It is fun to read what the analysts believe the Fed said in its statement yesterday. The pundits seem to have the answer before they read the statement. Much of this is due to the “Helicopter Ben” legacy and all…Continue Reading →
Congress and Obama have an opportunity here. No doubt there will be a lot of rhetoric, but will there be action that shows they heeded the wake-up call? Here are some thoughts that come to me. Other than the technical…Continue Reading →
As the short term price action declines off the years highs in stocks and commodities it seems important to me that one look at the price action so far this year as a big distribution area for a Macro top…Continue Reading →
Eureka Perspectives August 5, 2011 Uncategorized No Comments
As we mentioned on July 29th, the 11,360 Dow Jones level is the minor support level and that is where we went yesterday. At the moment basis the S&P look for a bounce to the 1230 level before the expected…Continue Reading →
The stock market is testing the important 1260 support level on the S&P. It appears that this support level will give way soon and the next support level is 1130, the area where the market had trouble before the Fed’s started…Continue Reading →
With the debt limit debate winding down we go to more important things, the economy and employment, neither of which look healthy at the moment. The S&P 500 will run into a headwind in the 1320 area and there is…Continue Reading →