Thursday, January 28, 2016
How The Fed is Suffocating The U.S. Economy / Economics / US Economy
Investors are worried over the prospects that the long-term momentum behind the stock market recovery of 2009-2015 may be in danger of complete dissipation this year. That would mean a certain date with an extended bear market and, potentially, an economic recession perhaps sometime later this year.
Normally, within the context of an established bull market, worry would be a good thing given that the bull tends to proceed along a "wall of worry." In view of recent actions undertaken by central banks, however, those worries are legitimate as I'll explain in this commentary.
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Thursday, January 28, 2016
Watch The Stock Market VIX / Stock-Markets / Stock Markets 2016
The VIX closed at 22.50 and will be testing an important fan line support today (the support/fan line that the VIX was sitting on at the close yesterday).
Note the sequence of higher highs from December to now ... so the concern would be centered around a possibility that the VIX could rise higher than the previous high. (Since the VIX moves in the opposite direction of the stock market, that would be a negative.)
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Wednesday, January 27, 2016
Stock Market Rally is Over. Hope You're Short or in Cash / Stock-Markets / Stock Markets 2016
Today’s action made me glad that I had gone short on Friday. Today’s move was virtually untradeable, since if you had waited for the Wave (v) of [c], you would have done worse than going short last Friday.
The Wave (v) of [c] was truncated, leaving what appears to be a double zigzag Wave 2. Both the truncation and double zigzag in a Wave 2 are rare. The total time elapsed for the retracement was just shy of 37 hours [2(4.3 squared)] and would have been so, had Wave (v) gone above Wave (iii).
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Wednesday, January 27, 2016
Stock Market Crash: Is the Dow headed for a Repeat of 2008 / Stock-Markets / Stock Market Crash
Do not wait for ideal circumstances nor for the best opportunities; they will never come. AnonymousWe could not help ourselves and put the word stock market crash in the title because every Tom, Dick and Harry is now chanting this tune. Take a look at some of the recent headlines:
Wednesday, January 27, 2016
A Dangerous Moment for Social Security / Politics / Social Issues
By Justin Spittler
Social Security funds are drying up…will there be any money left when you retire?
Social Security is America’s largest federal program. In 2015, it paid out $870 billion to more than 59 million Americans.
Most Americans see Social Security as a retirement savings program. During your working life, you pay 6.2% of every paycheck to Social Security. In return, the government sends you a check every month after you retire.
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Wednesday, January 27, 2016
The Populist Revolution: Bernie Sanders and Beyond / ElectionOracle / US Presidential Election 2016
The world is undergoing a populist revival. From the revolt against austerity led by the Syriza Party in Greece and the Podemos Party in Spain, to Jeremy Corbyn’s surprise victory as Labour leader in the UK, to Donald Trump’s ascendancy in the Republican polls, to Bernie Sanders’ surprisingly strong challenge to Hillary Clinton – contenders with their fingers on the popular pulse are surging ahead of their establishment rivals.
Today’s populist revolt mimics an earlier one that reached its peak in the US in the 1890s. Then it was all about challenging Wall Street, reclaiming the government’s power to create money, curing rampant deflation with US Notes (Greenbacks) or silver coins (then considered the money of the people), nationalizing the banks, and establishing a central bank that actually responded to the will of the people.
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Wednesday, January 27, 2016
Sugar Commodity Sweet Holiday Trade Is In Play & In The Money! / Commodities / Agricultural Commodities
As traders we are always on the hunt for new trade ideas poised and ready for big moves. And back on Dec 17th 2015 I shared a sweet trade idea publicly on my blog and other financial websites.
If you want so see much more detailed charts and analysis from Dec 17th visit my blog page as it paints a clear picture: http://www.thegoldandoilguy.com/a-sweet-trade-setup-for-the-holiday-season-tis-the-season/
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Wednesday, January 27, 2016
Will Crude Oil Prices Rebound in 2016? 60 Reasons Why Investors Should Hang On / Commodities / Crude Oil
Inventories will continue to rise, but the momentum is slowing.
The following are some observations as to how we got here and how we're gonna get out.
9 reasons why oil has taken so long to bottom:
1. OPEC increased production in 2015 to multiyear highs, principally in Saudi Arabia and Iraq where production between the two added 1.5 million barrels per day (mb/d) to inventories after the no cut stance was adopted.
Wednesday, January 27, 2016
The End Is Near, Apple's Revenue 'Falls Off A Cliff' / Companies / Apple
One by one the pillars of the recovery are toppling. Last year the Chinese infrastructure party ended and the shale oil boom went bust. More recently the FANG stocks went from pulling the market up to pushing it down. And today Apple -- whose sales would always go up because everyone on Earth wants an iPhone and there were still some people in Africa and the Amazon Basin who don't yet have one -- reported that not only is its revenue no longer growing, but it might shrink in the year ahead.
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Wednesday, January 27, 2016
Italian Bank Panic & Bail-In - The Next Domino To Fall / Stock-Markets / Credit Crisis 2016
On January 1st of this year the European Union passed into law an official “bank bail-in” clause. The bail-in legislation put into law, across Europe, what was done in Cyprus in 2013 where bank account holders had their funds seized to “save” the bank. To us, and anyone who is paying half-attention, this was a clarion call to get your funds out of European banks.
