The Morning Call
8/25/14
The Market
Technical
Monday Morning Chartology
On
Friday, the S&P traded back below the upper boundary of its short term
trading range. That negates Thursday’s
break and leaves the short term trend in a trading range. Intermediate term and long term it remains
within uptrends. It is also well above
its 50 day moving average.
The
long Treasury continues to perform well.
It closed Friday in a short term uptrend, and intermediate term trading
range and above its 50 day moving average.
The bond guys don’t seem worried about the Fed tightening sooner than
has been expected.
GLD
rose fractionally on Friday, bouncing off the lower boundary of the developing
pennant---a glimmer of hope. It remained
within a short term trading range, an intermediate term downtrend and below its
50 day moving average.
VIX
fell, unusual for a day when stocks are down.
It remains within short and intermediate term downtrends and below its
50 day moving average.
Fundamental
The
latest from John Hussman (medium):
News on Stocks in Our Portfolios
Economics
This Week’s Data
The
July Chicago Fed National Activity Index came in at .39 versus expectations of
.20 and the June reading of .12.
Other
What
retiring boomers mean to jobs, growth, inflation and the Markets (medium, a bit
wonky but a must read):
http://www.advisorperspectives.com/dshort/guest/Franz-Lischka-140823-Impact-of-Boomer-Retirement.php
The
second lien scramble is back (medium):
Politics
Domestic
International
The
failures of the war on terror (medium and a must read):
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