Tag Archives: S&P500

Good Day to Be Short the Shorts

Posted on November 28, 2011 by macromon

Today was a good day to be short the shorts —  long the most heavily shorted stocks.  Big move in First Solar, the most heavily shorted stock in the S&P500, up 10.52%   We have our doubts about this bounce.   If … Continue reading →

Posted in Equities | Tagged , , , | 1 Comment

Difficult Markets

Posted on November 17, 2011 by macromon

Is it just us or is anyone else out there having trouble navigating these treacherous markets?  The events that you believe will move markets just aren’t gaining traction and it now feels we’re in full blown preservation of capital mode.  … Continue reading →

Posted in Charts, Equities | Tagged | 1 Comment

Hours of Work Needed to Buy the S&P500

Posted on November 11, 2011 by macromon

Here is an interesting take on the valuation of the S&P500 by our friends over at The Chart Store, who do excellent work.  Their chart shows that it now takes 69.23 hours at the average hourly wage of $19.53 to … Continue reading →

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

M.F. Euro Takes Down Equities

Posted on October 31, 2011 by macromon

Lots of debate out there what took the market down today.  We’re not certain you can tag the first 15 S&P points on a single factor — MF Global, euro,  Italy, yen intervention and strong dollar, or simple profit taking … Continue reading →

Posted in Black Swan Watch, Bonds, Dollar, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , , | Leave a comment

Stock Market Melt Up: November 1998 or December 2008?

Posted on October 27, 2011 by macromon

Stunning!  The S&P500 at its high today was up 20.3 percent from the October 4th intraday low of 1074.77. We’re talking the S&P500, not the Brazilian BOVESPA or Hang Seng Index!  This kind of initial move in the S&P500 in … Continue reading →

Posted in Charts, Equities, Global Stock Performance | Tagged , , | 12 Comments

Is the Euro Driving the S&P500?

Posted on October 22, 2011 by macromon

In case you haven’t noticed recently the Euro and S&P500 seem to be moving together almost tick for tick.   Here are the daily moves in futures over the past month.  Makes you think they’re both dancing to the same … Continue reading →

Posted in Black Swan Watch, Charts, Equities, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

Night Sweats of a Money Manager

Posted on October 21, 2011 by macromon

With about 40 minutes of trading, the S&P500 has pierced its 1230-33 resistance (which includes the 100-day moving average)  though has come in a little from its morning high.   Closing above the 100-day at 1232 will be an important win … Continue reading →

Posted in Equities, Global Stock Performance | Tagged , , , | 1 Comment

S&P500 Key Levels

Posted on October 19, 2011 by macromon

It’s kind of useless, in our opinion, to be looking at the technicals as the market approaches the big life or death event.   The EU debt plan is either going to be taken positively, in which case the S&P500  will … Continue reading →

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First and Goal for Risk

Posted on October 10, 2011 by macromon

We asked last week if the S&P500 (our proxy for risk markets) was capable of clearing the “red zone”,  the zone of resistance between 1175-1195, which included the 50-day moving average.  The market’s answer?  Like a hot knife through butter! … Continue reading →

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Hang Seng Confirming

Posted on October 6, 2011 by macromon

Granted there is still a few hours of trading in Hong Kong but the Hang Seng is confirming the moves in the U.S. and Europe, up 9 percent in just a little less than 1 1/2 trading sessions.  The S&P … Continue reading →

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