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Prices have been mixed again this morning, and the volatility appears to be gaining momentum again the last few days. This day feels much like yesterday. Prices trended lower early, only to
There has been no follow through buying today and in fact, we are seeing just the opposite with prices selling off instead. At the moment, the trend and bias are both clearly
Prices sold off strongly after the building permits missed estimates this morning. However, they have now found a bottom and taken back the sell off. These strong news moves are often erased
Early on it looked as if this might be a range day, but prices are rallying as I am typing, so we will have to see if they continue higher or if
This looks a lot like a range day so far. The range is rather wide though, so there is plenty of room for trends within the range, so keep that in mind.
Prices look similar today as to yesterday thus far. Again, there are no real news items today that could really spark the market, so today is likely to be similar to yesterday’s
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Prices are trending lower as I am typing up this report. It was interesting that prices turned down right off the upper trend channel line on the daily chart, as that could
The volume is down this morning, and volatility has reduced a good bit. The rally continues this morning, although I do see a break of the upward trend channel and prices are
There is an FOMC rate announcement at 1 PM CST today. Be sure to be flat an hour prior to that announcement coming out. The market continues to push higher this morning