Tech Macro Indicators still Negative
Both the hot and big tech stock sectors are still in a bear market. Cuurent bounces are just that, bounces toward resistance areas.
Uncategorized
Leaving the Structure For Later
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 →
The Numbers Updated
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 →
More of What Doesn’t Work ??
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 →
First Quarter M2 Money Supply Declines
In John Mauldin’s latest weekly letter he posts the First Quarter Investment Review and Outlook of Lacy Hunt and Van Hoisington. One of the surprising numbers was the fact that M2 Fed money supply declined from $ 10.505 trillion to…Continue Reading →
Bounce Approaching Apex
Here is a piece that sums up my longer term thoughts rather well: http://dealbook.nytimes.com/2013/04/17/efforts-to-revive-the-economy-lead-to-worries-of-a-bubble/?smid=pl-share
The Hook is now Set
The bounce off the 1536 low of yesterday on the S&P 500 sets up the technical indicator trigger that will be executed on a trade below 1536 in the coming period, hours-days.
A Must Read……………..with Micro Strategy Update
John Mauldin and John Hussman have teamed up with a must read. http://www.mauldineconomics.com/outsidethebox/taking-distortion-at-face-value/ We are covering our remaining short gold positions today, gold at 1558. Micro Strategy Update: The assets that we opened up by covering our short T-Bond positions…Continue Reading →
Letting the Momentum Roll Off
The exuberance and gloating about this bear market bounce is reaching a point where there is only one question, when and how bad will it be when it ends. Our Global Macro Asset Indicators ( global stocks and commodities) started flashing…Continue Reading →
Worth a Read
A piece worth reading on a Monday morning when the market has no sense of what to do. http://seekingalpha.com/article/1321721-here-s-what-happened-the-last-time-the-fed-owned-all-outstanding-treasuries?source=email_the_daily_dispatch&ifp=0