http://www.blog.ogmarkets.com Tue, 07 Sep 2010 16:44:51 +0000 http://backend.userland.com/rss092 en By Jim Donnelly, Olson Global Markets When looking at a few market sentiment surveys last week, it is clear that pessimism was acute at the beginning of last week’s trading session. Some had bearish sentiment approaching levels not seen since the March 2009 low. Highlighting that feeling was another net outflow ... http://www.blog.ogmarkets.com/?p=277 By Jim Donnelly, Olson Global Markets In front of the release of August’s employment data this Friday, a series of economic reports released over the past two weeks has investors deeply pessimistic once again. As a result, the “run-to-safety” trade into U.S. Treasury securities pushed interest rates (across the yield curve) ... http://www.blog.ogmarkets.com/?p=271 By Jim Donnelly, Olson Global Markets A clear sense of unease, underscored by another stunning flight into U.S. Treasury securities, has engulfed the equity markets. An unexpected 500K jump in initial weekly jobless claims reinforced the notion that that employment picture is far bleaker than previously thought. Adding to this dark ... http://www.blog.ogmarkets.com/?p=268 Jim Donnelly, Olson Global Markets Following a week’s worth of evidence that the economic recovery is sputtering, another leg of the “run-to-safety” shift into U.S. Treasury fixed income securities ensued. A spate of better-than-expected 2nd quarter earnings results took a back seat to a number of troublesome reports. Initially, The Federal Open ... http://www.blog.ogmarkets.com/?p=265 By Jim Donnelly, Olson Global Markets Although taking some time to develop, the Dow Jones Utility Index (DJU) appears to be setting up for a solid move upward. A bullish “reverse head & shoulders” pattern that has been in the making since the post-Lehman Brothers plunge in October 2008 continues to ... http://www.blog.ogmarkets.com/?p=262 By Jim Donnelly, Olson Global Markets After Federal Reserve Bank of St. Louis President James Bullard noted that the U.S. economy might be getting closer to a Japanese-style outcome hinting that the risks of deflation were rising, yields on U.S. treasury securities declined once again. That said, other observers including Charles ... http://www.blog.ogmarkets.com/?p=259 By Jim Donnelly, Olson Global Markets Just when it appeared the equity markets might be forced into an extended period of “the summer doldrums” (typical of the season), the S & P 500 Index broke above key downtrend resistance on weekly bar charts forcing investors to take another look. Thus far, earnings ... http://www.blog.ogmarkets.com/?p=256 By Jim Donnelly, Olson Global Markets Technicians are always looking for the birth of a trend, the maturing of a trend, or the end of one. When a series of conflicting chart elements are present however, corrective price action usually results. Such is the case for the S&P 500 Index ... http://www.blog.ogmarkets.com/?p=253 By Jim Donnelly, Olson Global Markets Last week’s 511 point surge in the Dow Jones Industrial Average (DJIA) as well as the S&P 500 Index’s (SPX) 55 point gain caused both of those key barometers to close back above their respective “mid-channel” resistance levels. At the same time, bullish technical divergences ... http://www.blog.ogmarkets.com/?p=249 By Jim Donnelly, Olson Global Markets After the release of a host of worrisome economic data, the Dow Jones Industrial Average (DJIA) closed below both “cross” trend line and “mid-channel” supports located at the 9,885 level last week. Housing sales and starts were disappointing. Consumer spending was tepid. Manufacturing ISM posted ... http://www.blog.ogmarkets.com/?p=246