Wednesday, December 19, 2018
Stock Market ES Sets Up Major Double Bottom Ahead of the Fed / Stock-Markets / Stock Index Trading
By: Chris_Vermeulen
The downside price rotation in the US markets on Monday, December 17, set up a near-perfect double bottom formation near the 2530 price level and also prompted a dramatic price recovery after reaching these lows. Currently, the ES has rallied over 35 pts from this low level and will likely pause before the Fed minutes are announced on Wednesday, December 19.
If the Fed holds true to their earlier promises of continued rate increases, we could see this 2530 level broken as price retreats from any relief rally and attempts to find lower support. If the Fed changes the context of their message and adopts a slower and more insightful rate policy, the markets are poised for one heck of a potential rally. The ES if down by a little more than 400 points (-13.75%) from the peak in September 2018.
Read full article... Read full article...
Wednesday, December 19, 2018
2018 Chaos, 2019 Mayhem / Politics / Social Issues
By: Raul_I_Meijer
It took me a while to decide which word(s) best define the past year and the next one, but I think this is pretty much it. 2018 was chaotic more than anything else, and that chaos will give rise to mayhem in 2019.
What I think is striking is that this is true across the board, in all walks of life so to speak. In finance, in politics, in energy markets, in ecological matters, and perhaps most of all in the ways all these topics are being covered by what once were trusted media.
I’m going to have to come back to all these topics separately, so it’s promising to be a very busy holiday season, but it’s also good to try and put them together in one place, if only to show how interconnected everything is. And how futile it is to look at the economy without seeing its connection to energy flows and ecosystems. And vice versa.
Read full article... Read full article...
Tuesday, December 18, 2018
UK House Prices Momentum Forecast 2019 / Housing-Market / UK Housing
By: Nadeem_Walayat
This analysis of UK house prices continues from Part 1 (UK House Prices 2019 No Deal BrExit 30% Crash Warning!) and was first made available to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for as little as just $3 per month. https://www.patreon.com/Nadeem_Walayat.
Read full article... Read full article...
Tuesday, December 18, 2018
Will US Government Shutdown Cause The Stock Market To Crash? / Stock-Markets / Stock Markets 2018
By: Avi_Gilburt
Last Monday, the market dropped over 70 points from its intra-day high to just below 2600SPX, and a reporter on television claimed it was due to the “postponement of the Brexit vote.” Yet, around mid-day, the market began to rally off its lows, and ended positive for the day. But, there was no substantive reason cited for this rally. The same television announcer simply noted that “stocks are rising after a wild day in the market yesterday.” Does that make “wild days” in the stock market a reason for a rally? I guess that is the best they could do when there was no news available to explain the rally.
Tuesday, December 18, 2018
Will Powell Turn Into Dove and Make Gold Shine? / Commodities / Gold and Silver 2018
By: Arkadiusz_Sieron
Tomorrow, the FOMC will publish its monetary policy statements and economic projections. How could they affect the gold market? And what about the recent developments in Europe?
FOMC Preview and Gold
The market awaits the monetary policy decision of the FOMC and its fresh economic projections. If the Committee surprises on the dovish (hawkish) side, gold will shine (struggle). Our bet is that – given the attitude of the new Board Governors, the stock market correction, and reduced forecast for global growth in the coming years – the December economic projections might be less optimistic than in September. It would be also in line with the previous December meetings when hawkish actions were accompanied by dovish signals.
Read full article... Read full article...
Tuesday, December 18, 2018
Why Chinese Economic Reforms Will Stay the Course / Economics / China Economy
By: Dan_Steinbock
After four decades of reforms and opening, China is accelerating the transition to post-industrial society.As Chinese President Xi Jinping gave his highly-anticipated speech on Monday on the 40th anniversary of Chinese reforms and opening-up policies, it was closely watched internationally in light of the 90-day truce in the U.S. trade wars.
Read full article... Read full article...
Tuesday, December 18, 2018
The Coming Financial Storm / Stock-Markets / Financial Markets 2018
By: FXCOT
The Dow Jones Industrial Average slumped more than 500 points Monday as investors looked ahead to this week’s Federal Reserve meeting amid mounting signs of slowing economic growth around the world. Major indexes opened modestly lower and began a steady descent around midday. All 30 stocks in the Dow industrials and all 11 sectors in the S&P 500 ended lower. The declines pulled the technology-heavy Nasdaq Composite into the red for the year, while the Russell 2000 index of small-capitalization stocks slumped into a bear market--a decline of more than 20% from its Aug. 31 high. And U.S. crude settled below $50 a barrel for the first time in 14 months.
Tuesday, December 18, 2018
Landing at Dalaman Airport Turkey, Flying EasyJet Airbus A320 / Personal_Finance / Travel & Holidays
By: Anika_Walayat
Thinking of spending a the Christmas Holidays in Turkey? Well here's what to expect when flying a budget airline such as EasyJet Landing at a Turkish airport such as at Dalaman, where the airport runway borders the beach so it's an over sea landing on what looks like a single air strip runway. The airport itself is small but looks like a fairly new build. So find out what it's like to land and exit your plain at Dalaman Airport.
Read full article... Read full article...
Tuesday, December 18, 2018
Jeff Gundlach thinks that a Stocks Bear Market has started. Is he Right? / Stock-Markets / Stock Markets 2018
By: Troy_Bombardia
The S&P is now sitting at a 1 year low. And of course, traditional technical analysis states “if the S&P breaks below this support level, watch out below”.
Read full article... Read full article...
