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Stock Market Rally Fizzles into Close

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Dec 28, 2009.

  1. futuretrends24

    futuretrends24 New Member

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    Today’s sample of Futures Analysis from FuturesHound.com

    U.S. equity markets started the day with a firm tone, but the rally fizzled into the close. Although the markets managed to finish higher, the lack of activity because of the holiday week, caused buyers to pull bids, sending the indices lower.

    The overnight strength in the global equity markets spilled over to the U.S. markets on the opening. Demand for higher risk rose because of concerns over U.S. debt. With new Treasury debt being issued this week, foreign investors are looking for higher returns. The inability to follow-through to the upside under thin trading conditions encouraged traders to back off from the highs slightly.

    Treasuries finished lower once again. Demand for higher yielding assets and a weaker Dollar helped lean on March Treasury Bonds and March Treasury Notes. The T-Bonds closed below a retracement level at 115’08, indicating further weakness is likely.

    Read full article at full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

    Disclaimer: Trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.
     
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