Monday Morning Chartology 7/18/11
Steve Cook on Disciplined Investing

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I mentioned earlier this summer that we had bought a new home and would be moving at some point.  The time is now.  We move this Saturday.  That means a lot packing, meeting with workmen, etc.  So this week’s Morning Calls will be abbreviated.  There will be no Closing Bell.  I am hopeful that the internet connection will be in place by Monday.  But if you don’t hear from me that is the reason why.

The Market
    
    Technical

      Monday Morning Chartology


    The S&P remains solidly within its intermediate/short term trading range.




    GLD is making new highs daily and continues to trade in an intermediate term up trend.





    No matter how hard it tries, the VIX is anchored to its current trading range.





    
    Fundamental
    
       
    Corporate cash at new highs (short):
    http://tickersense.typepad.com/ticker_sense/2011/07/corporate-cash-is-at-an-all-time-high-but.html

     News on Stocks in Our Portfolios
 
    Genuine Parts reported second quarter earnings per share of $.96 versus expectations of $.89.

Economics

   This Week’s Data

   Other

    On wealth, how it is created and who creates it  (today’s must read):
    http://www.zerohedge.com/article/guest-post-made-usa-wealth-inequality

    Here is a look at inflation and disposable income incorporating last week’s CPI data (short):   
    http://advisorperspectives.com/dshort/guest/Lance-Roberts-110716-Inflation-Warning.php

    Update on the ECRI weekly leading index (short):
    http://advisorperspectives.com/dshort/updates/ECRI-Weekly-Leading-Index.php

Politics

  Domestic

Obama fables (medium):
http://michellemalkin.com/2011/07/15/the-expanding-catalogue-of-obamacare-fables/

  International

    More woes for the EU (medium):
    http://www.telegraph.co.uk/finance/economics/8636155/Italy-money-supply-plunge-flashes-red-warning-signals.html

    Will Israel go to war with Iran? (medium):
    http://www.zerohedge.com/article/cvn-77-ghw-bush-enters-persian-gulf-cia-veteran-robert-baer-predicts-september-israel-iran-w










Posted 07-18-2011 8:23 AM by Steve Cook