Monday Morning Chartology-11/16/09
Steve Cook on Disciplined Investing

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Economics

   This Week’s Data

    October retail sales improved by 1.4% versus expectations of a 0.9% increase; ex autos, they were up 0.2% versus estimates of +0.4%.
    http://www.calculatedriskblog.com/2009/11/retail-sales-increase-in-october.html

   Other

    My guess is that one of the next indicators that investors will be paying attention to is holiday sales.  Here is the ICSC forecast for this year which seems way too optimistic to me:
    http://www.businessinsider.com/chart-of-the-day-traditional-holiday-spending-2009-11?utm_source=Triggermail&utm_medium=email&utm_campaign=Clusterstock%20Chart%20of%20the%20Day%2C%20Friday%2C%2011%2F13%2F09

    Jobless claims looked at from a different perspective (chart):
    http://mjperry.blogspot.com/2009/11/we-never-got-close-to-900000-jobless.html

    More on government spending (short):
    http://bespokeinvest.typepad.com/bespoke/2009/11/government-spending-where-does-it-end.html
   
The Market
    
    Technical

    The latest from TraderFeed:
    http://traderfeed.blogspot.com/2009/11/large-cap-strength-small-cap-weakness.html

       Monday Morning Chartology



 




  








Posted 11-16-2009 8:43 AM by Steve Cook