Daily Interest Rate Monitor – April 4

Posted on April 4, 2013 by macromon

Interest Rate Monitor

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Eurozone inflation falls for third straight month

Posted on April 3, 2013 by macromon

Will this give Super Mario enough to cut rates?   The consensus is no.    Remember, ECB does not have the same full employment mandate as the Fed.


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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 in the big momentum stocks such as Netflix and LinkedIn.  The level we’re watching in the S&P500 is 1538

Apr3_DowTransportsApr3_Russell Apr3_SPX

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U.S. Equity Sector ETF – Daily Performance

Posted on April 3, 2013 by macromon

The Energy (XLE) and Industrial (XLI) ETF broke their 50-day moving averages today.

Interest Rate Monitor_ETF

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Daily Interest Rate Monitor – April 3

Posted on April 3, 2013 by macromon

Interest Rate Monitor

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Global Manufacturing PMI: “Moderate, Stable Growth”

Posted on April 2, 2013 by macromon

JP Morgan and Markit reported today the global maufacturing PMI rose to 51.2 in March, up slightly from 50.9 in February.

The US led the global manufacturing output growth league table in March, and has now seen production rise throughout much of the past four years. The rate of expansion” accelerated in China, while growth was recorded in Japan for the first time in ten months. Europe remained the main drag on the global manufacturing sector, with output declining in both the Eurozone and the UK.

Apr2_Global PMI

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Eurozone’s No Jobs, No Growth Economy

Posted on April 2, 2013 by macromon

Do you sense a policy change?   After the dismal data dump today the Euro markets seem to believe they do.

Apr2_EZ_PMI_1Apr2_EZ_2

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Posted in Euro, Germany | Tagged , , , , | 1 Comment

U.S. Equity Sector ETF – Daily Performance

Posted on April 2, 2013 by macromon

Interest Rate Monitor_ETF

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Daily Interest Rate Monitor – April 2

Posted on April 2, 2013 by macromon

Interest Rate Monitor

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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 a short-term reversal.   Stay tuned.

Apr2_UNH

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