Since June 3rd we have been talking about our expectation of a trading range asset market for the May to October period. The bottom of the expected gold range 1275 to 1500, was tested overnight at 1285 and probably will be tested…Continue Reading →
If we want the economy to produce jobs, there has to be real demand, that means lowering the debt load that the consumer took on between 2002 and 2007. http://harpers.org/archive/2013/07/the-scarlet-debtor/
This is Ben’s week. He is expected to make everything well and the speculators are buyers of stocks again. This leaves more of the same, traders buying highs and selling lows. Probably the most important thing is that he will retire…Continue Reading →
Longterm T-Bonds have been getting a lot of press the past few weeks as long-term interest rates have risen. Just keep in mind during all this talk of tapering etc, that the big story for T-Bonds over the next three…Continue Reading →
The pop higher on long term interest rates this morning is a look at what will happen at some point going forward. Japan’s attempt to mimic our FED seems to be a little shaky and markets are suffering this morning. …Continue Reading →
Friday’s employment report ensures more of the same. The 1587 to 1662 area on the S&P should be popular for a while.
While we are awaiting tomorrow’s employment report maybe a little reading is in order: http://www.realclearpolitics.com/2013/06/05/washington_booms_at_america039s_expense_309126.html http://www.mauldineconomics.com/images/uploads/pdf/2013_06_04_OTB2.pdf
Keep in mind that this May – October trading period is a period of a big top that becasue of the FED buildup will have more ramifications than either the 2000 or 2007 tops. So while the top will keep building,…Continue Reading →
The swing points of the trading ranges we mentioned the last few days are 1625 on the S&P, 144 on bonds, and 1400 on gold. Yesterday we saw the S&P go down to the swing point and bounce, it will…Continue Reading →
Here is an addition to the S&P and T-Bond trading ranges mentioned on Friday. We are looking at a Gold range of 1275 to 1525 for the same period. Part of the dilemma of the Fed is no doubt that both…Continue Reading →