Category: Financial Markets 2017
The analysis published under this category are as follows.
Tuesday, January 02, 2018
2017 The Year of Weapons of Mass Distraction / Stock-Markets / Financial Markets 2017
By: Nadeem_Walayat
2017 proved to be a year of mass distractions. There was Trump the con man who promised everything but delivered near nothing. though that did not stop him from claiming success in everything! However he remains very entertaining with his mad tweets and rhetoric of unleashing nuclear war, that the mainstream media were more than eager to regurgitate 24/7. So the greatest weapon of mass distraction of 2017 was being engrossed by the actor playing the part of being President of the United States. A year of twitter storms and war of words especially against North Korea's 'little rocket man':
“If the US is forced to defend itself or its allies, we will have no choice but to totally destroy North Korea.”
“Rocket man is on a suicide mission for himself and his regime".
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Saturday, December 30, 2017
UK Markets: FTSE 100 Diverges With British Pound / Stock-Markets / Financial Markets 2017
By: Submissions
UK markets continue to garner more of the attention in the financial media as we are now seeing a strong divergence between the activity of the FTSE 100 stock benchmark and the underlying value of the British Pound (GBP). This is significant because it ignores many of the market trends that have been place since the early parts of 2017, and so there are real concerns here for traders that might be positioned on the wrong sides of these markets.
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Friday, December 29, 2017
Stocks Rise, USD Falls / Stock-Markets / Financial Markets 2017
By: Anthony_Cherniawski
SPX futures finally made the final high that has been discussed earlier this week. Of course, the central banks had to wait until the last day of the year. Yesterday was proposed as the final day of strength by the Cycles Model, but that doesn’t mean it cannot be stretched. The final target may be as high as 2719.00, but as it rises over 2700.00, we may see some selling prossure kick in.
ZeroHedge reports, “With just a few hours left until the close of the last US trading session of 2017, and most of Asia already in the books, S&P futures are trading just shy of a new all time high as the dollar continued its decline ahead of the New Year holidays.
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Wednesday, December 27, 2017
What Is The Difference Between Bitcoin, Amazon, Tesla And The S&P500? / Stock-Markets / Financial Markets 2017
By: Avi_Gilburt
Bitcoin has certainly gone much higher than most investors have expected, but so have Amazon (NASDAQ:AMZN), Tesla (NASDAQ:TSLA) and the S&P500. In fact, in 2015, we targeted the 2537-2611 region as our ideal target from the 1800 region. And, the market is now approximately 3% beyond even our upper target region set two years ago for just this wave degree. But, we still expect the SPX to be well over 3000 before this bull market off the 2009 lows completes.
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Tuesday, December 26, 2017
Will the Last Week of December Surprise the Financial Markets? / Stock-Markets / Financial Markets 2017
By: Anthony_Cherniawski
Holiday Greetings!
I hope you and those you love are doing well over the holidays. My wife and I were happy to learn that another grandchild is on the way. SPX futures are marginally lower, but continue to find support at the upper trendline of the Broadening formation.
ZeroHedge reports, “For the second day in a row, most Asian markets - at least the ones that are open - were dragged lower by tech stocks and Apple suppliers, with the MSCI Asia Pacific Index down 0.2% led by Samsung Electronics and Taiwan Semiconductor Manufacturing in response to the previously noted report that Apple will slash Q1 sales forecasts for iPhone X sales by 40% from 50 million to 30 million. Most Asian equity benchmarks fell except those in China. European stocks were mixed in a quiet session while U.S. equity futures are little changed as markets reopen after the Christmas holiday.”
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Thursday, December 21, 2017
Gold, Stocks, Bitcoin in 2018. Everything Bubble Bursts? - Video / Stock-Markets / Financial Markets 2017
By: GoldCore
In this our first GoldNomics podcast we take a look at the major financial market themes of 2017 and delve into the outlook in 2018. GoldCore CEO Stephen Flood and GoldCore’s Research Director and world renowned precious metals commentator Mark O’Byrne are interviewed by Dave Russell.
