Monthly Archives: November 2010

tuesday update

SHORT TERM: another gap down opening, DOW -48 Overnight the Asian markets were mostly lower. Europe opened higher but closed -0.30%. US index futures were lower overnight, and at 9:00 Case-Shiller reported housing price changes remain positive: +0.59% vs +1.70%. … Continue reading

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USD index (DXY)

We have done some extensive time cycle research on the currencies this year and have reported some of our findings in a recent post: https://caldaro.wordpress.com/2010/10/06/the-currency-time-cycle/. This is an update. The chart above displays the USD (DXY) movement since its major SC top … Continue reading

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monday update

SHORT TERM: another gap down opening, DOW -40 Overnight the ECU approved an Ireland bailout package: http://www.marketwatch.com/story/ireland-bailout-deal-near-reports-2010-11-28?siteid=bnbh. Asian markets were mostly higher on the news. Europe, however, opened higher but ended -1.90%. US index futures were quite volatile overnight. Gapping up … Continue reading

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FED’s adjusted monetary base

While it is necessary for the monetary base to increase during economic growth periods, as is clearly illustrated in the above chart. Since the 1987 stock market crash, it has also become FED policy to increase the monetary base during non-growth periods … Continue reading

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weekend update

REVIEW After four gapped openings in four trading days the US markets ended the week mixed. Economic reports for this week continued the upward trend of improving numbers. Q3 GDP was revised higher to 2.5%. Personal income/spending rose, weekly jobless … Continue reading

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