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Версія за 19:31, 25 жовтня 2015



Stocks struggled to a mixed finish on Monday, just days after the Dow rose above 11,000 for the first time since early May. That got a lot of media attention but while it is really just another number, and the one that has been crossed before, it gets attention. Many traders make reference to even whole numbers like that as 'century' numbers. Often breakouts are more potent when they occur over whole even numbers like 10.00 or 25.00 on a stock as well.

To contrast with yesterday's post to the direction of america Dollar, On the net a video discussing an extended rally in '09. The video is from Greenrush Capital Management.



Could it happen inside the US and China? Possibly. It could be a breakdown over Taiwan, Tibet or natural resources. Maybe it's when the national output is under China's in 2027 by some costs.



Rising oil prices put weigh on consumer discretionary stocks which led the decliners of day. The dollar fell 7.4% to 83.61 Japanese yen. The dollar index also hit its lowest level in eight months. Based on T & K Futures president Michael K. Smith, the dollar is lower and had been much money out there chasing the safe-havens of silver and gold.

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