There is no question that the battle the FED has been fighting is deflation since the deleveraging started in 2008. In essence the FED has absorbed 3 trillion dollars of overleveraged assets and are now coming to the end of…Continue Reading →
See an article from Seeking Alpha: http://seekingalpha.com/article/1777402-the-feds-surprise?source=email_rt_article_readmore
Headlines today point to weak durable goods numbers with one exception (ex aircraft which the top 3 percent predominately fly personally and the bottom 97 percent use to get their Amazon orders filled) . Corporations that sell products that don’t fly well might take…Continue Reading →
Is the Apple bounce over? See chart here with a comparison of the Apple stock price to the XLK Technology Index ETF. What we see is the potential of a head and shoulders relationship in comparison to technology stocks. …Continue Reading →
This article about Ray Dalio is worth a look. I agree with most of his cycle work and the 2018 date he throws out is not far off the 2017 date that I use as a benchmark. http://dealbook.nytimes.com/2013/10/21/economic-theory-via-youtube-and-cartoon/?smid=pl-share
Does today look like something that you have seen before, like in 1999-2000. Goggle, Amazon, and Netflix, the star children of Bubble # 2, and even Apple, the star child of Nasdaq Bubble # 1.9, have market action that makes…Continue Reading →
One of the Macro indicators that we follow is the gold-stocks relationship. With deflation seeming to appear to be the main factor the Fed is fighting gold would not seem to be a market to pay much attention. However, going back to…Continue Reading →
I have always found the Granville Onbalance Volume indicator a reliable piece of information to follow during periods when volume is at odds with direction. What we have been seeing since late July is that upside volume has been more…Continue Reading →
It escapes me why the inevitable end to the standoff is bullish or bearish. It would seem that the discussion will go back to the consumer and the fact that what ever the Washington deal, the long term trend is…Continue Reading →