2014/09/24 TrendView VIDEO: Concise Highlights (early)

© 2014 ROHR International, Inc. All International rights reserved.

The analysis videos are reserved for Gold and Platinum Subscribers

TrendView VIDEO ANALYSIS & OUTLOOK: Wednesday, September 24, 2014 (early)

Concise Highlights  

Tuesday’s late session US equities weakness seemed to reinforce our assessment that there are still quite a few economic and geopolitical pitfalls facing the equities… even the upside leader US equities. Even after last week’s the Fed accommodation indications in spite of somewhat more hawkish aspects to last week’s economic projection revisions, the S&P 500 managed to retrench a fast forty dollars from it recent all-time high. And the continued weak news out of Europe was reinforced by much weaker-than-expected German IFO indications this morning. And while on the face of it the continued accommodation from the FOMC last Wednesday is a sustained friendly influence, other than the BoJ the rest of the central banks are not so very supportive at this point.

It is especially important that the ECB has yet to figure out the mechanism by which it can provide the QE that almost everyone (except a few fiscal reprobates in Germany) agrees is essential to stave off deflation in the Euro-zone and broader Europe. And while previous ‘bad news’ (weak economic data even in the US) had fomented an extension of the equities rally, that seemed to be changing at the top of this week. The question is to what degree? For right now that remains nominal in spite of the recent US equities spill. Yet with all of the US Treasury’s anti-inversion rules and additional bank lending sanctions announced yesterday, US coalition bombing of Isis targets in Syria broadening the conflict over there, and still weak data, it is possible that ‘bad news’ might NOT actually be ‘good news’ at this juncture. Even so, the levels the S&P 500 Index has held late yesterday still leave room for a rally; even if that might be part of broader topping activity.

_____________________________________________________________

Video Timeline: It begins with macro (i.e. fundamental influences) discussion of most of the factors noted above. It also mentions the Australian Leading Index coming in a bit better than expected, Chinese Consumer confidence on target (which is a relief after recent negative indications there), and the fact that yesterday’s US indicators were roughly in line with estimates.

It moves on to the DECEMBER S&P 500 FUTURE short-term trend view at 02:30 and intermediate term at 04:30, only mention of the OTHER EQUITIES from 06:25, yet with full review of the GOVVIES at 07:15 with only mention of the very steady activity in the SHORT MONEY FORWARDS at 10:50. FOREIGN EXCHANGE (including CROSS RATES) is only mentioned from 11:10 due to it significantly conforming to Tuesday’s Global View video analysis, with a return to SEPTEMBER S&P 500 FUTURE short-term trend view at 12:15 for a final look and additional perspective. We suggest using the timeline cursor to access the analysis most relevant for you.

_____________________________________________________________

Authorized Gold and Platinum Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion and TrendView Video Analysis and General Update. Silver and Sterling Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion.

Read more...

2014/09/23 TrendView VIDEO: Global View (early)

© 2014 ROHR International, Inc. All International rights reserved.

The analysis videos are reserved for Gold and Platinum Subscribers

TrendView VIDEO ANALYSIS & OUTLOOK: Tuesday, September 23, 2014 (early)

Global View: All Markets  

As we have noted quite a few times, there is quite a lot to be said for the potential economic and geopolitical pitfalls facing the equities… even the upside leader US equities. And yet, the Fed accommodation indications of late remain in spite of somewhat more hawkish aspects to last week’s economic projection revisions. On the face of it, the continued accommodation from the FOMC last Wednesday is a sustained friendly influence. Especially in light of a couple of factors noted right after last Wednesday’s FOMC announcement and press conference, it seems the Fed is maintaining an ‘endless easing’ syndrome due to its sensitivity to the relative weakness of what is now a somewhat extended cyclical recovery.

And while recent ‘bad news’ (weak economic data even in the US) had fomented an extension of the equities rally, that seemed to be changing at the top of this week. The question is to what degree? For right now that remains nominal in spite of the recent US equities spill. With all that is occurring right now in the US Treasury’s anti-inversion rules, US coalition bombing of Isis targets in Syria, and still weak data (even if Chinese Advance Manufacturing PMI came in a bit better than expected), the wonder is that the equities are not even weaker than what has transpired since last week’s strong US Close.

_____________________________________________________________

Video Timeline: It begins with macro (i.e. fundamental influences) discussion of most of the factors noted above. It also mentions that the only US influences today are the Advance Manufacturing PMI and Richmond Fed Index along with some Fed-speak.   

It moves to SEPTEMBER S&P 500 FUTURE short-term view at 02:30 and intermediate term at 05:00, then the OTHER EQUITIES from 07:15, with GOVVIES analysis beginning at 10:40 and SHORT MONEY FORWARDS at 15:40. FOREIGN EXCHANGE begins with the US DOLLAR INDEX at 19:50, jumping over to EUROPE at 22:00 and ASIA at 24:20, followed by the CROSS RATES at 27:30 and a return to SEPTEMBER S&P 500 FUTURE at 30:45 for a final view and additional perspective. We suggest using the timeline cursor to access the analysis most relevant for you.

_____________________________________________________________

Authorized Gold and Platinum Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion and TrendView Video Analysis and General Update. Silver and Sterling Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion.

Read more...

2014/09/19 TrendView VIDEO: Concise Highlights (early)

© 2014 ROHR International, Inc. All International rights reserved.

The analysis videos are reserved for Gold and Platinum Subscribers

TrendView VIDEO ANALYSIS & OUTLOOK: Friday, September 19, 2014 (early)

Concise Highlights  

After suspecting it was the case ever since Jackson Hole, it seems we in a ‘bad news is bad news’ environment for the equities once again. We had noted the dread the FOMC would take further steps toward less accommodation and prepare the ground for rate hikes sooner into next year than previously expected may have been more than a bit overdone. It was obvious the US equities were going to be hard pressed to develop a rationale to rally on bad news if that is what we got from the FOMC projections and press conference Wednesday.

As we noted in yesterday morning’s Global View, we got a bit of both, which left the US equities particularly volatile after the FOMC announcement and right through the press conference. The projections were more upbeat, which led some to figure the Fed would become less accommodative. Yet when Janet Yellen shared her thoughts in her prepared statement and right into the Q&A, it became obvious the most influential FOMC member remained quite dovish. And so even Thursday’s much weaker than expected US Housing Starts and Building permits (in such a key economic area) could not take away the bid from the equities. And that has continued on weakish data out of Japan this morning.

_____________________________________________________________

Video Timeline: It begins with macro (i.e. fundamental influences) discussion of some of the factors noted above. There was also explicit focus on the Scottish Independence Referendum failing to carry being a major constructive factor, and that the only North American data today is US Leading Indicators along with Canadian CPI and Wholesale Sales… not the sort of trend decisive influences that are capable of overriding what is now a very constructive environment for equities once again.

It moves on to the SEPTEMBER S&P 500 FUTURE short-term trend view at 02:15 and intermediate term at 04:40, OTHER EQUITIES from 06:50 and GOVVIES at 10:30, and SHORT MONEY FORWARDS from 15:25. FOREIGN EXCHANGE (including CROSS RATES) is only mentioned from 18:25 due to it significantly conforming to Thursday’s Global View video analysis, with a return to SEPTEMBER S&P 500 FUTURE short-term trend view at 20:00 for a final look and additional perspective. We suggest using the timeline cursor to access the analysis most relevant for you.

_____________________________________________________________

Authorized Gold and Platinum Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion and TrendView Video Analysis and General Update. Silver and Sterling Subscribers click ‘Read more…’ (below) to access the balance of the opening discussion.

Read more...