Archive - Jul 29, 2010 - Blog entry

The Fed came out with its Beige Book, a summary of economic activity from June to mid-July. The report overall noted "modest" growth if not slowing growth. Consumer confidence declined and durable goods orders were also down.

With the lack of action lately we all seem to be confused - including Market Profile analysis. Watch out for the Chicago PMI...it comes out before you're really told.

When the Caisse released its 2009 results back in February, the annual report wasn't made available then, and I didn't provide a full discussion on it. It turns out they published one of their best annual reports ever, focusing on accountability.

Recent 1 to 1 Treasury to Equity correlation continues to break down as we noted monday...note Treasuries holding near high of the day as equities rally back into green...something is amiss in the financial markets right now with one of these markets being artificially skewed...

Could it be??? I don't know, so I'll let you decide...

Singapore has won the sweepstakes to become the world’s fastest growing economy. A white hot first half 18.1% GDP growth rate. The financial sector is booming, thanks to an explosion of newly minted Chinese billionaires. Goldman Sachs and Morgan Stanley scrambling to add local staff. Time to bury old grudges? (EWS).

Multi Technical Analysis method based Technical Confluence Support & Resistance PowerZones for the S&P 500 futures

Don't be so quick to dismiss the behemoth known as Microsoft!

• Asian equity markets had a mixed session overnight. The Hang Seng finished flat +0.01% up. The Nikkei 225 was down -0.59%.
• European equity markets are making gains today and are progressively getting higher. This is on the back of strong European economic data.
• Commodities are pushing higher this morning. Oil and Gold are both trading higher in today’s session while copper is up over +1%