Tuesday, April 26, 2016
Stock Market Holding Up...Bears Simply Have Nothing.....Fed On Deck... / Stock-Markets / Stock Markets 2016
The market tried once again to sell today, but again the selling was nothing to talk about. The market was down decently during the trading day, but the buyers, as usual, stepped back in with authority and kept the losses quite small. The market is trying to unwind overbought oscillators with the normal, no-price depreciation set-up, which is basically all we ever see. That's classic bull-market behavior. Seven year's worth for the most part. Nothing has changed. It really is the same old. In fact, this newsletter is the same old. There's never really anything new or interesting to talk about. Any time we try to swell, the buyers come in, etc. No sustained selling other than very brief periods for seven full years with no end on the horizon. Buyers are trained to step in and buy every time we sell some.
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Tuesday, April 26, 2016
CRB, Gold, Oil, Cotton, Coffee - 7 Must See Commodities Charts / Commodities / Commodities Trading
Commodities are in a positive cycle. It is too early to tell whether the long term bear market is over, but short and medium term momentum is clearly in favor of commodity bulls.
In this article, we revise 7 must-see charts covering the commodities complex, which reveal current and future investment opportunities.
First, the CRB commodoties index bottomed in January of this year. At that point in time, sentiment was even worse than during the depth of the 2008 financial crisis. The first chart shows how bad sentiment was in the last months of 2015 / early January 2016, see lower pane. Consequently, the upside potential is enormous as commodities are currently nowhere near positive sentiment levels.
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Monday, April 25, 2016
Disenfranchising Large Segments of Americans / Politics / Social Issues
Several hundred thousand American citizens won’t be voting in presidential primary elections—and it’s not their fault.
In Pennsylvania, for example, a registered voter who needed an absentee ballot had to submit the request at least one full week before the election, and then return the ballot no less than four days before the election.
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Monday, April 25, 2016
Gold Price Target is $3,000 and Silver is $75 per Ounce / Commodities / Gold and Silver 2016
Precious metals have posted their best quarter in nearly 30 years and mining stocks are soaring from oversold multi-year lows. Those that were willing to buy when everyone else was selling have been handsomely rewarded in 2016. But we believe the gains are just getting started.
After such a huge move to start the year, many have been anticipating a sharp pullback for gold and silver on profit taking. This would make sense, especially considering the record short positions by commercial traders. Plus, nothing goes straight up, not even deeply oversold assets awakening from a 4-year correction. It is almost always a roller coaster ride.
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Monday, April 25, 2016
It’s Waayyy Too Early to Take Profits on Gold & Silver / Commodities / Gold and Silver 2016
It was no fun investing in precious metals for most of 2011-2015, but the past few months have sure been a blast for buy-and-hold investors. Silver prices are 22.5% year to date, and gold isn’t far behind.
Now that there are some profits available to take, some metals investors wonder if they should grab them. The answer for most people is not yet -- not even close.
Yes, there are gains. But the real question for investors isn’t whether or not there are profits, it’s whether there are better options for their investment dollars. What other assets have a better risk/reward profile? Cash? Stocks? Bonds? No thank you!
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Monday, April 25, 2016
Parameters for a Stock Market Sell Signal-in-the-making / Stock-Markets / Stock Markets 2016
SPX bounced off both Short-term support and the rally trendline. At the time of the bounce, support was at 2077.37. There appears to be one more probe, possibly to 2088.00 to complete the retracement from today’s decline.
Friday’s bounce appears to be a 37.7% retracement of Wave (i). I wonder what happened to those 80-90% retracements?
An aggressive sell signal may be given once the trendline and Short-term support, now at 2078.20 are crossed. Further confirmation may be had at the mid-cycle support line at 2072.14.
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Monday, April 25, 2016
US Bonds Nearing Their All-time High / Interest-Rates / US Bonds
USB futures are lingering at their lows from Friday. The Cycles Model suggests a Trading cycle low may be made at any time in the next 72 hours. What may follow is a ramp to the average target of the Bullish Flag formation.
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Monday, April 25, 2016
US Debt Hotel California or the Hotel Marriner Eccles / Interest-Rates / US Debt
In 1977 the Eagles spoke to us about “Hotel California.” Lyrics are here.
A few lines from the song …
“On a dark desert highway, cool wind in my hair…
Up ahead in the distance I saw a shimmering light…
Then I was thinking to myself this could be Heaven or this could be Hell…
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Monday, April 25, 2016
Is July 5th the Next Stock Market Bottom? / Stock-Markets / Stock Markets 2016
The chart below shows a repeating pattern of 115 trading day tops on the S&P 500 virtually shadowing the 100 trading day cycle to cycle lows. The 100 TD lows can run anywhere between 85 and 115 trading days. This low is commonly referred to as the 20-week low. The 20-week low is half of the dominant 9-month low that usually runs about 40 weeks .
