The Morning Call
10/19/15
The
Market
Technical
While
the S&P had a great week, it remained below its 100 day moving average,
within a short term downtrend and an intermediate term uptrend. However, it surged above its September high
(green line) and is approaching its 100 day moving average---increasing the
odds of a challenge on its all-time high.
The
long Treasury is developing a pennant formation (orange lines). While that plays out, it remains above its
100 day moving average and within very short term, short term and intermediate
term trading ranges.
GLD
remains over its 100 day moving average (now support). On Friday, it re-set its short term trend to
up but was down enough to negate the break of the upper boundary of its
intermediate term downtrend.
The
dollar continues to lose strength. It is
in a very short term downtrend, below its 100 day moving average and is closing
in on a challenge of the lower boundary of its short term trading range.
The
VIX (15) continued its plunge. It is now
back below its 100 day moving average (now resistance), in a short term downtrend
and an intermediate term trading range.
Fundamental
Economics
This Week’s Data
Other
Japan
syndrome comes to China (medium):
Japan
sells bonds at all-time high negative rate (medium):
Global
debt market continues to expand (medium):
Oil
and bank lending (medium and a must read):
Politics
Domestic
Largest
healthcare insurer in Colorado goes belly up (medium):
More on the
problems with student debt (medium):
International War Against Radical
Islam
ISIS
fighters fleeing the scene (medium):
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