Tuesday, June 27, 2017

Crude Oil In A New Bear Market? / Commodities / Crude Oil

By: Chris_Vermeulen

The newest bear market is in crude oil. The definition of a bear market is when an ‘asset class’ is down more than 20% from its recent high: (Bear Market Rally Definition Investopedia).  It has been more than five years since the market fell so hard so fast from its’ high. Two months later, it was even lower. During the past 20 years, the SPX has struggled when oil fell into a bear market!

Tuesday, June 27, 2017

US Bonds and Related Market Indicators / Interest-Rates / US Bonds

By: Gary_Tanashian

Excerpted from the June 25 edition of Notes From the Rabbit Hole, which also included comprehensive analysis of US and global stock markets, commodities, precious metals and stock charts galore (with the Market Internals segment, in particular, having evolved into what I find to be a must-have guide).

TLT is now a buck from its target of 129. Tell me, where is all that mania about rising interest rates and the likes of the “R.I.P. Bond Bull Market” headlines (Bloomberg called the bottom almost to the day with that Louise Yamada hype). Now a mature bounce labors on. 129 does not need to stop the move, but it’s a long-standing marker, so…

Tuesday, June 27, 2017

Stocks At Record Highs: Market Sentiment Still Bullish / Stock-Markets / Stock Market 2017

By: Paul_Rejczak

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

Tuesday, June 27, 2017

Is There Still Hope For Higher Oil Prices? / Commodities / Crude Oil

By: OilPrice_Com

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared. All signs point to a period of “lower for longer” for oil prices, a refrain that is all too familiar to those in the industry.

WTI dipped below $44 per barrel on Tuesday, and the bearish indicators are starting to pile up.

Libya’s production just topped 900,000 bpd, a new multi-year high that is up sharply even from just a few weeks ago. Libyan officials are hoping that they will hit many more milestones in the coming months. Next stop is 1 million barrels per day (mb/d), which Libya hopes to breach by the end of July.

Tuesday, June 27, 2017

Stock Market Running Out of Steam / Stock-Markets / Stock Market 2017

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend: Uptrend continues with a serious loss of upside momentum in weekly indicators.

SPX Intermediate trend: An ending-pattern appears to be forming.

Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.

Monday, June 26, 2017

... / Commodities / Gold and Silver 2017

By: OilPrice_Com

Monday, June 26, 2017

Increased Choice in UK Credit Impaired Subprime Mortgages / Housing-Market / Mortgages

By: MoneyFacts

While the subprime market all but died out after the financial crisis, the latest figures from moneyfacts.co.uk show that credit impaired mortgages are starting to make a comeback, with the number of credit impair deals having increased by 167 products in the past quarter.

Monday, June 26, 2017

EURGBP Is Facing Neckline Resistance / Currencies / Euro

By: Franco_Shao

EURGBP’s bullish movement from the April 18 low of 0.8313 extended to as high as 0.8866. After touching the resistance of the January 16 high of 0.8851, the pair pulled back and formed a sideways movement in a trading range between 0.8719 and 0.8866.

Monday, June 26, 2017

Gold & Gold Stocks Nearing a Big Move / Commodities / Gold and Silver 2017

By: Jordan_Roy_Byrne

Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself. We cannot know for sure yet but what we can say is precious metals are nearing a big move. Gold and gold stocks have traded in tight ranges which will compress further while volatility indicators approach multi-year lows. This is the setup for a break and then a powerful move with increasing momentum and volatility.

Monday, June 26, 2017

Crude Oil Trade & Nasdaq QQQ Update / Stock-Markets / Financial Markets 2017

By: Plunger

I would like to put out a short update on the oil market and my view of the QQQs being a proxy for the Hi-Tech end of the market. With the hard sell off in the oil market of this week this would seem a logical place to give it a rest and for a short seller to step over to the sidelines for a while. Anytime the market has gotten itself to this level of being oversold we have seen a rip to the upside.

One of the keys to being a successful short seller is to know when its time to press ones bet. Extended moves to the downside come from oversold levels and I am going to show you why I believe we may have further to go to the downside before this current move is over.

Sunday, June 25, 2017

Gold and Silver Ongoing Consolidation May End Soon / Commodities / Gold and Silver 2017

By: The_Gold_Report

Technical analyst Jack Chan charts the latest moves in the gold and silver markets, and believes the ongoing consolidation may end soon.

Our proprietary cycle indicator is down.

Sunday, June 25, 2017

Gold and GDX Update / Commodities / Gold and Silver 2017

By: SurfCity

From Venice… closes above the 10ema which is a good first step, IMO.