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Monday, April 25, 2016
Stock Market S&P 500 Below 2,100 Mark - Uptrend Reversal Or Just Correction? / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook is neutral, and our short-term outlook is neutral. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Monday, April 25, 2016
2.8 Million Bank Switches Create Current Account Storm / Personal_Finance / Current Accounts
In previous years banking customers have had little incentive to switch their current account, but since the launch of the Current Account Switch Guarantee in 2013, almost three million people have ditched their old account*. As a result, a veritable current account storm has been created as providers compete to attract new customers.
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Monday, April 25, 2016
Interesting Silver Debate: Do Old Indicators Matter Or Is Physical About To Overrun Paper? / Commodities / Gold and Silver 2016
For as long as most gold and silver investors can remember, the paper markets — that is, banks and speculators placing bets with futures contracts — have set the price of those metals. And within the paper markets, “the commercials” — fabricators and big banks — have time-and-gain fooled speculators like hedge funds into piling in (both long and short) at exactly the wrong time.
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Monday, April 25, 2016
Stock Market Dangerous Divergence / Stock-Markets / Stock Markets 2016
The chart below would appear to be in conflict with the results of a recent Gallup poll regarding stock ownership by Americans. The ratio of household equities to money market fund assets is near a record high, 60% above the 2007 high and 30% above the 1999 internet bubble high. The chart would appear to prove irrational exuberance among the general populace.
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Monday, April 25, 2016
USD/CHF Meets Heavy Resistance At 0.9850 / Currencies / Forex Trading
Market Bulls writes: We have seen some interesting activity in the USD/CHF over the last few months as most of the market is still looking to weigh-in on the potential for interest rate changes as the US Federal Reserve. At this stage, there are not many global central banks that can even consider raising interest rates, so the developments here at the Fed will be critically important for those trading in the currencies space. The first step in the process here is to determine the price levels that will be required to form a basis and argue for or against bullish trend activity in the USD/CHF.
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Sunday, April 24, 2016
Gold and Silver Management of Perceptions / Commodities / Gold and Silver 2016
Gold took a $20 hit after the European close today, moving down from 1250 to 1230.
And the theme of the day seemed to be 'buy paper, don't worry' with the pushing of the SP 500 futures, even though techs kept threatening to roll over here on weak to bad earnings reports.
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Sunday, April 24, 2016
Gold Miners Nub is the Sweat of the Sun / Commodities / Gold and Silver Stocks 2016
Gold miners, because the number of discoveries was falling and existing deposits were being quickly depleted, have had to diversify away from the traditional geo-politically safe gold producing countries, ie Canada, the U.S. and Mexico. The move out of these “safe haven” countries has exposed investors to a lot of additional risk.
In many parts of the world capitalist hating Marxist governments are becoming greedy. Many countries might come to mind as places where shareholders could, without warning, receive news that their operations have been taken over, expropriated, by the government and/or its friends, or that permits are suddenly suffering delays or have been cancelled outright.
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Sunday, April 24, 2016
US Dollar Price Forecast / Currencies / US Dollar
Is the US Dollar in a new bull market or is it about to crash? Opinions seem divided on this issue and mine is a mixture of both depending which time frame is used.
Let's begin the analysis with the short term outlook followed by some big picture analysis.
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Sunday, April 24, 2016
Stock Market Upside Objective Reached / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The beginning of a lengthy correction may be underway!
SPX Intermediate trend: Potential rally top.
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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Sunday, April 24, 2016
Why Leftist Greeks have more reasons than Liberals to favour Entrepreneurship and Support Entrepreneurs / Economics / SME
Petros Diplas writes: Recently I read it and said “There goes another myth."
"It is an indisputable fact that Leftism and Entrepreneurship in Greece are incompatible concepts."
Everybody blames the Greek Left - and I insist on Greek – to be against entrepreneurship.
Sunday, April 24, 2016
The Dow Jones is a Catalyst for Misplaced Stock Market Optimism / Stock-Markets / Stock Markets 2016
The Curious Recovery of the Dow Jones
After delivering stellar gains after America’s economic recovery in 2008, the Dow Jones Industrial Average has stalled, with a 1 year decline of 0.19%. A further examination of the components of the Dow Jones, and most importantly how stronger performing components have replaced some of the sub par links, reveals that its strong benchmark of success after 2008 has been a catalyst for misplaced optimism for America’s stock market. Its current mediocre performance is further troublesome, as one can holistically examine a flurry of sell offs this year in multiple sectors, such as the energy, biotechnology, and banking sectors. The Dow Jones stands as a misleading rosy shaded picture of how America, and most specifically its stock market, has recovered and continues to prevail. Weak fundamentals can easily be seen by examining areas of America’s economy, particularly areas the middle class is most vulnerable to, as well as the stock price losses experienced in other crucial sectors of America’s economy. A list of 30 companies is certainly too small of a sample size to holistically represent America’s stock market, yet I think the modifications and strategic exclusion of vulnerable areas makes the impact of its distortion of reality much stronger than one would initially assume.
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