Sunday, May 08, 2016

SPX Downtrend Probably Underway / Stock-Markets / Stock Markets 2016

By: Tony_Caldaro

The week started out at SPX 2065. After a higher open and rally to SPX 2083 on Monday the market sold off for the rest of the week. Aided by two gap down openings the market hit SPX 2039 on Friday. Then it rallied to end the week at SPX 2057. For the week the SPX/DOW lost 0.30%, and the NDX/NAZ lost 0.55%. Economic reports for the week were mixed. On the downtick: ISM manufacturing, the ADP, monthly Payrolls, Q2 GDP est., and weekly jobless claims increased. On the uptick: construction spending, factory orders, ISM services, consumer credit, long term investor sentiment, and the trade deficit narrowed. Next week’s reports will be highlighted by the PPI, Retail sales, and Business/Wholesale inventories.

Sunday, May 08, 2016

Weekend Charts: $SPX, $NYAD, $NYA, $INDU, $MID, $RUT, $FTSE, $CAC, $DAX, and $NIKK / Stock-Markets / Financial Markets 2016

By: Gary_Savage

I like the odds that Friday marked the bottom of the daily cycle and half intermediate cycle decline. The next daily cycle should be right translated as well and rally at least into the second week of June before the market starts to get nervous about the Brexit and we get another corrective move.

At this point there is virtually no doubt that the 7 year cycle correction is finished and the next phase of this QE driven bull market is beginning.

Saturday, May 07, 2016

Gold Sector Checkup After the ‘Inflation Trade’ Bounce / Commodities / Gold and Silver 2016

By: Gary_Tanashian

There has been a lot of talk about how gold is not a good inflation hedge.  Indeed, with the recent bounce in inflation expectations, this was shown to be true over a short timeframe, at least in relation to silver and other commodities.  Gold sagged while the more inflation-sensitive commodities bounced.

Saturday, May 07, 2016

Gold And Silver ARE The Only Money [Hardly] In Existence / Commodities / Gold and Silver 2016

By: Michael_Noonan

Gold and silver ARE money. Neither is a "currency," although money is often cited as interchangeable with currency. Take the Federal Reserve Note, [please!], as an example. A Federal Reserve Note [FRN], is more commonly known as a "dollar." Even though the word "dollar" appears on every FRN, each and every FRN is a debt instrument issued by the Federal Reserve and not a true dollar. The Federal Reserve is a privately held corporation, owned mostly by certain european bankers, and may include the Rockefellers, from the US.

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte, Emperor of France, 1815

Saturday, May 07, 2016

Precious Metals Complex Combo Chart... / Commodities / Gold and Silver 2016

By: Rambus_Chartology

Below is a long term weekly chart we've been following which shows the breakouts and backtesting that have been going on for several months with gld and slv, and just 5 weeks or so for the HUI. This big picture look from 35,000 feet shows how infant this new bull market is right now. It was basically born back in January of this year and is just opening its eyes. What we want to see now is a higher high in the coming days and weeks.

Saturday, May 07, 2016

Poor Jobs....Daily Stochastic's Oversold......2043 Breaches But Holds.....Shocker! / Stock-Markets / Stock Markets 2016

By: Jack_Steiman

Another interesting bull-market day as there still seems to be nothing that can take this market down with any force. As a reminder, I have spoken about how we still haven't seen any major distribution off tops on any of the key, daily index charts. That's the first big hint that something bad is beginning to take place.

Saturday, May 07, 2016

Misreading Gold and Silver CoTs, Again / Commodities / Gold and Silver 2016

By: Jordan_Roy_Byrne

Nearly two months ago I published a video in which I discussed conventional CoT analysis and the mistake many investors might make assuming Gold and gold stocks would undergo a big correction. The fact is a bull market that follows a nasty bear usually stays very overbought throughout its first year and therefore sentiment indicators remain in bullish territory. As a result of the primary trend change, conventional CoT analysis fails and requires an adjustment. Today we look at the Gold and Silver CoT's while harping on a few of the mistakes people are making.

