America's Economic Future – A Discussion By Ted Kavadas
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 …