Friday, October 23, 2020
Doji Clusters Show Clear Support Ranges for Stock Market S&P500 Index / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
Clusters of Doji shaped candles have, for centuries, illustrated very clear levels of support/resistance in price action. Whenever multiple Doji candles appear in a cluster-like formation, traders should pay attention to these levels as future support/resistance ranges for price action. In the case of the S&P500 E-Mini Futures Daily Chart, we can clearly see three separate support zones – the highest one being right where price closed on Friday (near 3475).
As the US elections near, we do expect increased volatility to become a factor in the US markets. Currently, our predictive modeling systems are suggesting a Bullish trend bias is in place in the markets. Therefore, we expect the bias of the trend to continue to push higher. Yet, these Doji Cluster support levels become very clear downside targets if increased volatility prompts any broad market rotation over the next few days/weeks. These three levels are :
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Thursday, October 22, 2020
Silver Market / Commodities / Gold & Silver 2020
By: Richard_Mills
Despite recent headwinds, it looks to be clear sailing going forward for silver, according to recent forecasts from three financial services firms.
“A higher gold price, along with the ongoing recovery in industrial demand, particularly from China, means that the price of silver is likely to rise in the year ahead,” Capital Economics said in a report published on Sept. 30.
“All in all, a market deficit in conjunction with a higher gold price should lift the price of silver to $25 and $27 per ounce by end-2020 and end-2021, respectively,” assistant commodities economist Samuel Burman wrote. He added,
“Demand for non-interest bearing safe-haven assets, such as gold and silver, should rise as real yields in the U.S. drift a little lower. We forecast that the US ten-year nominal yield will fall to 0.50%, from 0.70% currently, by the end of this year and that it will remain at this level in 2021. The Fed has already stated that it will keep policy ultra-loose until at least 2023 and allow inflation to overshoot its target.”
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Thursday, October 22, 2020
Goldman Sachs Likes Silver; Trump Wants Even More Stimulus / Commodities / Gold & Silver 2020
By: MoneyMetals
Gold and silver markets slumped this week as stimulus talks faltered again in Washington.
Even though the White House upped its offer to $1.8 trillion, House Speaker Nancy Pelosi refused it – not wanting to give President Trump any kind of political victory ahead of the election.
Meanwhile, the President continues to campaign for stimulus. He is bucking Senate Republicans by offering to go even higher than $1.8 trillion.
Here’s what President Trump told Stuart Varney of Fox Business on Thursday:
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Thursday, October 22, 2020
Hacking Wall Street to Close the Wealth Gap / Politics / Social Issues
By: John_Mauldin
By Dawn Pennington : Just like the legend of a bow-and-arrow toting, Sherwood Forest-dwelling vigilante, Menlo Park, Calif.-based Robinhood set out to bring that sentiment to the retail investing set with a brokerage app.The company was founded in April 2013 by Vladimir Tenev and Baiju Bhatt, who had previously built high-frequency trading platforms for financial institutions. Their goal was to provide everyone with access to the financial markets, not just the wealthy… just like the Merry Men would do with unsuspecting victims traveling through Sherwood Forest.
The idea was a hit. No one had ever offered stock trades with zero commissions. This made investing affordable for people of any age and income. Today, the app has over 13 million users with an average age of 31.
The company has no storefront branches and operates entirely online without fees… and, as customers found out last week, no customer service.
Thursday, October 22, 2020
Natural Gas/UNG Stepping GAP Patterns Suggest Pending Upside Breakout / Commodities / Crude Oil
By: Chris_Vermeulen
An upward stepping GAP pattern for UNG and Natural Gas has our research team believing a strong upside price breakout may be pending. We believe the open gap patterns, which are below the current price levels, represent a building momentum based/bottom that has setup in UNG. This pattern, if we are correct, may prompt a big breakout move in the near future.
THREE GAPS PATTERN & MOMENTUM BASE COMPLETE – WHAT NEXT?
These GAP patterns are similar to a Japanese Candlestick pattern called “Three Gaps”. A Three Gaps pattern is typically associated with trending and suggests an exhaustion top may be near. It is represented by three very clear open price gaps in a defined trend (up or down), as can be seen in the chart below.
