The Market
Technical
Monday Morning Chartology
Last Thursday performance notwithstanding, the S&P closed below the 1372 resistance level on Friday. So at this point under our time and distance discipline, the S&P remains in a trading range.
After a rough week, GLD still managed to close on initial support below the lower boundary of the short term up trend.
The VIX remains in a short term down trend but above the lower boundary of its intermediated term trading range.
Update on the ‘best stock market indicator ever’:
http://advisorperspectives.com/dshort/guest/John-Carlucci-Best-Indicator-Ever-Update.php
Fundamental
The latest from Doug Kass (long):
http://www.thestreet.com/story/11440580/1/kass-my-fast-money-recap.html
Dr Strangelove, an investing guide for the next decade (medium):
http://www.minyanville.com/business-news/politics-and-regulation/articles/game-theory-aaron-brown-what-is/3/2/2012/id/39701
Subscriber Alert
The stock price of TC Pipeline Ptrs has traded below the upper boundary of its Buy Value Range. Accordingly, it is being Added to the High Yield Buy List. The High Yield Portfolio will not make a purchase at this time.
Economics
This Week’s Data
Other
Who has the most exposure to the higher oil prices? One guess. Hint: it starts with US (medium):
http://www.zerohedge.com/news/who-most-exposed-oil-price-shock
Politics
Domestic
Obama’s energy policy (medium):
http://www.nationalreview.com/articles/292427/energy-snob-rich-lowry
International War Against Radical Islam
Saudi Arabia and 9/11 (medium):
http://www.nakedcapitalism.com/2012/03/guest-post-911-commissioner-and-co-chair-of-congressional-inquiry-into-911-say-in-sworn-declarations-that-saudi-government-linked-to-911-attacks.html
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