Monthly Archives: March 2013

Daily Interest Rate Monitor – March 20

Posted on March 20, 2013 by macromon

Today almost all the indicators confirm the insatiable bid for U.S. equities.  Though cracks starting to develop (FEDEX and Oracle misses) we believe the S&P500 sees new highs before it begins to consolidate into earnings season. (click here if table … Continue reading →

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

FedEx Whiffs

Posted on March 20, 2013 by macromon

FedEx down big on earnings miss.  Watch to see if this one can recover.  Our plan has been to lighten up on equities going into earnings as the big run has made stocks vulnerable to a correction around earnings, which, … Continue reading →

Posted in Earnings | Tagged , | 1 Comment

WTF? Gangnam Style

Posted on March 20, 2013 by macromon

If NorKo the source, wouldn’t this represent a significant escalation of tensions?  Markets not reacting. South Korean broadcasters/banks suffer cyber attack Computer networks of several major South Korea broadcasters and banks have been paralyzed. Police and government agencies are investigating … Continue reading →

Posted in Geopolitical, Uncategorized | Tagged , , | Leave a comment

Is Cyprus Too Small To Fail?

Posted on March 19, 2013 by macromon

“Just when you think they’ve hit bottom, they keep digging.” These were the words of the U.S. ambassador to Bulgaria spoken to us during the country’s staccato political ejaculations which eventually drove the country into hyperinflation in the late 1990’s.  … Continue reading →

Posted in Cyprus | Tagged , | 5 Comments

Daily Interest Rate Monitor – March 19

Posted on March 19, 2013 by macromon

Caution lights still flashing. (click here if table is not observable)

Posted in Interest Rates | Tagged , , , | 2 Comments

Stratfor: Cypriot Bailout Reverberates Beyond the EU

Posted on March 18, 2013 by macromon

Stratfor Europe Analyst Adriano Bosoni discusses the controversial Cypriot bailout proposal and its effects beyond the European Union. For more analysis, visit: http://www.Stratfor.com (click here if video is not observable)

Posted in ECB, Euro | Tagged , , , | Leave a comment

Apple: The New Alpha Trade?

Posted on March 18, 2013 by macromon

Another good day for Apple. It spent all but the first half hour of trading in the green today,  broke its downtrend line, is now firmly above it 8 and 21-day exponential moving average,  and generated a bullish MACD cross-over … Continue reading →

Posted in Apple | Tagged , , , | 1 Comment

Daily Interest Rate Monitor – March 18

Posted on March 18, 2013 by macromon

Market action calls for defense. (click here if table is not observable)

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

WTF Were They Thinking?

Posted on March 18, 2013 by macromon

That’s our System 1 (fast) thinking  kicking in after hearing the news of the Cyprus bail-in of depositors.  Our fast thinking really fears contagion and makes us want to vendere la casa!   We often get into trouble trading with … Continue reading →

Posted in ECB, Equities, Euro, Germany, Sovereign Debt, Sovereign Risk | Tagged , , | 7 Comments

Overbought and Oversold Markets – March 15

Posted on March 16, 2013 by macromon

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price moves. The RSI moves between zero and 100 and is considered overbought with a reading above 70 and oversold when below 30.  Note … Continue reading →

Posted in Overbought Markets | Tagged , , , , , , | 3 Comments