Sunday, December 19, 2010

DailyMarkets.com - Dollar’s Rally Still Concerning For Stocks And Commodities

DailyMarkets.com - Dollar’s Rally Still Concerning For Stocks And Commodities

Dollar’s Rally Still Concerning For Stocks And Commodities

Posted: 19 Dec 2010 01:05 AM PST

As we head into the final two trading weeks of the year, the U.S. Dollar Index has completed two of the three steps typically associated with a change in trend: (1) the black trendline was broken, and (2) a higher low has been made. The third step would be to make a higher high via a daily close above 81.19.

In the chart of the dollar above, the Rate of Change indicator (ROC at bottom) has made a few higher lows and higher highs, which leans toward the bullish camp. If we fail to see … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold: Strong Nerves And Patience Of Ten Men

Posted: 18 Dec 2010 10:52 PM PST

The past week witnessed rather volatile trading in gold bullion as the price declined to the 50-day moving average ($1,369), thereby retracing 62% of its three-week advance from the middle of November to early December. (Read more about Fibonacci retracement numbers here.) It will be very bullish for gold to hold these levels, but failing that it will take a decline below the November reaction low of $1,337 to indicate a larger correction.

The point-and-figure chart also indicates $1,330 to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Government May Start Giving Out Free Toilet Paper … Er … Money, Says John Williams

Posted: 18 Dec 2010 10:51 PM PST

John Williams, editor of ShadowStats.com, a popular website that tracks real inflation figures, is advising people to hoard physical gold as well as food items in bulk so that they have some means with which to barter as the economic crisis turns ugly. John Williams says government may start giving out free toilet paper … er … … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Markets – Muddle Through For A Few Months?

Posted: 18 Dec 2010 10:50 PM PST

In the graph below, Chart of the Day illustrates rallies that followed massive bear markets. (A "massive" bear market is defined as a decline of greater than 50%.)
Since the Dow's inception in 1896, there have been only three bear markets during which the Dow declined by more than 50% – early 1930s, late 1930s until early 1940s, and during the recent financial crisis. The chart also includes the rally that followed the dot-com bust during which the Nasdaq declined by 78%.
"The current … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wealthtrack: Abby Cohen And Matthew McLennan On Next Year And Beyond

Posted: 18 Dec 2010 10:49 PM PST

This week on WealthTrack, Consuela Mack interviews two commentators on their opinions about next year and beyond. Abby Joseph Cohen needs no introduction, but for the record she is President of the Goldman Sachs Global Markets Institute and the firm's senior investment strategist. Matthew McLennan is portfolio manager of the First Eagle Global and Overseas funds and successor to the legendary Jean Marie Eveillard. He also spent many years as a portfolio manager at Goldman Sachs in London and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Xmas Gift Idea

Posted: 18 Dec 2010 10:48 PM PST

Barry Ritholtz of The Big Picture fame alerted me to the wonderful sketches produced by Carl Richards (Behavior Gap). These are all concerned with financial concepts, exploring the relationship between money and values, and are produced as numbered limited edition prints. The following are two examples from his … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Yardeni: Why Bond Yields Are Rising

Posted: 18 Dec 2010 10:47 PM PST

Ben Bernanke's interview on "60 Minutes" caused a flurry of activity in the bond market by so-called "bond vigilantes". Economist Ed Yardeni shares his views in a WSJ … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tracking The Global Recession: A Timeline From Start To Finish

Posted: 18 Dec 2010 10:46 PM PST

The worst economic crisis in decades played out like a soap opera of epic proportions – the bad guys were vilified, speculation ran wild and drama unfolded on an almost daily basis.
Money.co.uk has tracked the credit crunch in the UK and beyond, from the very first rumblings of trouble to the official end point, and present it here in what may be the most detailed timeline of the recession online.
Click here or on the image below for the full timeline. (By using the links alongside each … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Don Coxe Webcast – Updated (December 17, 2010)

Posted: 18 Dec 2010 10:44 PM PST

Don Coxe has updated his popular webcast on Friday, December 17, 2010 – good news for his followers. You can access the recording here or from the sidebar of the Investment Postcards site (the column on the right-hand side) by clicking on Don's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Week Ahead

Posted: 18 Dec 2010 10:42 PM PST

The video clips below provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead.
U.S.: Holiday season
Before stock markets close on Friday in observance of Christmas, look for low volumes and "window dressing" as managers position their holdings for year end. Revised GDP figures, jobs and durables reports are due.

Europe: Greek budget, Bank of England
The Greek budget and Bank of England minutes are in focus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Debt – So What We Can Accomplish By Working Together?

Posted: 18 Dec 2010 10:29 PM PST

Top 5 Economic Graphs For The Week Ended 19 December 2010

Posted: 18 Dec 2010 09:01 PM PST

This week we review inflation data from the US and the EU. Also examined is Japan’s influential Tankan business sentiment survey, and a check in on US housing starts. Finally we sum up with a look at some of the many monetary policy decisions from the past week.

1. US Inflation

The US recorded a 1.1% y/y headline rate of inflation in November (vs 1.2% in October), and core inflation of 0.7% (vs 0.6% in October). So overall a pretty ho-hum result, inflation at the consumer level is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Debunking VIX Predictive Value

Posted: 18 Dec 2010 11:27 AM PST

Before we all get involved away from the market, I want to wish all a Merry Christmas and a Happy New Year .
I also want to thank you for being here with me. I can’t believe it but am proud to say this is the 600th post of “Stock Chartist”. All of them can be found in the archives (I accidentally deleted some of these earlier posts so I don’t have a true count of total postings but I’m guessing it closer to 700). I started the blog in 2005 and hope to be celebrating its Sixth Anniversary on … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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