Category Archives: Equities

On This Day In History: The Fed Put Is Born

Posted on October 19, 2018 by macromon

Or, at least, went into labor.     Wow,  three decades and one year today, I was a young economist at the World Bank.  My friend and I, now the chief economist at the FDIC, were graduate students and walked … Continue reading →

Posted in Black Swan Watch, Equities, Uncategorized | Tagged | 35 Comments

Chinese Stocks Have Been Shanghaied

Posted on October 18, 2018 by macromon

Shanghai – term describing a type of kidnapping.  Back in the 17th and 18th century in back alleys behind orphanages and bars there were trap doors that were watched and opened on drunken people or wandering children, then the children or drunks were … Continue reading →

Posted in China, Equities, Uncategorized | Tagged , | 2 Comments

Traders Get Caught…..

Posted on October 12, 2018 by macromon

What is else in new? Slice through the 200-day like a hot knife through butter yesterday only to close above it today.  Still would not touch equities here for my than a flip,  and looking to get shorty at higher … Continue reading →

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Price Action In The S&P & Its 200-day MA

Posted on October 11, 2018 by macromon

That was easy. Only second close below the 200-day (2765ish) for the S&P since January 2016.   The 200-day has been steel support for the S&P500, and a trampoline for reversal rallies over the past few years.   Not today. Is this … Continue reading →

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S&P500 Flirting With Key Support

Posted on October 11, 2018 by macromon

The S&P500 moved through its 200-day moving average this morning and has bounced almost 20 points back above the low for a day back through the 200-day .   Since early 2016, the 200-day has acted as steel support for stocks, … Continue reading →

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QOTD: Slouching Toward A Banana Republic

Posted on October 10, 2018 by macromon

Could it be the markets are instead revolting against President Trump’s fiscal profligacy, and beginning to price in a potential debt crisis/major interest rate spike?   Just askin’. “I think the Fed is making a mistake. They are so tight. I … Continue reading →

Posted in Equities, Fed, Interest Rates, Monetary Policy, Uncategorized | Tagged , | 3 Comments

Initial Conditions, Conditional Probabilities & The September S&P

Posted on September 6, 2018 by macromon

Beast Mode In September? Can’t tell you how many recommendations we read at the end of August about how the S&P500 would continue its Beast Mode rally into September.   After all that it was it does during midterm election years, … Continue reading →

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QOTD: The Facebook Facial

Posted on September 5, 2018 by macromon

Facebook (Sheryl Sandberg) and Twitter (Jack Dorsey) on Capitol Hill today taking pipe from the pols.   Large cap tech getting spanked with both stocks down meaningful. I am all in for either they [Facebook] step up and take responsibility for … Continue reading →

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How Fibonacci Ratios Govern the Stock Market

Posted on August 29, 2018 by macromon

The Fibonacci sequence provides the mathematical basis of the Wave Principle. The stock market’s price pattern builds fractally into similar patterns of increasing size. Familiarity with these patterns can prove highly useful to investors.  –  Elliott Wave International  

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Google: At Least We Had The Zip Code Right

Posted on August 28, 2018 by macromon

Stunning, though not surprising, to hear the POTUS hammer Google today, ….results on “Trump News” are from National Left-Wing Media, very dangerous. Google & others are suppressing voices of Conservatives and hiding information and news that is good. They are … Continue reading →

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