Tuesday, October 20, 2015
More Bad News From China.... Stock Market Yawns.... / Stock-Markets / Stock Markets 2015
By: Jack_Steiman
China reported their growth numbers yesterday and they were very poor. They were lower than expected, and showed the slowest growth in six years. Not good news again on the economic front, especially since China is such an important importer and exporter of goods. This news gave our market the excuse to sell today, since we are overbought not only on the sixty-minute chart, but on the daily charts as well when we look at stochastic's.
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Tuesday, October 20, 2015
EWI's FOREX FreeWeek is now on: Get free, live forecasts for USD, EUR, JPY and more / Currencies / Forex Trading
By: EWI
Greetings,
Our friends at Elliott Wave International have just announced the start of a rare, free event for forex traders at elliottwave.com:
Forex FreeWeek, Oct. 19-23
Now through noon on Oct. 23, test-drive their trader-focused Currency Pro Service -- at no cost to you.
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Tuesday, October 20, 2015
(Interview) Forex FreeWeek Preview: "Dollar is at an inflection point" / Currencies / Forex Trading
By: EWI
Forex FreeWeek at elliottwave.com runs Oct. 19-23
Currency Pro Service editor Jim Martens sat down with us Friday, October 16, to talk about what he expects to see from the dollar and related pairs during Forex FreeWeek.
Jim also shares his tips on controlling your emotions when trading and explains the importance of riding the trend in a market.
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Monday, October 19, 2015
Robert Shiller Is Shilling for Socialism / Politics / Social Issues
By: MISES
Peter St. Onge writes: The Nobel Prize just gets cheaper and cheaper. Recent laureate Bob Shiller graces the New York Times with his latest rant that free-markets stink, bolstering his argument by making stuff up.
For starters, Shiller writes that America’s wealth “can be attributed” to regulation. Well, sure, it “can be attributed” to Zeus. Or sunspots. In the real world, America became the richest country long before the regulation age, and that position has been eroding ever since. Maddison (2007) estimates that by 1913 — before the New Deal regulatory explosion — the US was at $5,300 per person PPP (purchasing power parity), against $3,500 in Western Europe, $1,500 in Latin America, and $700 in the rest of Asia and Africa.
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Monday, October 19, 2015
Tea Party is Drinking Too Much Decaf / Politics / US Politics
By: Michael_Pento
On December 16th, 1773 the Sons of Liberty in Boston, in protest of the Tea Act, destroyed an entire shipment of tea sent by the East India Company, in a political protest referred to as the Boston Tea Party.
Following the Wall Street bail-outs in 2009, a political movement also protesting their lack of representation in government sought a reduction of the U.S. national debt and deficits by reducing government spending and lowering taxes. They were referred to as The Tea Party, named from the aforementioned Boston variety.
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Monday, October 19, 2015
Banking Stocks Sector Now Looking in the Money / Companies / Banking Stocks
By: Sol_Palha
A sign on the door of Opportunity reads Push. -
Anonymous
The financial sector has pulled back nicely during the market sell off in August, setting up a nice opportunity for the contrarian player. The masses are fixating on whether or not the Fed will raise interest rates by a minuscule 0.25%. While they fixate on this issue opportunity could be at hand;now might be the time to put some money into banks. One simple way to achieve this would be via KBW Nasdaq Bank Index (BKN).
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Monday, October 19, 2015
Crude Oil Market Showdown: Can Russia Outlast The Saudis? / Commodities / Crude Oil
By: OilPrice_Com
"Two men enter, one man leaves, two men enter, one man leaves, two men enter..." -
Mad Max: Beyond Thunderdome November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.
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Monday, October 19, 2015
Gold Shows Strength as Debt Ceiling Showdown Approaches / Commodities / Gold and Silver 2015
By: MoneyMetals
Stefan Gleason writes: Gold and silver markets enter this week on improved technical footing. The precious metals each rallied above resistance levels last week as disappointing economic data stimulated safe-haven buying.
Silver cleared the $16.00 level, while gold poked above its 200-day moving average for the first time in five months on Wednesday. And prices closed Friday right at the 200-day line and remain there this morning.
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Monday, October 19, 2015
Transformational Technology - The “Age” Age / Companies / Healthcare Sector
By: John_Mauldin
As I mentioned in last week’s letter, I traveled to San Francisco last Monday with my friend Patrick Cox, who writes our Transformational Technology Alert newsletter. We had dinner with Dr. Mike West of Biotime and then spent the next morning at the Buck Institute for Research on Aging. Pat and I decided we would jointly report on what we learned. He has already written his part, which was published last week. I am going to reproduce portions of that letter, which highlight the conversation with Brian Kennedy and his team at the Buck Institute, and then add my own thoughts about our conversation with Mike West the previous night.
Monday, October 19, 2015
Stocks Open Down / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
Good Morning!
SPX is down -8.00 as I write and appears to be sinking in the Premarket. For those not yet short, a decline beneath Short-term support/resistance at 2004.59 may be appropriate to start layering in positions. Beneath the 50-day Moving Average is a sell confirmed signal, but subject to probable throw-backs.
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Monday, October 19, 2015
LBMA Looks to Modernise Gold Trading / Commodities / Gold and Silver 2015
By: GoldCore
Change is brewing in London as the the LBMA – the association that oversees the world’s largest gold market – is looking at how best to modernise and improve over-the-counter gold trading.
As members of the world’s gold industry meet this week at the LBMA’s annual conference in Vienna, their proposals are being sought on how to bring the gold trading in London up to date.
