The Morning Call

The Morning Call

11/11/13

The Market

           

    Technical

     Monday Morning Chartology   

            The S&P looks fine.  It remains well within all major uptrends.

            The long Treasury was down big on Friday, breaking below the lower boundary of its very short term uptrend and negating the developing reverse head and shoulders.  This move if confirmed is pointing to higher interest rates.  TLT did remain within its short term trading range and its intermediate term downtrend.

            GLD also got whacked.  It closed right on the lower boundary of its very short term uptrend and remained within its short and intermediate term downtrends.

            The VIX was up 7% but continues to trade within its short term trading range and its intermediate term downtrend.

    Fundamental

    

            The latest from Ray Dalio (medium):

            http://www.zerohedge.com/news/2013-11-10/ray-dalios-bridgewater-feds-dilemma-were-worried-theres-no-gas-left-qe-tank  

    News on Stocks in Our Portfolios

 

Economics

   This Week’s Data

   Other

Politics

  Domestic

More on student loans (medium):

http://www.nakedcapitalism.com/2013/11/student-debt-is-crushing-young-peoples-economic-future.html

            More on the auto loan market (medium):

            http://www.zerohedge.com/news/2013-11-08/no-car-no-fico-score-no-problem-ninjas-have-taken-over-subprime-lunatic-asylum

  International War Against Radical Islam

            Update on the Iranian nuclear negotiations (medium):

            http://www.zerohedge.com/news/2013-11-10/iran-nuclear-programme-deal-fails-due-french-block-new-saudi-french-alliance-emergin

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.