The Morning Call
3/7/16
We have three grandkids of spring break with us this
week. I will attempt to write everyday
though the notes may be abbreviated.
The
Market
Technical
Monday Morning Chartology
The
S&P broke its short term downtrend and reset to a trading range and is now
sitting right on its 100 day moving average.
To confirm a reset of momentum, the Dow needs to break its short term
downtrend and both of the indices reset their 100 day moving averages from
resistance to support.
The
long Treasury is developing a very short term downtrend, a risk-on move in this
Market (sell bonds, buy stocks).
However, it is well within a short term uptrend, well above its
ascending 100 day moving average and has held the 128.38 Fibonacci retracement
level twice.
Gold
looks like it is getting overextended to the upside; but it could back off 4%
and still not break its very short term uptrend.
The
VIX is reflecting/supporting the current surge in stock prices. It is building a very short term downtrend
and has reset the 100 day moving average from support to resistance.
Fundamental
Rothschild
fears ‘daunting litany of problems’ (medium):
***overnight, China
lowered its 2016 economic growth estimate and was very cryptic about
implementing any fiscal stimulus; January German factory orders fell; the IMF
and EU are at loggerheads for a third Greek bailout over the strength of recent
Greek reform measures.
Investing for Survival
On
investment charlatans.
News on Stocks in Our Portfolios
Economics
This Week’s Data
Other
An
inside look at the oil and gas industry (medium):
Why
are oil imports rising (short):
Politics
Domestic
International
More
on what happens if Brexit occurs (medium):
Former UK ambassador to
Syria on current policy (medium and a must read):
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