Friday, November 04, 2016
Stock Market and Election Implications / Stock-Markets / Stock Markets 2016
By: Brad_Gudgeon
The SPX is attempting to rally this morning and we had those strange up blips up in the aftermarket yesterday on the SPY to 213.10, but earlier this week saw one that went to 215.53 and it did not work as it has in the past.
Ideally, we see a market top today 2 TD's. The last three 8 TD cycles ( 2) ran 6+6+10. We have another trine on Nov 5th, the last two (Oct 30 & Nov 1) knocked the market down after holding it up slightly on very strange internal e-wave patterns that normally suggest higher prices (the problem with interpreting bearish abc waves).
Read full article... Read full article...
Friday, November 04, 2016
The Office of the President of the United States / Politics / US Politics
By: Raul_I_Meijer
Amidst the epic flood of political statements and media commentary that keeps on rolling in and on, there’s something that doesn’t seem to occur to most people, and it should. That is, the unfortunate but apparently inevitable discussion about all the unfortunate and/or illegal things that either candidate may or may not have done, must be seen in the light of the capacity in which -perceived- errors or even crimes are committed. It is essential to this issue.
Friday, November 04, 2016
Here's What Makes Elliott Waves a Useful Forex Tool / InvestorEducation / Forex Trading
By: EWI
Some Elliott wave forex traders do watch the news -- but for different reasons
Last Friday, EURUSD rallied strongly. Said Reuters:
"The U.S. dollar tumbled against a basket of major currencies...on U.S. political uncertainty after the FBI said it would review more emails related to Democratic presidential candidate Hillary Clinton's private email use."
It's true that the euro rallied after Friday’s news. But we pointed out in our October 21 story that Elliott wave patterns had already been calling for a bottom, if only a temporary one.
Read full article... Read full article...
Thursday, November 03, 2016
Will London Gold Market Self Destruct? Ripe For China Take-over? / Commodities / Gold and Silver 2016
By: GoldCore
- London Gold Market has been unchallenged for nearly 100 years
- So opaque that quotes of its $5 trillion size are estimates
- Five new offerings are set to appear in the market in the next six months
- Increased fragmentation set to reduce liquidity
- A share of gold price discovery is ripe to be taken by China
- Disruption in the London Gold Market gives opportunity to the East to take more control of the market.
Thursday, November 03, 2016
The Rise in Infectious Diseases Means Opportunity for Biotech Investors / Companies / BioTech
By: John_Mauldin
BY PATRICK COX : The CDC has expanded its count of Miami neighborhoods with verified local transmission of the Zika virus. As a result, pregnant women are taking precautions. Some have left the area. Others are donning hazmat suits.
At least one case of locally acquired Zika has been confirmed on Florida’s Gulf Coast where I live, and there are probably more. This is because most people don’t know that they’ve been infected and are carriers.
Read full article... Read full article...
Thursday, November 03, 2016
Donald Trump & The Passion of the ChristDonald Trump & The Passion of the Christ / ElectionOracle / US Presidential Election 2016
By: Antonius_Aquinas
if Donald Trump can somehow defeat the Wicked Witch of Chappaqua despite vote rigging, outlandish media bias, backstabbing by his own party’s elites, and opposition of Wall Street, his victory may be the most serious setback for The Establishment since, perhaps, the release of Mel Gibson’s blockbuster movie, The Passion of the Christ.
Both Gibson and Trump faced seemingly impossible odds at the start of their quests and were viciously attacked and undermined by the usual Establishment suspects, yet, in Gibson’s case, he was able to beat the bastards at their own game producing one of the most accurate and authentic Christian movies ever made which garnered over a half billion dollars and numerous cinematic awards!
Read full article... Read full article...
Thursday, November 03, 2016
S&P 500 At 2,100 Support Level - Make Or Break? / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,150, and profit target at 2,020, 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, November 03, 2016
Stock Market Reaches Deadly 7 Straight Days of Losses As Catholic Jubilee Year End Day Approaches / Stock-Markets / Stock Markets 2016
By: Jeff_Berwick
The S&P 500 has only fallen for 7 straight days three times in the last 20 years. And, each time it was during a financial crisis.
And, it just happened again today. The S&P 500 fell 0.65% on Wednesday, marking seven days in a row of losses.
Read full article... Read full article...
Thursday, November 03, 2016
Trump Converging Towards BrExit Factor Election WIN, Opinion Polls are WRONG Again! / ElectionOracle / US Presidential Election 2016
By: Nadeem_Walayat
With just 4 full days to go until the polls open Tuesday 8th, Trump continues to bounce in the polls and betting markets that has resulted in near panic in the Democrat camp that less than a week ago were seen relaxing on expectations for a Hillary landslide election victory. But now, after last Fridays FBI bombshell all that has changed and the Clinton clan are busy crisscrossing the swing states, mainly attempting to bolster the lack lustre black vote that despite fearing Trumps rhetoric nevertheless are unable to find much incentive to get out and vote for the ultimate washington insider Hillary.
Thursday, November 03, 2016
The Chartology of Gold / Commodities / Gold and Silver 2016
By: Rambus_Chartology
Tonight I would like to look at some gold charts as it has been showing some relative strength since October. We can even go back to February of this year which shows a possible big diamond consolidation pattern building out. Regardless of whatever trading discipline one uses the last nine months of price action has been difficult at best to read.
