Monday, May 20, 2013

Monday Morning Chartology--5/20/13


The Morning Call

5/20/13

The Market
           
    Technical

       Monday Morning Chartology

            There is nothing to say.  This chart speaks for itself.  The only question is ‘how high before the fall?’



            GLD is now testing its April low and the lower boundary of its long term uptrend.  If successful, our Portfolios may start to nibble.



            The VIX was down on Friday.  But even on such a strong up day, it made no attempt to challenge the lower boundary of its long term trading range.



            Update on ‘the best stock market indicator ever’:


    Fundamental
    
            More on valuation (short):

            Another hint of caution from a Street bull (short):
           
     News on Stocks in Our Portfolios courtesy of Seeking Alpha
 
Donaldson (DCI): FQ3 EPS of $0.46 misses by $0.03. Revenue of $619M (-4% Y/Y) misses by $40.41M.

Economics

   This Week’s Data

   Other

            The disconnect between Wall Street and Main Street (medium):

Politics

  Domestic

Look who is now in charge of your healthcare (medium):

In case you missed this weekend news (medium):

  International

            More on Benghazi (medium):

            A message from the Boston Marathon bomber (short):

            Immigration into Germany (short):
           



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