A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Massive intra-day rebound rally in all indexes.....
The Dow's final number tells all.......
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Moneycontrol.comUS STOCKS-Wall St falls on Europe woes, US dataReuters* European shares hit fresh 2012 low * Philly Fed lowest since September, leading indicators miss * Wal-Mart shares rise after results * Indexes off: Dow 0.3 pct, S&P 0.3 pct, Na...
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New York TimesAs One JPMorgan Trader Sold Risky Contracts, Another One Bought ThemNew York TimesBy AZAM AHMED For hedge funds that could smell blood in the water, it seemed to be an opportunity to take on JPMorgan Chase and win. It was, in fact, such a...
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The May Empire State Manufacturing Survey indicates that manufacturing activity expanded in New York State at a moderate pace. The general business conditions index rose eleven points to 17.1. The new orders index inched up to 8.3, and the shipments index shot up eighteen points to 24.1. The indexes for both prices paid and...
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Moneycontrol.comHedge funds eye further profits from JPMorgan lossesReutersBy Laurence Fletcher and Tommy Wilkes | LONDON (Reuters) - Hedge funds are holding out for further gains from their bets against JPMorgan's massive position in US credit der...
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via Misery builds for the euro zone | Reuters. The euro zone economy worsened markedly in April, according to business surveys that clashed with the prospect of a gradual recovery augured by European Central Bank President Mario Draghi this week. Friday’s purchasing managers indexes (PMIs), primarily covering services, suggested a recession across Europe’s currency union...
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Proactive Investors USA & CanadaUS STOCKS-Wall St slumps after weak payrolls reportReuters* April payrolls miss expectations * Weekend European elections eyed * LinkedIn jumps on results, outlook * Indexes off: Dow 0.8 pct, S&P 1 pct, Nasdaq 1.4 pc...
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FirstpostUS STOCKS-Wall St slumps after weak payrolls reportReuters* April payrolls miss expectations * Weekend European elections eyed * LinkedIn jumps on results, outlook * Indexes off: Dow 0.8 pct, S&P 1 pct, Nasdaq 1.4 pct By Chuck Mikolajczak ...
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Kansas City StarUS Stocks Decline On Eve Of Friday Jobs Report; Nonmanufacturing Activity WeakWall Street JournalBy Matt Jarzemsky Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Stock investors treaded cautiously a day before the government's employm...
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Moneycontrol.comDow closes at highest since December 2007Boston GlobeThe Dow hit its highest since Dec. 28, 2007, on news manufacturing grew the fastest in 10 months in April. Orders, hiring, and production all rose. Separately, Commerce said construct...
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GayTodayBlue Chips Lead the Way As Major Indexes Close HigherNew York TimesThe Dow Jones industrial average closed at its highest level in more than four years on Tuesday after an index of the nation's manufacturing level expanded at a faster rate ...
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Kansas City StarUS STOCKS-Signs of slowing economy drive S&P down in AprilReuters* VIX hits highest level in a week * S&P 500 falls 0.8 pct in April * Sunoco to be acquired; shares jump 20 pct * Indexes off: Dow 0.1 pct, S&P 0.4 pct, Nasdaq...
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The dark and dirty job of pointing out that the NAHB Housing Market Index present conditions index is up 11 points versus last April and traffic is up 5 points falls to me, I guess. The mainstream media and the NAHB itself has already widely reported only the bad news that April was down versus...
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Earlier this week I repeated that I've been cautiously bullish (too cautious, I also said) since October.
I also told you I was optimistic that all the major indexes would break through the important psychological, headline, and large-round-number resistance levels they started flirting with two weeks...
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This is a composite of the ISM Manufacturing and Non Manufacturing New Orders indexes (not the ISM Composite). I have backed out the seasonal adjustment hocus pocus and weighted the index according to the relative weighting of manufacturing and service...
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Apparently the MBAss (Mortgage Bankers Association) didn’t like the fact that someone in the financial blogo-wackosphere actually had the temerity to make use of real, hard data, that they hadn’t massaged. Now, not only do they not report the actual index level of their seasonally smoothed applications indexes, the charts of the not seasonally...
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November 4, 2011, 12:13 PM ET.
ECRI Leading Index: Another Tick Higher.
By Mark Gongloff
ECRI
ECRI weekly leading index rolling growth rate. Click for big image.For the third week in a row, the Economic Cycle Research Institute’s weekly leading ...
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October 28, 2011, 11:07 AM ET.
Green Shoots? ECRI Leading Index Ticks Up.
By Mark Gongloff
ECRI Weekly Leading Index rolling growth rate. Click for big image.This could be nothing, but the Economic Cycle Research Institute’s weekly leading index...
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Markets|9/29/2011 @ 8:30AM
Germany's Merkel Gets Votes To Expand European Bailout, Markets Relieved
UPDATE – Chancellor Angela Merkel secured her majority on a vote to ratify the new EFSF. 523 votes backed an expansion of powers and funds for the E...
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08/26/2011
Oversold All Time Frames
by Carl Swenlin
After the price breakdown in late-July, some internal indicators quickly became oversold in the short-, medium-, and long-term, and have stayed there for nearly a month. This fact is clearly illustra...
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On August 3, 2011 our Daily Growth Index went into growth territory for the first time in 566 days -- ending the longest consecutive string of contraction-days that we have ever experienced. Furthermore, the rise off of the record lows set as recen...
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If you thought the recovery was on track—the economy growing again, unemployment slowly receding, housing prices stabilizing, the stock market rising—you thought wrong. In recent weeks, virtually every indicator has headed south. The only consol...
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If nobody is going to open M2M, may I try?
The indexes did not roll over but,
Fall into the GAP?
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May 17, 2011 Analysis from Chris Kimble
Master market technician Chris Kimble looks at the NYSE Composite Index from both a daily and a weekly perspective. It's time for a major test, he suggests, and that goes for several other major indexes as w...
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May 13, 2011
Here is a table showing the annualized change over the past four months for Headline and Core CPI. I've also included each of the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes in ...
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“U.S. Homebuilder Confidence Rises in March to Highest Level in 10 Months,” screamed the Bloomberg headline this morning. It left out the fact that the readings were barely above 20 year lows. This is one of the most important indicators of the housing market because it represents the perceptions of direct market participants and...
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When the Fed, Treasury, and FDIC issued a statement yesterday on the Citigroup bailout, I didn’t know whether to laugh, cry, or… The potential enormity of this bailout raises the question of whether the Fed will continue to be able to recirculate the world’s existing cash, or will need to monetize. We don’t have...
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Following on other points in the Roubini matrix as discussed last Friday, in point 4 Roubini suggests that interest on mortgages and consumer loans are pushing higher. In fact, the resets on many adjustable rate mortgages are going lower. 40% of all mortgages are based on Treasury rates, and cost of funds indexes. The...
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