{"id":539,"date":"2009-04-26T12:53:01","date_gmt":"2009-04-26T17:53:01","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=539"},"modified":"2009-06-03T11:08:17","modified_gmt":"2009-06-03T16:08:17","slug":"the-week-that-was-april-20-24","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-week-that-was-april-20-24","title":{"rendered":"The Week That Was: April 20 &#8211; 24"},"content":{"rendered":"<p>Well what looked like was going to be a week for the bears ended up being a pretty good week for he bulls.\u00a0 Let&#8217;s keep an eye on that 88 level in the SPY, as it looks like it&#8217;s going to come into play again this upcoming week.<\/p>\n<p>The dollar index looks like it is <a href=\"http:\/\/blog.afraidtotrade.com\/bear-flag-breakdown-for-us-dollar-index\/\" target=\"_blank\">breaking down from a bear flag<\/a>.\u00a0 This is definitely something to keep an eye on, as a weaker dollar will lead to strength in commodities, particularly precious metals.<\/p>\n<p>More than half of the companies that have <a href=\"http:\/\/bespokeinvest.typepad.com\/bespoke\/2009\/04\/earnings-season-beat-and-miss-rates.html\" target=\"_blank\">reported Q1 earnings have beat estimates<\/a>.\u00a0 After what started off looking like a dismal earnings season, may turn out to be not that bad after all.\u00a0 We&#8217;ll have to see if this trend holds up.<\/p>\n<p>A comparison of <a href=\"http:\/\/www.ritholtz.com\/blog\/2009\/04\/bear-market-rally-look-at-volume\/\" target=\"_blank\">rallies off bear market lows<\/a>.\u00a0 These two charts show where this most recent rally falls in terms of volume and percentage gains.<\/p>\n<p>Gold is <a href=\"http:\/\/globaleconomicanalysis.blogspot.com\/2009\/04\/gold-continues-to-act-well.html\" target=\"_blank\">acting well<\/a>.\u00a0 After looking like it was going to trade back down to 800 for a day or two, gold has rallied and finished the week above 900.<\/p>\n<p>Over at Naked Capitalism, Yves thinks the <a href=\"http:\/\/www.nakedcapitalism.com\/2009\/04\/markets-cheer-stress-test-double-speak.html\" target=\"_blank\">stress tests may be a charade<\/a>.\u00a0 Insiders are selling into this rally at very high levels.\u00a0 A really interesting article, definitely worth the read.<\/p>\n<p>Rumors are circulating that the <a href=\"http:\/\/zerohedge.blogspot.com\/2009\/04\/spy-have-become-hard-to-borrow.html\" target=\"_blank\">SPY is becoming hard to borrow<\/a>.\u00a0 Very interesting indeed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well what looked like was going to be a week for the bears ended up being a pretty good week for he bulls.\u00a0 Let&#8217;s keep an eye on that 88 level in the SPY, as it looks like it&#8217;s going to come into play again this upcoming week. The dollar index looks like it is breaking down from a bear &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-week-that-was-april-20-24\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":167,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[30,18,301],"class_list":["post-539","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-prop-trading","tag-smb-capital","tag-trading-blog","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Week That Was: April 20 - 24 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-week-that-was-april-20-24\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Week That Was: April 20 - 24 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Well what looked like was going to be a week for the bears ended up being a pretty good week for he bulls.\u00a0 Let&#8217;s keep an eye on that 88 level in the SPY, as it looks like it&#8217;s going to come into play again this upcoming week. The dollar index looks like it is breaking down from a bear ... 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