Tuesday Morning Chartology_7/6/10
Steve Cook on Disciplined Investing

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The Market
    
    Technical

    Stock price performance after 7 down days (chart):
    http://www.bespokeinvest.com/thinkbig/2010/7/5/dow-7-day-losing-streaks.html

      Tuesday Morning Chartology
   
    There is still an outside chance the S&P could hold its November 2008 trading high (green line); but I doubt it.

 



    Note the VIX broke the recent up trend.  Either it will rebound or stocks will.



 

    This may be a good point to add to our gold position.



 

   Fundamental
  
     
    S&P bottom up earnings forecast for 2010 (short):
    http://tickersense.typepad.com/ticker_sense/2010/07/sp-500-bottoms-up-earnings-forecasts.html
 
Economics

   This Week’s Data

   Other

    A 6 minute video interview with Professor Robert Shiller of Yale:
    http://www.ritholtz.com/blog/2010/07/shiller-wary-on-economic-outlook/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29&utm_content=Yahoo!+Mail


    The positive spin on last week’s jobs number (short):
    http://mjperry.blogspot.com/2010/07/private-sector-jobs-increase-for-6th.html

Politics

  Domestic

    Thoughts from Dylan Radigan (medium):
    http://www.ritholtz.com/blog/2010/07/fix-america-fix-the-politicians/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29&utm_content=Yahoo!+Mail

    A brief piece on the powers delegated by the Constitution:
    http://cafehayek.com/2010/07/many-and-vague.html











Posted 07-06-2010 8:17 AM by Steve Cook
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