Fat Fingers, Glitches & The Act of God Rule
--Stock Indices Trigger New (3rd) Sell Signal;
--Reversal Lower Expected On Aug. 26 or 27
--Gold and Silver Reach 2-3 Month Upside Targets;
--August 26-30 = Decisive Time Frame.
Beginning 08/24/13 Weekly Re-Lay...
STOCK INDICES: 08/24/13--1-4 Week Outlook--Stock Indices fulfilled projections for a decline from August 1 or 2 into August 22 or 23. The early-August peaks fulfilled expectations for a 5th consecutive advance of 5-6 weeks in duration (with the latest advance reversing precisely at the 40-day point).
(August 30, 2013) Personal income increased $14.1 billion, or 0.1 percent, and disposable personal income (DPI) increased $21.7 billion, or 0.2 percent, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $16.3 billion, or 0.1 percent. In June, personal income increased $38.2 billion, or 0.3 percent, DPI increased $27.3 billion, or 0.2 percent, and PCE increased $64.0 billion, or 0.6 percent, based on revised estimates.
Real disposable income increased 0.1 percent in July, in contrast to a decrease of 0.2 percent in June. Real PCE increased less than 0.1 percent, compared with an increase of 0.2 percent.
Now It Is Syria Before It Was Egypt!
(August 29, 2013) Real gross domestic product--the output of goods and services produced by labor and property located in the United States--increased at an annual rate of 2.5 percent in the second quarter of 2013 (that is, from the first quarter to the second quarter), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.1 percent.
West Coast Leads Recent Gasoline Price Declines
(August 27, 2013) The Conference Board Consumer Confidence Index, which had declined in July, increased slightly in August. The Index now stands at 81.5 (1985=100), up from 81.0 in July. The Present Situation Index decreased to 70.7 from 73.6. The Expectations Index increased to 88.7 from 86.0 last month.
The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was August 15.
Overview and Observation
Grains Inspected And/Or Weighed For Export
Random Thoughts in the Summer Doldrums