BarroMetrics Views: A Whiff of QE4
Just a whiff of QE$ was enough to cause the S&P, on Friday, to close higher with a relatively strong looking candlestick (Figure 1). But, the Market Delta Footprint charts showed that beneath the surface all was not as rosy. Unfortunately I am unable to show you the Market Delta […]
BarroMetrics Views: A Whiff of QE4
BarroMetrics Views: S&P 2014-10-13 III
A quickie because I am en route to Beijing. No blog tomorrow, blog resumes Monday.
There was a suggestion last night that Yellen would launch QE4 (Economic News 2014-10-16) despite Fisher’s denial (Fox News 2014-10-16). [Remember that Fisher is one of the two hawks on the FED, the other is Plosser. Both retire […]
BarroMetrics Views: S&P 2014-10-13 II
Last night, in no uncertain terms, the S&P negated the bullish scenario I had postulated in yesterday’s blog. This leaves only the bearish scenario. Figure 1 shows the price action.
It is now possible there will be a bounce to the 1939 to 1951 VAH before heading South; but then again, the S&P could just […]
BarroMetrics Views: S&P 2014-10-13
I am postponing the conclusion to Default Future until tomorrow because a very interesting event occurred last week….
Figure 1 shows a weekly chart of the S&P with the levels marked from the 1815 lows to the 1987 highs. We see that the S&P has closed below the top of value. Normally I […]
BarroMetrics Views: S&P 2014-09-24
Figure 1 shows the S&PP threatening to trigger an 18-day Upthrust change in trend from up to down - if we see a bearish conviction close 1988. This close would suggest a move to at least the Primary Buy zone at 1920 to 1909; and normally we’d expect to see the start of […]
BarroMetrics Views: FOMC Wednesday Sept 17
It’s likely that Wednesday’s FOMC (2:00 am EST) and press conference (2:30 EST) will move the stock, precious metals and FX markets.
The key focus will be on whether the words ‘for some considerable time’ (rates to remain to low for some considerable time) will be omitted, altered or left untouched.
Leaving the […]
BarroMetrics Views: A Tale of Two QEs II
The price action in the S&P’s for Sept 10 and 11 provides examples of what I meant in yesterday’s piece. For each day we see a lower open followed by a push up. This I believe will continue until a Black Swan event occurs shattering the belief that the […]
BarroMetrics Views: A Tale of Two QEs
The USD and stock indices have two very different tales about the end of QE.
Figure 1 shows (weekly chart) the majors with the AUD and CAD. Except for the CAD, we see the USD in full flight north. For USD traders, it appears that it is not a question […]
BarroMetrics Views: S&P 2014-09-08
First off, thanks for the emails. Nice of you to ask. (Some readers had written to ask if all was OK in my world; they had noticed that my blogs had been shorter than normal). All is well - just working on something that is taking much of my time.
Turning to the […]
BarroMetrics Views: GDP Calculations
Today the FT trumpeted that the ‘OK economy (gained) statistical boost’.
On closer reading we find that the ‘improvement’ was the result of ‘improved’ revisions. As a result of the revisions, GDP grew an extra 1% per annum from 2010 to 2012; and as a result of the improvements, the recession of 2008 and […]
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- BarroMetrics Views: S&P 2014-10-13 III
- Default Future and Success III
- S&P 2014-10-13 II
- S&P 2014-10-13
- ORSS Final Day
- Default Future and Success II
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