19 May 2011
SP 500 and NDX Futures Daily Charts
No breakouts, stocks remain in a short term downtrend.
LinkedIn IPO came into the market today, and it was bubblicious.
GAP slashed its outlook after the bell on rising costs.
Dominique Strauss-Kahn was granted bail, with a form of house arrest while he awaits trial.
Category:
NDX Daily Chart,
SP Daily Chart
18 May 2011
Gold Daily and Silver Weekly Charts
So far the support levels are holding well.
Let's see how the rest of the week goes. Overhead resistance is key here.
Category:
gold daily chart,
silver weekly chart
SP 500 and NDX Futures Daily Charts
The Street was supporting stocks for the LinkedIn IPO which was priced today after the close at the high end of the range. This is supposed to be a bellwether for the social networking IPO market which is a plum for the pigmen to sell at high valuations.
Although LinkedIn is hardly like Facebook, nevertheless it is viewed as important revenue wise for those who run the retail side of Wall Street.
Category:
NDX Daily Chart,
SP Daily Chart
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