Sunday, September 27, 2015
Stock Market Going Down, Gold Chop Continues / Stock-Markets / Stock Markets 2015
Two weeks ago, I warned that September 17th would be a critical date: the perfect storm coming together with Mercury going retrograde and Jupiter opposing Neptune on the date that the FED announces its intents regarding interest rates. I also warned that gold stocks would take a dip into September 22/23.The stock market as measured by the S&P 500 made its low on Sept 24 falling over 111 points in one week (down over 5%) and gold stocks made their low on September 23 (down over 10%). Now we have Pluto going direct while the super moon eclipses on September 27. The set up is there for a huge rally in stocks on September 28 (to knock out the shorts) followed by a sharp drop into October 5th (especially after September 29/30). Gold stocks should rally into September 30 and then fall hard to new lows into October 5/6.
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Sunday, September 27, 2015
A Look At The Dow Jones Industrial Average - Hauntingly Familiar / Stock-Markets / Stock Markets 2015
Just as it did exactly 4-months following its print high in October of 2007, the Dow (within the few trading days remaining in September) is once again on path to breach its cyclical uptrend from a previous bear market low. Although the outcome may be better or worse this time around, the pattern unfolding is nonetheless hauntingly familiar.
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Sunday, September 27, 2015
Stock Trade-of-the-Week: JP Morgan Chase & Co. (JPM/PM) / Companies / Banking Stocks
Company Profile: JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management.
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Sunday, September 27, 2015
Stock Market Primary Wave IV Inflection Point / Stock-Markets / Stock Markets 2015
The market started the week at SPX 1958. After a short-lived gap up opening on Monday to SPX 1980 the market headed lower into Thursday when hitting SPX 1909. Then after a morning low the market rallied into Thursday’s close and gapped up on Friday to hit SPX 1953. If that wasn’t enough, the market then dropped to SPX 1922 before rallying to close the week at 1932. For the week the SPX/DOW were -0.9%, the NDX/NAZ were -2.6%, and the DJ World index was -2.3%. On the economic front, reports for the week were mixed. On the uptick: Q2 GDP, consumer sentiment, the WLEI, new home sales and the FHFA. On the downtick: GDPN, durable goods, existing home sales and weekly jobless claims were higher. Next week, a busy schedule, will be highlighted by monthly Payrolls, the PCE and the Chicago PMI.
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Saturday, September 26, 2015
Coffee Price Surges / Commodities / Coffee
Previous analysis outlined that while price was in a potential bottoming zone, without any signs of price turning back up then further downside must be favoured. That changed today in a big way. Let's see exactly what that is beginning with the daily chart.
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Saturday, September 26, 2015
The Most Interesting Story In Gold / Commodities / Gold and Silver Stocks 2015
Or: Gold Miners’ Doom Is Streaming Companies’ Boom.
The gold and silver miners are in crisis, as metal prices hover around break-even for many and capital dries up for most. Dozens of companies are one or two quarters away from running out of cash and closing down, and their executives are ready to deal.
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Saturday, September 26, 2015
Violent Stock Market....Fed Tries To Protect Those 401K's... / Stock-Markets / Stock Markets 2015
Ms. Yellen knew she made a terrible mistake last week by not raising rates. She made a speech to the world last night and did her best to correct that error in judgment. She said she would be raising rates this year. The banks would be the biggest beneficiary in that scenario, and it was a way to bring the averages up. It worked early on today as those futures exploded higher and held for the most part allowing a large gap up that started to run. And then it stopped running and went into reverse. A massive quick move down had the Nasdaq down over 100 points from its intraday high at one point before bouncing some. It was very ugly for the market overall. The market is unable to find leadership in enough areas to hold things up. Biotech stocks are in a strong bear market, with one after another falling hard day after day.
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Saturday, September 26, 2015
3 Ways the Elliott Wave Principle Enhances Your Trading / InvestorEducation / Elliott Wave Theory
Learn practical ways in which Elliott wave analysis sets you apart from the herd
In this new interview, the head of Elliott Wave International's Educational Resources, Wayne Gorman, tells you about 3 practical benefits of trading with the Elliott Wave Principle: setting realistic price targets, finding ideal entry points -- and squeezing the most out of the trend.
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Saturday, September 26, 2015
The Two Real Reasons Crude Oil Prices Are Currently Slipping / Commodities / Crude Oil
Each week, the report tells us what the crude oil and oil product markets looked like as of the previous Friday. It is usually the yardstick by which analysts appraise everything from oil supply through refinery utilization to the markets for processed products such as gasoline, diesel fuel, and low sulfur content heating oil.
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Saturday, September 26, 2015
The Road to Tech Stocks Wealth Begins With These 3 Plays / Companies / Tech Stocks
Michael A. Robinson writes: Last week, I responded to your questions asked about tech investing.
But there was one question I decided to save because it deserves its very own conversation. It comes from “Gwynne B,” who describes herself as being 70 years old and an investing “true novice” -and wants to know how to get started as a tech investor
I get this question all the time from everyone from college students to retirees.
