The official Government data on Retail Sales fell in October by a never before seen amount.
We did not need the Government data to know that it was deteriorating. Real world indicators tell us more than Government data.
OCT ADVANCE RETAIL SALES: -2.8% V -2.1%E; LESS AUTOS: -2.2% V -1.2%E
- Prior Advance Retail Sales revised from -1.2% to -1.3%
- Prior Less Autos revised from -0.6% to -0.5%
The current S&P 500 E-Mini futures chart (5 minute chart)
Notice: RebelTraders will be on ‘holiday’ next week. We will be happily sailing the Caribbean Sea next week. I will have my Blackberry with me and hopefully with the technology of satellites I will be able to keep tabs on what the market is doing. I may even make a post from the ship if anything major develops.
I am attempting to get the ‘Rebel Forums’ up and running before we leave. This way you can discuss in numerous subjects, post your own charts, and bears and bulls can battle it out (in a friendly manner).
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010
