Chart-of-the-Day

S&P 500 Index Marking Time

The S&P 500 Index has recently backed off its all-time high of 3,027 and fallen below the psychologically important 3,000 level. Critical support levels are at 2,950 and 2,875. [more]

2019-09-26 RASI-banner
Analyst Articles

RASI: Market Outlook Still Positive; Up-Trend Stalled

The RASI Index has shown good momentum since the end of August, but it has now stalled and could be “rolling over”. The DJIA shows the same trend. A new catalyst may be required to get both Indexes moving higher again. Progress on the USA-China trade talks could be that catalyst. [more]

2019-09-24 Calafia-banner-whiteborder3
Calafia Beach Pundit

U.S. Living Standards Continue To Rise

There is always a lot of hype about how workers are losing out on wage gains. Right now, the workers of General Motors have been on strike since September 15, calling for higher wages which, in fact, have not risen very much over the past ten years or so. [more]