Thursday, November 03, 2016
US 2016: Fight for Leadership Begins After the Election / ElectionOracle / US Presidential Election 2016
By: Dan_Steinbock
After the bizarre 2016 election, Washington faces a slate of investigations and a gridlock. Internationally, threats include new Cold War(s). Depending on the outcome, the election could even be contested.
If Hillary Clinton wins, she will flash her broad smile like Alice in the Wonderland, with Vice President Tim Kaine, Bill and Chelsea on her side. The conventional story will be that her victory built on her egalitarian economic policy, gender concerns, international relations, strong defense policy and good ties with Europe and Japan.
Thursday, November 03, 2016
Gold: It’s All About the US Dollar / Commodities / Gold and Silver 2016
By: Submissions
Kelsey Williams writes: The relationship between gold and the US dollar is similar to that between bonds and interest rates. Gold and the US dollar move inversely. So do bonds and interest rates.
If you own bonds, then you know that if interest rates are rising, the value of your bonds is declining. And, conversely, if interest rates are declining, the value of your bonds is rising. One does not ’cause’ the other. Either result is the actual inverse of the other.
Read full article... Read full article...
Wednesday, November 02, 2016
Stock Market Speculative Scenario on FOMC Day / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
This has been a highly unusual FOMC day. The swing has been a mild on in comparison to past announcements.
An interesting Wave structure may be emerging. Should SPX make another probe beneath its daily mid-Cycle support at 2096.53, it may complete yet another impulsive Wave. The target with the “best fit” to complete the impulse [Wave (v) equals Wave (i)], would be near 2075.00. That would give the decline from the top of Wave (B) over 100 points on its 42nd day (tomorrow) from the 2179.79 high on September 22.
Read full article... Read full article...
Wednesday, November 02, 2016
Bitcoin Price Soars on Its Eighth Birthday / Currencies / Bitcoin
By: Jeff_Berwick
As of yesterday it was eight years to the day since Bitcoin’s initial white paper was posted to the internet.
And what a birthday party it had, soaring from $614 on October 1st to around $728 today with gold and silver also rocketing higher, with silver up more than 3% today.
Read full article... Read full article...
Wednesday, November 02, 2016
“Trump Might Actually Win” - This Is What Gold and Silver Do In A Political Crisis / Commodities / Gold and Silver 2016
By: John_Rubino
A week ago it looked like the US government was destined to end up firmly – maybe even more firmly — in the hands of the banks, public sector unions and defense contractors. Trump was imploding and the markets were basking in the prospect of never-ending liquidity from a re-energized Fed. And safe-haven assets like gold were being dumped in favor of growth stocks and the like.
Wednesday, November 02, 2016
Diwali, Gold and India – Spiritual, Religious Gold Buying Over? / Commodities / Gold and Silver 2016
By: The_Gold_Report
I live in Dubai where Diwali has been the focus for many this weekend. With Diwali comes not just fantastic light displays and celebrations but also huge adverts for Hindus to buy gold for their loved ones in India and throughout the world.
Buying gold at Diwali is a religious or spiritual act and it is considered auspicious and thought to bring good fortune and prosperity.
Read full article... Read full article...
Wednesday, November 02, 2016
Stock Market Rally on FED Speak Today? / Stock-Markets / Stock Markets 2016
By: Brad_Gudgeon
The chart below shows that we have the likely hood of staging a huge rally today in the stock market. In fact, the NASDAQ 100 could make a new high by Friday. The trines of October 30 and November 1 turned out to be exhaustion points in a down trend. The 5/10/20 and 40 week lows still loom ahead and are due sometime in mid to late month. Thanksgiving week could be pivotal.
Read full article... Read full article...
Wednesday, November 02, 2016
The Economic Twilight Zone in Japan / Economics / Japan Economy
By: Rodney_Johnson
It wasn’t supposed to be like this.As I learned in my MBA studies in the early 1990s, the sun was setting on the U.S. as a global economic power, just as it had on the British Empire 80 years before. The Land of the Rising Sun was ascending, and our job was to manage the decline of the U.S. as effectively as possible. There was even a book from famed McKinsey consultant Kenichi Ohmae on the subject, Triad Power.
Read full article... Read full article...
Wednesday, November 02, 2016
The Demise of the U.S. Middle Class / Politics / Social Issues
By: Harry_Dent
Our middle class has been shrinking substantially since the 1960s and ’70s. Today, their share of wealth is the lowest in the world at a mere 19.6%!But what exactly is to blame for the demise of the middle class?
Could it be the outsourcing of manufacturing jobs to China and other Asian countries?
Read full article... Read full article...
Wednesday, November 02, 2016
Forex Trading - USD/CHF Declines Sharply / Currencies / Forex Trading
By: Nadia_Simmons
Although the Institute for Supply Management showed that its manufacturing purchasing managers' index increased to 51.9 in Oct, the USD Index moved sharply lower. As a result, the greenback declined significantly against the Swiss franc. What does it mean for USD/CHF?
In our opinion, the following forex trading positions are justified – summary:
Read full article... Read full article...