Stock screens and broad market indicators are sending conflicting signals, so there’s no reason to expect a change in the status quo. Long term indicators…
by Lee Wheeler
A lot of bears scratch their heads at the action we’re seeing and say, “Didn’t these fools learn their lesson from 2000-2002?” You could turn the question around and deduce that the bulls learned their lessons well indeed. Not from 2000-2002, but from 1998-2000.
During that 1998-2000 period, the mo-mo bullz saw that valuation […]
The Fed added $3.37 billion to the liquidity pool on Monday, issuing $3.75 billion in overnight repos, against $2.25 billion in expirations, plus announcing an…
Jeff Saut of Raymond “You Can Call Me Ray” James has an interesting Mohel chart today showing that risk-taking behavior in the market is a tad stretched—now nearly three standard deviations away from the norm of the past six years and, by far, more euphoric than any other time since 2000.
He adds: “Verily, since the […]
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing…
I came across an interesting graph of Housing Industry Employment in a Center for Economic and Policy Research (CEPR) PDF entitled Is the Housing Bubble…
The US stock market is now more extended versus the primary sources of macroliquidity than it has been at any time since 2002. Market risk…
I saw an interesting chart on another blog today about the Dow and its CONponents. I covered this before (on the Capitalstool.com message boards), but the divergence is really one for the books. Not that it matters, of course. Purely an academic exercise.
Friday’s action kept the market pinned to the top of a minor trend channel, but data from cycle based stock screens indicated underlying weakening. Centered…
by Lee Wheeler
Another scamweek is in the books. For the record, the Spooz were green all five days last week for a +20 point gain.
Since August, the SPX has been green on 18 of the 20 days during scamweeks for a net gain of 75 points. In the 14 weeks since the Aug low of […]
