Monday Morning Chartology

The Morning Call

4/14/14

The Market

           

    Technical

     Monday Morning Chartology

            The S&P had a rough week.  It did manage to remain within uptrends across all timeframes; though as you can see, it is very close to the lower boundary of its short term uptrend.  It also fell below its 50 day moving average.

            Thoughts on trading this week from The Stock Trader’s Almanac (short):

            http://blog.stocktradersalmanac.com/post/DIA-SPY-Trading-Around-April-Options-Expiration

            The long Treasury broke out of its short term trading range on its second try, re-setting to a short term uptrend.  This moves hints at recession/deflation or turmoil on the international scene (Ukraine).

            GLD continues to be untradeable.  It closed within both a short and intermediate term downtrend but managed to stay above its 50 day moving average by a short hair.

            The VIX moved up as stocks fell; but it still provides little help in determining Market direction.  It is in a short term trading range and an intermediate term downtrend and is above its 50 day moving average.

            Update on ‘the best stock market indicator ever’:

            http://advisorperspectives.com/dshort/guest/John-Carlucci-Best-Indicator-Ever-Update.php

    Fundamental

    

       News on Stocks in Our Portfolios

 

Economics

   This Week’s Data

            March retail sales were up 1.1% versus expectations of up 1.0%; ex autos and gas, they were up 1.0% versus estimates of up 0.5%

   Other

            The Baltic Dry Index continues to drop (short):

            http://www.zerohedge.com/news/2014-04-11/shipbuilding-orders-evaporate-baltic-dry-collapses

            Great interview with the former chief economist at the Bank of International Settlements (medium and today’s must read):

            http://www.zerohedge.com/news/2014-04-11/bis-ex-chief-economist-i-see-speculative-bubbles-2007

Politics

            Quote of the day (short):

            http://cafehayek.com/2014/04/quotation-of-the-day-960.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29

  Domestic

  International

            Russia losing leverage in gas deal with China (medium):

            http://www.minyanville.com/trading-and-investing/commodities/articles/Russia-Loses-Leverage-With-China-on/4/11/2014/id/54577

            Latest for Ukraine:

            http://seekingalpha.com/news/1672153-ukraine-deadline-for-rebels-to-stand-down-passes?ifp=1

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.

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.