Chart of the Day

Good Afternoon,

I know you are all waiting for me to give you an update on AAPL. Well believe me, I have one. But first, let's cover a busy, busy week of fundamentals. ASIDE from earnings, the economic calendar is full:

**Retail Sales - spending is up!

**PPI- no inflation anywhere, so a non-event

**Empire State Manufacturing Incex - expectations were for a rebound above Zero, but we didn't get it

**CPI - no inflation anywhere, so a non-event

**Philly Fed

**Claims

**U of M

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

To hedge or not to hedge. Looks like the hedgers are getting caught again as SPX is on the verge of another upside breakout. Claims were near the 375k area, but that mattered little as the bulls were in control again. Draghi from the ECB spoke positively about Europe as the ECB kept rates the same. The BOE also left rages unchanged. No data tomorrow as Earnings are on the horizon.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon

Fundamentals have been absent the past few days, making for a technical trade. Fundamentals will pick up with the US 10yr auction tomorrow, claims and both the ECB and BOE on Thursday. Also, earnings reports are around the corner, so be wary as that can add to the beta for individual stocks.

Technically, the resistance line in the SPY is still holding. Will we hold close to this level and rally through it? Will stocks first try to fill this gap?

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternooon,

Let's wrap-up Friday's non-farm payrolls report. But first, let's get to fundamentals. The USD barely has anything going on. Claims are on Thursday, but since we just had an employment report, we will need a few more weeks of data on Thursday mornings to have a realistic estimate of the January numbers. We do get monetary rate information from the ECB and BOE, but aside from that, a very slow week data wise.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

As I said on Sunday evening, it is a shame that the fiscal cliff is overshadowing the fundamentals because they have been getting better. See unemployment claims today, but there could be some seasonalities to it, so continue to monitor it. We have CHPM tomorrow, will it stay above the 50 contraction/expansion line? Also, we are only a week out from the December unemployment report - so a busy economic calendar over the next few trading days.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.