With durable orders down today the pressure is turning up on the air waves for the Fed to get QE3 in place. The S&P is flirting with the important 1315 area and getting ready to do a spin down to…Continue Reading →
Archive for May 2011
We are at the very beginning of a strong dollar rally and what is interesting is that many don’t really want it and cannot figure out how to stop it. Two big groups that are highly affected are the Fed…Continue Reading →
The tepid rally of the stock and commodity markets since the hope for indications of signs of QE 3 out of the Fed minutes earlier this week is behind us. Short term sell and flash crash indicators are all locked…Continue Reading →
The time will come that the Fed and Congress will have to jointly concede that the economic issues we are facing are structural and cannot be fixed by continuing what led us into this mess, ie. cheap money. In the…Continue Reading →
The fact that oil broke through the 98 dollar level to the downside yesterday is an indication that a new reality is now developing. The economy is not as hot as many thought and oil trading in the 90 to…Continue Reading →
The fact that crude oil is not holding 98 dollars points to trouble ahead for most or all the markets we follow. As we have said many times, the computer generated trend signal that we watch on the stock market…Continue Reading →
These levels and comments from the 8:15 AM comments of May 6th still are relevant.
It might be easier to ignore the markets rather than put in a lot of thought at the moment. This is due to the fact that Washington Budget resolution is the big piece on the table now. The runup in…Continue Reading →
With the employment report out today you see the basis for relatively benign price action on stocks and oil for the rest of the year. While we have probably seen the bulk of employment gains for the year, the Fed…Continue Reading →
The Macro picture has taken over the markets. Micro events like tomorrows employment numbers will try to moderate action for a few days after today’s early pressure. During this time we will update the initial 2011 projection numbers.