Tuesday, July 26, 2016
Nasdaq Closed Flat Despite Down Day / Stock-Markets / Stock Markets 2016
The stock market indices started off the week on a very weak note, and although an afternoon comeback from midday hold of secondary support created a market rally that saw a late afternoon pullback consolidation, and then a strong surge in the last half hour to take back a big chunk of losses back. However, they were unable to get to through to the positive side, although the Nasdaq 100 closed nearly flat on the day after being down as much as 15 points.
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Tuesday, July 26, 2016
The Forex Markets Are Getting Exciting! / Currencies / Forex Trading
Our Senior Currency Strategist explains why
Jim Martens, the editor of our Currency Pro Service, gives you a preview of what's going on in the FX world post-Brexit.
Watch this new interview to learn which markets Jim's keeping his eye on.
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Tuesday, July 26, 2016
Stocks Could Easily Fall 40% From Here / Stock-Markets / Financial Crash
The US is in a recession.
Quarterly earnings by publicly traded corporations have fallen for SIX straight quarters. That covers a time of 18 months.
This has never happened outside of a recession.
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Tuesday, July 26, 2016
Stock Market Unwinding...Nothing Bearish...Fed On Deck... / Stock-Markets / Stock Markets 2016
Can you believe it! The market pulled back for a whole day. Who knows, it may do two days in a row. You never know. It's not unusual for a market or a stock to come back and test the level from which it broke out. In this case it's S&P 500 2134. I don't know that we'll get that low, but it's always possible for this market to back test. The fact that it shot decently past 2134 allows it to have a reasonable pullback without breaking support as it unwinds. It would be healthier for the market to back test and get some unwinding, but if it does actually do that, it would likely scare folks that we had a false breakout. I don't think that will occur. It would if the market was playing the real world, but since the market rarely does that it's quite unlikely that we'll break far below 2134 on the S&P 500, thus causing a false breakout from a couple weeks back. The bulls waited a long time to get this breakout, and, with the bears mostly silent, it would be a surprise if this move was a false one. Anything is possible, but it makes little sense.
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Tuesday, July 26, 2016
The US Dollar's Impact on Gold and Silver / Commodities / Gold and Silver 2016
Technical analyst Jack Chan charts a breakout of the U.S. dollar and comments on its implications for gold and silver.
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Tuesday, July 26, 2016
How would you invest money you didn't need for ten years? / Commodities / Gold and Silver 2016
One in six investors chose gold as the best place to park money they wouldn't need for more than ten years – the same number that chose stocks, according to a recent Bankrate survey. Another 6% chose bonds, while 25% chose real estate, and 23% said they would simply bank the money.
To the typical Wall Streeter, these results represent a world turned upside down. CNBC's Jim Cramer took one look and lamented, "As someone who has lived and breathed stocks for most of my life, this is a horrendous finding. But it's not surprising."
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Monday, July 25, 2016
Underpriced Silver Is the “Rip Van Winkle” Metal / Commodities / Gold and Silver 2016
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up we’ll hear a fantastic interview with Dr. Chris Martenson of PeakProsperity.com, author of the Crash Course and now his wonderful new book Prosper. Chris will give us his amazing insights on a range of topics, including the real reasons behind the recent and surprising stock market rally, what to expect in the precious metals markets in the weeks and months ahead and the steps you can take to protect yourself in the face of ever-growing domestic and global chaos. You simply do not want to miss a must-hear interview with Chris Martenson coming up after this week’s market update.
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Monday, July 25, 2016
Declines in Multiple Market Indexes / Stock-Markets / Financial Markets 2016
WTIC is making new lows beneath its Head & Shoulders neckline at 44.25. It may make its target by the next Pi date on August 11. If so, that also leaves the door open for a longer decline into the end of August.
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Monday, July 25, 2016
Hubris, Instability and Entertainment - The Only Thing That Grows Is Debt / Politics / Government Spending
John McDonnell, UK Shadow Chancellor of the Treasury (at least it sounds important) appealed to his -Labour- party on Sunday morning TV to “stop trying to destroy the party”, and of course I’m thinking NO, please don’t stop, keep at it, it’s so much fun. When you watch a building collapse, you want it to go all the way, not stop somewhere in the middle and get patched up with band-aids.
It’s alright, let it crumble, it’s had its day. And if it’s any consolation, you’re not alone. Nor is that some freak coincidence. ‘Labour’-like parties (the ‘formerly left’) all over the world are disintegrating. Which is no surprise; they haven’t represented laborers for decades. They’ve become the left wing -and even that mostly in name only- of a monotone bland centrist political blob.
