Tuesday Sept 4 2012
TLT experienced significant outlfows last week.
Jim Rogers suggests QE 3 has begun. GM August Sales
GM August Sales up 10%, beats estimate of 6%, record month for Chevy small cars, my GM recvommendation was not well received by readers....
NASD Summation Index
Both the NYSE and the NASD summation indexes, the latter shown above, are hovering abover their moving averages. THe NASD Index actually finsihed up for the day.
Central Fund CEF
The weekly chart of CEF has finished its 1.5 year correction and is on the move again. Note the bounce off the 125 day MA.
There is not much else to say at this point, Tuesday was Monday this week with the markets down in the morning and coming back in the afternoon. This has been the pattern for the last six weeks.
Patience.
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