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Author: Michael Kahn

Commodites thoughts

Just looking around the markets. Corn peaked last week (for now) and that may have had something to do with the Senate vote to kill ethanol subsidies. Maybe. Check out these three charts: This is the coffee ETN. Looks bad for...

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NOT a morning star

I have a pet peeve when it comes to charting. It is a strange one since I am also a big fan of finding the spirit of a technical pattern when the “letter of the law” does not really work.   I hate it when...

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Food Glorious Food

A few disturbing headlines recently relating to what we already know – food prices are going up.  This, as our feckless, er, fearless leaders tell us everything is just fine.Food prices climb further at the grocery...

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Small Business indicator?

Something about this chart of Staples says that small businesses are not doing that well.Big companies are not running down to the corner retail store to pick up 100,000 boxes for shipping their products or 10,000 ink cartridges...

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Swiss Roll (over)

It’s not quite the same yummy jelly roll pastry somehow associated with the Swiss, which would be somehow justified if there were chocolate in it but there is not. Rather, it is the Swiss Franc, here represented  by...

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More on risk off

Last week, I mentioned a few ratios covering some behind the scenes stuff relating to perception of risk. They peaked in February with the conclusion that risk was no longer in vogue. The copper/gold ratio and the junk/quality...

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Gloves coming off

Normally, I avoid all taboo subjects in this blog, such as politics, religion and sex, and try to keep it all about money with an emphasis on the technicals. After reading some excerpts from President Obama’s excuse parade...

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Website maintenance

My server host will conduct maintenance this evening (June 2) in a window from 10:00pm EDT through 02:00am EDT (June 3).  Total down time expected to be 20 minutes

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More Risk Off

A chart introduced to me by colleague Boris Simonder also sports a peak in February as the copper/gold and junk/hi-grade bond ratios do (see yesterday’s blog). The offense/defense index simply compares the performance of...

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