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Category: US Markets

Thursday Technical Update: Treasuries vs Equities

Today was another battle in the war between US Treasuries (UST) and equity. Both continue to try and breakout and move higher, something that is simply not sustainable. Let me rephrase that it is sustainable to an extent. That was the case over the past five months. After a breakout to all time highs in July [...]

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US Treasuries and the S&P500.

I don’t believe this market is going to come to a specific level and reverse giving an all clear signal to go short and or exit longs. The basis for that statement is in late July 2011 the market experienced a minor pullback off no major technical level that quickly turned into a major decline [...]

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Complacency Risk Is High.

As I was writing this past weekend’s newsletter “A Technical Review Of The Markets” it really dawned on me just how complacent investors have become on the economy, the markets and risk in general.  The mainstream media, and most of analysts, are looking at recent improvements in the economic data as a sign that the economy has [...]

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Monday Technical Review

There are a lot of happy bulls out there right now with a level of complacency I don’t think I have ever seen. What I do find comical is many of these bullish individuals are claiming that credit is wrong here or the US has decoupled from various currencies pairs, etc. Where the comedy comes [...]

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FAIL: Federal Reserve Attempts To Stimulate Lending

Bernanke is trying every way he can to get banks to lend (printing coupled with a multitude of lending facilities and Fed programs). It’s easy enough to prove the printing: Base money supply is up about $1.8 trillion since the start of the recession. The charts below offer a stunning narrative of the Fed’s efforts [...]

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Patiently Waiting For The Golden Cross

Recently, we issued our market update as one of longer term weekly indicators issued a “buy signal”.    However, there is another indicator that is rapidly approaching the issuance of another buy signal which is known as the “Golden Cross”.  This is when the 50 day moving average of the S&P 500 index (the average price of the [...]

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Friday Market Review: A Lonely Bear

Completely different Market Recap today. In many ways I feel like I lost control of my own site. It’s not that I don’t welcome commentary I do but I get the sense my own views are being spun and turned back to me as chatter from a perma bear. If you have been a regular [...]

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New Year, New High Hopes for Stocks

You can probably relate: Every year, come January 1, I just can’t help but feel that “every little thing is gonna be all right,” as Bob Marley sang. This year, the mainstream financial community is sharing the same sentiment. Here’s how EWI’s Steve Hochberg summarized it [emphasis added]: At its conclusion, 2011 was marked by back-and-forth stock swings [...]

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Market Throws Off Buy Signal.

I realize that this may be somewhat confusing given the overriding issues with the economy, the Euro-Zone, the upcoming political debate on raising the debt ceiling and upcoming pressures to corporate profit margins…but the S&P 500 registered a “buy”signal last week.  In this past weekend’s newsletter (click here for free email delivery) we stated that ”…politics and economics make [...]

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