From the monthly archives:
The S&P 500 is very close to giving a weekly ‘buy’ signal.
We are very close to an “outside reversal” candlestick on a weekly chart of the S&P 500. It just has to go 5 points higher than it has already. If it does — and the S&P 500 ends the day positively — [...]
Well, the S&P 500 did not quite go high enough to give us an outside reversal day. Last week’s high was 985.44. This week’s high was 948.38. However, some people will say these lines are drawn in crayon, not with razors. So, make your own decision.
In other news, lots of bearish [...]
The deputy chief of the National Development and Reform Commission in China acknowledged that China is now the world’s largest greenhouse gas polluter.
The air pollution problem is China is from two primary sources: automobiles and coal-fired utility plants.
Cleaning up pollution from those two sources will be generate huge profits for the right [...]
Here’s the chart you need to watch — currencies are driving everything. Is the US dollar going to correct lower? It hasn’t broken its recent rocket ride of an uptrend. Neither has crude oil, despite its rally yesterday …
GLOBAL ECONOMY
Treasury, FDIC Crafting Plan to Rework Millions of Mortgages [...]
The Hong Kong Monetary Authority cuts its benchmark interest rate by a half-point to 1.5% yesterday. The Hang Seng jumped by 10% on the news.
Quite a different response than what we saw in the U.S. to a rate cut. I’ve said it before — if you’re going to be invested in stocks, [...]
That’s what I’m left wondering when I read stories like this one, entitled “Bailout scope limited to … virtually anything.” Here’s an excerpt …
“As the list of ailing companies seeking government help grows, it is anybody’s guess where the Treasury Department’s largesse will stop.
“The $700 billion bailout bill is so vague that virtually [...]
China cut interest rates for the third time in two months to keep its economy from following the U.S. slowdown. China’s key rate was cut from 6.93% to 6.66%.
You’ve probably never heard of Shenyang, a northeastern industrial city of 4 million people.
This article is an interesting read (and pictures) about the effects of growth on this city through the eyes of a former resident.
Our remaining short positions got cleaned out yesterday and this morning (ouch!) and now the market is waiting with bated breath to see if the Federal Reserve cuts the Fed Funds rate by 50 basis points (expected) or more or less (really not expected).
There are several technical — and temporary — reasons the [...]
Yesterday’s 889 point Dow Jones rally translated into a 10.3% one day gain. That is an impressive gain but the Hong Kong Hang Seng index jumped by 14.4%.
My point is that if you’re going to be invested in stocks, the biggest bang for your buck is going to be in Asia.
