Thursday, June 30, 2016
Gold and Silver Precious Metals Bull Market Update / Commodities / Gold and Silver 2016
By: Rambus_Chartology
Tonight I would like to update some of the precious metals stock indexes as they have been basically consolidating for the last couple of months. This has been healthy for this sector which has been on fire since the middle of January of this year.
The first chart for tonight is one of the laggards but you couldn't tell it by looking at the daily chart. The $CDNX, which is a Canadian small cap index, is made up of many precious metal and oil stocks. We've been following this one since it broke above the S&R line back in February. In March it built out its first consolidation pattern for its new bull market which was the blue expanding rising wedge. The blue arrows measures the first impulse move up. After the initial price objective was hit in early May the $CDNX built out another bullish consolidation pattern which was the bullish rising wedge. The price objective for the blue bullish rising wedge is shown by the red arrows. On Monday of this week there was a fairly strong backtest to the top rail but today's price action has now cleared the top rail again after forming the red bull flag as the backtest. It's always a good sign when you see a consolidation pattern sloping in the direction of the main trend.
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Thursday, June 30, 2016
S&P 500 Gets Back Above 2,050 Mark, As Investors Shrug Off Brexit News / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook is neutral, and our short-term outlook is neutral. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Thursday, June 30, 2016
14 Signs the World Is on the Verge of Generational Chaos / Politics / Social Issues
By: John_Mauldin
It is one of the great ironies of life that each generation believes its experiences are unique. The reality is that we have seen this movie before—with different actors, plot twists, and technological advancements.
The basic plot seems to push along a hauntingly familiar path.
In 1997, Neil Howe and William Strauss introduced the concept of Fourth Turning. They divided the population into four generational archetypes: Hero, Artist, Prophet, and Nomad. (read more about the archetypes and their characteristics here)
Each generation consists of people who were born and came of age at the same period in history. They had similar experiences and thus gravitated toward similar attitudes.
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Thursday, June 30, 2016
Millennials Are Doomed Face Existential Crisis to Define the Rest of Their Lives / Politics / Demographics
By: John_Mauldin
Psychologists from Sigmund Freud forward have generally agreed: our core attitudes about life are largely locked in by age five or so. Changing those attitudes requires intense effort.
Neil Howe and William Strauss took this obvious truth and drew an obvious conclusion: if our attitudes form in early childhood, then the point in history at which we live our childhood must play a large part in shaping our attitudes.
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Thursday, June 30, 2016
Silver Is Not Buying the Risk Asset Bounce / Commodities / Gold and Silver 2016
By: AnyOption
Precious metals remain elevated despite the recent rebound in risk assets as silver prices approach new post-Brexit vote highs amid concerning developments relating to the global outlook. As central banks in advanced economies rapidly test the limits of monetary policy, rising speculation of renewed accommodation in the United States is driving silver prices sharply higher. While risk assets have managed to bounce after the referendum sent shockwaves across global financial markets, silver prices have continued to gain momentum, not buying the optimism in stocks and reflecting a sense that haven assets will continue to benefit from growing volatility. Furthermore, more talk about a return to the gold standard could see precious metals reap the rewards of greater influence in the financial system.
Thursday, June 30, 2016
Stock Market: Massive Breadth Thrust / Stock-Markets / Stock Markets 2016
By: Gary_Savage
Two 90% up volume days in a row. Historically that kind of breadth thrust has generated yearly returns of 20% or better. The perma bears just got kicked in the teeth again. This kind of massive breadth thrust is similar to what we saw out of the February bottom, and typical of a market moving out of a multi-year cycle low.
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Thursday, June 30, 2016
Forex Trading: EUR/JPY Trying to Stabilize After Drop / Currencies / Euro
By: Richard_Cox
Forex markets have been taken by surprise with the amount of volatility that has been seen in recent weeks. There are strong fundamental reasons for why this has occurred, as it has been almost impossible to avoid media coverage of the recent ‘Brexit’ events. But now that we have some finality in these areas, it is time to take a step back and assess what is actually happening to prices so that traders have an indication of what to expect going forward.
