Monday, June 13, 2016

Stock Market Overhead Resistance Prevails / Stock-Markets / Stock Markets 2016

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend: A lengthy correction is most likely underway!

SPX Intermediate trend: Overhead resistance appears to have prevailed and turned prices short of making a new high.

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 13, 2016

The BrExit Game - Boris Johnson LEAVE vs David Cameron REMAIN Propaganda Zombies / ElectionOracle / EU_Referendum

By: Adnaan_Walayat

Here is our fun to play and highly addictive FREE 'The BrExit Game', a special EU referendum first person shooter featuring BrExit hero Boris Johnson doing battle against a horde of David Cameron zombies, battling for votes by defeating the propaganda zombies and accruing activists so as to buy votes gaining fire power and to unlock and explore more areas of the electoral map.

Sunday, June 12, 2016

Free Trade, Brexit, and the WTO / ElectionOracle / EU_Referendum

By: MISES

Carmen Elena Dorobăț writes: The debate surrounding the EU referendum in Britain, scheduled in two weeks, and the fate of the UK outside of the EU, is now in full swing. Unsurprisingly, little of substance has been said so far on the issue. One would expect that both sides would be better prepared with arguments to support their cause, but many aspects discussed have not only been erroneous, but have appealed to people’s fear rather than their intelligence. Both the Remain and the Leave camps have failed to show how either decision would enhance economic and political freedom; instead, they have tried to one-up each other in the preservation and growth of the existing welfare state, military complex, and bureaucratic apparatus.

Sunday, June 12, 2016

What Makes Venezuela Different / Politics / Venezuela

By: MISES

Ryan W. McMaken writes: Unlike other leftist South American regimes, the Venezuela regime has intentionally crushed even the middle and working classes.

The economic disaster in Venezuela has prompted many to take a look at the country and attempt to understand what it is that has made things so bad in Venezuela. 

Sunday, June 12, 2016

NYA/TLT 2y, Weekly Chart & Analysis - Bearish View / Stock-Markets / Stock Markets 2016

By: Joseph_VanDerveer

Chart below shows a comparison of up-trending TLT and down-trending NYA.  I would like to point out the two TLT spikes and lows in the market indicated by the 2 gray vertical boxes.  With that in mind, TLT looks to be breaking to the upside with a weekly close higher then previous and mid channel resistance.

Sunday, June 12, 2016

Real EU Immigration into UK DOUBLE ONS Statistics - National Insurance No's / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

The mainstream press has belatedly been waking up to the fact that the UK governments official migration statistics compiled by the ONS under report real permanent immigration from the EU by at least 50% per year! For instance ONS EU immigration stats since 2011 saw a net 1.1 million european union migrants permanently settle in the UK. However during this same time period 2.2 million National Insurance numbers were issued to european migrants. I have been flagging this huge persistent disparity in numbers for several years now that illustrates that the official immigration statistics just cannot be trusted!

Sunday, June 12, 2016

EU Referendum Forecast, REMAIN Panics on BrExit LEAVE Shock 10 Point Lead / ElectionOracle / EU_Referendum

By: Nadeem_Walayat

The REMAIN camp has been thrown into a state of PANIC as the latest opinion poll now puts LEAVE in a 10 point lead. The opinion poll by ORB for The Independent puts LEAVE on 55% and REMAIN on 45%, which compares against an ORB poll of just a week ago that had REMAIN ahead on 52% against LEAVE on 40% and 8% undecided.

So clearly the REMAIN campaigns 'operation fear' has failed that saw establishment voices spelling out Brexit disaster on a daily basis from the Bank of England to billionaires to politicians with their snouts in Brussels trough, to even President Obama making a panic visit to preach to the British people to STAY within the European Union as being in the best interests for America, all of which has apparently had the OPPOSITE effect as LEAVE's dad army-esk campaign headed by Boris Johnson and Michael Gove has managed to successfully repel the Euro-phile attacks.

Saturday, June 11, 2016

US Rapidly Approaching Recession, Best Stocks Trade Setup in 8 Years is Back! / Stock-Markets / Stock Markets 2016

By: Graham_Summers

The US is now rapidly approaching, if not already in a recession.

The media likes to talk about unemployment. But the unemployment rate is so gimmicked to make the economy look strong, that even THE FED had to create its own employment metric.

When even the Fed calls out data for being phony, you know it’s complete fiction.

Saturday, June 11, 2016

Senators Embedded Within a Brain Fog / Politics / US Politics

By: Walter_Brasch

The U.S. Senate—under the leadership of Mitch McConnell who once said his primary mission was to see that the Senate didn’t agree with anything President Obama said or did, and to limit him to one term—continues to be one of the nation’s leading obstructionists. This time, the Senate isn’t meeting to advise or consent to the President’s nomination of Chief Judge Merrick Garland to the Supreme Court.

Garland was valedictorian in his class at Harvard College and a magna ***** laude graduate from the Harvard law school. He worked in the Department of Justice before becoming the chief judge on the D,C. Court of Appeals, having been confirmed by the Senate, March 1997.

Saturday, June 11, 2016

Who Shall Wear The Robe And Crown? / Politics / Social Issues

By: Raul_I_Meijer

I was going to take a day off today, partly because a kind Automatic Earth reader in Athens insisted on taking me out to lunch, partly because I need a break, and partly because the Financial Times complained about their inclusion in my Debt Rattles, which makes me think about the whole thing. Nothing bad about that. Think is good.

