Thursday, July 05, 2018
The United States of Terror! / Politics / US Military
Two recent articles* have again demonstrated that the greatest “terrorist” entity on earth is not the bogymen – Russia, China, Iran, North Korea – so often portrayed by Western presstitudes and the American government, but the United States itself! Ever since World War II, the US has been the most militaristic, far surpassing all of the Communist and dictatorial regimes combined.
Read full article... Read full article...
Thursday, July 05, 2018
Elliott Wave Analysis: Is US Dollar About to Turn? / Currencies / US Dollar
At Elliottwave-Forecast.com, we use correlation as one tool to complement our forecast. We often use USDPLN as we believe it is good proxy for Dollar Index (DXY). In below’s chart, we overlay the two instrument, and we can clearly see they are nearly identical
Read full article... Read full article...
Thursday, July 05, 2018
Nanny State: A Permit Patty and BBQ Becky In Every Neighborhood / Politics / Social Issues
Who needs paramilitary police with the legal authority to shoot you at will, when you’ve got crazy citizens like Permit Patty?
It seems like a disturbing new trend: the rise of busybody code-enforcers. Or, as I call it, slave-on-slave crime.
It’s also called Stockholm Syndrome. These miserable victims of the state have learned to take pride in reinforcing the matrix of arbitrary rules and regulations that make life more difficult for us all.
Read full article... Read full article...
Thursday, July 05, 2018
Independence From What? / Politics / US Politics
There’s something wonderfully -though at the same time sadly- ironic in simultaneously contemplating America’s Independence Day and Greece’s NO! (OXI!) vote three years ago that was subsequently defeated by it own prime minister, Alexis Tsipras, at the behest of the European Union’s powers that be.
Where Americans managed to break free of their yoke in 1776, the Greeks did not. Indeed, they were betrayed by their own. There are certainly plenty of similarities with the Declaration of Independence to be made, plenty voices and forces that sought to defeat the Founding Fathers. In the end, the result is simple: the Americans succeeded in breaking free, the Greeks did not.
Read full article... Read full article...
Thursday, July 05, 2018
Stock Market Still No Clear Direction, But S&P 500 Remains Above 2,700 / Stock-Markets / Stock Markets 2018
There were some positive expectations ahead of the opening of Tuesday's trading session, but then stocks reversed their intraday advance and closed lower. The broad stock market continues to trade within a short-term consolidation. Which direction is next? There are still two possible medium-term scenarios.
The U.S. stock market indexes lost 0.5-0.9% on Tuesday, as investors' sentiment worsened once again. The S&P 500 index continues to trade above the support level of 2,700. It is currently 5.5% below the January's 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.5% and the technology Nasdaq Composite lost 0.9% on Tuesday.
Read full article... Read full article...
Thursday, July 05, 2018
Corporate Profits are Trending Higher. The Stocks Bull Market Isn’t Over / Stock-Markets / Stock Markets 2018
As we’ve demonstrated here at BullMarkets before, the U.S. economy, corporate profits, and stock market all move in the same direction in the medium-long term.
The final reading for Q1 2018 GDP (released June 28, 2018) demonstrates that corporate profits are still rising. And for all the people who think that earnings numbers are “manipulated” via GAAP rules, these are corporate profits according to the IRS. Fact.
Read full article... Read full article...
Thursday, July 05, 2018
Why Is the Cryptocurrency Market So Volatile: Expert Take / Currencies / Bitcoin
...
Wednesday, July 04, 2018
Back to Resistance for Bitcoin and Ethereum / Currencies / Bitcoin
By Ryan Wilday: In last week’s article, my charts showed that I expected a corrective rally into the zones we are now pushing against. As always, I marked key resistance with a box and price has entered those areas. These zones are $6724-$7045 in bitcoin (BTC-USD) and $461-$489 in ethereum (ETH-USD).
Because I don’t view the downside trend as complete, nor do we have price through resistance in, my primary remains that that we’ll see further downside. But any thesis regarding market direction must be held loosely. Instead this is an opportunity for me to observe how the market reacts.
Read full article... Read full article...
Wednesday, July 04, 2018
Bearish Sentiment Can Only Take Gold so Far / Commodities / Gold and Silver 2018
Despite its lack of bullish fundamentals and the poor price action, Gold is now technically oversold and has reached strong support with sentiment approaching potentially extreme levels. The conditions are in place for a rally. That being said, bearish sentiment by itself is not enough to push Gold beyond a relief rally.
While the combination of the net speculative position (CoT) and daily sentiment index (DSI) was near its lowest point at the end of 2015, Gold enjoyed its best gains then because its fundamentals turned and remained bullish. Real interest rates declined as the Fed, after its December 2015 hike, did not hike for another 12 months despite a pickup in inflation.
Read full article... Read full article...
Wednesday, July 04, 2018
GBP/USD – Time to Jump in with Both Feet? / Currencies / British Pound
On Friday, the British pound showed strength against the greenback, which resulted in an invalidation of the breakdown under the long-term support line. The closure of the week above this important line emphasized the advantage of currency bulls over their rivals. What a pity that they rested on their laurels.Why? Because yesterday’s session erased most of the earlier rebound. This bucket of cold water, however, awakened the buyers who returned to the game for higher levels. What must they do to make GBP/USD grow above 1.3000?
