The Morning Call
4/28/14
The Market
Technical
Monday Morning Chartology
It
looked like we were going to get two great up weeks in a row, until Friday’s
pin action spoiled all the fun. That
aside, the S&P is still trading within uptrends across all timeframes. However, at Friday’s close, it was again
nearing its 50 day moving average (wiggly red line). In addition, it could also be building the
right shoulder of a head and shoulders formation---something to watch.
The
long Treasury continued to advance, finishing within a short term uptrend,
above its 50 day moving average and within an intermediate term downtrend. The bond guys are still betting on either
recession/deflation or international turmoil---clearly at odds with the stock
jockeys.
GLD
remains a broken chart. Nothing positive
to say.
Except
this must watch 13 minute interview with Grant Williams:
The
VIX is as boring as GLD is ugly. This
index has been in a trading range since mid-2013, providing us with little information
on market directions.
Update
on ’the best stock market indicator ever’:
Fundamental
Investing for Survival
Four
reasons why real estate may not be as good an investment as you think (medium):
News on Stocks in Our Portfolios
Economics
This Week’s Data
Other
What
economics has become (medium)?
Lumber
prices and housing (short):
Politics
Domestic
International
Latest
from Ukraine:
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