The Morning Call
The Market
Technical
Monday Morning Chartology
Friday,
the S&P confirmed the break of its short term downtrend and is now in the
process of re-setting to a trading range.
The lower boundary is marked by 1343; the upper boundary is tentatively
in the zone of the 50 day moving average (1419) and the 1424 former support now
resistance level. It remains within its
intermediate term uptrend.
GLD
has broken down below its 50 day moving average as well as a very short term
uptrend. Close in support exists at
roughly 164. Further support is provided
by the lower boundaries of its short term uptrend and its intermediate term
trading range. If GLD penetrates the 164
support level, our Portfolios will Sell the remainder of their trading
positions.
The
VIX rose but remains below the 50 day moving average and the upper boundary of
its short term downtrend and above the lower boundary of its intermediate term
trading range.
Update
on ‘the best stock market indicator ever’:
Fundamental
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analysis of the Greek bail out ‘deal’ (medium):
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A
discussion of physical versus paper gold (medium):
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News on Stocks in Our Portfolios
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This Week’s Data
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Goldman’s
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Our
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