Monday, September 24, 2012

The Morning Call---Monday Morning Chartology

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The Morning Call

9/24/12
The Market
           
    Technical

      Monday Morning Chartology

            The S&P is clearly solidly in both of its primary trends; and that means the momentum is to the upside at this moment and will be until the short term uptrend is broken.



            GLD (171.9) is still on a moon shot.  The upper boundary of the intermediate term uptrend is 175.5.
            The VIX traded back below the lower boundary of its intermediate term trading range---re-starting the clock of our time and distance discipline on the trend break.






            Update on ‘the best stock market indicator ever’ (medium):

    Fundamental
    
            Spain’s latest bail out plan (medium):

            Apparently, the Greeks have been lying all along (medium):

          News on Stocks in Our Portfolios
 
Economics

   This Week’s Data

   Other

            Global trade turns lower (short):

Politics

  Domestic

Romney’s 47% blunder (medium):

  International War Against Radical Islam

            Our Middle East foreign policy (medium):

            The European economy slips further (medium):
            http://www.nakedcapitalism.com/2012/09/europes-economy-sinks-from-sight.html


Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.



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