Tag Archive for Cusp

Mind Blowing Economic Charts – First Time Claims, The Stock Market, and The Fed

Improvement in first time unemployment claims is slowing. Actual, not seasonally manipulated data, including an adjustment for the usual weekly upward revision, shows that the year to year rate of change is on the cusp of a possible upside breakout, which would be good news for stock market bears if it happens. Here’s why it’s…

Market Sitting On The Dime

At the close of the NY cash market yesterday, 2, 5, and 8 day cycle oscillators were on the sell side, but initial downside projections around 1265 were reached on an implied basis shortly after the close. However, if the SPX does not recover above 1267 in the early going, it looks vulnerable initially to…

Window Dressing and Tons of Euro Cash Send SP Futures Higher

The levels have changed since my last post on Tuesday, but as they say, “Patterns is patterns and cycles is cycles.” At the end of the year throw in a little window dressing to spice things up, and maybe a little red pepper with a half trillion Euro money pumping operation by the ECB. As…

Durable Goods Devil In The Details And The Big Picture

“Durable Goods Orders Rise 4%,” blared the headlines this morning. There was just one minor problem with that. It was not true. It represented the seasonally adjusted, massaged, and manipulated number, which bears no semblance to reality. The mainstream media always reports just the seasonal hocus pocus while ignoring the actual number. That actual number…