Thanks for posting that, Matt. I went way long today, so now I can sleep. :-)

Charles Nenner made that forecast in a recent interview.

Matt,

You always check for a Hindenburg Omen. Did we get 1 today?

Matt,

McClellan said the "Sell in May" rule usually does not work in Prez election years. Can you run your stats against that? Thanks.

Yes, Matt's comments on Gold have been very helpful.

Both BDI and HARPEX look like they have bottomed. May bode well for China and global growth etc.

http://www.harperpetersen.com/harpex/harpexVP.do

http://www.dryships.com/pages/report.asp

I like that summary. Thanks!

what a coincidence!

Wow, the Daily NYMO below 100 last occurred at the Nov low before the long leg up. Could be a short term bottom.

http://stockcharts.com/h-sc/ui?s=$NYMO&p=D&b=5&g=0&id=0

Nice chart Matt! I'm bookmarking that 1. Thanks.

A downside break of $20 for Apple? That amounts to a giveback of about 2 days of its recent typical gains. 

The Fed publishes their weekly monetary base graph Thursday nights - see link below. It peaked about 2 weeks ago, so market weakness is expected in the weeks following the peak, unless it turns back up (this has been a good correlator for the past few years, IMO). 

http://research.stlouisfed.org/publications/usfd/page3.pdf

Steve,

rbreese quoted TC's OEW daily update, and I really like his format since I only have time for a very brief daily summary. I prefer reading 2 well-written concise paragraphs on the major US index rather than trying to digest the charts you spend many hours of your  time preparing for us. I have told you that several times, yet you seem to ignore it. I am sure others disagree with me and prefer your charts, but if you really want to cater to your broad paying customer base, you should consider my request. I pay for your service, yet I get a more useful (for my needs) daily update from TC's site.

I have similar tax problems. I imported my broker's e-file statements into Turbo Tax, then spent hours adding missing transactions and filling out missing cost bases or adjusting cases where the broker used FIFO where I had been doing different accounting in my own records. After spending many hours doing this and finishing after 2 weekends of work, my broker sent me totally amended forms - what a nightmare as I cannot just re-import them since it will wipe out my many manual changes. Also, I noticed the wash sales must have been accounted incorrectly by my broker, as they really should have a net 0 effect once all equities have been sold, yet the wash sales in their reported forms discounted much of my valid losses. The link below claims most brokers got the wash sale accounting all wrong - I asked my broker about that via their helpdesk and received a form response asking me to prove they are wrong. I am frustrated beyond belief and cannot use Mark-to-Market now since I have accumulated losses from prior years.

http://www.greencompany.com/blog/index.php?postid=139

Kalinm, Thanks for all of your interesting observations/posts