The indices (DJIA 13000, S&P 1399) had a hiccup yesterday, closing down more than just fractionally. Nevertheless, they remain well within their primary trends (1) short term trading ranges [12022-13302, 1266-1422] and (2) intermediate term uptrends [12276-17176, 1292-1872].The real question, of course, is, will there be follow through to the downside that would extend to the lower boundaries of one or the other of aforementioned primary trends? Lacking omniscience, I have no idea; but were it to occur, our Portfolios would be Buyers.
Volume was flattish; breadth declined with the on balance volume indicator just getting worse. The VIX spiked for the fourth day in a row and is up seven out of the last eight sessions. It closed above the upper boundary of the very short term downtrend. Our time and distance discipline is operative now; but this move is not a positive signal for stocks.
http://www.bespokeinvest.com/thinkbig/2012/8/30/breadth-remains-weak.html
Friday, August 31, 2012
The Morning Call--Bernanke's big day
Thursday, August 30, 2012
The Morning Call--the odds of an EU crisis have not diminished
The Market
TechnicalThe indices (DJIA 13107, S&P 1410) continued to drift yesterday, finishing the day slightly to the upside. The remain within (1) their short term trading ranges [12022-13302, 1266-1422] though they are in a position to challenge the upper boundaries and (2) their intermediate term uptrends [12266-17266, 1291-1871].
Volume was up modestly; breadth improved. The VIX rose again but is still below the upper boundary of its short term downtrend. However, its recent spike is a bit incongruous with stock prices meandering in a tight range---suggesting that investors are anticipating more volatility in the near future. It remains above the recently re-set lower boundary of its intermediate term trading range.
Don’t worry about the low volume (short):
http://www.marketwatch.com/story/low-volume-forgetaboutit-2012-08-29?link=home_carouselGLD declined, falling below the upper boundary of its short term downtrend. Under our time and distance discipline, this close negates the recent break, leaving the downtrend in tact.
The technical picture on gold looks good (medium):
http://www.zerohedge.com/news/euro-gold-technicals-look-near-perfectBottom line: stocks seem to be in suspended animation right now awaiting news from Jackson Hole on Friday and from Europe in September. I am a bit surprised that investors are willing to hold equities when the most positive outcome is fully priced in. Clearly I could be wrong on that judgment; but I can’t come up with a plausible scenario that is more positive that which is currently expected. So I am holding to the position that stocks are near their near term highs and focusing on the Sell side in our Portfolios.
Wednesday, August 29, 2012
Bill Gross on Bernanke | All American Investor
The Federal Reserve has done a "masterful" job of keeping global markets relatively quiet, which for investors means stocks and bonds are unlikely to change much in the coming months, Bill Gross, Pimco’s co-chief investment officer, told CNBC Wednesday.
“What the Fed (learn more) has done, rather masterfully, in terms of asset markets, is to suppress volatility".If you don't see the video go here -- Bill Gross on Bernanke
Saturday, August 25, 2012
Alzheimer's Reading Room
The Alzheimer's Reading Room is the number one source of life news and information for the entire Alzheimers and Dementia community.
Monday, August 6, 2012
Brain Fitness Program Improves Memory in Older Adults
Alzheimer's Reading Room
UCLA researchers found that older adults who regularly used a brain fitness program played on a computer demonstrated significantly improved memory and language skills.The team studied 59 participants with an average age of 84, recruited from local retirement communities in Southern California.
The volunteers were split into two groups:
Researchers found that the first group demonstrated significantly higher improvement in memory and language skills, compared to the second group.
- the first group used a brain fitness program for an average of 73.5 (20 minute) sessions across a six-month period
- a second group played it less than 45 times during the same period.
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