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Thursday, October 22, 2020
NVIDIA CANCELS RTX 3070 16b RTX 3080 20gb GPU's Due to GDDR6X Memory Supply Issues / ConsumerWatch / Computing
By: HGR
Shock news out of Nvidia, their announced RTX 3000 cards aimed at answering completion from AMD's Big Navi the RTX 3080 20gb and the 3070 16gb, which is the I one was planning to buy, have now been CANCELLED!
CANCELLED, Note postponed but cancelled which means not to expect these cards to materialise any time soon!
What does this mean? Why have these that would have been in high demand cards been cancelled.
Well two reasons come to mind....
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Thursday, October 22, 2020
Zafira B Leaking Water Under Car / Personal_Finance / Motoring
By: HGR
Here's another Zafira B video, of what motorists can expect to experience after buying one. Here, I find my Zafira is leaking water! A lot of water! About 1 litre per hour so it's not due any rain the day before. What new nightmare do I face, find out as I try to determine where the water is coming from, and hoping that it's not related to my engine else it would imply the head gasket has blown! Yikes that fix would cost more than the cars worth!!
Another video of what I experienced over my near 10 year ownership of a Zafira than surely shall you, only a matter of time! Anyway you probably are already experiencing it hence why you arrived at this video! But do remember to subscribe for new Zafira B videos.
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Wednesday, October 21, 2020
The Copper/Gold Ratio Would Change the Macro / Commodities / Copper
By: Gary_Tanashian
The Copper/Gold ratio is saying something. That something is that a cyclical, pro-inflation and thus pro-economic reflation metal shown earlier, remaining nominally positive on a down market day has, in relation to gold, taken out two important moving averages (daily SMA 50 & SMA 200) and is currently riding the short-term EMA 20 upward. RSI and MACD are positive.
Copper: Pro-cyclical inflation, pro-reflation, pro-economy.
Gold: Counter-cyclical, monetary, with inflationary utility.
Given the right circumstances (like desperate monetary and fiscal policy), which are in play on the wider macro, gold will probably do quite well moving forward. But maybe – for a while – not as well as some commodities if the Copper/Gold ratio really is up to something positive here.
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Wednesday, October 21, 2020
Are We Entering Stagflation That Will Boost Gold Price? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Inflation is back. OK, not inflation, but inflation expectations. As the chart below shows, they plunged during the coronavirus crisis, but they have already recovered. Currently, and based on the inflation-protected Treasury yields, Mr. Market expects that inflation will be, on average, 1.5 percent in the next five years and 1.7 percent in the next ten years.
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Wednesday, October 21, 2020
Crude Oil Price Stalls In Resistance Zone / Commodities / Crude Oil
By: Chris_Vermeulen
CLEAR PRICE CHANNEL MAY PROMPT BIG BREAKOUT OR BREAKDOWN MOVE IN OIL
In this report, I discuss the recent price action in crude oil and how economic conditions and the pennant flag chart pattern is indicating a big price move is about to take place over the next few weeks. While some of you may want a clear, bold prediction as to whether a breakout or breakdown may happen, as technical traders, our job is to predict different possible setups and identify the criteria that will tell us when to enter the trade upon confirmation. Read below to learn more.
Crude Oil has continued to retest the $41.75 to $42.00 resistance level over the past 30+ days. My research team believes this represents a very clear indication that further failure to advance above this level will prompt a moderate price decline – likely breaking below the $36.00 ppb price level.
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Wednesday, October 21, 2020
High-Profile Billionaire Gives Urgent Message to Stock Investors / Stock-Markets / Stock Markets 2020
By: EWI
In a deflationary depression, the prices of most financial assets crater, including stocks.
One well-known billionaire says it's time to shift into cash.
Here's an excerpt from a Sept. 22 CNBC article:
Billionaire media mogul Barry Diller on Tuesday urged investors to maintain sizable cash positions following the stock market's robust rally from coronavirus-induced lows in late March.
"Personally, and professionally, every nickel you can, keep it ... wherever it's banked," the chairman of both Expedia and digital media group IAC said ... "I think the market right now is a great speculation, I would stay home."
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Wednesday, October 21, 2020
What's it Like to be a Budgie - Unique in a Cage 4K VR 360 / Personal_Finance / Animals & Pets
By: N_Walayat
Hi guys in this unique video, you get to the closest to experiencing what it's actually like to be budgie living in a cage as I put a VR 360 camera right in the top middle of the cage, you can pan around the cage in all directions following the budgies in their daily activities on their level just as though you were another budgie! And you don't even need a VR 360 headset as any web browser will allow you to look around in all directions. Welcome to budgie life the world's first Budgie in a cage VR 360 video.