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Thursday, June 30, 2016
BrExit Stock Market Upwards Crash as FTSE Recovers 100% of Friday Plunge / Stock-Markets / Stock Markets 2016
By: Nadeem_Walayat
Friday's stock market plunge in the wake of BrExit that caught the financial markets, bookmakers and pollsters by surprise who had by the close of polls all but discounted a REMAIN outcome and thus sent stock futures and sterling soaring, only to do a panic reversal a couple of hours later as the actual results started to be announced with the initial triggers being results out of Sunderland and Newcastle. And so with each result a new wave of selling would hit the markets that by 5am had seen the FTSE futures plunge to below 5800, and sterling to spike below £/$ 1.32. Which triggered waves of doom laden commentary warning of End Times for the UK economy, stocks, housing and sterling, as so called analysts published reams and reams of nonsense to explain why the End Was now and stocks were set to literally crash into a brexit black hole.
Wednesday, June 29, 2016
Stock Market Rally Runs Out of Steam / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
If you look closely at the low, you will see a double bottom. The first is at 1991.72 and the second is at 1991.68. I have concluded that the second low is a Wave [v]. It is unusual to have that small a new low to make a wave, but no rules are broken and the pattern fits. That suggests Wave 2 may be complete or nearly so.
The 61.8% Fib calculation is 2066.85, so that retracement is accomplished. In addition, Short-term resistance at 2068.05 has also been reached.
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Wednesday, June 29, 2016
Is the British Pound Poised to Crash to $1.20? - Video / Currencies / British Pound
By: Mario_Innecco
hi Wednesday jun 29th 2016 here at home of alternative
economics and contrarian views
just a little update on the financial markets and the pound sterling
I or the british pound it's a 22 5 p.m. here in London and the pound is
rebounded fairly well from the lows we saw a couple of days ago
just below 130 - I think the lower its one-thirty one-twenty just wanted and
also we're seeing the stock market's rebound quite well I've been thousands
of another 200 points today we're like 17,600 the footsie as well with around
62 6300 so there seems to be a lot of complacency at the moment despite this
Breck's it to a vote you know a few days ago it was the end.
Wednesday, June 29, 2016
Brexit Exposing A Lot Of Fault Lines Within EU / Politics / European Union
By: Gordon_T_Long
FRA Co-founder Gordon T. Long is joined by Peter Boockvar in discussing the aftermath of Brexit and the effects on the future economy.
Read full article... Read full article...Peter is the Chief Market Analyst with The Lindsey Group, a macro economic and market research firm founded by Larry Lindsey.
Prior to joining The Lindsey Group, Peter spent a brief time at Omega Advisors, a New York based hedge fund, as a macro analyst and portfolio manager. Before this, he was an employee and partner at Miller Tabak + Co for 18 years where he was an equity strategist and a portfolio manager with Miller Tabak Advisors. He joined Donaldson, Lufkin and Jenrette in 1992 in their corporate bond research department as a junior analyst. He is also President of OCLI, LLC and OCLI2, LLC, farmland real estate investment funds.
Wednesday, June 29, 2016
Intermediate Cycle Low for Stocks? / Stock-Markets / Stock Markets 2016
By: Gary_Savage
Traders need to be careful for the rest of the week. In a natural market the daily cycle should still have further to fall and after a bounce there should be one more leg down. But as I have warned over and over, we no longer have free markets. We have not had free markets since the SEC banned short sales on financials back in 2008. So it’s entirely possible the PPT intervened today and that’s all we are going to get for an intermediate cycle low.
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Wednesday, June 29, 2016
The U.S. Housing Market Bubble Appears to Have Peaked! / Housing-Market / US Housing
By: Harry_Dent
Two weeks ago, I wrote about an upcoming New York City condominium listing for $250 million. I mention this because, as I’ve explained before, it’s always the tallest buildings and priciest condos to get hit during major downturns.