Saturday, June 11, 2016

US Equity Uptrend Continues / Stock-Markets / Stock Markets 2016

By: Tony_Caldaro

The week started off at SPX 2099. On Monday, Tuesday, and Wednesday the market moved higher, without dropping below SPX 2099, and hit SPX 2121. Then on Thursday and Friday the market pulled back to SPX 2090, before ending the week at 2096. For the week the SPX/DOW were -0.25%, and the NDX/NAZ were -1.0%. Economic reports for the week were light and mixed. On the downtick: investor holdings, consumer credit/sentiment. On the uptick: wholesale inventories, plus weekly jobless claims and the budget deficit improved. Next week will be highlighted by the FOMC meeting, and Industrial production.

Saturday, June 11, 2016

Why Samsung Is Not Buying Silver - REDUX / Commodities / Gold and Silver 2016

By: Dr_Jeff_Lewis

Actually… that old headline above is not quite accurate.

However, the implications have not changed - and could be playing out as I write this.

(Silver, despite bearish COMEX positioning, has broken out of a key moving average and seems to be accelerating…)

Samsung, the giant electronics conglomerate, formed an agreement with Avino Silver and Gold Mines Ltd. in July 2015.

Saturday, June 11, 2016

Last ONS UK Migration Statistics Before EU Referendum Leave or Remain Vote / ElectionOracle / Immigration

By: Nadeem_Walayat

The latest ONS data release continues to show an ACCELERATION in the rate of immigration into Britain with net migration of +333k in the year to December 2015 added to Britain's population, an INCREASE of 20k on the preceding year which illustrates that immigration is STILL ACCELERATING. Which literally translates into a DAILY flood of near 1000 people turning up on Britain's shores and demanding housing, education, school places, jobs and benefits such as tax credits, housing and child benefits, health & social services that have been buckling and breaking as illustrated by social housing that in most cities has been in a state of total paralysis for many years now.

Saturday, June 11, 2016

Walkers Crisps Spell and Go K,C,D Holiday Wins After 200 Codes / Letters? / Personal_Finance / Freebies and Comps

By: Anika_Walayat

We are now 50 days into the Walker’s Crisps 'Spell and Go' promotion, at the halfway mark and we have now entered over 200 codes for over 200 letters. So we have lots and lots of letters, but have we finally actually gotten one of the scarce winning letters K,C or D. Find out in our latest video in this series, so that you too can understand what the actual real world chances are of winning a holiday against that implied by the sales pitch of having a 26-1 chance of getting a winning letter.

Saturday, June 11, 2016

Final Top Of US Bond Bull Market Set For 3rd Qtr of 2016 / Interest-Rates / US Bonds

By: Austin_Galt

The 30 Year US Treasury Bond market has been trending up since 1981. This massive bull market is set to reach its conclusion next quarter if my analysis is correct.

Let's analyse the technicals of both price and yield of the 30 Year US T-Bond. We'll begin with the longer term quarterly chart of price.

Saturday, June 11, 2016

Stock Market Headwinds At 2116......Some Key Sectors Quit At Long-Term Down Trend Lines..... / Stock-Markets / Stock Markets 2016

By: Jack_Steiman

It was a very interesting week. The banks had started to lead higher some weeks back when it was considered a slam dunk that the Yellen would raise rates at the June meeting coming up next week. Then the market got hit with a negative surprise with the Jobs Report that came in roughly 130,000 jobs short. Smart money recognized that the rate hike was off the table for June, and, thus, rates started to fall. The banks hit its long-term, down trend line, and instead of breaking through, it turned and headed south. Too many economic negatives to make a clean breakout, which would have likely led to the S&P 500 challenging the old highs at 2134. It was a real slap in the face to the financials, and that carried over to the rest of the market as this week came to an end.

Friday, June 10, 2016

Gold Stocks Retreat at Resistance / Commodities / Gold and Silver Stocks 2016

By: Jordan_Roy_Byrne

Over the past two weeks gold stocks have surged more than 20% as the awful jobs report forced the bears to capitulate. That strong of a move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks touched resistance Friday morning which led to a bearish reversal. While the bullish trend remains intact, the odds favor lower prices in the days ahead.

Friday, June 10, 2016

SPX is probing lower / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

I’m switching to an hourly chart to zero in on what is hanging up the decline in SPX. The culprit is a Short-term support/resistance line at 2099.86. The decline appears to be resuming after a bounce from that support zone.

The primary view is that SPX may bounce from one of the trendlines this afternoon to complete Wave [i].

Friday, June 10, 2016

Massive Gold Stock Investment Buying / Commodities / Stock Markets 2016

By: Zeal_LLC

Gold’s strong gains so far this year have been overwhelmingly fueled by one dominant driver, massive investment buying.  After shunning prudent portfolio diversification with gold for years, investors are finally starting to reestablish those essential positions.  And since their collective gold holdings were so incredibly low heading into 2016, reflecting hyper-bearish sentiment, gold’s investment buying has only begun.

Friday, June 10, 2016

Stock Market Risk off / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

Good Morning!

SPX Premarket now appears to be beneathits round number support at 2100.00. Should the sell-off continue, it opens the door to test the trendlines at 2085.00 later today.