Monday, March 27, 2017
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Monday, March 27, 2017
This Map Explains The Roots Of France’s Growing Nationalism / Politics / France
What does it mean to be French? Inherent in this question is a fundamental tension within French nationalism that is unique to France.
Originally, France consisted of diverse regions with their own languages, resources, and way of life. Take a look at the map below.
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Monday, March 27, 2017
Short Term Stock Market Bottom Close / Stock-Markets / Stock Market 2017
Last week, I was looking for weakness not to exceed 4%. The drop was closer to 1.7%. A positive divergence is occurring on the 1 and 2 hour charts, which should lead to a bounce soon. There is fib support around 2329/30. Already, Sunday night, SPX futures are down 14 points. An attempt to rally into month's end looks likely, perhaps to near 2365 SPX and the dropping 20 day moving average.
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Monday, March 27, 2017
Foundation – Fall Of The American Galactic Empire / Politics / Social Issues
“The fall of Empire, gentlemen, is a massive thing, however, and not easily fought. It is dictated by a rising bureaucracy, a receding initiative, a freezing of caste, a damming of curiosity—a hundred other factors. It has been going on, as I have said, for centuries, and it is too majestic and massive a movement to stop.” – Isaac Asimov, Foundation
“Any fool can tell a crisis when it arrives. The real service to the state is to detect it in embryo.” – Isaac Asimov, Foundation
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Monday, March 27, 2017
Stock Market More Correction Ahead / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues.
SPX Intermediate trend: The correction from 2400 continues,
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 discuss longer market trends.
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Monday, March 27, 2017
US Dollar Inflection Point / Currencies / US Dollar
This is the first of several updates this weekend and I thought I would start with the USD.
This update has four Charts on the USD starting with longer term charts and then moving in for a close up view on the current price action. My first chart is a long term 20 year weekly chart that shows the USD's breakout above the downtrend line from it's last top in 2001. This chart also shows the current uptrend channel out of the 2008 Low (Green and Orange lines).
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Sunday, March 26, 2017
Gold and Silver Weekly Update / Commodities / Gold and Silver 2017
Technical analyst Jack Chan charts the latest moves in the gold and silver markets, noting a tug-of-war between support and resistance.
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Sunday, March 26, 2017
Major Supply Shortage: Critical Minerals Igniting Cobalt Bull Market Mania / Commodities / Metals & Mining
Collapsing oil prices are only the beginning as fossil fuels are turning into a historic relic, says Kenneth Ameduri, chief editor of Crush the Street. He discusses two commodities whose demand he expects to skyrocket as the world shifts to cleaner energy.
Elon Musk is at the forefront of this movement with his innovations that are turning fossil fuels into a historic relic. Some say oil's true price per barrel with the "supply glut" that exists and the innovations in the battery space is $20 per barrel.
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Sunday, March 26, 2017
What Obamacare's Failure Means for America / Politics / Healthcare Sector
The first legislative setback of the Trump Administration is being celebrated by many, but not by middle class taxpayers and business owners. A Republican-led Congress last week failed to generate the consensus required to overturn key provisions of the Affordable Care Act (ACA). In a frank admission of defeat, House Speaker Paul Ryan declared that Obamacare would remain "the law of the land."
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Sunday, March 26, 2017
China’s Rise in Global Robotics: Toward Consolidation / Economics / Robotics
Chinese robotics is positioned for leadership in global robotics, as the emerging industry is moving toward increasing rivalry and consolidation.In the new and emerging industry, the rise of innovative robotics startups heralds the future. In 2016, almost 130 companies were funded by venture capital, including China-based RooBo, Israeli Roboteam, and German ReActive Robotics. While the most valuable deals involved unmanned aerial systems companies (read: drones), they were followed by agricultural robotics, service robots for businesses and personal use.
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Saturday, March 25, 2017
Stocks Have Partied Hard Since Election Night… Now Comes the Hangover / Stock-Markets / Stock Market 2017
The market is now on very thin ice.
Yesterday worked off some of the “oversold” status for stocks, but we are in extremely dangerous territory today.
The S&P 500 has taken out critical support (red line) as well as the bull market trending running back to early November (blue line).
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Saturday, March 25, 2017
Political Week Presurres US Stock Market / Stock-Markets / Stock Market 2017
The market started the week at SPX 2378. After a pullback to SPX 2370 on Monday, the market gapped up to 2382 on Tuesday. But that was immediately sold off and the market hit SPX 2336 by Wednesday. Thursday the market rebounded to SPX 2359, then on Friday the market retested 2336 and ended the week at 2344. For the week the SPX/DOW lost 1.45%, and the NDX/NAZ lost 1.00%. Economic reports were mixed on the week. On the downtick: existing homes sales, the WLEI, plus weekly jobless claims rose. On the uptick: new home sales, durable goods orders, and the Q1 GDP estimate. Next week’s highlights: Q4 GDP, the Chicago PMI, the PCE and a speech from FED Chair Yellen. Best to your weekend and week!
