Monday, March 23, 2015

Monday Morning Chartology

The Morning Call


The Market

       Monday Morning Chartology

            The S&P is back sniffing the upper boundary of its long term uptrend.  The last two times that it has done this, it managed to spend a brief time above that boundary but could not hold there.  My opinion is that it will do the same this time around; the operative words being ‘my opinion’.

            The long Treasury stabilized last week, ending within a short term trading range (note it challenged the lower boundary but couldn’t confirm the break), intermediate and long term uptrends, above its 50 day moving average and a developing very short term uptrend.

            GLD had a good day on Friday.  That notwithstanding, it remains within a very short term downtrend, short and intermediate term trading ranges, a long term downtrend and below its 50 day moving average.

            The VIX declined 7% on Friday, as would be expected on a strong up day.  It remained within a very short term downtrend, short term trading range, an intermediate term downtrend, a long term trading range and below its 50 day moving average.  For traders, current price levels off a cheap way to buy portfolio insurance.

            A preview of what is happening today in the Greece/Troika standoff (medium):

            The latest supply/demand data on oil (short):

          Investing for Survival

            The biggest investing mistake (short):

      News on Stocks in Our Portfolios

   This Week’s Data

            The February Chicago National Activity Index was reported at -.11 versus expectations of +.15.




Not only is the administration disregarding the congress role in the government but is also ignoring the judiciary (short):

Income inequality and the government’s role (medium):

  International War Against Radical Islam

            CIA declassifies document that supposedly justified the Iraq invasion (medium):

No comments:

Post a Comment