Tuesday, April 21, 2009

A Closer Look at GDP -- Domestic Investment

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Yesterday I started a closer look at GDP by focusing on personal consumption expenditures. Today I'm going to look at gross private dom...

Leading Indicators Drop

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Click for a larger image Pay particular attention to the following points from the press release: Three of the ten indicators that make up T...

Treasury Tuesdays

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I posted the 6 month chart to show the IEFs are still consolidating in a triangle consolidation pattern. On the upside we have the Fed buyi...
Monday, April 20, 2009

Today's Markets

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And so endeth the rally. Well, maybe Take a close look at all of the charts below. Notice they all crossed through their upward slanting ...

More on PCEs

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Let's take a look at a new set of charts -- the year over year change (YOY) in PCEs and the three sub-categories of PCEs. Please click ...

Goldman Sachs Uses Mafia Tactics To Shut Down Blogger

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From Bloomberg: Goldman Sachs Group Inc. has been called many things over the years. Plenty of people have raged against its power and wealt...

A Closer Look At GDP

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I've been very concerned about the market/fundamental relationship lately. As a result, I'm going to spend some time this week look...

Market Monday's

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Notice the following on the SPYs chart: -- Prices have been in a rally since the beginning of the March -- The 10 and 20 day SMA are moving ...
Friday, April 17, 2009

Weekend Weimer and Beagle

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It's that time of the week -- the markets are almost closed. It's time to think about anything else except the markets. I'll b...

New York and Philly Fed Indexes

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From Econoday. Click for a larger image. From the NY Fed: The Empire State Manufacturing Survey indicates that conditions for New York manu...

Thank God for Trading Desks

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From the WSJ: JPMorgan Chase & Co. (JPM), bracing itself for more loan losses driven by the recession, delivered surprisingly strong fir...

Forex Fridays

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The dollar chart formed a double top with the first top occurring late last year and the second top occurring at the end of February/beginni...
Thursday, April 16, 2009

Today's Markets

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The main point with all the charts below is they have all broken through key upside resistance. That is technically incredibly important. ...

Beige Book Highlights

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The Fed released the Beige Book yesterday. In general the report was negative. But there were a few glimmers of hope. Reports from the Fe...

Inside the Latest Industrial Production Numbers

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From the Federal Reserve: Industrial production fell 1.5 percent in March after a similar decrease in February. For the first quarter as a w...

Thursday Oil Market Round-Up

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Click on all images for a larger image. The weekly chart still has a bullish bias. Notice the MACD and RSI is rising and prices have broken...