Tuesday, November 30, 2010
Bernanke's Stepping on the Petal
Bernanke's Stepping on the Petal.
Daily Fed Credit = bullish $11.489 Billion today/on 11-30/$8.428 Billion on 11-29/$6.490 Billion on 11-26/$7.420 Billion on 11-24/$6.844 Billion on 11-23/$6.871 Billion on 11-22/$9.786 Billion on 11-19/$8.785 Billion on 11-18/$4.749 Billion on 11-16/$0 on 11-11 Veterans Day/$4.236 Billion on 11-10
Weekly Fed Credit = +$24.277 Billion on/5 days ending 11-24-10/+$3.958 Billion on 11-17-10/+$8.470 Billion on 11-10-10/-$1.986 Billion on 11-3-10/-$1.039 Billion on 10-27-10/-$9.375 Billion on 10-20-10/+$8.599 Billion on 10-13-10/-$3.119 Billion on 10-6-10
Monday, November 29, 2010
Sunday, November 28, 2010
Euro Focus on 12950 DailyFX
Euro Focus on 12950 DailyFX
The article's analysis jives with Euro ETF FXE filling downside gaps/magnets at 130.13 and 129.88.
Saturday, November 27, 2010
The VIX/Fear Spike From the Flash Crash Probably Led to the Modest SPX Upside Surprise
If it wasn't for the huge VIX (SPX Volatility Index)/fear spike that resulted from the May 5 Flash Crash, see http://finance.yahoo.com/q/ta?s=^GSPC&t=1y&l=off&z=l&q=c&p=&a=fs,p12,fs,w14&c=^vix, SPX's (S & P 500) Major Upcycle (since 3-6-09's 666.79 Major Cycle Low) probably would have peaked on 4-26-10 at 1219.80 instead of probably peaking at 1227.08 on 11-5-10. From VIX's 5-5-10 cycle low at 23.75 it spiked dramatically to 42.15 on 5-7-10, and, peaked at 48.20 on 5-21-10, more than doubling in about two weeks time.
It Looks Like the Financials (DJUSFN) Peaked in April, see the second Weekly View chart at http://stockcharts.com/charts/gallery.html?s=$djusfn, and, it looks like SPX (S & P 500) peaked on 11-5-10 at 1227.08 vs the 1228.74 Fib target (0.618 retrace of the 1576.09 to 666.79 decline), rolling over dramatically vs the 4-26-10 1219.80 cycle high, see the second Weekly View chart at http://stockcharts.com/charts/gallery.html?s=spx.
The Reason Why the Euro (ETF FXE) is Such a Good Lead Indicator for SPX
The reason why the Euro (ETF FXE) is such a good Lead Indicator for SPX (S & P 500) is probably largely because of it's effect on corporate profitability, see the five day Euro ETF FXE versus SPX chart at http://yhoo.it/9zUFZc (can click on other available timeframes like 1 day, 3 months, 6 months, 1 year, 2 years, 5 years, and max). As the Euro in US Dollar terms goes up significantly or substantially, then, the USA's corporate profitability is impacted in a significantly positive way, and, obviously, vice versa when the Euro declines significantly or substantially in US Dollar terms.
This however doesn't necessarily explain why it usually works surprisingly well even on an intra day or on a five day basis. It could be that, given the fragility of the USA's as well as Europe's (their ability to buy USA goods/services if the Euro declines in US Dollar terms, resulting in inflation) economy, that the Euro's correlation with SPX (S & P 500) is relatively high, so that, even on a short term and a very short term basis, it remains a good Lead Indicator most of the time.
The Euro's correlation with SPX (S & P 500) and NDX (NASDAQ 100) the past 180 trading days (as of 11-26-10) is a relatively high +67.24%, see http://www.mrci.com/special/correl.htm (The correlation coefficients in the table must be squared in order to arrive at the correlation).
The Euro's correlation with the DJIA the past 180 trading days (as of 11-26-10) is an even higher +73.96%, which makes sense, because, the DJIA is a bit more dominated by large corporations (dependent on profits from Europe) than SPX and NDX are. I may consider trading DJIA ETFs like DIA and DOG. Ciao
Friday, November 26, 2010
$2.5 Trillion in Social Security Bonds Stored in Filing Cabinet
$2.5 Trillion in Social Security Bonds Stored in Filing Cabinet, see $2.5 trillion in Social Security bonds stored in filing ... .
Tuesday, November 23, 2010
Check Out Supatcha Resources (SAEI.OB), You Betcha, LOL
Check Out Supatcha Resources (SAEI.OB), You Betcha, LOL, see http://stockcharts.com/charts/gallery.html?s=saei.
Monday, November 22, 2010
Sunday, November 21, 2010
Saturday, November 20, 2010
Friday, November 19, 2010
Thursday, November 18, 2010
Wednesday, November 17, 2010
Tuesday, November 16, 2010
Monday, November 15, 2010
Sunday, November 14, 2010
Friday, November 12, 2010
SPX, CSCO, and the Euro Put In Bearish Candles Today 11-12-10
SPX, CSCO, and the Euro Put In Bearish Candles Today 11-12-10, see SPX (S & P 500) at http://stockcharts.com/charts/gallery.html?s=spx, CSCO at http://stockcharts.com/charts/gallery.html?s=csco, and, the Euro at http://stockcharts.com/charts/gallery.html?s=$xeu. So, SPX, CSCO, and the Euro are probably still heading down. The five day Euro ETF (FXE) Lead Indicator closed slightly bullish today, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=on&z=l&q=c&p=v&a=ss&c=fxe.
The Euro ETF FXE's dramatic volume spike today (2.688 million shares vs 60 day EMA at 1.676), see http://stockcharts.com/charts/gallery.html?s=fxe, is probably a bearish peaking volume spike, for the very short term upcycle that began yesterday 11-11-10. The Euro ETF FXE will probably fill today 11-12-10's downside gap/magnet at 136.07 on Monday. Ciao
Thursday, November 11, 2010
Wednesday, November 10, 2010
USA Debt Proposal Would Cut Social Security, Taxes, Medicare
USA Debt Proposal Would Cut Social Security, Taxes, Medicare, see
Tuesday, November 9, 2010
Monday, November 8, 2010
Sunday, November 7, 2010
The Euro Appears to be a Good SPX Lead Indicator
The Euro Appears to be a Good SPX (S & P 500, http://bit.ly/i0nsT) Lead Indicator, see http://finance.yahoo.com/q/ta?s=SPY&t=2y&l=off&z=l&q=c&p=v&a=ss&c=fxe. The Euro (FXE is a Euro ETF) might have peaked on Thursday 11-4-10, see http://stockcharts.com/charts/gallery.html?s=fxe.
Saturday, November 6, 2010
On January 1, 2013 ObamaCare Imposes a 3.8% Medicare Tax on Unearned Income
On January 1, 2013 ObamaCare Imposes a 3.8% Medicare Tax on Unearned Income, see http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home.
Friday, November 5, 2010
Wednesday, November 3, 2010
Tuesday, November 2, 2010
Monday, November 1, 2010
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