Friday, March 27, 2009

Weekend Weimar and Beagle

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The market is almost closed. It's been a good week. So -- relax and don't think about anything related to the market or the economy...

Underground Economy Thrives In Recession

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From Bloomberg: Carlos Cruz has a strategy for surviving the worst global recession in 60 years: pay less in taxes and pass the savings alon...

A Closer Look At the Latest Rally

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Click on all images for a larger image All of the charts below have important technical information. In all three, prices have broken throu...

Forex Fridays

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Click on all images for a larger image On the weekly chart, notice the dollar is clearly in a double top pattern and has now fallen from the...
Thursday, March 26, 2009

Today's Markets

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Click on image for a larger image The rally continues. Prices are now above all the SMAs. in addition, the 10 day SMA is about to move thr...

GDP Contracts by 6.3%

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From Marketwatch: The U.S. economy experienced its most violent contraction in a generation during the fourth quarter, with real gross domes...

Commercial Real Estate Looking Terrible

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The Wall Street Journal posted a Deutsche Bank study on commercial real estate today. It's really ugly. Here is a link to the article,...

British Bond Auction Fails

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From Bloomberg: Bank of England Governor Mervyn King says Gordon Brown should be “cautious” on public spending while the official in charge ...

Thursday Oil Market Round-Up

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Click on all images for a larger image Oil prices -- which have been consolidating in a triangle consolidation pattern for the better part o...
Wednesday, March 25, 2009

Today's Markets

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Click on all images for a larger image The main takeaway from the daily chart is the rally is still intact; the upward sloping trendline is ...

About the Durable Goods Number

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There seems to be a fair amount of hoopla about the durable goods number. Let's go to the data as opposed to the spin: New orders for ...

Fed Wants Broader Powers

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From Marketwatch: Treasury Secretary Timothy Geithner and Federal Reserve Board Chairman Ben Bernanke called for broad new powers to regulat...

Shadow Inventory Threatens Housing Recovery

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From IBD: Even as a few rays of hope peek out for housing, a dark cloud of unlisted and unsold foreclosed homes threatens to further delay a...

A Note on the Comments

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Although I'm a bit behind on "hip" internet lingo, I think I have been dealing with posting "spam". So, here are so...

Wednesday Commodities Round-Up

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Notice the following on the agricultural prices chart -- Prices are consolidating in a triangle consolidation pattern, and have been for bet...
Tuesday, March 24, 2009

Today's Markets

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Click on all images for a larger image It's been a long time since I've seen a 5 minute chart that looked like this. Boy does it loo...

Transportation Not Looking So Rosy

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From Reuters: World airlines are set to lose $4.7 billion this year as a result of the global recession that has shrunk passenger and cargo ...

We're Nowhere Near a Bottom in Housing

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From Bloomberg: Purchases rose 5.1 percent to an annual rate of 4.72 million from 4.49 million in January, the National Association of Realt...

Treasury Tuesdays

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Click on all images for a larger image Just to remember where we are, Treasury prices spiked at the end of last year in response to the cred...
Monday, March 23, 2009

Today's Markets

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Click on all images for a larger image The was one heck of a rally today: The market opened with a big gap up and moved higher until lunch a...