Monday, March 19, 2012

The Morning Call-Monday Morning Chartology 3/19/12



The Market
Technical

Monday Morning Chartology


Clearly, absent a dramatic plunge today, the S&P will re-set to an up trend at the close tonight.



I used a longer term chart of GLD. You can see that if the intermediate term trading range doesn’t hold, GLD could fall a lot without breaking the long term up trend.




The VIX traded back below the lower boundary of its intermediate term trading range on Friday, re-starting the clock on a potential break. If that occurs, it would be a positive for stocks.



Fundamental

How demographics may impact stock prices (medium):
http://www.economist.com/blogs/freeexchange/2012/03/financial-markets

News on Stocks in Our Portfolios

TNT delivers itself to UPS for $6.8B. UPS (UPS) has finally clinched a deal to buy TNT Express after sweetening its offer to €5.16B ($6.8B), or €9.50 a share, up from an original bid of €9. The acquisition price represents a 54% premium over TNT's close of €6.18 on Feb. 16, the day before the talks were made public.

Economics

This Week’s Data

Other


Two numbers that matter (short):
http://www.zerohedge.com/news/numbers-matter-15564809891768-and-8354-billion

Bank CDS risk still high (short):
http://www.bespokeinvest.com/thinkbig/2012/3/16/bank-and-broker-default-risk-still-elevated.html

Politics

Domestic


Fossil fuel production from federal lands (short):
http://mjperry.blogspot.com/2012/03/fossil-fuel-production-on-federal-lands.html

International

The radioactive map around Fukushima (short):
http://www.zerohedge.com/news/remember-fukushima-presenting-radioactive-seawater-impact-map



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.