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February 2012 | Elliott Wave Analytics

  • Stunning 4% Decline In Durable Goods Orders!
    By on February 29, 2012 | No Comments  Comments
    The February Advance Report on January Durable Goods was released this morning by the Census Bureau. Here is the summary on new orders: New orders for manufactured durable goods in January decreased $8.6 billion or 4.0 percent to $206.1 billion, the U.S. Census Bureau announced today. This decrease,...
  • Dow 13,000!: Where To From Here?
    By on February 29, 2012 | 224 Comments224 Comments  Comments
    Dow 13,000 achieved. Mission accomplished!  That purely psychological and meaningless level will be paraded across CNBC and similar channels as a sign that all is well. A whopping 98 net issues advanced today though in celebration of that “milestone.” Sarcasm aside (that was sarcasm by the way)...
  • Federal Reserve Tightening: Sins Of The Past
    By on February 29, 2012 | 268 Comments268 Comments  Comments
    Ben Bernanke has said many times that Marriner Eccles, the head of the Federal Reserve in 1936/37 made a mistake by tightening credit (raising reserve requirements). Bernanke blames Eccles’s actions for the 50% stock market collapse in 1937 and the second leg of the depression that followed.Berna...
  • Capital Flight: Italy, Greece and Portugal Accelerate...
    By on February 28, 2012 | No Comments  Comments
    Via Email, here is a nice summary of European events from Steen Jakobsen at Saxo Bank in Denmark. Topics include the G20 Summit, Extend-and-Pretend Dogma, Capital Flight , and Geopolitical Risks. Steen Writes … Two Trillion Fantasy This week-end’s G-20 came and went without any real new ...
  • New Update: The Best Stock Market Indicator Ever?
    By on February 28, 2012 | 1 Comment1 Comment  Comments
    The $OEXA200R (the percentage of S&P 100 stocks above their 200 DMA) is a technical indicator available on StockCharts.com that can be used to forecast conservative entry and exit points for the stock market. The OEXA is used to find the “sweet spot” time period in the market when yo...
  • Part I: Sleepwalking Toward The Precipice
    By on February 28, 2012 | 259 Comments259 Comments  Comments
    Foreword from dshort: Jason Leach, the Director of Research/Portfolio Management at Craven Brothers Wealth Advisors, sent me a PDF of his latest research — Sleepwalking Toward a Precipice: Our Observations and Outlook, Part I. Jason kindly granted me permission to share with the Advisor ...
  • Return Of The BRIC Markets!
    By on February 28, 2012 | No Comments  Comments
    Last year’s series of disturbing shocks to the global economy and to the willingness of global investors to take on risk were particularly unkind to the equity markets of the so-call BRICs, the four largest emerging-market economies: Brazil, Russia, India, and China. The combined equity markets of...
  • Is Housing An Attractive Investment?
    By on February 28, 2012 | 334 Comments334 Comments  Comments
    In a previous report, Headwinds for Housing, I examined structural reasons why the much-anticipated recovery in housing valuations and sales has failed to materialize. InSearching for the Bottom in Home Prices, I addressed the Washington and Federal Reserve policies that have attempted to boost the...
  • Crony Capitalism: Regulate To Destroy Competitors
    By on February 28, 2012 | 206 Comments206 Comments  Comments
    Crony capitalism uses its wealth to impose government regulations designed to hinder, cripple and destroy small business competitors. In the U.S. we now have the perfection of cloaked crony capitalism: corporate cartels use their vast concentrations of capital and revenue to buy the political lever...
  • About PIGS On Drugs?
    By on February 28, 2012 | 374 Comments374 Comments  Comments
    An interesting article in the Swiss press this morning regarding the big Swiss drug companies, Roche and Novartis. Apparently the PIGS are not paying their drug bills. The numbers are big. The bills have been unpaid for years. Some excerpts from the article: Hospitals in Portugal, Italy, Greece a...
  • ECRI Defends Recession Call?
    By on February 27, 2012 | 1 Comment1 Comment  Comments
    The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) came in at -3.5 in today’s public release of the data through February 17th. This is the sixth consecutive week of improvement (less negative) data for the Growth Index and the highest level (i.e., ...
  • S&P500 Update: Where’s The Volume?
    By on February 27, 2012 | 456 Comments456 Comments  Comments
    The S&P 500 closed the week at a new interim high, up 8.60% in the first 37 days of trading versus 2.69% over the same timeframe in 2011. But what about volume? I’ve posted comparisons with 2011 after the first 12, 24 and 34 days of trading. Here is an updated comparison after the fir...
  • Why Greece Bailout Games Are Just That!
    By on February 27, 2012 | 279 Comments279 Comments  Comments
    Yesterday I shared my opinion of Grecian bailout games with Capital Account’s Lauren Lyster. It was direct, honest, hard hitting and borderline offensive – hopefully par for the course of what is expected from me. Just in case you didn’t get the hints thrown in the video, Greece i...
  • Countdown to Market Peak Has Begun.
    By on February 26, 2012 | 287 Comments287 Comments  Comments
    With zero-bound interest rates in the U.S. and depressed short-term rates in other developed nations, monetary tools historically used by central banks have lost their usefulness as well as their tendency to lead major economic and market turning points. Despite the constraints against using short-t...
  • Some Indicators Are More Leading Than Others
    By on February 26, 2012 | 488 Comments488 Comments  Comments
    In A Perfect Storm for Lead Economic Indicators? recently published in Seeking Alpha, Bruce Pile proposes a very insightful analysis of two sets of leading indicators and concludes that traditional indicators may no longer be effective. The main culprits? Monetary indicators which usually were goo...
  • The Housing Recovery In One Index.
    By on February 26, 2012 | 380 Comments380 Comments  Comments
    There have been numerous media stories out over the last couple of weeks about the recovery in housing at long last.   Of course, this is the same housing bottom call that we heard in 2009, 2010 and 2011 – so why not drag it out again for 2012.  Eventually, the call will be right and they w...

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