Monday, August 27, 2012

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


On
Friday, August 24, the S&P 500 closed @ 1411, and that was...
  
    +5.3% ABOVE its 12-Month moving average which stood @ 1340.
    +5.3% ABOVE its 40-Week moving average which stood @ 1340.
    +2.4% ABOVE  its 10-Week moving average which stood @ 1378.


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


Friday, August 24, 2012

VIDEO: Hydraulic Fracturing (aka "Fracking") Explained...






From Marathon Oil --"Safe, cost-effective refinements in hydraulic fracturing (also known as fracking), horizontal drilling and other innovations now allow for the production of oil and natural gas from tight shale formations that previously were inaccessible. This animated video introduces you to the proven techniques used to extract resources from these shale formations in a safe, environmentally responsible manner."


Thursday, August 23, 2012

49% of Middle-Class Workers Will Be Poor or Near Poor in Retirement...


75% of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts.


The specter of downward mobility in retirement is a looming reality for both middle- and higher-income workers.



Nearly half of middle-class workers, 49%, will be poor or near poor in retirement, living on a food budget of about $5 a day.  



Our Ridiculous Approach to Retirement - NYTimes.com

Wednesday, August 22, 2012

Chart of The Day: Jobs Remain Well Below 2008 Levels...




Chart Courtesy of www.ChartOfTheDay.com

In July, the Labor Department reported that nonfarm payrolls (jobs) increased by 80,000 in June.


Today's chart provides some perspective in regards to the U.S. job market. Note how the number of jobs steadily increased from 1961 to 2001 (top chart).


During the last economic recovery (i.e. the end of 2001 to the end of 2007), job growth was unable to get back up to its long-term trend (first time since 1961).


More recently, the number of nonfarm payrolls has been working its way higher but at a pace that is not fast enough to close the gap on its 1961 to 2001 trend. It is interesting to note that the current number of US jobs recently surpassed its 2001 peak.


However, if this month's pace of 80,000 new jobs were to continue for each and every month going forward, the 2008 peak would not be reached until the third quarter of 2017.


Monday, August 20, 2012

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


On
Friday, August 17, the S&P 500 closed @ 1418, and that was...
  
    +5.8% ABOVE its 12-Month moving average which stood @ 1341.
    +6.2% ABOVE its 40-Week moving average which stood @ 1335.
    +3.4% ABOVE its 10-Week moving average which stood @ 1372.


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


Monday, August 13, 2012

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


On
Friday, August 10, the S&P 500 closed @ 1406, and that was...
  
    +5.0% ABOVE its 12-Month moving average which stood @ 1339.
    +5.6% ABOVE its 40-Week moving average which stood @ 1331.
    +3.2% ABOVE its its 10-Week moving average which stood @ 1362.


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


Monday, August 6, 2012

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


On
Friday, August 3, the S&P 500 closed @ 1391, and that was...
  
    +4.0% ABOVE its 12-Month moving average which stood @ 1337.
    +4.8% ABOVE its 40-Week moving average which stood @ 1327.
    +3.1% ABOVE its 10-Week moving average which stood @ 1349.


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