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Christopher Carolan on Financial Markets & Lunar Cycles

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Entries from October 2009

It’s Different This Time

October 30th, 2009 · 8 Comments

Yesterday’s herding buy behavior had all the earmarks of the masses  who’ve figured it out.  After all, the lows of September 2 and October 2 led to at least five consectutive up closes in each case. So yesterday’s buyers, having figured out the pattern, jumped on board.  But as we’ve noted before, when you get […]

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Tags: Euro · General Market Commentary · S&P 500

Where’s the Resistance?

October 29th, 2009 · 2 Comments

How the market reacts at key resistance levels during this bounce will tell us a lot about the overall technical health of stocks here.

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Tags: Euro · General Market Commentary · S&P 500

Stocks (and everything else) Are Hostage to the Dollar

October 28th, 2009 · 1 Comment

Today’s 5 minute chart comparing the eMinis with spot trading in the euro tells the tale.

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Tags: Crude Oil · Euro · General Market Commentary · Gold · S&P 500

Short-Term Levels

October 27th, 2009 · 7 Comments

Here are the short-term levels to watch for tomorrow’s eMini trading.

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Tags: General Market Commentary · S&P 500

It’s All About The Buck

October 27th, 2009 · No Comments

Look what happened this morning to stock index futures traders who bought in the face of a dollar rally.  They’re getting killed!  Our analysis that a dollar rally (euro decline) will send stocks sharply lower is being proven out. Here’s the updated 5 minute euro spot/eMini comparison chart. click chart to enlarge

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Tags: Euro · General Market Commentary · S&P 500

Case Shiller Housing Data

October 27th, 2009 · No Comments

The latest housing price data from Case Shiller is out. The data is through August 2009. Case Shiller uses a 3 month moving average, so the latest data points are an average of June/July/August.  I’m including a chart of the Case Shiller composite number denominated in gold in case anyone is tempted to take the […]

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Tags: Real Estate

Daily Round-Up

October 26th, 2009 · No Comments

The expected downturn in U.S. stocks, the euro, gold and crude oil is underway. We’ve been tracking the bearish indications on these markets as they’ve occurred.  Gold had three bearish indications in the past seven trading days prior to today’s decline. Oil had one on Friday.

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Tags: Bonds · Crude Oil · Euro · General Market Commentary · Gold · S&P 500

Watch the Buck

October 26th, 2009 · 2 Comments

The 5 minute chart comparing eMinis with spot Euro continues to be very informative.  Here’s the updated picture.

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Tags: Euro · General Market Commentary · S&P 500