The Market Technical
Monday Morning Chartology
Friday looked like just another test of the lower boundary of the short term up trend; and indeed, that may be it. However, the discordant performance of the DJIA, falling below the lower boundary of its short term up trend introduces an extra element of uncertainty. So I want to see a rebound of both before committing capital.
Thank heavens for GLD.
Here is an interesting perspective on gold (medium):
http://www.minyanville.com/businessmarkets/articles/gold-gold-price-gold-rage-gold/9/9/2011/id/36792
While the VIX closed at the upper end of its current trading range, it doesn’t have the look of an ‘end of the world’ scenario.
Economics
This Week’s Data
Other On the effectiveness of Operation Twist (medium):
http://www.zerohedge.com/news/usefulness-operation-twist-straight-horses-mouth
A eurozone calendar of upcoming events (short):
http://www.zerohedge.com/news/key-upcoming-dates-european-denouement-and-complete-eurozone-cheatsheet
The latest money supply data and what it is telling us (medium):
http://www.zerohedge.com/news/key-upcoming-dates-european-denouement-and-complete-eurozone-cheatsheet
Politics
Domestic
The fallacy of Buffett’s tax rate argument (medium):
http://www.nytimes.com/2007/07/15/business/yourmoney/15view.html?adxnnl=1&adxnnlx=1315595034-yJ2CzVoRlFpRtenWEVAKMQ
International War Against Radical Islam
Charles Krauthammer on the war on terror (medium):
http://www.washingtonpost.com/opinions/the-911-overreaction-nonsense/2011/09/08/gIQAc727CK_story.html
No comments:
Post a Comment