There is an Industry called “Chinese Burritos”?

That might explain a few things…

OEW Weekly Update: http://caldaro.wordpress.com/2012/03/03/weekend-update-334/

LT: “Our weekly chart displays our OEW count and a couple of our technical indicators. Notice the RSI displays our current uptrend is quite overbought, and the MACD is solidly over neutral and rising. These are signs of a bull market unfolding. Our OEW count suggests the market is in Cycle wave [1] of multi-generational Supercycle wave 3. Primary waves I and II have completed, of the five Primary wave bull market, and Primary wave III has been underway since the October 2011 low. With all four US major indices at new bull market highs the bull market scenario continues to be confirmed. Currently we expect this bull market to top out around the October 2007 highs, or higher, by the second half of 2013.”

http://caldaro.files.wordpress.com/2012/03/spxweekly.png

MT: “SPX has been in Minor wave 5, of this five wave uptrend, since the 1300 Minor wave 4 low at the end of January. Fibonacci relationships suggest the next level of resistance is at SPX 1381, (Minor 5 = 0.618 Minor 3). Then resistance appears at SPX 1408, (Minor 5 = Minor 1), and SPX 1432, (Minor 5 = Minor 3). Our OEW pivot cluster at 1363, 1372 and 1386 has held this market in check for the last couple of weeks. Should the market exceed the 1386 pivot, (SPX 1394), there is no pivot resistance until 1440. And, we would be likely looking at a Major wave 3 uptrend then, instead of our current Intermediate wave i uptrend. The DOW charts displays this possibility.”

http://caldaro.files.wordpress.com/2012/03/spxdaily.png

ST: “We have been counting this uptrend as Intermediate wave i of Major wave 3 since its beginning. Minor wave 1 was labeled at SPX 1267, Minor 2 at SPX 1202, Minor 3 at SPX 1333, Minor 4 at SPX 1300, and Minor wave 5 underway since then. Since Minor wave 3 was longer than Minor 1, (131 vs 108 points), Minor wave 5 can end at any length. It is currently 78 points, (1300-1378). The wave count within Minor 5 started off quite clean, but after the SPX 1354 high it has become quite choppy.

While the OEW pivot cluster has contained this market for the past couple of weeks. There is also a rising trend line which as contained this uptrend since its beginning. This is posted on the hourly chart. Should the market break through this trend line, and clear the OEW 1386 pivot, an uptrend extension to the OEW 1440 pivot is likely underway. Should the market trade below SPX 1355 a potential down trend is underway.”

http://caldaro.files.wordpress.com/2012/03/spxhourly.png

COMMODITIES:

“Bonds are currently down trending but gained 0.1% on the week. 10 YR yields are up trending but remains range bound between 1.8% and 2.1%.

Crude had a volatile week losing 2.5% after posting a new uptrend high at $110.55.

Gold made a new uptrend high on Tuesday at $1793, then dropped to $1688 the following day. For the week it had a 3.5% loss. It certainly appears to be down trending now with support between $1640 and $1680.

The USD started to rally around mid-week, is close to confirming a new uptrend, and gained 1.3% on the week. The EUR lost 1.9%, and the JPY lost 0.9%.”

China slowing down their growth rate to 7.5%.
US hoping to grow at 2.5% rate. EU hopes to stay above the equator.