Using Fear To Advantage
by Harlan Pyan, All About Trends
Editor's note: This article was written midday Tuesday, 01 October 2013)
Just look at our watch list and current holdings. It's all about using sound chartist principles and trading what you see not think hear or fear all in the face of? Uncertainty and fear of course.
Market Commentary: Markets End Day In The -0.90% Plus Range
Closing Market Commentary For 10-03-2013
Markets eased up from the lows on a rumor that SOTH Boehner had reached a deal on the debt ceiling, but in the end the averages started to sink again.
By 4 pm markets had eased down to -090+% and will probably will continue the melting down tomorrow morning. Expect more volatility as each day of no resolve in the shutdown progresses.
Market Commentary: Markets End Day In The -0.90% Plus Range
Closing Market Commentary For 10-03-2013
Markets eased up from the lows on a rumor that SOTH Boehner had reached a deal on the debt ceiling, but in the end the averages started to sink again.
By 4 pm markets had eased down to -090+% and will probably will continue the melting down tomorrow morning. Expect more volatility as each day of no resolve in the shutdown progresses.
What We Read Today 03 October 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list reports on slowing investment in China ........ and the last article is about hundreds of billions of "gray income" (undeclared personal income) in China.
Rail Week Ending 28 September 2013: September Total Shipments Are Up
Econintersect: Week 39 of 2013 ending 28 September shows same week total rail traffic (from same week one year ago) improved according to data released by the Association of American Railroads (AAR). Railcar count is up, and intermodal count is up. Weekly overall data is up, and up even more ignoring coal and grain.
Market Commentary: Averages Plummet -1.60% As US Financial Worries Escalate
Midday Market Commentary For 10-03-2013
After a brief sideways movement the averages started to slide down once more past the -1.00% mark. Investors are concerned that this additional slippage is forecasting things to come.
By noon the concept of bouncing off the morning lows had been tossed out the window as no signs of session bottoming was apparent.
Three Reasons Obamacare Is Not Apple
But here are three reasons why Obamacare aint no iPhone. Using Apple products is strictly voluntary. Apple Can Go Out of Business. You can always get online at Apple.com.
Market Commentary: Markets Melt Down As Shutdown Continues
Opening Market Commentary For 10-03-2013
Premarkets were down ~-0.10% and climbed up to where they opened at about where we closed yesterday. From there the averages started to melt downward, partially because of an increase of continuing claims, on moderate volume.
By 10 am the markets melted down ~ -0.60% and started the usual sea-saw which will most likely start to melt back up as it has done in the previous sessions. Predictable, but not certain as volatility and volume remain elevated.
September 2013 ISM Services Index Softens
Written by Steven Hansen
The September 2013 ISM non-manufacturing (aka services) index continues its growth cycle - albeit less good - declining from 58.6 to 54.4 (above 50 signals expansion) - and the internals were also soft.
Read more >>
28 September 2013 Unemployment Claims 4 Week Average Again Improved
Blue Line 4 Week Average
The weekly claims were the lowest since September 2007. The market was expecting 315,000 vs the 308,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average
improved, moving from 308,000(reported last week) to 305,000.
Read more >>
A Word from This Newsletter's Sponsor
The Next Industry to Crumble...
Imagine owning Amazon.com (up over an insane 4,000% since 2001) when
Internet sales rendered big-box retailers obsolete. Now an industry 99% of
us use daily is set to implode... And 3 established companies are perfectly
positioned to take advantage of this game-changing economic shift.
Government Shutdown Continues - No Unemployment or Factory Orders Today
Econintersect: Oh well, the unnecessary government shutdown continues. Today, the people were robbed of the unemployment data from the Department of Labor and US Census factory orders. [Editor's Note: the unemployment data was eventually posted today despite the note the the site was not going to be updated].
September 2013 Challenger Job Cuts Surge Continues
2013 Layoffs-to-date are now essentially equal to the 2012 year's layoffs to date.
Too Big To Jail
Investing Daily Article of the Week
by Brian O'Connell
When Congress passed the Dodd-Frank Financial Reform Act in 2010 and President Obama signed it into law, consumer advocates had a field day crowing that the financial reform bill would finally rein in big banks.
Fat chance.
Austerity: All About Distribution?
Irving Fisher on the Great Depression
by Dirk Ehnts, Econoblog101
I am still re-reading Irving Fisher's 100% money book, and while I disagree with his description of fractional reserve banking, his view on quantity theory and on the role of money in determining the price level and exchange rates, there are sometimes paragraphs where I find myself in rough agreement with his ideas.
QE: Banks Skim the System, Stealing from Grandma
Enabled By ZIRP and QE, Banksters Continue Looting Instead of Building Capital
by Lee Adler, Wall Street Examiner
One of the purposes of ZIRP (zero interest rate policy) was ostensibly so that banks could rebuild their balance sheets through suppressed funding costs allowing them to earn a wider spread and increased profits. Theoretically that would add to their capital.
FBI Busts Silk Road, Siezes $3 Million in Bitcoins
Econintersect: The internet drug dealer Silk Road was busted 27 September 2013 when the FBI filed a 39 page complaint with the U.S. Federal Court for the Southern District of New York in Manhattan. The complaint charges that a young engineer, Ross William Ulbricht, not only was trafficking in illegal narcotics but also was selling internet hacking services, anonymous bank accounts, counterfeit currency, stolen info and hitmen.
Tesla: Valuation Magic
Tesla: Where Retail Investors Rushing in and Nest Eggs Cracking
by EconMatters, EconMatters.com
Every year there seems to be a few momentum stocks defying logic, reality while bleeding all shorts getting in the way. This year, Tesla Motor (Nasdaq: TSLA) is one such stock which hit $188.64 on Friday, Sept. 26.
Is Obamacare a Huge Failure?
Econintersect: A number of sources are telling us that Obamacare is a big failure. They report that the system suffered a "near-total crash" on Launch Day. Sources also say that system failure occurred at reported traffic loads that are smaller than those for a "decent commercial website".
Infographic of the Day: Milk Matters
Not surprisingly, a list of top domestic milk consumption equals exactly the list of producing countries. One other thing dot-dot-dot the European Union, taken as a group, would actually be #1, producing and consuming 140.4 million metric tons of milk.
iOS Remains the Favored Platform for Enterprise Apps
by Felix Richter, Statista.com
Despite Android's dominant position in the global smartphone market, businesses around the world still consider iOS the most important platform to be present on.
