Anthony Jasansky, P.Eng.
Tony is the developer of a proprietary general gauge called Marketmetre that tracks several fundamental and technical indicators. A hardcore technical analyst and avid follower of corporate insider market trades, over the past quarter century Tony’s Marketmetre has successfully called every major market move. Tony writes a monthly column in Profit Confidential.
Historically, December is a seasonally strong period for U.S. stocks. But, so far, 2011 has not been cooperating with familiar seasonal patterns. The most notable being the failure of U.S.major stock market indices, namely the Dow Jones Industrial Average and the S&P 500, to rally in a Presidential…
During the Federal Reserve’s Open Market Committee meeting on September 21, the Fed pulled yet another rabbit out of its hat of monetary tricks. From what increasingly appears to be an empty hat, Fed Chairman Ben Bernanke pulled out a $400-billion plan to buy long-term treasuries while selling…
Lack of hopeful economic data has made it difficult for the deeply oversold stock market to find a trigger for a meaningful and sustainable rebound. The Federal Reserve’s annual symposium in Jackson Hole, Wyoming, always a closely watched event, was of extra interest to the financial markets this…
Just as the Federal Reserve is winding down its $600-billion QE2 monetary stimulus program, the latest releases of U.S. financial data increasingly point to another slowdown in the American and global economies. Being a technically focused analyst, I generally don’t mull over the numerous fundamental data considered to…
Over the last two years, the 105% advance in the S&P 500 recovered 697 points of the 909 points lost between October 2007 and March 2009. In percentage terms, the S&P 500 so far has recovered 77% of the 909 slide. Comparably, the NYSE Composite recovered 73% of…
A few comments on the tragedy unfolding in Japan: the foremost reason for the devastation has been the tsunami rather than the strongest earthquake on record itself. According to Webster’s Dictionary, the word “tsunami” is of Japanese origin. It was the tsunami that has disabled the nuclear power…
Bulls on today’s stock market can list many sound arguments to support their bullish views. But when it comes to explaining the dramatic rebound from the March 2009 abyss for stocks, the unprecedented money printing (called “quantitative easing” in Fed talk) has become the foundation for the market’s…
The "QE2" was launched two weeks ago. But it is not the legendary ocean liner "Queen Elizabeth 2" returning to active service. QE2 is the second wave of quantitative easing (QE) that the Fed has introduced by purchasing U.S. Treasuries. Billions of additional dollars will be created out…— "Profit Confidential" Column, by special guest columnist Anthony Jasansky, P. Eng The flow of financial news has been plentiful and extraordinarily conflicting, as this market attempts to discount an economic recovery from the deepest plunge in the economy and financial markets since the 1930s. The question I…
— by special guest columnist Anthony Jasansky, P. Eng. In my last PROFIT CONFIDENTIAL commentary, I described a simple methodology of calculating the likely level of stock market reactions (retracements) to preceding price changes. I had noted that, with the exception of the Canadian TSX Composite, all other…
— by Anthony Jasansky Like a medieval alchemist, Treasury Secretary Timothy Geithner keeps on inventing new formulas that may turn junk assets held in bank balance sheets into marketable securities. The latest concoction revealed publicly on March 23 under the catchy moniker "PPIP" (Public-Private Investment Program) has been…
