Monday, February 23, 2015

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



On
Friday, February 20, the S&P 500 closed @ 2110, and that was...
  
   +6.8% ABOVE its 12-Month moving average which stood @ 1976.
   +5.6% ABOVE its 40-Week moving average which stood @ 1999.
   +2.5% ABOVE its 10-Week moving average which stood @ 2059.


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




Friday, February 20, 2015

90% of The Industrialized World is Anchored by 0% Interest Rates!


cotd industrialized world post


Central banks around the world dropped rates to ultra low levels during the financial crisis in their efforts to stimulate growth.

For Gluskin Sheff's David Rosenberg, this persistent low rate policy sends an ambiguous message.

When Business Insider asked Rosenberg for his "most important chart in the world," he sent us this jarring image.
"I don't know whether to feel good or uneasy about the fact that 90% of the industrialized world economy is now anchored by near-zero or negative short-term rates," Rosenberg said. "At one level, this should be supportive of risk assets; at another level, it is a symbol of how fixed-income investors and central banks see the world ― deflation at a time of ultra-low rates is certainly not a confidence builder."

Read more: 

Gluskin Sheff

Wednesday, February 18, 2015

Bull Market Reaches the 71-Month Threshold, Closing in on 6-Year Anniversary...


The S&P 500 has been in a bull market since bottoming on 03/09/09, more than 71 months ago.

The index has gained +252% (total return) from the 03/09/09 low point (through Friday 02/13/15) but gained +55% in just the first 6 months of the bull market, from 03/09/09 to 09/09/09.


Monday, February 16, 2015

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



On
Friday, February 13, the S&P 500 closed @ 2097, and that was...
  
   +6.2% ABOVE its 12-Month moving average which stood @ 1974.
   +5.2% ABOVE its 40-Week moving average which stood @ 1993.
   +2.4% ABOVE its 10-Week moving average which stood @ 2048.


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




Monday, February 9, 2015

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



On
Friday, February 6, the S&P 500 closed @ 2055, and that was...
  
   +4.5% ABOVE its 12-Month moving average which stood @ 1967.
   +3.4% ABOVE its 40-Week moving average which stood @ 1987.
   +0.5% ABOVE its 10-Week moving average which stood @ 2046.


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




Monday, February 2, 2015

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



On
Friday, January 30, the S&P 500 closed @ 1995, and that was...
  
   +2.3% ABOVE its 12-Month moving average which stood @ 1951.
   +0.6% ABOVE its 40-Week moving average which stood @ 1983.
   -2.5% BELOW its 10-Week moving average which stood @ 2047.


Therefore, the INTERMEDIATE-Term trend is Moderately Bearish
and the LONG-Term trend is UP.




Monday, January 26, 2015

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



On
Friday, January 23, the S&P 500 closed @ 2052, and that was...
  
   +4.7% ABOVE its 12-Month moving average which stood @ 1960.
   +3.6% ABOVE its 40-Week moving average which stood @ 1980.
   -0.1% BELOW its 10-Week moving average which stood @ 2054.


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




Monday, January 19, 2015

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



On
Friday, January 16, the S&P 500 closed @ 2045, and that was...
  
   +3.3% ABOVE its 12-Month moving average which stood @ 1955.
   +3.2% ABOVE its 40-Week moving average which stood @ 1975.
   -1.6% BELOW its 10-Week moving average which stood @ 2053.


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




Monday, January 12, 2015

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



On
Friday, January 9, the S&P 500 closed @ 2045, and that was...
  
   +4.5% ABOVE its 12-Month moving average which stood @ 1956.
   +3.5% ABOVE its 40-Week moving average which stood @ 1975.
   -0.9% BELOW its 10-Week moving average which stood @ 2054.


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




Wednesday, January 7, 2015

The S&P 500 Extends Its -10% Correction Streak...


As of today, the S&P 500 has gone 1,192 calendar days (i.e., from 10/03/11 through and including 01/07/15) without a -10% or greater drop in the index, the 4th longest stretch without a double-digit pullback in the last 50 years.

Monday, January 5, 2015

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



On
Friday, January 2, the S&P 500 closed @ 2058, and that was...
  
   +5.0% ABOVE its 12-Month moving average which stood @ 1961.
   +4.7% ABOVE its 40-Week moving average which stood @ 1966.
   +0.3% ABOVE its 10-Week moving average which stood @ 2052.


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



Monday, December 29, 2014

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



On
Friday, December 26, the S&P 500 closed @ 2089, and that was...
  
   +7.2% ABOVE its 12-Month moving average which stood @ 1948.
   +6.5% ABOVE its 40-Week moving average which stood @ 1961.
   +2.3% ABOVE its 10-Week moving average which stood @ 2042.


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



Wednesday, December 24, 2014

The Financial Stress Index Indicates That Another Stock Market Bubble May Be Brewing...

fearindex

An indicator called the Financial Stress Index shows that investors are becoming downright euphoric and complacent just like they did during last decade’s bubble.

Monday, December 22, 2014

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



On
Friday, December 19, the S&P 500 closed @ 2071, and that was...
  
   +6.5% ABOVE its 12-Month moving average which stood @ 1945.
   +5.6% ABOVE its 40-Week moving average which stood @ 1960.
   +1.5% ABOVE its 10-Week moving average which stood @ 2040.


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