Monday Morning Chartology

The Morning Call

10/7/13

The Market

           

    Technical

     Monday Morning Chartology

  

            The S&P’s bounce on Friday took it back above the lower boundary of its short term uptrend and its 50 day moving average, thereby negating Thursday’s break.

            The long Treasury is drifting within a short term trading range.  It is also in an intermediate term downtrend.

            GLD fell.  It continues unable to breach the upper boundaries of its very short term, short term and intermediate term downtrends.

            The VIX fell 5% of Friday but is still meandering within a year long short term trading range.

            Update on ‘the best stock market indicator ever’:

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

            More on valuation (short):

            http://blog.yardeni.com/2013/10/blue-angels-flying-high-for-s-500-103.html

    Fundamental

  

            Goldman on the failure to raise the debt ceiling (medium):

            http://www.zerohedge.com/news/2013-10-06/goldman-fears-rapid-downturn-economic-activity-if-debt-limit-breached

     

      News on Stocks in Our Portfolios

 

Economics

   This Week’s Data

   Other

            Rail traffic rose in September (medium):

            http://www.calculatedriskblog.com/2013/10/aar-rail-traffic-increased-in-september.html

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