Tag Archives: S&P500

74% of SPY Gap Open Filled!

Posted on May 31, 2011 by macromon

A quick update on our earlier post on today’s S&P500 gap open.  The SPY made an  intraday low of $133.84 after its 0.93 percent gap up at the open at $134.77.  This closed 74 percent of the gap, consistent with … Continue reading →

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When Apple Leads, the Market Catches Fire

Posted on May 31, 2011 by macromon

Apple was up over $10 today in a rare 3 percent plus move not related to an earnings release and its biggest gain since the 3.28 percent January 24th bounce after the post earnings sell-off.   The stock was bolstered by … Continue reading →

Posted in Apple, Charts | Tagged , , , | 6 Comments

Did the Gold/Silver Ratio Signal Risk Off?

Posted on May 23, 2011 by macromon

Many have written about the gold/silver ratio as a leading indicator of risk and equity appetite (see here and here) so we won’t take your time explaining the relationship.   We do point out in our chart the speculative blow … Continue reading →

Posted in Black Swan Watch, Charts, Equities, Global Stock Performance, Gold | Tagged , , , | 2 Comments

The Most Profitable Trading Hours

Posted on May 12, 2011 by macromon

Bespoke just out with a great piece breaking down S&P500 returns by the hour.  Most of positive returns are generated in the first half hour and last two hours of the trading day.  The S&P is up 7.14 percent of … Continue reading →

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Seven Days in May?

Posted on May 5, 2011 by macromon

We noted last night only four other times in the past fifty years has the S&P500 opened May with three consecutive down days.   We find this type analysis great cocktail chat, at best interesting, but not very actionable.  Nevertheless, today’s … Continue reading →

Posted in Black Swan Watch, Charts, Equities | Tagged , , , | 1 Comment

First Three Days in May

Posted on May 4, 2011 by macromon

The equity market has made a little bit history in the first three days in May.  Only four other times in the last fifty years has the S&p500 opened May with three consecutive down days. Bespoke did some great work … Continue reading →

Posted in Bonds, China, Equities | Tagged , , , | 3 Comments

Week in Review: Anti-Nukes Nuke Merkel

Posted on March 28, 2011 by macromon

The markets showed incredible resilience last week in their ability to look past Japan’s potential supply chain and nuclear problem, continued MENA instability, $100 plus crude oil, and the recent cover of Newsweek.    The VIX experienced its second biggest … Continue reading →

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Chart of the Day: Copper & Rubber

Posted on March 9, 2011 by macromon

While the world obsesses over the direction the price of oil,  copper and rubber are rolling over.  These are the two to monitor,  in our opinion,  as China Air drops its landing gear.   Dr.  Copper is at key support and … Continue reading →

Posted in Chart of the Day, China, Commodities | Tagged , , , | 4 Comments

Apple Sitting on 50-day Moving Average

Posted on February 22, 2011 by macromon

Apple is now testing its 50-day moving average for only the second time during the incredible 55 percent rally, which began in late August.   If it breaks here,  the next key level of support will be the .618 Fibonacci at … Continue reading →

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Week in Review: 17.76% by July 4th?

Posted on February 13, 2011 by macromon

Most of the week’s focus was on Egypt and managing risk around China’s tightening cycle as Asia returned from the holiday.   Developed equities continued their relentless rally with the Russell 2000 increasing 2.75 percent.   The Hang Seng and KOSPI got … Continue reading →

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