Weaker Japan Hurts Yen
Comments by an S&P analyst that Japan faces immense
challenges is sending the yen to its lowest level of the year. The yen is on the
Pullback From Lows List.
From the Momentum-5
List, September copper
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PowerRating)Â is
rallying and trading at a multi-month high.Â
Providing a more hopeful outlook for oil supply, OPEC
secretary general Lukman said the cartel would raise output as needed, implying
the producers would go along with Saudi Arabia’s proposal to increase
production. August crude oil is down .50 a barrel and unleaded gasoline is
off.0209 of 2.18%.Â
Dow futures have reversed and are making good on a Turtle Soup Plus One
Sell setup. Hewlett-Packard is the biggest drag on the Dow, falling as
shares of Agilent, its spinoff, tanks.
Orange juice
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PowerRating), from the
Pullback From Lows List,
is making good on a 1-2-3-4 pullback setup, providing entry below Thursday’s
low.