Monday, January 30, 2012

The Morning Call-Monday Morning Chartology 1/30/12



The Market

Technical

Monday Morning Chartology


There continues to be nothing in the technicals that would slow upward momentum to the 1372 level.




GLD is making a solid come back.




The VIX sustains its down trend--a positive for stocks. Note the support at around 15.5.




Three peaks and a domed house (short):
http://blog.stocktradersalmanac.com/post/Three-Peaks-Domed-House-Dj-Vu-All-Over-Again

Fundamental

A thought before viewing strategists expectations for 2012 (medium)
http://advisorperspectives.com/commentaries/dunn_12712.php

Not only is last quarter’s earnings ‘beat’ rate declining, so is the guidance (short):
http://www.bespokeinvest.com/thinkbig/2012/1/28/uh-oh-guidance-dips-too.html




Steve Cook received his education in investments from Harvard, where he earned an MBA, New York University, where he did post graduate work in economics and financial analysis and the CFA Institute, where he earned the Chartered Financial Analysts designation in 1973. His 40 years of investment experience includes institutional portfolio management at Scudder, Stevens and Clark and Bear Stearns. Steve's goal at Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.