Closing Wall Street Comments For December 03, 2021

December 4, 2021Posted inmarketsNo Comments
Wall Street closed down with very low red volume, indicating a high volume of BTFDers buying back into the market, ending a roller-coaster week of trading from the new COVID variant threat. WTI crude settles at 66.44, just pennies above yesterday’s price. Gold remains in the 1780s, and silver is trading at its resistance of 22.52. The U.S. dollar moved up 0.07% to 96.20, possibly indicating weaker markets ahead. Bitcoin slid to 51,556 earlier and now trading in the afternoon markets at 53830.

Closing Wall Street Comments For December 02, 2021

December 2, 2021Posted inmarketsNo Comments

The DOW closed up 618 points as market volatility from omicron continues but remains down 1175 points from the November 26 Omicron scare selloff. Today’s green volume is higher than yesterday appearing some BTFDer are buying making it difficult to determine if the selloff has finished or a bit more to go. WTI crude settled at 66.82 remaining far below the 85 plus high of several sessions ago. The selloff volume seen on the 26th. was not nearly as high as it could have been indicating much of the selling was from Robinhood-type investors.