Monday Morning Chartology
The S&P short term trading range is marked by the brown lines. The purple line is the lower boundary of the intermediate term uptrend. The red line is the 50 day moving average.
The GLD intermediate term trading range is marked by the purple lines. The short term trading range is bordered by the brown line on the bottom and the upper purple line on the top. Notice the continuing development of the reverse head and shoulders.
Institutional holdings of gold decline to a low (short):
The VIX intermediate term trading range is marked by the purple lines. The short term trading range is bordered by the lower purple line on the bottom and the brown line on the top. The VIX also looks like it trying to form a reverse head and shoulders.
Update on ‘the best stock market indicator ever’:
Why the current debate about growth versus austerity is bogus (medium and today’s must read):
News on Stocks in Our Portfolios
More quarterly earnings per share reports:
Chevron $3.27 $3.22
This Week’s Data
March personal income rose 0.4% versus expectations of a 0.3% increase; personal spending was up 0.3% versus estimates of up 0.4%.
Manufacturing continues to perform well (medium):
Thoughts on why economic growth has been so slow (medium):
Finance in denial (medium):
US companies borrowing at home, hiring abroad (medium):
Atrocities Prevention Board? Give me a break (medium):
Debunking the bailout myths (medium):
Federal Reserve smack down (this week’s must read):
Monday morning humor (2 minute video):
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.