Screening measures weakened slightly, in spite of the small gains in the averages.
The FCB buying binge of recent weeks pumped plenty of excess cash into US markets, and the market partied on in spite of the fact…
By the 4 PM NY close the cash market was holding well above 2 day and 3 day cycle projections around SPX 1215. As of…
Indications were only mixed, in spite of the pullback Friday. The 6 month cycle up phase remains intact. Click here to download complete report in…
With 10-year Treasuries sub 2%, and growth restagnating, more and more people are buying into the “US is Japan” scenario. And it’s not just that the numbers look similar conomically.
The same thing has ailed both countries: a multi-year project to pa…
Liquidity measures were mixed last week. Fed pumping continues at a minimal pace and Operation Twist won’t change that. Foreign central bank buying of Treasuries…
The following is the summary lead-in to this week’s Wall Street Examiner Professional Edition Treasury Update. The subscriber link to the full report is below.…
08/26/2011
Oversold All Time Frames
by Carl Swenlin
After the price breakdown in late-July, some internal indicators quickly became oversold in the short-, medium-, and long-term, and have stayed there for nearly a month. This fact is clearly illustra…
Today’s retail sales report was far from a reason for the market to party. The media are reporting that on a seasonally adjusted basis, nominal…
The markets stumbled through this week in spite of having plenty of POMO and $16 billion in Treasury bill paydowns on Thursday to stoke the…