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Monday, October 19, 2015
U.S. Debt Ceiling Debate: Don't Mention Warfare/Welfare State! / Politics / US Debt
By: Dr_Ron_Paul
The US Treasury's recent announcement that the government will reach the debt ceiling on November 3 means Congress will soon be debating raising the government's borrowing limit again. Any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress' alleged irresponsibility. But the real irresponsible act would be for Congress to raise the debt ceiling.
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Monday, October 19, 2015
Peter Schiff on Death of a Patriot / Politics / Social Issues
By: Peter_Schiff
My father Irwin A. Schiff was born Feb. 23rd 1928, the 8th child and only son of Jewish immigrants, who had crossed the Atlantic twenty years earlier in search of freedom. As a result of their hope and courage, my father was fortunate to have been born into the freest nation in the history of the world. But when he passed away on Oct. 16th, 2015 at the age of 87, a political prisoner of that same nation, legally blind and shackled to a hospital bed in a guarded room in intensive care, the free nation he was born into had itself died years earlier.Read full article... Read full article...
Monday, October 19, 2015
Stock Market Big Drop Still Looms, GDX Pulling Back / Stock-Markets / Stock Markets 2015
By: Brad_Gudgeon
Last time I wrote, I was expecting a large drop in the stock market. Early on, in my blog, I stated that I believed I was wrong and that the BIG drop would not occur until late October/early November. I stated that the 7 week low could occur as early as October 13/14. I also stated that there was a TLC low due in that time frame. Also, there was the fact that Jupiter was making a trine aspect to Pluto by October 15 and that was potentially bullish, at least in the short term. Also, I was concerned that GLD and GDX were not confirming the recent move up.
Monday, October 19, 2015
Gold New Bull Market a False Dawn? / Commodities / Gold and Silver 2015
By: Clive_Maund
Gold's cheerleaders are at it again, jumping up and down with excitement as they proclaim the birth of a new bullmarket, and herding their flocks into the sector, when they have barely recovered from the last fleecing.
There are 3 factors that we are going to look at which suggest that this latest rally is just another false dawn. One is the unbroken downtrends in gold and silver, the next is the unfavorable alignment of their moving averages, and finally their latest COTs, which call for caution - especially silver's which is downright bearish.
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Monday, October 19, 2015
Black Monday 1987 Stock Market Crash Real Secrets for Successful Trading / Stock-Markets / Financial Crash
By: Nadeem_Walayat
It's been many years since a Monday has fallen on 19th October, the most notorious occurrence of which was in 1987, Black Monday, which is why October tends to be the month that stock market bulls fear, whilst encouraging the crash is always coming crowd to become their most vocal. In fact regardless of what the stock market has actually done to date, the perma bears can literally be seen jumping up and down like demented rabbits, proclaiming that the stock market end is once more nigh, pointing to 7 harbingers of the apocalypse that will bring about stock market armageddon. So, yes October tends to be an unusually irrational month for where stock market expectations are concerned, this despite the fact that EVERY stock market crash in the general indices such as the Dow, S&P and FTSE have yielded buying opportunities. In fact the Dow recovered about 60% of the 1987 Black Monday Crash in the subsequent 2 trading days!
Monday, October 19, 2015
Silver Bugs Premature Celebrations? / Commodities / Gold and Silver 2015
By: Clive_Maund
Silverbugs have been getting worked up this month about the possibility of a new bull market in their favorite white metal, due to its sharp rally in the early days of the month, but as we will see in this update, the long-term charts and latest COTs reveal that there is little real cause for celebration - on the contrary, we should beware of an imminent downturn in silver and more than that, position ourselves to capitalize on it.
Sunday, October 18, 2015
Stock Market Approaching The “Extreme” Projection (Negative Divergences) / Stock-Markets / Stock Markets 2015
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend - Bull Market?
Intermediate trend – SPX is in the midst of an intermediate correction (at least).
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses longer market trends.
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Sunday, October 18, 2015
UK Stocks FTSE Poised for Bounce / Stock-Markets / UK Stock Market
By: Richard_Cox
For most of this year, investors have been fixated on the monthly performances seen in the S&P 500. There is good reason for this, as most of the market is still trying to assess whether or not the index can maintain its record levels into the end of 2015. So it is not surprising to see ETFs like the SPDR S&P 500 Trust ETF (NYSE: SPY) getting as much attention as it has. But when we take a step back and look for alternative trends in other areas of the market, some interesting opportunities start to become clear.
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Sunday, October 18, 2015
Quantitative Easing Was a Bust; Let’s Try Higher Wages Instead / Economics / Wages
By: Mike_Whitney
Why is the economy still in the doldrums after 6 years of zero rates and three rounds of Quantitative Easing?
It’s because consumers aren’t consuming and there’s too much debt. You see, despite the Fed’s wacko theories about pumping liquidity into the financial system to make investors feel wealthier, people actually have to buy things to generate growth. And the truth is, consumers have reduced their spending because wages are flat, incomes are falling and many of them are still hanging on by the skin of their teeth. So consumption has been unusually weak. Economist Stephen Roach made a good point in an article at Project Syndicate. He said, “In the 22 quarters since early 2008, real personal-consumption expenditure, which accounts for about 70% of US GDP, has grown at an average annual rate of just 1.1%, easily the weakest period of consumer demand in the post-World War II era.” (It’s also a) “massive slowdown from the pre-crisis pace of 3.6% annual real consumption growth from 1996 to 2007.” (“Occupy QE“, Stephen S. Roach, Project Syndicate)
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