Aruond The Net In Ten Posts – Friday August 24, 2012

Here is what I am reading: The work of John Maynard Keynes shows us that counter-cyclical fiscal policy and an easing of austerity may offer a way out of the Eurozone crisis (The London School of Economics) China’s Slowdown May Be Worse Than Official Data Suggest (Federal Reserve Bank of Dallas) Gold Bulls Strongest in…

Roadblocks Hit: Daily Remarks – Friday August 24, 2012

Thursday: Stocks Ease So Does Volume Early Thursday morning – New York time – the US futures were heading higher from the decline of Wednesday. YM, the DJIA mini futures, was even threatening to form an inverse head-&-shoulder pattern. However, the US unemployment claims report punctured the optimism and the futures lost their steam. For…

U.S. Economy: The Financial Tectonic Plates Are Shifting Once Again

Financial changes can happen with lightning speed History books call the period after the War of 1812 “The Era of Good Feelings.” America was a young nation that had a sense of purpose. National political strife was at a minimum; optimism was in the air. Major advances in technology and engineering brought the country turnpikes…

Daily Remarks – Wednesday August 22, 2012

Two thirds of August trading days are behind us but the month is not playing up to its reputation so far. Bucking the History: Stock Trader’s Almanac notes that over the past 61 years, August has been 10th best month for Dow Jones Industrial Average and NASDAQ or in other words, third worst. August is 9th best for…

Around The Net In Ten Posts – Tuesday August 21, 2012

Here is what I am reading: Meredith Whitney’s Muni Prediction Gets No Boost From Fed (Bloomberg) Stocks breakout on higher volume (MarketWatch) Who’s Lying: The Rally or the Sell Signals? (Minyanville) $DJIA Going For Seven Straight & A Short Video on Cycles (Stock Trader’s Almanac) Our Largest Ever S&P 500 Chart! (Don’t Ignore This Chart)  The…

Key Levels For The Week Of August 20, 2012

Weekly Pivots:   Dow S&P500 NASDAQ DJTRA R2K FTSE DAX Previous 13,208 1,406 3,021 5,064 802 5,847 6,945 Open 13,205 1,406 3,018 5,062 801 5,847 6,936 High 13,281 1,419 3,077 5,195 820 5,876 7,041 Low 13,113 1,397 2,999 5,025 792 5,811 6,882 Close 13,275 1,418 3,077 5,194 820 5,852 7,041 Change % 0.5% 0.9% 1.8%…