Saturday, May 07, 2016

Reviewing the Basics of the Elliott Wave Principle: The Impulse Wave / InvestorEducation / Elliott Wave Theory

By: EWI

Free lesson from Jeffrey Kennedy's Trader's Classroom

The Wave Principle classifies price action as either motive or corrective. Motive waves move in the direction of the trend and include impulse waves and diagonals. Today, you can watch a lesson from Jeffrey Kennedy's Trader's Classroom in which he teaches you about the basics of the impulse wave and then shows you how to identify one on an actual chart of Goldman Sachs Group, Inc. (GS)

Saturday, May 07, 2016

SPX, NDX Reversal Pattern Has Formed / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

An impulse-with-retracement (reversal pattern) appears to be in its final formation. The retracement may go to mid-cycle resistance at 2066.99 before resuming the decline, but may be stopped at the 4.5-year trendline. This is a perfect setup for a flash crash to begin on Monday.

The NDX formed a 9-wave decline (impulsive), so it is in agreement with the SPX.

Saturday, May 07, 2016

Wall Street Is Falling Off A Cliff, And The Bottom Is A Long Way Down / Stock-Markets / Financial Crisis 2016

By: Jeff_Berwick

For the past 50 or so years, the quickest way for a sharp young sociopath to get rich has been to join an investment bank or hedge fund. The former were riding a “regulatory capture” gravy train that became ever-more-lucrative as new government agencies morphed into subsidiaries of Wall Street. Hedge funds, meanwhile, were surfing the wave of easy money that inevitably results from putting banks in charge of interest rates and government spending.

Saturday, May 07, 2016

Stock Market ‘Counter Trend Rally’ is Now Completing! / Stock-Markets / Stock Markets 2016

By: Chris_Vermeulen

Last Friday, April 29^th, 2016, the U.S. Indexes were very bearish as price clearly broke below the 20 day moving average then rebounded back up to test that level and was rejected and sold into.

The chart below shows the market bullish and bearish momentum and price action. The momentum of these markets has now shifted away from being ‘bullish’. It is currently struggling to find support and hold up.  Do not expect new highs on the SPX and I feel its beginning its ‘bearish reversal’ (topping phase) before making a new leg down.

Friday, May 06, 2016

Gold Stocks Rise Too Far Too Fast? / Commodities / Gold and Silver Stocks 2016

By: Zeal_LLC

The gold-mining stocks have skyrocketed this year, radically outperforming every other sector.  Smart contrarians who bought them low late last year and in January have seen their capital doubled, tripled, and even quadrupled!  But such blistering gains raise the ominous specter of crippling overboughtness, conditions preceding major toppings.  Have gold stocks come too far too fast to continue their epic run?

The magnitude of recent months’ gold-stock surge is simply stunning.  Between mid-January and the end of April, this sector’s flagship HUI NYSE Arca Gold BUGS Index blasted 131.8% higher in merely 3.3 months!  This was largely mirrored by the leading gold-stock ETF, the GDX VanEck Vectors Gold Miners ETF.  GDX saw stupendous gains of 107.1% over this same span.  Gold stocks have been on fire!

Friday, May 06, 2016

Print or Die. The Central Bankers' Dilemma - Video / Interest-Rates / Central Banks

By: Mario_Innecco

Hi its Friday May 6th 2016 so it's the first Friday of the month and usually
that means non-farm payrolls in the us- or the jobs data and yeah was
disappointing number for the you s economy jobs rose by a hundred non-farm
payrolls rose by a hundred and sixty thousand I was expected to be above
$200,000 $205,000 employment rate which is totally fictitious number status 5%
to reel in double double digits the other thing that's pretty bad for the economy and it shows that the USA
economy not only us' but you know the Western world economies are you know
haven't recovered from the collapsible wait prime age workers this is a story

Friday, May 06, 2016

Stock Market Critical SPX Support May be Lost / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

SPX declined beneath both the 50-day Moving average at 2043.67 and the December close at 2043.74. This may be a lethal combination for the bulls, since both are critical supports to lose and may not be regained.

