Monday, October 12, 2015
Structural Reasons For A Long-Term Financial Markets Decline / Stock-Markets / Financial Markets 2015
Markets advance and decline for a myriad of different reasons. But in the final analysis, the old maxim about more buyers than sellers making bullish markets, and more sellers than buyers making bear markets remains true. Unfortunately such a simple observation is neither insightful nor helpful. However, by adding detail to this old market truth we can get great insight into the future of our current and future financial markets.
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Monday, October 12, 2015
New Hedge Fund Buying Enters Crude Oil Market / Commodities / Crude Oil
First, let's start with an updated chart of the WTI Crude oil.
Crude has been in a range for most of the month of September oscillating near the 50 day moving average. It had been unable to do much in the way of additional upside however until this month, when it finally broke out above resistance at the top of the range near the $48 level. Friday it managed to best 50 on an intraday basis but then faded well off the highs heading into the close.
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Monday, October 12, 2015
Stock Market / GDX New Lows Coming: Panic Ahead? / Stock-Markets / Stock Markets 2015
The stock market came back with a vengeance out of the late September low (5- week lows), but failed to come back evenly, creating a case of an inter-market bearish divergence. The Dow Industrials, NYA, OEX and SOX made a higher high above the September 17th top on October 9th, but the SPX and NASDAQ Comp failed to do so. The SPX came close but the Comp failed miserably. In charting terms, we have just created a "double top" and hence a 'double top reversal' is at hand. Normally, it runs a Fibonacci .333 to .382 past the previous low (1871 SPX) and that forecasts ideally somewhere between or near 1780-96 on the SPX within the next 5-6 TD's.
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Sunday, October 11, 2015
Stock Market Gains, but the “Super Crash” Is Accelerating / Stock-Markets / Financial Crash
MoneyMorning.com Michael E. Lewitt writes: The lunatics are running the asylum.
After an incessant flow of bad economic news from both the U.S. and abroad, investors decided that "bad news is good news" and they should bid up stock prices.
Saying "bad is good" is like saying "down is up" or "Hillary is telling the truth." It is so obviously contrary to the facts that you can't take it seriously.
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Sunday, October 11, 2015
Negative Interest Rates Tantalizing Stupidity and the Case for Gold / Interest-Rates / US Interest Rates
Financial Repression Insanity
Purportedly the Fed is ready willing and able to go to next step of financial repression insanity.
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Sunday, October 11, 2015
October Stocks Bear Market and Crash Killer / Stock-Markets / Stock Markets 2015
We are now well into October, which is THE month for stock market doom and gloom to prevail. This is the month when the perma stock market crash proponents are at their most vocal when they dust down and repost ancient charts of previous crashes such as 1929 and 1987 and more recently 2008, to once more proclaim that history is about to repeat and a stock market crash is imminent. Though this time its even worse than usual because even those who may have been 'mostly' bullish threw in the towel several weeks ago to at least conclude that stocks bear market had begun.
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Saturday, October 10, 2015
A Bifurcated U.S. Housing Market, How Much Longer Can Unaffordable Housing Prices Last? / Housing-Market / US Housing
Charles Hugh Smith writes: Markets discover price via supply and demand: Big demand + limited supply = rising prices. Abundant supply + sagging demand = declining prices.
Eventually, prices rise to a level that is unaffordable to the majority of potential buyers, with demand coming only from the wealthy. That’s the story of housing in New York City, the San Francisco Bay Area and other desirable locales that are currently magnets for global capital.
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Saturday, October 10, 2015
Gold Stocks GDX 30% Stealth Rally / Commodities / Gold and Silver Stocks 2015
We've had a stealth 30% rally off the low and still almost no one believes in the rally. Many bears are still trying to short this market. This is how bull markets start with no one on board and shorts still trying to press a very mature downtrend.
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Saturday, October 10, 2015
Stock Market Primary V to New Highs Underway / Stock-Markets / Stock Markets 2015
The week started at SPX 1951. After a gap up opening on Monday morning to start the week, the market made higher highs and lows every day ending the week at SPX 2015. For the week the SPX/DOW gained 3.5%, the NDX/NAZ gained 2.5%, and the DJ World index gained 4.4%. Economic reports for the week continued their neutral to negative bias. On the uptick: wholesale inventories, the WLEI, GDPn and weekly jobless claims improved. On the downtick: ISM services, consumer credit, export/import prices, the MMIS and the trade deficit expanded. Next week, a busy week, we get Industrial production, the FED’s Beige book, and Retail sales.
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Saturday, October 10, 2015
Putin’s “Endgame” in Syria / Politics / Russia
Russia doesn’t want to fight a war with Turkey, so Russian generals devised a simple, but effective plan to discourage Turkey from taking any action that could lead to a clash between the two nations.
Last week, Russian warplanes intruded into Turkish airspace twice. Both incidents caused consternation in Ankara and send Turkish leaders into a furor. On both occasions, officials in Moscow politely apologized for the incursions claiming they were unintentional (“navigational errors”) and that they would try to avoid similar intrusions in the future.
