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The Dow Jones industrial average fell 107.24 points, or 1.0 percent, to close at 10,340.69.
Broader
indexes also fell, making for a weak start to a week shortened by the
Labor Day holiday on Monday. The Standard & Poor's 500 index lost
12.67, or 1.1 percent, to 1,091.84, while the Nasdaq composite index
fell 24.86, or 1.1 ...
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Oil prices fell to near $74 a barrel Tuesday in Asia as investors mull the strength of the U.S. economy and demand for crude.
Benchmark oil for October delivery was down 83 cents
at $73.77 a barrel at late afternoon Singapore time in electronic
trading on the New York Mercantile Exchange.
The contract last settled on ...
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TREND MOMENTUM COMMENT Long-term 2 of 2 are SELL
Intermediate 2 of 3 are BUY ...
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The bottom line, the short-term trend is up but I hold no position
overnight as I see very strange, well, scary to me, things today: The
CPCI (index put call ratio) skyrocketed high. To me (I don’t care if
it’s a single trade or a data error or a couple of months later put
which could be bullish, etc etc), this means ...
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09/02/2010 Market Recap: Pullback?
TREND MOMENTUM COMMENT Long-term 2 of 2 are SELL
Intermediate ...
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Crude oil fell after an index of
U.S. non-manufacturing business declined more than projected,
bolstering concern that the economic rebound will slow.
Futures slipped after the Institute for Supply Management’s
index, which covers about 90 percent of the economy, fell to
51.5 in August from 54.3 the prior month. Economists ...
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Oil prices rose above $72 a barrel Wednesday after a steep drop the
previous day amid evidence that U.S. crude supplies remain high and
demand weak.
By midday in Europe, benchmark crude for October
delivery was up 66 cents to $72.58 a barrel in electronic trading on the
New York Mercantile Exchange. The contract lost $2.78 to ...
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08/31/2010 Market Recap: One Day Up One Day Down?
TREND MOMENTUM COMMENT Long-term 2 of 2 are SELL
...
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The bottom line the short-term trend is down and I hold no short position overnight.
As for tomorrow, I don’t see any trick but since so far the seasonality worked pretty good (see 08/27 Market Recap), so I guess we might see an up day tomorrow according to the seasonality below: According to Stock Trader’s Almanac, the first ...
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Oil prices extended gains to rise above $73 a barrel Thursday in Asia as regional stock markets advanced and recent sharp losses in crude drew more buyers.
Benchmark crude for October delivery was up 72 cents
at $73.24 a barrel at late afternoon Kuala Lumpur time in electronic
trading on the New York Mercantile ...