News Release- Produced by JPMorgan and Markit in association with ISM and IFPSM At 51.4 in April, up from 51.1 in March, the JPMorgan Global Manufacturing PMI™ signaled a modest expansion of the world manufacturing sector for the fifth month in a row. Output, new orders and employment all continued to rise during the latest survey…
Tag Archive for Divergence
Latest Business Headlines
PMI shows split as global manufacturing ticks up – Reuters
by Newswires • • 0 Comments
The GuardianPMI shows split as global manufacturing ticks upReuters| LONDON May 2 (Reuters) – Global manufacturing activity picked up pace last month but there remained a marked divergence between the United States and the euro zone, a report showed on…
Latest Business Headlines
Aussie, NZ Dollars Drop as Gauge Highlights Divergence – Bloomberg
by Newswires • • 0 Comments
Moneycontrol.comAussie, NZ Dollars Drop as Gauge Highlights DivergenceBloombergThe Australian and New Zealand dollars stayed lower versus their US counterpart after a factory gauge unexpectedly rose in April, highlighting a divergence between US econom…
Charles Hugh Smith
In Praise of Horrendously Costly Lessons
by Charles Hugh Smith • • 0 Comments
The feedback of failure, loss and defeat is our most helpful teacher.
I want to praise horrendously costly lessons, as those are the only ones we really learn from. We hype the value of “book learning” and give lip-service to “learning fr…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: That About Sums It Up…
by Pretzel Logic • • 0 Comments
Well, yesterday cleared up the counts quite nicely. The bullish trade trigger at 1374 elected and from there, the market pretty much traded straight up with zero drawdown. That trigger targets 1408.
We now have solid confirmati…
Charts, Economics, Email Bulletins Archive, Housing, Lee's Free Thinking, Must Read
CoreLogic Data Shows House Price Declines Slowing
by Lee Adler • • 0 Comments
CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was 1%. However, the 12 month rate of decline has been slowing sharply. According to CoreLogic, 6 of the 10 largest metropolitan markets in the US showed year over year declines…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX and VIX Update: VIX Diverging from SPX, and a Look at the Big Picture
by Pretzel Logic • • 0 Comments
Still no material change in the counts since February 8. The higher prices we’ve been expecting since then have finally arrived, and I believe that this standing target zone remains the bears’ best chance for a meaningful correction, due to …
Charts and Trading, Day Trading, Latest Business Headlines
Bombs Away on the S&P
by Lee Adler • • 2 Comments
SPX cash hit the 8 day cycle centerline at 1320 late on Friday and immediately began to pull back. It had also hit a 2 day cycle projection of 1320. The 2 day cycle oscillator however did not get to the sell side by the close. They left that for this morning’s open after the…
Charts and Trading, Day Trading, Latest Business Headlines, Technical Analysis
Market Completes False Upside Breakout
by Lee Adler • • 2 Comments
SPX (cash) opened weak, pulling the 2 day cycle to the sell side with a projection of 1308 in the initial moments which has been reached and slightly broken. As I completed this update, the projection looked to be around 1304.50. A 5 day cycle buy signal late yesterday has whipsawed from a weak position,…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
You Can’t Fool Mother Nature For Long: Profiting from Sickcare
by Charles Hugh Smith • • 0 Comments
Sickcare, the fast-food/packaged food industries, the entertainment industry and the Marketing/Mainstream Media complex are all facets of one system.
In America, the implicit belief system promoted by marketing is that you can eat anything you wan…
