Thursday, July 20, 2017
JPM Elliott Wave Bullish Structure / Companies / Company Chart Analysis
By: ElliottWave-Forecast
The Elliott Wave view for JPMorgan Chase (NYSE: JPM) suggests the rally from February 2016 low (52.5) to 03/01/2017 peak (93.98) have ended wave (3). The pullback from there unfolded as zigzag ABC structure which ended wave (4) at 06/01/2017 low (81.79). Up from there, the stock rallied in another zigzag structure before ending that short term cycle after reaching extreme on 07/06/2017 peak (94.51).
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Thursday, July 20, 2017
Basic Materials and Commodities Analysis and Trend Forecasts / Commodities / Metals & Mining
By: Rambus_Chartology
Since the Basic Materials sector is breaking out I would like to take an in-depth look at some of the stocks that make up the Basic Materials sector along with some commodities in general. Most commodities have had a tough go of it since they topped out in 2011, but there are some signs that they may be bottoming, which could lead to a substantial rally over the intermediate to the long term. As you will see some of the bottoming formations are very symmetrical while others are pretty ugly, but as long as they can make a higher high and higher low an uptrend is in place.
Lets start with the CRB index which built out a one year bearish rising wedge formation that broke to the downside in March of this year. The price action has been chopping to the downside and has gotten a bounce to the upside in late June. Normally the price objective of a rising wedge is down to the first reversal point where the pattern started to build out.
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Thursday, July 20, 2017
The US Dollar Falls To New Lows, And So Do The Excuses To Explain It / Currencies / US Dollar
By: Submissions
Mike Golembesky writes: The DXY Index, which is widely cited in the financial press as the "Dollar" or "US Dollar," has seen a correction that began in January of this year after topping at the 103.82 level, and has continued into this week's (Tues July 18) low, which came in at 94.48. This represents a move of just under 9%, which in the currency markets is not a small move.
Wednesday, July 19, 2017
Nasdaq: Not Parabolic Yet / Stock-Markets / Stock Market 2017
By: Gary_Savage
At the bubble top in 2000 the Nasdaq was 156% above its 200 week moving average. Currently the Nasdaq is 29% above its 200 week moving average. Clearly not parabolic yet.
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Wednesday, July 19, 2017
How Steel Became US Security Concern – and Global Trade War Threat / Politics / Protectionism
By: Dan_Steinbock
As the White House seeks to turn steel overcapacity into a national security matter, the issue is alienating not only China but America’s NATO allies.'They're dumping steel and destroying our steel industry, they've been doing it for decades, and I'm stopping it. It'll stop,' US President Donald Trump declared during a recent flight from the US to France. “There are two ways: quotas and tariffs. Maybe I'll do both,” he added at the eve of his administration’s first Sino-US Comprehensive Economic Dialogue (CED), also known as Diplomatic and Security Dialogue (D&SD).
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Wednesday, July 19, 2017
Bitcoin PullBack Is Over (For Now): Cryptocurrencies Gain Nearly A 50% In Last 48 Hours / Currencies / Bitcoin
By: Jeff_Berwick
So much for the cryptocurrency correction. Two days ago when bitcoin hit nearly $1,800 and the market capitalization of all cryptocurrencies nearly touched $60 billion, I wrote in my article entitled, “Coinpocalypse”, “I am now thinking it has dropped enough to start wading back in.”
And, it appears I nailed it almost down to the minute. As soon as that article went live, the cryptocurrencies began staging a comeback. And they continue to do so as we speak.
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Wednesday, July 19, 2017
Stock Market Forecast: OPEX Week July 2017 / Stock-Markets / Stock Market 2017
By: Brad_Gudgeon
I have SPX falling to 2444/45 Wednesday and GDX down to near 21.90/.93. By Friday SPX should be tagging 2479 and GDX to near 22.99/23.00. Past cycles and VOL cycle suggest an up open tomorrow that will be sold. By 11:00 EDT we should see a sell-off to 2444/45 SPX. Wisdom dictates late day buying (3:00) of XIV on the secondary low. I like VXX or UVXY on the open Wednesday. A 6% gain in UVXY is possible tomorrow into late in the day on the secondary low.Read full article... Read full article...
Wednesday, July 19, 2017
Biotech with Alzheimer's Focus Makes Progress on Several Fronts / Companies / BioTech
By: TLSReport
In its corporate update for Q2/17, a Canada-based biotech targeting neurological disorders including Alzheimer's disease informed investors of advancements in several programs, including designation of a second validated lead compound in development.
Among ProMIS Neurosciences Inc.'s (PMN:TSE) "key accomplishments" in the quarter, the company noted it expanded its potentially "best in class amyloid-beta (Aβ) portfolio for Alzheimer's disease," according to a July 10 news release. In its oral presentation, the company stressed its emphasis on the "best in class" goal, noting that even though Biogen Inc.'s (BIIB:NASDAQ) aducanumab will be "first in class" and is progressing well in development, the ProMIS compound could be more selective and possess greater patient benefits.
