Tag Archives: S&P500

Week in Review: How Low?

Posted on August 21, 2011 by macromon

How low for the S&P500?  We don’t know but doubt the lows for year are in.  The next big Fib is the 38.2% retracement of March ’09 lows at 1101.73.   That is the big number to watch.  Next would be … Continue reading →

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It’s beginning to look a lot like? Choose your analog…

Posted on June 30, 2011 by macromon

It’s the end of the first half and we’ve updated our Presidential Stock Cycle, Decennial, and 1991 analog charts.   Click here, here,  and here for background.  Note,  the predicted performance of the Presidential and Decennial analogs are constructed from the … Continue reading →

Posted in Equities, Housing, Policy, Politics | Tagged , , | 1 Comment

Markets Catch Traders Offside

Posted on June 28, 2011 by macromon

Looks like traders, including yours truly, were caught catawampus in a pair of Nike shorts (ouch!),  either not long enough or short, both equities and the Euro, coming into the week, even as some of the short-term signals were turning … Continue reading →

Posted in Apple, Equities, Euro | Tagged , | 2 Comments

Week in Review: Euro Contagion and Greek Rollovers

Posted on June 26, 2011 by macromon

Short and sweet commentary tonight as last week really didn’t resolve much.  The S&P500 met tough resistance and was rejected twice at the 1298-99 level.  Though the index made a higher low and higher high, it closed Friday just a … Continue reading →

Posted in Week in Review | Tagged , , , , , , | 3 Comments

Support of the Masses

Posted on June 24, 2011 by macromon

Just a quick little chart for the weekend to show how the major indices are at or near key support levels.   Here we have the CRB Index breaking short-term support yesterday and just barely closing through its 200-day moving average.   … Continue reading →

Posted in Charts, Commodities, Equities | Tagged , , | Leave a comment

Textbook Bounce Off the 200-day Moving Average

Posted on June 16, 2011 by macromon

After gyrating much of the day, the S&P500 bounced off the the 200-day moving average (which also coincided with the December 2010 close)  just like a page out of a technical analysis textbook.   The bounce helped rescue Apple from some … Continue reading →

Posted in Apple, Black Swan Watch, Global Stock Performance | Tagged , , | 1 Comment

Sell in May and Go Away Trade: First 32 Days

Posted on June 16, 2011 by macromon

The table below illustrates that the 2011 “Sell in May and Go Away” trade has generated the highest return of the past 35 years.   That is, if you sold or shorted the S&P500 at the close of the last … Continue reading →

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

S&P500 Down First Six Days of June – Party Like It’s 1991?

Posted on June 9, 2011 by macromon

The S&P500 closed 0.42 percent lower today, the sixth consecutive down day to start the month of June.   Only once in the past 60 years has the S&P started June with six straight  lower closes.   After an 18.24 percent early … Continue reading →

Posted in Charts, Economics, Equities, Politics | Tagged , , , | 3 Comments

S&P500 Numerology

Posted on June 6, 2011 by macromon

U.S. equities continued their downtrend with the S&P500 closing off 1.08 percent on the day.   The chart below illustrates how the mid-day hard sell-off in Apple took the S&P500 with it (see here for Apple’s leadership role).   The market was … Continue reading →

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

First Trading Day of June: 1962-2011

Posted on June 1, 2011 by macromon

Today’s 2.28 percent decline in the S&P500 ranks as the second worst start of June in the past 50 years.   Since 1962 there have 29 up days and 21 down days to start the month.  The S&P closed below the … Continue reading →

Posted in Charts, Equities | Tagged , | 1 Comment