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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Atlanta Journal ConstitutionEurope stocks inch up after G8 vague on Europe fixAtlanta Journal ConstitutionBy NATALIYA VASILYEVA AP MOSCOW — European stocks inched up Monday morning in spite of investors' lingering concerns that the G-8 leaders ha...
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Tyler Durden is a “person” (or persons), who doesn’t want to reveal his true identity in public, instead cloaking himself behind a mythical cinema persona. That persona is who “Tyler” wishes he was, not who he is. You all know “Tyler.” He’s the guy who started and runs Zerohedge, which is a truly great...
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So I’ve been riding the Miami Marilyns’ fans about their lack of a sellout in their new glass palace in the middle of an inaccessible city neighborhood location with no subway access and no interstates nearby, and a parking situation from hell (Can you say garage parking for 5600 cars, and scattered offsite 6...
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Apparently I wasn’t the only one who correctly guessed that Friday’s jobs data would be a big miss. (http://wallstreetexaminer.com/2012/04/05/nonfarm-payrolls-should-fall-by-377000-but-they-wont/). In spite of the fact that the market averages were only down a hair, sell signals cropped up on a number of intermediate technical indicators on Thursday, and the screening data was much weaker than...
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Treasury supply was in line with the TBAC forecast in the week just completed, but there are signs in weak tax withholding that suggest possible surprise increases in supply that the market could ill afford at the moment. The Fed met a big Treasury issuance on March 15 with a big settlement of the...
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The following is the executive summary of the Wall Street Examiner Professional Edition Housing Update. The complete report with illustrative charts and analysis is available to subscribers here. The report is also available via 30 day risk free trial. Click here for information. This is as good as it gets for the Treasury market....
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The following is the executive summary of the Wall Street Examiner Professional Edition Housing Update. The complete report with illustrative charts and analysis is available to subscribers here. Housing data continues to be mixed. Lagging closed sales data shows prices still declining. However, the most current sales data represents January closings, which were mostly...
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Treasury yields reached the top of the recent range and appeared headed for a breakout when along came Ben, with his mighty arms outstretched he lifts up the playing field and tilts it, and back down yields went, in spite of the big week of Treasury auctions and the market facing a big wad...
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. On Greece
I spoke with someone from Athens today. It's not a pretty picture.
Issues related to subsistence have replaced the fervor for demonstrations. This may not last according to this resident.
The closing of stores and shops is escalating. A...
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The Treasury rally got some help this week from a surge in Federal Withholding Tax collections that is helping to keep new supply down. Whereas new supply had been exceeding TBAC estimates for the past couple of months, it has come back in line with estimates, and could be reduced even further in the...
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Screening measures weakened slightly, in spite of the small gains in the averages.
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The FCB buying binge of recent weeks pumped plenty of excess cash into US markets, and the market partied on in spite of the fact that the bill comes due for $43 billion in new Treasuries comes due next Tuesday.
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By the 4 PM NY close the cash market was holding well above 2 day and 3 day cycle projections around SPX 1215. As of 5:30 PM SP futures had shown no sign of a real bounce in spite of the fact that they had been sitting on the lower edge of the 5...
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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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With 10-year Treasuries sub 2%, and growth restagnating, more and more people are buying into the "US is Japan" scenario. And it's not just that the numbers look similar conomically.
The same thing has ailed both countries: a multi-year project to pa...
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Liquidity measures were mixed last week. Fed pumping continues at a minimal pace and Operation Twist won’t change that. Foreign central bank buying of Treasuries and Agencies remains exceptionally weak. However, the massive deposit flows from Europe into the US system continued. In spite of that, banks continued to dump Treasuries, adding to the...
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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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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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An optimistic start for early openers in spite of US doing a holiday (or maybe because of): Kiwis +0.5%, Aussies +0.9%, Nikkers +1.2% and Sth Korea +1%.
In Aussie sectors, Telecomms +1.3%, Financials and Miners +1.1%, no red sectors at this stage.
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Today’s retail sales report was far from a reason for the market to party. The media are reporting that on a seasonally adjusted basis, nominal retail sales fell less than expected. An analysis of real retail sales suggests that the underlying trend is weakening, and that contrary to the market’s reaction today, the outlook...
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The markets stumbled through this week in spite of having plenty of POMO and $16 billion in Treasury bill paydowns on Thursday to stoke the speculative fires. But alas, a minor problem looms. The Treasury will issue $68 billion in net new debt on Monday that the market must pay for. The Treasury says...
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The indirect bid at this week’s bill auctions ominously weak, in spite of reduction of 4 week bill to $34 billion from $40 billion, and the paydown of $25 billion in CMBs resulting in a net paydown of $30 billion at Thursday’s settlements. The paydown is very bullish in the short run, but the...
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Both stocks and bonds are holding up nicely as the Fed pumps in enough cash to keep things bubbling along in spite of the fact that banks and foreign central banks (FCBs) are not helping. That is because the Treasury is helping with very light supply and even some paydowns scheduled through early May....
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The Treasury floated $27 billion in net new supply this week, and the Fed’s POMO totaled–wait for it–$27 billion! Sheer coincidence, I’m sure. With the Fed buying every scrap of paper that the Treasury created, the market was able to digest it with ease. The 10 year yield dropped 17 basis points on the...
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The Treasury again had to raise extra cash this week with an unscheduled Cash Management Bill (CMB) as its cash pile fell well below the levels necessary to pay the bills. In spite of that it was still a relatively easy week for the market to handle with just $8 billion in net new...
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By not breaking down, the market set up a potential 13 week and 6 month cycle low. There are no indications to confirm that yet in spite of the weak rally on Wednesday. 10-12 month cycle indicators are on recent sell signals. Click here to download complete report in pdf format (Professional Edition Subscribers)....
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Restrained Worldwide Population Growth is a Long-Term Benefit
Money Morning Contributing Editor Martin Hutchinson detailed earlier this week how worldwide population growth will affect global commodity prices, prompting many readers to express praise for his well-supported analysis.
Hutchinson cited the United Nations report "2010 Revision of World Population Prospects" published May...
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