Back On Wednesday

It's the end of the year and I and the future Mr$. Bonddad have plans. I will be back full time on Wednesday morning at the state of a new trading year.So please -- have a good end of the year ---- and a safe end of the year. Some holidays bring out the nut jobs -- and this is one of them. So everybody have a good time but keep it cool...

Read More

Back On Wednesday

It's the end of the year and I and the future Mr$. Bonddad have plans. I will be back full time on Wednesday morning at the state of a new trading year.So please -- have a good end of the year ---- and a safe end of the year. Some holidays bring out the nut jobs -- and this is one of them. So everybody have a good time but keep it cool...

Read More

New York and NASDAQ New Highs/New Lows Index Is Ugly

These two charts are from stockcharts.com -- which is still one of the best technical analysis sites on the web. On the NYSE, the index is slowly drifting lower.On the NASDAQ, it's dropping far faster.This tells us a very important point: the number of stocks hitting new lows is increasing faster than the number of stocks that are hitting new highs....

Read More

New York and NASDAQ New Highs/New Lows Index Is Ugly

These two charts are from stockcharts.com -- which is still one of the best technical analysis sites on the web. On the NYSE, the index is slowly drifting lower.On the NASDAQ, it's dropping far faster.This tells us a very important point: the number of stocks hitting new lows is increasing faster than the number of stocks that are hitting new highs....

Read More

Credit Crunch Alive and Well -- Very Well

This chart is from the Federal Reserve. Notice the amount of commercial paper has continued to drop with no abatement since August. I've drawn two horizontal lines to highlight the chan...

Read More

Credit Crunch Alive and Well -- Very Well

This chart is from the Federal Reserve. Notice the amount of commercial paper has continued to drop with no abatement since August. I've drawn two horizontal lines to highlight the chan...

Read More

The Bond Market Is Really Interesting Right Now

I have been watching the bond market with fascination lately because it is getting hit by several strong cross-currents. But first, let's review what moves the bond market. The following at not in any particular order, because the order can change depending on the overall investment environment.-- Inflation expectations. Inflation eats into the...

Read More

The Bond Market Is Really Interesting Right Now

I have been watching the bond market with fascination lately because it is getting hit by several strong cross-currents. But first, let's review what moves the bond market. The following at not in any particular order, because the order can change depending on the overall investment environment.-- Inflation expectations. Inflation eats into the...

Read More

Today's Markets

Before we look at today's charts, let's look at the daily charts (yes, there's a reason for this). Today there was a big sell off. But.....It didn't do a lot of technical damage to the SPYs. They retreated to the 200 day EMA. In addition, the EMAs (Exponential moving averages) are still bunched up, indicating the market is looking for direction...

Read More

Today's Markets

Before we look at today's charts, let's look at the daily charts (yes, there's a reason for this). Today there was a big sell off. But.....It didn't do a lot of technical damage to the SPYs. They retreated to the 200 day EMA. In addition, the EMAs (Exponential moving averages) are still bunched up, indicating the market is looking for direction...

Read More

More on Holiday Sales

From the NY Times:By early December, the traditional start of the holiday buying rush, Coach, Target and Starbucks — arguably the reigning trendsetters among American retailers — warned that the number of consumers walking into their stores had begun to dip, or was likely to, as consumers restrained their spending.Coach cautioned that the 20 percent growth rate for handbags over the last several years would most likely fall to 10 percent for the final months of this year — nothing to be ashamed of, but a significant setback. And Target, which is...

Read More

More on Holiday Sales

From the NY Times:By early December, the traditional start of the holiday buying rush, Coach, Target and Starbucks — arguably the reigning trendsetters among American retailers — warned that the number of consumers walking into their stores had begun to dip, or was likely to, as consumers restrained their spending.Coach cautioned that the 20 percent growth rate for handbags over the last several years would most likely fall to 10 percent for the final months of this year — nothing to be ashamed of, but a significant setback. And Target, which is...

Read More

Is Gold Moving Higher?

This is a chart I've been watching closely for the last few months. As inflation picks-up, I've wondered when gold would follow. Well, it looks like gold may be doing just that. Notice that prices have been consolidating in a triangle pattern for the last two months. Yesterday we saw prices move through resistance on solid volume.On the 2 year chart,...

Read More

Is Gold Moving Higher?

This is a chart I've been watching closely for the last few months. As inflation picks-up, I've wondered when gold would follow. Well, it looks like gold may be doing just that. Notice that prices have been consolidating in a triangle pattern for the last two months. Yesterday we saw prices move through resistance on solid volume.On the 2 year chart,...

Read More

Today's Markets

I'm going to start with the Russell 2000, because that's where some of the most interesting action is right now.Sometime ago I wondered whether the IWMs had formed a double bottom. Well, they've had a nice end of the year rally and are currently at the point where they could break out from the highest point between the two bottoms. If this happens,...

Read More

Today's Markets

I'm going to start with the Russell 2000, because that's where some of the most interesting action is right now.Sometime ago I wondered whether the IWMs had formed a double bottom. Well, they've had a nice end of the year rally and are currently at the point where they could break out from the highest point between the two bottoms. If this happens,...

Read More