (4,275.61) before recovering slightly to (4308.12) -10.81 (-0.25%) at the "End of trading".

Both the Dow (16321.71 +49.06 +0.30%) & S&P 500 (1859.45 +5.16 +0.28%) ended the day back in the Green after they too seen late sell offs late in the day.

Gold in New York, which normally sets price trend on the domestic front, fell by 0.8 per cent to (1,321.60), while over at London, Bloomberg News and other outlets report that the "London gold fix", the benchmark used by miners, jewelers and central banks around the world to value the precious metal, may have been manipulated for a decade by the banks setting it. Unusual trading patterns around 3pm GMT, when the afternoon fix is set on a private conference call among five of the biggest gold dealers, are a sign of collusive behavior and should be investigated, according to a draft research paper.

Update:

Gold opened at 1334 and moved to a 5 month "High" (1349.98) as the world wait and watch the crisis unfold in the Crimea, increasing the demand for a safe-haven.

Current price: 1344.56


Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

All three markets show in the "Red" on the futures market with 4 hours remaining to the "Open Bell" as the crisis in Ukraine sends a chill through global markets.

Value of the index (Fair value) as follows.

Dow (-101.00) FV (-101.71)
S&P500 (-14.00) FV (-14.10)
NASDAQ (-28.50) FV (-28.35)

Gold Current: 1344.27

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

Breaking BBC News:

Russia's Black Sea Fleet has given Ukrainian forces in Crimea until 5:00 local time (03:00 GMT) on Tuesday to surrender or face an all-out assault, according to Ukrainian defence ministry sources quoted by Interfax-Ukraine news agency. "If by 5am tomorrow morning they do not surrender a real assault will begin on units and sections of the Ukrainian armed forces all over Crimea," defence ministry officials are quoted as saying. So far there is no further confirmation of the ultimatum from other sources.

Current Gold price: 1353.21 as the Dow, S&P 500 and Nasdaq all sit around -1% on the day.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

After yesterdays sell offs while tensions in Ukraine and Russia escalated, this mornings uneasy clam in the region seems to have settled investors nerves a bit, with most world "Stock markets" & "Major" currencies showing in the "Green".

Yesterdays close:

The Dow Jones Global Indexes: 16168.03 -153.68 (-0.94%).

The S&P 500 Index: Open 1845.73 -13.72 (-0.74%).

Nasdaq Composite Index: Open 4277.30 -30.82 (-0.74%).

Gold has eased off yesterdays uptrend to currently stand at 1338.25 (Open 1349.29 High 1352.40 Low 1336.82) Daily chart.

Major currencies:

EUR/USD 1.3755 +21
GBP/USD 1.6697 +32
AUD/USD 0.8968 +38
USD/CHF 0.8837 +6
USD/JPY 101.77 +34
USD/CAD 1.1088 +12

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

All three markets show back in the "Green" on the futures market with 2.5 hours remaining to the "Open Bell" with the S&P 500 on course once again to hit the 1860 level and beyond.

Value of the index (Fair value) as follows.

Dow (+164.00) FV (+157.97)
S&P500 (+19.25) FV (+18.32)
NASDAQ (+41.50) FV (+42.48)

Gold Current: 1340.21

Good luck
ilearn2t

 

[RahmanSL]

Hi Liz.....as usual, your info on the US market are most helpful in trading the forex.

But as you know I trade almost exclusively on the AUD/USD & EUR/AUD and, as such, would appreciate info on what's on your indicator on these two pairs.
P/S Would appreciate further still if you can most that on my thread for easy reference

Thank you my friend and all the best.

 

[ilearn2t]

Hello Everyone

All 3 main players open in the "Green" and already S&P 500 break another new record high.

Dow 16349.97 +181.94 +1.13%
Nasdaq 4335.05 +57.75 +1.35%
S&P 500 1866.12 +20.39 +1.10%

GOLD 1334.12 is the main loser in this round of will they won't they (Ukraine) crisis, as it wipe outs all of yesterdays gains.

Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

The Dow pushed towards its 52-Week High (16,588.25) last seen on 31/Dec/2013 hitting a High (16,419.49) late on in the day, as all 3 stock markets surge on Ukraine tension easing, S&P 500 breaks its 52-Week High High (1,876.04) as it posts another all-time High, Nasdaq breaks its 52-Week High High (4,357.11).

The Dow Jones Global Indexes: 16395.88 +227.85 (+1.41%).

The S&P 500 Index: Open 1873.91 +28.18 (+1.53%).

Nasdaq Composite Index: Open 4351.97 +74.67 (+1.75%).

Gold currently shows down at 1335.05 (Open 1349.29 High 1352.40 Low 1331.11).


Good luck
ilearn2t

 

[ilearn2t]

Hello Everyone

After a bumper day yesterday all 3 player seem to be resting on a "Mixed" futures market with just over 2 hours remaining to the "Open Bell", with the Dow looking for around 192.00 points to reach its own 52-Week-High on 31/Dec/2013, S&P 500 "Closing" at another all-time "High" means its only got to see "Green" and its off making more records, today should begin with a bang as the US ADP Non-Farm Employment Change, (1.15 GMT) is expected to increase by only 150,000 in February following a 175,000 gain the month prior, but these "Forecast" have been incorrect 8 times now in the last 15 occasions.

Value of the index (Fair value) as follows.

Dow (+1.00) FV (+0.12)
S&P500 (-0.25) FV (-0.91)
NASDAQ (+2.20) FV (-0.38)

After the ups & downs of the last few days, Gold looks like it is also having a break, but still on course for a 5 week "Closing" upward trend, Current: 1335.76

Good luck
ilearn2t

 

[RahmanSL]

Agreed with you 101% Liz