US Sector ETF Performance – August 7

Posted on August 7, 2014 by macromon

ETF_DayETF_Year(click here if charts are not observable)

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Daily Risk Monitor – August 7

Posted on August 7, 2014 by macromon

Click on table to enlarge and for better resolution

RiskMon_1RiskMon_2RiskMon_3(click here if table is not observable)

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Dow Tests 200-day Moving Average

Posted on August 7, 2014 by macromon

The Dow Jones Industrials briefly traded below its 200-day and managed to bounce into the close.  The index is in trouble as it has penetrated the 61.8 retracement level of the April 11 – July 17 move.  The last line of support before a likely full blown correction is the 200-day, 25 Dow points below today’s close.   Note also, the S&P500 closed below its 100-day moving average for the first since April.   Stay tuned.

Dow_Aug7_Key Levels

Dow_Aug7_Chart 1Dow_Aug7_Chart 2(click here if charts are not observable)

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London rents squeeze the young – FT

Posted on August 7, 2014 by macromon

The soaring cost of London living is pushing the finances of young people to the brink. Katie Morley reports on how a number are now starting to question how much longer they will be able to call the UK capital their home.

For more video content from the Financial Times, visit http://www.FT.com/video

(click here if video is not observable)

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Showtime for the S&P500

Posted on August 6, 2014 by macromon

It’s showtime for the S&P500, which managed to hold and bounce from its 100-day moving average today.   The bulls must continue their defense of the November 2012 trendline and the 50% retracement at the 1895-1900-ish level.   Would love to see a move down t0 and hold the 200-day at 1860 to flush the excesses, restart the charts and base counts,  and provide a new entry for a fresh bull move into year-end.   Unfortunately,  the market is not Santa Claus and rarely grants what you wish for.    Stay tuned.

SP500_Aug6_Key Levels

SP500_Aug6_1SP500_Aug6_2(click here if charts are not observable)

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US Sector ETF Performance – August 6

Posted on August 6, 2014 by macromon

ETF_DayETF_WeekETF_Year(click here if charts are not observable)

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Daily Risk Monitor – August 6

Posted on August 6, 2014 by macromon

Click on table to enlarge and for better resolution

RiskMon_1RiskMon_2RiskMon_3(click here if table is not observable)

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Can carry trade carry on? – FT

Posted on August 6, 2014 by macromon

The carry trade – borrowing cheaply in developed countries to deposit at high rates in the emerging world – works brilliantly, until suddenly it doesn’t. David Bloom, of HSBC, tells FT investment editor James Mackintosh the risks are mounting.

For more video content from the Financial Times, visit http://www.FT.com/video

 

(click here if video is not observable)

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Back in a few…

Posted on July 26, 2014 by macromon

Gone Fishin'

Posted in Uncategorized | 2 Comments

US Sector ETF Performance – July 25

Posted on July 25, 2014 by macromon

ETF_DAYETF_WeekETF_YTD(click here if charts are not observable)

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