Tuesday, December 18, 2018
Stock Buy-Backs Go Bust / Companies / Corporate News
By: Michael_Pento
The perfect storm of zero percent interest rates that existed concurrently with a debt-disabled economy lured executives at major corporations into a decade-long stock buyback program. The Fed pumped money into the economy thru its various Quantitative Easing programs to force interest rates near zero percent, with the expectation corporations would borrow money at the lowest rates in history and then invest in their businesses in the form of Property Plant and Equipment (capital goods). This in turn would expand productivity and help foster a low-inflation and strong growth environment.
Tuesday, December 18, 2018
Political Theater Goes into Overdrive as US Government Shutdown Looms / Politics / US Politics
By: MoneyMetals
The Democratic party will be moving back into the control room in the House of Representatives.
Congress may commemorate the return to split government with a partial shutdown. The feud over construction of a border wall looks like it will not be resolved in time. It could be the first of many political dramas in 2019.
The debate over funding for the wall is theater, make no mistake.
Monday, December 17, 2018
Gold’s Not An Investment – You Won’t Get Rich / Commodities / Gold and Silver 2018
By: Kelsey_Williams
Perception of gold as an investment is fundamentally flawed. No matter the detail behind the analysis, gold is not an investment.
investment…a thing that is worth buying because it may be profitable or useful in the future.
Lets suppose you are at the grocery store and you see that butter is on sale for $2.00 per pound. Normally you pay $3.00 per pound or more.
Since you use butter in your cooking and eating, and buy butter regularly, you place the butter in your cart and express thanks for such good fortune. But why not take advantage of the sale? You buy an additional one month supply and place it in your cart.
Read full article... Read full article...
Monday, December 17, 2018
Stock Market At Medium-Term Lows, Which Direction is Next? / Stock-Markets / Stock Markets 2018
By: Paul_Rejczak
Friday's trading session was bearish, as the broad stock market got closer to its medium-term local low again. Will the downtrend continue today?
The U.S. stock market indexes lost 1.9-2.3% on Friday, retracing their recent advance, as investors' sentiment worsened again. The S&P 500 index is currently 11.6% below September the 21st record high of 2,940.91. The Dow Jones Industrial Average lost 2.0% and the Nasdaq Composite lost 2.3% on Friday.
Read full article... Read full article...
Monday, December 17, 2018
This Stock Will Drive America’s 5G Buildout / Companies / Mobile Technology
By: Stephen_McBride
Who sells the basics? That’s the first question I answer when evaluating an investment trend.
In markets, those who sell the basics get rich.
James Marshall was the first guy to pull a gold nugget out of the mud during the 1848 gold rush. James literally struck gold. And yet, he left California broke.
Monday, December 17, 2018
Stock Market Turn In The Tide - Have a Happy Bear Market! / Stock-Markets / Stock Markets 2018
By: Plunger
Using Charles Dow’s well known method of reading the stock market’s movements , on Friday December 14th 2018 , the averages confirmed a bearish indication and can now be classified to be in a bear market. This action Friday is the first occurrence of a valid bear market signal in 11 years. Together the Dow Industrials and Transportation averages triggered a bear market signal following a major bull market of unprecedented duration of almost 10 years. After 10 years of unprecedented monetary and policy intervention by the central banks of the world intending to fuel the bull market, the signal indicates the bull market has reached exhaustion and the primary trend has now reversed.
The implications of such a signal are beyond the ability of the vast majority of citizens to comprehend since a bear market has not been allowed to run its course since December 1974. Furthermore, an entire generation of investors has not even experienced a market in a primary downtrend since as has been 10 years since such an event last occurred.
Read full article... Read full article...
Monday, December 17, 2018
How A NASA Scientist Could Trigger The Next Cannabis Boom / Companies / Cannabis
By: OilPrice_Com
Marijuana spent this year finding its feet. It may spend next year surfing a big wave of profits.
Marijuana 1.0 was all about the legalization drive, the dumping of billions of dollars of cash into the industry and mouthwatering, legitimizing mergers and consolidations—but it was a jockeying exercise in capacity expansion.
Marijuana 2.0 could be just as big a deal—it’s about the technological tweaks that will actually make this industry profitable.
Monday, December 17, 2018
iShares Russell 2000 IWM Leading Stock Market Decline / Stock-Markets / Stock Markets 2018
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend – Bullish, but correcting within the long-term bull market trend.
Intermediate trend – A bearish correction has started which could retrace as low as 2200 before it is complete
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 discusses the course of longer market trends.
Monday, December 17, 2018
Newmont Mining Gann Angles / Commodities / Gold and Silver Stocks 2018
By: readtheticker
Newmont Mining (NEM) is a gold stock with plenty of institutional interest. This means due to its huge following it is a good candidate for Gann Angles.
Gold and gold stocks are waiting for the FED and other central banks to swing to dovish monetary policy, Powell hinted this in last speech, and next week the FED is expected to hike 0.25% to 2.5%, however the 3 previously planned hikes in 2019 look very doubtful.
Read full article... Read full article...
Monday, December 17, 2018
Morrisons Bargain Christmas Lights 2018 Sales Price Cut! / Personal_Finance / Money Saving
By: HGR
If you have not gotten around to getting some christmas lights to brighten up your home, then take note of cheap christmas lights currently on sale at Morrisons that have just been further reduced in price. These are battery operated string lights and range in price from £6 to £10 for a variety of types. Check out the video for full the details of whats on sale.
Read full article... Read full article...
Monday, December 17, 2018
Where is the Dow Stock Market Santa Rally? / Stock-Markets / Stock Markets 2018
By: Nadeem_Walayat
On Friday the Dow closed near 500 points lower at 24,100. So with less than 10 days to go until Christmas there is no sign of the stock market Santa rally.
Read full article... Read full article...