A number of years ago we were asked to compile a list of intermarket relationships that could be built into a ‘black box’ computer trading program. We declined. For a variety of reasons. The most important, however, was that intermarket work is more art than science because over time relationships tend to change. A fairly [...]

There was a strong reaction yesterday to the elevated debt crisis in Europe, with commodities and equities being indiscriminately sold. Gold fell 3 percent this week, losing its safe haven status as the dollar grew stronger and the 10-year government note headed lower. The markets generally overreact to negative news, however, investors should keep in [...]

WASHINGTON – U.S. companies in March posted the highest number of job openings in nearly four years, a sign that hiring could strengthen after slowing this spring… The increase in job openings suggests that weaker hiring gains in March and April could be temporary. We have argued for quite some time that the recovery would [...]

Greek Politicians are struggling to form a new government.   Concerns are increasing that Greece will drop out of the Euro. Last week we spoke about the upcoming election in France where we saw a changing of the regime over the weekend.  France’s new socialist leader Hollande is much more supportive of the European Central Bank [...]

We have thrown a bunch of variables into the pot with regard to how far and how long the current equity markets correction/consolidation will run. Over the next couple of pages we will attempt to run through them once again. One of the arguments is that the S&P 500 Index will remain under pressure until [...]