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Wednesday, July 19, 2017
DOW Drops 200 Points in Lock Step with Wave Count! / Stock-Markets / Stock Market 2017
By: Enda_Glynn
My Bias: LONG
Wave Structure: rally in wave [C]
Long term wave count: wave [C] is underway, upside to above 136.00
Important risk events: JPY: Monetary Policy Statement. USD: Housing Starts, Building Permits, Crude Oil Inventories.
Wednesday, July 19, 2017
AAPL's 6% June slide - When Prices Are Falling, TWO Numbers Matter Most / Companies / Apple
By: EWI
On June 29, the Apple iPhone turned 10 years old. But, for many, the mood surrounding the milestone was less than celebratory. Reason being, in June alone, Apple Inc. (AAPL) plunged 6% to two-month lows amidst a broad-scale bruising of the global tech sector.
And so, the cursor on some Smartphone stock trading apps sits there -- blinking, blinking, blinking...
What's the next move? Is AAPL's 6% sell-off the start of a new downtrend. Or, will prices find a bottom and reclaim the upside?
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Wednesday, July 19, 2017
Discover Why A Major American Revolution Is Brewing / Politics / US Politics
By: Harry_Dent
I have written many articles on how extremely polarized our politics has become in the last decade. I’ve dedicated several Leading Edge newsletters to the topic. I talked about it at our 2016 Irrational Economic Summit. I even discuss it briefly in my new book, Trump, Brexit, and the Next Civil War, which will be available around mid-August.I talk about it so much because it’s related to the mega 250-Year Revolution Cycle sweeping over us right now. We’ll feel the effects of this cycle for decades to come… which I detail in my new book.
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Wednesday, July 19, 2017
We Will Face The Greatest Stock Market Turning Point In October- Beware! / Stock-Markets / Stock Market 2017
By: Harry_Dent
Normally the worst season for the stock market is between July and November, especially August through mid-October, with September the worst month for losses (on average, of course).
The first wave of the 1929 to 1932 crash ran from early September into mid-November, claiming a loss of 47% in just two and a half months.
Wednesday, July 19, 2017
US Housing Market - Goodbye Hotel California / Housing-Market / US Housing
By: Rodney_Johnson
Not everything about my recent move from Florida to Texas was tough. I didn’t enjoy the packing and cleaning, or the unpacking and more cleaning. But there was one thing that made me smile.I kicked my storage unit to the curb.
Five years ago we decided to downsize. There was no way to put 4,000 square feet of furniture into 2,100 square feet of space. We made tough decisions on what to keep and what to give away or sell, but in the end we had a few items that had no home in the new house, but we couldn’t part with.
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Wednesday, July 19, 2017
iGaming – Stock Prices / Companies / Investing 2017
By: Submissions
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Tuesday, July 18, 2017
Banks Are “Pulling the Plug” On Another Debt Bubble, CRASH is Coming / Stock-Markets / Financial Crisis 2017
By: Graham_Summers
The credit cycle is turning for the worse.
Delinquency rates are creeping up in the consumer loan and commercial/industrial loan space. This is a clear signal that both the consumer and the corporate sectors of the economy are beginning to run out of steam.
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Tuesday, July 18, 2017
Here’s Why China’s One Belt, One Road Is Doomed To Failure / Economics / China Economy
By: John_Mauldin
One Belt, One Road (OBOR) is China’s ambitious initiative unveiled in 2013. In fact, it’s two plans combined to form a larger framework of new trade routes.
The first of these is One Belt (the orange line in the above map). It refers to the development of new infrastructure—particularly railroads and highways—to connect China’s interior provinces with Europe by way of Russia, Central Asia, and the Middle East. It’s a tall order, and expectations are low that China would be able to build them.
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Tuesday, July 18, 2017
The Socionomic Theory of Finance By Robert Prechter - Book Review / InvestorEducation / Elliott Wave Theory
By: Nadeem_Walayat
Here is my review of Robert Prechter's latest BOOK "The Socionomic Theory of Finance", which is a 800 page monster of a work. I first became aware of the Robert Prechter's writings in the 1980's as his book "The Major Works of R. N. Elliot" was my first foray into Elliott Wave Theory, in which Robert Prechter was already in the last few pages seeking to go beyond Elliott Wave Theory, and now 30 years later here is the latest manifestation of Robert Prechter's journey into a socioeconomic model of markets and economies that began as elliott wave theory.
Tuesday, July 18, 2017
Nasdaq: Third Times a Charm? / Stock-Markets / Stock Market 2017
By: Gary_Savage
This is the Nasdaq's third attempt to break out of the bull market channel. Once it holds we should shift into a higher gear as the bubble phase progresses.
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Tuesday, July 18, 2017
Ethereum Versus Bitcoin – Which Cryptocurrency Will Win The War? / Currencies / BlockChain
By: Boris_Dzhingarov
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Tuesday, July 18, 2017
Fixed Interest Rate Bond Rises Fuel Recovery in UK Savings Market / Personal_Finance / Savings Accounts
By: MoneyFacts
The latest data from moneyfacts.co.uk reveals that the savings market has now had six consecutive months wherein rate rises have outweighed cuts, with June seeing 125 rises versus 21 cuts.
Fixed rate bonds have been playing a huge part in the recovery of the market since the start of 2017, with last month showing that 78% of the recorded rate rises were for fixed rate bonds.
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