Tuesday, August 16, 2016
Stocks Bulls Relentless... No Thrust...Grinding Higher... / Stock-Markets / Stock Markets 2016
You have to hand it to the bulls. They are a relentless group that never wants to throw those bears a bone. They're getting a bit selfish aren't they? I mean, come on, every once in a while, the bears have to get some love. Don't they?! The news overseas on the economic front over the weekend wasn't good, yet, even though some foreign markets were down, our futures seem to know of only one direction. The low of the day was the open, but overall the S&P 500 traded in only a seven-point range for the entire day. When the VIX gets this low it's harder for the market to flash major-league volatility. It gets a bit boring, for sure, but that's the price you pay for increasing froth, which is clearly what's taking place here.
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Tuesday, August 16, 2016
Don’t Expect a Return to a Gold Standard Any Time Soon / Commodities / Gold and Silver 2016
Despite trillions of paper currency units poured into the world economies since the start of the financial crisis, there has been no recovery, in fact, all legitimate indicators have shown worsening conditions except, of course, for the pocketbooks of the politically -connected financial elites. Yet, despite the utter failure of the current money and banking paradigm to resolve the situation, the chance of a return to a commodity based monetary order is highly unlikely especially when one looks at the anti-gold bias found in typical college economics textbooks.
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Tuesday, August 16, 2016
Gold Bull Market Correction - Not an If But When / Commodities / Gold and Silver 2016
Technical analyst Jack Chan charts indicators that confirm both the gold bull market and an impending correction.
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Tuesday, August 16, 2016
Even Hedge Funds Can’t Understand Today’s Manipulated Markets / Stock-Markets / Hedge Funds
One of the big surprises of the past few years is the number of brand-name hedge funds reporting terrible results. Their customers are not amused:
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Tuesday, August 16, 2016
Stock Market S&P 500 Down 10% into Early September? / Stock-Markets / Stock Markets 2016
The chart below shows the weekly SPX since late 2008 to the current. According to my calculations, Wave Y of a WXY “Y” of B WAVE terminated at 2168/69 on July 14. Everything after that has been irregular and part of wave X of “Z” into November 21. Wave X is being subdivided xyz and y of that wave terminated today at 2193/94.
My down side target is near 1970 by Sept 9, with the big wave down “c”of Z from the solar/new moon eclipse top of Sept 1 to the expected ten week low of September 9. After that, a new high around October 17 near 2241 and then down into the November 21 expected low near 1638.
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Tuesday, August 16, 2016
Learn "The 4 Best Elliott Waves to Trade -- and How to Trade Them" / InvestorEducation / Elliott Wave Theory
Dear Trader,
You have a free, knowledge-packed opportunity to learn how to spot high-confidence trade setups in market charts you follow every day.
On August 17-23, our partners at Elliott Wave International (EWI) are hosting a free 5-day trading event, "The 4 Best Elliott Waves to Trade -- and How to Trade Them." During this free event, each day you'll get new video lessons on topics like these:
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Monday, August 15, 2016
Stock Market Bears Turning Bullish At New All Time Highs - Time to Get Worried? / Stock-Markets / Stock Markets 2016
The relentlessly bullish grind higher in the face of year long mantra of perma-doom, collapse, crash or worse is once more seeing stocks setting a series of new all time highs. Even today, as I write the Dow is trading AT a new all time high of 18,665! So what is it that could derail the mother of all stocks bull markets? Or at least suggest a significant correction was just around the corner?
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Monday, August 15, 2016
Job Seekers Sacrificed to the Inflation Gods / Economics / Inflation
Our Federal Reserve is composed of labor market economists who place their faith in the theory that inflation is spawned from too many people working. They believe there is a trade-off between employment and prices, where price stability and full employment cannot exist peacefully together the same time.
Given this view, the Fed’s maximum employment and stable inflation mandates are played as a zero-sum game--the lower the unemployment rate the higher the rate of inflation. Therefore, they set about to fulfill this task of low inflation as though it were a sort of Ancient Mayan sacrificial system: ceremonially counting how many job seekers need to be sacrificed on the altar of labor slack to placate the inflation gods.
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Monday, August 15, 2016
Stocks Remain Close To New Record Highs, Will They Continue Higher? / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is now 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
Monday, August 15, 2016
Globalization 2.0 Is Coming to an End / Economics / Global Economy
I’m not the only free trader who is having second thoughts. Stephen Roach, formerly chief economist at Morgan Stanley, wrote:
Recent trends in global trade are also flashing warning signs. According to the International Monetary Fund, annual growth in the volume of world trade has averaged just 3% over the 2009–2016 period—half the 6% rate from 1980 to 2008. This trend reflects not only the Great Recession, but also an unusually anemic recovery. With world trade shifting to a decidedly lower trajectory, political resistance to globalization has only intensified.
