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Broadmarket analysis is presented here courtesy of Cashflow Heaven.
Each week a new market analysis is provided with key chart technicals to help the trader get a better feel of the market direction:
August 17 2008 Market research
August 10 2008 Market analysis
August 03 2008 Market analysis
July 27 2008 Market Report
July 20 2008 Market Digest
July 13 2008 Market Digest
July 06 2008 Market Analysis
June 29 2008 Market Analysis
Jun 22 2008 Market Analysis
Jun 15 2008 Market Digest
Jun 08 2008 Market Digest
Jun 01 2008 Market Digest
May 25 2008 Market Analysis
May 18 2008 Market Analysis
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Apr 27 2008 Market Analysis
Apr 20 2008 Market Analysis
Apr 13 2008 Market Analysis
Apr 06 2008 Market Analysis
Mar 30 2008 Market Analysis
Mar 23 2008 Market Analysis
Mar 16 2008 Market Analysis
Mar 09 2008 Market Analysis
Mar 02 2008 Market Analysis
Feb 24 2008 Market Analysis
Feb 17 2008 Market Analysis
Feb 10 2008 Market Analysis
Feb 03 2008 Market Analysis
Jan 27 2008 Market Analysis
Jan 20 2008 Market Analysis
Jan 13 2008 Market Analysis
Jan 06 2008 Market Summary
Dec 30 2007 Market Commentary
Dec 23 2007 Market Report
Dec 17, 2007 Market analysis
Dec 10 2007 Broadmarket Analysis
Dec 02 2007 Market Analysis
Nov 25 2007 Broadmarket Analysis
Nov 18 2007 Broadmarket Analysis
Nov 04 2007 Broadmarket Analysis
Oct 28 2007 Broadmarket Analysis
Oct 14 2007 Broadmarket Analysis
Sep 30 2007 Broadmarket Analysis
Sep 23 2007 Broadmarket Analysis
Sep 16 2007 Broadmarket Analysis
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A TEN THOUSAND-FOOT VIEW OF THE STOCK INDEXES
The September NASDAQ 100 closed higher on Friday and spiked above the
previous high crossing at 1970.25. The high-range close sets the stage for a
steady to higher opening on Monday. Stochastics and the RSI are bullish
signaling that sideways to higher prices are possible near-term. If September
extends this week's rally, weekly resistance crossing at 2022.50 is the next
upside target. Closes below the 20-day moving average crossing at 1938.92 are
needed to confirm that a short-term top has been posted.
The September S&P 500 index closed higher on Friday as it extended yesterday's
breakout above the 20-day moving average crossing at 1536.24.The high-range
close sets the stage for a steady to higher opening on Monday although I would
not be surprised to see a steady to lower close as the index might try to
consolidate some of this week's rally. Stochastics and the RSI are bullish
signaling that sideways to higher prices are possible. If September extends this
week's rally, June's high crossing at 1557.70 is the next upside target.
The Dow closed higher on Friday as it extended this week's rally but fell short
of testing the previous high crossing at 13,692.
The mid-range close sets the stage for a steady opening on Monday. Stochastics
and the RSI have turned bullish signaling that sideways to higher prices are
possible near-term. Closes above the reaction high crossing at 13,692 would
renew this year's bull
market.
LOOKING AT INTEREST RATES
September T-bonds closed up 13/32's at 106-08.
September T-bonds closed higher on Friday due to short covering ahead of the
weekend as traders bank some of this week's profits. The mid-range close sets
the stage for a steady opening on Monday. Stochastics and the RSI are oversold
and are turning bullish hinting that a short-term low might be in or is near.
Closes above the 10-day moving average crossing at 106-29 are needed to confirm
that a short-term low has been posted. If September extends this spring's
decline, weekly support crossing at 103-27 is the next downside target.
TRADING THE ENERGY MARKETS
Technical Charting Analysis Video -- Crude Oil Movement
July crude oil closed higher on Friday and spiked above minor
resistance crossing at 68.58 before profit taking tempered early session
gains. The mid-range close sets the stage for a steady opening on
Monday. Stochastics and the RSI are bullish signaling that sideways to
higher prices are possible near-term. If July extends this week's rally,
March's high crossing at 69.53 is the next upside target. Closes below
Monday's low crossing at 64.52 would confirm that a short-term top has
been posted.
July heating oil closed lower on Friday due to profit taking ahead of
the weekend but remains above April's high crossing at 200.25.
Stochastics and the RSI are bullish signaling that sideways to higher
prices are possible near-term. The mid-range close sets the stage for a
steady opening on Monday. If July extends this week's rally, weekly
resistance crossing at 206.75 is the next upside target. Closes below
Monday's low crossing at 188.90 would confirm that a short-term top has
been posted.