ZeroHedge reports, “Well that escalated quickly.. After 3 VIX-smash saves this week, the selling pressure won (for now) as a dead-cat-bounce after the dismal jobs data has sent S&P 500 back into the red for 2016 (joining Nasdaq and Small Caps) with Dow and Trannies getting close...

The bounce is dead...”

Friday, May 06, 2016

US Jobs Report punches SPX beneath the 50-day Moving Average / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

The SPX Premarket appears to have fallen beneath the 50-day Moving Average.

The mover is the huge monthly payrolls miss. ZeroHedge reports, “It appears that the Fed is now officially "one and done" because the only indicator that until recently "confirmed" a "strong recovery", non-farm payrolls, just had a major stumble.

Friday, May 06, 2016

Gold Leasing Explained / Commodities / Gold and Silver 2016

By: Arkadiusz_Sieron

According to popular opinion, gold does not bear interest. Although that is true for retail investors, gold lending is an integral part of the gold wholesale market. What is gold leasing and how does it affect gold prices?

A lease is a contract where an asset is rent to someone else. As odd as it sounds, gold is also leased. Why? Well, on the one hand, some entities own gold they need to put to work, e.g. the bullion banks that hold a metal as a debt to their customers, so they can lease it out to earn money. On the other hand, there are companies in the gold industry who, for some reasons, prefer to borrow the metal instead of buying it outright. For example, there might be a gold mining company which expects to have one thousand ounces of gold from its production. However, the metal will be ready to sell in the market not earlier than before one month, since it must be refined etc.

Friday, May 06, 2016

Buy Gold, ‘Get Out Of The Stock Market’ Warns Druckenmiller / Commodities / Gold and Silver 2016

By: GoldCore

Buy gold and ‘get out of the stock market,’ legendary billionaire investor Stanley Druckenmiller, advised investors this week at an investment conference in New York.

Druckenmiller, who has one of the best long-term track records in money management, said the stock market bull market has “exhausted itself” and that gold “remains our largest currency allocation.”

Friday, May 06, 2016

Gold and Silver Companies with the Potential to Move the Needle / Commodities / Gold and Silver 2016

By: The_Gold_Report

The two times mining companies add the most value are upon first discovery and when they are nearing development and production. Joe Reagor of ROTH Capital Partners focuses on the latter group, and in this interview with The Gold Report, he discusses a handful of gold and silver companies poised to move up the value curve even if gold and silver don't go up.

Friday, May 06, 2016

Markets At Crossroads: Huge Moves Brewing In Stocks And Gold / Stock-Markets / Financial Markets 2016

By: InvestingHaven

Markets arrived at crossroads, and big moves are around the corner.

Seldom have we seen so many assets and indicators at decision points simultaneously! We see stocks, gold, and the U.S. dollar trading at extremely important levels, all in conjunction. Note that this is not according to technical analysis, but our intermarket analysis and chart patterns.

Friday, May 06, 2016

The Bitcoin Drama Continues: Craig Wright Disappears and Andresen Says He Was Bamboozled / Currencies / Bitcoin

By: Jeff_Berwick

Yesterday we wrote about our doubts on Craig Wright and who he is.  Less than 24 hours later he has disappeared.

You can say one thing about bitcoin: it's never boring!  Tracking developments surrounding it is more entertaining than a spy novel.

But, whatever Craig Wright may have had in mind doing with Gavin Andresen seems to have collapsed. Andresen had solidly endorsed Wright’s claim about being Satoshi Nakamoto only yesterday and seemed delighted that his mentor had decided to “go public.”