NQ leads the charge, but it remains of the light variety as ES shows little enthusiasm thanks to falling energy. Most of the SPX earnings growth the past year has been in that sector so it is no suprise. QM did not quite hit S1 and it seesm content to find support at a level the November contract briefly did.
Gold does a remarkable job of staying afloat given the QM drop but the dollar is struggling against the Euro and that is helping. The ex-trendline resistance from May, now support, was where gold found a strong footing.
Remember that this is the last day of the month and mutual fund year-end at that, so don't take too much at heart.
Gold does a remarkable job of staying afloat given the QM drop but the dollar is struggling against the Euro and that is helping. The ex-trendline resistance from May, now support, was where gold found a strong footing.
Remember that this is the last day of the month and mutual fund year-end at that, so don't take too much at heart.
This entry was posted
on Tuesday, October 31, 2006 at 7:03 AM.
