Tag Archives: Correction

China HSBC Flash PMI At 4-Month Low

Posted on March 21, 2012 by macromon

The HSBC Flash China Manufacturing PMI is showing further contraction. Could worries over China slowing, coupled with renewed jitters in Europe, be the catalyst for the long awaited correction in global equities?  That’s how we’re positioned, but recognize it’s a … Continue reading →

Posted in Black Swan Watch, China, Economics | Tagged , , , | Leave a comment

Is the Correction Camp Too Crowded?

Posted on March 1, 2012 by macromon

We posted yesterday that the S&P500 was set up for a pullback after carving out an outside day (higher high and lower low than previous day) at strong resistance and looked for follow through selling today.   Didn’t happen. In fact, … Continue reading →

Posted in Charts, Equities | Tagged , , , | 4 Comments

S&P500 to 1340?

Posted on February 26, 2012 by macromon

Waiting for a correction in the S&P500 has proven costly for those looking to get longer equities.  Our view is that a move to 1340 is in the cards in the next week or two, which coincides with short-term support … Continue reading →

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

S&P500 Up 4.36% in January

Posted on January 31, 2012 by macromon

Interesting couple of charts on the S&P500.  The top shows the narrowing upward channel in which the index has traded since the beginning of the year relative to the wider medium-term channel.  The collapse in volatility was the direct result … Continue reading →

Posted in Equities, Global Stock Performance | Tagged , , , | 3 Comments