Category Archives: Equities

S&P500 Tests 50-day Moving Average (and Passes)

Posted on May 17, 2011 by macromon

The S&P500 and Nasdaq tested, traded through, and closed above their 50-day moving averages aided by a huge reversal in Apple, the rest of tech, and an impressive late day broad market rally.   Another positive was the behavior of the … Continue reading →

Posted in Equities | Tagged , , | 5 Comments

Two Red Flags: Russell and the Hang Seng

Posted on May 16, 2011 by macromon

We note that the Russell 2000 broke its 50-day moving average today and the Hang Seng pierced its 200-day last night.  We also just posted the S&P 500 looks ready to test its 50-day.    These two indices are key indicators … Continue reading →

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S&P 500: Three Key Support Levels

Posted on May 16, 2011 by macromon

Looks like a test of the 5o-day for the S&P500 is a no brainer (we get nervous over this term) as we broke the weekly lows of May 6th.   If the 50-day doesn’t hold,  traders will likely close the April … Continue reading →

Posted in Equities | Tagged , , | 8 Comments

China’s Ghost Cities

Posted on May 16, 2011 by macromon

The following video is the first of the great series on China’s ghost cities that Bloomberg is running this week.  Getting China right is key to your P&L and the direction of many markets, including emerging equities and commodities.   We’re … Continue reading →

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The Most Profitable Trading Hours

Posted on May 12, 2011 by macromon

Bespoke just out with a great piece breaking down S&P500 returns by the hour.  Most of positive returns are generated in the first half hour and last two hours of the trading day.  The S&P is up 7.14 percent of … Continue reading →

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Seven Days in May?

Posted on May 5, 2011 by macromon

We noted last night only four other times in the past fifty years has the S&P500 opened May with three consecutive down days.   We find this type analysis great cocktail chat, at best interesting, but not very actionable.  Nevertheless, today’s … Continue reading →

Posted in Black Swan Watch, Charts, Equities | Tagged , , , | 1 Comment

First Three Days in May

Posted on May 4, 2011 by macromon

The equity market has made a little bit history in the first three days in May.  Only four other times in the last fifty years has the S&p500 opened May with three consecutive down days. Bespoke did some great work … Continue reading →

Posted in Bonds, China, Equities | Tagged , , , | 3 Comments

Presidenital and Decennial Chart Analog Tracking – Q1

Posted on March 31, 2011 by macromon

(click here if charts are not observable)

Posted in Charts, Equities | Tagged , | 2 Comments

Does Anne Hathaway Drive Berkshire Stock?

Posted on March 19, 2011 by macromon

We posted last October our suspicions that algo/robo traders were driving the almost tick-for-tick correlation between the Australian dollar and the S&P500.  Remember those days of great fun? Now, the Atlantic suspects that algorithms may, and we stress may,  have … Continue reading →

Posted in Equities | Tagged , , , | 8 Comments

Natural Gas Stocks Pop in Down Market

Posted on March 16, 2011 by macromon

Some natural gas stocks did well in today’s terrible tape.  Two that we are watching and are long are Ultra Petroleum (UPL) and Southwestern Energy (SWN).  Both have been consolidating and have recently cleared their 50-day moving averages. Southwestern pierced … Continue reading →

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