Wed October 31 2012
Concerning the early 1970s in America
Hong Kong was named the world's top financial center for the second year in a row by the World Financial Center. Today Hong Kong does more business than the NYSE.
Just a few months ago a German Bank bought NYSE Euronext the parent of the NYSE.
Well after the high on September 14, two option expiration Friday,s the end of third quarter window dressing, the Presidential Debates, the first closing of the NYSE due to weather since 1888, and a hurrican that swamped the NY subway system with sea water, the exchanges open. The market is over sold enought o generate a bounce here, Note the low MACD above.
This indicator bounced at the 1256 day MA.
But after two days without trading no doubt we can expect more volume today. Best to take stock again tomorrow. The election looms.