Monday Morning Chartology

The Morning Call

9/30/13

The Market

           

    Technical

      Monday Morning Chartology

   

            The S&P remains in its short and intermediate term uptrends.  It is nearing its 50 day moving average (red line).

            GLD is moving higher slowly, but remains within a very short term, a short term and an intermediate term downtrend.  I continue to avoid.

            The long Treasury continues to drift higher, but remains within a short term trading range and an intermediate term downtrend.

            The VIX was up but is still meandering within a short term trading range.  It is also in an intermediate term downtrend.

            Update on ‘the best stock market indicator ever’:

            http://advisorperspectives.com/dshort/guest/Carlucci-Short-Update.php

   Fundamental

         

            How a 2000 year old asset allocation strategy holds up in today’s market (short):

            http://www.mebanefaber.com/2013/09/26/how-does-a-2000-year-old-asset-allocation-strategy-perform/

            How Wall Street is looting public pension funds (medium):

            http://www.nakedcapitalism.com/2013/09/taibbi-on-how-wall-street-is-looting-public-pension-funds.html

            How markets reacted in prior government shutdowns (medium):

            http://www.zerohedge.com/news/2013-09-29/how-market-reacted-prior-government-shut-downs

     Investing for Survival

            Marc Faber on when the  s**t hits the fan:

            http://www.zerohedge.com/news/2013-09-27/how-marc-faber-prepares-when-shit-hits-fan

   News on Stocks in Our Portfolios

            Boeing’s problems continue (medium):

            http://www.reuters.com/article/2013/09/29/us-poland-lot-idUSBRE98S0DI20130929

Economics

   This Week’s Data

   Other

            Economic pessimism trending down (7 minute video):

            http://www.zerohedge.com/news/2013-09-27/cnbc-admits-economic-pessimism-surged-2-year-highs

            Update on big four economic indicators (medium):

            http://advisorperspectives.com/dshort/updates/Big-Four-Economic-Indicators.php

Politics

  Domestic

  International War Against Radical Islam

            Saudis upset at Obama overture to Iran (medium):

            http://www.zerohedge.com/news/2013-09-29/saudi-arabia-outraged-obamas-peace-overtures-syria-iran

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 Investing For Survival is to help other investors build wealth and benefit from the investing lessons he learned the hard way.