Tuesday, February 07, 2017

Fake and False and Just Plain Nonsense News / Politics / US Politics

By: Raul_I_Meijer

Two and a half weeks after the inauguration, and yes it’s only been that long, the media still don’t seem to have learned a single thing. They help the Trump campaign on an almost hourly basis by parroting whatever things, invariably judged as crazy, he says. One day it’s that negative polls are all fake news, the next it’s some list of underreported terror events. All of it gets an avalanche of attention provided by the very people who claim to be against Trump, but greatly help his cause by doing so.

Tuesday, February 07, 2017

SPX Rallies. Will Stock Market Make a New High? / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

Good Morning!

SPX futures are higher this morning, although they have not broken out above last Friday’s high at 2298.31. It has missed that possibility by only 25 ticks, so there is still a chance that we may see a higher print this morning.

Given the rally after what appears to be an a-b-c decline yesterday, the odds are better than even we may see a new high this morning. The Cycles Model suggests it may happen in the first two hours of the day. I have placed the alternate Wave structure on the chart for our consideration. The target may be the “natural” target I gave last week at 2305.00, or possibly higher, should the rally have any strength.

Tuesday, February 07, 2017

Left Coast Liberals Dream for Secession / Politics / US Politics

By: BATR

As the consequences of losing control of the federal government seeps into their delusional entitlement, the ultimate statists of the Left scamper to find a method to regain power.  A concept, whose day is gaining acceptance, is the Nation of Pacifica. With the incompatibility between the Trump Nation deplorables and the intolerant collectivists of Leftist state worshipers, the end game is rapidly approaching a final conflict that easily could erupt in a real civil war. Leave it to the beautiful people; their fantasia screen play scripts a peaceful dissolution of the disjointed union.  A sample of their dialectic:

Tuesday, February 07, 2017

Stock Market Nowhere to Go / Stock-Markets / Stock Market 2017

By: Ed_Carlson

Continue to look for an important top in the Dow near February 10.  As the Dow returned to near our price target (20,133) last Friday, this week is set to be a sideways consolidation as equities "spin their wheels" waiting for the big event to commence. Although the Lindsay work would have us erring later than earlier, equities may begin their drop earlier than forecast if they have nowhere to go but down.

Tuesday, February 07, 2017

The Danger of Being Bearish in a Stocks Bull Market / Companies / Company Chart Analysis

By: Clif_Droke

One of the biggest contributors to losses for traders in the financial market is the temptation to sell short. Borrowing shares of a company that are not owned by the seller in the hopes of making a massive profit has shipwrecked more traders than probably any other factor. With stories abounding of the quick and easy profits to be made in selling stocks which are supposedly on the verge of plummeting, it's no wonder that the allure of "shorting" is so irresistible to so many.

Tuesday, February 07, 2017

Vauxhall Zafira B Fires Second Recall DVSA Offence Warning Letters! / ConsumerWatch / Auto Sector

By: HGR

The Zafira saga or nightmare continues as after an abysmally poor implementation of the first recall, apparently Vauxhall has either become more efficient or has hit the panic button in response to more Zafira B's bursting into flames. The latest is a threatening recorded delivery letter warning of amongst things of an offence for not arranging for a prompt recall!

Monday, February 06, 2017

Why the Fed Gets Economics Wrong / Economics / Economic Theory

By: John_Mauldin

Economics (in general) is populated at its core by a lot of bad ideas. And these bad ideas have come to be accepted as the correct interpretation of how the economy functions and thus have become the basis for economic policy. This news shouldn’t come as a shock since I’ve written about this many times over the years in Thoughts from the Frontline.

Economics is an enormously useful tool for those of us who are trying to understand business and investments and government policy. But to paraphrase Dirty Harry, “An economist has to know his limitations.”

Monday, February 06, 2017

A Non-Existent US Economic Recovery! / Economics / US Economy

By: Chris_Vermeulen

Where is this economic boom that Former President Obama and his administration had taken so much credit for?

The Obama Administration, with the assistance of the Federal Reserve and Company, deliberately kept the U.S. economy from creating any growth at all.  The money that flowed from the Federal Reserve, over the last 8 years, had a direct pipeline that flowed only into Wall Street Investment Banks. The American people were sold this false bill of sale that “Quantitative Easing” was going to make lending money to “Main Street America” easier to access. They promised that there would be a boost in hiring which would, in turn, increase aggregate demand and thereby reflect a newly stimulated economic growth!

Monday, February 06, 2017

Health Tourism Cripples NHS, Nationwide Winter Crisis Paralysis / Politics / NHS

By: Nadeem_Walayat

The mainstream press has been reporting on the unfolding NHS crisis over the winter months, one of a building paralysis in the NHS that in large part has its roots in EU out of control immigration and wide spread health tourism abuse that in large part is of african origin. Where people who are ill come to the UK for FREE treatment on the NHS and thus clog up thousands of much needed beds for months at a time, health tourism impacts the NHS across the whole spectrum of services from maternity wards upwards across all age groups costing billions and crippling NHS services.

Monday, February 06, 2017

Carnage of the Middle Class / Politics / Social Issues

By: Michael_Pento

In President Donald J. Trump's inaugural address he promised, "This American carnage stops right here and stops right now." And immediately liberals and the MSM took umbrage to his use of the word carnage, which means the slaughter of a large number of people, claiming it was just too dark a description for America. Maybe so. However, in a recent Bloomberg commentary, Justin Fox cites some sobering statistics that support Trump's statement.

