If you would like an email sent to you when I update the blog please send an email with "subscribe" in the subject line to traderbob58@gmail.com. To be removed use "unsubscribe".

Search This Blog or Web

Trend table status

Trend

SP-500

R2000

COMPX

Primary

Up 7/31/20

?- 3/31/20

Up 5/29/20

Intermediate

?+ 9/25/20

Up 8/21/20

?+ 9/18/20

Sub-Intermediate

?- 9/15/20

Dn 9/11/20

Dn 9/21/20

Short term

? 9/4/20

? 8/18/20

? 9/4/20


Don Worden of Worden Brothers (makers of Telechart software) used to keep a trend table before his health issues got in the way. I always found it useful. Mine is slightly different. Hopefully helpful. Up? or Dn? means loss of momentum. ? by itself means trend is neutral. ?+ or ?- means trend is neutral with bias of up(+) or down (-)

Tuesday, April 30, 2013

More global economic data

This is a look at China's struggling export business.

Source

Export growth excluding Hong Kong is hitting new lows since the last recession.  Overall growth has been sluggish for more then a year now.  I suspect the pick up in the 2nd half last year was helped a lot by the new AAPL products announced last fall.  At the moment there is no sign the global economy is set to pick up.

Here is another chart with more evidence the global economy is slowing again.

Source

The April reading of Goldman's global leading indicator took a big tumble.  The big drop in industrial metals might have played a part in that. At any rate it is possible the global economy is set to slow down more.

Just a reminder that we may already be in a global recession.

Source

We have seen the U.S. data coming in below expectations pretty often for a couple of months now.  The global economy appears to be slowing considerably again.  All this could easily impact 2nd quarter earnings significantly.

Bob

No comments:

Important

The information in this blog is provided for educational purposes only and is not to be construed as investment advice.