The Morning Call
1/26/15
The Market
Monday Morning Chartology
Using
a longer term chart smooths out the volatility.
What we see from the 10,000 foot perspective is the S&P in uptrends
across all timeframe, but unable to get back to its former high. On a very short term basis, it is in a
trading range.
Friday,
TLT bounced back above the lower boundary of its very short term uptrend,
negating Thursday’s break. It remains
solidly within uptrends across all the other timeframes and above the 50 day
moving average.
GLD
was very busy last week technically speaking.
It re-set its short term trend from a trading range to an uptrend and
its intermediate term trend from down to a trading range. In addition, it is in a very short term
uptrend, has pushed through the upper boundary of its short term uptrend and is
firmly above its 50 day moving average.
As you can see, GLD started to consolidate on Friday. If it bounces anywhere short of the lower boundary
of its short term uptrend, our Portfolios will nibble on the recovery.
The
VIX moved down last week’s as stocks made some progress. It finished the week bouncing off its 50 day
moving average (eliminating a potential break) and remaining within its short
term trading range and intermediate term downtrend.
Fundamental
The
latest from Van Hoisington (medium and a must read):
***overnight,
the radical left anti austerity party in Greece won a near majority in the
Greek parliament. Now the fun starts.
And
this 5 minute interview with the new finance minister:
Investing for Survival
The
problem with the lack of diversification (medium):
News on Stocks in Our Portfolios
·
Revenue of $2.51B (+5.5%
Y/Y) beats by $10M.
Economics
This Week’s Data
Other
The
dollar comeback (short):
Politics
Domestic
International
US
boots on the ground in Ukraine? (short):
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