Monday, August 03, 2015

The Real Message of Plunging Commodities Prices / Commodities / Commodities Trading

By: Michael_Pento

The Chinese stock market recently saw its biggest selloff in 8 years as the dramatic 8.5% fall in Shanghai "A" shares also rattled markets around the world.

For the past few weeks China has been balancing its desire to keep the equity market from a complete meltdown, while still courting the international investment community with hopes of being a dominant player in the capital and currency markets.

Monday, August 03, 2015

Gold – The More Hate, The More Bullish We Become / Commodities / Gold and Silver 2015

By: SecularInvestor

After gold’s breakdown on Sunday July 20th, we have seen an avalanche of negative commentaries. Admittedly, from a chart perspective the breakdown does not bode well. We have to get that straight. The technical breakdown is going to lead the price of gold in US dollar terms towards $1,000 /oz, potentially lower.

But if we compare this breakdown in gold with the one in April and June of 2013, we would say the one from last week is a small dip on the long term chart while the one of 2013 was a real collapse. However, the negativity that was triggered by the latest small price drop is much stronger.

Monday, August 03, 2015

Silver Price - Are We There Yet? / Commodities / Gold and Silver 2015

By: Dr_Jeff_Lewis

For an individual to fix Libor is a crime. For a central bank to suppress European bond yields is an act of financial statesmanship. - Jim Grant

ca·pit·u·la·tion

kəˌpiCHəˈlāSH(ə)n/

noun 

Monday, August 03, 2015

Crude Oil USO ETF Elliott Wave Analysis / Commodities / Crude Oil

By: WavePatternTraders

USO

It’s been 6 weeks since the last post of Oil http://www.wavepatterntraders.com/elliott-wave-analysis-of-uso-oil/ In that time we have a seen a great decline for those that have been short this market, looking at the gyrations I think based on the CL contract, I suspect USO is only ending wave 3, so whilst we should be close to a short term low for wave 3, the likelihood is that any bounce for wave 4 should prove to be a bull trap and then target new lows for wave 5.

Monday, August 03, 2015

Stock Market Report: Three’s a Crowd / Stock-Markets / Stock Markets 2015

By: WavePatternTraders

SPX

The SPX still appears to be inside the suspected ending diagonal pattern that has been going on from the Oct 2014 lows (aka Bullard lows). The overall look still appears to support the idea of a bearish wedge, or what Elliotticians call an ending diagonal, the back and forth whip is classic behavior for such a pattern, both the bulls and bears get taken to the cleaners as the market is likely ending the trend from the Oct 2011 lows. Once wave 3 or C is completed we should then embark on the largest decline since 2011.

Monday, August 03, 2015

Stock Market Critical Week Ahead / Stock-Markets / Stock Markets 2015

By: Andre_Gratian

Current Position of the Market

SPX: Long-term trend - Bull Market

Intermediate trend – SPX may have started an intermediate correction

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, August 03, 2015

Gold Price Near Intermediate Bottom / Commodities / Gold and Silver 2015

By: Gary_Savage

Let me remind everyone that intermediate cycle lows (ICL), and especially yearly cycle lows in the metals are always hard to hold onto. Even if you catch the exact bottom, they usually resist for a week or more and try to shake everyone off. The metals bottom differently than the stock market. When stocks form an ICL they rocket launch straight up. Traders get instant gratification and a market that quickly moves away from their stop. Gold on the other hand forms much more difficult bottoms. It will usually churn back and forth for a week or longer as traders try to decide whether or not a bottom is forming. It’s during this churn, and especially after a destructive bloodbath phase, that traders can rationalize any number of reasons to get knocked off the bull no matter how good the setup is. Understandably after witnessing a devastating bloodbath phase traders are nervous and skittish that the drop is going to continue.

Monday, August 03, 2015

Stock Market Investors July Were Guests of Game of Thrones "Red Wedding" / Stock-Markets / Stock Markets 2015

By: ...

MoneyMorning.com Michael E. Lewitt writes: The simultaneous blood baths in commodities and U.S. stocks continued in July but failed to penetrate the skulls of U.S. stock investors who continue to allow themselves to be brainwashed into believing that they can only make money by owning an overbought market.

The S&P 500 (INDEXSP:.INX) recovered all of its June losses, gaining 2.1% in July including 1.2% last week to close the month at 2103.92, not far off its record closing high of 2,134.72. The index is now up 2.2% (excluding dividends) for the year.

Monday, August 03, 2015

Strong Bearish Signal Given Today on the Tadawul (Saudi Stock Exchange)! / Stock-Markets / Saudi Arabia

By: Submissions

Bruce Powers writes: A bearish head and shoulders top formation (HS) was triggered today on the Tadawul All Share Index (TASI), with the index falling 3.20 per cent to end the day at 8,807.24. The bearishtrigger was on a move below the neckline at 9,057. Momentum picked up on the way down with the index closing in the bottom quarter of the day’s range. 

Sunday, August 02, 2015

Stock Market Reluctant Primary Wave IV? / Stock-Markets / Stock Markets 2015

By: Tony_Caldaro

The market started the week at SPX 2080. After a gap down opening on Monday the market hit SPX 2064. It then doubled bottomed and hit SPX 2111 by Wednesday. After a gap down opening Thursday to SPX 2095, the market then rallied to close out the week at 2104. For the week the SPX/DOW were +0.95%, the NDX/NAZ were +0.75%, and the DJ World index was +0.70%. Economic reports for the week were generally negative. On the uptick: durable goods orders, Q2 GDP and the Chicago PMI. On the downtick: consumer confidence/sentiment, pending homes sales, the WLEI, plus weekly jobless claims rose. Next week will be highlighted by monthly Payrolls, ISM and the PCE.

