The market remains in the doldrums, with every sign pointing to a continuation of the ennui. The 10-12 month cycle is ideally due to peak…
Before I get to the indicators and market charts, I want to do a quick update about domestic mutual fund flows, with some new data that has come to my attention.
Last week, we discussed the high number of mutual fund outflows which have been …
Liquidity indications were mixed last week, with the Fed still not doing much while foreign central banks were net sellers (see Treasury update). Commercial banks…
While virtually every technical analyst on the planet is watching the bullish triangle “continuation pattern” that’s been forming in the indices all month, I have stated on several occasions that I don’t think it’s real. After studying …
For once, what I found most interesting about yesterday wasn’t the charts. It was the push that suddenly materialized from the Fed to assure the market that the stimulus guns were ready, and loaded for bear. I found that quite unusual, because th…
Just another step along the way to the long term targets.
Gold Continuation Pattern and the Breakout to 2100
Well, for me it’s a continuation of the insane interest rate chart trend, shown below.
Really, if someone would have told me that in 2011 the U.S. will have racked up $15 trillion in sovereign debt (plus another hundred trillion in “off the books” obl…
There’s already been a bevy of analysts coming out with their forecasts on what the S&P downgrade means for the economy, what it will do to interest rates, other financial institutions, junk borrowers, and other entities somehow connected to the US …
WORST CASE – WAR
War is the worst thing that can happen to an economy, but it’s also the most likely thing at this point. When the going gets tough, the people in charge like to blame somebody else for the problem. That’s compounded by the f…
The indicator picture is inconclusive at the moment, but if the market is able to break out through the 1340 area, that should lead to…
