Chart of the Day – EEM vs. SPY

Screen Shot 2012-08-31 at 12.49.07 PM

Today's chart should be taken with a grain of salt.  I don't mean to present it here as evidence that we should be braced for an imminent fall.  But similar to yesterday's chart, it is just one more … [Read more...]

MorningWord 8/31/12: The Air Out There


MorningWord 8/31/12:   Jackson Hole will always hold a little place in my heart, it was the site of one of the first very truly speculative trades I ever made in a market and in a product I knew … [Read more...]

What’s the Story


Calculated Risk • At 9:45 AM ET, the Chicago Purchasing Managers Index for August will be released. The consensus is for a decrease to 53.0, down from 53.7 in July. • At 9:55 AM ET, the final … [Read more...]

MorningWord 8/30/12: KO Is Not It


MorningWord 8/30/12: On more than a few occasions in the last 6 weeks we have highlighted the weak internals of the SPX's 12% rally since early June, often suggesting that few stocks have powered much … [Read more...]

What’s the Story?


Marketwatch Applications for U.S. jobless benefits were flat last week at a seasonally adjusted 374,000, the Labor Department said Thursday. Economists surveyed by MarketWatch had projected claims … [Read more...]