Thursday, January 07, 2016

Making Heads or Tails of This Stock Market / Stock-Markets / Stock Markets 2016

By: EWI

We don't have all the answers. But we do have 30-plus years of market experience on our side.

As the books were closed on 2015, the Chicago Tribune reported:

"After a dismal stock finish to 2015, your natural conclusion might be: Why did I bother?

Thursday, January 07, 2016

My New Year's Resolution: Don't Confuse Debt with Wealth / Stock-Markets / Financial Markets 2016

By: MoneyMetals

Guy Christopher writes: If you don't have a magical crystal ball to see the future, then a good history book will do the job. Understanding the past offers a full color panorama to the dangers and opportunities facing you in 2016.

Unpayable debt is becoming the Big Story of the 21st Century across the globe. Life-altering disruptions will be the norm, with little that mankind has not seen before.

Thursday, January 07, 2016

Stock Market Perfect Storm! / Stock-Markets / Stock Markets 2016

By: John_Rubino

One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008 when the carnage could be traced back to US subprime housing, or 2000 when tech stocks crashed and pulled down everything else, this time around a whole bunch of seemingly-unrelated things are unraveling all at once.

Thursday, January 07, 2016

Stock Market Inflection Point, Breakouts, Gold, Commodities / Stock-Markets / Stock Markets 2016

By: Rambus_Chartology

Today felt like an inflection point in gold and the INDU with both breaking important trendlines. As there is alot of ground to cover tonight lets get right to the charts starting with the daily look at the INDU. Today the INDU finally closed below the bottom rail of the now seven point bearish falling flag and the double bottom trendline at 16,920. This was a big deal IMHO. We may see a little backing and filling in this general area but today's move clearly setup a pattern of lower highs and lower lows. Note the six point bearish falling wedge that formed back in July of last year. As it formed below the previous high it needed an even number of reversal points to complete the pattern to the downside. Because our current seven point bearish falling flag formed at the top it needed to have an odd number of reversal points to make a reversal pattern. One last point on the chart below which shows two red arrows one point up and the other pointing down. As you can see the rally out of the low made in October was vertical only taking three days. The red arrow pointing down shows how it's possible we may see the INDU reverse symmetry back down over the same area as shown by the red arrow pointing up.

Thursday, January 07, 2016

China, Oil and Markets: It’s All One Story / Stock-Markets / Financial Markets 2016

By: Raul_I_Meijer

If there’s one thing to take away from this year’s developments in markets and economies so far, it’s that they are all linked, they’re all part of the same thing. If you can’t see that, you’re not going to understand what’s happening.

Looking at falling oil prices as a separate thread is not much use, and neither is doing the same with Chinese stocks, or the yuan, or the millions of Americans who are one paycheck away from poverty, for that matter. It’s all one story.

Thursday, January 07, 2016

Why are Gold Stocks Outperforming? / Commodities / Gold and Silver Stocks 2016

By: Ned_W_Schmidt

Even a cursory review of U.S. stock market indices over the past year shows sharp differences in the character of the first half of last year and the latter half. A clear discontinuity occurred in the path of that market. That a Part A and a Part B existed cannot be ignored. The fantasies and dreams of Part A were dashed in Part B. For whatever the reason, the character of markets changed.

Table that follows shows end of July 2015 values for a number of market indices and investments, the recent value for the same, and the percentage change for that period. One question comes to mind after reviewing this table. Why are the Gold stocks outperforming?

Thursday, January 07, 2016

Stock Market Bend, Bend, Bend.... Break / Stock-Markets / Stock Markets 2016

By: Dan_Norcini

The S&P 500 has been bending over the last three trading sessions ( first three trading days of this New Year) but refused to break down. Overnight however, that has changed, at least during Asian trade and very early European trade.

Notice how the index has dropped below the 2000 level twice to start the year but always managed to close back above that level. On Wednesday, the market broke down below that key 2000 level but rebounded heading into the closing bell to avoid managing to close below the spike lows in December and on Monday of this week.

Thursday, January 07, 2016

Perth Mint Silver Coins Sales Surge 56%, Gold Sales Drop 16% In 2015 / Commodities / Gold and Silver 2016

By: GoldCore

Perth Mint’s sales of silver coins surged 56%, while gold sales fell 16% in 2015, as silver stackers continued to accumulate silver coins and bars and the new silver nugget or kangaroo bullion coin (1 oz and 5 oz) saw very high levels of demand.

The Perth Mint’s gold sales rose in December from the prior month, but annual sales slid by nearly a fifth in 2015. Gold sales in December rose to 40,096 ounces from 31,664 ounces in November, the mint said on its website on Wednesday as reported by Reuters.

Thursday, January 07, 2016

Stock Market Negative Expectations Again, Following Asian Markets' Rout / Stock-Markets / Stock Markets 2016

By: Paul_Rejczak

Briefly: In our opinion, no speculative positions are justified.

Our intraday outlook is now neutral, and our short-term outlook is neutral:

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): bullish

Thursday, January 07, 2016

Crude Oil Price Breakdown! / Commodities / Crude Oil

By: Nadia_Simmons

Trading position (short-term; our opinion): Short positions (with a stop-loss order at $39.12 and an initial downside target at $33.66) are justified from the risk/reward perspective.

On Tuesday, crude oil lost 2.47% as a stronger greenback pushed the price lower. As a result, light crude extended losses and broke below important support line. What impact could it have on future moves?