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Monday, August 15, 2016
Why Protectionism Won’t Save Unskilled Labor / Economics / Employment
I just read a policy paper from the German Marshall Fund of the United States. It defends the present trade model. The authors do a good job, but in the process, they describe the problem.
Take a look at this part. (I bolded a few key points.)
The global economy is no longer about making a product in one country, and shipping and selling it somewhere else. It is about complex supply chains that weave together activities all over the globe, supported by investment, technology, and skills that know no borders.
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Monday, August 15, 2016
Here’s How Millennials Can Weather the Perfect Storm / Politics / Pensions & Retirement
BY PATRICK COX : Millennials are struggling. We see it in the media every day. About 45% of Millennial college grads are working low-wage, dead-end jobs and have record levels of student debt. The number of young people making less than $25,000 per year is higher now than at any time in the last 25 years.
Boomers and Gen-Xers like to pile on, too. They say young people should be out on their own instead of living at home. They agree that Millennials don’t work serious jobs (if they work at all) and wonder why they put off marriage longer than any generation before them.
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Monday, August 15, 2016
US Presidential Election 2016: Liberty Loses No Matter Who Wins / ElectionOracle / US Presidential Election 2016
For all the hand-wringing about the threat to liberty and constitutional government posed by the major party presidential candidates, there is little discussion of how this threat is due to the political class's long history of supporting expanded presidential power. There is also little talk of how the imperial presidency is just as much a creation of Congress as it is of power-hungry presidents.
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Monday, August 15, 2016
The Central Bank Takeover of Brazil - Video / Politics / Brazil
hi it's monday $MONTH $DAY august 15 2016 monaco 64 here home of alternative
economics and contrarian views this morning I want to talk about the central
bank takeover of Brazil and I guess with the Olympics going on in real right now
it's an interesting subject i was born in Brazil actually in 1964 so that was actually the year as well that there was a military coup in brazil and they overthrew a
democratically-elected president goulart you know when you read through wikipedia
you know the story is that he was left wing and the United States was scared
that he was going to fall into the under the influence of Castro in Cuba and so
the military in Brazil with the help of the United States overthrew his
government around in April April time 1964 so that's the story we're given
that he was a socialist he was gonna you know like take over everything even
though you look at you read about the guy who owned gloire he was actually..
Monday, August 15, 2016
A Look At Commodities and Financial Markets Trading Week Ahead / Stock-Markets / Financial Markets 2016
Symmetry Trader writes: Crude Oil (CLU6) - Our primary trading instrument turned up in a correctional fashion this week.
We look for it to be up for the next couple of weeks. Look for buys at 42.50 and resistance at 47 area
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Monday, August 15, 2016
Stock Market New Top Forming? / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The long-term trend is up but weakening. Potential final phase of bull market.
SPX Intermediate trend: The uptrend from 1810 continues. It could soon enter a corrective phase.
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Sunday, August 14, 2016
Trump on the Stump / ElectionOracle / US Presidential Election 2016
Sunday, August 14, 2016
Taking the Wind out of Trump’s Energy Policy / ElectionOracle / US Presidential Election 2016
Black letters against a yellow background. Black letters against white. White letters against black. On yard signs. On T-shirts. On baseball caps. All with the same message: “Trump Digs Coal.”
Donald Trump says there are “ridiculous regulations [on coal] that put you out of business and make it impossible to compete.” He says if he is president, he would reduce those regulations. Those regulations that Trump doesn’t like are enforced by the Environmental Protection Agency to protect miners and the public.
Sunday, August 14, 2016
Stock Market Final Pop - It Can’t Wait Any Longer – Deja Vu! / Stock-Markets / Stock Markets 2016
The stock market tends to repeat itself on regular bases. Why? Because it moves mainly based on the emotions of market participants, with the exception of extreme times when the masses are moving the market with extreme fear or greed, at which point they are flooding the market with buy or sell orders to create a final pop or drop in the market just before a major market reversal.
As with everything in the universe, everything moves in cycles, periods of expansion and contraction, and there are regular wave-like patterns that happen on a regular basis no matter the time frame one is reviewing on a stock chart.
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Sunday, August 14, 2016
Gold Price is Not Topping / Commodities / Gold and Silver 2016
I’m starting to see a lot of analysts now calling for gold to drop down into a bottom in October. It’s amazing how these guys can consistently get this wrong over and over again. Gold isn’t topping. Gold has been bouncing around in a range for the last 5 weeks giving the 200 day moving average time to catch up to price. Gold won’t top until the dollar cycle bottoms, and that intermediate cycle isn’t due to bottom until late September or early October.
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