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Saturday, March 25, 2017
Technicals for Gold Mining Stocks Remain Weak / Commodities / Gold and Silver Stocks 2017
Last week we wrote that precious metals should see upside follow through but to be wary of the 200-day moving averages and February highs before becoming excited. The metals did follow through as Gold gained 1.5% and Silver gained 1.9% (for the week) but the miners disappointed. GDX gained only 1.1% while GDXJ finished in the red as did junior silver companies (SILJ). As spring beckons, the gold stocks are showing relative and internal weakness.
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Saturday, March 25, 2017
London Terror Attack Red Herring, Real Issue is Age of Reason vs Religion / Politics / Religion
The British mainstream media has been obsessed over the London terror attack with 24/7 coverage of what in reality was a miniscule pinprick event that the media has blown out of all proportions as though it has any significant baring on the lives of the British people or how the British state functions. Yes for those on the receiving end of the actions of this madman have had their lives devastated but for the rest the attack has virtually zero consequences beyond the anxiety inducing fear mongering relentless press coverage, where the reality is akin to one random road traffic accident, which annually claim some 2,000 lives in the UK, whilst deaths from terrorism average just 2 per year since 2010 to illustrate the point in disparity between media fear mongering vs reality.
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Saturday, March 25, 2017
Will Washington Risk WW3 to Block an Emerging EU-Russia Superstate / Politics / GeoPolitics
The relentless demonization of Vladimir Putin is just one part of Washington’s multi-pronged strategy to roll-back Russian power in Central Asia and extinguish Putin’s dream of a “Greater Europe”. Along with the attempt to smear the Russian president as a “KGB thug” and “dictator”, the media has also alleged that Moscow intervened in the US presidential elections and that Russia is a serial aggressor that poses a growing threat to European and US national security. The media onslaught, which has greatly intensified since the election of Donald Trump in November 2016, has been accompanied by harsh economic sanctions, asymmetrical attacks on Russia’s markets and currency, the arming and training of Russian adversaries in Ukraine and Syria, the calculated suppression of oil prices, and a heavy-handed effort to sabotage Russia’s business relations in Europe. In short, Washington is doing everything in its power to prevent Russia and Europe from merging into the world’s biggest free trade zone that will be the center of global growth and prosperity for the next century.
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Saturday, March 25, 2017
Unaccountable Military Industrial Complex Is Destroying America and the Rest Of The World Too / Politics / US Military
On Jan. 17, 1961, US President Eisenhower gave the nation a dire warning about what he described as a threat to democratic government. He called it the military-industrial complex.
He warned, "In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist."
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Saturday, March 25, 2017
Police Body-Cam's - Be Careful What You Wish For / Politics / Police State
After the recent deluge of videos showing police abusing and sometimes flat-out murdering more-or-less innocent citizens, the willingness of a growing number of cities to equip officers with video cameras has been hailed as a victory by civil libertarians.
But what if those cameras also extend the surveillance network exponentially? In the future, if a policeman is facing you, he might be filming you. From there, all it will take is real-time facial recognition technology, and Big Brother will be walking the streets with eyes wide open.
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Friday, March 24, 2017
Silver Mining Stock Fundamentals / Commodities / Gold and Silver Stocks 2017
The silver miners’ stocks have had a roller-coaster ride of a year so far. They surged, plunged, and then started surging again last week on a less-hawkish-than-expected Fed. Such big volatility has spawned similar outsized swings in sentiment, distorting investors’ perceptions of major silver miners. But their recently-reported fourth-quarter operating and financial results reveal the true underlying fundamental realities.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by securities regulators, these quarterly results are exceedingly important for investors and speculators. They offer a clear snapshot of what’s really going on fundamentally, in individual silver miners and this small sector as a whole. There’s no silver-stock data I look forward to more.
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Friday, March 24, 2017
A Walk Down the Dark Road of Bad Government / Politics / Social Issues
Dear Parader,
One of the most fascinating traits of the human herd is its willingness to be led off a cliff by political miscreants.
In modern history, we have two perfect examples to illustrate the point: Zimbabwe and Venezuela.
Accompanying me this morning is a song I first heard in the excellent movie, Hell or High Water starring Jeff Bridges and Chris Pine. If you haven’t seen it, I couldn’t recommend it more highly. The song is Dollar Bill Blues by Townes Van Zandt, and I have tacked some other songs of a somewhat similar genre onto it.
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Friday, March 24, 2017
Stocks Bull Market Time to Get on Board / Stock-Markets / Stock Market 2017
As I noted in my last COTD, there are signs popping up that stocks are about to, or have completed a very mild intermediate cycle low. The vast majority of traders decide to buy (or join the SMT) after most of the move has already happened. Last summer my biggest influx of new subs occurred right at the summer high in metals. No one wanted to join the SMT in January when I was calling the bottom. They waited till the move had rallied 180% before joining. Go figure.
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