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Monday, July 25, 2016
Japan’s Lemming Central Bank Blindly on the Path Towards Hyperinflation / Interest-Rates / HyperInflation
The financial world is buzzing about former Fed chairman Ben Bernanke's recent trip to Japan, where he advised Japan's central bank chief Haruhiko Kuroda on how to manage his nation out of multi-decades of stagnant growth. Channeling economist Milton Friedman, Bernanke warned that Japan was vulnerable to perpetual deflation and stagnate growth and that helicopter money--where the government issues non-marketable bonds with no maturity date and the Central Bank buys them with counterfeited credit--was the most useful tool in overcoming this condition.
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Monday, July 25, 2016
Retailers Are Doomed as Most Americans Are Too Poor to Shop / Companies / Retail Sector
BY TONY SAGAMI : We are entering the heart of earnings season. It may be a wild one as Wall Street’s outlook is quite poor.
The consensus Wall Street estimates for Q2 profits of the S&P 500 is a 5.6% fall (YOY). That would be the fifth quarter in a row of falling corporate profits.
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Monday, July 25, 2016
Terrorism Fuels Nationalism and Deglobalization of the World / Politics / GeoPolitics
BY PATRICK WATSON : The weaponized truck attack in Nice, France has terrorism fear on the rise once again. The incidents seem to be more frequent, and the death tolls are rising. People are afraid, and they want it to stop.
Don’t hold your breath, says George Friedman of Geopolitical Futures. The top geopolitics expert says all the options are bad. And, the wrong responses could make the problem even worse.
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Monday, July 25, 2016
Here’s One Currency That Could Go to Zero / Currencies / Fiat Currency
BY JARED DILLIAN: Shinzo Abe just scored a decisive victory in the upper house elections. Let me explain why that is not boring.
Abenomics was conceived in 2012 as a way to combat Japan’s never-ending deflation and pseudo-depression. It included a truly massive program of quantitative easing. This involved the printing of yen to buy all sorts of assets—including stocks!
Abenomics has continued for four years… with mixed results.
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Monday, July 25, 2016
Stock Market Short-Term Uncertainty As Investors React To Earnings Releases / 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 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 25, 2016
Six-month Review of the UK Mortgage Market / Housing-Market / Mortgages
When looking back at the first half of 2016 it’s clear to see that the mortgage market has had a significant boost, resulting in some of the lowest rates on record. In fact, research from Moneyfacts.co.uk shows that, since the start of this year, average rates across all fixed mortgage terms have fallen; the average two-year fixed rate has seen the biggest reduction, falling by 0.24% since January this year.
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Monday, July 25, 2016
Is the Banking Stocks Index on Solid Ground? / Companies / Banking Stocks
Last Friday, the Banking Index closed at 67.50 with the C-RSI at a Caution level of +2.07.
The Accelerator had a very small up tick. The Timing Indicator was in positive territory with an up tick that still showed technical upside trending.
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Monday, July 25, 2016
Stock Market Top is Expanding / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The long-term trend is at an all-time high.
SPX Intermediate trend: The uptrend from 1810 has continued to a new 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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Monday, July 25, 2016
The Path to Fed-Exit / Interest-Rates / US Federal Reserve Bank
I recently proposed that the liberty movement capitalize on Brexit with "Fed-exit": a campaign to "secede" from the Federal Reserve. Fed-exit could be accomplished with a few simple policy changes.
Passing Audit the Fed is a good first step toward Fed-exit. Contrary to the Federal Reserve's propaganda, auditing the Fed will not reduce the Federal Reserve's mythical "independence." It will simply allow Congress and the people to learn the full truth about the Fed's conduct of monetary policy.
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Monday, July 25, 2016
Silver Manipulation – Because They Needed the Eggs / Commodities / Gold and Silver 2016
“It reminds me of that old joke- you know, a guy walks into a psychiatrist's office and says, hey doc, my brother's crazy! He thinks he's a chicken. Then the doc says, why don't you turn him in? Then the guy says, I would but I need the eggs. I guess that's how I feel about relationships. They're totally crazy, irrational, and absurd, but we keep going through it because we need the eggs.” - Woody Allen
While there is no question of government enabling, (by decree or inaction), market manipulations haven’t really changed all that much in character over the centuries.
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Monday, July 25, 2016
Why We’re Ungovernable - Violence Goes Random / Politics / Social Issues
This series is based on the premise that debt works the same way for countries as it does for individuals and families: When you borrow too much your life spins out of control. For national and multi-national entities that means elections become unpredictable, economies function erratically, and public policies become more ad hoc and less effective.
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