Monday Morning Chartology

The Morning Call

12/9/13

The Market

           

    Technical

      Monday Morning Chartology   

            The S&P remains within uptrends in all major time frames.

            The long Treasury continues to build a head and shoulders formation---which if completed would not good for bond prices.

            The only good thing about this otherwise horrible looking chart is that GLD hasn’t made a new low or even seriously challenged the old low of its current long term trading range.

            The VIX remains in that long, short term trading range and it intermediate term downtrend.

    Fundamental

           

            More on valuation (medium):

                        http://www.zerohedge.com/news/2013-12-06/everything-you-wanted-know-about-equity-market-valuations-and-didnt-know-ask

     

            And:

            http://www.zerohedge.com/news/2013-12-06/just-two-charts

            And:

            http://www.zerohedge.com/news/2013-12-06/are-stocks-cheap

      News on Stocks in Our Portfolios

 

Economics

   This Week’s Data

   Other

            A review of income demographics (medium):

            http://www.aei-ideas.org/2013/12/explaining-income-inequality-by-household-demographics/

Politics

  Domestic

Fact checking the prez (short):

http://gregmankiw.blogspot.com/2013/12/the-cea-fact-checkers-miss-one.html

What’s good for me but not for thee (medium):

http://www.zerohedge.com/news/2013-12-06/sec-officially-above-law-prosecutors-decline-charge-sec-employee-violating-internal-

  International

            Update on the Japanese/Chinese dispute (medium):

            http://www.zerohedge.com/news/2013-12-08/japan-press-china-japan-war-break-out-january

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.