The Morning Call
The Market
Technical
Monday Morning Chartology
The
S&P closed above the upper boundary of its short term trading range for the
second day. The time element of our time
and distance discipline expires today at the close. If that occurs, the short term trend will
re-set to an uptrend, marked by the two upward sloping black lines.
GLD. No change.
Prognosis not good.
The
VIX was down big on Friday and is approaching the lower boundary of its short
term trading range.
Update
on ‘the best stock market indicator ever’
http://advisorperspectives.com/dshort/guest/Carlucci-Short-Update.php
http://advisorperspectives.com/dshort/guest/Carlucci-Short-Update.php
Fundamental
News on Stocks in Our Portfolios
Economics
This Week’s Data
The
May Chicago National Activity Index was reported at -.13 versus expectations of
+.03.
Other
Quote
of the day (short):
Politics
Domestic
More government
incompetence (short):
International
Japanese Prime Minister Shinzo Abe’s
victory in upper-house election gives him a freer hand to execute economic
reforms.
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
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