The fact that during the stock blow-off this week, the T-Bond markets held well above their March 2013 lows of 140-14 and the 141 level where we covered our short Bond positions held since last summer, seems to portend to…Continue Reading →
Current Macro View May 14, 2013 The first QE made sense, it allowed capital time to adjust to a new reality. QE-2, QE-3, and QE-Infinity, basically attempts to take the economy back to where it was in 2007, made…Continue Reading →
Patience is probably the most important ingredient at the moment. In the “Numbers” , over the past six months the technicals first turned down on the tech stocks, next on gold and commodities, and up on the dollar at the…Continue Reading →
In looking at our Risk On / Risk Off indicator since the March 2009 market low, we see four points where it would appear that the Fed panicked and made big moves. The last one was on April 18, 2013…Continue Reading →
How do the stock market longs know when to get out? We know that if you are looking for total confirmation that a sell off is real, it will already be over, and the market will be 20 percent or…Continue Reading →
Market pundits like to talk about the market crawling up a wall of worry. The current market is a case study in crowd behavior and the fear that investors have that they will look dumb if they don’t ride on…Continue Reading →
Both the hot and big tech stock sectors are still in a bear market. Cuurent bounces are just that, bounces toward resistance areas.
Everywhere we look these days the action is focused on short term responses. You can start with the FED and Bernanke, you can look at what is happening in Japan, you can look at Italy’s new premier, and it is…Continue Reading →
Here is the first update of the “Numbers” since late February. Only four changes out of the 29 indicators followed had a change during that time. Therse changes were: 1) The Long Wave on Macro assets turned down on 4/22/13….Continue Reading →
General expectations in the markets are that the ECB will reduce interest rates again next week in an attempt to get economic activity back on track. Well, just minutes ago one sane person stepped to the plate: (from Yahoo news)…Continue Reading →