Monthly Archives: May 2011

74% of SPY Gap Open Filled!

Posted on May 31, 2011 by macromon

A quick update on our earlier post on today’s S&P500 gap open.  The SPY made an  intraday low of $133.84 after its 0.93 percent gap up at the open at $134.77.  This closed 74 percent of the gap, consistent with … Continue reading →

Posted in Equities | Tagged , , | Leave a comment

When Apple Leads, the Market Catches Fire

Posted on May 31, 2011 by macromon

Apple was up over $10 today in a rare 3 percent plus move not related to an earnings release and its biggest gain since the 3.28 percent January 24th bounce after the post earnings sell-off.   The stock was bolstered by … Continue reading →

Posted in Apple, Charts | Tagged , , , | 6 Comments

Fading the Open

Posted on May 30, 2011 by macromon

The overnight markets are all lathered up and maybe offside on the Greece bailout news (haven’t we seen this picture before?)  so we thought we’d take a quick look at gap up opens in the SPY (S&P500) ETF.   Since … Continue reading →

Posted in Equities | Tagged , , , | 2 Comments

Week in Review: Hamburger Capital Management

Posted on May 29, 2011 by macromon

The global equity markets continued their poor performance on very low volume.  All the U.S. equity indices were able to capture their 50-day moving average on the low volume end of the week rally.  All, however, made lower highs and … Continue reading →

Posted in Week in Review | Tagged , , , , , , , | Leave a comment

Global Trend Indicators

Posted on May 29, 2011 by macromon

(click here if table is not observable)

Posted in Commodities, Currency, Global Stock Performance | Tagged , , , , | 2 Comments

The Weekend Read: Bikini Wax Indicator

Posted on May 27, 2011 by macromon

If you’re getting a bikini wax in Brazil, you’ll likely find that the cost is rising. And if you’re an economic policy maker, you’ll likely see that as a problem, since the bikini wax is one of the items the … Continue reading →

Posted in The Weekend Read | Tagged , , , , , , , | 3 Comments

U.S. Regional Unemployment Rates

Posted on May 26, 2011 by macromon

An informative chart from the BLS showing the unemployment rate by region.  Last month,  the highest regional unemployment rate in the United States was in the West at 10.4 percent. The Northeast and Midwest had the lowest rates, 8.0 and … Continue reading →

Posted in Economics | Tagged , , , , | 1 Comment

The Good, the Bad and the Ugly (Stock Markets)

Posted on May 26, 2011 by macromon

We take a look at how a couple of the global equity markets we track are trading this week. The Good: After  hitting its lowest level since last July on Monday, the Brazilian BOVESPA has staged a nice 4-day rally … Continue reading →

Posted in Charts, Global Stock Performance | Tagged , , | 1 Comment

Chanos: “Not bearish enough on China”

Posted on May 25, 2011 by macromon

Wonder what the Goldie commodity traders think when they listen to Jim Chanos?  Or do they?  Think or listen? (click here if video is not observable)

Posted in Black Swan Watch, China, Video | Tagged , , | 2 Comments

Chart of the Day: U.S. Federal Spending

Posted on May 25, 2011 by macromon

Great chart from Deutsche Bank showing a times series of U.S. Federal spending.  Note the “peace dividend” and decline in defense spending during the 1990’s, which was partially responsible for the Clinton surpluses.  The chart also illustrates where the reform … Continue reading →

Posted in Chart of the Day, Charts, Fiscal Policy, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment