Monday, May 31, 2010

Yay for a debt default


Yay for a debt default John Tamny OCRegister
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Wall Street's War Matt Taibbi


Wall Street's War Matt Taibbi RollingStone
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The Great Deceit Ken Gerbino


The Great Deceit Ken Gerbino 321gold
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Huge Price Cuts Rumored From Chinese Developers


Huge Price Cuts Rumored From Chinese Developers BusinessInsider
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The Verdict on Keynes


The Verdict on Keynes

  • by Martin Hutchinson
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Sunday, May 30, 2010

This Memorial Day, Don’t Forget Who We’re Remembering


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Dems OK Spending $2 Now For Each $1 In Long-Term Taxes


Dems OK Spending $2 Now For Each $1 In Long-Term Taxes Investor's Business Daily
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IS THE WORLD BROKE?: US Housing Propped Up by Giveaways


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We're Broke and The System is Broken


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China: The Next Ill Wind?


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BP cuts checks for workers' lost wages


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News Analysis: Unrest May Signal New Phase in China Economy


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Saturday, May 29, 2010

SPX Will Probably Take Out the 1219.80 4-26-10 Cycle High!


SPX (S & P 500, http://bit.ly/i0nsT) Will Probably Take Out the 1219.80 4-26-10 Cycle High!, see the Daily View chart one at http://bit.ly/i0nsT.

Why? Because SPX put in a very bullish very large inverse spike on a bullish white (close above the open) candle on 5-25-10 (1040.78 likely Monthly Cycle Low), see the Daily View chart one at http://bit.ly/i0nsT. Also, the candle that occurred at the 1219.80 4-26-10 cycle high isn't very bearish. Additionally, the volume spikes that occurred at/near recent cycle lows have been very large (approaching the March/April 2009 volume spikes, when prices were generally much lower, making the higher volume much easier/more likely to occur), though it's possible that significant outflows occurred. Another very important factor is that volatility spikes recently (May 6's 20 to 30 minute crash probably set a record for rate of decline (per minute decline)) have been huge (high correlation with fear). Buckle up!
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Brazil central bank calls auction to buy dollars


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Long Weekend = Long Commodities


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Bond Market Contagion? It's Already Here


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Business Highlights AP


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Wal-Mart makes splashy price cuts to get mojo back


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Friday, May 28, 2010

Today's SPX Weakness Looks Like Wave 4 Down of the Large Short Term Wave 1 Upcycle Since 5-25-10


Today's SPX (S & P 500, http://bit.ly/i0nsT) Weakness Looks Like Wave 4 Down (up down up down pattern since 5-25-10, on the daily candlestick chart) of the Large Short Term Wave 1 Upcycle since 5-25-10 (likely Monthly Cycle Low at 1040.78 on 5-25-10), see Daily View chart one at http://bit.ly/i0nsT.

Trading Roadmap: WATCH SPX's 1103.06 upside gap/magnet from today's open (1115.05 is the next gap/magnet after that), see 5 day chart http://bit.ly/3qGxf3.
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