The setup and time is right for an intermediate up phase. All that’s needed now is follow-through.
The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment fell by 41,000 to 410,000 from a revised 451,000 (was 439,000) in…
The composite liquidity indicator rose last week mostly due to the Fed’s first MBS purchase settlements under QE3. The uptrend in market liquidity is still…
Gold is still trying to solidify an intermediate turn.
13 week cycle indicators have begun to edge to the buy side, moreso on the Nasdaq than the SPX, but the broad market should follow.…
Personal responsibilities have unfortunately intruded on your publication schedule more than usual today. As a result, the daily market update will be delayed until Wednesday…
Intermediate indicators are flashing the first signs of a potential turn.
Friday’s hints of a short term turn turned into an upside rout on Monday. This comes in a time frame where 13 week and 6…
The Fed is settling nearly $23 billion of its QE3 MBS purchases today and tomorrow. This is the second round of QE3 cash hitting the…
The Fed reported on Friday that Industrial Production declined by 0.4% in October on a seasonally adjusted basis, after rising in September by a like…