Chinese stocks were sharply lower last night. They were down 4.3% last night, and are down nearly 20% in the last month. Last night’s Chinese selloff was attributed to a report that showed a sharp drop in loans in...
Read MoreCrude oil had a big break last week. Friday saw a big selloff. Fundamentally, a weak US consumer confidence caused traders to lower demand estimates. Technically, two relatively narrow range days and a doji on...
Read MoreJuly housing starts were weaker than expected. This took a bit off the recovery rally in stocks. Overnight, Asian markets stabilized, German investor confidence rose, and UK inflation was a bit higher than...
Read MoreSorry this is late; I had to clean up old trendlines off my charts. The markets don’t stop because you’re on vacation. Stocks are lower; Asian stocks fell on the weak US consumer confidence number released...
Read MoreStocks are higher over optimism about the recovering health of the financial sector. Jobless claims posted a bigger than expected fall. This was good news, but is overshadowed by tomorrow’s employment report...
Read MoreThe ADP employment report came in about as expected; it did little to move the markets.Stocks are slightly lower, but so is the Dollar; that tends to be bullish for stocks.Treasuries are lower ahead of today’s announcement...
Read MoreStocks are lower on profit taking and a poor earnings report from UBS.Crude oil is down $1.10 on thoughts that tomorrow’s crude inventory number will show another big increase.The Dollar is anemically higher; metals have...
Read MoreThe Chinese PMI rose to a 12 month high in June, which kept Friday’s tone of economic recovery going. The return of risk appetite is showing up in other markets:the USD and Treasuries are lower, and commodities are higher....
Read MoreGreen shoots? Not in CRE. Think AIG is fixed? Want to own a piece of the building where Madoff’s foffices were located? If the free money runs out, print more! Copyright 2009 This feed is for personal, non-commercial use...
Read MoreGold and silver futures had breakout setups today, so today’s big moves shouldn’t have come as a surprise.I’ll write more about it later, but in essence, on a “breakout day’ we’re looking for...
Read More