Macro-economic and geo-political developments are considered in an attempt to assess the risks of a global financial shock in the coming year and the outlook for bitcoin, stocks and gold. We cut through the financial markets jargon and look at the risks to your investment portfolio and financial wellbeing that are largely ignored in the mainstream media.
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Thursday, December 14, 2017
Dollar and Bonds are Showing Weakness/Sell Signals / Stock-Markets / Financial Markets 2017
By: Anthony_Cherniawski
USD/JPY is on a sell signal by crossing beneath the 50-day Moving Average at 112.88.
USD has also crossed beneath its 50-day Moving Average at 93.71. It is currently at 92.45.
TNX has also crossed beneath its 50-day Moving Average at 23.61. It is still within its consolidation area, so I will withhold judgement pending further developments.
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Friday, December 08, 2017
Gold, Stocks and Bonds - The 3 Amigos Update / Stock-Markets / Financial Markets 2017
By: Gary_Tanashian
I realize this theme could be wearing on some people, but with all the subtlety of a sledgehammer I am going to pound it until it either aborts or completes. It is, in my opinion, too important not to.
Amigo 1: Stock Market vs. Gold
The pattern that formed from 2015 to 2017 measures to 2.50. The 38% Fib retrace level just happens to be that as well. Interpretation: Bullish until the 2.50 area is reached, then major caution.
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Friday, December 01, 2017
3 Global Financial Markets That Could Indicate an Interim Correction / Stock-Markets / Financial Markets 2017
By: Gary_Tanashian
Here are a few global ETFs with little room to drop in order to avoid daily chart technical breakdowns. That does not mean the end of the larger up trends, but could signal oncoming intermediate corrections if they do fall further and close the week that way (pre-market is red). The question would be, are they leading the fiscally drunk US market and its chronic tweeter in chief/stock pumper?
Saturday, November 25, 2017
Taxes, Macro Signals, Market Seasonality, US Stocks and Gold Miners / Stock-Markets / Financial Markets 2017
By: Gary_Tanashian
While politicians hammer out the details it is generally accepted that corporations and by extension the investor and asset owner classes are targeted for benefits under the coming Republican tax plan. The logical implication of that beneficial treatment is that barring a market meltdown in the interim, people looking to unload stock positions and take profits would tend to wait until January in hopes of gaining the 2018 tax benefit vs. 2017’s tax code.
Among the under performing sectors subject to tax loss selling in late 2017 I have selected the gold miners for this post because they tend to be counter-cyclical and “in the mirror” to the broad risk ‘on’ asset party currently ongoing. We have noted again and again that with the asset party in full swing the miners’ fundamentals cannot possibly look good, and at face value they don’t. Sector fundamentals like gold/oil and gold/materials ratios are not good and macro fundamentals like gold vs. stock markets, the economy (which is relatively strong) and the yield curve are not at all supportive either… as they currently stand.
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Friday, November 24, 2017
Stocks and Precious Metals Charts - Thanksgiving / Stock-Markets / Financial Markets 2017
By: Jesse
"At times our own light goes out and is rekindled by a spark from another person.
Each of us has cause to think with deep gratitude of those who have relighted the flame within us." Albert Schweitzer
"Gratitude is the most exquisite form of courtesy." Jacques Maritain
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Wednesday, November 22, 2017
Financial Markets Appear Calm, But Liquidity May Be Drying Up / Stock-Markets / Financial Markets 2017
By: Anthony_Cherniawski
SPX futures are marginally higher, having made a premarket high of 2600.00 in futures which translates roughly to 2602.00 in the cash market.
Today’s market may trade in a narrow range on extremely low volume as most traders have left for the holiday.
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Tuesday, November 14, 2017
The Dangers of Zero / Stock-Markets / Financial Markets 2017
By: MoneyMetals
Zero is an important number in the psychology driving demand for bullion. There are periods when investors find the argument that gold or silver prices “will never go to zero” compelling.
The 2008 financial crisis and the years immediately following it are the most recent example. The fear of conventional securities and even the fiat dollar becoming worthless was palpable for many in the metals markets. Bullion demand hit record levels.
