Category Archives: Equities

S&P500 Breakout & The Ambiguity of Stock Value

Posted on March 13, 2012 by macromon

Today has to be the least appreciated breakout that’s ever happened.   Tonight’s Fast Money crowd, for example, described it as the long awaited blow-off top.  You know, the same guy that has been wrong for the last 600 S&P points … Continue reading →

Posted in Black Swan Watch, Equities | Tagged , , | 5 Comments

Range Bound S&P500: Stalling or Consolidating?

Posted on March 11, 2012 by macromon

A couple of interesting charts of the S&P500, which frame the recent trading action. Short-term the S&P500 is in a trading range of 1340-1378 and looks to be working off severe overbought conditions with a healthy consolidation.  This seems to … Continue reading →

Posted in Equities | Tagged , , , | 3 Comments

Is the Correction Camp Too Crowded?

Posted on March 1, 2012 by macromon

We posted yesterday that the S&P500 was set up for a pullback after carving out an outside day (higher high and lower low than previous day) at strong resistance and looked for follow through selling today.   Didn’t happen. In fact, … Continue reading →

Posted in Charts, Equities | Tagged , , , | 4 Comments

S&P500 Sets Up for Correction

Posted on February 29, 2012 by macromon

This is not the chart pattern the bulls want to see at a major resistance level.  Today’s high and low in the S&P exceeded yesterday’s thus carving out a  bearish engulfing/or outside reversal day.  One point on a chart is … Continue reading →

Posted in Equities, Gold, Technical Analysis | Tagged , , | 1 Comment

S&P500 to 1340?

Posted on February 26, 2012 by macromon

Waiting for a correction in the S&P500 has proven costly for those looking to get longer equities.  Our view is that a move to 1340 is in the cards in the next week or two, which coincides with short-term support … Continue reading →

Posted in Equities | Tagged , , , , | 1 Comment

Apple Gone Wild!

Posted on February 14, 2012 by macromon

Apple is in full parabolic repricing mode. The stock, alone, has created $150 billion of wealth since early October, which is almost 1 percent of U.S. GDP.   The market cap has become so large that if AAPL is repriced to … Continue reading →

Posted in Apple, Equities | Tagged , , | 2 Comments

The Big Question….

Posted on February 2, 2012 by macromon

Our friends over at The Chart Store, who do excellent work as exemplified in the following chart,  ask it: Does the S&P have enough energy to hurdle the down trend line after a 24% run from the October bottom? We … Continue reading →

Posted in Charts, Equities, Global Stock Performance | Tagged , , , | Leave a comment

S&P500 Up 4.36% in January

Posted on January 31, 2012 by macromon

Interesting couple of charts on the S&P500.  The top shows the narrowing upward channel in which the index has traded since the beginning of the year relative to the wider medium-term channel.  The collapse in volatility was the direct result … Continue reading →

Posted in Equities, Global Stock Performance | Tagged , , , | 3 Comments

S&P500 Plays Range Rover, Waits on the Shanghai

Posted on January 27, 2012 by macromon

As we posted yesterday, the S&P500 appears to be working off an overbought condition by trading in a relatively tight range between 1306 and 1333.   A break of 1306 could take the index back to 1277, which is key support.  … Continue reading →

Posted in China, Equities, Global Stock Performance | Tagged , , | 1 Comment

S&P500 Trying to Work Off Overbought Condition

Posted on January 26, 2012 by macromon

After breaking through its relatively tight short-term trading range on yesterday’s Fed announcement, the S&P500 ran out of gas at 1333.   Our best guess is that in the short run the S&P500 trades in a range of 1306-1333 as it … Continue reading →

Posted in Equities, Global Stock Performance | Tagged , | 4 Comments