Thursday, July 20, 2017
The Fed May Show Trump No Love / Interest-Rates / US Interest Rates
By: Peter_Schiff
Typically, U.S. Presidents are wary of claiming stock market performance as a referendum on their success. Most have seemed to understand that taking credit also means accepting blame, and no one would want to make the tortured argument that the positive moves reflect well on their presidency but that the negative moves do not. But Donald Trump has shown no reluctance to make any argument that suits his political purpose of the day, no matter its absurdity, and no matter if he has to contradict the arguments he made last year, or last week. Perhaps he assumes, as most investors seem to, that the risks are minimal because the Federal Reserve will jump in to save the markets if things turn bad. But in binding his performance so closely to the markets he overlooks the possibility that the Fed will be far less charitable to him than it was to Obama.
Thursday, July 20, 2017
The 3 Best Asset Classes To Brace Your Portfolio For The Next Financial Crisis / Stock-Markets / Financial Crisis 2017
By: John_Mauldin
By Jake Weber : No one knows when the next financial crisis will hit.
The 2008 financial crisis originated in sub-prime mortgages. Rampant speculation in dot-com stocks triggered a market panic in the early 2000s.
What will spark the next crisis?
Fed Chair Janet Yellen said last month that she didn’t expect a financial crisis in our lifetimes…. Of course, later she downplayed her comments, but it doesn’t change the message.
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Thursday, July 20, 2017
Stock Market Decline May Have Begun. Be Careful About Taking Short Positions / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
While the decline doesn’t look like much yet, some of you brave souls who agree with my Cycles and Elliott Wave analysis may wish to begin adding partial short positions.
With that recommendation I warn that there are no confirmations from either the VIX or the Hi-Lo Index. It appears that both of those indicators will be laggards at this juncture. In addition, there may be some blow-back from the algos’ automatic buy programs in an attempt to keep the markets elevated. The first support is the Cycle Top at 2463.58. Positions may be added as we see supports being broken.
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Thursday, July 20, 2017
Gold Stocks and Bonds - Preparing for THE Bottom / Commodities / Gold and Silver 2017
By: P_Radomski_CFA
In the first part of the Preparing for THE Bottom series, we emphasized the need to be sure to stay alert and focused in the precious metals market, even though it may not appear all that interesting. We argued that preparing for the big moves in gold that are likely to be seen later this year should prove extremely worth one’s while. In the second part of the series, we discussed when, approximately, one can expect the key bottom in gold to form (reminder: this winter appears a likely target) and in the third part of the series, we discussed one of the confirmations that could indicate that the final bottom is in or at hand – the gold to silver ratio. The latter is not the only important ratio that one needs to keep in mind and in today’s article, we’re going to discuss two additional ones: the one based on gold and the bond market and a second one, which includes gold stocks and gold. Both ratios add to the clarity regarding the upcoming bottom and they could be used as confirmations that the bottom is indeed in or at hand.
Thursday, July 20, 2017
Sheffield Tramlines Music Festival 21st to 23rd July 2017 / Local / Sheffield
By: Anika_Walayat
Sheffield's big music festival 'Tramlines' is back for another year, with music stages situated not just across the city centre but across Sheffield's many parks, pumping out music to cater for all tastes, and you don't have to pay for expensive wrist bands to enjoy the Tramlines experience as there will be several free stages across the city such as in the Peace Gardens. Here is our unique look at last years Sheffield Tramlines Music Festival 2016.
Thursday, July 20, 2017
Trump Has Found A Loophole To Rewrite Trade Agreements Without Anyone’s Permission / Politics / Protectionism
By: John_Mauldin
BY PATRICK WATSON : Last summer at the Camp Kotok economics retreat, I met a man who has done business with The Trump Organization and with Trump himself.
He said Trump scrupulously followed the law in all their deals. He also added Trump would often insert innocent-looking contract clauses that later harmed the other side.
