Tuesday, July 19, 2016
Likelihood of Organized Disruption at GOP Convention / ElectionOracle / US Presidential Election 2016
The anticipated and long awaited political theater of the political conventions is upon us. The Republican gala has special expectation. “The Donald” will make a real show out of this high tension wire walk across the political divide of GOP careerist party stalwarts. Those populist upstart activists that raise the participation impact of new primary voters are invading the clandestine chambers of the privileged establishment. The never Trump movement will have their last gasp, but the surreptitious NeoCon insiders will not go away. Their covert choice is still Hillary Clinton.
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Tuesday, July 19, 2016
More on the ‘Breadth Thrust’ and Stock Market Internals / Stock-Markets / Stock Markets 2016
NFTRH 404 deviated from the usual format of widespread, in-depth coverage of US and global markets, precious metals and commodities in order to focus on two main themes. One was a view of building short-term risks in the gold market [possibly pending new rally highs] and the other of a developing bullish phase in the US stock market. We reproduce part of that segment here…
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Tuesday, July 19, 2016
VIX Falling....Volatility Falling....Understanding Stock Market Froth / Stock-Markets / Stock Markets 2016
Let's understand what's happening with the VIX. For quite a long time, many, many months, the VIX kept finding closing support at 13.00 or higher. We would see some intraday spiked in to the 12's, but ultimately we would find a reading that closed above 13.00. This would mark the end of an uptrend for very short term. The VIX would then spike a few points, and sometimes more than just a few points, and, thus, we'd see the market fall back down. The bears could always count on a 13.00 close, or higher, as a time to get short. Now we're dealing with three consecutive days with the VIX closing below 13.00. A change of trend that occurred once we were able to, eventually, close above S&P 500 2134. With the VIX this low, the market does something else traders don't love. It grinds.
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Tuesday, July 19, 2016
Banking Stocks Index - Does Danger Lurk? / Companies / Banking Stocks
Does Danger lurk on the Banking Index?
Last week, the Banking Index closed at 67.22 with the C-RSI at a Danger level of +1.59.
The Accelerator had a very small down tick. The Timing Indicator was in negative territory with an up tick that still showed technical upside trending.
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Tuesday, July 19, 2016
FX Traders: Get a Free Week of Forecasts (Details inside) / Currencies / Forex Trading
Dear reader,
Now through 5 p.m. July 22, you are invited to get free access to an online event that only happens once or twice a year at elliottwave.com:
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Tuesday, July 19, 2016
Christine Lagarde on Turkish Markets, Global Banking and Politics / Stock-Markets / Financial Markets 2016
In an exclusive interview with Bloomberg Television’s Tom Keene, IMF Managing Director Christine Lagarde discusses a range of issues including Turkish markets, the challenges around global banking and money laundering, the Italian bank crisis and political turmoil on both sides of the Atlantic.
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Tuesday, July 19, 2016
Climbing Gold and Silver’s Wall of Worry / Commodities / Gold and Silver 2016
Confidence is slippery, even when you are a metals investor sitting atop the best performing assets of 2016. It doesn’t help when 4 years of a miserable bear market remains fresh in our memories. Any weakness in prices and it can feel like markets are getting ready to plunge right back to $13 silver and $1,000 gold.
That feeling is called the “Wall of Worry”, and bulls are going to have to climb it by staying in the market even if their emotions are telling them to bail. Let’s review the last 6 weeks because they are quite instructional.
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Tuesday, July 19, 2016
Ups and Downs in Gold and Crude Oil Price / Commodities / Gold and Silver 2016
Technical analyst Jack Chan charts a major buy signal in oil and a possible correction in gold.
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Monday, July 18, 2016
Keep an Eye on ‘Bitcoin’ as the Next ‘Financial Crisis’ Starts! / Stock-Markets / Bitcoin
‘Bitcoin’ is on a tear away rally. Its’ performance, over the last year, has been outstanding and it has outperformed most ‘asset classes’, by a wide margin. It is probably the only asset class which beats out both gold and silver, in 2016. Why is it shooting into outer space?
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Monday, July 18, 2016
Erdogan Might Have Known about the Coup but Didn’t Prevent It on Purpose / Politics / Turkey
A coup has to be carefully planned for many weeks. It requires endless meetings and preparation. Many thousands of troops, tanks, helicopters, and all the rest, must suddenly appear in the streets and take over.
And all of this planning has to take place in complete secrecy. Without the element of surprise, there is no coup.
