Tag Archives: Stock Market

China HSBC Flash PMI At 4-Month Low

Posted on March 21, 2012 by macromon

The HSBC Flash China Manufacturing PMI is showing further contraction. Could worries over China slowing, coupled with renewed jitters in Europe, be the catalyst for the long awaited correction in global equities?  That’s how we’re positioned, but recognize it’s a … Continue reading →

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The Dow in the Year of the Dragon

Posted on January 23, 2012 by macromon

Gong Xi Fa Cai!  恭禧發財 It’s now The Year of the Dragon and the Economist  has posted an interesting piece on the performance of the Dow Jones Industrial and the Chinese astrological calendar. The Economist writes, CHINESE people across the … Continue reading →

Posted in Charts, China, General Interest, Global Stock Performance, Technical Analysis | Tagged , , | 1 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

Apple’s Textbook Bounce Saves the Market

Posted on October 4, 2011 by macromon

To those who “don’t believe in the technicals” we suggest they take a look at today’s Apple chart. Like a superstar baseball player who consistently hits 75 home runs per year and is considered to have a “bad year” with … Continue reading →

Posted in Apple, Equities, Technology | Tagged , , , | 6 Comments

Can You Say “Dubya” Bottom?

Posted on August 29, 2011 by macromon

That sure looks like a W bottom on the S&P500,  no?  Not the classic trajectory and confirmation, not to mention the compressed time frame, but you’ve got to respect the price action.  The macro swans are still out, so the … Continue reading →

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Godot Finally Shows, Nobody Home

Posted on June 14, 2011 by macromon

The markets were finally able to generate the bounce that everyone was waiting for,  but on relatively low volume, however.   Most of the move took place overnight on the release of China’s economic data.  Apple had a nice move,  … Continue reading →

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The Weekend Read: Blue Collar Blues

Posted on June 4, 2011 by macromon

For much of 2010, the slumping economy was affecting white-collar, highly educated workers almost as much as it was affecting less educated and blue-collar workers. That’s no longer the case. In recent months, the economy has once again been easier … Continue reading →

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The Weekend Read: Judgement Day

Posted on May 20, 2011 by macromon

Five months ago, a government change in Spain’s Catalonia region revealed a budget deficit more than twice as big as previously reported. Now, a growing chorus of economists, local politicians and business leaders say that new governments are likely to … 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 →

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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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