Thursday, May 11, 2017
Stocks Fluctuate Along Record Highs - Topping Pattern Or Just Pause? / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains 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
Thursday, May 11, 2017
Gold’s Big Move / Commodities / Gold and Silver 2017
By: Hubert_Moolman
Gold is currently trading near a critical level, from where a massive move up or down is imminent. One of the measures that illustrate we are a close to a big move, is the following resistance line on the gold chart that I have previously highlighted. Below, is a gold chart (from tradingview.net) with the resistance line indicated:
Read full article... Read full article...
Thursday, May 11, 2017
The USD is Going Higher from Here... / Currencies / US Dollar
By: Zach
Got a great set-up here on the $USD index for readers of The Market Oracle.The USD will be going higher from here. How do I know? - The charts are
talking (screaming infact) to us!
So, let's take a look at the UUP DAILY, WEEKLY and MONTHLY charts...
Read full article... Read full article...
Thursday, May 11, 2017
Stock Market Interesting Sell-Off Day / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market had an interesting day today with the indices down in the morning, up midday, and rallying right to within an hour of the close, but could not get through the highs, and then a sharp sell-off ensured. They did hold secondary support, came back very sharply, and finished near the highs for the day.
Read full article... Read full article...
Thursday, May 11, 2017
Fast Charts and World Markets: $18 TRILLION, A Bold Forecast, Inflation(?) / Stock-Markets / Financial Markets 2017
By: EWI
See our global market charts that cover $18 TRILLION, inflation(?), and a truly bold forecast.
Thursday, May 11, 2017
UK Retirement Incomes Hit 33-month High as Record Numbers Turn to Personal Pensions / Personal_Finance / Pensions & Retirement
By: MoneyFacts
Key findings:
· Average retirement incomes increased by 5.2% in Q1 2017 and have risen by almost 15% over the last year. They are now at their highest level since July 2014.
· Retirement incomes have been boosted by strong pension fund returns and generally higher annuity rates.
· The uplift comes at a time when personal pension membership and contributions are at record highs.
Read full article... Read full article...
Wednesday, May 10, 2017
Arizona Legislature Ends Income Taxation on Gold & Silver / Commodities / Gold and Silver 2017
By: MoneyMetals
By Jp Cortez : Phoenix, Arizona (May 10th, 2017) – Sound money advocates scored a major victory today when the Arizona state senate voted 16-13 to remove all income taxation of precious metals at the state level. The measure heads to Governor Doug Ducey, who is expected to sign it into law.
Under House Bill 2014, introduced by Representative Mark Finchem (R-Tucson), Arizona taxpayers will simply back out all precious metals “gains” and “losses” reported on their federal tax returns from the calculation of their Arizona adjusted gross income (AGI).
Read full article... Read full article...
Wednesday, May 10, 2017
Comey and the End of Conversation / Politics / US Politics
By: Raul_I_Meijer
You might have thought, and hoped, that recent events, such as the election of Trump as president of the US, or Brexit, or the rise of Marine Le Pen and other non-establishment forces in Europe, would, as a matter of -natural- course, have led to increased conversation and discussion between parties, entities, whose divisions were material in sparking these events.
Wednesday, May 10, 2017
Czar Trump Fires Comey, Terminates Deep State FBI, CIA Director Next? / Politics / Deep State
By: Nadeem_Walayat
America is fast descending into an alternative reality as the delirium inducing President systemically presses the Reset Button on the United States of perhaps that which has gone before for the past 100 years. The latest step is to systimatically dismantle all opposing law enforcement and intelligence agencies that have been busy discovering and leaking the deep underlying truths that Trump IS Putin's 'Manchurian Candidate', a fellow delirium inducing dictator who has warped the minds of Russians to blame everyone for Russia's woes except the person responsible, Czar Putin, whom Trump is grateful towards for ensuring his election.
Wednesday, May 10, 2017
Gold False Reversal? / Commodities / Gold and Silver 2017
By: Gary_Savage
Gold likes to print false reversals to sucker in longs too early. I'm not convinced the daily cycle has bottomed yet.
Read full article... Read full article...
Wednesday, May 10, 2017
Precious Metals Bottoming In The Upcoming Week? / Commodities / Gold and Silver 2017
By: Submissions
By Avi Gilburt : First published on Saturday May 6 for members of ElliottWaveTrader.net: Last week, I noted that we still likely have lower levels to strike in this complex, but that I expect the market to set up a bottom very soon. I still maintain that expectation as I write this.
Read full article... Read full article...
Wednesday, May 10, 2017
SPX Showing Weakness, but No Breakdown, Yet / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
The SPX futures have been testing yesterday’s low, but no breakdown, yet. I am still treating the peak at 2403.87 as wave [a] of 5. Since it is an (a)-(b)-(c) wave already, it may be complete, but we will not have confirmation until SPX declines beneath the Wave 4 low at 2379.75.
