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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Apple Inc. (Nasdaq: AAPL) investors have cringed as the stock slipped about 16% from its peak over the last two months.
But given the absence of any catastrophic bad news, why is AAPL stock tumbling? And where will it stop?
It's important to note off...
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The League of Ordinary GentlemenJP Morgan's rally lifts financial sectorMarketWatchNEW YORK (MarketWatch) — Shares of JP Morgan Chase & Co. rose almost 5% on Tuesday, leading financial stocks higher as they began to rebound from a bruising se...
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TIMEEURO GOVT-Bunds dip on profit taking but Greece still in focusReuters* Bunds dip on profit taking after new highs hit on Friday * Greek worries mean no big selloff seen before poll * Belgium to sell up to 3.0 billion euros of bonds By Kirsten Donov...
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The market selloff looked ugly, but cycle screening measures are either lagging badly or signaling that this weakness won’t be sustained. That’s like saying the market will either go up or down, but I’m leaning toward door number two, that the market isn’t as weak as it looked on Friday. Once Monday’s big Treasury...
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Was today’s selloff just the dealers shaking the low hanging fruit from the tree?
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An initial selloff for the early openers: Kiwis -0.3%, Aussies -1.1%, Nikkers -0.8% and Sth Korea -1%.
Not too much panic selling in Aussie sectors: Gold -2.8% and Miners -1.8% are down the most and Telecomms +0.3% is the only green.
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The Treasury market panic saw a bit of a reversal this week, partly due to an unexpected, large increase in supply because of a sharp drop in Federal tax revenues over the past couple of weeks, and partly due to the market misunderstanding of Thursday morning’s news. The “better than expected” weekly unemployment claims...
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Liquidity indicators backed off slightly from their recent strength last week, but overall they remain firm. I see no reason to expect either a big selloff or a big move higher in either stock or bond prices. The rangebound behavior of the markets shouldn’t change, except for one thing. The rumors are that the...
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SPX (cash) closed Friday on a weak note with 2, 5 and 8 day cycle oscillators all turning down, but with 2 and 5 day cycles both due for a cycle low imminently. The opening here is virtually unchanged from Friday’s close, with the indicators mixed and directionless. Support is indicated at about 1277,...
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The SPX (cash) has bounced from a 2 day cycle projection of 1266, but both 2 and 5 day cycle indicators have just turned down, suggesting that more downside is likely, but even the 3 day cycle projection only points to 1264 and time counts suggest that both 2 and 5 day cycle lows...
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Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home. The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 percent, down from 69 percent in 2006...
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Bulls rule,except for a 5 minute selloff near the bell.
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BREAKING: Societe Generale's uber-bearish strategist Albert Edwards is still... bearish.
Despite the big selloff, he's still convinced that everyone is too optimistic. Ultimately, he sees the market losing about 65% of its value from here.
Read m...
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Traders felt like Ben didn’t leave enough punch in the bowl, or something worse. The selloff was dramatic, but there’s less here than meets the eye. The market has crossed some part of the range it covered today on 24 of the past 33 trading days.
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Early openers doing the cliff dive: Kiwis -1.4%, Aussies -2.5% and Nikkers -2.1%. Sth Korea closed.
Pretty much an across-the-board selloff apart from Gold which is flat. Healthcare -4.2% is leading followed by Financials -3.2% and Energy -3%.
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The Treasury market, counter-intuitively, rallied after S&P downgraded US debt. It was a perverse buying panic. In spite of Thursday’s selloff in Treasury’s and poor 30 year bond auction, it’s not clear that that panic has ended. One signal that it has ended might be weekly close in the 10 year above 2.25%. Until...
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Markets are getting destroyed today on a raft of concerns about the economy. Most notable is the crisis in Greece, which is watching its market evaporate furiously, even after a recent bailout of Greece that was designed to stem the contagion.
Thi...
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Next week’s Treasury calendar is light, with another paydown on Thursday and plenty of POMO, so if ever stocks had an excuse to rally, this would be it. The Federal Government would probably be happy to see stocks rally at the expense of a selloff in Treasuries since the government is not selling notes...
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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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May 9, 2011
Here's a chart based on the weekly gasoline price update from the Department of Energy with an overlay of West Texas Crude (WTIC). Gasoline prices at the pump are virtually unchanged from last week. Year-to-date, the average price for re...
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May 9, 2011
Here's a chart based on the weekly gasoline price update from the Department of Energy with an overlay of West Texas Crude (WTIC). Gasoline prices at the pump are virtually unchanged from last week. Year-to-date, the average price for re...
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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 market sailed through a week of light Treasury supply with reduced POMO support. A big Treasury paydown this week put extra cash in dealer trading accounts and it did exactly what we expected it to. S&P threw a little glitch into things on Monday by putting the US on a negative watch. They...
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The premarket selloff brings the market to key trend support lines. 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 refund. It’s that simple. Click here...
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Here Is What A Significant Selloff In Gold Might Look Like With Our Active Chart Formations
http://jessescrossroadscafe.blogspot.com/2010/10/here-is-what-significant-selloff-
in.html
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Late one night, when we were all in bed,
Mrs. O'Leary lit a lantern in the shed.
Her cow kicked it over,
Then winked her eye and said,
"There'll be a hot time in the old town tonight!"
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I predict the selloff will come from a face...
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