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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HispanicBusiness.comGold Declines as European Crisis Concern Boosts DollarBusinessWeekBy Debarati Roy and Nicholas Larkin on May 23, 2012 Gold futures slumped the most in two weeks as concern that Europe's debt crisis is worsening boosted the dolla...
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Kansas.comWheat Rallies to Three-Month High as Dry Spell Hurts CropBloombergWheat surged to the highest price since early February, heading for the biggest weekly increase in 21 months, on speculation that dry weather in the US and the Black Sea region...
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CANADA FX DEBT-C$ rallies on risk recovery, inflation surpriseReuters* C$ hits session high of C$1.0139 vs US$, or 98.63 US cents * 2-yr bond yield climbs after stronger-than-expected inflation * Total inflation 2.0 pct annually By Claire Sibonney TORO...
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BloombergEuropean Stock Futures Drop as Moody's Downgrades BanksBloombergEuropean stock futures dropped, signaling the Stoxx Europe 600 Index will extend its longest losing streak in two months, after Moody's Investors Service downgraded Spanis...
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The Moral LiberalGold rallies on technical buying; dead-cat bounce?CNBC.comNEW YORK (Reuters) - Spot gold rallied more than 2 percent on Thursday for its largest one-day gain since late January, as technical buy signals and new signs of a sluggish US e...
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ForbesGroupon Rallies Sharply, With Earnings Due After The CloseForbesGroupon shares have spiked 10% Monday ahead of the daily deal's company's March quarter earnings report, which is due this afternoon following the close of trading. Street co...
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AFPStay In Stocks Or Sell In May?Forbes“Sell in May and go away” is strategy that some investors and traders are likely contemplating right now. The adage is based on the historically weaker performance of stocks during the May through October time...
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On Friday, the market again performed in accordance with the expectations of the preferred count, with the Dow and SPX hitting their targets and reversing within just a few points. This does remain a difficult market to anticipate,...
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Though nobody seems to notice, stock prices are correlated to employment, which is trending down.The Federal Reserve would have you believe that Monday morning ramp-and-camp and rumor-mill rallies in the last five minutes of trading are signs of a heal...
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Rallies don't seem to stick.
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LAS VEGAS—On Wednesday, Jerry Mann watched the house next to his get sold at a foreclosure auction. On Thursday, he was a proud participant in Occupy Las Vegas.
“It’s a shame about that house,” says Mann, a former small-town mayor fro...
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(For those new to Elliott Wave, please read The Big Picture: SPX Long Term Count and Projections.)There is an interesting scenario developing between the Nasdaq 100 (NDX) and the S&P 500 (SPX). The NDX appears to have completed its 1...
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The following is the summary lead-in to this week’s Wall Street Examiner Professional Edition Treasury Update. The subscriber link to the full report is below. A massive wave of panic buying has sent Treasury yields plunging to record lows. Data shows foreign central banks were net sellers in recent weeks, continuing a trend of...
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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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Although the market's really gone nowhere for some time.
We're back to the 1320-1350 range on the S&P again.
Stock Charts Graphic Link
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When there’s no Treasury supply and the Treasury actually puts cash back in the players’ pockets by paying down debt, adding that to the Fed’s money pumping into dealer trading accounts, you have the conditions for rallies. Since the schedules for both the Treasury supply and the Fed POMO are known in advance, it...
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Once Tuesday’s big Treasury settlement was out of the way, the market had clear sailing, with another paydown of T-bills at Thursday’s settlement adding to the Fed’s POMO to fuel rallies in both stocks and bonds late in the week. Sure, this market is news driven, but it followed the pattern we had expected...
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From The Daily Reckoning...
There are many mistakes people make that ensure they won’t get rich investing. In 2011, I think one in particular mistake will hurt more than others. I can sum it up by citing the phrase, “Generals fighting the last ...
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Investors should realize how irrational this all is. The United States is in a radical money-easing environment, in which the Fed is keeping interest rates artificially low while pumping money into the economy. This type of policy breeds speculative...
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Extreme bullish sentiment does not bode well for the markets. Check out this piece from the SeekingAlpha website...
This week's AAII sentiment survey is out, and the bullish sentiment is out of this world: 63% bullish and only 16% bearish, for a bull...
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http://www.schaeffersresearch.com/commentary/content/monday+morning+outlook+market+stuck+in+neutral%
3b+djia+slips+below+11100/observations.aspx?ID=103703#103703
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What the Trading Desk Is Expecting: Trading Range Reminiscent of Late 2009
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Snapback rallies for the early openers: Kiwis +1.3%, Aussies +1.5%, Nikkers +1.3% and Sth Korea +0.9%.
In the Aussie market: Gold, naturally enough, is heading the greens, +2.7% and the sole red is Healthcare -0.4%.
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Russ Winter and Lee Adler discuss the the stupidity of the assumptions underlying the rallies in stocks and bonds and suggest a strategy and tactics to take advantage.
Listen to a free release of the May 3 podcast.
Subscribers, click player below ...
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The market continues to frustrate bears and make bulls supremely confident. That’s often a recipe for a negative surprise. At this point there’s little sign of one. Of course if there was, it wouldn’t be a surprise. For sure, many charts are on the razor’s edge. So nothing would be a surprise. Confused? Welcome...
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You may have to squint a little to view this chart, but it shows equity mutual fund flows. It is evident that fund holders liquidated in mass at the market bottoms. Like almost all great rallies this one came on like gangbusters and the easy gains were made early before the public got onboard....
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More evidence that the economy failed to register the bounce even I was looking for came from April auto sales, a mere 9.32 million annualized. That’s not even a dead cat bounce, and just doesn’t cut it. And this is with a still benign inflation environment. Sectors like restaurants have had huge rallies, and...
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I am never quite sure what to make of ferocious one day wonder rallies, except to take them. I much prefer sneaky rallies like the one that developed in December to early January. Obviously, the market became severely oversold and compressed, so this rally should not be any surprise. However, we have seen the...
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The 6 month cycle up phase is having trouble getting off the ground. It apparently has used up the power of its initial thrust in just maintaining a trading range. That bodes ill for the future. The market averages ran right up to the 3 month downtrend line and gave up the ghost right...
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SPX Update: As the Market Grinds Lower, Complacency Abounds
Yesterday, both counts expected more downside, which the market provided. The picture has clarified just a little bit, and, as I see it, there are two main options for the short-term resolution. What's interesting about this market is that it's...
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