20090513

Quite volatile session today. After high open the WIG Index fall -2.21%:

wig_20090513

The market might want to close the gap from 4th May, but today's situation is hard to interpret. Both oscillators are fine, the volume increased, however the WIG Index has been continuously losing all day.
Nevertheless, the weekly uptrend is still intact.

News portals are explaining today's drop as renewing economy concerns after earnings data (here or here).

US housing April's data is not so encouraging (here).

Sources:
[http://www.bloomberg.com/apps/news?pid=20601087&sid=aVX0.kLKOFjI]
[http://www.marketwatch.com/story/us-stocks-lower-on-economic-concerns-djia-roughly-down-200]
[http://www.marketwatch.com/story/us-foreclosures-reach-record-rate-in-april]

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