Luna $ Ticks

November 3, 2008

The Rally Must Go On

Filed under: Trading SPX SPY — moontrader @ 8:18 am

Looks like the patriotic rally is indeed unraveling:

The odds of a bottom behind us are increasing, although VIX is still looming, in spite of its downtrend:

And Oil might go higher this week, which could be good for the stock market:

The Dolar seems to have reversed the downtrend against the Yen, same with Euro versus Dolar:

So, it looks like the market is showing the conditions for this rally to hold until the 6th or the 7th, which would be the dates I pointed in the previous post.


1 Comment »

  1. US Dollar holds strong and moved higher despite down to earth ISM manfuacturing number. USD will gain strength on expectations of (which is given) ECB makes a rate cut on Thursday. Flat day today. Hope 4th and 5th brings some cheer to market.

    Comment by Rainman — November 3, 2008 @ 4:40 pm | Reply

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