Tuesday, September 04, 2012
The Morning Call--Tuesday Morning Chartology
Tuesday Morning Chartology
The S&P remains within its short term trading range and intermediate term uptrend. Further, it is within the very short term uptrend. The question before us is which trend---the short term trading range or the very short term uptrend---will ultimately prevail.
GLD soared on Friday, breaking back above the upper boundary of the short term downtrend. Our time and distance discipline now kicks in. A confirmed break will prompt additional GLD purchases.
While the VIX was down Friday, it remained above the upper boundary of that very short term downtrend for the second day---not a good sign for stocks.
Update on the Q ratio and market valuation (medium):
Update on the Crestmont Market Valuation Ratio (medium):
The latest from Spain (medium):
This Week’s Data
Households continue to pay down debt (medium):
The problem with student loans (medium):
International War Against Radical Islam
Krauthammer on Iran and Israel (medium):
Strategic Stock Investments is to help other investors build wealth and benefit from the investing lessons he learned the hard way.