Thursday, January 07, 2016

Another China Yuan 2% Devaluation Coming Up? Explaining Chinese Capital Flight / Currencies / China Currency Yuan

By: Mike_Shedlock

Another Yuan Devaluation Coming Up?

Currency trends suggest another yuan devaluation is coming up. Specifically, the gap between the mainland China yuan (renminbi) to the US dollar, vs. the offshore floating rate of the yuan to the US dollar is now at a record high.

The reason there are two rates is China has tight controls on the range the yuan trades in China, but the yuan floats outside China.

Thursday, January 07, 2016

Emerging Market Currencies Hit the Skids / Economics / Emerging Markets

By: AnyOption

Investors, equities traders and global analysts were shocked when the Shenzhen Composite Index and the Shanghai Composite Index opened to a 7% decline on Monday, 4 January 2015. That alarm bells sounded and markets were shut down is testament to the precarious predicament of Chinese equities. As the world's second largest economy, China weakness has a devastating effect on the fortunes of developing countries and developed countries alike. Such was the negative sentiment around the sharp declines in Chinese equities, mutual funds and foreign funds (with an emphasis on Asian stocks), that global bourses also moved south. The situation is being compounded by sharp declines in oil prices, with oil futures for February setting fresh new lows.

Thursday, January 07, 2016

Stock Market Bears Trying....Bull-Bear Nearing Zero... / Stock-Markets / Stock Markets 2016

By: Jack_Steiman

What an interesting night we had last night. N. Korea blowing up a hydrogen bomb and causing a 5.2 earthquake. China had a terrible services number and also put a ban on selling. Government intervention to save its own hide at its best. The markets didn't take well to the news overall as one would expect. This caused a gap down in our futures below key 1993 S&P 500 support. Not to worry. As usual, the market found a way to hold off the bears. Seven years of this, so that was no surprise to anyone. It's an old story.

Thursday, January 07, 2016

Crude Oil Price Tanks but Oil Tankers are Filling Up and Raking it In / Commodities / Crude Oil

By: Sol_Palha

"A man, when he wishes, is the master of his fate." ~ Jose Ferrer

While oil continues to drop, there is one sector connected to the oil market that is doing rather well. It is the oil tanker sector, and while oil is trading at 11-year lows, many stocks in this sector are already posting double digits gains over the past 12 months. This sector looks appealing both from the Contrarian and Mass psychology perspective for the following reasons.

Wednesday, January 06, 2016

ISM a Leading Indicator of Jobs? Why 2016 Will Shock to the Downside! / Economics / Employment

By: Mike_Shedlock

ISM a Leading Indicator of Jobs?

I expect monthly jobs reports in 2016 will shock to the downside. Before I list all the reasons, here's an interesting chart that suggests manufacturing ISM is a leading indicator of jobs.

Wednesday, January 06, 2016

GBPUSD And Natural Gas Elliott Wave Analysis / Currencies / British Pound

By: Gregor_Horvat

GBPUSD

GBPUSD is at new low so obviously wave 4 is already completed at 1.4815 with another sharp correction. We see current price in wave 5, final leg within an extended wave 3) that can be underway towards 1.4550 area where we see some Fibonacci ratios that can act as a support. That said, traders must be aware of turn up into a new corrective rally as we approach end of the week.

Wednesday, January 06, 2016

Financial Repression Authority Predicts Massive Tax Grab Coming in 2016 at All Levels of Government / Politics / Taxes

By: Gordon_T_Long

A Massive 'Tax Grab' Must Now Be Expected

The Financial Repression Authority sees the massive government tax grab already quietly underway accelerating in 2016 in most of the developed economies.

Wednesday, January 06, 2016

Stock Market Retracement Underway / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

SPX is struggling with the 2-hour Cycle Bottom resistance at 2001.88 in a probable retracement Wave (c). Yesterday’s bounce high at 2021.94 appears very near the 38.2% retracement level, using today’s new low as the starting point. The 50% retracement level is at 2033.50, not far from Intermediate-term resistance at 2039.72.

Wednesday, January 06, 2016

SPX Gapping Down Hard / Stock-Markets / Stock Markets 2016

By: Anthony_Cherniawski

Good Morning!

The SPX is set for a massive gap down. The Premarket is -36.00 as I write.

The key may have been the Chinese “surprise” devaluation. ZeroHedge writes, “Less than a month ago, and just days after the Yuan was finally inducted into the IMF's hall of reserve currency fame, the Chinese Foreign Exchange Trade System, a part of the PBOC, made it very clear that what was about to happen would not be pretty, when it announced - in a statement which clearly everyone ignored - that going forward it would index the relative strength of the CNY not to the USD but the a basket of currencies (against which the USD to which it is pegged has been soaring).“

Wednesday, January 06, 2016

Gold Price Up On Mid East, Asia Risk – January Best Monthly Performance / Commodities / Gold and Silver 2016

By: GoldCore

- Gold up 2.5% in January on stock falls, Korea nuclear test, Middle East tensions
- Gold up an average of 4.4% in January over past decade
- January positive month for gold and silver

Gold prices hit a four-week high today over $1,088 per ounce, extending gains for the third day and leading to a 2.5% gain year to date. Deepening concerns over the indebted Chinese economy saw falls in stock markets again and tensions rose in Asia and the Middle East.