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Saturday, October 10, 2015
Gold And Silver Trapped In A Low-End Trading Range / Commodities / Gold and Silver 2015
Syria: An example why gold and silver have not rallied, and an example of why gold and silver ultimately will rally.
As a side note, never in the history of the world has a fiat paper currency ever survived. Never before in history has there been so much fiat-created paper currency nor has there ever been as much debt in the world. Never before has the demand for gold and silver been greater, nor the supply of same less, relative to the demand. Obviously, as we have stated in the past, the natural factors of supply and demand are of no consequence for the pricing of gold and silver.
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Saturday, October 10, 2015
A Week Where Pessimism Ruled.... Stock Markets Rally.... / Stock-Markets / Stock Markets 2015
Pessimism has been rocking in over the past two months. Step by step we've seen more and more bears come in, while more and more bulls run out. Shorting positions dramatically on the rise. Fewer and fewer people are talking as if the market can actually go up again. So naturally the market had a nice week to the upside, closing at overbought on the short-term charts for good measure. Shows how much pessimism and short interest can do for the short-term, if not a bit longer than that. The bull-bear spread started the week at minus 4%. It was probably close to zero or slightly green, but still a solid number for the bulls.
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Saturday, October 10, 2015
Free Traders Educational Week / InvestorEducation / Learn to Trade
Dear Trader,
You have an opportunity to spend the next week learning how you can spot high-confidence trade setups in the charts you follow every day.
Elliott Wave International (EWI) is hosting a free Trader Education Week. Register now and get instant access to free trading resources -- plus you'll receive more lessons as they're unlocked each day of the event.
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Saturday, October 10, 2015
Why I'm Bearish on Gold / Commodities / Gold and Silver Stocks 2015
Tony Mermer writes: Many investors have turned bullish on gold since it fell below $1080 in July, which was the 50% retracement level since gold's secular bull market began in 2001. These investors believe that gold's cyclical bear market is now over and that the secular bull is about to resume. I disagree. Gold will fall below $1000 before this cyclical bear market is over. Here's why.
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Friday, October 09, 2015
Obama Abandons Scheme to Train Nonexistent Syrian Moderates / Politics / Syria
Friday, October 09, 2015
Gold and Silver Bucket Shop / Commodities / Gold and Silver 2015
"The terrible, cold, cruel part is Wall Street. Rivers of gold flow there from all over the earth, and death comes with it. There, as nowhere else, you feel a total absence of the spirit: herds of men who cannot count past three, herds more who cannot get past six, scorn for pure science and demoniacal respect for the present.
And the terrible thing is that the crowd that fills the Street believes that the world will always be the same, and that it is their duty to keep that huge machine running, day and night, forever."
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Friday, October 09, 2015
Stock Market Rally May be Broken / Stock-Markets / Stock Markets 2015
At 9:59 am the SPX made a failed attempt at a new high, missing by 95 ticks. It appears to be coming back down and may break the uptrend at 2010.00. SPX regains its sell signal below the 50-day Moving Average at 1993.78.
The reason I brought up the time element is that it is exactly 51.6 hours from the low on Sept 29.
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Friday, October 09, 2015
Gold Stocks Major Breakout / Commodities / Gold and Silver Stocks 2015
The left-for-dead gold stocks have rallied dramatically this past week, surging to a major breakout. This pivotal technical event reveals the hyper-bearish psychology plaguing this sector in recent months is dissipating, paving the way for investment capital to return. And given the fundamentally-absurd price levels in this battered sector, this new gold-stock buying is likely just the initial vanguard of a massive new upleg.
Even among contrarians, the overwhelming consensus view is that gold miners’ stocks are doomed to grind lower indefinitely. Pretty much everyone even aware of this obscure sector totally despises it, the inevitable result of recent years’ dismal price action. The flagship gold-stock index, the NYSE Arca Gold BUGS Index better known by its symbol HUI, certainly reflects the unbelievable misery in this business.
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Friday, October 09, 2015
Contrarian Investing - Being the 10th Man / Stock-Markets / Investing 2015
By Jared Dillian
I was going to give you this big macro rundown of what happened since the payroll number, but I changed my mind. Anybody can give you the play-by-play. Let’s talk about it in the context of true contrarian investing.
Being contrarian doesn’t just mean doing the opposite of what everyone else is doing. It means doing what is really unpopular and may make you subject to ridicule.
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Friday, October 09, 2015
U.S. Can Expect Recession in 1-3 Years / Economics / Recession 2016
David Rubenstein, co-founder and co-CEO at The Carlyle Group, joined hosts Stephanie Ruhle and David Westin on Bloomberg TV's new flagship morning program, Bloomberg <GO>. Rubenstein discussed his call for one or two percent U.S. growth in the next year and explains why the country can expect a recession within the next three years. He also spoke about a transformation taking place in China and unrealistic expectations for 10 percent growth in the nation's economy.
Rubenstein told Bloomberg TV that a U.S. recession is "inevitable." He said "We have not really had a recession in six years. We came out of the last recession in June of 2009. We tend to have recessions every seven years, more or less in the United States, since World War II. So at some point in the next year or two or three, you can expect a recession."