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IDS World Markets Thurs 1st October 09


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All Over The Place – Professional Edition

by Lee Adler, Wednesday, September 30, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit Cycle based stock screening data was all over the place, with 5 measures weaker and 4 stronger. There’s a lot of signal noise because there has been very little oscillation and moving averages are tightly bunched, enabling repeated crossovers in a short time span. Our focus should be on the 6 month cycle status indications. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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w?s=^AORD

 

 

Basically a one-way trip today. All Ords drifted steadily down to close -0.8% led by IT -2.7%, REITS -1.8% and Financials -1.5%. There was only two green sectors, Gold +2.3% and Telecomms +0.4%.

 

Over in Asia, China and Honkers are closed, India -0.2% and Nikkers -1.5%.

 

 

On to UK/Europe:

 

Footsie

 

image;size=239x110

 

 

DAX

 

image;size=239x110

 

 

CAC 40

 

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On a personal note, my father is in the last stages of Mesothelioma (abestos-related lung cancer). We were planning on bringing him home and rotating as carers but I had a call from my sister this morning saying he's sinking fast, it's now a hospital bedside vigil and he may only have days. I'm on an early morning flight tomorrow so if someone could take over opening IDS for the foreseeable future I would appreciate it and I hope to join you again once events have run their natural course.

 

I'll check in from time to time to make sure you're all behaving yourselves..

 

:)

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