Friday, August 20, 2010

Morning News Notes: 8.20.10

The "Morning News Notes" as prepared by TL...mini boom in mergers, the SLOOS report, US workers and their salaries, NYC unemployment rate falls, record number of people "tap" retirement accounts, BP, Philly Fed Index, social security, and chances of a double dip.

Thursday, August 19, 2010

Morning News Notes: 8.19.10

The "Morning News Notes" as prepared by TL...initial jobless claims, SEC sues NJ, technical update on SP500 from JP Morgan, housing, US banks, mortgage refinancing increases last week, GLD, and the decoupling of stock prices and bond yields.

Wednesday, August 18, 2010

If This Were A Stock....

See figure 1 a weekly price chart. The 40 week moving average (i.e, red line) is heading higher, and prices are trading above key pivot points, which are areas of support (buying) and resistance (selling). In essence, this is a "beautiful" chart with lots of momentum (i.e., note the breakout gaps). If this were a stock, the analysts and pundits would be all over the "breakout" ---blah, blah, blah.

Morning News Notes: 8.18.10

The "Morning News Notes" as prepared by TL...American households pare their debt, Renminbi depreciation, Bill Gross on mortgages, oil drilling in the Gulf, Jeremy Siegel on the "Great American Bond Bubble", Fed's senior loan officer survey, and Obama administration to lax travel to Cuba.

Tuesday, August 17, 2010

Morning News Notes: 8.17.10

The "Morning News Notes" as prepared by TL...candidate preferences in 2010 elections, new rules to protect mortgage buyers, loosening of lending at big banks, Obama bans on deep water drilling, Mark Mobius on global recovery, China's leading economic index, Euroland, and corn.

Investor Sentiment: Composite Look

Figure 1 is a composite look at investor sentiment as of week end. The indicator is constructed from the "Dumb Money" and "Smart Money" indicators, Rydex asset data, and InsiderScore total market value of insider buying and selling shown in the weekly round up on sentiment. 11 unique data points are utilized.

Monday, August 16, 2010

Morning News Notes: 8.16.10

The "Morning News Notes" as prepared by TL...stimulus spending, China GDP, US economic growth, PIMCO and US Treasuries, credit scores surge, Greenspan on the economy, Thomas Hoenig of the Kansas City Fed expands upon his dissenting vote and General Petraeus on the strategy in Afghanistan.