Trend Analysis

I was looking at the bullish breakout on the RUT,which failed today.We have a reversal candle on the SPX and cycle days approaching with the solstice/Bradley date conjunction Fri/Sat so I am bearish against today's high.Some follow through tomorrow would increase confidence,with a close below the 40 dma

http://www.zerohedge.com/news/2013-06-19/bernanke-soaring-interest-rates-we-were-little-puzzled Bernanke is an idiot. The more I listen to the guy the more I realize he truly doesn't have a clue. They actually believe that supply and demand is the driving factor for treasury prices and thus interest rates. I say even if the Federal Reserve buys 80% - 90% of the supply, the remaining 20- 10% on the free market will doom the Fed nonetheless. And can the Fed possibly buy 100% of the bonds issued by the Treasury? Of course not! Simply put, the Fed is trying to "corner" the credit market. When you think about that, its insane. At any rate, here are the squiggle counts. Short term a leading diagonal followed by a choppy (a)(b)(c) with wave (c) as a possible ending diagonal. Rates hitting resistance? No matter. Rising rates is not a good thing. The amount of debt would be simply unserviceable at higher rates. There is no escape. As and example of collapsing real-time social mood I present Real Clear Politics' Presidential Job Approval I don't need to label the chart as one can see an impulse pattern to the upside in the disapproval ratings.

The Investment Company Institute is staunchly against SEC reforms to float the net asset value on money markets but believes a type of “gates and fees” could pose as a better solution. In either case, short-term bond exchange traded funds stand to gain a competitive advantage....

Exchange traded funds have found their way into self-directed brokerage accounts of the average retail investor, financial advisor investment strategies, and even the world’s largest hedge fund. According to the hedge fund’s quarterly 13F report, Bridgewater Associates, which overseas...

This post is password protected. You must visit the website and enter the password to continue reading.

After Bernanke spoke the SPX sold off and closed 23 handles lower: It looks like 1623ish is our next target. If it breaks, we should sell off to 1600ish again.

Natural gas exchange traded funds are on a three-day hot streak as traders anticipate that scorching weather will fuel electricity and air conditioning usage as Americans try to keep cool. The United States Natural Gas Fund (NYSEArca: UNG) is up 1.2% in afternoon trading Wednesday. The fund has...

Investors are looking for the delicate balance between generating yield and not getting burned by rising interest rates. For example, yields on the 10-year Treasury note climbed over 2.3% to the highest levels in over a year on Wednesday. Federal Reserve chief Ben Bernanke said the Fed may scale...