Friday, October 07, 2016
Stock Buybacks Fueling the Stock Market? By How Much? / Stock-Markets / Stock Markets 2016
By: Mike_Shedlock
Here's the question of the day: are corporate stock buybacks fueling the stock market?
Let's look at a couple of charts and a news report to help determine the answer.
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Friday, October 07, 2016
Gold Bull Still Intact, Use Pullback to Accumulate / Commodities / Gold and Silver 2016
By: The_Gold_Report
This week's drop in the gold price has spooked many investors, says money manager Adrian Day, who provides his perspective on the volatility.
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Friday, October 07, 2016
Gold Mining Shares in a World of Hurt / Commodities / Gold and Silver Stocks 2016
By: Dan_Stinson
The HUI is coming unglued on the charts with the index falling below long term chart support at the 200 day moving average in today’s session. It had not been below that key technical indicator since early February of this year.
We are also now seeing the 50 day moving average and the 100 day both moving lower.
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Thursday, October 06, 2016
Gold’s Second Waterfall Drop this Week / Commodities / Gold and Silver 2016
By: Michael_J_Kosares
We do not often find ourselves jogging the same track as the redoubtable Dennis Gartman who commands untold premiums for his advice, but now, it seems, he is verifying our suspicion of two days ago (Please see “Gold’s waterfall drop might be associated with the big drop in British sterling”) that something is amiss in London gold trading circles. Here is today’s chart – a second waterfall move in the gold market coincident with a second swan dive for the pound and Gartman’s take (snipped from ZeroHedge).
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Thursday, October 06, 2016
Path to the White House is Paved by Billions of Dollars / ElectionOracle / US Presidential Election 2016
By: Walter_Brasch
With a month left before the November general election, Donald Trump and Hillary Clinton are trash-talking each other in a financial race to the White House.
According to the latest filing with the Federal Election Commission, Clinton has raised about $516.8 million for her campaign. Total spending by outside groups and SuperPacs supporting her was an additional $31.7 million; the total spent opposing her was about $40.2 million.
Thursday, October 06, 2016
Wall Street Earnings Recession is no cause for Worry; Stock Market Bull has been ignoring it. / Stock-Markets / Stock Markets 2016
By: Sol_Palha
Irony is the form of paradox. Paradox is what is good and great at the same time.Friedrich SchlegelWe could sum it up in two words as to why earnings recession was, is and will be a non-event; Hot Money. However, for some strange reason when it comes to the markets individuals happen to love long explanations even though in most cases the long answers reveal a lot less than the short ones do. So let’s take a look at some of these meaningless statistics.
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Thursday, October 06, 2016
Crude Oil Price Double Top or Further Rally? / Commodities / Crude Oil
By: Nadia_Simmons
Trading position (short-term; our opinion): No positions are justified from the risk/reward perspective. In other words, we think that taking profits off the table and closing the previous long positions is a good idea.
On Tuesday, crude oil gave some of earlier gains after news that Iran and Libya have continued to increase production. In these circumstances, light crude slipped to the previously-broken resistance zone, but then closed the day above it. Is this a verification of the breakout?
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Thursday, October 06, 2016
Stocks Extend Their Fluctuations, Topping Pattern Or Just Consolidation Before Another Leg Up? / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Thursday, October 06, 2016
China Might Be Deutsche Bank’s Last Hope / Companies / Credit Crisis 2016
By: John_Mauldin
By Olivier Garret: The pressure has been mounting on Deutsche Bank (DB), with the German government spurning the possibility of a bailout and the stock slumping. DB recently hit a record low.The German titan has been trying to sell assets to raise money to pay the US Department of Justice its record US$14 billion fine. And there have been rumors that Berlin is applying pressure to get the huge fine reduced.
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Thursday, October 06, 2016
The West Is Playing a Zero-Sum Game with ISIS / Politics / ISIS Islamic State
By: John_Mauldin
ISIS and radical Islamic terrorism are a threat to the Western world. And so far, we have not really developed any serious defense mechanisms to deal with it. Rather, we are mostly just reacting to seemingly random events.
My friend Dr. Woody Brock is one of the most brilliant game theory specialists that I know. He regularly applies game theory to economics and investing. Here, he analyzes the conflict between the West and ISIS. He says that because of our very values, we end up playing the “game” in a way that leads us to continual frustration.
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Thursday, October 06, 2016
Gold Price to Rally $80 into October 14th? / Commodities / Gold and Silver 2016
By: Brad_Gudgeon
I admit I missed the GDX move down to 22.93 today, but at the same time it has presented itself with a great opportunity. The chart below is predicting GDX 29.84 by October 14. I am now leveraged, extremely leveraged with options for a strong rally ahead in gold and GDX.
A lot of negative bias now in the precious metals complex has me thinking the other way: and that is a massive short covering rally ahead. The e-wave look and cycles suggest the same. The "nonfarm payrolls report" on Friday could be (likely) the catalyst.
