Monthly Archives: March 2013

Apple Closes Above 50-day SMA

Posted on March 22, 2013 by macromon

Nice action is Apple today.  After breaking above its 50-day at around $459 it closed very strong.  Looks good on a technical basis. This should get the traders all lathered up.  One of our faves into earnings. By the way,  … Continue reading →

Posted in Apple | Tagged , | Leave a comment

U.S. Equity Sector ETF Weekly Performance – March 22

Posted on March 22, 2013 by macromon

(click here if charts are not observable)

Posted in Sector ETF Peformance | Tagged , , , , | 2 Comments

Daily Interest Rate Monitor – March 22

Posted on March 22, 2013 by macromon

S&P500 flattish on the week but big rotation into defensive sectors. (click here if table is not observable)

Posted in Interest Rates | Tagged , , , , | Leave a comment

Weekly Eurozone Watch – Euro(con)fusion

Posted on March 22, 2013 by macromon

Key Data Points German 10-year Bund 8 bps lower; France 3 bps wider to the Bund; Belgium 5 bps wider; Ireland 15 bps wider; Italy unchanged; Spain 2 bps wider; Portugal 14 bp wider; Greece 114 bps wider; Large Eurozone … Continue reading →

Posted in Weekly Eurozone Watch | Tagged , , , , | 1 Comment

Quote of the Day

Posted on March 21, 2013 by macromon

There are two kinds of people who lose money: those who know nothing and those who know everything. – Henry Kaufman Eddy Elfenbein.

Posted in Uncategorized | Leave a comment

States with lower-than-national unemployment rates

Posted on March 21, 2013 by macromon

In January 2013, 24 states reported jobless rates significantly lower than the U.S. figure of 7.9 percent, 9 states had measurably higher rates, and 17 states and the District of Columbia had rates that were not appreciably different from that … Continue reading →

Posted in Employment | Tagged , | 1 Comment

Cyprus’ Popular (Laiki) Bank Balance Sheet

Posted on March 21, 2013 by macromon

With the bank’s assets at about 175 percent of Cyprus’ GDP and advances to customers equivalent to over 80 percent of its asset base (before reserves)  it is pretty safe to say “this isn’t your father’s bank!”  You decide. (click … Continue reading →

Posted in Cyprus | Tagged , , | 9 Comments

S&P500 Testing Key Support

Posted on March 21, 2013 by macromon

Hard to to discern the cause of the increase in chop in U.S. equities.  Cyprus?  Overbought? Earnings worry?  Strong dollar’s impact on earnings (see Oracle’s release)? Here’s what we said on March 4th: No doubt the stronger dollar will be … Continue reading →

Posted in Earnings, Equities | Tagged , , , | Leave a comment

Daily Interest Rate Monitor – March 21

Posted on March 21, 2013 by macromon

Choppy action into a weak close.  The S&P500 ETF (SPY) bounced off the 21-day EMA, which is now key support. Nike beats, up 8 percent in AH, with North America revenues strong and China weak. The company’s [Nike] quarterly results … Continue reading →

Posted in Interest Rates | Tagged , , , , | Leave a comment

Cyprus government holds bailout crisis talks

Posted on March 20, 2013 by macromon

The government of Cyprus is holding a series of crisis meetings, as it tries to avoid bankruptcy. MPs rejected a controversial bill to dip into peoples savings. Without it, the banking sector will collapse, and the country could even be … Continue reading →

Posted in Cyprus | Tagged , , | Leave a comment