Tuesday, March 8, 2011

03.08.11 Market Recap

Economic Reports
  1. Small Business Optimism Index
    level
    Prior 94.1 
    Latest 94.5 
  2. Goldman Sales
    Store Sales - W/W change
    Prior -0.5 %
    Latest 2.3 %
    Store Sales - Y/Y
    Prior 3.3 %
    Latest2.6 %
  3. Redbook Sales
    Store Sales Y/Y change
    Prior 3.0 %
    Latest 2.0 %
Market Activity
As of 2pm CST
Russell 2000  +1.79% Mini Midcap +1.45% Dow Mini+1.16% ES +0.95% Mini NQ +0.67%
SB #11 +2.83% KC +2.29% OJ +1.35% LB -0.37% CC -0.79% CT #2 -3.27%
HG +0.39% PA unch GC -0.32% SI -0.60%  PL -0.92%
Crude WTI -0.47%  Nat Gas -1.55% Gasoline -1.86% H Oil -1.87%
Meal -0.83% Beans -0.93% Bean Oil -1.05% Corn -1.67% Wheat -2.62% 

Talk that OPEC may hold an emergency meeting to discuss increasing production had a ripple effect over equities, energies and metals.
The wild ride in cotton continues with US markets following the price action of the Chinese market, which fell over 6.0% overnight. Traders also noted the divergence of the RSI indicator as the market posted new highs the indicator has lagged.
Source:Barchart.com

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