Thursday, March 24, 2016
US Economic Growth Remains Sluggish…Markets Remain Uninspired / Stock-Markets / Financial Markets 2016
By: Dan_Norcini
This morning’s Durables Goods report underscored just how moribund economic growth in the US remains.
Additionally we learn that US business investment remains lackluster at best.
While Central Banks are spiking the punch bowl, it appears the party goers are not imbibing.
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Thursday, March 24, 2016
The 'Dangerous Obsession' with Gold / Commodities / Gold and Silver 2016
By: Jesse
"Gold has worked down from Alexander's time. When something holds good for two thousand years I do not believe it can be so because of prejudice or mistaken theory." Bernard Baruch
"The commerce and industry of the country, however, it must be acknowledged, though they may be somewhat augmented [by paper money], cannot be altogether so secure, when they are thus, as it were, suspended upon the Daedalian wings of paper money, as when they travel about upon the solid ground of gold and silver." Adam Smith, Wealth of Nations, p. 262
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Thursday, March 24, 2016
US Dollar Rebound Spells Further Downside for the Kiwi Dollar / Currencies / Forex Trading
By: AnyOption
With rhetoric for US rates hikes ramping higher while other advanced economies across the globe consider the merits of additional accommodation, the US dollar has found itself on the mend after several weeks of softness. Even though US macroeconomic data has been mixed and at times disappointing, first quarter growth is projected to be strong, paving the way for additional tightening while countries such as New Zealand contemplate lowering benchmark rates even further. Read full article... Read full article...
Thursday, March 24, 2016
FT Misinterprets Sterling Market Action on BrExit Fears, EU Referendum Propaganda? / ElectionOracle / EU_Referendum
By: Nadeem_Walayat
A recent article in the FT's EU Referendum fear campaign is concerned with the rise in the cost of insuring against a fall in sterling as a consequences of the increasing risks of BrExit that it attributes to the Brussels terror attacks. The story is a continuation of operation Fear that began with Boris Johnson's declaring to join the LEAVE / BrExit campaign.
Thursday, March 24, 2016
Stock Market SPX May Gap Down / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
Good Morning!
SPX crossed another short-term trendline in the Premarket and appears to be challenging its Short-term support at 2020.07. Should SPX gap beneath that level at the open, we may be in for a fast ride to Intermediate-term support at 1854.42. It is my opinion that 2040.00 was the most important support of the rally.
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Thursday, March 24, 2016
Share Buybacks: Destructive Innovation That's Keeping Stock Market Bull Alive / Stock-Markets / Stock Markets 2016
By: Sol_Palha
"A man sits as many risks as he runs." ~ Henry David Thoreau
Robin Hood robbed the Rich to help the poor; in the modern day version the Rich rob both Robin Hood and the poor to become even richer. The rich in this case are the greedy corporations and the officers that run the show behind the scenes. In this lazy world, the only thing that matters is money and how to make as much of it as fast as possible. Hence, the best way to boost earnings without doing anything is to buy back boatloads of shares and in doing so artificially boost earnings. It is a perfect scam.
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Thursday, March 24, 2016
Stock Market Uptrend Reversal Or Just Downward Correction? / 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, March 24, 2016
BBA statistics show that UK mortgage borrowing is 33% higher than a year ago / Housing-Market / Mortgages
By: MoneyFacts
Charlotte Nelson, Finance Expert at Moneyfacts.co.uk, comments: “Mortgage borrowing has shown yet another year-on-year rise, which is unsurprising considering that rates in the mortgage market are still falling to new all-time lows. For example, the average two-year fixed mortgage rate has decreased from 3.06% to 2.56% in just 12 months, while the average five-year fixed rate has dropped from 3.60% to 3.20% over the same period.
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Thursday, March 24, 2016
The Current Oil Price Rally Is Reaching Its Limits / Commodities / Crude Oil
By: OilPrice_Com
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase.U.S. oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at nearly 9.7 million barrels per day (mb/d) in April 2015. American oil companies have gutted their budgets and have put off drilling plans, with many projecting absolute declines in 2016.
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Thursday, March 24, 2016
GLX, GLDX, Baby Gold Bull Market Stillborn? / Commodities / Gold and Silver Stocks 2016
By: Rambus_Chartology
Today felt like a short covering rally during the bear market years in the PM complex only in reverse. Days like today can make one think that the rally over the last two months is all she wrote for the new bull market.. Did the baby bull die at birth ? Maybe , but I’ll need to see more proof that the bear market for the precious metals stocks, that ended on January 19th of this year is back.
During a bull market it’s nice to see new highs being made even if it’s for the short to intermediate term time frame. Then to confirm a new uptrend we need to see higher highs and higher lows being made. Since the January 19th low we’ve seen the PM stock indexes making higher highs but we’ve not seen a higher low put in yet because the rally has been so strong. Tonight I would like to show you the new bull market for the GLDX, global explores, using horizontal support and resistance lines. You can apply the same principal to the other precious metals stock indexes like the HUI or the GDX.