Sunday, August 02, 2015

It's a Wonderful Life Without the Federal Reserve Bank / Politics / US Federal Reserve Bank

By: ...

MoneyMorning.com Shah Gilani writes: I have a dream. Well, I had a dream, but maybe it's never coming true, so I'll revel in my real dream.

And what a dream it was…

America had changed overnight. I didn't know what had happened, but everything was different the morning I woke up (while I was, unfortunately, still in my dream).

Sunday, August 02, 2015

Power and Compassion / Politics / Social Issues

By: Raul_I_Meijer

Time to tackle a topic that’s very hard to get right, and that will get me quite a few pairs of rolling eyes. I want to argue that societies need a social fabric, a social contract, and that without those they must and will fail, descend into chaos. Five months ago, I wrote the following about Europe:

Sunday, August 02, 2015

Preparing for The Stock Market Crash - Inverse ETFs and Puts Timing... / Stock-Markets / Financial Crash

By: Clive_Maund

In this update on the broad market S&P500 index we are going to look at no less than 5 charts for it, covering different time frames, the reason for this is that there are different points to make on each of these charts.

Before looking at the charts for the S&P500 index we are going to review first a range of charts, including the latest charts for Margin Debt and NYSE available cash. These charts provide the direst warning imaginable of impending trouble.

Sunday, August 02, 2015

Commodity Prices Slump Signals Slow Economic Growth Outlook / Commodities / Commodities Trading

By: Dan_Norcini

In my opinion, the surest method for ascertaining what the sentiment is towards overall global economic growth prospects is the commodity sector performance.

When sentiment is upbeat towards global growth, commodities tend to be in a strong uptrend on the charts. The reverse is true when prospects turn sour; commodities have a general tendency to sell off.

Sunday, August 02, 2015

BSE Sensex Stocks Bear Market Underway / Stock-Markets / India

By: Austin_Galt

The Indian stock exchange, the BSE Sensex, looks to be tracing out its first steps in a new bear market so let's review the action using the monthly and weekly charts.

Sunday, August 02, 2015

Stock Market Some Day..... / Stock-Markets / Stock Markets 2015

By: Jack_Steiman

We are all trying to wrap our heads around this base. Arguments can be made on both sides. The bulls will tell us that sentiment is unwinding nicely as we hold the range, while the bears will say the longer this goes on without breaking out tells us the bulls have run out of steam. Actually, both are right to some degree but the truth is that we really don't understand fully why the market won't make a definitive move one way or the other. S&P 500 2134 and 2040 are rock solid in terms of resistance and support. There are other factors. Ms. Yellen is clearly dovish and wants this market higher. She's playing up how rates won't be aggressively raised, if at all this year. When she spoke Wednesday at their last meeting she said they are still data dependent, and they made no firm statement about raising rates in September, which is when everyone believes she will do the dirty deed. She seemed to almost go out of her way to let us all know that she may not raise it at that time.

Sunday, August 02, 2015

What Microsoft’s Dismal Earnings Report Really Tells You / Companies / Microsoft

By: ...

MoneyMorning.com Keith Fitz-Gerald writes: The markets are quiet right now, even the typically volatile technology sector. But as the saying goes, past is prologue. Recent events surrounding Microsoft Inc. (NYSE:MSFT) presage big investment opportunities to come.

Microsoft’s latest earnings report landed with a resounding thud last week, catching millions of investors by surprise and prompting yet another round of debate about where to invest your “tech” dollars.

Sunday, August 02, 2015

Gold And Silver Charts Are The Compelling Story. Fundamentals Do Not Apply / Commodities / Gold and Silver 2015

By: Michael_Noonan

Not in 2013, not in 2014, and so far, nothing positive for the price of gold and silver has developed in what looks like for the balance of 2015. Most of the highly regarded gold and silver sites and bloggers have been expecting an upside breakout, some even saying an explosive breakout. As we have been saying for the past few years, the "eyes" have it. Just by following developing price activity, in chart form, it is more than obvious that price continues to languish at recent 4 -5 year lows with NO signs of ending.

It does not matter how much gold China has bought, how many gold/silver coins have been sold to the public, even record numbers. It does not matter how low is the existing supply for silver and its excessive and growing demand. So far, it has not mattered how the miners have been suffering and are closing down operations.

Saturday, August 01, 2015

The Fed Can't Stop the Commodity Bear Market / Commodities / Commodities Trading

By: EWI

Only a shift in investor psychology -- i.e. the Elliott wave pattern -- can

For many commodity investors, the last four years have felt like one long, bad dream. The kind where you're tied to a railroad track as a train heads straight for you -- in slow motion. You can't move, can't scream, can't do anything but lay there and wait for the point of impact. On July 29, that point seemed closer than ever when the S&P GSCI index, a measure of a basket of 24 commodities, plunged to its lowest level in 13 years.

Saturday, August 01, 2015

Markets Floor Monkeys and Decentralization of Risk / Stock-Markets / Financial Markets 2015

By: John_Mauldin

As most of you know, I used to be a clerk on the floor of the old P. Coast options exchange in San Francisco. What a place. I could tell stories about that floor for weeks. The craziest things you ever heard.

But let’s keep it professional. The funny thing about a trading floor like the PCX (or the NYMEX, or the CME) is that you have winners and losers. You have big winners and big losers. You have people who blow themselves up. You have people who blow themselves up so spectacularly, they take a chunk out of their clearing firm.