Monday Morning Chartology-2/4/13

The Morning Call

2/4/13

The Market

           

    Technical

       Monday Morning Chartology

            I thought that I would throw in a chart of the 20 year treasury to show the breakdown (rise) in prices (yields).

            The S&P remains on a tear and is driving hard the 1576 level.  Note that the upper boundary of its short term uptrend seems to acting more like support than resistance---a sign of getting overextended?

            GLD remains in something of a no man’s land---in a very short term uptrend but also a short term downtrend and an intermediate term trading range.

            The VIX remains in an intermediate term downtrend---very positive for stocks.

            More on sentiment (short):

            http://advisorperspectives.com/dshort/guest/Shedlock-130203-Extreme-Sentiment-Top-Call.php

            Update on ‘the best stock market indicator ever’:

            http://advisorperspectives.com/dshort/guest/John-Carlucci-Best-Indicator-Ever-Update.php

    

    Fundamental

    

            Update on fourth quarter earnings and revenue ‘beat’ rates (short):

            http://www.bespokeinvest.com/thinkbig/2013/2/1/earnings-and-revenues-beat-rates-for-q4-2012.html