Monday Morning Chartology

The Morning Call

11/3/14

The Market

           

    Technical

        Monday Morning Chartology

            The S&P had a tremendous week, closing right on the upper boundary of its short term and intermediate term trading ranges, within its long term uptrend and above its 50 day moving average.

            The long Treasury handled the end of US QE and the triple down of Japanese QE fairly calmly. It ended the week in a very short term trading range, a short term uptrend, an intermediate term trading and above its 50 day moving average.

            GLD had a terrible week, finishing below the lower boundaries of its very short term, short term and intermediate term downtrends, the long term trading range and below its 50 day moving average.

            Not surprisingly, the VIX has a volatile week, ending within a short term uptrend, an intermediate term downtrend and below its 50 day moving average.

            Stock performance after mid cycle elections (short):

            http://blog.yardeni.com/2014/11/congressional-cycle-is-bullish-excerpt_3.html

    Fundamental

 

   

    News on Stocks in Our Portfolios

Exxon Mobil beats by $0.18, beats on revenue

·         Exxon Mobil (NYSE:XOM): Q3 EPS of $1.89 beats by $0.18.

·         Revenue of $107.49B (-4.3% Y/Y) beats by $1.98B.

Economics

   This Week’s Data

   Other

            US job vacancy rate (short):

            http://gregmankiw.blogspot.com/2014/10/job-vacancy-rate-is-back-to-pre-crisis.html

Politics

  Domestic

Quote of the day (short):

http://cafehayek.com/2014/11/quotation-of-the-day-1160.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CafeHayek+%28Cafe+Hayek%29

What will change if the GOP takes the senate?

http://www.zerohedge.com/news/2014-11-02/what-will-change-ifwhen-republicans-take-senate

  International War Against Radical Islam