Monday, June 29, 2009

Market Mondays

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Welcome back. I hope everybody had a good weekend. Let's start by taking a look at the markets. The SPYs and IWMs have bounced off the 5...
Friday, June 26, 2009

Weekend Weimer and Beagle

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It's that time of the week. See you on Monday

Is This Another Sign of A Market Correction?

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Yesterday the IEFs and TLTs made higher moves. Is this money that would be going into the market instead going into bonds because their yie...

CBO Sees Problems Brewing

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From the CBO: Today CBO released the Long-Term Budget Outlook . Under current law, the federal budget is on an unsustainable path—meaning t...

Forex Fridays

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Overall, the downward trend from the double top continues. Prices are moving lower and the MACD and RSI are confirming the trend. The 10 a...
Thursday, June 25, 2009

Today's Markets

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The big news today was from a technical perspective. Notice that prices moved above 10 day trendlines on all four averages. That's a v...

A Look At Unemployment Claims

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The 4-week moving average is still moving lower.

GDP Decreases 5.5%

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From the BEA: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States --...

FOMC Statement

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The key points are in bold. Information received since the Federal Open Market Committee met in April suggests that the pace of economic con...

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Click on all images for a larger image. The main point with all three averages is they are all in a confirmed correction -- that is, they ar...

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Click on all images for a larger image The weekly chart is still in an uptrend. While the market has sold-off a bit, it looks more like a b...
Wednesday, June 24, 2009

Today's Markets

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I'll post this in the morning.

Durable Goods Up

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From the Census Bureau: New orders for manufactured durable goods in May increased $2.8 billion or 1.8 percent to $163.9 billion, t...

OECD Report Sees Bottom

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The OECD has issued a report that says the bottom is near for the US economy. Here is a quick summary: The Organization for Economic Cooper...

Why Inflation Isn't A Problem

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A poster asked me to explain my position on inflation. First, here is a link to an article I wrote that outlines some of the issues. Plea...

Wednesday Commodities Round-Up

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Gold has been -- interesting. I first noticed this thanks to Tim Knight over at Slope of Hope. Gold broke a trendline last week. In additi...
Tuesday, June 23, 2009

Today's Markets

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Click for a larger image Notice the following: 1.) Prices made a big gap down yesterday on higher volume. 2.) Prices are below all the EMAs ...

A Look At the Transports

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Click on all images for a larger image. The Transports are part of Dow Theory, which basically says indexes have to confirm movements. That...