Friday, May 24, 2019
China Hang Seng Stocks Index Collapses and Commodities / Stock-Markets / Chinese Stock Market
By: Chris_Vermeulen
The Chinese Hang Seng Index collapsed early this week to new recent lows. This breakdown in the Chinese major stock index highlights the anticipated fallout from the continued US/China trade war. Recent data from the Chinese property market and corporate bond markets suggest a broad slowdown in economic activity which may surprise many foreign investors in the weeks/months to come.
Partner this continued economic weakness with the EU Elections and the continued US/China trade issues and we almost have a perfect storm for commodities such as Oil, Copper and other industrial/transportation related shares. If the trade continues to collapse between the US/China while elections cause the general populations to “pause” in traditional spending habits, it would suggest that we could see a continued breakdown in the general commodity levels over the next 6~12+ months.
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Friday, May 24, 2019
Costco Corp. (COST): Finding Opportunity in Five Minutes or Less / Companies / Company Chart Analysis
By: EWI
Our FREE video shows how wave clarity is the first step to identifying a high-probability trade set-up.
Our chart of Costco Wholesale Corporation as of March 12. If today was March 12, could you assess within five minutes where this popular stock was headed next?
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Friday, May 24, 2019
How Free Bets Have Impacted the Online Casino Industry / Personal_Finance / Gambling
By: Submissions
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Friday, May 24, 2019
Stocks Topping, Dollar Up, Gold Getting Closer - AUDIO / Stock-Markets / Financial Markets 2019
By: Chris_Vermeulen
Chris Vermeulen joined us today. He believes that the stock market is topping out if it hasn’t already. This will lead to increased volatility and a move back to safe haven assets, i.e. gold. He believes that oil will break down briefly into the ’50s and then come roaring back shortly thereafter. The bigger and faster the decline, the fast the bounce back. Interest rates are headed lower.
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Friday, May 24, 2019
The Fed Is Caught Behind The Curve / Interest-Rates / US Interest Rates
By: Avi_Gilburt
I have written many times about how the Fed follows the market and does not lead it. And, we are about to see yet another example of history’s lessons.
For those that followed our work over the years, you would know that we called for a top to the bond market on June 27, 2016, with the market striking its multi-year highs within a week of our call. Since that call, TLT dropped 22%, until we saw the bottoming structure develop in late 2018.
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Friday, May 24, 2019
This Ultimate Formula Will Help You Avoid Dividend Cutting Stocks / Companies / Dividends
By: Robert_Ross
Many of you probably don’t have a telephone at home.
I’m not talking about a cell phone. I’m talking about a phone plugged into the wall.
The US Health Department reports that only 6.5% of homes are landline only, and most of them are in rural areas.
One company that services these stalwart landline customers is CenturyLink (CTL). It’s not a high-growth business, but its stable customer base made it a prime target for income investors.
This was doubly true after CenturyLink spiked its annual dividend from $0.26 to $2.17 in 2008. That lifted the company’s dividend yield to a hefty 7%.
Friday, May 24, 2019
The Top Three Benefits of a Lottery Online Account / Personal_Finance / Gambling
By: Submissions
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Friday, May 24, 2019
Technical Analyst: Gold Price Weakness Should Be Short Term / Commodities / Gold & Silver 2019
By: Clive_Maund
Technical analyst Clive Maund charts gold and explains why he believes gold will turn higher later in the summer. Gold and silver dropping back again late last week had investors in the precious metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900s or even lower, which is normal when prices sink, but our charts are instead suggesting that gold and silver are close to completing giant bottoming patterns that started to form (in the case of gold) as far back as 2013.
We can best see gold's potential giant base pattern on a 10-year chart. It can be described as a complex Head-and-Shoulders bottom or as a Saucer, and is best considered to be both, or perhaps as a hybrid having the characteristics of both patterns. In any event, as we can see on this chart, it appears to be drawing close to breaking out of it, which will be a very big deal if it happens, because a base pattern of this magnitude can support a massive bull market. As for timing it could take several months and it is most likely to happen during gold's seasonally strong period from July through September. To maintain the bullish case it must stay above the Saucer boundary.
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Friday, May 24, 2019
Silver Price Looking Weaker than Gold / Commodities / Gold & Silver 2019
By: Clive_Maund
Technical analyst Clive Maund charts silver and finds that it looks "considerably weaker than gold."Technical analyst Clive Maund charts silver and finds that it looks "considerably weaker than gold."