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Thursday, March 24, 2016
Stock Market Unwinding...Market Environment... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
The market finally fell a little bit today. Are the bulls ok? I want to be sure you're handling it well. I wouldn't want any of you to feel someone is messing with you. I know it seems inappropriate for a down day, but it does happen every once in a while. Sometimes it's actually even a good thing. It helps to work off overbought conditions. I know it doesn't feel good, but that's the way it is. A day off from upside happens. Today was that minor down day and it did its job for the short term. A lot of solid unwinding for the short-term sixty-minute charts. The stochastic's, MACD, and RSI all having a nice move lower to allow the charts to reset themselves. The only problem the bulls will be facing will be yet another negative divergence will form on the next attempt higher since the MACD and other oscillators did impulse lower yet again on the selling.
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Thursday, March 24, 2016
A Love Affair: India and Gold / Commodities / Gold and Silver 2016
By: Submissions
India has had a long-standing love affair with gold. At Indian weddings, some of the brides get so much gold jewellery that it weighs them down. There are upwards of 15 million weddings every year in India. According to the World Gold Council, upwards of 50% of Indian demand for gold is destined for weddings. Gold is ingrained in the culture and a part of their belief system. Not only is it integral to weddings, gifts of gold are common for anniversaries, birthdays and religious festivals. Gold jewellery is not regarded solely as adornment. It is a store of wealth. At one time it was widely accepted that women could not own anything except for their gold jewellery. That custom still prevails outside the major cities. Gold has spanned centuries and millennia in India.
Thursday, March 24, 2016
Brussels Terror Attacks, Death of the European Union, BrExit Wake up Call / Politics / European Union
By: Nadeem_Walayat
The Syrian civil war is coming home to roost to a fatally flawed European Union for the fundamental fact every EU nations borders begin with the borderline third world state of Greece, which along with the rest of eastern europe should never have been allowed to join the European Union as this weeks Brussels terror attacks just represent the tip of the ice-berg of full spectrum instability that is the European Union.
Wednesday, March 23, 2016
The Next Financial Crisis Will Be THE Crisis / Stock-Markets / Financial Crisis 2016
By: Graham_Summers
For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis
All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem BEFORE 2008… there is no way that things are better now. After all, we’ve just added another $20 trillion in debt to the US system.
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Wednesday, March 23, 2016
The ONLY Buyer of Stocks Just Stopped Buying… Buckle Up / Stock-Markets / Stock Markets 2016
By: Graham_Summers
The rally of the last month has many scratching their heads.
That is, until you realize:
- Most of it was driven by “short-covering.”
- The primary buyers of stocks today are corporations buying back their stock to juice EPS, not actual investors.
- Actual investors have been selling the farm.
Wednesday, March 23, 2016
Fed's Bullard: We Are Overshooting on Inflation / Economics / Inflation
By: Bloomberg
Federal Reserve Bank of St. Louis President James Bullard spoke with Michael McKee and Tom Keene on Bloomberg TV and Bloomberg Radio this morning. He discussed Fed policy, the U.S. economy global inflation, and moving toward a more normal nominal interest rate structure.
Bullard said policy makers should consider raising interest rates at their next meeting: "You get another strong jobs report, it looks like labor markets are improving, you could probably make a case for moving in April."
Wednesday, March 23, 2016
Bullard Gives Stocks Bears a Boost / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
This is a close approximation of the trendlines that SPX is dealing with. Fortunately, SPX has made a declining impulse (5 waves) to the 4.3-year trendline. It is now in a bounce that may take it back to yesterday’s close or the shorter-term trendline, depending on how long it takes.
Confidence in the reversal rises once the retracement is complete, preferably beneath the short-term trendline.
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Wednesday, March 23, 2016
Two Short-Term Forex Market Trading Strategies That Can Make You Money / Currencies / Forex Trading
By: Nicholas_Kitonyi
There is much debate amongst experts about whether a buy-and-hold strategy or active short-term trading will earn you higher returns in the long run. There are numerous stories about people successfully turning a few thousand dollars into over a million dollars, by sitting at home in front of their computers and actively trading the market every day. On the other hand, many financial experts believe that buy-and-hold is the way to go as the majority of actively managed funds do not outperform their benchmark indices.
Wednesday, March 23, 2016
Federal Reserve's Policy Forecasts Two Down - Two to Go / Interest-Rates / US Federal Reserve Bank
By: Peter_Schiff
The Federal Reserve's years-long campaign to sheepishly back away from its own policy forecasts continued in earnest last week when it officially reduced the four expected 2016 quarter point hikes, suggested back in December, to just two. Given the deteriorating economic outlook, I believe there can be little doubt that the Fed will soon complete the capitulation process and remove all expectations for additional hikes this year. Even before that happens, savvy observers should have already concluded that the Federal Reserve is stuck in the monetary mud just as firmly now as it has been since the dawn of the financial crisis back in 2008.
Wednesday, March 23, 2016
The Greatest Stock Market Crash Of Your Life Is Just Ahead… – Warns Harry Dent / Stock-Markets / Stock Market Crash
By: GoldCore
Harry Dent, best-selling author and economist, has warned that the stock bubble in the U.S. today is the biggest in history and that the “greatest crash of your life is just ahead…”
Writing on his website EconomyandMarkets.com, Dent warned that
Read full article... Read full article...The story on Wall Street and CNBC continues to be that we’re in a correction and this is a buying opportunity. Even Warren Buffett joins the chorus of stock market cheerleaders for the skeptical public. Well, I agree with the skeptical public, not the experts here!