AAPL is driving the NDX and CAT is the bulk of the Dow Industrial rally. When stock markets become this narrowly driven on thin volumes it is generally a sign of window dressing, or tape painting, and a decline to come since the foundations are not based on sound investment but mere speculation and price manipulation. This week is the end of month and quarter for the hedge funds.
27 September 2010
SP 500 and NDX December Futures
AAPL is driving the NDX and CAT is the bulk of the Dow Industrial rally. When stock markets become this narrowly driven on thin volumes it is generally a sign of window dressing, or tape painting, and a decline to come since the foundations are not based on sound investment but mere speculation and price manipulation. This week is the end of month and quarter for the hedge funds.
Category:
NDX Daily Chart,
SP Daily Chart
Gold Daily Chart - Bullion Pauses for Option Expiration
Relatively modest attempt to take gold and silver down for October option expiration. Physical bullion buying is gaining resilience against paper market antics.
Category:
gold daily chart
Subscribe to:
Comments (Atom)
