Category Archives: Equities

Low Volume Christmas Rampopotamus

Posted on December 22, 2011 by macromon

U.S. equities just keep marching higher on a low volume Santa Claus ramp.  Favorable technical patterns, though not confirmed by volume, keeps the dip buyers hanging in there. We spoke of the inverted head and shoulders pattern in the S&P500 … Continue reading →

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‘Twas 5 Days Before Christmas

Posted on December 20, 2011 by macromon

‘Twas 5 days before Christmas, when all through the house, No investor was long, not even their spouse. The stocks were all shorted by the big old bad bear, In hopes that St Nicholas would soon not be there. The … Continue reading →

Posted in Charts, Equities | Tagged , | 2 Comments

Post-Bubble Performance Comps of U.S. Financials and Techs

Posted on December 15, 2011 by macromon

The guys over at Bespoke put out a great piece today comparing the post-bubble performance of U.S. financials after the February 2007 top and the technology sector after the dot.com peak in March 2000.    They are tracking within one percent, … Continue reading →

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Bears Refuse to Cede the 200-day SMA

Posted on December 6, 2011 by macromon

Once again, the 200-day moving average proved to be formidable resistance for the S&P500.  After trading though the 1264-65 level on the now expected daily afternoon market moving FT article the index couldn’t hold its water and sold off into … Continue reading →

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S&P500 Finding Resistance @ 200-day

Posted on December 5, 2011 by macromon

Looked like today could be the day the S&P500 broke through and closed above its 200-day.  That is, before the tape bomb out of the S&P putting most of the ‘Zone countries on negative watch for a credit downgrade.  Let’s … Continue reading →

Posted in Equities, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment

It’s Beginning to Look A Lot Like…1971 [updated]

Posted on December 4, 2011 by macromon

The Global Macro Monitor posted several pieces earlier in the year about the Presidential Stock Cycle.  See here, here, and here.   The third year of a first term President is the strongest year in the cycle.  The table illustrates … Continue reading →

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It’s Beginning to Look A Lot Like…1971

Posted on November 30, 2011 by macromon

The Global Macro Monitor posted several pieces earlier in the year about the Presidential Stock Cycle.  See here, here, and here.   The third year of a first term President is the strongest year in the cycle.  The table illustrates … Continue reading →

Posted in Equities, Euro | Tagged , , , , | 3 Comments

NUTCRACKER!

Posted on November 30, 2011 by macromon

Wow!  That was some move. Take a look at FAZ, the triple short financial, down 17.5 percent on the day!  Every trader and their mother were getting long that after last night’s close on the S&P downgrade of the banks. … Continue reading →

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Good Day to Be Short the Shorts

Posted on November 28, 2011 by macromon

Today was a good day to be short the shorts —  long the most heavily shorted stocks.  Big move in First Solar, the most heavily shorted stock in the S&P500, up 10.52%   We have our doubts about this bounce.   If … Continue reading →

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Difficult Markets

Posted on November 17, 2011 by macromon

Is it just us or is anyone else out there having trouble navigating these treacherous markets?  The events that you believe will move markets just aren’t gaining traction and it now feels we’re in full blown preservation of capital mode.  … Continue reading →

Posted in Charts, Equities | Tagged | 1 Comment