Category Archives: Equities

Dow First to Regain Footing

Posted on April 17, 2012 by macromon

If the Dow can close here, up almost 200 points, it will be the first major U.S. equity index to regain its footing and close above the key .618 fibonacci retracement of the recent correction.  The other indices are just … Continue reading →

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Is the correction over, Mr. Fibonacci?

Posted on April 12, 2012 by macromon

Wow!  Who said this business was easy? After clear breaks of their short-term uptrend and 50-day moving averages,  the major U.S. equity indices have staged a powerful two day rally off their Tuesday intraday lows.   Many were caught off guard … Continue reading →

Posted in China, Equities, Technical Analysis | Tagged , , , , , | 4 Comments

Tough Day in Euroland

Posted on April 10, 2012 by macromon

Europe came back from its long Easter weekend and took a nasty spanking. Spain’s sovereign spread over German bunds blew out 26.3 bps and is within 40 bps of its November high, while Italy moved 27.4 bps wider.   The large … Continue reading →

Posted in Black Swan Watch, Equities, Euro, Eurozone Sovereign Spreads, German Bund, Sovereign Debt, Sovereign Risk | Tagged , , , , , | Leave a comment

The Bigs Break

Posted on April 9, 2012 by macromon

More breaks in the big indices as the S&P500 and Dow have violated their short-term uptrend.   The Dow closed below its 50-day moving average today for the first time since mid-December, which was a vicious bear trap.   Doesn’t seem like … Continue reading →

Posted in China, Equities, Euro, Eurozone Sovereign Spreads, Sovereign Debt, Sovereign Risk, Technical Analysis | Tagged , , , , | 2 Comments

Dr. Copper Breaks Out…

Posted on April 2, 2012 by macromon

…of its pennant or descending triangle formation,  depending on how fat you draw the trend lines.   We’re still not convinced until it closes above the February 3.9950 high.   Nevertheless, the markets want to believe and confirmation from the good … Continue reading →

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S&P500 Key Level = 1387

Posted on March 28, 2012 by macromon

After making a new post crash high on Monday,  the S&P500 gone wobbly over the past few days trading poorly alongside global equity markets, though U.S. markets are generally outperforming.    The key must hold support level for S&P500 is now … Continue reading →

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Bid!

Posted on March 26, 2012 by macromon

The S&P5oo made a new post crash high, closing above 1414.  We’d like to make a small correction to our post this weekend on the S&P’s key levels, 1399.68– Thursday’s high.  Only a couple points higher, but a close move … Continue reading →

Posted in Equities | Tagged , , | 3 Comments

S&P500 Key Short-Term Levels

Posted on March 24, 2012 by macromon

After looking at many global equity index charts today,  we get a sense that stocks are staring to, or trying to rollover.  U.S. markets look the strongest and Asia the weakest. We don’t know where the markets are headed next … Continue reading →

Posted in Equities | Tagged , , , | 1 Comment

Is Inflation Driving the U.S. Wealth/Income Gap?

Posted on March 22, 2012 by macromon

The bears video got us motivated to put together a chart of the S&P500 and gas prices over the past year.   It’s stunning, though not surprising, to see how both series move together.   The two charts below help explain a … Continue reading →

Posted in Economics, Employment, Energy, Equities, Video | Tagged , , , | 12 Comments

Kondratiev Wave: End to 30-year bond market rally

Posted on March 20, 2012 by macromon

Interesting stuff from this morning’s CNBC European Squawk, The updated reading of the work of 1920s Russian economist Nikolai Kondratiev shows that interest rates have reached the bottom of a 60-year-long wave, and are bound to go up, Chris Watling … Continue reading →

Posted in Black Swan Watch, Bonds, Equities | Tagged , , , , , | 3 Comments