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Wednesday, November 08, 2017
Markets are Warning, But No Major Sell Signal / Stock-Markets / Financial Markets 2017
By: Anthony_Cherniawski
SPX futures are challenging the upper trendline of the Broadening Wedge formation. Should it break through, the next level of support appears to be the lower Diagonal trendline at 2570.00. These supports are what makes the decline appears controlled and manageable. However, once beneath them, the decline becomes stronger as the SPX hones in on the next target indicated by the formations. For example, the Ending Diagonal formation, once triggered, is often completely retraced, with a target near 2400.00.
The smaller Broadening formation was relabeled as an Orthodox Broadening Top due to the near-horizontal lower trendline. If so, the first decline may stop at the Cycle Bottom support at 2499.76. We should remain flexible to allow for the possible conflicts between formations. It will become clear in the end.
Saturday, November 04, 2017
Markets At the Junction of Risk ‘On’ and Risk ‘Off’ / Stock-Markets / Financial Markets 2017
By: Gary_Tanashian
[edit] As I do the actual work of plowing through NFTRH 472 I am noting some non-bond related indicators in line with the fading Junk/Quality ratios and easing Treasury yields noted in this post. If preliminary hints in these indicators intensify and long-term yield breakouts fail, we may get a market reaction of some kind and lurch to risk ‘off’ sooner rather than later. Most market charts remain straight up bullish. But charts are charts and indicators are a whole other animal.
This post serves as a public version (i.e. more wordiness than is usual in an NFTRH report) of NFTRH 472’s Bonds & Related Indicators segment. If you’re not following bonds closely, you’re not really following stock and asset markets. You’re throwing darts.
At the junction of the inflated risk ‘on’ trade (stocks, global growth assets, etc.) and risk ‘off’ (gold, Treasury bonds, cash & equivalents, etc.) are the pivotal indicators to these conditions, Treasury bond yields, yield dynamics and bond market signals.
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Wednesday, November 01, 2017
Is a Year End Rally in Risk Markets Coming ? / Stock-Markets / Financial Markets 2017
By: Submissions
The Bank of Japan left its massive monetary stimulus program unchanged even as it trimmed its inflation forecasts, signaling further divergence ahead from its global peers.
Friday, October 20, 2017
GOLD Price Creates Bullish Higher Low / Stock-Markets / Financial Markets 2017
By: Enda_Glynn
We had an interesting development in stocks today.
The market hit a no-bid 'air pocket' and the price dropped dropped 100 points right out of the gate.
This is not a good sign if you are a bull,
The price has recovered this evening but I am marking this one in my diary as the first shot across the bow.
I will elaborate on that later.
Wednesday, September 27, 2017
DOW Jones and CRUDE Oil Reaching the End of the Line / Stock-Markets / Financial Markets 2017
By: Enda_Glynn
Hi everyone.
All I have seen throughout the day was one article after the next speculating
on what Yellen may have meant when she said,
Well,
Whatever it is that she said!
I do not care what Jannet Yellen said,
Or what Jannet yellen thinks is going to happen in the future.
Tell me the last time a central bank actually got it right?
As far as I can see,
There is only one single thing that the FED has ever been good at doing,
And that is;
doing the WRONG THING at the wrong time,
pretty much all of the time.
Now is no different,
Saturday, September 23, 2017
Stocks, Gold, Dollar, Bitcoin Markets Analysis / Stock-Markets / Financial Markets 2017
By: SurfCity
As always, I will be adding to this over the weekend and should have all my updates done by 2pm PST on Sunday so please check back then.
Stocks (SPX):
Cycle Status/Outlook: Short term bullish after another new ATH on the SPX this week on day 21. We are slightly lower on day 23 but a 21 day high shifts the odds in favor of a right translated cycle that will make a higher low.
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Friday, September 22, 2017
USDJPY Leads the way for a Resurgent Greenback / Stock-Markets / Financial Markets 2017
By: Enda_Glynn
A very good evening to one and all.
Despite a shock to the system last night,
the sharp USD rally has not invalidated any of the operating wave counts.
Although it is a picture of what is to come for the USD in the near future,
The short term wave counts are pointing to one last push up before completing the larger structures.