Monday, August 03, 2015

Five Currencies' Positioning in One Chart / Currencies / Fiat Currency

By: Ashraf_Laidi

Combining the net speculative futures positions of all 5 major currencies against the USD, we find CHF positioning to remain the only net long against USD, ever since the SNB decision end its EURCHF peg in January. GBP positioning is the only currency to show steady improvement against USD. Currency-by-currency analysis below.

Monday, August 03, 2015

When China Stopped Acting Chinese / Economics / China Economy

By: John_Mauldin

“The one thing I know for sure about China is, I will never know China. It's too big, too old, too diverse, too deep. There's simply not enough time.”– Anthony Bourdain, Parts Unknown

Much of the world is focused on what is happening in Greece and Europe. A lot of people are paying attention to the Middle East and geopolitics. These are significant concerns, for sure; but what has been happening in China the past few months has more far-reaching global investment implications than Europe or the Middle East do. Most people are aware of the amazing run-up in the Shanghai stock index and the recent “crash.” The government intervened and for a time has halted the rapid drop in the markets.

Monday, August 03, 2015

Tesco Bank’s new 3.99% Two-year Fixed Rate Mortgage / Housing-Market / Mortgages

By: MoneyFacts

Below is a new product, which has been rated outstanding by Moneyfacts.co.uk, the highest rating we award.

Tesco Bank has just launched a new two-year fixed rate mortgage priced at 3.99% until 31.10.17. This deal is for applicants who borrow from £40,000 at 95% loan-to-value (LTV). A fee of £495 is payable, all of which can be added to the advance of the mortgage. An incentive package for remortgage customers of free valuation and free legal fees is available.

Monday, August 03, 2015

The Reality of Available Gold and Silver Bullion / Commodities / Gold and Silver 2015

By: Peter_Schiff

Dickson Buchanan writes: The month of July has seen the most intense demand for physical gold and silver since April of 2013, setting numerous records for the year. On the heels of the spectacular drop in spot prices, buyers of physical metal have come out in droves. In fact, available supply is hardly able to keep up with the demand for immediate delivery of metals.

Monday, August 03, 2015

Stock Market Pullback at Hand, Gold About to Rally? / Stock-Markets / Financial Markets 2015

By: Brad_Gudgeon

The stock market likely put in a failing 'b' wave top Friday at SPX 2114.  The attached charts show potential down as low as SPX 1920 for the coming decline into the expected August 11, 2015 low to as high as 2010.  The actual 40 week low is due on August 7, so I don't know if August 7 to 11 creates a double bottom reversal or not.  Usually, these types of bottoms are spike bottoms. 

The last 20 week low in March ran 7 TD's down to its low.  The rise last week reminds me of the late Nov/early Dec topping pattern (only that time it made a new high while this one has failed) and it projects down to August 11 and SPX 1930 based on the percentage differences, this one being 1.69 times as potent.

Monday, August 03, 2015

The Real Message of Plunging Commodities Prices / Commodities / Commodities Trading

By: Michael_Pento

The Chinese stock market recently saw its biggest selloff in 8 years as the dramatic 8.5% fall in Shanghai "A" shares also rattled markets around the world.

For the past few weeks China has been balancing its desire to keep the equity market from a complete meltdown, while still courting the international investment community with hopes of being a dominant player in the capital and currency markets.

Monday, August 03, 2015

Gold – The More Hate, The More Bullish We Become / Commodities / Gold and Silver 2015

By: SecularInvestor

After gold’s breakdown on Sunday July 20th, we have seen an avalanche of negative commentaries. Admittedly, from a chart perspective the breakdown does not bode well. We have to get that straight. The technical breakdown is going to lead the price of gold in US dollar terms towards $1,000 /oz, potentially lower.

But if we compare this breakdown in gold with the one in April and June of 2013, we would say the one from last week is a small dip on the long term chart while the one of 2013 was a real collapse. However, the negativity that was triggered by the latest small price drop is much stronger.

Monday, August 03, 2015

Silver Price - Are We There Yet? / Commodities / Gold and Silver 2015

By: Dr_Jeff_Lewis

For an individual to fix Libor is a crime. For a central bank to suppress European bond yields is an act of financial statesmanship. - Jim Grant

ca·pit·u·la·tion

kəˌpiCHəˈlāSH(ə)n/

noun 

Monday, August 03, 2015

Crude Oil USO ETF Elliott Wave Analysis / Commodities / Crude Oil

By: WavePatternTraders

USO

It’s been 6 weeks since the last post of Oil http://www.wavepatterntraders.com/elliott-wave-analysis-of-uso-oil/ In that time we have a seen a great decline for those that have been short this market, looking at the gyrations I think based on the CL contract, I suspect USO is only ending wave 3, so whilst we should be close to a short term low for wave 3, the likelihood is that any bounce for wave 4 should prove to be a bull trap and then target new lows for wave 5.

Monday, August 03, 2015

Stock Market Report: Three’s a Crowd / Stock-Markets / Stock Markets 2015

By: WavePatternTraders

SPX

The SPX still appears to be inside the suspected ending diagonal pattern that has been going on from the Oct 2014 lows (aka Bullard lows). The overall look still appears to support the idea of a bearish wedge, or what Elliotticians call an ending diagonal, the back and forth whip is classic behavior for such a pattern, both the bulls and bears get taken to the cleaners as the market is likely ending the trend from the Oct 2011 lows. Once wave 3 or C is completed we should then embark on the largest decline since 2011.

