Home > Uncategorized > 2013/10/24 TrendView VIDEO Analysis: Equities with mention of other asset classes

2013/10/24 TrendView VIDEO Analysis: Equities with mention of other asset classes

© 2013 ROHR International, Inc. All International rights reserved.

TrendView VIDEO ANALYSIS & OUTLOOK: Thursday, October 24 2013 (after the US Close)

131024_EQ_FIXED_1530EQUITIES

This is a typical concise TrendView Video because so much of the trend evolution is obviously still consistent with the major multi-asset class video from Wednesday morning. We refer you back to that for the extended trend views and short-term trend evolution.

The timeline is macro factors discussion until the December S&P 500 future at 00:50, December T-note future with mention of other govvies from 06:40, mention of foreign exchange at 08:10, and a brief return to the key short-term factors for the December S&P 500 future at 09:15.

The bottom line is that it is all still consistent with the market context discussed in Tuesday’s post on QE-Infinity is good for what ails youunless you’re the US dollar. We expect more of the same, and the govvies are in a particularly critical phase after their recent rally. The fine line analysis for the rest of the markets is best reviewed in extensive graphical analysis in Wednesday morning’s video and the market analysis below (which is also still consistent with today’s market activity.)

The Current Rohr Technical Projections Key Levels & Select Comments are available via the link in the right-hand sidebar.

 

General Market Observations & EXTENDED TREND IMPLICATIONS

▪ We refer you back to yesterday’s analysis, as all remains the same as noted then. The bottom line is that the end of the US government budget and Debt Ceiling impasse followed by the weak US Employment figures has resulted in not surprising further strength of the equities. That leaves December S&P 500 future pushing above the critical 1,730-35 area and now challenging the 1,755 next oscillator resistance. It’s hard to tell how much more weak economic data the equities bulls can take in this ‘bad news is good news’ extended QE environment.

However, that same weakening of Q4 GDP has also allowed the govvies to rally once again in the face of equities strength (the classic real world response versus the ‘anticipation’ in the equities.) That leaves the December T-note future perversely up into its own mid-127 next critical resistance. It has also weakened the US dollar quite a bit, even though some had expected it to rise with the equities after weakening with them into early this month. Obviously an evolving intermarket influence dynamic.

The balance remains much the same as today’s Current Rohr Technical Projections – Key Levels & Select Comments available via the link near the top of the right-hand column.

Thanks for your interest.

p.s. As we are just back to blogging after a lengthy hiatus, some of the information on the blog is a bit dated. We will be clearing that up soon, and all of the current critical information (Calendar, Perspective, Technical Projections) is up to date.

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