Daily Global Economic Calendar

Real Time Economic Calendar provided by Investing.com.

Friday, May 25, 2012

Looking for Something Positive

From The McClellan Market Report
Thanks Tom.

 The lower indicator in this chart is a 2-day percentage rate of change for HIO (High yield bonds).  It just measures how much price change has occurred since two days before.  When we see a drop of greater than 2% over a two day period, that is usually a great sign of a short term bottom for the overall stock market.

Next is Dem President reelection:
 Finally, I don't know where he is getting this data from, but it was published on Feb 4, 2012 and points to June bottom (BTW my A/D indicator posted its highest reading of the year on Feb 3)
A fight that broke out in the corn pits of the Chicago Board Of Trade earlier this week. Apparently it was a fight over an order. One trader thought that the other trader stole one of the others' orders. (I covered DBA short days ago)

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