Here is what I am reading: Meredith Whitney’s Muni Prediction Gets No Boost From Fed (Bloomberg) Stocks breakout on higher volume (MarketWatch) Who’s Lying: The Rally or the Sell Signals? (Minyanville) $DJIA Going For Seven Straight & A Short Video on Cycles (Stock Trader’s Almanac) Our Largest Ever S&P 500 Chart! (Don’t Ignore This Chart) The…
The US equity markets had a mixed performance on Wednesday July 25, 2012. Tuesday was a big down day continuing the trend that started on last Friday. During this time the S&P 500 lost -2.78%. The global equity markets also did not fare well and Global Dow index (GDOW) lost more than -4.00%. Overnight’s global…
Business Insider is out with a piece on the ‘Ultimate’ Death Cross’, the 50 period moving average crossing below the 200 period moving average for S&P 500. Many experts and talking-heads are mentioning it. However, this ultimate crossover is not about daily moving averages rather it is about longer term i.e monthly moving averages. Now one…
On April 10th S&P500 made a low of 1357.38 and then tested it again on April 23rd by making a low of 1358.79. Later in early May, the index broke this support level. After making a low of 1266.74 on June 4th, the index bounced back and by Tuesday, June 19th, it was trying to…
Copper is referred to as Dr. Copper because of its unique ability to predict economic trends – and also because it is the only commodity that has a Ph.D. in economics. “Because of copper’s widespread applications in most sectors of the economy – from homes and factories, to electronics and power generation and transmission – demand…
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