Monday, February 06, 2017

Gold Price Trend Forecast, Where are the Gold Traders? / Commodities / Gold and Silver 2017

By: Bob_Loukas

This is the 3rd piece on gold that highlights how unloved gold remains today.  Considering the 2016 rally in gold and the turbulent times we now find ourselves in, to be honest I'm rather surprised there are not significantly more gold traders all over this market. Part 1 and Part 2 cover the initial stages of this rally from the December lows. Below is an excerpt from the Financial Tap Member weekly weekend report.

I am rather surprised to read across the blogosphere how a majority of Gold Traders appear to discount and undermine the current gold market. I can appreciate that the longer term cyclical outlook remains unresolved, but in the short-term at least, I believe the gold sector looks to be in great shape.

Monday, February 06, 2017

SP500 Index Got Closer To Record High - Will The Uptrend Continue? / Stock-Markets / Stock Market 2017

By: Paul_Rejczak

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).

Our intraday outlook remains 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:

Monday, February 06, 2017

US Dollar and Gold Markets Update / Commodities / Gold and Silver 2017

By: SurfCity

As longer Cycles typically dominate shorter ones, this update will provide both longer and shorter views on the USD and Gold. Why the two together?  Obviously due to the negative correlation. No correlation works all the time, however, and I fully expect to see periods where the USD and Gold rise and perhaps fall together. That said, the correlation has been fairly strong over the past year so I find it best to sometimes cover these assets together.

Monday, February 06, 2017

CRB Commodities Index Deep Dive / Commodities / CRB Index

By: SurfCity

If you are going to trade the commodity sector, you had best follow the USD, which is why I do. If I am correct that the USD’s longer 15 Year Super Cycle is toping in 2017, then the CRB will be a fun sector where we will focus.

With respect to Weinstein’s 4 Stage Model, here is a great site that is the best I have found that covers his model quite well.

Monday, February 06, 2017

Betting on President Trump Leaving Office Early, Presidency End Date - Betfair Market / Politics / Gambling

By: Nadeem_Walayat

The Trump Reset Tsunami waves continue to wash that which has been built up over the past 40 years away in a manifestation of extreme delirium which I covered both in the run up to the US presidential election of why Trump would WIN, and in my post Trump analysis of why the Trump Reset looks set to culminate in a war with China.

Monday, February 06, 2017

Inflation – What It Is, What It Isn’t, And Who’s Responsible For It / Economics / Inflation

By: Kelsey_Williams

Inflation is the debasement of money by the government.  PERIOD.

It is NOT a general increase in the level of prices for goods and services.

The above statements are critical to an understanding and correct interpretation of events which are happening today – or expected to happen  – that are casually attributable to inflation.  So, let’s go one step further.

Monday, February 06, 2017

How Investors Can Profit From Trumps Military Ambitions / Commodities / Metals & Mining

By: OilPrice_Com

Tesla just activated its battery gigafactory, and China is moving to hoard the world’s cobalt supplies at the same time that Trump promises a military build-up that can only happen with the precious metal. This all means supply panic for everything from the electric car break-out to the military industrial complex.

Right in the middle of this we have small-cap North American explorers—our new potential barons-in-the-making—in whose hands our energy revolution now lies.

Monday, February 06, 2017

Prognosis Of Financial Markets For 2017 And Beyond / Stock-Markets / Financial Markets 2017

By: Raymond_Matison

The right time to consider our future financial markets for investing

Since the presidential election there have been many reports as how the financial markets of 2017 and beyond may evolve.  Given the acrimonious post election environment, it would be wiser to forecast the direction of markets after we see Mr. Trump’s full team in action for at least a few months, and more fully understand or experience his actual policies.  However, it is clear that at no time in history will a president’s fiscal, trade, national security, or FED’s monetary policies affect our financial markets more, which will determine the future wellness of America’s citizens.  At the same time, however, no policies can fully extricate us from our overbearing debt, and the painful economic consequences which we are to experience in the very near future.

Monday, February 06, 2017

Absolution, Deceit and Renewables / Politics / Renewable Energy

By: Raul_I_Meijer

It’s been a while since the Automatic Earth featured an article from Energy Matters, the site run by our longtime friend Euan Mearns, Honorary Research Fellow at The University of Aberdeen, and his co-conspirator Roger Andrews, a British engineer/geophysicist, semi-retired in Mexico. But I read a piece by Roger yesterday that I like, because it allows me to rant against all the false claims emanating from countries and companies about the share of renewable power in their total energy consumption.

Roger focuses on the railway system in the Netherlands, run by NS, which recently claimed that it operates on 100% wind power. This is of course, if you know anything about electricity generation and the grid, a preposterous claim, and that the company has the guts to make such a claim can only serve to prove how little the general public knows about the topic. Or they wouldn’t dare. Green is still so sexy in certain circles, and actual knowledge so poor, that companies like the NS feel no scruples about stretching their ‘greenness’ into absurd theater territory.

Sunday, February 05, 2017

Retail Prices at wholesale Prices – Next Hot Stocks Sector / Stock-Markets / Sector Analysis

By: Chris_Vermeulen

As we close out the first week of February, I’m writing to illustrate the types of great opportunities waiting for all of us.  All the trades we share are based on our Momentum Reversal Method (MRM) trading system.

There are two key components of this trading strategy; A. identifying recent price rotation, or B. identifying price resumption of existing momentum.  Both examples, today, will focus on two unique examples of the Momentum Reversal Method and two unique setups.  Today’s examples are XRT and AIQ, setups that we believe will result in tremendous opportunities for traders over the next 2-3 weeks.