MrHanky Posted May 22, 2009 Report Share Posted May 22, 2009 I don't know if anyone noticed but.... Treasuries may be collapsing,but muni's and junk bonds went screaming higher again this week.Most of the muni's I still hold are up almost 5% just this week.Looks to me they are bailing treasuries and trying to lock in a better yield by piling into other fixed income. Link to comment Share on other sites More sharing options...
DrStool Posted May 22, 2009 Author Report Share Posted May 22, 2009 I don't know if anyone noticed but.... Treasuries may be collapsing,but muni's and junk bonds went screaming higher again this week.Most of the muni's I still hold are up almost 5% just this week.Looks to me they are bailing treasuries and trying to lock in a better yield by piling into other fixed income. That was a bubble. Now we get the collapse. As shorty would say, GIT OUT! :lol: Link to comment Share on other sites More sharing options...
cwd Posted May 22, 2009 Report Share Posted May 22, 2009 The latest from old Richard Russell on Lowry's. He doesn't see it as bullish. RR Lowry's, as far as I know, is the only service that actually quantifies that market in terms of points. For instance, and this is very important, at the March 9 low Lowry's Buying Power Index was at 120, and their Selling Pressure Index was at 884. As of yesterday, Lowry's Buying Power stood at 157, while their Selling Pressure Index was 875. This means that as of yesterday the Buying Power Index had gained 37 points from its March 9 low. But as of yesterday Lowry's Selling Pressure Index has dropped only 9 points. In other words, since March 9 the Selling Pressure Index has dropped very little, which is a large negative for the market. At previous major market bottoms, the Selling Pressure Index tends to head lower both before and after the bottom. An impressive performance after the March 9 bottom would have seen the Selling Pressure Index drop as much as Buying Power had advanced, certainly which was not the case in the period around the March 9 lows. Link to comment Share on other sites More sharing options...
phatbubble Posted May 22, 2009 Report Share Posted May 22, 2009 Have been messing around with QuoteTracker. Dirt cheap, easy to set up, includes tick charts, and works with many feeds. No idea yet if it would cut the mustard for the more advanced custom stuff some folks need, but I'm pretty happy so far. Edit: haven't teased out the right slow sto settings. That thing looks almost directionless, like a snail trail you'd find on the patio. P.S.S. the real problem in that screenshot is the apparent failure at the daily tunnel... Link to comment Share on other sites More sharing options...
idrisb59 Posted May 23, 2009 Report Share Posted May 23, 2009 Have been messing around with QuoteTracker. Dirt cheap, easy to set up, includes tick charts, and works with many feeds. No idea yet if it would cut the mustard for the more advanced custom stuff some folks need, but I'm pretty happy so far. Edit: haven't teased out the right slow sto settings. That thing looks almost directionless, like a snail trail you'd find on the patio. P.S.S. the real problem in that screenshot is the apparent failure at the daily tunnel... WD G has spoken through you good show !! Link to comment Share on other sites More sharing options...
BusKow Posted May 23, 2009 Report Share Posted May 23, 2009 BKX, daily close below trend...stopped up against an interesting line on the weekly Link to comment Share on other sites More sharing options...
BusKow Posted May 23, 2009 Report Share Posted May 23, 2009 hysterical periods Link to comment Share on other sites More sharing options...
BusKow Posted May 23, 2009 Report Share Posted May 23, 2009 hmmm... Link to comment Share on other sites More sharing options...
BusKow Posted May 23, 2009 Report Share Posted May 23, 2009 complacency channel Link to comment Share on other sites More sharing options...
BusKow Posted May 23, 2009 Report Share Posted May 23, 2009 damn...these tend to be topping tails...butt maybe short term (backtest?) Link to comment Share on other sites More sharing options...
shorty Posted May 23, 2009 Report Share Posted May 23, 2009 San Fannycrisco Home Prices Fell Another 41% in April as Unemployed Residents Fled the Bankrupt State and Trapped Delinquent Failed Housing Gamblers Frantically Stripped Fixtures, Wiring, Appliances, Crowne Moulding and Lovely Festive Custom Window Treatments Before Getting Their Thumbs Broken and Knee Caps Shot Off and Being Evicted by the Repo Man The median price dropped to $304,000. That’s 54 percent below the mortgage fraud peak reached two years ago. Prices declined in all counties: Solano: down 44 percent to a median $180,000 Contra Costa: down 43 percent to $225,000 Alameda: down 39 percent to $289,197 Napa: down 37 percent to $315,000 Santa Clara: down 34 percent to $405,000 Sonoma: down 30 percent to $290,000 Link to comment Share on other sites More sharing options...
BusKow Posted May 23, 2009 Report Share Posted May 23, 2009 30 year rates Link to comment Share on other sites More sharing options...
BusKow Posted May 23, 2009 Report Share Posted May 23, 2009 signals come back from yest., butt remain net negative...price action yawns Link to comment Share on other sites More sharing options...
BusKow Posted May 23, 2009 Report Share Posted May 23, 2009 Nas price and AD line falls below 30pma...Dow not yet Link to comment Share on other sites More sharing options...
shorty Posted May 23, 2009 Report Share Posted May 23, 2009 Californica Confronts Growing Cash Crisis After Ballot Defeat With the governor expecting Californica to have $21 Billion less than it needs over the next 13 months, he has proposed cutting deeper into spending on everything from schools to jails as the state prepares to borrow record sums from investors. The defeated package would have extended a $16 Billion tax increase for two years. “Now we have to recognize that and move forward and make all of the changes through cuts,” Schwarzenegger told reporters in Washington today. “We will always represent the people. We will make those cuts and balance the budget through those cuts.” On May 14, Schwarzenegger introduced his own proposals for eliminating the budget gap, including the deeper cuts that will result from last night’s vote. Among the plans are ones to deport illegal immigrants, increase income tax withholdings, cut more from schools and borrow some $2 billion of property tax revenue from local governments in the state. Link to comment Share on other sites More sharing options...
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