The Market Perspective: Slowly the Market Turns

The Great Depression

Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

The Price of Everythning
Tim Price reflects on markets from 'across the Pond.'
Yahoo Finance
Still the go to site for market data and links to company profiles, websites, and financial statements.
Zero Hedge
Tyler Durden's site is harder edge than most, serious stuff.
Market Watch
The Wall Street Journal continuously updates with news and article links.
Business Insider
A sort of National Enquirer look at Business Around the World.
Mish's Global Economic Analysis
Mish Shedlock's economic analysis.

Thursday May 11, 2017

Again,the transports lead the market. What interested me today is that the MAs for the Transports are converging.

Once the TRAN fell thru the red 50 day MA in March, it has never really vaunted back over it in convincing fashion
I have four moving averages on the chart, yes the usual 50 and 200 but I add 50 + 200 = 250 / 2 = 125, and 125 + 50 = 175/2=87
Notice that the three shortest MAs are all coming together. This typically happens prior to a major trend change. With the high still firmly established March 1,this is significant.
PAR SAR issued another daily sell signal today along with the MA convergence.

Energy advanced, refiners still okay.

Posted at 04:18 PM in Commodities, Energy | Permalink

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