Saturday, June 2, 2012

World Bank Warning

Friday, June 1, 2012

Stocks Close Below 200-Day MA

There was no relief to be found anywhere today. ISM manufacturing data disappointed in addition to a disappointing jobs report. Europe fared no better:

Awful Jobs Report

Compare this chart to the one I posted earlier this morning. Awful!

Stocks Seek Support at Jan 30th Lows

It looks like we are poised to break through the lows of January 30th shown by the olive-colored line in the chart below. Next support level would be from December of last year. Stocks are not looking good!


Wednesday, May 30, 2012

Real Estate Pending Home Sales Collapse 5.5%

A 5 am head fake "rumor ramp" in Europe, was followed by this:

Pending home sales fell 5.5 percent in April, reversing a 3.8 percent gain logged in March, new data out of the National Association of Realtors shows.

The NAR also revised last month's gain 30 basis points lower, from an earlier estimate of a 4.1 percent increase.