On November 14 the BLS released the Producer Price Indexes for October 2006. Weak September data was followed up by even weaker October data. PPI Highlights Prices for light motor trucks fell 9.7 percent following a 3.5-percent gain in September. For 12 months ending October 2006 the index for light motor trucks fell 12.4% Passenger…
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Professional Edition Publication Schedule Update
by Lee Adler • • 0 Comments
I will be back in the office Tuesday afternoon. Regular publication of the Professional Edition will resume with the market update Tuesday evening. — Lee
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Consumer Credit Plunges
by Lee Adler • • 0 Comments
I have been waiting for the consumer to cave in for many months now. Given past reversals in consumer spending one must question if the latest downturn is the real deal or just another outlier. In case you are wondering what I am talking about….. Here goes: MarketWatch is reporting U.S. consumer credit down by…
Professional Edition
Dead In The Water- WSE Pro- Real Estate
by Lee Adler • • 1 Comment
In spite of the recent mini-recovery in refis, purchase mortgage activity remains in the downtrend it has been in since June 2005. The refi recovery has been minimal considering the decline in both fixed and adjustable rate mortgages since the June peak in mortgage rates. Home sales are down and dead in the water. Click…
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Tricky Times – WSE Pro
by Lee Adler • • 0 Comments
The data has been trending weaker for more than a month now. While that doesn’t necessarily mean that the market averages will head down, it does mean that it will be harder to make money on the long side. Fewer stocks will be moving, and the moves will be smaller. Meanwhile, opportunities to make money…
Liquidity Trader Complete, Professional Edition
Fed Plays Tease- WSE Pro
by Lee Adler • • 0 Comments
With today’s action, the Fed has pulled the System Open Market Account (SOMA) back below the top of its 5 month flat channel and back below the lower line of the 5% long term growth channel. The Fed is playing tease at these critical levels. Click here to download complete report in pdf format (Professional…
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Publication Note
by Lee Adler • • 0 Comments
Due to the passing of a dear cousin this week in New York, I will be away from the office from Friday through Monday. The Professional Edition will not be published Friday or Monday. Publication will resume Tuesday afternoon or evening. Thanks for your support. Lee
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WSE Pro Precious Metals Update 11/9/06
by Lee Adler • • 0 Comments
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 trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for…
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Focus on California’s Bust
by Lee Adler • • 0 Comments
It’s reality check time in California as a series of data points are being released that suggest the obvious, a real estate related job Bust is well underway. First, Southern California recorded 14,216 single-family starts during the third quarter of 2006, a 17 percent decline from the previous quarter. Adjust the 2Q chart below accordingly. […]
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Post Election Panic
by Lee Adler • • 1 Comment
The Fed must have panicked today when they saw the election results. They pumped in another $7.5 billion unanswered by any expirations. They probably didn’t need to. Recognizing that fact tomorrow, and facing a ridiculous $23 billion in repo rollovers from the election week jam, they are likely to start pulling in some of that…