Category Archives: Technical Analysis

Trannies and Russell Break 50-day SMA

Posted on April 3, 2013 by macromon

The recent weakness in the Transports and the Russell were confirmed by today’s sell-off in the S&P500.  Let’s see if they can reclaim 50-day and if all the buyers waiting for the sell-off step in here.  Note also the weakness … Continue reading →

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

United Healthcare’s Gravestone Doji

Posted on April 2, 2013 by macromon

It will be interesting to watch how UNH trades tomorrow after carving out a classic gravestone doji today.   At today’s high the stock was up almost 20 percent from its February close.    The books say today’s pattern sets up … Continue reading →

Posted in Technical Analysis | Tagged , | Leave a comment

Chart Gazing

Posted on February 26, 2013 by macromon

Let’s take a look at the sector ETF charts. Most still look like they are just beginning a correction of the almost vertical move since the beginning of the year.   Only the financial ETF has successfully tested its 50-day.  The … Continue reading →

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

FAA temporarily grounds Boeing 787s, stock hammered in AH

Posted on January 16, 2013 by macromon

The Federal Aviation Administration just announced it will ground the Boeing 787  Dreamliner passenger jet after another battery failure that forced an emergency landing in Japan.   They gave no details on how long but said the lithium ion batteries were … Continue reading →

Posted in Technical Analysis | Tagged , , | Leave a comment

Wisdom For Traders

Posted on January 15, 2013 by macromon

Colm O’Shea, the great hedge fund manager of Comac Capital, has some words of wisdom for traders in Jack Schwager’s,  Hedge Fund Market Wizards. George Soros has the least regret of anyone I have ever met.  Even though he will sometimes … Continue reading →

Posted in Quote of the Day, Quotes, Technical Analysis | Tagged , , , , | 3 Comments

Most Overbought and Oversold Markets

Posted on January 13, 2013 by macromon

Asia x/Japan equities began to to work off overbought conditions. Japan’s Nikkei continues to reprice higher on weaker yen. Italy’s MIB and Spain’s IBEX experiencing the “positive contagion”  from Eurozone sovereign spread compression and now approaching an 80 RSI. Profit … Continue reading →

Posted in Monetary Policy, Technical Analysis | Tagged , , , | 2 Comments

CES 2013: Highlights of the Day – WSJ

Posted on January 9, 2013 by macromon

Today at CES showed us an iPad-controlled air drone camera, a paper computer, the Pebble smart watch, Motorhead-branded headphones, and more. Take a look at some of Wednesday’s highlights from the show in Las Vegas. (click here if video is … Continue reading →

Posted in Technical Analysis | Tagged , | Leave a comment

Technical Chart Patterns and Perspective

Posted on January 8, 2013 by macromon

Yesterday we posted a technical piece on gold, which one of our friends down under picked up.   They made us think about how technical analysis is more art than science (just like economics, by the way) and how bull/bear conclusions … Continue reading →

Posted in Gold, Technical Analysis | Tagged , , , , | 4 Comments

Nice Start…To the Moon, Alice!

Posted on January 2, 2013 by macromon

Nice bubblicious start to the New Year!   The third best, in fact,  for the S&P500 since 1991. The two big macro swans – the Eurozone crisis and fear of China’s hard landing — which caused much of the volatility … Continue reading →

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

‘Twas The Week Before Christmas

Posted on December 18, 2012 by macromon

Santa Baby! Less than thirty points to a new post crash high for the S&P500.  Stocks are getting a little giddy, but other markets are confirming the rally, however. Safe havens — bonds and gold — are moving lower.  Global … Continue reading →

Posted in Equities, Technical Analysis | Tagged , , , , | 2 Comments