Tuesday, October 25, 2016
Government Stimulus is an Oxymoron, Debt to GDP / Economics / Global Debt Crisis 2016
The accumulation of Debt, at its very essence, is simply borrowing consumption from the future. And this is true on any level of debt, be it either public or private. Just as savings is deferred consumption, the exact opposite is true for debt. Therefore, it can only be beneficial in the long-term if it leads to an expansion of productivity in the present. If the funds borrowed do not improve output per unit of labor it is much more difficult to pay back that debt and any perceived benefit ends up being nothing more than an ephemeral illusion.
Read full article... Read full article...
Tuesday, October 25, 2016
Today is a Stock Market Daily Turn Date / Stock-Markets / Stock Markets 2016
While SPX hasn’t broken out above 2154.79 in the Premarket, there is a threat of a final probe to the 50-day Moving Average at 2161.11 that may turn the double zigzag (w-x-y) into an a-b-c formation, which is more appropriate for a Wave 2. That appears to be the pattern in the futures, although the futures and cash markets don’t necessarily have to agree in pattern.
Read full article... Read full article...
Tuesday, October 25, 2016
Points Reward Credit Cards that Become ‘Pointless’ / Personal_Finance / Credit Cards & Scoring
Shoppers that frequently pay by card might decide to open a reward credit card to use as an alternative to their debit card, so that they can earn points every time they spend. However, not all cards are as rewarding as they may seem.
A points scheme is useful for those who want to gain a little extra by turning the points into vouchers or other rewards, but sometimes these rewards can take a long time and a significant spend to add up to anything worthwhile. In addition, some cards will charge higher rates of interest on purchases than could be achieved elsewhere, so if shoppers are not careful, the interest could outweigh any benefits.
Read full article... Read full article...
Tuesday, October 25, 2016
Diamonds in the Gold and Silver Mining Stocks / Commodities / Gold and Silver Stocks 2016
Back in September we looked at a possible morphing Diamond on the GDXJ in which the dashed trendlines were showing the original Diamond. When it started to morph into the bigger Diamond I added the two red circles that showed the false breakouts from the original dashed Diamond. As you can see the last two weeks produced a rally that so far has failed below the apex of the morphing Diamond. From a Chartology perspective the Diamond is a reversal pattern as it has five reversal points.
Read full article... Read full article...
Tuesday, October 25, 2016
Trump’s Gettysburg Address against the New World / ElectionOracle / US Presidential Election 2016
If not now, WHEN? Only the most dedicated Totalitarian Collectivist would want to keep the NWO in power. Those who are so dim-witted to believe that the governance elites are legitimate rulers, exercising moral authority are so ignorant and illiterate that they deserve the fate of sheep taken to the slaughter. The Sheeple designation is apt for a society mired in a distorted reality of serfdom.
Read full article... Read full article...
Tuesday, October 25, 2016
Another Stock Market Gap Goes Nowhere....Huge Earnings Week... / Stock-Markets / Stock Markets 2016
Let's start with the world of earnings. There have been so many pre-warnings, meaning warnings that were announced before the actual earnings date, that we know the season got off to a bad start. Some giants warned ahead of time, but now we'll focus on those who are waiting for their actual day to announce. This morning we got Kimberly-Clark Corporation (KMB), an economically-sensitive stock, to report, and it wasn't pretty. It was down huge for the day. What's so amazing to me so far this particular-earnings season is how low the bar has been set for just about everyone, since we are dealing with eight straight quarters of lowered earnings expectations. It would be easy, one would think, for most to beat with no problem. The actual numbers may be weak, but they are better than expected. Right!? Not happening so far overall. Always good beats, but the number of bad reports is adding up, once again, more than anyone would like.
Read full article... Read full article...
Tuesday, October 25, 2016
Where Will Crude Oil Price Head Next? / Commodities / Crude Oil
Trading position (short-term; our opinion): Short positions (with a stop-loss order at $53.22 and initial price target at $46) are justified from the risk/reward perspective.
On Friday, crude oil gained 0.43% after Russia renewed its commitment to joining a producers' output freeze. Thanks to this news, light crude bounced off session’s lows and closed the week slightly below $51. But did this move change anything in the overall picture of the commodity?
Read full article... Read full article...
Monday, October 24, 2016
This Past Week in Gold / Commodities / Gold and Silver 2016
Technical analyst Jack Chan charts recent movements in the gold and silver markets. With COT data showing signs of a bottom, Chan is waiting for price action to confirm.
Read full article... Read full article...
