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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Posts Tagged ‘ Download Pdf ’
Pullback Due In Gold With Precious Metals Stocks On Edge
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 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). See the current full sized...
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Mixed Indications In Times Of Trouble
Indications were only mixed, in spite of the pullback Friday. The 6 month cycle up phase remains intact. 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...
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Market Top, Or Pause In The Stampede?
Conditions now appear favorable for a short term and possible intermediate high to form, but certain additional signals are necessary. This report discusses them.
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Market In Suspended Animation
Rather than adding clarity, the market’s stall on Tuesday created a state of suspended animation, causing a couple of upside projections to abort and another to moderate.
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Big Hoo Ha in Big Names, Big So What
A couple of big names had huge rallies on Friday. That pushed the averages up, but the underlying technical picture did not improve significantly. 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...
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Musical Chairs – Professional Edition Fed Report
After Monday, there will be no new Treasury supply settling until November 30. Meanwhile the Fed has promised to pump between $41 billion and $56 billion in cash into Primary Dealer trading accounts during that period. With no new supply to be absorbed, where will the PDs put that cash to work? Click here...
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Does A Bear Sit in the Woods? Professional Edition
The market’s moderate decline on Monday triggered early warning sell signals on a number of cycle screen indicators, although not yet on the indicators of the broad market averages.
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Sharks in the Water- Professional Edition
Time counts suggest that a short term cycle low should be forming, but
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Unusual Things Go Bump In The Night – Professional Edition
13 week cycle status has now recovered above 90% on the sell side. This was a quick V shaped recovery coincident with a similar recovery in the market averages. It’s highly unusual. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If,...
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Cracks in the Eggshell, Professional Edition
The Treasury’s calendar is massive this week, with $61 billion in new supply. So far, the results have not been stellar at Monday and Tuesday’s auctions. Rates and yields rose and bid/covers fell versus the prior auctions. Indirect bids were mostly weaker on the bills. They were about the same as last month on...
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No Respite from Supply in April- Professional Edition
The Treasury again ran short of cash and yesterday it announced that it would sell $21 billion in 10 day CMBs, which it auctioned today. Next week’s calendar is gargantuan. New supply will total $61 billion, with $28 billion settling on April 8, and a net of $33 billion that will settle on April...
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Sell in May and Go Away – Professional Edition
Monday’s auctions again saw strong demand, but higher rates. Supply was actually a bit lower than anticipated, this week. The TARP warrant sales probably had a small impact on that, but more importantly, tax receipts carried through on February’s strengthening with more strength in March. Click here to download complete report in pdf format...
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Jobs Report to Crush Stocks, Lift Treasuries- Professional Edition
The month to date tax receipts for the full month of February are out. Withholding taxes were down 2.3% year to year. That’s a big improvement in the rate of decline over recent months. The change was only -0.6% versus January. This is the best performance since 2007 when the month to month change...
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Hanging In The Balance- Professional Edition
Cycle based stock screening data was stronger in all but one measure, suggesting that the downtick in the market averages on Wednesday would be followed by an up day on Thursday. This morning’s action suggests otherwise, but it’s early. The dip buyers will be tested. Click here to download complete report in pdf format...
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Treasury Gets Yields Down – Professional Editon Fed Report
Part of the reason for today’s bond market strength was the big paydown in the 4 week bill. The $18 billion paydown left investors with nowhere to go. With the weak earnings scare, the first option for those getting cash jammed back into their pockets was intermediate term Treasuries. Click here to download complete...
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An Idea- Professional Edition Fed Report
While I still don’t know exactly how the Treasury built up that enormous cash hoard, we may have gotten a clue today how it intends to use it. 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...
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When Will It End- Professional Edition Fed Report
The wild card is a huge cash hoard that the Treasury has built up, several times larger than is typical for this time of year. If the Treasury uses that cash hoard to reduce debt operations in the short run, that will prop the market. If they use it to increase spending, it will...
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Distortions, Distortions – Professional Edition Fed Report
Today’s release of existing home sales by the NAR shows that Federal housing gift programs continue to distort the housing market. 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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Ben’s Little Game – Professional Edition Fed Report
The Treasury settled $49.7 billion in newly issued debt last week. Surprise, surprise, that’s almost the exact amount of MBS securities the Fed settled to its balance sheet. It has to be a matter of some consternation to Bernanke and Co. that even though the Fed has been conducting these back door maneuvers to...
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Where There’s Smoke- Professional Edition Fed Report
The Treasury has not announced a CMB this week, which means that apparently the $40 billion in CMBs due to expire on Thursday will not be rolled over. Normally that would be bullish. . If the market doesn’t move up, that would be a huge red flag. There are other signs of a storm...
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Throw Mama Under The Bus? Professional Edition Fed Report- CORRECTION
The week just past was easy in terms of new Treasury supply, with just the 4, 13, and 26 week bill auctions. Those are the weeks where the Treasury and Fed don’t need to prop the Treasury market because the government isn’t selling longer term debt. That changes next week with $60 billion in...
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Sneakin’ Out The Back, Doh! Professional Edition Fed Report
FCBs appeared to show up at the auctions this week, but they were apparently selling paper in the market even faster. This looks to me like an attempt to hoodwink the market by boosting the indirect bid, which all the media outlets are now following and reporting religiously, while quietly sneaking out the back...
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Noise In An Echo Chamber- Professional Edition
Cycle based stock screening data strengthened in all but the 6-7 week time frame. The sudden, sharp move in prices came without any real forewarning from the cycle indicators. 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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Treasury Prepares For Dump- Professional Edition Fed Report
Note sizes are about as expected for next week’s auctions, amounting to $98 billion in new supply that will settle the following Monday, 11/30. With these note sales looming, they went to work today to trigger a stock market panic to free up cash for the Treasury auctions. Click here to download complete report...
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Change in the Wind – Professional Edition
Cycle based stock screening data weakened across the board on Wednesday. This could be a significant signal 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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Hanging In The Balance- Professional Edition
Cycle based stock screening data went to the bulls 6 to 3, but the upticking in new short term sell signals suggests the approach of a short term peak. 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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The Bad, The Ugly, and The Uglier- Professional Edition Fed Report
Tax receipts collapsed at an annual rate of 18% in October, which is far worse than I had feared based on our tracking of the daily data. At the same time, mortgage purchase applications collapsed last week, signaling the tailspin we expected as the first time home suckers panic subsided. The extension of this...
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Making a Mockery- Professional Edition Fed Report
During weeks where there are no auctions of longer term paper, the government takes little action to suppress yields. That’s another reason why, when Treasury supply is light, stock prices tend to rise. When Treasury supply is heavy, they need to push yields lower. Their primary tool in doing that is by releasing worse...
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Mass Psychosis – Professional Edition Fed Report
The Treasury finished up a light week with a 4 week bill auction that drew another wave of panic buying keep the rate near zero. There’s no real sign of a letup to the mania, as terrified investors continue to seek the “safety” of the shortest term Treasuries. Panic behavior of this nature always...
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Raindrop in the Perfect Storm? Professional Edition
The net aggregate differential between buy and sell side cycle screen indications dropped from -1796 to -2018, the lowest reading since last October. At that time the low of -2316 occurred with the SPX nearly 100 points above its short term low and nearly 240 points above the November price low. Click here to...
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