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Friday, September 25, 2015
Central Banks Don't Dictate Interest Rates / Interest-Rates / Central Banks
According to mainstream thinking, the central bank is the key factor in determining interest rates. By setting short-term interest rates the central bank, it is argued, through expectations about the future course of its interest rate policy influences the entire interest rate structure. (According to expectations theory (ET), the long-term rate is an average of the current and expected short-term interest rates.) Note that interest rates in this way of thinking are set by the central bank, while individuals in all of this have almost nothing to do and just mechanically form expectations about the future policy of the central bank. (Individuals here are passively responding to the possible policy of the central bank.)
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Friday, September 25, 2015
The Simplest, Most Effective Strategy For Getting Wealthy in Hi-Tech Today / Companies / Tech Stocks
That’s simply not true.
In fact, simple is always better… and potentially one whale of a lot more profitable, too.
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Friday, September 25, 2015
Donald Trump Is Dead Wrong - Fact or Opinion? / ElectionOracle / US Presidential Election 2016
Alexander Green writes: Donald Trump believes foreign competitors are leaving America in the dust. He says they “are killing us.”
My column rebutting this charge ranked among the top Google News articles yesterday.
But it prompted a sharp response from some quarters.
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Friday, September 25, 2015
How to Force Your Boss to Give You a Pay Rise / Personal_Finance / Wages
Mark Ford writes: Over the years, I've had the awkward duty of declining raises to dozens of employees.
Most of them simply sulked and disappeared. But a few of them took the experience as a wake-up call and fought back.
They didn't see themselves as losers, and they weren't going to let me view them that way, either.
If you get turned down for a raise, arguing with your boss won't do you any good.
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Friday, September 25, 2015
Gold’s Dead Wrong Psychology / Commodities / Gold and Silver 2015
Gold has lapsed deeper into pariahdom this year, becoming the most-hated investment class in all the markets. Traders are avoiding it like the plague, utterly convinced gold is doomed to spiral lower perpetually. But this wildly-bearish psychology is dead wrong. Financial markets are forever cyclical, and gold is no exception to history’s ironclad rule. The best time to be heavily long anything is when few others are.
Gold’s universal disdain today is the natural result of dismal price action. This precious metal has not seen a new secular high since August 2011, 4.1 years ago. Between that latest bull-market peak and early August 2015, gold fell 42.8% in a brutal secular bear market. With the flagship S&P 500 stock index up 86.8% over that same span, it’s easy to understand why many consider gold the worst investment.
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Friday, September 25, 2015
SPX is Abount to Begin its Strongest Decline Yet / Stock-Markets / Stock Markets 2015
Good Morning!
A visit to the cardiologist resulted in an overnight stay at the hospital. I was experiencing vertigo and the doctors have been trying to pinpoint the source. I may be in for another night, so my email will be brief.
The plunge hasbegun and there is now enough information to identify the pattern. This may be safely called an Intermediate degree Wave (C) of a Primary ‘degree Leading Diagonal Wave [1].
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Friday, September 25, 2015
The Fed’s Alice In Wonderland Economy - What Happens Next? / Interest-Rates / US Federal Reserve Bank
By Nick Giambruno
After the president of the United States, the most powerful person on the planet is the chairman of the Federal Reserve.
Ask almost anyone on the street for the name of the U.S. president, and you’ll get a quick answer.
But if you ask the same person what the Federal Reserve is, you’ll likely get a blank stare.
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Friday, September 25, 2015
No U.S. Interest Rate Hike Until 2017, It’s Always 1982 Somewhere / Interest-Rates / US Interest Rates
By Jared Dillian
First, let’s get the gloating out of the way. I said that the Fed would not hike rates here and here. Nobody likes a chest pounder, so that’s the end of the discussion.
So now, what is the trade? Not only did the Fed not hike rates, but the directive was so dovish, it was far outside the range that any reasonable person thought was possible. Should be bullish, right?
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Friday, September 25, 2015
Silver: Victim of Motive, Means, and Opportunity / Commodities / Gold and Silver 2015
Silver gets little respect, but that is sensible in a world dominated by paper assets and pretend values. Similar to a murder investigation, let’s examine the motive, means and opportunity used to “manage” silver prices.
MOTIVE: The price of silver is important to industrial users, since there are thousands of uses for silver, many of which have no alternative except silver. If the price of silver rises too rapidly, people notice. Worse, a price rally in silver probably will spread to the gold market, which is watched globally by banks, institutions, and people. A rapidly rising price of gold informs the world that central banks are “printing” to excess, governments are creating too much debt, and the financial elite are mismanaging by “skimming” too much from the global economies. A rising gold price is worrisome to many.
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Friday, September 25, 2015
U.S. Housing Market Two Outs in The Bottom of The Ninth / Housing-Market / US Housing
The housing market peaked in 2005 and proceeded to crash over the next five years, with existing home sales falling 50%, new home sales falling 75%, and national home prices falling 30%. A funny thing happened after the peak. Wall Street banks accelerated the issuance of subprime mortgages to hyper-speed. The executives of these banks knew housing had peaked, but insatiable greed consumed them as they purposely doled out billions in no-doc liar loans as a necessary ingredient in their CDOs of mass destruction.
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