Charts look weak overall, but I have to caution that the 30m minis and the 30m SPX are on the same page both bottoming. Is Ben scheduled to peak this morning? This could be an incredibly bearish move this morning if they can pull it thru the 37 number on the minis and the 40 level . . . → Read More: Morning Post, SPX, S&P 500, E-mini
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Not sure where to start this morning. I guess the bottom line is that Uncle Benny has promised to make it all good and reinforces that he can manipulate markets and economies to prosperity again (no worries about the next bubble of course), so the market loves it. How do you invest in a market where . . . → Read More: Morning Post, SPX, S&P 500, E-mini Submitted by RCS Investments Bullish + Global trade continues to expand. Industrial production in emerging market economies is up more than 10% from their prerecession peak. (Link Courtesy of News-to-Use). + Chicago PMI shows an increase in activity during the month of July. Manufacturers continue to report expansion in the Mid-West, a very important manufacturing hub. All sub-components . . . → Read More: Bull/Bear Weekly Recap Not commenting on anything till all the econ indicators report. I’ll say that you need to have your finger on the trigger willing to shoot either way. I assume down will be the appropriate direction. We now know that it was this announcement Already Bought A 3D LCD In Anticipation Of QE . . . → Read More: Morning Post, SPX, S&P 500, E-mini It appears the earlier market rumor about a Chicago PMI of 53.6 that sent the SPOOs another leg lower were incorrect. Now if only the administration can please reconcile the drop in the economy with the PMI surge all will be forgiven. In the meantime stocks keep trading from headline to headline. Categories posting improvement include . . . → Read More: Chicago PMI At 62.3 Versus Expectations Of 56 Print * Indexes on track for worst quarter in at least five * Chicago PMI rises slightly more than expected * Private employment report disappoints * Dow off 0.1 pct, S&P up 0.02 pct, Nasdaq off 0.06 pct * For up-to-the-minute market news see [STXNEWS/US] (Updates to late afternoon, changes byline) By Chuck Mikolajczak NEW YORK, June . . . → Read More: US STOCKS-Wall St flat after data, quarter ending weak (Repeats to additional subscribers with no change to text) June 30 (Reuters) – The Institute for Supply Management-Chicago said on Wednesday its index of Midwest business activity fell in June to 59.1 from 59.7 in May. Economists polled by Reuters had forecast an June figure of 59.0. (seasonal adj) June May Apr Mar Feb Jan NAPM-Chicago . . . → Read More: RPT – TABLE-Chicago PMI index 59.1 in June vs 59,7 in May June 30 (Reuters) – The Institute for Supply Management-Chicago said on Wednesday its index of Midwest business activity fell in June to 59.1 from 59.7 in May. Economists polled by Reuters had forecast an June figure of 59.0. (seasonal adj) June May Apr Mar Feb Jan NAPM-Chicago 59.1 59.7 63.8 58.8 62.6 61.5 Production 64.2 61.0 . . . → Read More: TABLE-Chicago PMI index 59.1 in June vs 59,7 in May |
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