Silver looks considerably weaker than gold, although that is normal at this stage in the cycle. It is still considered likely that it is forming a Double Bottom with its lows of late 2015, and if so then the support at those lows should hold.
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Friday, May 24, 2019
Downward Reversal in Oil Is Knocking on the Door / Commodities / Crude Oil
By: Nadia_Simmons
Crude oil hasn’t closed higher yesterday and the previous series of rallies appears to face stiff headwinds. Is this it, or can the oil bulls pull a rabbit out of their hats? After all, they’ve reversed Monday’s downswing already. Or does the prospect of wide spectrum U.S. - China uncertainties have the upper hand? It’s making itself heard across the board and crude oil is no exception. Let’s assess the technical picture now.
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Friday, May 24, 2019
Nigel Farage's Brexit Party EU Elections Seats Results Forecast / ElectionOracle / BrExit
By: N_Walayat
It's May the 23rd and we're off to vote in the EU Elections, elections that shouldn't be taking place because Britain was supposed to LEAVE the EU on the 29th of March, but here we are near 6 weeks on forced to vote in an election that shouldn't be taking place!
So this election looks set to deliver Britain's political establishment another bloody nose as many millions of voters will ensure that the winner of the election will br Nigel Farage's Brexit party that looks set to far out poll other parties, perhaps even beat Labour, Lib-Dems and Tories combined!
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Friday, May 24, 2019
Powerful Signal from Gold GDX / Commodities / Gold and Silver Stocks 2019
By: P_Radomski_CFA
Gold and silver declined a bit yesterday, but mining stocks reversed and closed the session higher. It seems that the miners showed strength, especially that they formed a bullish reversal candlestick. But did they? The reversal candlesticks should be confirmed by strong volume and what we saw in the GDX ETF yesterday was the lowest daily volume of the year. In fact, the GDX volume was lower than any volume that we saw in 2018. And 2017. And 2016. And even 2015. The last time when we saw as low a volume was on May 21, 2014 (yes, exactly 5 years earlier). So, how should we read this price action?
It is not the reversal or relative strength that is the powerful signal from the GDX. It’s the extremely low volume reading. What makes it so important right now, is that since March 2013 there were only four similar cases and they were all followed by exactly the same thing.
Quick declines.
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Thursday, May 23, 2019
Eye Opening Currency Charts – Why Precious Metals Are Falling / Currencies / Forex Trading
By: Chris_Vermeulen
The incredible strength of the US Dollar over the past 12+ months has put downward pricing pressure on Gold and Silver. I believe this downward pricing pressure could be muting any upside price advanced in Gold and Silver by as much as 20% to 30% or more.
The US Dollar has turned into the global “safe-haven” for international investors and foreign governments. Over the past 6 to 12 months, or more, the US Dollar has been the only fiat currency to see any strength and upward trend. All the other major global currency levels have fallen – some dramatically lower.
The EUR, GBP, AUD, CAD, and CHF have all fallen sharply over the past 6 to 12 months as the strength of the US Dollar and US Economy continued to surprise many. We’ve been calling this a “capital shift” that started back in 2015~2016 – when the 2016 US Election cycle began and China began to implement capital controls. At the same time, foreign nations such as Brazil and Venezuela began to shift into an economic abyss while the UK dealt with BREXIT negotiations. All of these external factors created an environment where the US Dollar became a global safe-haven for global investors – all of which were seeking US equities and US Dollars to hedge weakening foreign currencies and weak foreign stock market performance.
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Thursday, May 23, 2019
Netflix Has 175 Days Left to Pull Off a Miracle… or It’s All Over / Companies / Internet
By: Stephen_McBride
Last year, half of Americans aged 22 to 45 watched zero hours of cable TV. And almost 35 million households have quit cable in the past decade.
All these people are moving to streaming services like Netflix (NFLX). Today, more than half of American households subscribe to a streaming service.
The media calls this “cord cutting.”
This trend is far more disruptive than most people understand. The downfall of cable is releasing billions in stock market wealth.
Combined, America’s five biggest cable companies are worth over $750 billion. And most investors assume Netflix will claim the bulk of profits that cable leaves behind.
