29 August 2011

US Economic Reports This Week



Friday is the Non-Farm Payrolls Report.


A Few Indicative Charts - Slouching Into November


"It's not a monster movie. It's a supernatural thriller."

Ed Wood

Stocks need to climb out of a hole, and in order to do this they need to get the allocations from Treasuries. Watch Treasuries and VIX to see how 'real' these light volume rallies in stocks are.

Gold and Silver are rolling with the volatility.

Keep an eye on all the 50 and 200 DMAs and see which one is on top, and where they are going.










Gold Daily and Silver Weekly Charts



Light volumes and weak action throughout the US markets, an atmosphere in which the prices get pushed around.

This was 'back to school' weekend so I didn't watch the market action closely.

I did come out of flat to buy a little bullion on weakness but nothing substantial.




SP 500 and NDX Futures Daily Charts



"Politicians are the only people in the world who create problems and then campaign against them."

Charley Reese