At the end of each quarter, I like to see how the market has performed in comparison to the last quarter. Seeing as we are nearing the end of Q2 of 2009, we are starting to crunch the numbers.
So here goes:
Data for the end of Q2 is based on intra-day prices traded on Friday the 26th, of June.
Last quarter gold (XAUUSDO) closed at 921.06 bases the spot market. As of today we are trading around 939.70, that’s a move of 2.3% over last quarter. Clearly this market continues to move higher on a quarterly basis.
Dow (DJI) closed at 7608.92 last quarter and as of today we’re around 8413.15, that’s a positive gain of 10.56% for the quarter.
Last quarter the S&P 500 (INX) closed at 797.87. Presently we are trading around 914.64. That’s a 14.63% gain over last quarter.
NASDAQ (COMP) closed at 1519.96 last quarter and is currently trading at 1826.44. That’s a gain of 20.16% for the quarter.
Crude Oil (NYMEX_CL), closed last quarter at 53.82 basis the August contract. Currently we’re trading at 69.30 that’s a gain of 28.76% for the quarter.
Last quarter the Dollar Index (DX) closed at 85.43. Presently we are trading at 79.82, that’s a loss of 6.48% for the quarter.
So there you have it. The exact changes for the quarter (of course we will only find out on Tuesday as we close out Q2). I think is a pretty fair bet to say that the stock market and crude oil should close higher for the quarter.
The only two markets that are questionable right now are gold (which is up 2.03% as of this writing) and the dollar index (which is down 6.48%). We could see these two markets continuing this trend in Q3; higher gold and a lower dollar.
As always, we will be using MarketClub’s “Trade Triangle” technology to capture as much of these moves as we can. As I said at the beginning of this blog, I like to look at the quarterly charts because they show you the bigger picture and a greater sense of the major trends.
I highly recommend that you incorporate reviewing the quarterly charts and using them in your own trading and strategy models. I believe that they will help you enormously in the future. Test out Market Club’s Technology for 30 days FREE just Click Here
Every success,
Adam Hewison
President, INO.com
Co-creator, MarketClub