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Monday, July 18, 2016
From Gold Chains for Men to Gold Reserves: Who has All of the Gold? / Commodities / Gold and Silver 2016
Karus Chains writes: At Karus Chains we love to write about anything associated with gold chains for men and what could be more central to gold chains than gold itself.
So we asked the question- who owns most of the gold? Of course an open question like this will only throw up more questions.
Should we look at the countries that mine the most gold, or the countries that buy the most gold?
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Monday, July 18, 2016
Record Bond and Stock Prices Sending the Same Message / Stock-Markets / Financial Markets 2016
The S&P 500 is trading near an all-time record high. But investors should not take this as the all clear signal. According to most indicators, the market is now more overvalued than ever before.
The Cyclically Adjusted Price to Earnings Ratio analyzes the value of the S&P 500 Index with the 10-year average of "real" (inflation-adjusted) earnings as the denominator to determine if the market as a whole is overvalued or undervalued. Today this ratio sits at 26.73, close to the short-term high of 27.2 seen in 2007 and well above its historic average of around 16.
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Monday, July 18, 2016
Stocks Remain At All-Time High, Will They Continue Even 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 now bearish, and our short-term outlook is bearish. Our medium-term outlook is now 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, July 18, 2016
Gold Stocks 101 / Commodities / Gold and Silver Stocks 2016
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Monday, July 18, 2016
More Deflation Ahead: Silver, Gold And Their Mining Stocks A Must-Have / Commodities / Gold and Silver Stocks 2016
Are you ready for the next leg of deflation? Where the real pain will be felt (mainly) because the collapse of commodities and oil, in particular, will be accompanied by the collapse of the US stock market.
Due to the size of the cycles involved, it is very difficult for most to comprehend the continued decline in the prices of commodities and oil, while silver and gold rockets higher.
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Monday, July 18, 2016
Cop Shootings - America Resembles Gunfight at the OK Corral / Politics / Social Issues
Hollywood is now real life. Instead of good v. bad guys shoot ‘em ups, it’s killer cops against people of color, mostly unarmed Black youths, victims of racist injustice.
Do five Dallas police officers lethally shot days earlier, another 10 wounded and now three Baton Rouge cops killed, seven others wounded on Sunday indicate victims are beginning to retaliate - or perhaps as one of my readers suggests a “gov’t covert ops designed to foment race war.”
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Monday, July 18, 2016
With less cash to Spend Abroad, avoid unwanted Credit and Debit Card Fees / Personal_Finance / Credit Cards & Scoring
As holidaymakers prepare for their trip abroad, they may begin to realise that their travel cash will not be going as far as before. Thanks to fluctuating exchange rates, buying £200 worth of Euros today means €49 less spending money than a year ago, and a similar picture can be seen when buying £200 worth of dollars, with almost $48 less back compared with 2015. With this in mind it is vital for consumers to save cash where they can, and one way to do this is to be wary of using cards abroad.
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Monday, July 18, 2016
Will AUD/USD Selling Continue? / Currencies / Austrailia
Currency markets have seen some interesting moves over the last few weeks and one of the better trading setups can now be seen in the AUD/USD. These scenarios have come largely as a result of recent developments within the central bank.The Reserve Bank of Australia (RBA) recently announced that it would be willing to take extensive and unorthodox measures to right the economy, if the need arose. The current interest rate is 1.75%. If this turned out to be the case and the RBA opted to decrease the base interest rate to 1%, then options like government bond-buying would be likely considered. Such a measure would likely reduce the value of the Australian Dollar, which is presently trading near 0.76 USD.
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Monday, July 18, 2016
Don't Reform the Fed - FedExit! / Interest-Rates / US Presidential Election 2016
Opponents of a central bank should take advantage of the post-Brexit vote revival of secessionist sentiments to promote a secession from central banking, or "Fed-exit." Ending the Federal Reserve's monopoly on money is the key to restoring and maintaining our liberty and prosperity.
By manipulating the money supply to fix interest rates, the Federal Reserve engages in price fixing. After all, interest rates are nothing more than the price of money. Like all prices, they communicate information about economic conditions to market actors. Federal Reserve attempts to override the market rate of interest with a Fed-favored rate distort the price signals sent to businesses, investors, and consumers. The result of this distortion is a Fed-created boom, followed by a Fed-created bust.
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Monday, July 18, 2016
Stock Market Minor Top? / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The long-term trend is near its all-time high
SPX Intermediate trend: The uptrend from 1810 is now challenging the 2135 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.
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