Monday Morning Chartology--8/5/13

The Morning Call

8/5/13

The Market

           

    Technical

     Monday Morning Chartology

            I thought that a long term long at the S&P would be helpful.  Note its proximity to the upper boundaries of its short and long term uptrends.

            GLD’s chart remains a dismal affair.  Note the recent break below the very short term uptrend.

            The VIX closed right on the lower boundary of its short term trading range.  A break of that level would be a plus for stocks.

           

            BofA technician looks at the stock and bond markets (short):

            http://www.zerohedge.com/news/2013-08-04/ten-year-treasury-technical-trendlines

    Fundamental

    

            The latest from Charles Biderman (6 minute video):

            http://www.zerohedge.com/news/2013-08-02/biderman-blasts-bernankes-biggest-bubble-all-time

            News on Stocks in Our Portfolios

 

Economics

   This Week’s Data

   Other

            Jobs versus food stamp recipients (short):

            http://www.zerohedge.com/news/2013-08-04/spot-mirror-image

Politics

  Domestic

More problems with Obamacare (short):

http://www.aei-ideas.org/2013/08/a-new-obamacare-flaw-many-could-face-a-precipitious-subsidy-cliff-as-income-approaches-certain-limits/

George Will: Death by democracy (medium):

http://www.jewishworldreview.com/cols/will080113.php3#.UfwC_NJJ73k

  International War Against Radical Islam