Published in February 3rd, 2012
BarroMetrics Views: Non-Farm Payrolls & the S&P
SentimenTrader has an interesting tidbit for tonight. He says:
The looming Nonfarm Payroll report can be a big market mover, but when the S&P 500 closed at a six-month high with volume that was within 10% of its low from the past month (as it did on Thursday), then the […]
continue reading.....
Published in February 2nd, 2012
BarroMetrics Views: S&P Nearing A Top?
Is the S&P approaching an intermediate high?
Figure 1 shows why I see this as a possibility.
From Oct 10 2010 to Nov 11 2011, we see that the daily ATR was 30 points (with a standard deviation of 10); and the daily volume as 2,301,165 (with a standard deviation of 602,436). […]
continue reading.....
Published in January 31st, 2012
BarroeMetrics Views: US Presidential Elections
While the election does not of itself affect a trading position, the election of President who was also a Leader is something the world desperately needs. But that prospect seems now a remote possibility.
(And before my US readers deluge my e-mail box, let me say this: in the Asian crisis, US […]
continue reading.....
Published in January 28th, 2012
BarroMetrics Views: Capitalism and Its Critics
This is a short bonus post.
I want to pass on this excellent post by James E Miller that I read on Friday, Jan 27 in the Mises Daily: “Mr. Rubenstein, You’re No Adam Smith“.
James own blog is also always worth a read: http://millergd.blogspot.com/
Refer this blog post to a friend or […]
continue reading.....
Published in January 27th, 2012
BarroMetrics Views: QE 2.5
FOMC night saw QE 2.5. the Fed promised to hold rates at low levels to 2014, viewing inflation as a low probability event
Quite a few of my seminar attendees know that I see QE as threatening hyperinflation. But despite all the increased money supply, we aren’t seeing an inflation threat. Sure, we […]
continue reading.....
Published in January 26th, 2012
BarroMetrics Views: Greece, Europe and the FED
Since late 2010, a sentiment has developed in the US markets that the FED will shield the US Stock Market from any overwhelming collapse. Its solution to print as much money as needed until conditions return to normal. As the 197o’s showed, this is a mistaken belief. The piper […]
continue reading.....
Published in January 25th, 2012
BarroMetrics Views: Apple
Apple announced an EPS of US$13.87 (as compared expectations of US$10.15). The ES jumped from 1308 to 1315.
A just tribute to Steve Job. But…..
My view is it is probable that this will be the best result for time to come. Indeed, I expect Apple to see a decline as Job’s absence is felt.
Steve […]
continue reading.....
Published in January 24th, 2012
For me, the end of 2011 brought a personal crisis that has lasted until this morning. I had some news today which brings some sunshine. Let’s hope Dragon Year is good for you and me.
Turning to the markets.
Since the beginning of the year, the S&P has been grinding up in a fashion that suggests a […]
continue reading.....
Published in January 10th, 2012
BarroMetrics Views: Cooking the Books
The stats of some countries, e.g. China, we just can’t believe. To get a handle on their affairs, we rely on anecdotal evidence or on numbers the Central Government fails to hide. When I first started trading in the early 70’s, the one country’s stats I felt I could rely on […]
continue reading.....
Published in January 9th, 2012
BarroMetrics Views: Wish to See
One of the pitfalls traders face is “seeing what we wish to see”; and often, the market will accommodate us.
Take the S&P last week - the price action had enough signs to satisfy both bull and bear.
We started with the seasonal bullish start on Jan 3. The bulls were clearly in […]
continue reading.....
