Daily Comments on Thursday - Nov 12

By Teresa Appleton
11 November 2009 @ 10:51 pm EDT

Wednesday brought a modest gain across the broader  markets on light volume for the NYSE and Nasdaq.  Futures which have been like the NYSE and Nasdaq, light November volume were actually in-line with what we experienced on Monday and Tuesday for the ES and NQ, TF was a bit lighter but not bad.  That just shows us how light it has been though, participation is down and any excuse to see participation sitting out really is noticeable.  However, that should change into the last two days of the week. The TRIN closed at .91 neutral and the VIX at 23.04 up 20cents on the day.  Gold moved up to $1114.50 +12.00 and oil closed up 28 cents to $79.33 a barrel.

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