Monthly Archives: September 2012

weekend update

REVIEW The pullback from new bull market highs continued for a second week. After a 16.4% gain over the past, nearly, four months. The market has pulled back 3.0% over the past two weeks. Quite normal for this stage of … Continue reading

Posted in weekend update | Tagged , , , | 61 Comments

friday update

SHORT TERM: gap down opening, DOW -49 Overnight the Asian markets gained 0.1%. European markets opened higher, but lost 1.4%. US index futures were lower overnight. At 8:30 Personal income was reported: +0.1% vs +0.3%, and Personal spending: +0.5% vs +0.4%, … Continue reading

Posted in Updates | Tagged , , , | 5 Comments

thursday update

SHORT TERM: markets gaps up and rallies, DOW +72 Overnight the Asian markets were +0.4%. European markets opened higher and gained 0.4% as well. US index futures were higher overnight, but at 8:30 the final Q2 GDP was reported lower: … Continue reading

Posted in Updates | Tagged , , , | 44 Comments

Dry Bulk shipping industry

During the past decade or so nearly every sector of the transportation industry has run into serious Secular cycle problems. First it was the Airlines, then Trucking, then the Autos, and now Shipping. While the first three sectors appear to be … Continue reading

Posted in selected charts | Tagged , , , | 21 Comments

wednesday update

SHORT TERM: market pullback extends, DOW -44 Overnight the Asian markets lost 1.0%. European markets opened lower and lost 2.1%. US index futures were lower overnight, and the market opened one point under yesterday’s SPX 1442 close. Right after the … Continue reading

Posted in Updates | Tagged , , , | 37 Comments

Gold Update by Patrick McGough

Long Term:  Bull Market The Gold Bull market started during the first quarter of 2001, and has now been in play for approximately 11 1/2 years.  Commodity cycles tend to have 13 year bull markets and 21 year bear markets.  … Continue reading

Posted in selected charts | Tagged , , , , , | 18 Comments

tuesday update

SHORT TERM: market pullback continues, DOW -101 Overnight the Asian markets gained 0.1%. European markets opened higher and gained 0.4%. US index futures were higher overnight, and at 9:00 Case-Shiller housing prices were reported higher: +1.2% vs +0.5%. The market … Continue reading

Posted in Updates | Tagged , , , | 73 Comments

Commodities and their sectors — update

After the recent announcements of the ECB’s OMT program, (outright monetary transactions), and the FED’s QE 3 program, (open ended asset purchases), we were forced to not only review the equity markets, but also the commodity markets. We updated the commodity charts last … Continue reading

Posted in selected charts | Tagged , , , , | 8 Comments

monday update

SHORT TERM: pullback continues, DOW -21 Overnight the Asian markets were -0.4%. European markets opened lower and closed -0.6%. US index futures were lower overnight, and the market gapped down to SPX 1453 at the open. After a dip to … Continue reading

Posted in Updates | Tagged , , , | 38 Comments

weekend update

REVIEW It was a relatively quiet Options expiration and week in this US. The entire range for the week was SPX 1450-1467, and those numbers were achieved on thursday and friday. For the week the SPX/DOW were -0.25%, and the NDX/NAZ were … Continue reading

Posted in weekend update | Tagged , , , | 40 Comments