Another Down Week For “Riskon” Assets

Friday, June 1, 2012 Stock Market Commentary: Stocks and a slew of other “riskon” assets were smacked last week as the latest round of data confirmed our longstanding thesis that the global economy is “slowing, not growing. From a technical standpoint, the action is weak and continues to get “weaker.” In early May, all the…

Stocks Bounce; 200 DMA Line Next Level of Support

Friday, May 25, 2012 Stock Market Commentary: Stocks and a slew of other “risk assets” ended mixed to mostly lower last week as the euro dragged risk assets lower as it continued to fall to a fresh multi-year low. From a technical standpoint, the action is weak and continues to get “weaker.” In early May,…