Tag Archives: Equities

Chop Shop Market

Posted on June 12, 2012 by macromon

Choppy markets. After yesterday’s huge reversal and the blowout in Italian and Spanish sovereign spreads this morning, this was the day they could have broke the market. No so.  After some early weakness, the S&P500 traded straight up to close … Continue reading →

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Facebook’s About Face

Posted on May 31, 2012 by macromon

Check out the reversal in Facebook right at 2 PM and $27.00.    In the words of Paul “Yosemite Bear” Vasquez,  “what does this mean”? We don’t know but someone (Morgan Stanley?) had an axe to buy and spooked the shorts. … Continue reading →

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Dr. Copper Breaks Out…

Posted on April 2, 2012 by macromon

…of its pennant or descending triangle formation,  depending on how fat you draw the trend lines.   We’re still not convinced until it closes above the February 3.9950 high.   Nevertheless, the markets want to believe and confirmation from the good … Continue reading →

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Range Bound S&P500: Stalling or Consolidating?

Posted on March 11, 2012 by macromon

A couple of interesting charts of the S&P500, which frame the recent trading action. Short-term the S&P500 is in a trading range of 1340-1378 and looks to be working off severe overbought conditions with a healthy consolidation.  This seems to … Continue reading →

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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 →

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Week in Review: Gold and the Three McBears

Posted on September 25, 2011 by macromon

What a week.  The China/Asia slowdown worries came full force onto the radar screen with the collapse of copper and the Hang Seng.  We put more stock in these real time indicators than the official data coming out of officialdom. … Continue reading →

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Buying the Moody Blues…

Posted on September 14, 2011 by macromon

Classic sell the rumor, buy the fact trading action.  Within an hour after Moody’s downgrade of the French banks almost all the major global equity indices have turned up.   S&P futures were down almost 16 points and are now down … Continue reading →

Posted in Black Swan Watch, Global Stock Performance, Global Trend Indicators, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

This Market Sucks – Going Fishin’

Posted on August 17, 2011 by macromon

Fug this market.  Nothing is working.   You get long and lose money.  You get short and lose money.  You get flat and you lose purchasing power as the dollar melts and commodity staples rise.   These are the kind of markets … Continue reading →

Posted in Black Swan Watch, Commodities, Crude Oil, Economics, Gold, Sovereign Debt, Sovereign Risk | Tagged , , , , | 2 Comments

Week in Review: Deal, Now What?

Posted on July 31, 2011 by macromon

Almost everything that happened last week is irrelevant given what looks like a U.S. debt deal.  What we’re watching is how the relief rally holds and whether the Friday’s poor GDP data was a game changer.  Looking under the surface … Continue reading →

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Week in Review: The Realpolitik of Debt

Posted on July 24, 2011 by macromon

The S&P500 closed Friday near the top of its trading range and just a little more than 1 percent below its  post crash closing high of 1361.22 on the back of some decent earnings — and an Apple blowout — … Continue reading →

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