ZeroHedge reports, “Just as the reflation trade appeared to be finding its latest wind, after a modest rise in oil prices over the past 24 hours (now that Andurand has finished liquidating his book) and a halt to the commodity rout in China, Trump threw the markets for a loop again with his firing of James Comey, which has implications on everything from Trump's tax policy (most likely delayed due to more infighting between, and within, the two parties) to US geopolitics (will Trump launch another attack, this time against N. Korea to deflect from this scandal?)”
Read full article... Read full article...
Wednesday, May 10, 2017
Walkers Pay Packet - How Many Wins After Buying 300 Packs of Crisps? / Personal_Finance / Freebies and Comps
By: Anika_Walayat
Like many regular crisp chompers out there, we have been well and truly sucked into Walkers Crisps latest promotion that offers the chance to instantly win a Pay Packet! A cash prize anywhere from £5 to £28,000! Our preferred method of entry is via the multi-packs, that depending on the retailer cost anywhere from a £1 bargain to a £2 rip off! To date we have bought 50 multi-packs totaling 300 packets of crisps. So find out in our latest video whether ordinary shoppers have any real chance of winning a prize after buying 50 multi-packs (300 crisp packs) and if is it a big prize win?
Wednesday, May 10, 2017
Nasdaq 100 Rockets to New All-Time Highs / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market indices had a very interesting session. The Nasdaq 100 had a big gap up, and a sharp run in the morning, taking it up to over 5690, and the S&P 500 popped to 2404, both reaching new all-time highs. In the afternoon, they had a slow, 5-wave constructive pullback, although news of North Korea doing additional missile test caused the market to take a big hit. In the last fifteen minutes, they snapped back just as sharply, and actually finished up on the day on the Nasdaq 100, while the Dow and S&P 500 finished slightly lower in the red.
Read full article... Read full article...
Wednesday, May 10, 2017
Bitcoin Smashes Through $1,800, Price Doubles Since January! / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin seems to rise $100 and to new all-time highs every day lately. And today, it has broken through $1,800!
That means bitcoin has doubled since it was $900 in January! And it now boasts a total market capitalization of nearly $30 billion, which of course is about $15 billion more than it was in January.
Read full article... Read full article...
Wednesday, May 10, 2017
Gold: A Tsunami of Selling, Gold Stocks Buying Opportunity of the Decade / Commodities / Gold and Silver Stocks 2017
By: The_Gold_Report
A chain reaction is forming the last great gold stock buying opportunity of the decade, says Lior Gantz, editor of Wealth Research Group.
want you to take a close, hard look at this chart:
Read full article... Read full article...
Wednesday, May 10, 2017
5 Clean Energy Innovations That Could Transform Our World / Commodities / Renewable Energy
By: OilPrice_Com
By Zainab Calcuttawala - Innovations in energy storage, smart grid, and electricity generation technologies will affect every part of the source-to-consumer supply chain for powering the planet. Energy storage tech improves the viabilities of wind and solar power – two energy sources that remain cost prohibitive due to expenses related to batteries that would store generated energy. Smart grids will regulate the movement of energy throughout a city or state, insuring the areas from crippling blackouts. Developments in electricity generation make sure we make the most out of fossil fuels and other energy sources to improve efficiency.
Read full article... Read full article...
Tuesday, May 09, 2017
America Preaching Politics from the Pulpit / Politics / Religion
By: BATR
When is a law unconstitutional and defaces the First Amendment? Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; is as clear cut as any assertion in the basic law of the land. Yet Donald Trump correct — Lyndon Johnson passed legislation limiting political activity of churches and has lead to the systematic exclusion of religious political speech. Yet the Johnson amendment survived court challenges in 1983, 1990 and 2000, according to Pew. Such perversion of fundamental rights endowed by God and subverted by government illustrates that the nature of politics defies the only legitimate authority, which any society can derive and claim its moral authority upon.
Tuesday, May 09, 2017
How Much Is Gold Really Worth? / Commodities / Gold and Silver 2017
By: Kelsey_Williams
How much is gold really worth? The answer we get depends on who we ask and what their opinion is.
Everyone has an opinion as to what something is worth, whether the object of consideration is their home, a late grandfather’s pocket watch, or a specific stock. In that respect, gold is no different.
The price of a specific item or asset at any given time is a reflection of all those varying opinions. Some are based on fundamentals, some are based on technical factors. But the combination of all the opinions, and the resulting expectations (some expect the price to go up, others expect it to go down or remain the same), plus all of the other known factors at the time that might possibly impact the price, provide us with the clearest possible indication of current value for the item in question: its market price.
Read full article... Read full article...
Tuesday, May 09, 2017
America Needs a Debt Cut Before a Tax Cut / Interest-Rates / US Debt
By: Michael_Pento
President Donald Trump has finally unveiled his broad blueprint for tax reform. Well, at least let’s call it a sketchy outline of one. It would take the top income tax rate for small businesses from 35% to 15%. Theoretically, a business that makes $500k in taxable income, which had been paying roughly $175k in Federal taxes, would then pay closer to $75k. This means our business in this example, which saved 100k in Federal taxes, would have to grow its taxable income to $1,166.666, or by 133% to provide the government with revenue neutrality.