The dollar drops again but it's interesting to note that gold is not bidding. Maybe they know something? NQ lost 1780.50 support and looks headed for a possible test of 1765. Currently, we are at 20 DMA (1773) and bulls will try a run from there. If that support breaks, and they can't hold 1765, we could ultimately hit 1756, key breakout area and channel support (as well as 38.2 October/November).
ES lost 61.8% November at 1383. Next support is 1376.50.
In stocks, INTC is trading below its 50 DMA (20.95).
Nov. 28 (Bloomberg) -- Orders for U.S.-made durable goods declined last month by the most since July 2000, suggesting a slowing economy is prompting companies to curb spending.
The 8.3 percent decrease followed an 8.7 percent surge in September and reflected falling demand for commercial aircraft, computers and communications equipment, Commerce Department figures showed today. Excluding transportation equipment such as Boeing Co. jets, orders fell by the most since July 2005.
ES lost 61.8% November at 1383. Next support is 1376.50.
In stocks, INTC is trading below its 50 DMA (20.95).
Nov. 28 (Bloomberg) -- Orders for U.S.-made durable goods declined last month by the most since July 2000, suggesting a slowing economy is prompting companies to curb spending.
The 8.3 percent decrease followed an 8.7 percent surge in September and reflected falling demand for commercial aircraft, computers and communications equipment, Commerce Department figures showed today. Excluding transportation equipment such as Boeing Co. jets, orders fell by the most since July 2005.
This entry was posted
on Tuesday, November 28, 2006 at 11/28/2006 08:52:00 AM.
You can skip to the end and leave a response.
» Post a Comment