Monthly Archives: May 2012

Equity Outlook for the Rest of the Week

As we settle into the uncertainty that is creating volatile capital markets, we can begin to look ahead at the economic releases scheduled for this week.  I’ve noted some of the more impactful ones below.  Quite frankly, none are as … Continue reading

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Morning Brief for Tuesday, May 8, 2012

My quantitative levels continue to have a wide range after Friday’s downward movement.  Yesterday, the Oversold condition came in at 1365; the SPX opened up to the downside, achieved that level and followed through some, and then proceeded to reverse … Continue reading

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Time and Price Affect Sentiment; SPX Nearing Inflection Point

I’m not in the camp that thinks today was a win for equity market bulls.  Since the release of the Employment Situation report on Friday, the SPX is off 1.58%; the average two day return–the day of the release & … Continue reading

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Equity Futures Lower; Pressing Oversold Conditions

The initial reaction to Friday’s Employment Situation report was not nearly as bad as where the SPX closed.  Nevertheless, the SPX closed down some 22 handles; sending it to essentially the same level as the end of February. Today’s Overbought … Continue reading

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The Jobs Numbers are Out, Futures Lower

The first four days of this week have fulfilled the sideways-to-slightly-negative price action I was looking for on Monday.  This was part of a healthy digestion of last week’s rally; although the price action at times was semi-volatile.  The SPX … Continue reading

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Analysis of the S&P 500 on Jobs Day

Today was an ugly day for equities and Treasurys were not the beneficiary.  But in preparation for the Employment Situation report tomorrow, I thought it would be good to become familiar with some history.  Of the 15 Employment Situation reports … Continue reading

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The SPX Will Continue to Move into Overbought Territory

A quick recap to yesterday:  the SPX gapped down right to my Oversold level of 1398; ultimately giving way to down to 1394.  At that point, the SPX immediately reversed course back to 1398; holding that level for a bit … Continue reading

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Gold: The Best Long Term Investment – Gallup Survey

I don’t blame you.  Interest rates are next to nothing.  Stocks are experiencing frequent bouts of high volatility.  Pop went the real estate bubble.  Gold has increased in value on a yearly basis for the last 10 years.  I’m all … Continue reading

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Global PMI Day Off to a Sluggish Start

Both of yesterday’s quantitative levels were touched beginning with a minor sell-off to 1395 followed by an intraday reversal higher to 1410.  The SPX managed to continue up to 1415 only to end the day below my 1410 Overbought level. … Continue reading

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Revisiting “Sell in May and Go Away”

This is a slightly stale press release by now, but on April 17th BofA Merrill Lynch released its monthly Fund Manager Survey.  I revisit the topic because as May begins, I cannot help but to hear a discussion about, “Sell … Continue reading

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