America's Economic Future – A Discussion By Ted Kavadas
This is the last blog post (Part V of V) in this “Danger In The Markets?” blog series. I would like to end this blog series with another look at the daily 1-year S&P500 chart. This chart depicts a Rising Wedge from the March lows. As well, I have indicated a potential H&S (Head and Shoulders) …
The charts seen in this post are from Maurice Walker, http://thechartpatterntrader.com. First, a daily 1-year chart of the S&P500. The large broadening pattern (in blue) is notable, as is the smaller one, as seen by the dotted line. chart provided by http://thechartpatterntrader.com Chart Courtesy of StockCharts.com Here is a weekly chart of the S&P500. Notable …
Moving on to the stock market. First, a 1-year daily chart of the S&P500. Although at first glance, the advance from the March lows doesn’t appear too suspect, two aspects are notable. One can see that currently the price has dipped below the 50 day moving average (line seen in blue -the red line is …
Before displaying some charts of the stock market, I would like to post a couple of the Japanese Yen. My comment of September 14 is relevant today: “Additionally, is it not odd, on an “all things considered” basis, that the Japanese Yen is rising at what appears to be an increasing rate? This rise commenced in mid-2007, as …
This series of blog posts represents a periodic Technical Analysis of the markets. My last series of posts (5 parts) of this nature was titled “Peril In The Markets?” and started September 13. At the conclusion of that series of posts, I wrote this blog post summarizing my thoughts: https://www.economicgreenfield.com/2009/09/17/extreme-peril-in-the-stock-market/ Although a stock market crash did not …
My last post about “Cash For Clunkers” was on October 8 and can be found here: https://www.economicgreenfield.com/2009/10/08/cash-for-clunkers-revisited/ On Thursday, there was an interesting story on CNNMoney.com concerning a sales analysis of the Cash For Clunkers program. It can be found at this link: http://money.cnn.com/2009/10/28/autos/clunkers_analysis/?postversion=2009102910 Here are some excerpts that are particularly notable: “A total of …
On October 6 I wrote about my thoughts regarding Unemployment Statistics. That link can be found here: https://www.economicgreenfield.com/2009/10/06/a-note-about-unemployment-statistics/ I recently ran across the following from John Mauldin, found in his October 23 “Thoughts From The Frontline” newsletter: “With 9.8% unemployment, 7% underemployed (temporary), and another 3-4% off the radar screen because they are so discouraged they …
Here is a story from yesterday’s Chicago Tribune titled, “Homelessness rises, redefining living conditions for schoolchildren.” http://www.chicagotribune.com/news/education/chi-homeless-studentsoct28,0,7967162.story As I have previously written: “As I discussed in my September 3 post, I think it is important to have stories and statistics concerning poverty and misfortune published on a more frequent basis. While they are certainly disheartening, …
There are several interesting facets of the markets right now. I will soon comment on some of them. From a stock market perspective, the performance of the McClellan Oscillator is one such facet. Here is commentary from yesterday’s http://www.sentimentrader.com/ that I found very interesting: “Remarkably, the Oscillator hit a deeply oversold reading yesterday, nearly 2 standard deviations below its …
The below link discusses a new economic forecast index called the Aruoba-Diebold-Scotti Business Conditions (ADS) Index: http://knowledgetoday.wharton.upenn.edu/2009/10/the-economy-right-now.html Here is a chart of the index that can be found on the Philadelphia Fed website at this link: http://www.philadelphiafed.org/research-and-data/real-time-center/business-conditions-index/ From the above Philadelphia Fed link: “The Aruoba-Diebold-Scotti business conditions index is designed to track real business conditions at high …