NASDAQ 9 Consecutive Up Days What’s Next

by: Bill Zimmer July 21, 2009 at 10:17 am

Yesterday was the 9th consecutive advance for the NASDAQ Composite and the NASDAQ 100.  Looking back over the last 20 years this is only the 6th such occurrence, and the first one in this millennium.

I would normally show you the advance/declines in the NDX  1, 2, and 3 months after such an occurance.  Today we’ll be a little different and show pictures.  Arrows represent the initial occurrence: NDX9192NDX96NDX09

ETF Range Projections & A Quote to Start the Day

by: Bill Zimmer July 21, 2009 at 7:50 am

When I first got into commodities, no one was interested in a diversified approach. There were cocoa men, cotton men, grain men — they were worlds apart.  I was almost the first one who decided to look at all commodities together.  Nobody before had looked at the whole picture and had taken a diversified position with the idea of cutting losses short and going with a trend.

- Richard Donchian

Asia is hesitating after yesterday’s advance (Nikkei was closed Monday) and Europe so far is following through on yesterday’s gains: Nikkei 225 +2.73%, Hang Seng +0.00%, Shanghai -1.64%, DAX +1.06% , and the FTSE 100 +0.79%.

At about 7:50 AM ET, the futures, also looking for a follow through on the open: Dow +35, S&P +3.3, NAZ +4 Oil +$0.23 and Gold -$1.30.

RP090721

have a great day!

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