America's Economic Future – A Discussion By Ted Kavadas
Over the last few months a notable divergence has occurred between the U.S. and Chinese stock markets. Two charts illustrate this divergence. The first shows the S&P500 vs. the Shanghai Composite on a daily basis: chart courtesy of StockCharts.com The second chart shows a chart of FXI, the iShares FTSE/Xinhua China 25 Index. This chart …
The climb in the S&P500 has been notable over the last few sessions. According to SentimenTrader.com, through yesterday, “Yet another up day pushed the S&P 500 futures to its 10th straight gain, only the second time since their inception (01/15/87 was the other).” Here is a chart of the S&P500 price action of the last …
Here are two charts that I find notable. The first is the daily chart of the US Dollar. I have added the 50-day moving average. As one can see, the trend seems to be “up.” This increase, if sustained, will pressure the US Dollar carry trade and that would likely have an outsized negative impact on various markets: …
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 …
The price action in the S&P500 since the March low at ~666 has struck me as being very “impulsive.” This is certainly a cause for concern. Also, there certainly has not been any significant “wall of worry” that one would expect given the fundamentals. The charts seen in this post are from Maurice Walker, http://thechartpatterntrader.com. First, a …
Moving on to the stock market… The first chart is the NYSE Summation Index. I have put in the S&P500 as an overlay in green, with the NYSE Summation Index’s MACD at the bottom of the chart. What I find interesting here is the negative MACD divergence as indicated on the chart, in blue: Chart …
The August 17 edition of Business Week, p19 had a column titled “A Record Revenue Decline.” It can be found here at the bottom of the page: http://www.businessweek.com/magazine/content/09_33/c4143btw375952.htm?chan=magazine+channel_the+business+week This line is especially noteworthy: “This marks the first time since S&P started tracking quarterly revenues (in 1993) that revenues dipped 10% or more for three quarters in …