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Wednesday, January 27, 2016
Driverless Vehicles Powered by Artificial Intelligence / Companies / Auto Sector
The joy of driving was once an important part of the American Dream. Take to the open roads meant freedom and adventure. The utilitarian objective of moving from one place to another just does not seem to possess the same romance. As with all reminiscences of the past, the lingering memories like to keep the good times close and block out the troubles when possible. This same trait can be applied to the distinctly national love affair with the auto. But as with all things, times move on and many in the tech community believe that the next advancement in land travel will come from an AI revolution.
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Wednesday, January 27, 2016
Another U.S. Constitutional Convention: An Idea Whose Time Has Not Come / Politics / US Politics
In the midst of the seemingly indeterminable presidential electoral campaign, some of the candidates have been asked about the possibility of convening a constitutional convention in the hope of addressing the nation’s most pressing issues, most ominously the gargantuan federal deficit now in excess of $18 trillion.
Governor John Kasich supports such a notion with the explicit purpose of passing a balanced budget amendment.
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Wednesday, January 27, 2016
Which Energy Companies Being Added to US Global Funds in Anticipation of an Oil Rebalance? / Commodities / Oil Companies
There are still winners in the energy space, but you have to move quickly. In advance of the rebalance U.S. Global Investors CEO Frank Holmes is expecting toward the end of 2016, he and analyst Samuel Pelaez point to the sectors taking advantage of opportunities, including refiners, midstream MLPs, low-cost producers, airlines and chemical companies. In this interview with The Energy Report, they name their favorites and outline the fundamentals that will make 2016 look a lot different than the year that just ended.
The Energy Report: In a recent Frank Talk, you quoted BCA Research with a prediction that oil markets will rebalance in 2016. What is that based on?
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Wednesday, January 27, 2016
Gold and Silver - There's Something Worse than Having a "Losing Position" / Commodities / Gold and Silver 2016
David Smith writes: here's something worse than giving up at the bottom...
There's something worse than watching prices fall as you continue to add on the way down...
It's giving up "three feet from gold," when if you had just stuck it out a bit longer, things might have turned your way.
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Wednesday, January 27, 2016
Stock Market Top May Have Been Made on Friday.. / Stock-Markets / Stock Markets 2016
Shortly after 2:20 pm, SPX made its intra-day high at 1906.73. From a Cyclical view, last Friday’s high at 1908.85 was the high, consuming exactly 17.2 hours from bottom to top.
Today’s high counts well as an Elliott Wave [c] of 2, but it appears truncated. Short-term resistance is at 1900.28, with SPX now below it. The daily Cycle Bottom resistance is at 1898.86. These resistances are somewhat elastic, but they appear to be holding.
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Wednesday, January 27, 2016
Stock Market Forecast for February 1st High / Stock-Markets / Stock Markets 2016
A bottom for the January sell-off appears to be behind us. It fell three trading days after the Hybrid Lindsay forecast for a low in the period January 12-15. This should be a good week for the bulls. The next forecast for a high is for Monday, February 1. That forecast is detailed below.
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Wednesday, January 27, 2016
Stock Market Bear Raid Over or the Last Bull Standing? - Video / Stock-Markets / Stock Markets 2016
Its not just the Eastern United States that's been paralysed by freezing temperatures and a huge blizzard, as the stocks bull market also remains frozen in a trading range, which has most recently seen the Dow bounce off the icy cold extreme low end of the range, which according to the bear market doom and gloom growing consensus just marks the first bear market counter-trend rally of 2016.
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Tuesday, January 26, 2016
Capital Controls Are Coming / Stock-Markets / Credit Crisis 2016
By Nick Giambruno
The carnage always comes by surprise, often on an otherwise ordinary Saturday morning…
The government declares a surprise bank holiday. It shuts all the banks. It imposes capital controls to stop citizens from taking their money out of the country. Cash-sniffing dogs, which make drug-sniffing dogs look friendly, show up at airports.
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Tuesday, January 26, 2016
Clueless in Davos / Stock-Markets / Financial Markets 2016
Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world's political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world. It appears that few of the attendees, if any, had any advance warning that 2016 would dawn with a global financial meltdown. The Dow Jones Industrials posted the worst 10 day start to a calendar year ever, and as of the market close of January 25, the Index is down almost 9% year-to-date, putting it squarely on track for the worst January ever. But now that the trouble that few of the international power posse had foreseen has descended, the ideas on how to deal with the crisis were harder to find in Davos than an $8.99 all-you-can-eat lunch buffet, with a free cocktail.
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Tuesday, January 26, 2016
As Corporate Earnings Slow, What Will Happen To Taxes? / Companies / Corporate Earnings
Last week the Census Bureau reported retail sales for December, and the numbers weren’t pretty. Sales dropped 0.1% overall last month, and were down the same 0.1% when auto sales were excluded. Removing volatile gasoline sales only moved the number to flat. Making matters worse, retail sales increased a paltry 2.1% for all of 2015 – the smallest gain since 2009, and well below the 3.9% growth in 2014.The report justified our negative view on earnings. Fourth-quarter numbers should be ugly. All of this plays right into our forecast for a general market decline and tough economic conditions in the months ahead.
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