This chart is now in the Economic Chart Gallery and will be updated regularly. [singlepic id=62 w=480 h=360 ]Click to view full size. While the media trumpets gains in consumer confidence, the long term trend is miserable. Sentiment is barely back to 1992 recession levels, severely lagging the gains in stock prices or even the…
Tag Archive for Term Trend
Professional Edition, Technical Trader
Market Hanging By A Thread, or Not
by Lee Adler • • 5 Comments
The market broke major support on Friday and is now hanging by a thread, the thread being the possibility that the break was just a final shakeout of an oversold 13 week cycle low. Any downside follow through on Monday would suggest that the 6-7 week cycle is dominant, and may be headed below the…
Latest Business Headlines, Lee's Free Thinking, Must Read
Mainstream Media Touts Consumer Sentiment 4-Year High, But Here’s What You Need to Know
by Lee Adler • • 2 Comments
Consumer Sentiment at More Than 4-Year High blared the headlines. Here’s what you really need to know about that.
Charts, Economics, Email Bulletins Archive, Lee's Free Thinking, Must Read
Lots of Conomic Data Releases, All Of Them Misleading
by Lee Adler • • 0 Comments
There’s been lots of conomic data over the past couple of days. I covered the NAHB builder survey yesterday. Regardless of the fact that the housing market is at pathetic levels historically, the builder data showed the rebound off the lows to be on track. Today, the government released data on housing starts to add…
Email Bulletins Archive, Lee's Free Thinking, Must Read
Durable Goods and The Stock Market, with The Fed In The Driver’s Seat
by Lee Adler • • 0 Comments
Durable goods orders rose 8.7% In February versus January on a nominal, not seasonally adjusted basis. The mainstream media reported only the 2.2% seasonally massaged increase, which missed the consensus expectation of 2.9%. The actual, unadjusted increase was the best February gain since February 2004, so the actual data could hardly be read as disappointing.…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
US Dollar Update: More Upside for the Dollar?
by Pretzel Logic • • 0 Comments
[NOTE: The Weekend SPX Update is posted immediately below]
[My long-term dollar count/charts can be found in this article (which also nailed the bottom last month)]
This is a quick dollar update, since so many markets are tied to the dolla…
Bears Chat, Best of the Forums
Bear Market Rules Apply
by Bears Chat at The Wall Street Examiner • • 0 Comments
09/02/2011
Bear Market Rules Apply
by Carl Swenlin
It is a concept that we stress on a periodic basis, and we got another illustration this week. Technical indicators must be interpreted within the context of the overall market trend.
(This is an ex…
Charts, Economics, Email Bulletins Archive
Durable Goods Devil In The Details And The Big Picture
by Lee Adler • • 1 Comment
“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…
Bears Chat, Best of the Forums
The NYT on Foreclosure: Can We Talk About Sex?
by a Wall Street Examiner • • 0 Comments
Catchy headline…
The NYT On Foreclosure: Can We Talk About Sex?
Actually, I meant to say “housing bubble,” but in top policy circles it might be easier to get a discussion going on sex. The NYT’s lead editorial defends the Obama administration’s …
Liquidity Trader, Professional Edition
Smoking Dope – Professional Edition Fed Report
by Lee Adler • • 0 Comments
The awful performances of the longer term Treasury auctions contained within them a sign that foreign central banks are beginning to reverse a normal intermediate cycle upswing in their purchases of Treasuries and GSEs. The long term trend of FCB purchases continues to be down. The Treasury has expressed confidence that the domestic banking system…
