Monday, August 06, 2012
The Morning Call + Subscriber Alert
Monday Morning Chartology
The S&P is now in a very short term uptrend with a series of higher lows and higher highs---pretty much confirming the positive bias to this Market.
GLD continues to be directionless and has made no concerted attempt to break the string of lower highs. While it is dead money for the moment, our Portfolios will hold GLD until it breaks the lower boundary of its intermediate term trading range.
The VIX is now hovering above the lower boundary of its intermediate term trading range (which is also the neckline of a developing head and shoulders). A confirmed break of this level would be positive for stocks.
A buy signal (short):
Update on ‘the best stock market indicator ever’ (short):
Update on second quarter’s earnings and revenue ‘beat’ rate (short):
Bill Gross on the EU (medium):
Corporations now pulling money out of EU banks (medium):
S&P downgrades Italian financials (short):
Of course, our own finances are nothing about which to brag (short):
The stock price of Amerigas Ptrs (APU-$43) has risen above the upper boundary of its Buy Value Range. Accordingly, it is being Removed from the High Yield Buy List. The High Yield Portfolio will continue to Hold this stock.
This Week’s Data
Rail traffic continues to rise (short):
Some thoughts on austerity (medium):
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.