The Morning Call
The Market
Technical
Monday Morning Chartology
The S&P remains in its short and intermediate term uptrends but has yet to challenge its former all time high (1576) (the purple line).
GLD
remains solidly within its short term downtrend. However, the developing support level
continues in place.
The
VIX continues to trade well within its short and intermediate term downtrends.
Over
the weekend, I played around with our internal indicator and found something
interesting. First, when our stocks are
run against their all time highs: in a 144 stock Universe, 101 are above those
highs, 26 are not and 17 are too close to call.
So they continue to tell us that our Universe has broken out to the
upside.
However,
when I run a study comparing our stocks to their highs of the last three months: 56 are above those highs, 67 are
not and 21 are too close to calls. In
other words, our Universe appears to have lost momentum and is starting to roll
over.
Another
bullish technical indicator (short):
Update
on ‘the best stock market indicator ever’ (short):
Fundamental
Leading
expert on sovereign debt restructuring on Cyprus
and what is next (10 minute video---must watch):
Why
the Cyprus
template helps get rid of too big to fail (medium):
The
Cyprus bailout
from a somewhat different perspective (medium):
More
on valuation (medium):
And:
http://advisorperspectives.com/dshort/guest/Chris-Kimble-130327-Low-Cash-Levels-High-Margin-Debt.php
Morgan
Stanley on the not so record profits (medium):
Another
blow to the dollar’s reserve currency status (medium):
Investing for Survival
The
argument for physical delivery:
News on Stocks in Our Portfolios courtesy of
Seeking Alpha
Economics
This Week’s Data
Other
Update
on inflation (medium):
Politics
Domestic
International War Against Radical Islam
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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