Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Markets
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Thursday Jan 28 2010 TLT is a closed end fund of bonds averaging 25 years in maturity. The market has been descending in price and increasing in yield since the top last October. It should now be falling in a fifth wave for this formation. The action after that daily fifth wave bottom will…
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Tuesday Jan 19, 2009 JAL will file bankruptcy under their equivalent of our Chapter 11 re structuring. Some 15,000 will lose jobs, the stockholders are wiped out, the government is putting up $10 B in Japan;s fourth largest bankruptcy ever. The President of JAL resigned, gee why don't we ever see that here? The story…
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Friday Jan 15 2009 Red and black bars are the TLT a fund of 20 year bond prices. The black line is the SPX. The blue arrows spotlight how each is opposite the other at price extremes. Back at the November low, money scurried into bonds as stocks sank. This has continued to happen…
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Friday Jan 15 2010 Bond popped this morning in spite of a stronger dollar. But counting the waves, is this just a fourth wave rally beneath an overall downtrend?
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Thursday Jan 14 2009 We put a longer 21 and 55 bar exponential moving average on the bond chart. These MAs give infrequent but accurate changes in direction to a market. This market turned down this past summer. This was the pullback in stocks and money then moved from bonds to stocks. In addition…
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Tuesday Jan 12 2009 Many analysts are now tracking the VXX. Note, the VXX is a reverse bullish indicator, low VXX readings mean an optimistic stock market. High VXX readings mean maximum put buying and pessimism. Let’s take a look at its early warning signs to see if it can help two years in a…
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In Prechter's report this month: "this week's closing high brings the index to a 53% retracement of wave 1, which is nearly the same percentage as the 52.3% registered by the countertrend rally following the crash of 1929. The Dow fell 85% over the next 27 months." Elliotwave.com Here is what this means in chart…
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This article explains how the finance lobby has come to dominate Congress. It is also a simple explanation of how the derivative market grew and still threatens the financial landscape. We will be including this article in our modules on derivatives in intermediate II accounting.
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Tuesday Jan 5 2009 The weekly exponential moving averages called the decrease in rates, and the decrease in stocks shown above pretty well. We previously posted these MAs on the stock market. The SPX is at the top. Notice that yields followed the stock market down. IN the recovery yields have followed the market…
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It has been the strongest one year rally since the Depression, we keep hearing this on CNBC, etc. And so there are many calls for a top, noting that little progress has been made since Sept with lower volume and less participation. Okay, is this the top or just a pause? This rally is remarkably…
Professor Elam 