Just look at the early 1930s and mid-1970s marking peak bubbles if you don’t believe me!
Wednesday, June 29, 2016
The Fed’s Money Printing Brings a Strange Outcome / Interest-Rates / Quantitative Easing
By: Rodney_Johnson
I keep reading that the U.S. debt is out of control. That we’re spiraling toward a certain financial death, evidenced by the fact that we now owe more than 100% of annual GDP.According to a recent study by Rogoff and Reinhart, this is well beyond the threshold of where economies struggle. And we’re not alone. Several other countries have the same high level of debt outstanding, and Japan is at the top of the list, owing almost 250% of GDP. Clearly, we’re all going to die.
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Wednesday, June 29, 2016
The Brexit: No One Said Breaking Up is Easy / Politics / EU_Referendum
By: Rodney_Johnson
British Prime Minister David Cameron must be frustrated with Brexit. He has long pushed for Britain to remain in the European Union (EU), but the vote is turning against him. Like a parent responding to a child who just realized that adults really can’t force him to do anything, Cameron’s struggling to persuade the population to see things his way.He tried telling people about the wonderful, harmonic world they now enjoy as a pan-European group, but that didn’t fly. He waved white papers estimating that British GDP would fall 3% to 4% per year, but still no dice. So now, he has thrown down the fear card.
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Wednesday, June 29, 2016
Rapid Growth:The Financial Trends Of Online Gaming / / Gambling
By: ....
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Wednesday, June 29, 2016
FTSE and Sterling Brexit Trading, Deconstruction of the EU Referendum Result / Stock-Markets / Financial Markets 2016
By: Nadeem_Walayat
On Thursday 23rd of June 2016 the people of Britain confounded all expectations by voting to LEAVE the European Union, triggering political pundits in the mainstream media to write reams and reams of gibberish for why Britain voted for Brexit, when the reason why is very simple and self evident in the results themselves! Namely that the people of Britain from right across England and Wales rebelled against the London Westminister elite, and so London along and a few other southern regions were the only ones to vote for REMAIN.
Wednesday, June 29, 2016
In Wake of Brexit the EU Announces Ultimatum For Superstate / Politics / European Union
By: Jeff_Berwick
The UK Express among other publications reported that plans have been announced for an EU superstate that would blend all EU nations into an Orwellian whole (European SUPERSTATE to be unveiled: EU nations ‘to be morphed into one’ post-Brexit).
That was quick! Within two days of Brexit, plans were already released to rid all remaining EU nations of sovereignty!
That was even quicker than the 363 page “Patriot Act,” which was typed up in only seven days after 9/11!
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Wednesday, June 29, 2016
Brexit, Cycles and The Revolt Against Globalism / Stock-Markets / Cycles Analysis
By: Clif_Droke
Everywhere one turns there is evidence of widespread rage and frustration. The peoples of Europe and the Americas in particular are aggrieved at their political lot and are becoming increasingly angry. What was once a simmering resentment has become a boiling cauldron of discontent.
The latest token of this growing anger is the outcome of Britain's vote to leave the EU. The majority of British voters have decided they've had enough of austerity and have expressed their unhappiness in no uncertain terms, much to the consternation of global financial markets. This in turn has inspired other European countries to pursue independence from the Union.
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Wednesday, June 29, 2016
Stock Market 13-14 Month Cycle Low / Stock-Markets / Cycles Analysis
By: Ed_Carlson
The 20th century market guru, George Lindsay, explained that, no matter how long a bear market lasts, there is usually an obvious low 13 to 14 months after the previous bull market high (in this case, May 2015). This 13-14 month low is important even though it may not be the low of the Basic Cycle. 13-14 months is the time span of a long Basic Decline.
"Not just any secondary top or bottom. But the secondary high or low, the one that fairly jumps out at you from a bar chart."
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