Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Radio Free Wall Street
Monthly Archives: January 2007
Happy Days Are Here Again – WSE Pro
While it appeared that the Fed was doing nothing, it had actually signaled the market early in the day that happy days are here again, and not just for Democrats in Congress. By pumping a net of $9.5 billion into the repo pool, the Fed monetized all of the $18 billion in new Treasury...
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No Worries – WSE Pro
The Fed stepped up to the plate on a day the Treasury was settling $18 billion in new paper. It added a net of $9.25 billion to the liquidity pool with $13 billion in overnight repos against expirations of $3.25 billion. Most of what the Fed didn’t finance in the new Treasuries was absorbed...
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WSE Pro Bellwethers Update 1/31/07
The charts show the status of 22 large cap bellwether stocks in a representative sampling of leading industry groups. The charts include 13-week cycle centered moving average projections (or 6-7 week if the 13 week cycle projection is not available). WMT, MSFT, and GE, now included in the review. These projections are meant to...
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Where’s the (Subprime) Love?
All of a sudden it doesn’t seem like subprime is where many financial institutions want to be, nor as I reported yesterday are Riskloves so eager to provide default protection. As reported at Aaron’s Krowne’s Implode O Meter, a number (16 at last count) of players in the sector have had the plug pulled...
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No Shock Treatment – Will Market Sell No News? WSE Pro
The market rebounded from key support lines on Tuesday, with the consensus expecting that the Fed will do nothing. Regardless of what the Fed does, the seeds of at least short term rally have been sown. The Fed would have to shock the market with a rate hike and an actual tightening of the...
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Flush Market Doesn’t Need Fed – WSE Pro
The Fed cut another $1.5 billion from the liquidity pool on Tuesday with $3.75 billion in overnight repos against expirations of $5.25 billion. $18 billion in new Treasuries settle today and another $1 billion settles Thursday. I had expected to see more Fed pumping to help absorb the new paper, but the market didn’t...
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Might as Well Have Jean Claude Trichet Write My Blog
Although central bankers like ECB chairman Trichet have been incredibly slow on the uptake, they now appear to be throwing down the gauntlet generally on excessive risk taking and on what has best been described as “dark matter”, or derivatives. The chart that follows shows just how “big” the challenge that Trichet describes has...
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Getting A Jump… on Waiting – WSE Pro
The market drifted aimlessly Monday as traders got a jump on standing around. That’s usually what they do for about ½ a day while they are waiting for the Fed rate announcement. This Fed meeting will be a two day affair so we’ll have to wait for Wednesday afternoon for the real firewords (sic)....
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Crunch Time Approaches
I’ve been quiet lately, just observing how things are going. Time for me to break my silence.
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Fed Readies For Onslaught – WSE Pro
The Fed added cut $750 million from the liquidity pool on Monday with $5.25 billion in overnight repos against expirations of $6 billion. $18 billion in new Treasuries settle on Wednesday and another $1 billion settles Thursday. We should expect to see more Fed pumping to help absorb the new paper; otherwise, the market...
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Show Me the Money: Demographic Influences Going Forward
In December I wrote a rebuttal concerning the extreme wealth distribution bifurcation (Gini Coefficient) in America. Today’s blog focuses this even further to take a look at key shifts at work in US age demographics. I specifically look at the Boomer groups: pre-retirees 55-64, and older boomers 45-54. I am employing keep it simple...
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WSE Pro Dollar Index and Bond Yields Update 1/28/07
Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro subscribers only). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s...
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FCS Chart Features
Now I am going to go into more detail about the various indicators and signals found on the FCS chart. Below is the current chart with some helpful labels.
CLICK TO ENLARGE
The most critical are the vertical GREEN and RED lines. Only these are the actual BUY(GREEN) and SELL/CASH (RED) signals. The last vertical line is green, so...
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If Not Now, When? WSE Pro
The SPX edged down to a key trendline on Friday and held—for the time being. A break of that trendline would probably signal the beginning of the 10-12 month, and perhaps 18 month cycle, down phase. So will it or won’t it? And if not now, when? Click here to download complete report in...
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Fishy Smelly Stuff out of Wall Street and Other Loose Ends
Late in Friday’s session the market and financials rallied back hard on a story that Bankamerica and Countrywide Financial were exploring a “partnership”. The words “including merger” were also added to the story. CFC stock spiked about four dollars at one point on huge volume of 37.8 million. Notice the big high volume...
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Getting Even
South Floriduh Beanie Baby prices continued to plunge in December, the Floriduh ASSociation of Reamtors admitted Thursday. Broward County had 1 fearclosure for every 35 households in 2006, which ranks No. 9 out of the nation’s top 100 metropolitan areas.
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Thoughts on Gold and Oil
In the financial press, I often hear comments about the gold and oil markets that make the following assertions. The first is that oil prices have a direct and immediate influence on the price of gold. The second is that oil prices have a negative influence on gold mining shares. I have prepared charts to investigate if these relationships are indeed present.
The first is a two-tiered...
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WSE Pro Precious Metals Update 1/26/07
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free...
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Creditors Are Not Being Paid on Their Albatrosses
Indications are mounting that China at last to going to increase interest rates to stem inflation, a hyper heated economy and excessive imbalanced credit creation. Emerging markets which have been trading lately in stop and start fashion, were hit hard as a result. This move in combination with a long overdue hike out of...
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A Certain Stench – WSE Pro
Wednesday’s Hail to the Chief rally had me scratching my head—and a few other places. I now know why; a bid case of GID—Government Interference Disease. Thursday’s reversal allowed a certain stench to escape from Wednesday’s perplexing pop. Today the indicators are painting a more coherent picture, one that’s consistent with the patterns that...
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Fed Fills Bowl For Big Wad of TP – WSE Pro
The Fed added a hefty $5.5 billion to the liquidity pool on Thursday as they began pumping in the liquidity to help absorb that big wad of Treasury paper bearing down on the market. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty...
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WSE Pro Bellwethers Update 1/25/07
The charts show the status of 22 large cap bellwether stocks in a representative sampling of leading industry groups. The charts include 13-week cycle centered moving average projections (or 6-7 week if the 13 week cycle projection is not available). WMT, MSFT, and GE, now included in the review. These projections are meant to...
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Behind the Scenes: Machiavellian Manuveuring
Oil got a boost from the Administration’s announcement that the US will more aggressively fill the Strategic Petroleum Reserve (SPR). China is now doing the same on it’s reserve. My hunch is that the drop in oil prices has opened up the strategic fill option for China to push the envelope, and now the...
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Patience And Cash- WSE Pro
The SPX broke out to a new high on Wednesday. In the process, the 4 week cycle which had been expected to be opposed to the 6-7 week cycle up phase, appeared to resynch, putting the three key short term cycles in gear on the upside… Click here to download complete report in pdf...
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Fed Takes Its Mark, Gets Set – WSE Pro
The Fed added $500 million to the liquidity pool on Wednesday with $4 billion in 8 day repos against expirations of $3.5 billion. While the amount wasn’t notable, the fact that they are going to leave it in for 8 days could be a signal that they intend to do a little monetizing in...
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Long Term Structures Unchanged- WSE Pro
Long term charts and indicators show no sign of significant changes since the last review in December. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full...
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