Intraday Market Thoughts
Archived IMT (2010.10.11)
by
Oct 11, 2010 18:56
THREE YEARS AGO THIS WEEK, the S&P500, Dow-30 and FTSE-100 hit their all time highs. Oct 5 showing http://chart.ly/ljlsiyj Today, all 3 indices are at their 6-7 month highs, with the 200-week MA testing by the Dow-30, broken by the FTSE-100 but not yet attained by the S&P500, which is about 2.3% below its average. US indices could well extend another 5% with the help of decent US earnings and anticipation of further QE from the Fed. EURUSD uptrend remains robust as long as Sept 10 trendline holds at $1.3850s i.e. NO NEW CLOSE below $1.3840. I will be travelling again this week so updates will be LESS FREQUENT than usual. FOLLOW ME ON TWITTER for quick/brief updates/analysis http://twitter.com/alaidi
Latest IMTs
-
Copper Broke, Time to Worry?
by Ashraf Laidi | Sep 28, 2023 12:22
-
Inflection points in Gold إنعطافات الذهب
by Ashraf Laidi | Sep 22, 2023 18:25
-
GBP Does it again عملها مرة أخرى
by Ashraf Laidi | Sep 20, 2023 13:19
-
ندوة أوربكس الآن مع أشرف العايدي
by Ashraf Laidi | Sep 19, 2023 18:43
-
Gold & CPI Scenarios الذهب والسيناريوهات
by Ashraf Laidi | Sep 15, 2023 12:11