Monday, October 3, 2016

Monday Morning Chartology

The Morning Call


The Market

       Monday Morning Chartology

            The S&P has maintained its upward momentum.  It remains above its 100 day moving average and in uptrends across all timeframes; but still faces overcoming resistance at recent highs.

            Friday was the first really poor day for TLT in the last couple of weeks---likely attributable to an unwinding of risk following the DOJ/Deutschebank settlement rumors.  Still it ended above its 100 day moving average and within uptrends across all timeframes.

            GLD closed above its 100 day moving average, two prior lows and a key Fibonacci level.  However, it is holding on to a positive technical position by its fingernails.  A breakdown will likely push the Aggressive Growth Portfolio out of GDX.

            VIX chart is a bit confusing.  It finished below its 100 day moving average and within a short term downtrend---both a plus for stocks.  But it has also developed a decent very short uptrend---a negative.


            About that Deutschebank/DOJ settlement---Oooops (short):

                When it rains, it pours (medium):

                According to JP Morgan, Deutschebank’s biggest problem isn’t funding, its derivatives (medium):           


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            Five lessons from Peter Lynch.

    News on Stocks in Our Portfolios
AT&T (NYSE:T) declares $0.48/share quarterly dividend, in line with previous


   This Week’s Data


            Business investment and stock prices (medium):

            ***overnight, both September Chinese manufacturing and nonmanufacturing PMI’s advanced; the September EU manufacturing PMI was up



  International War Against Radical Islam

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