Market-Technicals

Financial Market Analysis

By Shawn R. Carpenter

Wednesday, June 10, 2009
  SPX, Dollar Index, 10 Year Yield, Gold & Silver
SPX: We have rallied from the lows, but is there real volume at these levels to justify higher prices? We are touching a major resistance level, hitting the lower level of the bearish channel formed in '07-'08. Caution here is needed!

Dollar Index: Double top formed, look for a slight rise then further weakness. RSI and MACD still look weak.

10 Year Yield: Look for higher rates in the near term. Speculation gov't might have to hike rates in order to stem inflationary pressures. RSI and MACD showing strong confirmation that higher rates are in store.
GOLD: Slight pullback then head higher.

SILVER: Price broke out of a pattern on volume confirmed some buying (See oval area). Look for higher prices from here.
 
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Market-Technicals is a Financial Market Trend and Research blog. Mainly utilizing technical analysis, the research composed is designed to capture market timing techniques, understanding how economic and political forces shape the market, and give speculation as to where the financial market is headed. Encompasing equities, index, sector, ETFs, commodities, and bonds; the expectations are to shed some light as to what "smart money" is thinking.
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