The S&P 500 Index stalled at its 200-day e.m.a. line as the rally that began at the start of the new quarter paused for reflection in trading yesterday. Given that the 50-day e.m.a. line has declined back to the 200-day...
Read MoreBelow are two comparative charts of the CRB Index and… an overlaid and likely needlessly complicated view of natural gas futures (in black) and two moving average lines (200-day e.m.a. in red, 100-day e.m.a. in...
Read MoreJust below is a chart comparison between the U.S. 30-year T-Bond futures and the spread or price difference between the 30-year and 10-year (30- 10) Treasury futures.We often show the trend for the bond market through the 30- 10...
Read MoreJust below is a chart of the spread or difference between 10-year U.S. Treasury yields and 3-month TBill yields. During the time shown the spread has ranged from a high around 38 (3.8%) down to a low close to or below -5 (-.5%)....
Read MoreSome time close to mid-2008 we showed a comparison between the Nasdaq’s ‘bubble peak’ into 2000 and crude oil prices. The chart comparison seemed to resonate with our readers because we received more responses...
Read MoreThe rising trend for gold prices reflects, we suspect, a general sense of mistrust and disdain for alternatives such as the U.S. dollar and euro. It is also related to concerns about the health of the banking system and, from an...
Read MoreJune 30 (Bloomberg) — U.S. stocks fell, extending the first quarterly drop in the Standard & Poor’s 500 Index in more than a year, after Moody’s Investors Service’s warning that it may downgrade Spain...
Read MoreIf some one had told us that the S&P/Case Shiller Index would show that home prices in 20 U.S. cities were up 3.8% in the month of April- the largest gain since 2006- we would have bet that the stock market would have...
Read MoreWe stumbled across an argument yesterday in favor of a parabolic rise in gold prices based on a comparison between the rally for gold from 1968 into 1980, the bull market run for the Nasdaq from 1988 into 2000, and the start of...
Read MoreWe are asked from time to time when the Fed will start to raise the funds rate. Our basic answer is that this will happen on the first meeting after 3-month TBill yields move above the upper band of the current 0% to .25%...
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