Archive for the 'Markets at a Glance' Category

Lower Equity Markets

Friday, April 27th, 2007

The equity markets started out in a weak fashion following the weaker than expected first quarter GDP numbers. Currently, the NYSE volume ratio is indicating selling pressure while the NASDAQ volume ratio is more neutral.

The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity index derivative products are flashing neutral […]

Mixed Equity Markets

Thursday, April 26th, 2007

Following yesterday’s rally and headline news detailing the Dow’s close above 13,000, the markets today are taking a break. So far, the NYSE and the NASDAQ volume ratios are indicating two-way markets with tech showing signs of some light buying.

The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity index […]

Strong Start to Equities, However…

Friday, April 20th, 2007

Equities opened sharply higher in reaction to better than expected earnings reports. However, it looks like traders are taking profits into the early morning strength based on the declining NYSE and NASDAQ volume ratios, albeit from very high levels.

The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity index derivative […]

Equities Pullback on Overseas Selling

Thursday, April 19th, 2007

Traders initially came out hitting bids due to selling in the Far East markets. The NYSE volume ratio and the NASDAQ volume ratio were weak, but are starting to climb.

The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity index derivative products are mixed. The RSI readings for the e-mini […]

Equities Consolidate Recent Gains

Wednesday, April 18th, 2007

Following a weak opening, the equity markets are climbing. At the moment, the S&P 500 is in positive territory while the NASDAQ 100 is still trading down for the day. The NYSE volume ratio and the NASDAQ volume ratio are neutral at best.
The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for […]

Equities Rise Again, However…

Tuesday, April 17th, 2007

Again, the equity markets are moving higher today due to good earnings, and better than expected housing starts and CPI data. However, the NYSE volume ratio and the NASDAQ volume ratio are not as strong as yesterday, which indicates the buying is not widespread.

The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars […]

S&P 500 Makes New Highs for the Year

Monday, April 16th, 2007

The equity markets are moving higher today due to M&A activity, good earnings reports, and positive economic news. The NYSE volume ratio and the NASDAQ volume ratio are indicating broad based buying.

The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity index derivative products are indicating strong upward […]

Equities are Mixed this Friday

Friday, April 13th, 2007

The equity markets are mixed today with the S&P 500 in positive territory, while the NASDAQ is in negative territory. Crude is up and Treasuries are down. The NYSE volume ratio and the NASDAQ volume ratio are indicating two-way markets.

The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity index […]

Equities Rise, Lead by Tech

Thursday, April 12th, 2007

The equity markets are climbing, and the buying is led by technology, which is a positive sign. The NYSE volume ratio is showing signs of moderate buying pressure, while the NASDAQ volume ratio is more positive.

The late-morning RSI readings from the CQG Custom QuoteBoard using 15-minute bars for the equity index derivative products are indicating […]

Rising Oil Prices Turns Equity Traders Negative

Wednesday, April 11th, 2007

Weekly gasoline inventories fell more than expected and crude started climbing. This, and the fact the equity market was looking vulnerable to a pull back has brought out the sellers. Treasuries are climbing as equities fall. Both the NYSE volume ratio and the NASDAQ volume ratio are indicating sellers are in control.

The late-morning RSI readings […]

Thom Hartle’s View of Trading and the Financial Markets