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: March 2009
Wishy Washy – Professional Edition
The market’s rally on Tuesday fizzled late in the day and lost more ground in the after hours. That leaves lots of questions, with indicators sending conflicting signals and prices generally locked in a range. Here’s what to look for as indications for the next move. Click here to download complete report in pdf...
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Radio Free Wall Street 3/31/09
Lee Adler and Russ Winter discuss whether the Fed’s monetization will spur inflation. The answers could surprise you. Russ and Lee give their views on how to play the market in view of current Fed and Government actions.
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Actionable Cloak of Complexity
The whole idea of a âleveraged public-private partnershipâ between Pig Men and the American citizenry makes my blood curl. From an investment point of view the bigger winners from this will be the âprivateâ looters like Blackrock and Pimco. However for me, there are two problems with speculating along side those players.� First, I...
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Splish Splash, We’re Not Takin’ A Bath – Professional Edition
Having failed to break through resistance, the market appears to be setting up another trading range. Intermediate indicators are still rising, but time counts and the action of the market as it approached downtrending resistance suggest the possibility that 10-12 month and 6 month cycle highs could be forming. Click here to download complete...
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Treasury Drops A Bomb – Professional Edition Fed Report
It was bad enough having to cope with $80 billion in Treasury settlements on Tuesday, but then the Treasury dropped another bomb, announcing that it would do 3 CMBs this week. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within...
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Bank of America to take over GM at request of US government
by Trader Joe Charlotte, NC (Stool Pigeons Wire) – Bank of America will take over GM at request of the US government. When asked, Ken Lewis, CEO of Bank of America stated, “We think that GM will be a good strategic fit for Bank of America. Along with our forced acquisitions of Countrywide and...
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Actionable The Game
For the new government intervention programs to work some of the big players need to get back in the game. Key players are the primary dealers (PD) who represent an integral role especially at the security underwriting stage. The fact that they have reduced agency holdings on the order of $100 billion and corporate...
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The One Chart Market – Professional Edition
There are so many sector charts that look alike that the rally seems driven by the futures and index funds. There doesn’t appear to be much independent buying of stocks per se. I suspect that this is not bullish because there’s no real investment accumulation going on, just gaming of the system. In fact,...
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Actionable The Latest in Smoke and Mirrors
February margin debt data is out, and to some surprise was not reduced significantly despite the big drop in stock prices. This means that accounts were less adequately collateralized and thus this report should be construed as “less constructive”.
On other fronts the US Financial Accounting Standards Board (FASB) changed the mark-to-market rules...
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Not Always What It Appears – Professional Edition Fed Report
The market looks forward next week to a day of heavy Treasury settlements on Tuesday, with a total bill of $80 billion coming due. Knowing that, it was a relatively safe bet that the market would be down on Friday, and probably Monday as well. Even though the Fed stepped up and bought another...
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Actionable Hold Your Horses
Insiders are continuing to beat a hasty retreat as the market exploded higher. Wages withheld continue to weaken by degree, and in fact on a year over year basis is pushing an ugly negative 6%, as bad as it has been.
Consumer spending and sentiment actually has notched worse recently, and wait...
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Merrily We Roll Along – Professional Edition
The market continued on its merry way on Thursday, but an increasing number of technical indicators are beginning to peel off. 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...
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Taxpayers – Prepare To Get Screwed
(Stool Pigeons Wire) by Trader Joe Prepare for the following: Authorized PPIPPIPPIPIPP Buyer (APB) gets approved to buy bank legacy debt and then
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Hidden Paydown Spurs Rally – Professional Edition Fed Report
The market put on a good show this week, rallying in the face of $57 billion in new Treasury supply. It also got some help from the Fed, which bought $7.5 billion of Treasuries and $2.7 billion of Agencies in Open Market Operations earlier in the week. This afternoon it announced that for the...
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Russia, China, and the SDRs Thing
by Mr. Moto There appears to me some substance in the Russia, China and SDRs news. I have been waiting on what opportunity both of them, together, would find for themselves. Not that they are to blame for anything. They must do what is best for them. News has also been that Russia intends...
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Actionable Bahia
I currently out in Bahia away from Salvador (Brazil), have a slow connection, so will take a little break until Friday. For anybody looking for great vacation spot I would recommend Morro de Sao Paulo on an island along Brazil’s coast south of Salvador. It is very reasonable price wise, with a great assortment...
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What Comes After Major Inflection Point – Professional Edition
The late rally on Wednesday left an ambiguous picture, with short term indications suggesting a pullback while intermediate signs suggest the up phase still has some work to do. 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,...
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When the going gets weird, the weird turn pro
by Spock And man, are things getting weird now or what? First, the UK has a failed gilt auction AFTER the BofE promises to backstop the gov’t debt. Then, the U.S. Treasury prices fall for five days straight AFTER the Fed announces their own “Quantative Sleazing” program.
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Radio Free Wall Street 3/25/09
Lee Adler and Aaron Krowne contemplate the Treasury’s PIPPICK, and what it might mean for the markets.We also look at possible opportunities in real estate in light of the new home sales data.
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Return To Scene of Crime – Professional Edition
The market had a problem with some interesting resistance levels on Tuesday. The areas around 812 on the SPX and 7725 on the Dow were the bottom of the pattern that broke down in February and that’s where the rally stalled. In that sense, so far the rally is just a classic return to...
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Oregonian newspaper cuts pay, part-timers – NWCN
PORTLAND - Oregon’s largest newspaper is trimming its bottom line. The Oregonian announced on Monday that it would cut employee pay, initiate furloughs and even lay off part-time staff in an effort to return to profitability. Image courtesy ...
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Fed Announces Treasury Purchase Schedule
The 10 year note rallied sharply this afternoon when the Fed announced that it would begin its program of purchasing $300 billion of longer term Treasuries on Wednesday. Maturities to be purchased will be in the 7 to 10 year range. Operations will be conducted only with the Primary Dealers. These operations will add...
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Bids Pour In To Treasury Auctions – Professional Edition
Massive indirect bids at Tuesday’s Treasury auctions suggest that the Treasury buying panic, far from subsiding, is actually building again. 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...
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The Hearing – A new horror flick
It’s long, but you don’t want to miss this, the latest installment in the greatest horror movie of our time.
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