One of the indicators we track is Down Pressure.  It’s currently flirting with its most extreme levels of the past decade. The indicator looks at the component stocks of the S&P 500 and computes how many points gained/lost were lost, and also how much of the volume flowing into up/down issues...

This is a very interesting video commentary about the 1929 Crash.  What you will find interesting is that the attitudes just prior to the crash are the same as they were in 2008 which can be summed up as “This Time Is Different.” This is episode 5 from the series Cosmopolis and inclu...

Earlier this week the Wall Street Journal posted the results of its May Survey of economists. Naturally I charted some of the data, focusing on GDP, but I held off on sharing it until we got the latest Federal Reserve GDP projections, published at 2 PM today. Here’s a link to the Journal’...

The bad news is that commodities, and related commodity stocks from energy to miners, continue to be hammered due to the retraction of the liquidity pump by the Fed.  The decline in liquidity, the resurging crisis in Europe and general concerns about the U.S. economy is leading to commodities being...

The following is a list of stocks that have triggered new intermediate term bearish trend signals (via our proprietary trend signal analytics model). Typically the duration of the trend following a signal is several months to a year or more. Of the stocks listed below, those that are accompanied by ...

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...

China bulls are in for a multi-year shock because rebalancing from an economy overly dependent on exports is going to be far more painful, and last much longer than most think. Data is coming in much weaker than expected, but I propose this is only the very beginning. The New York Times reports D...

With Facebook slated to start trading in a few days, I feel it is appropriate to brush off some of the BoomBustBlog research and opinion that can help subscribers wade through the sell side waters. To wit, CNBC reports Facebook Faces User Distrust, Advertising Apathy: Poll: More than half (57 perc...

Retail sales slowed sharply in April rising only 0.1 percent, following a 0.7 percent increase in March (originally up 0.8 percent).  No real surprise here but it is interesting to see retailers beginning to show signs of strain in recent earnings’ reports. The concern continues to be the pr...

When the first estimate of Q1 GDP was released we wrote: “Given the impact from higher oil and gas prices on the economy, which is a real and pervasive tax on the consumer as discussed recently, it is highly likely that we will see downward revisions to Q1 GDP in the next two months.”...

A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools. - Douglas Adams, The Hitchhiker’s Guide to the Galaxy For quite some time in this letter I have been making the case that for the eurozone to survive, th...

The US employment numbers this month were disappointing. But disappointing does not begin to describe the situation I read about today in Europe. I have just finished up with my conference in Carlsbad, California and am getting back to the room late. I have to get up in a few hours (4 AM is rather o...