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
Posts Tagged ‘ Current Market ’
The Trouble With Case Shiller, Again
The Case Shiller housing price index was released this morning and, as usual, it’s getting lots of media attention. I have no problem with that, except for one minor detail. It is a worthless and misleading indicator of current housing market conditions. Back in 2010 I wrote a public article called The Trouble With...
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Housing Fundamentals Improved, But Not Enough
Housing data in the past couple of months has been mixed. Lagging closed sales data shows prices declining. The problem with that is that the most current data represents sales closed in November, which for the most part were sales that went under contract in September. That tells us nothing about the current market....
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SPX and Dow Update: Just the Fax, Ma’am
Alrighty then. Apparently, the hours I'm keeping have become too much for my body these last few days. Many apologies. Here's the charts I finished last night before falling asleep at my computer for the 3rd night in a row. ...
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SPX and Euro Update: Euro Still in the Driver’s Seat
There are now so many indicators suggesting the market is forming a top, I'm beginning to lose count. Of course, past performance is no guarantee of future results and all that, but let me lay out the case for a top:
1) Friday was a non-farm pay...
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What Fed Does Now Could Skew Longer Term Cycles
The following is an excerpt from the Wall Street Examiner Professional Edition Long Term Outlook Update. The link for subscriber access to the full report with 13 pages of charts, analysis and conclusions is below. For the past several years I have alluded to the similarity between this market and the 1969-71 period. That...
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The S&P 500: Down for the Day and Week
May 20, 2011
The S&P 500 closed the day down 0.77% and the week down 0.34%. The index is 97.1% above the March 9 2009 closing low but 14.8% below the nominal all-time high of October 2007. Here are two charts of the index — with and without th...
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The S&P 500: Choppy Day With a Modest Gain
May 19, 2011
The S&P 500 closed the day up 0.22%, trimming the month-to-date decline to 1.47%. The index is 98.6% above the March 9 2009 closing low but 14.2% below the nominal all-time high of October 2007. Here are two charts of the index — ...
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The S&P 500: A Gain After Three Down Days
May 18, 2011
The S&P 500 closed the day up 0.88%, trimming the month-to-date decline to 1.68%. The index is 98.2% above the March 9 2009 closing low but 14.3% below the nominal all-time high of October 2007. Here are two charts of the index — ...
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The S&P 500: Seven of Eleven May Daily Closes in the Red
May 16, 2011
The S&P 500 closed the day down 0.62%. Of the eleven market days so far in May, there have been seven closing losses for a month-to-date decline of 2.5%. The index is 96.5% above the March 9 2009 closing low but 15.1% below the nominal ...
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The S&P 500: Friday the 13th Selloff But Only Fractionally Negative for the Week
May 13, 2011
The S&P 500 closed the day down 0.81% but the week down only 0.18%. The index is 97.7% above the March 9 2009 closing low but 14.5% below the nominal all-time high of October 2007. Here are two charts of the index — with and witho...
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The S&P 500: Down Day But Fractionally Positive for the Week
May 11, 2011
The S&P 500 closed the day down 1.11% but remains fractionally positive for the week (up 0.14%). The index is 98.4% above the March 9 2009 closing low but 14.3% below the nominal all-time high of October 2007. Here are two charts of the...
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Bear Turns to Bull
May 10, 2011 new update
During the Great Financial Crisis, I updated this chart overlay on a daily basis. I retired it over a year ago, but I continue to post occasional updates on request. So here it is again, for a financial professional in Mou...
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The S&P 500: Tuesday’s Advance on Weak Volume
May 10, 2011
The S&P 500 closed the day up 0.81% on a bit better volume than yesterday, but still about 20% below the 50-day volume moving average (Monday's volume was 36% below the 50-MA). The index is 100.6% above the March 9 2009 closing low but ...
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The S&P 500: Monday Advance on Vanishing Volume
May 9, 2011
The S&P 500 closed the day up 0.45% on (if my Stockcharts.com data is correct) the lowest volume of the year. The index is 99.0% above the March 9 2009 closing low but 14.0% below the nominal all-time high of October 2007. Here are two c...
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The S&P 500: The Friday Bounce
May 6, 2011
After a morning rally, the S&P 500 closed the day up 0.38%, but the week down 1.72%. Interestingly enough, the index soared at the open and by late morning had risen to a gain of 1.44%. The monthly employment report was no doubt a key dr...
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The S&P 500: Fourth Day Down
May 5, 2011
After a morning rally, the S&P 500 closed the day down 0.91%, which is 2.09% below the interim high of April 29. The index is 97.3% above the March 9 2009 closing low and 14.7% below the nominal all-time high of October 2007. Here are tw...
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The S&P 500: Third Day Down
May 4, 2011
After a morning rally, the S&P 500 closed the day down 0.69%. The index is 99.2% above the March 9 2009 closing low and 13.9% below the nominal all-time high of October 2007. Here are two charts of the index — with and without the ...
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The S&P 500: Another Down Day
May 3, 2011
After a morning rally, the S&P 500 closed the day down 0.34% despite a textbook 3 PM rally. The index is 100.5% above the March 9 2009 closing low and 13.3% below the nominal all-time high of October 2007. Here are two charts of the inde...
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The S&P 500 Morning Rally Fades to a Small Loss
May 2, 2011
After a morning rally, the S&P 500 closed the day down 0.18% on below-average volume. The index is 101.6% above the March 9 2009 closing low. It is 13.0% below the nominal all-time high of October 2007. Here are two charts of the index &...
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The S&P 500 Hits Another New Interim High
April 29, 2011
The S&P 500 closed the day up 0.23% and the week up 1.96% at another new interim high. The index is 101.6% above the March 9 2009 closing low. It is 12.9% below the nominal all-time high of October 2007. Here are two charts of the ind...
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Mervyn King’s statement in March ’08 -wikileaked-
March ’08 Cable - Systemic Insolvency Is Now The Problem, Global Bank Bailout Needed - Bank of England’s call for a sovereign consortium to manage the collapse
I have some questions with regard to King's suggestion about how the crisis should b...
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The Trouble With Case Shiller
The mainstream media wasted hours reporting on and analyzing the Case Shiller Housing Index today. Did even one pundit mention what’s wrong with the Case Shiller data? If Dow Jones used the methodology to report the Dow Industrials that Standard and Poors uses to construct the Case Shiller Index (CSI) the Dow would be...
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Like 1971, Only Different- Professional Edition
The 1969-71 period has continued to serve well as a map for the current market, suggesting that a top would occur in January. That led to a correction in 1971, followed by another upleg to an all time high in 1972. Are we, in the present day, about to veer off the road? Click...
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Look From Both Sides Now – Professional Edition
There are still more signs this month that the market may be embarking on a cyclical bull market within a secular bear market, similar to that which took place between May of 1970 and January 1973. Cyclically, there are many similarities between the current market action and the initial leg up in 1970, and...
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Radio Free Wall Street 11/19/2008
Lee Adler, Russ Winter, and Aaron Krowne discuss the the latest news developments, Russ’s view that the current market is like the Panic of 1907 and that it’s time to buy the future winners, and Lee’s argument that it’s wrong to be long. It’s a heated discussion, and it’s up to you to choose...
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SPX Update: Gaps Usually Get Filled
Yesterday, the market spent the majority of the session in consolidation mode, and formed a wave structure which looks corrective -- indicating that it's reasonably likely there are at least slightly higher prices to come before this wave com...
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