Monday, April 11, 2005
Issue Contents:
| 09:26 | The Day Ahead Economic releases and news |
| 09:28 | TrendVue Trader Talk Today's Schedule |
| 16:15 | TrendVue Trader Talk Today's transcript. |
| 23:48 | Swing Scanner Results Monday April 11th closing data |
| 23:54 | Market Statistics For Monday April 11, 2005 |
Good morning, its Monday April 11th, the 101st day of 2005, and today there is no economic news worth reporting, only the fear of news to come later this week.
As noted over the weekend in Quick Take:Gold, this week the focus will again be on structural economic issues such as the trade deficit and current account gap. This morning the Greenback is down marginally again1 in advance of the news flow starting tomorrow.
Meanwhile Crude is trading lower again this morning, nearing the low of the range we’ve been stalking for the past few days. It remains to be seen whether lower oil alone will cause the market to rally, or merely trade sideways longer, as its been our observation over the past week or two that the upside in stock index futures has been rather limited as crude has dropped.
Still, index futures are poised for a gap up open from Friday’s close, although price will still be trading well within the lower 1/3 of Friday’s range. We’ll simply have to be prepared for anything, including perhaps one more day of chop.
1 Dollar Lower as U.S. Trade Data Looms
A couple of notes:
- TrendVue Trade Talk is running now, please log on.
- I have major dental surgery this afternoon and will be unavailable in the live chat after 2:30 pm ET today, back to the usual schedule tomorrow if all goes well.
Today's transcript.
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Monday April 11th closing data
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Statistics for Monday April 11, 2005
Note: Statistics are compiled based on our custom symbol universe of the most heavily traded stocks.
| Symbols in Up Swings | 305 |
|---|---|
| Symbols in Down Swings | 448 |
| Up/Down Swing Ratio | 0.68 : 1 |
| Advancers | 41% |
| Decliners | 57% |
| Unchanged | 2% |
| Up Bars | 14% |
| Down Bars | 64% |
| Inside Bars | 12% |
| Outside Bars | 6% |
| Close > 20EMA | 42% |
| Close > 50SMA | 37% |
| Close > 200SMA | 56% |
| 20EMA > 50SMA > 200SMA (trend up) | 29% |
| 20EMA < 50SMA < 200SMA (trend down) | 30% |