July unleaded gas closed higher on Friday confirming yesterday's
breakout above the 20-day moving average crossing at 221.90. The
high-range close sets the stage for a steady to higher opening on
Friday. Stochastics and the RSI are turning bullish signaling that
sideways to higher prices are possible near-term. If July extends this
week's rally, the reaction high crossing at 231.90, then May's high
crossing at 234.19 are the next upside targets. Closes below the 10-day
moving average crossing at 218.81 would temper the near-term friendly
outlook in the market.
July Henry natural gas closed higher on Friday and above the 20-day
moving average crossing at 7.885 confirming that a low has been posted.
The mid-range close sets the stage for a steady opening on Monday.
Stochastics and the RSI are turning bullish signaling that sideways to
higher prices are possible near-term. If July extends this week's rally,
the reaction high crossing at 8.208 is the next upside target. From a
broad perspective July needs to close above 8.40 or below 7.55 to clear
up near-term direction of the market.
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____________________________________________________________________________ TODAY'S HIGH IMPACT FUTURES
____________________________________________________________________________
WINNERS
BCX.H08 CBOT SOYBEAN CRUSH INDEX Mar 2008 61.50 2.25 +3.80
KW.H09 HARD RED WINTER WHEAT Mar 2009 585 15 +2.63
RA.U07 SOUTH AFRICAN RAND Sep 2007 0.140525 0.003350 +2.44
YK.N07 SOYBEANS (MINI) Jul 2007 847.25 19.75 +2.38
S.N07 SOYBEANS Jul 2007 847.25 19.75 +2.38
C.N07 CORN Jul 2007 419.0 9.5 +2.31
YC.N07 CORN (MINI) Jul 2007 419.0 9.5 +2.31
SM.V07 SOYBEAN MEAL Oct 2007 240.5 5.4 +2.30
BO.V07 SOYBEAN OIL Oct 2007 36.66 0.76 +2.12
SB.V07 SUGAR #11-WORLD Oct 2007 8.98 0.17 +1.93
LOSERS
BCX.Z07 CBOT SOYBEAN CRUSH INDEX Dec 2007 63.25 -1.50 -2.32
KW.U07 HARD RED WINTER WHEAT Sep 2007 604.0 -8.5 -1.39
UF.M07 HUNGARIAN FORINT Jun 2007 186.80 -2.40 -1.26
ZR.U07 SOUTH AFRICAN RAND Sep 2007 7.1985 -0.0795 -1.09
NS.U07 NORWEGIAN KRONE Sep 2007 6.0209 -0.0606 -1.00
PB.G08 FROZEN PORK BELLIES Feb 2008 99.55 -0.95 -0.95
MW.Z07 HARD RED SPRING WHEAT Dec 2007 607.75 -4.75 -0.77
KU.U07 SWEDISH KRONA Sep 2007 7.00235 -0.05075 -0.72
W.N08 WHEAT Jul 2008 579 -4 -0.69
YW.N08 WHEAT (MINI) Jul 2008 579.0 -4.0 -0.69
____________________________________________________________________________
TODAY'S HIGH IMPACT STOCKS
____________________________________________________________________________
WINNERS
SNSTA SONESTA INTL HOTELS 30.1524 6.9024 +29.69
LPHI LIFE PARTNERS HOLDINGS 23.6300 5.2500 +28.56
DIGE DIGENE CORP 56.82 12.05 +26.92
AHD ATLAS PIPELINE HOLDINGS 39.5500 8.1299 +25.87
KMGB KMG CHEMICALS INC 19.12 3.91 +25.71
CTAC 1-800 CONTACTS INC 24.00 3.92 +19.52
URRE URANIUM RESOURCES INC 11.82 1.86 +18.67
CTEC CHOLESTECH CORP 19.57 2.78 +16.56
NOEC NEW ORIENTAL ENER & CHEMICALS 5.06 0.71 +16.32
MEA METALICO INC 7.55 1.05 +16.15
LOSERS
HSVLY HIGHVELD STEEL & VANADI 11.52 -2.08 -15.29
ANSW ANSWERS CORP 14.6901 -2.4299 -14.19
BNVI BIONOVO INC 5.04 -0.69 -12.04
REGN REGENERON PHARM INC 20.31 -2.68 -11.66
ZHNP ZHONGPIN INC 10.05 -1.29 -11.38
UTSI UTSTARCOM INC 6.51 -0.80 -10.94
FRPT FORCE PROTECTION INC 24.43 -2.99 -10.90
QGEN QIAGEN NV 15.58 -1.70 -9.84
LDK LDK SOLAR CO ADR 24.56 -2.64 -9.71
CRAY CRAY INC 7.20 -0.75 -9.43
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