Monday, November 10, 2014

Monday Morning Chartology

The Morning Call

11/10/14

The Market
           
    Technical

       Monday Morning Chartology

            The short term trend on the S&P re-set to an uptrend on the close Friday.  A finish above 2019 today will do the same for the intermediate term.  At that point, the S&P re-syncs with the Dow; and the trends for both will be up for all timeframes.

            Is the stock market weaker than it looks? (medium):



            Gold is in downtrends across all timeframes.  The only question is, does the Friday rally presage a bounce back above the former lower boundary of its long term trading range and, hence, the potential end to the current massacre or is it just a pause before another onslaught?



            The VIX is now near the lower boundary of its short term uptrend and has fallen below its 50 day moving average.  Given the recent pin action in the Averages, one would expect the VIX to break the uptrend and reinforce the move up in stocks.



            Political and other cycles driving the market (short):


Fundamental
 
            The latest from John Hussman (medium):

       Investing for Survival

            Wish I knew then what I know now (medium):

      News on Stocks in Our Portfolios
 
Economics

   This Week’s Data

   Other

            Draghi’s efforts to save the euro come to naught (medium):

Politics

  Domestic

  International War Against Radical Islam

            Obama’s Iran diplomacy (medium):

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