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1 6 September 21, 2008- Content Updated Daily RSS FEEDS 4 Darrell Jobman The dollar dipped sharply in European trading on Thursday with a retreat to lows around 1.4540. Global central banks responded to the serious market stresses with substantial injections of funds into money markets totalling around US$180bn. The heavy allocation of funds initially weakened the US currency, but there was further evidence of robust dollar demand which helped the currency recover ground. The dollar will still tend to be undermined by a lack of confidence in the US financial markets and economy. In addition, the yields on money-market instruments is at very low levels which will erode support. Read More » 4 Jim Wyckoff October crude oil closed up $0.74 at $97.90 a barrel yesterday. Prices closed nearer the session low yesterday. More short covering in a bear market and bottom-picking buying supported crude oil yesterday. Bears still have the overall near-term technical advantage amid no technical clues that a market bottom is in place. The next upside price objective for the crude oil bulls is to produce a close above what is now major psychological resistance at $100.00. Read More » 2 Robert W. Colby Stock Market: Reports, rumors, speculation, and news are disrupting orderly markets, making for an uncertain, high-risk trading environment. Reports and speculation sparked much short covering on Thursday. The stock market has been oversold, so a further bounce could be possible, although far from certain. It seems impossible to confidently assess what news or rumor might hit next. The Small Cap/Large Cap Relative Strength Ratio jumped up to a 21-year high, confirming a Bullish major uptrend. Read More » 3 Kevin Klombies On Vacation Leave Next commentary expected Monday, September 22, 2008. While he is away, please feel free to view his archives. Read More » Register Front Page News Cyber Crooks On The Prowl Amid Financial Turmoil Sunday, September 21, 2008 1:01:10 AM - With consumers suddenly fearful of the banking industry`s stability, online criminals are sure to try to capitalize with all-too-common phishing attacks. Hurricanes, earthquakes, stimulus checks and other major worldwide events have been used by cyber-crooks and experts fear this week`s banking crisis will be next. Full Circle: How The Markets Went From Deregulation To Super Regulation In One Week Saturday, September 20, 2008 12:45:40 PM - The final numbers betray what was one of the wildest weeks in the history of Wall Street: The Dow closed up 0.3 percent on the week, the S&P also up 0.3 percent and the Nasdaq up 0.6 percent. President Bush Asks Congress To Approve $700 Billion Financial Rescue Plan Saturday, September 20, 2008 12:30:08 PM - President George W Bush Saturday morning asked Congress to approve an historic bailout package to buy up bad mortgages from beleaguered US financial institutions. Divide Evident Over Financial Fix, Despite Pledges Of Bipartisanship Friday, September 19, 2008 10:42:55 PM - Despite Thursday night`s pledges of bipartisanship in solving the current economic crisis, some fault lines have already begun to show in the cooperative spirit in Washington. Previous Next © RTTNews.com more UP-TO-DATE MARKET NEWS » x x Byrne David Byrne Chart of the Day After posting a low of 4836 in this December contract we pushed on to post a high of 5169.5. The latest leg down that started on the 2nd of September has a 38.2 Fibonacci Retracement level at 5162 so another good day will have reversed the shorter term trend. Read More» x John J. Murphy Important Rules of Technical Trading "Here are some rules that are designed to help explain the whole idea of technical trading for the beginner and to streamline the trading methodology for the more experienced practitioner." Read More» As seen in Forbes Magazine - Robert W. Colby's weekly Top 10 ETF Rankings "My weekly Top 10 ETFs ranked by the Major Trend Relative Strength gained substantially more than the S&P 500 since August, 2004, in simulation." Read More » x How to Profit From a Good Read Presenter: Elizabeth Versace, VantagePoint User Find out how a legacy VantagePoint user employs the Daily Report in her daily trading regimine. Watch Webinar Other Webinars» ADVERTISING Get FREE up to date FOREX forecasts. Click Here Want to learn how to forecast market moves ahead of time? How does nearly 80% accurate sound? Click here to learn how. |
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