Fundamental Analysis

The world economy is currently experiencing its steepest downturn since the 1940s, with global trade expected to contract by 10% this year, see chart a. Global economic output could fall by 2%, with growth in the advanced economies dropping by at least twice this rate, around 4-5%.

Dear Trader,

TSG Stock Market Letter
Week Ending May 1, 2009
Topics Discussed This Week:

* Rally re-ignites?
* Leaders fall behind...
* Earnings forecasts still looking bullish but...
* Case-Shiller shows prices still declining but at slower rate
* Comparing rallies
* Elliott Wave SPX Perspective

This marked the eighth week that stocks have rallied ...

The CSI Enterprise Bond Index started the week at 117.30, and slipped to a low of 116.95 shortly after opening, but closed the week up at 117.37. The Shenzhen Corporate Bond Index started the week at 130.82, hit a low of 130.72 on Wednesday and finished the week up at 130.89.

Chinese stocks finished the week up with the Hang Seng rising 1.7%, the Shanghai Composite up 1.2%, the Shenzhen Component up 2%, and Taiwan’s TAIEX up 1.9% following a 6.7% rally in Taiwanese stocks on Thursday.

In the past week SASAC revealed SOE profits dropped 42%, and the government announced it would spend an additional 70 billion yuan of its 4 trillion yuan stimulus package.

Dear Trader,

TSG Stock Market Letter
Week Ending April 24, 2009
Topics Discussed This Week:

* Rally takes a breather?
* Leaders bounce back again...
* Earnings forecasts show signs of hope
* Existing and new home sales fall
* Waiting for Case-Shiller
* Declining Treasury sales + new spending = Mission Impossible?
* Elliott Wave Perspective on the S&P500 ...

Gilt yields surge after record borrowing projections in Budget 2009
UK Budget 2009 showed public borrowing rocketing to above 12% (£175bn) of the economy in the current fiscal year, sending gilt yields sharply higher and sterling lower .

Dear Trader,

The April 23 Special Elliott Wave S&P500 Bulletin is available at
http://tradesystemguru.com/content/blogcategory/39/73/

Please bookmark this link and check back regularly before market
open for our Elliott Wave perspective on the S&P500 with analysis
by trader Ananth Acharya.

Dear Trader,

The April 22 Special Elliott Wave S&P500 Bulletin is available at
http://tradesystemguru.com/content/blogcategory/39/73/

Please bookmark this link and check back before market open for
our Elliott Wave perspective on the S&P500 with analysis by trader
Ananth Acharya.

Are We There Yet?