Monday, April 30, 2012

Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis


On
Friday, April 27, the S&P 500 closed @ 1403, and that was...
  
    +7.1% ABOVE its 12-Month moving average which stood @ 1310.
  +10.2% ABOVE its 40-Week moving average which stood @ 1273.
    +1.2% ABOVE its 10-Week moving average which stood @ 1387.


Therefore, the INTERMEDIATE-Term trend IS NEUTRAL 
and the LONG-Term trend is BULLISH.


Monday, April 23, 2012

Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis


On
Friday, April 20, the S&P 500 closed @ 1379, and that was...
  
    +5.6% ABOVE its 12-Month moving average which stood @ 1306.
    +8.4% ABOVE its 40-Week moving average which stood @ 1272.
    -0.3% BELOW its 10-Week moving average which stood @ 1382.


Therefore, the INTERMEDIATE-Term trend IS NEUTRAL 
and the LONG-Term trend is BULLISH.


Tuesday, April 17, 2012

Monday, April 16, 2012

Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis


On
Friday, April 13, the S&P 500 closed @ 1370, and that was...
  
    +5.1% ABOVE its 12-Month moving average which stood @ 1304.
    +7.9% ABOVE its 40-Week moving average which stood @ 1270.
    -0.6% BELOW its 10-Week moving average which stood @ 1379.


Therefore, the INTERMEDIATE-Term trend IS NEUTRAL 
and the LONG-Term trend is BULLISH.


Monday, April 9, 2012

Vantage Point UPDATE: Intermediate-Term and Long-Term Trend Analysis


On
Friday, April 6, the S&P 500 closed @ 1398, and that was...
  
    +6.8% ABOVE its 12-Month moving average which stood @ 1309.
  +10.1% ABOVE its 40-Week moving average which stood @ 1270.
    +1.6% ABOVE its 10-Week moving average which stood @ 1376.


Therefore, the INTERMEDIATE-Term trend IS BULLISH 
and the LONG-Term trend is BULLISH.


Tuesday, April 3, 2012

Home Sales Cancellations Overwhelming The Housing Recovery...



This chart from Nomura shows the percentage of real estate pros who are experiencing sales cancellations. As 2011 went on, the number of people having an issue with cancellations due to mortgage obtainment started rising!

From Nomura:
"In his testimony before Congress, Fed Chairman Ben Bernanke continued to show his concern that clogged housing finance remains a sizable drag on the economy. Indeed, despite lower mortgage rates, the share of real estate practitioners who experienced cancellation due to inability to obtain mortgage loans in January rose to 8.0% from the recent low of 1.0%. In Figure 1, the category “cancellation due to other problems” comprises many issues, probably also including cancellation because of mortgage problems. Many potential home buyers can’t take advantage of favorable borrowing conditions due to difficulty in getting mortgage loans."