Republican Florida Senator Rubio chastised Barack Obama on a number of issues

Not only did the Dow Rails recently fail to confirm the DOW industrials buy signal… but the Industrials now joined the Rails and both plunged and gave sell signals last week. This was a Dow Jones sell signal confirmation of the sell signal that occurred August 2, 2011.
http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=2y;compare=^dji;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

A CBS/New York Times panelback poll, in which interviewers call back respondents to a previous survey, showed Romney leading 46 to 43 percent -- and leading among women.

The Rasmussen said “Recent News Could Cause Panic for Obama Campaign.”
http://www.rasmussenreports.com/public_content/political_commentary/commentary_by_michael_barone/recent_news_could_cause_panic_for_obama_campaign


World market this week
China’s biggest banks may fall short of loan targets for the first time as demand for credit falls and stimulation policies fail. Will China lapse as Russia did into economic chaos and begin arresting and imprisoning political dissidents instead of the corrupt officials who are demanding kickbacks and threaten to destroy foreign investment in China?

Euro falls to 2007 levels making Europe a place to visit again. Germany shows more signs of a slowdown as their business climate deteriorates.

Singapore’s industrial production fell for the third time in four months in April as manufacturers cut output of electronics and pharmaceuticals and the Obama Depression spreads abroad.

Spain’s banking system will fail without another bailout.

The world braces for the looming Greek socialist economy’s collapse. European markets are down sharply this week.

China's markets have declined for more than a year now and may be seeking a bottom. A triangle is forming indicating the upper and lower resistance levels are closing. But so far both the lows and the highs are still going lower (not good). http://finance.yahoo.com/echarts?s=000001.SS+Interactive#symbol=000001.ss;range=my;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

Emerging markets just gave a head and shoulder sell signal now and are getting worse.

http://finance.yahoo.com/echarts?s=%5EMERV+Interactive#symbol=^merv;range=2y;compare=;indicator=ema(100,200)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

American Economy

Last Week

Retail Sales Apr 0.1% down from 0.8% bad

Retail Sales ex-auto Apr 0.1% 0 down from 0.8% bad

CPI Apr 0.0% 0 down from 0.3% deflationary, bad

Core CPI Apr 0.2% flat 0.2% OK

Empire Manufacturing May 17.1 up from 6.6 good

Net Long-Term TIC Flows Mar $36.2B up from $10.1B good

Business Inventories Mar 0.3% down from 0.6% good

NAHB Housing Market Index May 29 up from 25 good

MBA Mortgage Index 05/12 9.2% up from 1.7% seasonal

Housing Starts Apr 717K up from 699K seasonal

Building Permits Apr 715K up from 769K seasonal

Industrial Production Apr 0.6% up from 0.0% adjusted for manipulation

Capacity Utilization Apr 79.2% up from 78.6% good

Crude Inventories 05/12 2.128M down from 3.652M NG

Initial Claims 05/12 372K up from 367K removing Obama bias- Bad

Continuing Claims 05/05 3283K up from 3229K removing Obama bias- Bad

Philadelphia Fed May -5.8 down sharply from 8.5- very Bad

Leading Indicators Apr -0.1% down from 0.3%- very Bad



This Week
Existing Home Sales Apr 4.61M up slightly from 4.48M (seasonal)

MBA Mortgage Index 05/19 3.8% sharply down from 9.2% (very bad)

New Home Sales Apr 343K up from 328K (very good)

FHFA Housing Price Index Mar 1.8% up from 0.3% (good)

Crude Inventories 05/19 0.883M contracts from 2.128M (fuel scarcity?)

Yesterday
Initial Claims 05/19 372K up from 370K (adjusted for Obama transfer of bad news) bad news

Continuing Claims 05/12 3284K up from 3265K (adjusted for Obama transfer of bad news) bad news

Durable Orders Apr 0.2% -up from -4.0% (good)

Durable Orders -ex Transportation Apr -0.6% slightly improved from -0.8%

Today
May 25 9:55 AM Michigan Sentiment - Final May


Market outlook May 25, 2012

We expect that a major market sell-off will continue at least until Americans have hope there will be a change confirmed in November. The Obama-Holder regime has been a veritable socialist disaster of despair and decay.

Anyone with knowledge of history and a brain knows that all forms of socialism are economic and social forms of cannibalism that eat the souls of the people they rule.

Buying was very weak during the recent rise on very low volume. The DJI is no longer a safe haven. The NYSE has also plunged.

http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=6m;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

The DOW Industrial’s confirmed the Dow Rails sell signal last week. Confirmation means there was never a confirmed DOW buy signal after the collapse on August 2, of 2011. The Dow Theory Industrials and Rails sell signal of August 2, 2011 was confirmed, and therefore it still holds from August 2, of 2011.

http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#chart1:symbol=^djt;range=2y;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

This next chart shows that the US and hence the entire world is about to enter a major depression if Obama is not thrown out in November. The free market has topped out because of the feat of Obama socialization of America; “the world’s only unfettered economic engine”.

http://finance.yahoo.com/echarts?s=%5EDJT+Interactive#symbol=^djt;range=my;compare=^dji;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined;

On a quarterly cycle basis (look at 6 months) the NYSE gave a sell signal. On an annual cycle basis (look at 2009 to today) it appears the head and shoulders sell signal. On an economic business cycle basis (up to 20 + years) it shows the economy peaked in early 2000 and began to decline during the Clinton administration. For an Obama-Holden regime Great Depression to be declared the market would need to drop another 15% from this current level. That could happen if the Obama-Holden regime is re-elected.

http://finance.yahoo.com/echarts?s=%5ENYA+Interactive#symbol=^nya;range=2y;compare=;indicator=ema(200,100)+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined

The VIX says the market volatility has a long way to go before the market bottoms. The ugly Obama-Holden regime can get even uglier.

http://finance.yahoo.com/q/bc?s=%5EVIX&t=2y&l=on&z=m&q=l&c=
Baltic Dry Index is collapsing again after collapsing 90% already since the Obama-Holden regime elected. This is saying world trade by boat has collapsed under Obama.
http://www.bloomberg.com/quote/BDIY:IND/chart


Stock market update:

Asian markets were mixed last night. China down –0.8%, Hong Kong down –1.3%, Singapore down –0.3%, Jakarta down –2.1%, Taiwan down –0.8% Japan up 0.2 %.

European markets were mixed half way through their day in a range of 0.4% to -0.4%

American market futures are down about -0.1% in after hour trading at 8:00 AM EST.