Our last two weather sessions have seen temperatures test the 32 degree resistance line only to fall back below late in the day. Our trend continues in a nice rising bearish wedge with both higher highs and higher lows set each session. We will need a close above the 32 degree resistance (daily low above freezing) to confirm an upward breakout, otherwise we are probably going back to retest the lows back in late February... Of course, temperatures charts do not behave like financial charts, but it is sometimes fun to apply financial charting analytics to meteorology. Ironically, the forecast has an upward breakout, but looks to get cold once again in two weeks.

Voting:
Good = 48
Bad = 10

Tags:   stockmarket  

The featured chart maps the performance of Ames high temperatures with the Dow Jones Industrials index since 1 Nov 2007. Both have been on the downward trend dropping ~10% during the period. Of course, this comparison is not related as one is related to the sub-prime housing collapse and the other is related to a bitter winter, but both trends do cause a great deal of misery to Iowans! With the stock market set to tank today, temperatures are expected in the teens with perhaps one more really cold night this week before a warm up in time for the weekend. Perhaps the stock market will recover by then as well!

Voting:
Good = 28
Bad = 8

Tags:   stockmarket