Technical Analysis

Housing Inventory Tracking

It appears existing home inventory has bottomed in some areas, and might be close to bottoming nationally. For example, in May, inventory was up 8.3% year-over-year (YoY) in California.   However inventory nationally was still down 6.1% YoY in May.But this isn't like in late 2005, when...

Google Chrome Approaching World Domination?

The above is publicly available on Stat-Counter which tracks my traffic.


If you wish to take a look, click on the "View My Stats" button (not the number) at the bottom of this page.


Since inception I have had over 102 million hits (the number shown).


I switched over to Stat-Counter from SiteMeter long ago, for numerous problems that I still see people complaining about. Stat-Counter keeps track of all...

Fed: Industrial Production increased 0.6% in May

Industrial production rose 0.6 percent in May after having declined 0.3 percent in April. The decrease in April was previously reported to have been 0.6 percent. Manufacturing output increased 0.6 percent in May after having moved down 0.1 percent in the previous month. In May, the output of mines gained 1.3 percent and the production of utilities decreased 0.8 percent. At 103.7 percent of its 2007 average, total industrial production in May was...

Trade Ideas For Friday

Here’s a look at the runner screen at the close on Thursday. I will be watching for continuation in a few of the names below, unless of course the market rolls over here. In the event we do indeed roll over, I think the correct play will be to press shorts into the weekend. A simple $QID...

Fed Fund Rate Suggests S&P 500 Rally

Here’s yet another indicator that the Federal Reserve legally ‘manipulates’ the stock market. This chart shows the correlation between the S&P 500 and the 30-day Fed Fund Rate. Based on this unique correlation, stocks should rally (at least temporarily).


Market correlations are never married for better or for worse or until death do they part, but they are valuable tools for market forecasters.


There are dozens of correlations. Some are logical and make sense, others are exotic and off the wall...

Market Update: Happy New Year!

By request - following the huge market rally in 2013 - here are a couple of stock market graphs. The first graph shows the S&P 500 since 1990 (this excludes dividends).The dashed line is the closing price today. The market was up 29.6% in 2013 plus dividends...