Monday, August 03, 2015

Stock Market Critical Week Ahead / Stock-Markets / Stock Markets 2015

By: Andre_Gratian

Current Position of the Market

SPX: Long-term trend - Bull Market

Intermediate trend – SPX may have started an intermediate correction

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 discusses the course of longer market trends.

Monday, August 03, 2015

Gold Price Near Intermediate Bottom / Commodities / Gold and Silver 2015

By: Gary_Savage

Let me remind everyone that intermediate cycle lows (ICL), and especially yearly cycle lows in the metals are always hard to hold onto. Even if you catch the exact bottom, they usually resist for a week or more and try to shake everyone off. The metals bottom differently than the stock market. When stocks form an ICL they rocket launch straight up. Traders get instant gratification and a market that quickly moves away from their stop. Gold on the other hand forms much more difficult bottoms. It will usually churn back and forth for a week or longer as traders try to decide whether or not a bottom is forming. It’s during this churn, and especially after a destructive bloodbath phase, that traders can rationalize any number of reasons to get knocked off the bull no matter how good the setup is. Understandably after witnessing a devastating bloodbath phase traders are nervous and skittish that the drop is going to continue.

Monday, August 03, 2015

Stock Market Investors July Were Guests of Game of Thrones "Red Wedding" / Stock-Markets / Stock Markets 2015

By: ...

MoneyMorning.com Michael E. Lewitt writes: The simultaneous blood baths in commodities and U.S. stocks continued in July but failed to penetrate the skulls of U.S. stock investors who continue to allow themselves to be brainwashed into believing that they can only make money by owning an overbought market.

The S&P 500 (INDEXSP:.INX) recovered all of its June losses, gaining 2.1% in July including 1.2% last week to close the month at 2103.92, not far off its record closing high of 2,134.72. The index is now up 2.2% (excluding dividends) for the year.

Monday, August 03, 2015

Strong Bearish Signal Given Today on the Tadawul (Saudi Stock Exchange)! / Stock-Markets / Saudi Arabia

By: Submissions

Bruce Powers writes: A bearish head and shoulders top formation (HS) was triggered today on the Tadawul All Share Index (TASI), with the index falling 3.20 per cent to end the day at 8,807.24. The bearishtrigger was on a move below the neckline at 9,057. Momentum picked up on the way down with the index closing in the bottom quarter of the day’s range. 

Sunday, August 02, 2015

Stock Market Reluctant Primary Wave IV? / Stock-Markets / Stock Markets 2015

By: Tony_Caldaro

The market started the week at SPX 2080. After a gap down opening on Monday the market hit SPX 2064. It then doubled bottomed and hit SPX 2111 by Wednesday. After a gap down opening Thursday to SPX 2095, the market then rallied to close out the week at 2104. For the week the SPX/DOW were +0.95%, the NDX/NAZ were +0.75%, and the DJ World index was +0.70%. Economic reports for the week were generally negative. On the uptick: durable goods orders, Q2 GDP and the Chicago PMI. On the downtick: consumer confidence/sentiment, pending homes sales, the WLEI, plus weekly jobless claims rose. Next week will be highlighted by monthly Payrolls, ISM and the PCE.

Sunday, August 02, 2015

It's a Wonderful Life Without the Federal Reserve Bank / Politics / US Federal Reserve Bank

By: ...

MoneyMorning.com Shah Gilani writes: I have a dream. Well, I had a dream, but maybe it's never coming true, so I'll revel in my real dream.

And what a dream it was…

America had changed overnight. I didn't know what had happened, but everything was different the morning I woke up (while I was, unfortunately, still in my dream).

Sunday, August 02, 2015

Power and Compassion / Politics / Social Issues

By: Raul_I_Meijer

Time to tackle a topic that’s very hard to get right, and that will get me quite a few pairs of rolling eyes. I want to argue that societies need a social fabric, a social contract, and that without those they must and will fail, descend into chaos. Five months ago, I wrote the following about Europe:

Sunday, August 02, 2015

Preparing for The Stock Market Crash - Inverse ETFs and Puts Timing... / Stock-Markets / Financial Crash

By: Clive_Maund

In this update on the broad market S&P500 index we are going to look at no less than 5 charts for it, covering different time frames, the reason for this is that there are different points to make on each of these charts.

Before looking at the charts for the S&P500 index we are going to review first a range of charts, including the latest charts for Margin Debt and NYSE available cash. These charts provide the direst warning imaginable of impending trouble.

Sunday, August 02, 2015

Commodity Prices Slump Signals Slow Economic Growth Outlook / Commodities / Commodities Trading

By: Dan_Norcini

In my opinion, the surest method for ascertaining what the sentiment is towards overall global economic growth prospects is the commodity sector performance.

When sentiment is upbeat towards global growth, commodities tend to be in a strong uptrend on the charts. The reverse is true when prospects turn sour; commodities have a general tendency to sell off.

Sunday, August 02, 2015

BSE Sensex Stocks Bear Market Underway / Stock-Markets / India

By: Austin_Galt

The Indian stock exchange, the BSE Sensex, looks to be tracing out its first steps in a new bear market so let's review the action using the monthly and weekly charts.