U.S. Sector ETF Performance – October 23

Posted on October 23, 2013 by macromon

ETF_Day ETF_Q4ETF_Q4(click here if charts are not observable)

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Tesla’s Head & Shoulders Formation

Posted on October 23, 2013 by macromon

Tesla (TSLA)  looks to close below its 50-day moving average today, the first close below its 50-day since March and its big move up (see chart).  It is also testing the $160 neckline of a potential head and shoulders reversal.   A break of $160 sets up a measured move to $125.

We’re playing with risk reversals selling $175 calls/buying $155 puts.   Always with stops.   Stay tuned.

Oct23_TSLA

Oct23_TSLA2(click here if chart is not observable)

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Daily Risk Monitor – October 22

Posted on October 22, 2013 by macromon

Click on table to enlarge and for better resolution

RiskMon_1RiskMon_2RiskMon_3(click here if table are not observable)

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U.S. Sector ETF Performance – October 22

Posted on October 22, 2013 by macromon

ETF_DayETF_Q4ETF_YTD(click here if charts are not observable)

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The Mouse House Breaks Out

Posted on October 22, 2013 by macromon

Look closely at Disney’s stock and you will see cup and handles within cup and handle patterns.

Oct22_Dis(click here if chart is not observable)

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U.S. Employment Situation – September 2013

Posted on October 22, 2013 by macromon

Total nonfarm payroll employment rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in construction, wholesale trade, and transportation and warehousing. – BLS

Oct22_EmploymentOct22_Employment1Oct22_Employment2

(click here if charts are not observable)

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Apple Breaks Out

Posted on October 21, 2013 by macromon

Nice to see one of our old faves trading better.  We sense Apple may become a “laggard of choice” as institutional investors look for ways to play catch up in their performance.

Oct21_AAPL(click here if chart is not observable)

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Daily Risk Monitor – October 21

Posted on October 21, 2013 by macromon

Click on table to enlarge and for better resolution

RiskMon_1RiskMon_2RiskMon_3(click here if table are not observable)

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U.S. Sector ETF Performance – October 21

Posted on October 21, 2013 by macromon

ETF_DayETF_Q4ETF_YTD(click here if chart is not observable)

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China’s rebound looks unsustainable – FT

Posted on October 20, 2013 by macromon

The FT delivers up some chum for the Panda bears.   Self included.

China’s growth rate rose back to 7.8 per cent in the third quarter, but according to Liu Li-Gang, ANZ’s chief China economist, that growth still relies on investment more than consumption and the rebound is unlikely to continue.

He tells the FT’s Josh Noble that local government debt is a big potential problem and that he expects reforms to come out of next month’s political gathering in Beijing.

For more video content from the Financial Times

(click here if video is not included)

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