31
Jul
stored in: Macroeconomics and tagged:

Tweet clipped from www.financialsense.com Since the March 9 market lows, we have seen broad-based pessimism give way to a synchronous relief rally in risk assets around the world. We would like to believe that March 9 was “the” low of this bear market, but having studied more than 100 years of market cycles, we must […]

Tweet With the intense economic environment of massive job losses and an uncertain stock market, it’s not surprising to learn that people have hunkered down and increased their savings to help weather the storm. In fact, some experts suggest that the savings rate in the United States is at its highest point than it has […]

31
Jul

Tweet Today’s rally topped out at the 61.8% Fibonacci retracement level, to the exact point! It will be interesting to see if that is the top of the most recent rally. [ad#co-1]

Tweet 54% of today’s volume was to the downside. I find that surprisingly telling that we are closer to a top than a new leg up. I also found it extremely difficult to make any money trading momentum. I think the only people who really made money today were those who carried positions over from […]