The Chart Book: 10.21.12
A graphic representation of the markets to keep you on the right side of the trend.
Category: commodities
Inflation Pressures Decrease
A composite indicator constructed from the trends in yields on the 10 year Treasury bond, gold and the CRB Index suggests that inflationary pressures have decreased. The indicator is shown in figure 1, a weekly chart of the SP500. I last discussed this indicator and its significance in this recent article.
Inflation Pressures Still Elevated
A composite indicator constructed from the trends in yields on the 10 year Treasury bond, gold and the CRB Index continues to suggest that inflationary pressures are rising, and this, on average, is a headwind for equities. The indicator is shown in figure 1, a weekly chart of the SP500. I last discussed this indicator [...]
Inflationary Pressures Are Very Elevated
A composite indicator constructed from the trends in yields on the 10 year Treasury bond, gold and the CRB Index continues to suggest that inflationary pressures are rising, and this, on average, is a headwind for equities. The indicator is shown in figure 1, a weekly chart of the SP500. I last discussed this indicator [...]
The Chart Book: 9.9.12
A graphic representation of the markets to keep you on the right side of the trend.
Bond Model: Failed Signal?
It appears that our bond model will yield a sell signal at the end of this week. I use the word “appears” because my models utilize weekly data, signals are generated at the end of the week. As I have stated on several occasions, the technical picture was looking rather weak despite the positive signal [...]
More Charts with Comments
Some of the more popular charts across a variety of markets. These are weekly charts. The black and red dots are key pivot points, which represent the best areas of support (buying) and resistance (selling).
Dr. Copper
It is often stated that copper is the metal with a Ph.D. in economics, and the data for the most part bears this out.
The Asset Road Map: 3.20.12
There have been a lot of changes in the trading models over the past 2 weeks, but the basic tenor from this perspective is that hard assets should outperform paper assets.
Monthly Model Mania: February, 2012
This is our monthly review of our trading models or those tools that help us navigate the markets. In the equity markets, our model has turned bullish. To start the year, the model was bearish, and the basis for this was the lack of bearish sentiment in the market. No bears means no short covering, [...]
Monthly Model Mania: October
Before the month gets away from me, I thought now would be a good time to review our trading models.
Where Have They Been?
This was a headline from this week’s Wall Street Journal, and this was after copper had fallen 16% in one week, and 26% in 8 weeks.
This is Bearish
Figure 1 is a weekly chart of a continuous futures contract for copper, the metal with a Ph. D. in economics.
Watch Copper
Over the past couple of years, the strong correlations amongst equities and between equities and other asset classes such as emerging markets and commodities has become rather tight. Courtesy of TraderMark at FundMyMutualFund and FT.com/alphaville, ConvergEx has the following note out on market correlations: “The difference between investing in Emerging Markets equities, Developed Markets equities, [...]
Dr. Copper and Global Economy Look Vulnerable
Dr. Copper, that metal with a Ph. D. in economics, isn’t looking so hot. In fact, it is at a reasonable risk of breaking down thus highlighting the current risks in the global economy.
Inflationary Headwinds Diminishing
The composite indicator constructed from the trends in the CRB Index, gold and yields on the 10 year Treasury is no longer extreme. As prices on the SP500 are above the 40 week moving average, this would be a buy signal as per our strategy that combines this filter with the 40 week moving average. [...]