Thursday, May 23, 2019
UK Savers Lock in Cash to Beat Inflation Erosion / Personal_Finance / Savings Accounts
By: MoneyFacts
Savers looking to beat the eroding impact of inflation will find that fixed bond rates have risen in the past 12 months, so they can now get a better true return on their cash. Not only this, but easy access and notice account rates are also increasing, however none of the rates on offer in these sectors are currently able to beat inflation.
Despite the fact that inflation has now risen above the Government target of 2%, the latest research from Moneyfacts.co.uk shows that it still remains lower than the level seen in both May 2017, when the Consumer Prices Index (CPI) for April was announced at 2.7%, and May 2018 when inflation was 2.4%. Better still, savings rates have risen over both time periods.
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Thursday, May 23, 2019
Elliott Wave Analysis of GBPUSD / Currencies / British Pound
By: WavePatternTraders
I suspect a relief bounce is close at hand for some of the GBP pairs, when we look at the decline from the May 2019 high, the new low on pairs such as GBPCHF and GBPCAD are supportive that the new low on GBPUSD is most likely the 5th wave of an impulse wave (5 wave decline) from 13176.A partial rally in 3 waves is favored soon, that can offer an opportunity for traders that are looking to sell GBPUSD, stops need to be placed at 13176. That is likely to align with a bounce on pairs like GBPCHF and GBPCAD etc.
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Thursday, May 23, 2019
Capitalism Works, Ravenous Capitalism Doesn’t / Economics / Economic Theory
By: Raymond_Matison
For more than a century, capitalism has proven to be successful in expanding the efficient manufacture of goods and agricultural products, increasing jobs and incomes, promoting technological innovation, decreasing poverty and improving the general welfare of humans globally. By contrast, socialism and communism with its centrally planned economy and collectivism historically have produced misery, war, need and poverty through oppressive totalitarian governments.
Super hedge fund manager Ray Dalio, the president of Bridgewater Associates, the very successful and largest hedge fund in America recently released a thoughtful and timely report stating that “capitalism is broken” - pointing to, among other things, the gross income disparity between high and low earners. Ray Dalio’s judgment of broken capitalism relates to his observation that the vast majority of wages going to the top 5% wage earners does not benefit the overall economy, destabilizes society and is destructive to capitalism. The fact that a true-blue capitalist wrote the article should alert industrialists, globalists, bankers and all capitalists that perhaps “capitalism with American characteristics” has veered off its previously successful course. Capitalism does work; but ravenous capitalism is indeed self-destructive. The bounty of capitalism must be shared not only with its owners or investors, but also with its other “significant partners” – the nation’s workers.
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Thursday, May 23, 2019
Trump's futile quest for a renminbi Plaza Accord / Politics / Protectionism
By: Dan_Steinbock
Recent US media reports claim China may depreciate its renminbi to cope with shrinking exports. Yet, economic realities are precisely the reverse. Worse, trade wars are about to hit American consumers. Recently, the White House lifted tariffs to 25% from 10% on $200 billion of Chinese goods, while targeting another $300 billion worth of Chinese imports for potential punitive tariffs.
As was to be expected, the renminbi depreciated from 6.7 to more than 6.9 against the US dollar, mainly on renewed trade tensions.
China retaliated by imposing duties on $60 billion of US goods, starting June 1. China could have retaliated hard, but opted for a mild response that highlights the importance of talks.
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Thursday, May 23, 2019
Bitcoin's Strong Extensions Warn The Bear May Try To Come Back / Currencies / Bitcoin
By: Avi_Gilburt
In our last update, we stated that Bitcoin was providing us the minimum price patterns to suggest that a bull market was under way. Moreover, we were looking for a standard corrective pullback to solidify the bull market case.
But when the price action is too strong, it can flash warnings signals. This is clearly what we have seen over the last week or two. Price is always king, and we must not act emotionally as price barrels upward. We must continue to put price action to the test, as it is the only truth in the market.
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Thursday, May 23, 2019
The Euro Is Bidding Its Time: A Reversal at Hand? / Currencies / Euro
By: Nadia_Simmons
Relentlessly, the USD Index keeps pushing higher. The euro has come under pressure earlier today though it looks to have stabilized. How close are we to the euro flashing a buy signal and how strong would that have to be to make us act? Is it time to change sides and make another quick buck or two this way? And what about the rest of our profitable positions?