Friday, April 3, 2009

Weekend Weimer and Beagle

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The markets are now closed. Think about anything except the markets or the economy. To that end...

Fed In Congressional Crosshairs

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From the WSJ: For the past 18 months Federal Reserve officials have been fighting off storms in financial markets – now they’ve got a storm ...

About The Factory Order's Number

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From the Census Bureau: New orders for manufactured goods in February, up following six consecutive monthly decreases, increased $6.1 billi...

Forex Fridays

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The weekly chart tells us the dollar has formed a double top. First, note the obvious price action. However, also note that the second top...
Thursday, April 2, 2009

Today's Markets

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Today's action sure looks like a spinning top to me...,

Consumer Delinquencies Hit High

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From CNBC: More U.S. consumers have fallen behind on loan payments than ever before, and the problem may worsen as millions more find themse...

A Closer Look At the ISM Data

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Here is a link to the report: The report was issued today by Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management™ Man...

Can the Bull Market Continue?

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From Marketwatch: To me, the recent rally looks dangerously similar to each of the previous bear-market rallies that have failed over the p...

Thursday Oil Market Round-Up

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Click on all images for a larger image Notice the following on the weekly chart: -- The MACD is rising and has given a buy signal -- The RSI...
Wednesday, April 1, 2009

Today's Markets

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Click for a larger image After hitting a peak a few days ago the market has been in sell-off mode. Right now it is looking for technical su...

ISM At Lowest Reading in 30 Years

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From the Chicago Tribune: A closely followed measure of Chicago-area manufacturing and commercial activity fell in March to its lowest readi...

Can the Bull Market Continue?

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From Marketwatch: To me, the recent rally looks dangerously similar to each of the previous bear-market rallies that have failed over the p...

Consumer Sentiment Drops, But a Silver Lining?

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From IBD: The Conference Board's Consumer Confidence Index edged up 0.7 point in March to 26 from February's 25.3, the lowest since ...

Wednesday Commodities Round-Up

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Click on all images for a larger image Notice the following on the industrial metals charts -- The MACD is rising and has given a buy signal...
Tuesday, March 31, 2009

Today's Markets

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On the two day chart, notice there are two upward sloping trend lines, which prices broke at the end of the day today. Also note that price...

We're Nowhere Near a Bottom in Housing

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From Bloomberg: Home prices in 20 U.S. cities fell 19 percent in January from a year earlier, the fastest drop on record, as demand plummete...

MZM/M2 Post

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Some things just can't be resisted -- such as using Pink Floyd's money to begin a discussion about money supply (note two things abo...

Treasury Tuesdays

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The main issue in the Treasury market right now is the Fed's purchase of Treasury debt. That has placed a de facto floor underneath Tre...
Monday, March 30, 2009

Today's Markets

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Click on the image for a larger image. The market sold-off today on news of GM's president being fired and amid concern that an auto bai...

A Sucker is Born Every Minute

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From the WSJ: Some investors haven't quite given up the ghost of "decoupling," the notion that emerging markets can ignore rec...