Monday, October 7, 2013

Monday Morning Chartology

The Morning Call

10/7/13

The Market
           
    Technical

     Monday Morning Chartology
  
            The S&P’s bounce on Friday took it back above the lower boundary of its short term uptrend and its 50 day moving average, thereby negating Thursday’s break.



            The long Treasury is drifting within a short term trading range.  It is also in an intermediate term downtrend.



            GLD fell.  It continues unable to breach the upper boundaries of its very short term, short term and intermediate term downtrends.



            The VIX fell 5% of Friday but is still meandering within a year long short term trading range.



            Update on ‘the best stock market indicator ever’:

            More on valuation (short):

    Fundamental
  
            Goldman on the failure to raise the debt ceiling (medium):
     
      News on Stocks in Our Portfolios
 
Economics

   This Week’s Data

   Other

            Rail traffic rose in September (medium):

Politics

  Domestic

  International War Against Radical Islam










Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Investing For Survival is to help other investors build wealth and benefit from the investing lessons he learned the hard way.

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