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Thursday, July 20, 2017
Millennials Can Punt On Bitcoin, Own Safe Haven Gold For Long Term / Currencies / Bitcoin
By: GoldCore
– Bitcoin volatility shows not currency or safe haven but speculation
– Volatility still very high in bitcoin and crypto currencies (see charts)
– Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900
– Bitcoin least volatile of cryptos, around 75% annualised volatility
– Gold much more stable at just 10% annualised volatility
– Bitcoin volatility against USD about 5-7 times vol of traditional forex trading
Thursday, July 20, 2017
The Student Loan Bubble and Economic Collapse / Interest-Rates / Student Finances
By: Antonius_Aquinas
The inevitable collapse of the student loan “market” and with it the takedown of many higher educational institutions will be one of the happiest and much needed events to look forward to in the coming months/years. Whether the student loan bubble bursts on its own or implodes due to a general economic collapse, does not matter as long as higher education is dealt a death blow and can no longer be a conduit of socialist and egalitarian nonsense for the inculcation of young minds.
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Thursday, July 20, 2017
JPM Elliott Wave Bullish Structure / Companies / Company Chart Analysis
By: ElliottWave-Forecast
The Elliott Wave view for JPMorgan Chase (NYSE: JPM) suggests the rally from February 2016 low (52.5) to 03/01/2017 peak (93.98) have ended wave (3). The pullback from there unfolded as zigzag ABC structure which ended wave (4) at 06/01/2017 low (81.79). Up from there, the stock rallied in another zigzag structure before ending that short term cycle after reaching extreme on 07/06/2017 peak (94.51).
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Thursday, July 20, 2017
Basic Materials and Commodities Analysis and Trend Forecasts / Commodities / Metals & Mining
By: Rambus_Chartology
Since the Basic Materials sector is breaking out I would like to take an in-depth look at some of the stocks that make up the Basic Materials sector along with some commodities in general. Most commodities have had a tough go of it since they topped out in 2011, but there are some signs that they may be bottoming, which could lead to a substantial rally over the intermediate to the long term. As you will see some of the bottoming formations are very symmetrical while others are pretty ugly, but as long as they can make a higher high and higher low an uptrend is in place.
Lets start with the CRB index which built out a one year bearish rising wedge formation that broke to the downside in March of this year. The price action has been chopping to the downside and has gotten a bounce to the upside in late June. Normally the price objective of a rising wedge is down to the first reversal point where the pattern started to build out.
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Thursday, July 20, 2017
The US Dollar Falls To New Lows, And So Do The Excuses To Explain It / Currencies / US Dollar
By: Submissions
Mike Golembesky writes: The DXY Index, which is widely cited in the financial press as the "Dollar" or "US Dollar," has seen a correction that began in January of this year after topping at the 103.82 level, and has continued into this week's (Tues July 18) low, which came in at 94.48. This represents a move of just under 9%, which in the currency markets is not a small move.
Wednesday, July 19, 2017
Nasdaq: Not Parabolic Yet / Stock-Markets / Stock Market 2017
By: Gary_Savage
At the bubble top in 2000 the Nasdaq was 156% above its 200 week moving average. Currently the Nasdaq is 29% above its 200 week moving average. Clearly not parabolic yet.
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Wednesday, July 19, 2017
How Steel Became US Security Concern – and Global Trade War Threat / Politics / Protectionism
By: Dan_Steinbock
As the White House seeks to turn steel overcapacity into a national security matter, the issue is alienating not only China but America’s NATO allies.'They're dumping steel and destroying our steel industry, they've been doing it for decades, and I'm stopping it. It'll stop,' US President Donald Trump declared during a recent flight from the US to France. “There are two ways: quotas and tariffs. Maybe I'll do both,” he added at the eve of his administration’s first Sino-US Comprehensive Economic Dialogue (CED), also known as Diplomatic and Security Dialogue (D&SD).
