Monday, February 27, 2012

Monday Morning Chartology + Subscriber Alert



The Market
Technical

Monday Morning Chartology


The S&P continues to advance but has yet to challenge 1372.




GLD has broken above its recently re-set trading range. It is now back in a short term up trend.



While the VIX remains in a down trend, it once again held above the intermediate term support level.




Fundamental

From David Rosenberg: Six pins that could pop this bubble (medium):
http://www.zerohedge.com/news/david-rosenbergs-presents-six-pins-can-pop-complacency-bubble

Subscriber Alert

The stock price of Fastenal (FAST-$52) has traded above the lower boundary of its Sell Half Range. Accordingly, the Aggressive Growth Portfolio is Selling one half of its FAST position.

The Dividend Growth and High Yield Portfolios a Selling another portion of their Federated Investors (FII-$20) position.

All Portfolios will Add to the GLD holding.


Economics

This Week’s Data

Other


Why we can’t believe the Fed (medium):
http://www.cfr.org/international-finance/why-we-cant-believe-fed/p27425

Lessons from the Laffer curve (short):
http://mjperry.blogspot.com/2012/02/uk-learns-lesson-about-laffer-curve.html

Global trade and production continue to rise (short):
http://mjperry.blogspot.com/2012/02/2011-ends-with-highest-ever-volume-of.html

The fallacy of the ‘liquidity’ argument (medium):
http://www.ritholtz.com/blog/2012/02/%E2%80%9Cliquidity-is-the-last-refuge-of-the-scoundrel%E2%80%9D/

Politics

Domestic


More on your government at work (medium):
http://michellemalkin.com/2012/02/24/the-4-billion-obamacare-slush-fund-for-progressives/



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.