US stocks rally after worst week of year – Xinhua

Newswires May 21, 2012 0 Comments

US stocks rally after worst week of year
Xinhua
NEW YORK, May 21 (Xinhua) — US stocks rebounded on Monday after major indexes suffered their worst weekly losses of the year in the previous week. The Dow Jones industrial average gained 135.10 points, or 1.09 percent, to settle at 12504.48, …
How the Dow Jones industrial average and other major stock indexes fared on MondayWashington Post

Deteriorating Technicals and a Slap in the FacebookTheStreet.com
S&P 500 set to snap six-day losing streakCNBC.com
Citybizlist (press release) –Chicago Tribune
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When Hope Is Not a Good Thing

When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.

Sell Signals Again Have The Edge From Friday’s Swing Trade Screen

Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.

Stock Market on the Brink

From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.

Get Ready for the Coming Bond Market Bloodbath

Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.

Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.

Constructive Signs for Gold Digging

The cycle picture is hazy. The table at left (subscriber version) is my best guess. A short term low is due, but at a lower projection. The would-be 13-17 week cycle up phase has gone nowhere, despite a new projection that points higher. If it doesn’t get out of this range soon, it would suggest the possibility of a wicked down phase ahead. If the price holds above the May-August downtrend line as shown on this chart (subscriber version), that would be constructive