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Wednesday, July 19, 2017
Bitcoin PullBack Is Over (For Now): Cryptocurrencies Gain Nearly A 50% In Last 48 Hours / Currencies / Bitcoin
By: Jeff_Berwick
So much for the cryptocurrency correction. Two days ago when bitcoin hit nearly $1,800 and the market capitalization of all cryptocurrencies nearly touched $60 billion, I wrote in my article entitled, “Coinpocalypse”, “I am now thinking it has dropped enough to start wading back in.”
And, it appears I nailed it almost down to the minute. As soon as that article went live, the cryptocurrencies began staging a comeback. And they continue to do so as we speak.
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Wednesday, July 19, 2017
Stock Market Forecast: OPEX Week July 2017 / Stock-Markets / Stock Market 2017
By: Brad_Gudgeon
I have SPX falling to 2444/45 Wednesday and GDX down to near 21.90/.93. By Friday SPX should be tagging 2479 and GDX to near 22.99/23.00. Past cycles and VOL cycle suggest an up open tomorrow that will be sold. By 11:00 EDT we should see a sell-off to 2444/45 SPX. Wisdom dictates late day buying (3:00) of XIV on the secondary low. I like VXX or UVXY on the open Wednesday. A 6% gain in UVXY is possible tomorrow into late in the day on the secondary low.Read full article... Read full article...
Wednesday, July 19, 2017
Biotech with Alzheimer's Focus Makes Progress on Several Fronts / Companies / BioTech
By: TLSReport
In its corporate update for Q2/17, a Canada-based biotech targeting neurological disorders including Alzheimer's disease informed investors of advancements in several programs, including designation of a second validated lead compound in development.
Among ProMIS Neurosciences Inc.'s (PMN:TSE) "key accomplishments" in the quarter, the company noted it expanded its potentially "best in class amyloid-beta (Aβ) portfolio for Alzheimer's disease," according to a July 10 news release. In its oral presentation, the company stressed its emphasis on the "best in class" goal, noting that even though Biogen Inc.'s (BIIB:NASDAQ) aducanumab will be "first in class" and is progressing well in development, the ProMIS compound could be more selective and possess greater patient benefits.
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Wednesday, July 19, 2017
DOW Drops 200 Points in Lock Step with Wave Count! / Stock-Markets / Stock Market 2017
By: Enda_Glynn
My Bias: LONG
Wave Structure: rally in wave [C]
Long term wave count: wave [C] is underway, upside to above 136.00
Important risk events: JPY: Monetary Policy Statement. USD: Housing Starts, Building Permits, Crude Oil Inventories.
Wednesday, July 19, 2017
AAPL's 6% June slide - When Prices Are Falling, TWO Numbers Matter Most / Companies / Apple
By: EWI
On June 29, the Apple iPhone turned 10 years old. But, for many, the mood surrounding the milestone was less than celebratory. Reason being, in June alone, Apple Inc. (AAPL) plunged 6% to two-month lows amidst a broad-scale bruising of the global tech sector.
And so, the cursor on some Smartphone stock trading apps sits there -- blinking, blinking, blinking...
What's the next move? Is AAPL's 6% sell-off the start of a new downtrend. Or, will prices find a bottom and reclaim the upside?
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Wednesday, July 19, 2017
Discover Why A Major American Revolution Is Brewing / Politics / US Politics
By: Harry_Dent
I have written many articles on how extremely polarized our politics has become in the last decade. I’ve dedicated several Leading Edge newsletters to the topic. I talked about it at our 2016 Irrational Economic Summit. I even discuss it briefly in my new book, Trump, Brexit, and the Next Civil War, which will be available around mid-August.I talk about it so much because it’s related to the mega 250-Year Revolution Cycle sweeping over us right now. We’ll feel the effects of this cycle for decades to come… which I detail in my new book.
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Wednesday, July 19, 2017
We Will Face The Greatest Stock Market Turning Point In October- Beware! / Stock-Markets / Stock Market 2017
By: Harry_Dent
Normally the worst season for the stock market is between July and November, especially August through mid-October, with September the worst month for losses (on average, of course).
The first wave of the 1929 to 1932 crash ran from early September into mid-November, claiming a loss of 47% in just two and a half months.