Thursday, September 24, 2009

Technical Picture - Bears Own It

A sharp bounce in the $USD and much weaker than expected existing homes sales data, gave the bears the fuel they needed to push prices lower on high volume for a second consecutive session. Next support level around $104.00 - will it hold on closing basis tomorrow?

After hours, RIMM beat by $0.03 and issued in line guidance. As noted last night, that wouldn't cut it this time round and the stock was crushed after hours, leaving the daily chart completely broken.

$USD versus $CAD

DOW transports approaching critical test of trendline near-term.


1 comment:

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