Archive for April 1st, 2010

Monthly Strategy – April 2010

Equities Although I’m convinced that the economy is not pulling a V-shaped  almost everywhere except in China and in their commodity based economy satellites I believe that in the short term the equity gains will continue. I have a 1200 S&P 500 target. I have only a small exposure to the markets (via a June […]

ISM Manufacturing Index Surprises To The Upside

ISM Manufacturing Index came out at 59.6 vs. prior reading of 56.5 and consensus of 56.3. A big positive surprise. Chart 1. ISM Manufacturing Index

U.S. Natural Gas Weekly – 1 April 2010

Working gas in storage rose 12 Bcf from previous week. The speculative futures short positions reached all time high last week, massive short squeeze in making. The question is only at which price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures […]

Initial Jobless Claims Down 6.000

Initial jobless claims came out at 439.000. The consensus was at 440.000. The week before figure was revised higher to 445.000. Chart 1. U.S. Initial Jobless Claims

China Manufacturing PMI’s For March Moderately Higher

The official China PMI rose from 52 to 55.2; The HSBC/Markit PMI rose from 55.8 to 57. Chart 1. China Federation of Logistics & Purchasing and National Bureau of Statistics PMI / HSBC Markit China Manufacturing PMI


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