Category Archives: Technical Analysis

Chart Gazing

Posted on December 9, 2012 by macromon

We take a look of some of the more interesting charts in the various assets, indicies, and commodities we cover. Apple Probably the most talked about death cross in ages.  Apple’s 50-day moved through its 200-day moving average last week … Continue reading →

Posted in Apple, Charts, Technical Analysis | Tagged , , , , , , , , , , , , , , | 6 Comments

Seasonal Greetings

Posted on December 3, 2012 by macromon

It’s the most wonderful time of the year! That’s if past is prologue for equity traders and investors.   Since 1950,  the S&P500 has averaged a 1.61 percent return in December, three times the overall monthly average return.   Furthermore,  the … Continue reading →

Posted in Technical Analysis | Tagged , , | 1 Comment

2012: The Year of Stock Market Symmetry

Posted on December 2, 2012 by macromon

We were playing around with the charts on Friday night (‘cuz that’s what nerds do with their Friday nights)  and discovered something very interesting about the 2012 stock market.  The results are illustrated in the table and chart below. The … Continue reading →

Posted in Technical Analysis, Uncategorized | Tagged , , , , , | 6 Comments

Apple Trying to Bottom

Posted on November 13, 2012 by macromon

Apple looks like it’s trying to bottom.  It’s been choppy and has difficulty holding a bid.  Friday’s low at $533.72 is a must hold.  The stock remains extremely oversold with a 27 RSI, but needs a catalyst to move it … Continue reading →

Posted in Apple, Technical Analysis | Tagged , | 3 Comments

The World’s Ugliest Chart

Posted on November 13, 2012 by macromon

JC Penney trading like it’s doomed to become JC Penniless after its dismal earnings report.   The stock is about $4 off its crash lows and fast approaching its 25-year low.   Can’t see a catalyst anytime soon x/ a trading bounce/short … Continue reading →

Posted in Technical Analysis | Tagged | Leave a comment

World’s Ugliest Chart: NASDAQ

Posted on October 22, 2012 by macromon

Led by the ugly correction in Apple and Google’s 10 percent swan dive after its earnings release, the Nasdaq has broken its uptrend and key support at around 3040, which has held since mid-August.   The index managed to close on … Continue reading →

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

Global Equity Rally Hangs By A Thread

Posted on October 14, 2012 by macromon

This is a critical week for most major global equity indices.   Many are right at or just through their trend support lines and ironically have been selling off since the September 13th announcement of further quantitative easing. With the Fed … Continue reading →

Posted in China, Global Stock Performance, Technical Analysis | Tagged , , , , , , , , , , | 5 Comments

Equities Approach Trend Support

Posted on October 10, 2012 by macromon

We’ve been out (golf trip) and totally unplugged for the past few days and come back to yesterday’s major reversal in Apple (see chart)  and a big flip in the polls in favor of Governor Romney.   Equities are selling off … Continue reading →

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

Picture of the Day: Technical Analysis

Posted on August 29, 2012 by macromon

Boring market.  Let’s have some fun. It is said that if you stare at the clouds long enough you can see any pattern you want to see.    So it is with potato chips — who can forget this classic episode … Continue reading →

Posted in Technical Analysis | Tagged , , | 1 Comment

Will the smelly macro eat the micro?

Posted on July 10, 2012 by macromon

Ugly macro as the three swans are back with a vengeance.   China hard landing fears;  Eurozone debt and banking crisis (say it ain’t so, Mario!); and fears of a rapidly slowing U.S. economy. Are the swans  in the latest quarterly … Continue reading →

Posted in Banking, Black Swan Watch, Earnings, Economics, Equities, Euro, Technical Analysis | Tagged , , , , | Leave a comment