May 6, 2011
After a morning rally, the S&P 500 closed the day up 0.38%, but the week down 1.72%. Interestingly enough, the index soared at the open and by late morning had risen to a gain of 1.44%. The monthly employment report was no doubt a key dr…
May 5, 2011
After a morning rally, the S&P 500 closed the day down 0.91%, which is 2.09% below the interim high of April 29. The index is 97.3% above the March 9 2009 closing low and 14.7% below the nominal all-time high of October 2007. Here are tw…
May 5, 2011
The recent series of articles by guest contributor Ed Easterling triggered a great deal of interest in the Crestmont P/E ratio. Accordingly I am adding the Crestmont data to my monthly market valuation posts. The articles were written s…
May 4, 2011
After a morning rally, the S&P 500 closed the day down 0.69%. The index is 99.2% above the March 9 2009 closing low and 13.9% below the nominal all-time high of October 2007. Here are two charts of the index — with and without the …
May 3, 2011
After a morning rally, the S&P 500 closed the day down 0.34% despite a textbook 3 PM rally. The index is 100.5% above the March 9 2009 closing low and 13.3% below the nominal all-time high of October 2007. Here are two charts of the inde…
May 2, 2011
After a morning rally, the S&P 500 closed the day down 0.18% on below-average volume. The index is 101.6% above the March 9 2009 closing low. It is 13.0% below the nominal all-time high of October 2007. Here are two charts of the index &…
April 29, 2011
The S&P 500 closed the day up 0.23% and the week up 1.96% at another new interim high. The index is 101.6% above the March 9 2009 closing low. It is 12.9% below the nominal all-time high of October 2007. Here are two charts of the ind…
By not breaking down, the market set up a potential 13 week and 6 month cycle low. There are no indications to confirm that yet…
