Tag Archives: S&P500

Apple Reclaims 20-day Moving Average

Posted on September 27, 2012 by macromon

Big reversal day in Apple, up around 2 1/2 percent and over $21 off its low of the day.   The positive price action helped to lift the overall stock market (see chart). The stock was able to close above the … Continue reading →

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ReutersVideo: Impact of QE3 one week later…

Posted on September 21, 2012 by macromon

(click here if video is not observable)

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The S&P500 Refuses to Rollover, Holds 1450

Posted on September 20, 2012 by macromon

(click here if chart is not observable)

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Apple Drags Down Equities

Posted on September 10, 2012 by macromon

Apple opened at another all-time this morning then proceeded to trade straight down closing at its low of the day.   It’s down another two bucks in after hours at around $660.  It looks like a test of $657.25 support is … Continue reading →

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In Case You Missed It…..

Posted on September 9, 2012 by macromon

On Friday, the S&P500 closed at its high of the day for the second consecutive day.  This two-day streak is relatively rare and has happened only fifteen times in the past twenty years (see table below). We are not certain … Continue reading →

Posted in Equities | Tagged , | 1 Comment

Uncorrelated Markets, NOT!

Posted on September 9, 2012 by macromon

Can’t you see the benefits of diversification with a basket of the S&P500 and the German DAX?  OK, maybe you get a currency hedge.  Stunning though how the global equity risk premium is, well, so global.   We believe the massive … Continue reading →

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The tweet that turned the market

Posted on September 4, 2012 by macromon

Bill Gross was credited for turning the market around today with the following tweet: PIMCO ‏@PIMCO Gross: Draghi appears willing to write 2-3 year “checks” to peripherals. Very reflationary. Buy gold, TIPS, real assets. Talk about nervous shorts! (click here … Continue reading →

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Global Trend Indicators

Posted on August 26, 2012 by macromon

(click here if tables are not observable)

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The Friday Nutcracker

Posted on August 24, 2012 by macromon

Today’s action felt a bit like the old short covering nutcracker, no? Apple gave it all up at the close as did many of the other big cap faves.    The market got all lathered up about more monetary crack after … Continue reading →

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

2012 Double Top?

Posted on August 22, 2012 by macromon

We don’t and nobody knows for certain.  The big reversal in Apple yesterday raises concerns and the whack a mole of the major indices, at least, takes a little complacency out of the market. The big question in our minds … Continue reading →

Posted in Equities | Tagged , , | 2 Comments