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Thursday, October 06, 2016
Will the Stocks Bull Market Remain Intact in 2017? / Stock-Markets / Stock Markets 2016
By: Clif_Droke
The question confronting investors right now is whether the lateral trading range in the major indices represents consolidation of the long-term uptrend, which precedes an eventual upside breakout from the range? Or does it represent distribution (i.e. selling) which precedes an eventual breakdown of the trend?
Bulls and bears have assembled evidence to support their respective take on this conundrum, but the most basic and useful evidence suggests the first outcome, namely an eventual upside resolution. Let’s examine the evidence in support of this conclusion.
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Thursday, October 06, 2016
Projecting The Consolidation in Precious Metals Mining Stock Indices / Commodities / Gold and Silver Stocks 2016
By: Rambus_Chartology
Tonight I would like to start off the Wednesday Report by looking at our current bull market in the HUI. I’m going to try and show you how our current setup is what one would expect in a bull market.
A stock or stock market does one of three things. First, it’s building out a reversal pattern that will reverse the current trend. Second, it’s building out a consolidation pattern that is consolidating the current trend. Third, the price action is impulsing after breaking out of either a reversal pattern or consolidation pattern. This is how markets works.
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Thursday, October 06, 2016
Stock Market Positive Session with Good Technicals / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had another wild session, first gapping up and running to retest the highs, unable to get there, and by midday hit their peak on the Nasdaq 100. The S&P 500 did make a higher high in the afternoon, unconfirmed by the Nasdaq 100. That caused a negative divergence, which sold them off in the last hour.
Net on the day, the Dow was up 112.58 at 18,281.03, 34 points off its high. The S&P 500 was up 9.24 at 2159.73, 4 points off its high. The Nasdaq 100 was up 18.28 at 4877.75, 14 points off its high.
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Thursday, October 06, 2016
Gold for When Markets Go Bump in the Night / Commodities / Gold and Silver 2016
By: Michael_J_Kosares
“Gold has worked down from Alexander’s time. . .When something holds good for two thousand years, I do not believe it can be so because of prejudice or mistaken theory.” – Bernard Baruch
We should not be surprised that the long-standing troubles at Deutsche Bank would appear to be coming to a head now. For global financial centers, October is often the cruellest month – a time when stock markets and whole economies have been known to go bump in the night. The Panic of 1907, the Crash of ’29, Black Monday 1987, the Friday the 13th crash 1989, the Asia Crisis of 1997, the downturn of 2002 and the launch to bear market in 2007 – all took place in the month of October.
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Wednesday, October 05, 2016
TNX, USD and SPX Meet their Respective Turning Points / Stock-Markets / Financial Markets 2016
By: Anthony_Cherniawski
Bond yields spiked this morning in a retracement of the decline from the September 13 high in an 89.5% retracement to the 2-hour Cycle Top.
ZeroHedge comments, “"Soft" survey data from ISM appears to have trumped "hard" data from construction spending and factory orders, juicing expectations for a rate-hike in November to around 30% - the highest since The Fed began its so-called normalization cycle. The USD Index and bond yields are jumping on the news, stocks are unclear, and silver and gold are slipping further.
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Wednesday, October 05, 2016
Gold Buying ‘Opportunity’ After Surprise 3.4% Drop / Commodities / Gold and Silver 2016
By: GoldCore
“Gold rebounded after the biggest drop in more than a year as investors reminded themselves of a world that’s beset by risk, from the prospect of further currency weakness to the final stretch of the U.S. presidential election,” according to Bloomberg today.
Wednesday, October 05, 2016
Stock Market Season of Falling Prices and Percent Index Proves It! / Stock-Markets / Stock Markets 2016
By: Chris_Vermeulen
It’s a knows fact that Sept and October are typically weak times for US stocks. Going back 37 years shows us the tendency for investors to sell and rebalance their portfolios to try and perform better during the final quarter.
But that’s not really the point of this article. The chart below shows a comparison between the SP500 bullish percent index and the SP500 index.
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Wednesday, October 05, 2016
Stock Market Indices Has Rough Session / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had a rough session. After a gap up and then a move up to resistance, the indices were unable to get much further than that. They had a selloff, a very sharp snapback, but again couldn’t get through the highs, and then started to decline in a distinct down-channel all day. Only in the last hour did they snap back off the lows, but S&P 500 violated key support by a couple points, before the rally. We’ll just have to see whether they were able to hold the fort right here, or going to make lower lows.
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Wednesday, October 05, 2016
The Hyperinflationary Death Watch / Economics / HyperInflation
By: Dr_Jeff_Lewis
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. – Alan Greenspan
Every hyperinflation is unique. No one wants the chaos it will bring. We are not rooting for it. Monetary crisis is always part and parcel or a extension of the inevitable cycles of history.
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