Sunday, June 25, 2017

Dollar May Become “Local Currency of the U.S.” Only / Currencies / US Dollar

By: MoneyMetals

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Coming up we’ll hear part one of an amazing two-part interview with Jim Rickards, author of Currency Wars, The New Case for Gold and The Road to Ruin. Jim shares his insights on the Fed’s supposed plan to unwind its balance sheet and what it will mean for the economy and for gold prices. He’ll discuss some potential fireworks involving the U.S. dollar as it continues losing its reserve currency status. Don’t miss a must-hear interview with Jim Rickards, coming up after this week’s market update.

Saturday, June 24, 2017

Sheffield Great Flood of 2007, 10 Years On - Unique Timeline of What Happened / Local / Sheffield

By: N_Walayat

It is now 10 years since the Sheffield Great Flood of June 2007 that split the city in two and claimed 2 lives, doing much damage to over 2000 properties that lined the river bank that runs through the the whole city from Totley in the South to Meadowhall in the North, many suffering major flood damage, and here's a unique time line of what happened before, during and after in June 2007.

Saturday, June 24, 2017

US Stock Market Correction Could be Underway / Stock-Markets / Stock Market 2017

By: Tony_Caldaro

The market started the week at SPX 2433. After a gap up opening on Monday, and a new all-time high to SPX 2454, the market pulled back to 2431 by Wednesday. After a rally to SPX 2442 on Thursday the market pulled back to 2431 again on Friday. Then ended the week at SPX 2438. For the week the SPX/DOW gained 0.15%, and the NDX/NAZ gained 1.95%. Economic reports for the week were slightly positive. On the downtick: weekly jobless claims and the WLEI. On the uptick: existing/new home sales and leading indicators. Next week’s reports will be highlighted by the Q1 GDP update and the Chicago PMI.

Saturday, June 24, 2017

High Tech Is Born In War, Not Silicon Valley / Companies / Technology

By: John_Mauldin

BY GEORGE FRIEDMAN : Technology is a major foundation of national power. Technologies that define an era usually come from a major geopolitical power. Its uses are obvious.

For example, Roman engineering helped shape the Mediterranean world. British technology created and sustained the industrial revolution.

These empires could absorb the cost of innovation because they had the money to do so. They also knew it would only reinforce their power. And because technologies are meant to reinforce power, even the most benign were invented for military purposes.

Saturday, June 24, 2017

The Swiss National Bank Owns $80 Billion in US Stocks—Here’s the Catch / Stock-Markets / Stock Market 2017

By: John_Mauldin

Switzerland is a small country of just 8 million people, but they make an outsized impact on economics and finance and money.

Because Switzerland is considered a safe haven and a well-run country, many people would like to hold large amounts of their assets in the Swiss franc. This makes the Swiss franc intolerably strong for Swiss businesses and citizens.

So the Swiss National Bank (SNB) has to print a great deal of money and use nonconventional means to hold down the value of their currency. Their overnight repo rate is -0.75%.

Saturday, June 24, 2017

Proof That This Economic Recovery Narrative is False / Economics / US Economy

By: Sol_Palha

A hallucination is a fact, not an error; what is erroneous is a judgment based upon it. Bertrand Russell

The financial media has provided reams of data trying to lay out the case that this economic recovery is real. Many of the statistics provided do indeed support the theme that the outlook is improving.  One must, however, keep these two facts in mind when looking at the data:

• The Fed poured huge amounts of money into this market.  Minus the money, this so-called economic recovery would have never come to pass
• Due to the low-interest rate environment, corporation borrowed money on the cheap and poured billions into share buybacks since the crash of 2009.

Saturday, June 24, 2017

Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off / Personal_Finance / ISA's

By: Nadeem_Walayat

According to the mainstream press there are emerging signs of life in the UK savings markets as the new tax year has kicked into gear, finally offering some hope to Britain's savers after a near 5 years of a catastrophic downward death spiral in UK interest rates, one of being ripped off by the tax payer bailed out banking crime syndicate that for the duration has continued to bank bonuses on the basis of artificial profits engineered by the Bank of England in an attempt at recapitalisng the bankrupt banks all whilst the savers continue to suffer and pay the price in terms of loss of purchasing power of savings by means of sub inflation interest rates.

Friday, June 23, 2017

Gold Summer Doldrums / Commodities / Gold and Silver 2017

By: Zeal_LLC

Gold has spent most of June grinding lower on balance, damaging sentiment and vexing traders.  Usual selling leading into the Fed’s latest rate hike contributed, but the summer doldrums are also in play.  Gold has typically suffered a seasonal lull this time of year, on waning investment demand as vacations divert attention from markets.  But these summer doldrums offer the best seasonal buying opportunities of the year.

This doldrums term is very apt for gold’s summer predicament.  It describes a zone in the world’s oceans surrounding the equator.  There hot air is constantly rising, creating long-lived low-pressure areas.  They are often calm, with little or no prevailing winds.  History is full of accounts of sailing ships getting trapped in this zone for days or even weeks, unable to make any headway.  The doldrums were murder on ships’ morale.