Monday, March 05, 2012

The Morning Call + Subscriber Alert



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