Charting Stocks

The Fed’s Move
Amid pressure of growing concerns of a recession, and contrary to every public comment he has ever made, Ben Bernanke stepped in to bail out Wall Street at the expense of higher inflation and a declining US dollar. His 50/50 bps cut on the fed funds and discount rates sent stock prices and [...]

Charting Stocks
First time readers are encouraged to read my 2007 outlook report which was written on January 1, 2007. Click the link below to read.
The Coming Stock Market Crash of 2007
In my previous post, I mentioned that the short term move up would most likely stall at 13,500 on the Dow Jones Industrial Average. I [...]

Charting Stocks Update
August 19, 2007
“The US government is on a ‘burning platform’ of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon.
..These include “dramatic” tax rises, slashed government services and the large-scale dumping by foreign governments of holdings of US [...]

Charting Stocks
April 1, 2006
“All great inflations end with the acceptance of real money—gold—and the rejection of political money—paper. The stage is now set; monetary order is of the utmost importance. Conditions are deteriorating, and the solutions proposed to date have only made things worse. Although the solution is readily available to us, powerful forces whose [...]

Charting Stocks Update
March 17, 2007
Merrill Lynch urges the Fed to cut rates:
Merrill Analyst — “If the inflation-fighting Federal Reserve were to keep rates unchanged to contain price growth — instead of cutting by 1 percentage point in the second half of 2007 as Merrill expects — then this would put the probability of an outright [...]

March 4, 2007
The Bear Market Has Begun
(Update 2008: OK, so I was a bit early!)
In “The Coming Stock Market Crash of 2007,” I made the case for a major stock market decline based on both macroeconomic events and technical weakness emerging in the global financial markets. At the time, my view was against [...]

February 26, 2007
There’s an old saying on Wall Street–”Where the broker-dealers go, so goes the market.”
After a day of heavy selling pressure, the AMEX broker-dealer index broke below the 50 day moving average. This is not a good sign for the health of the market.
Below we see the index breaking down after todays trading.

The following [...]

January 1, 2007
Charting Stocks 2007 Outlook:
The case for a Stock Market decline in 2007
-Contraction of the manufacturing sector: Usually precedes a recession
-Auto production declining by more than 10%: Usually precedes a recession.
-The collapsing real estate market: Public Home Builders report record cancellations. KB Homes 53% of orders were cancelled in 2006. Pulte Homes 36%, [...]