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Wednesday, October 21, 2020
Auto Trading: A Beginner Guide to Automation in Forex / Currencies / Forex Trading
By: Submissions
Among the notable technological advancements in the forex ecosystem is auto trading. Not only does it replace manual trading but it is also making forex trading simpler and more profitable.
Before you decide whether or not to apply auto trading in forex you need its basics and where to use it.
What is auto trading? It the use of software to analyze markets as well as complete trades. It involves the application of artificial intelligence in forex trading.
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Tuesday, October 20, 2020
Gold Price Trend Forecast into 2021, Is Intel Dying?, Can Trump Win 2020? / Commodities / Gold & Silver 2020
By: Nadeem_Walayat
The Gold price traded to a new all time high to well beyond the $2000 milestone after having held in a trading range at just below $1800 for most of the post corona crash bounce.
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Tuesday, October 20, 2020
Gold Asks Where Is The Inflation / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
The inflation remains low and below the Fed’s target. So, should gold bulls worry about it?The U.S. CPI inflation rate rose by 0.2 percent in September , following a 0.4 percent increase in August. It was the smallest jump since May. The move was driven by a 6.7- percent spike in the cost of used cars and trucks, and it’s the most significant upward change over half a century. The core CPI rose 0.2 percent, following a 0.4 percent increase in the preceding month.
On an annual basis, the overall CPI increased 1.4 percent (seasonally adjusted), following a 1.3 percent increase in August. The core CPI rose 1.7 percent, much like in the month prior (or a bit less if we abstract from rounding). Therefore, as the chart below shows, the period of disinflation perhaps ended, but the inflation remains low. It seems that even though the inflation rate has reached the bottom in May or June, the outbreak of high inflation in the near future is unlikely.
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Tuesday, October 20, 2020
Last Chance for this FREE Online Trading Course Worth $129 value / InvestorEducation / Learn to Trade
By: EWI
Hi Friends,
One silver lining of the global pandemic is that many of us are taking time to learn something new -- or to sharpen our skills.
Our friends at Elliott Wave International decided early on that they wanted to help people with this task. So, since April, they’ve been unlocking some of their premium educational online courses.
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Tuesday, October 20, 2020
More Short-term Stock Market Weakness Ahead / Stock-Markets / Stock Markets 2020
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: For now, the best guesstimate is that we are still in the bull market which started in 2009. Where we go from here and how far will be gauged after the September-October correction.
SPX Intermediate trend: Intermediate correction nearly over?
Analysis of the short-term trend is done daily 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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Tuesday, October 20, 2020
Dell S3220DGF 32 Inch Curved Gaming Monitor Unboxing and Stand Assembly and Range of Movement / Personal_Finance / Computing
By: HGR
Our new 32 inch Dell S3220DGF VA Panel Curved Screen Gaming Monitor has been delivered! Bought from Amazon for £379 (https://amzn.to/2Io4MHn). If your thinking of getting one find out what's in the box, and how to assemble the stand and what I personally really wanted to know before purchase but for which there was scant info is what's the range of movement in stand, up and down, side to side and how far does it tilt! All answered in our unboxing video.
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Tuesday, October 20, 2020
Best Retail POS Software In Australia / Companies / Retail Sector
By: Sumeet_Manhas
A point of sale (POS) software is much more than just a conventional cash register. By integrating POS software to a mobile device or a cloud service, you can be satisfied with all of your hardware and software requirements. Various businesses, from smaller to midsize, all of them are going for a cloud-based POS software because you do not need multiple back-end servers at various locations.
There are many points of sale (POS) softwares in Australia. But finding the best POS software for you is vital to get you paid for your products. If you are looking for a POS to the trick, then POS Australia is one of the best options for you. Here is the guide for you to help you buy the best POS software in Australia.
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Monday, October 19, 2020
From Recession to an Ever-Deeper One / Economics / Coronavirus Depression
By: John_Mauldin
Economists who expected a quick recovery from this recession have been revising their forecasts. Mounting evidence suggests the May/June bounce was just that—a bounce, and not a return to prior trends.
I’ve been following Homebase, a payroll/HR data provider for small businesses, whose data gives us high-frequency and nearly real-time information. This is from their September report:
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