Monday, October 24, 2016
Can Gold Continue To Rise, Since The Usd Is Moving Higher Too? / Commodities / Gold and Silver 2016
That question and other ones similar to it keep coming up lately and understandably so. Gold usually drops when the USD rises, but lately we do see both rising at the same time. I called a low in Gold recently and have been trading in the Precious Metals sector, but some are having a hard time believing it when they see the USD rising too. Allow me to share my thoughts on this. The following 4 charts are from the weekend report, where I tried to help my readers see the answer that question.
Read full article... Read full article...
Monday, October 24, 2016
Is China About to Go “Scorched Earth” on the US Dollar? / Currencies / US Dollar
China’s currency, the Chinese Yuan, remains pegged to the US Dollar. So when the US Dollar strengthens, the Chinese Yuan strengthens to.
For an economy as rife with garbage debt as China (shadow banking debt is over 200% of GDP), this is a DISASTER.
Read full article... Read full article...
Monday, October 24, 2016
Did a Secret Central Banking Cabal Just Turn AGAINST the US? / Interest-Rates / US Bonds
Quietly and with little if any notice, foreign Central Banks have begun DUMPING US Debt.
Take a look at this chart. Does this look like a bull market to you? Because to me it looks like it could be the beginning of a panic sale.
Read full article... Read full article...
Monday, October 24, 2016
Why are Americans Avoiding the Stock Markets; Fear or Lack of Money? / Stock-Markets / Stock Markets 2016
"A champion is afraid of losing. Everyone else is afraid of winning." ~ Billie Jean King
The financial crisis of 2008 scarred many individuals and scared away even more; add in the Great Recession, and one can see that the average can come up with many reasons to avoid the stock market. To make matters worse, the unemployment rate remains stubbornly high, and wages in most instances are dropping instead of rising which means that many Americans have little to no disposable income left after expenses. Don't for one second believe the twisted statistics issued by the BLS (Bureau of labour department); those statistics are on par with toilet paper.
Read full article... Read full article...
Monday, October 24, 2016
Presidents Can’t Fix the US Economy / ElectionOracle / US Presidential Election 2016
BY PATRICK WATSON : Ever wish you could time-travel back to an earlier, simpler era? Many folks do. We differ only in how far back we want to go.
This year’s intense presidential campaign only adds to our nostalgia.
Hillary Clinton supporters long for the 1990s… when Bill was president and the economy was booming. Many Donald Trump voters have an earlier destination in mind… maybe the 1950s, when we had few foreign military entanglements and American industry led the world.
Read full article... Read full article...
Monday, October 24, 2016
The US Is NOT a Low-Tax Jurisdiction / Politics / Taxes
BY JARED DILLIAN : Trump has been running his mouth about how the US is one of the highest-taxed countries in the world. This really makes the journalists upset. They say that it’s false. Every time he says this, they have a conniption.
How can it be true? How can we have higher taxes than Sweden—where taxes are so high that everything is free, there are ponies everywhere, and everyone is happy?
Read full article... Read full article...
Monday, October 24, 2016
SPX may be completing a double zigzag pattern / Stock-Markets / Stock Markets 2016
The SPX Premarket appears to be challenging the Triangle formation and the two-hour mid-cycle resistance at 2146.56 in a double zigzag pattern. This may explain the overlapping, corrective structure of the retracement of the decline between October 10 – 13.
Read full article... Read full article...
Monday, October 24, 2016
Stocks, Crude Oil and EURUSD Trend Forecasts / Stock-Markets / Financial Markets 2016
We should now begin to see a drop in WTI over the next couple of months and in to 2017, so far the consolidation that has ocurred over the last few weeks has been as forecast and the next down phase we have been modelling for months is now due.
Read full article... Read full article...
Monday, October 24, 2016
Stock Market Positive Expectations, Will Stocks 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 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, October 24, 2016
Average five-year Fixed Rate Savings Bond Falls Below 2.00% / Personal_Finance / Saving Bonds
Long-term fixed rate bonds used to be the premier solution for many savers looking for a decent return on their savings. However, Moneyfacts.co.uk data can reveal the disappointing news that the average five-year fixed bond rate has fallen to a record low, now standing below 2.00%.
Read full article... Read full article...
Monday, October 24, 2016
Obama's Pivot to Asia Hits a Roadblock in the Philippines / Politics / GeoPolitics
While the mainstream media continues its obsessive reporting on the mud-slinging campaign for the White House, a dramatic development in China last week brought President Obama's "pivot to Asia" to a sudden halt. Philippine president Rodrigo Duterte, while in Beijing, announced his country's "separation" from the United States. He told his Chinese audience, "Your honors, in this venue, I announce my separation from the United States ... both in military, but also economics."
Read full article... Read full article...
Monday, October 24, 2016
Stock Market Another Month to Go? / 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, but it has entered a corrective phase which could extend into November.
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.
Read full article... Read full article...