Read full article... Read full article...
Wednesday, July 04, 2018
Apps as an Alternative to Hiring / Companies / SME
To grow, a company needs to hire, or so goes the conventional thinking. There is a lot of truth in the statement, but automation can reduce the number of new hires a young business needs to take on.
No business can grow while it is limited to the ten productive hours a day that its founder can put in. All founders must find ways to leverage their input. Traditionally this has meant hiring employees and using the extra eight hours a day that each one provides.
Wednesday, July 04, 2018
Stock Index Support Zones In Play For Bigger Upside Move / Stock-Markets / Stock Index Trading
As we start the July 4th trading week, it is time to look at the current market setup for signs of future strength or weakness. Yes, there is a lot of outside economic and geopolitical factors at play right now that could cause some major market moves, yet we continue to believe the US equities markets are setting up for another upside move after retesting support and shaking out some trades.
Recently, there has been quite a bit of chatter about foreign and US debt levels as well as credit cycle events that many industry leaders are concerned with. Overall, yes, we have to be cautious of a pricing level revaluation as a result of the credit cycles that are changing.
Read full article... Read full article...
Tuesday, July 03, 2018
Bitcoin Tension Ramps up / Currencies / Bitcoin
The recent couple of days have turned the short-term outlook on its ear for some traders. The last couple of months have seemed like sooth sailing, not something that could be said about the Bitcoin market too many times in the past. Now, we get a different reading and some might say that the tide has turned. But you need to go deeper than that.
Bitcoin has gone up and the bulls are euphoric. This is a marked change from the recent weeks when there was little to nothing for Bitcoin aficionados to cheer to. The main question, however, remains: “Has anything changed?” With the recent appreciation, we could also ask: “Does this action change anything?” Is there anything that could drive the profits on our hypothetical speculative positions?
Tuesday, July 03, 2018
Gold Price Probable Short-term Bounce / Commodities / Gold and Silver 2018
Gold and silver have been getting crushed recently along with emerging market stocks.
Read full article... Read full article...
Tuesday, July 03, 2018
What Does the Loonie Have to Do with Gold? / Commodities / Gold and Silver 2018
Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices.
Our proprietary cycle indicator is down.
Read full article... Read full article...
Tuesday, July 03, 2018
Trump Racks Up More Wins – The Rising Deficit Isn’t One of Them / Politics / US Debt
President Trump is winning on a number of fronts, and American conservatives are feeling better about their prospects than they have for a very long time.
Trump supporters are cheering an imminent shift in the balance at the Supreme Court. The President is expected to nominate a justice who respects the constitution to replace the retiring Anthony Kennedy. This legacy promises to endure for decades.
Read full article... Read full article...
Tuesday, July 03, 2018
Is this the Most Hawkish Fed Ever? / Interest-Rates / US Interest Rates
My research shows that this is one of the most hawkish Fed rate-hiking regimes ever. It has raised rates seven times during this current cycle and is on pace to raise the Fed Funds Rate(FFR) four times this year and three times in 2019.But what makes its monetary policy extraordinarily restrictive is that for the first time in history the Fed is also selling $40 billion per month of Mortgage Backed Securities (MBS) and Treasuries starting in Q3 and $600 billion per year come October. Because the Fed is destroying money at a record pace while the rest of the world’s major central banks are still engaged in money printing (QE) and zero interest rate policies (ZIRP), Jerome Powell’s trenchant and unilateral tightening policy is now causing chaos in emerging markets.
Read full article... Read full article...
Tuesday, July 03, 2018
Stock Market Temporary Bottom Set-Up Needs Follow Through / Stock-Markets / Stock Markets 2018
By Ricky Wen : The last week of June was quite weak as the stock market continued the downward momentum from the 3rd week by grinding down into the major weekly trending support zone around 2700-2720 on the Emini S&P 500 (ES) for the backtest.
After Monday's steep sell-off, the rest of the week was mostly consolidation within Monday’s range. The main takeaway from the week was that the market made a temporary bottom setup with the nominal lower low at around 2693 on the ES and back into the 2740 area resistance. It is now waiting for some follow through this week, or invalidation if that was not the low.
Read full article... Read full article...
Tuesday, July 03, 2018
Crude Oil – Precious Metals Link and Its Implications / Commodities / Crude Oil
In recent days, oil bulls have accustomed us to fresh peaks. However, when we look more closely at the volume, their actions lose some of the glow. When we add the picture, which emerges from the relationship between crude oil and precious metals, doubts about the strength of the rally are getting even bigger. Is it possible that this interesting link tells us more about the future of black gold?
Read full article... Read full article...
Tuesday, July 03, 2018
Silver Bull Market Is Almost Here / Commodities / Gold and Silver 2018
Silver is running out of time and space (on the chart) to decide where it will go over the next months and years. The similarity of conditions to the early 80s suggests that silver could go into a multi-year bear market or continue its bull market:
Read full article... Read full article...