Monday, October 05, 2020
Monitoring the SPX Rally / Stock-Markets / Stock Markets 2020
By: Submissions
I trade for myself and my members. The people who use the service know what to expect, but from new members I do get some questions about how often I trade, what kind of monthly returns do I expect, etc. Normal questions to ask, but they are also the wrong questions as well. Many of you have been conditioned to think this way- just as some of you may think that indicators are necessary for trading. Feeling the necessity to trade is not good for your performance, period. Instead of calling me a professional trader, I could just as easily be called a professional waiter. I go through what may seem like long periods of time of doing nothing, but then may place more trades in 2 weeks than I did the prior month. My customers benefit from this patience- but they have to get over the idea that something has to always be ‘happening’, or that you need X amount per day/week/month, etc. The performance will take care of itself if you do things the right way, which leads to the current form of stasis in the SPX.
Read full article... Read full article...
Monday, October 05, 2020
The Smart Way to Play the Hottest IPO Market in Years / Companies / IPOs
By: John_Mauldin
By Justin Spittler
The biggest software IPO is officially in the books. Two weeks ago, in one of the most hyped events of the year, Snowflake (SNOW) went public.
Snowflake is a data warehousing company. It helps companies better access and make sense of their data. We’ve been “stalking” Snowflake for over a year. And yet, we held off from recommending it to our readers.
There’s nothing wrong with Snowflake’s business. In fact, it’s a phenomenal company. Its customers include some of the world’s most cutting-edge companies, including Adobe (ADBE), Square (SQ), DocuSign (DOCU), and Overstock.com (OSTK).
Not only that, Snowflake is one of the world’s fastest-growing businesses. Its sales have surged an incredible 174% over the past year. That’s faster than Zoom Video (ZM) was growing before it went public.
Read full article... Read full article...
Monday, October 05, 2020
Gold Price Is Doing It Again / Commodities / Gold & Silver 2020
By: Hubert_Moolman
Gold is trading really close to its 2011 all-time high. This is obviously a critical level for the future of gold prices.
Historically gold in US dollars often clears significant all-time highs only some time after significant currencies like the Euro and British pound.
This is mainly due to US dollar behaviour during times of significant risk aversion, like we’ve had this year and 2008, for example.
Read full article... Read full article...
Sunday, October 04, 2020
Gold And Silver Stocks Correction Almost Exhausted, Time To Buy / Commodities / Gold & Silver 2020
By: Bob_Kirtley
Introduction
Today, we will take a look at the damage inflicted on this sector by the recent sell-off and try to ascertain just what lies ahead for the precious metals stocks involved in gold and silver mining.
We will commence with look at the charts for gold and silver prices followed by a comparison of gold’s progress versus that of the Gold Bugs Index (HUI) and conclude with what lies in store for the Precious Metals stocks in the medium term.
Read full article... Read full article...
Sunday, October 04, 2020
Trade Any Liquid Market, Any Timeframe: Know How to Spot New Opportunities / InvestorEducation / Learn to Trade
By: EWI
Learn simple techniques in this on-demand webinar, free ($129 value)
One positive development to come out of the 2020 pandemic is a widespread desire for financial independence. It's led everyone from retirees to Generation Z's to consider stock trading as a "cushion" against job uncertainty.
That's the good news! The bad news is, much of this new investment craze is being fueled by emotions and endorphins (hey -- all new traders have them!) rather than objective criteria. One leading economist coined the term "day-trading pandemic" in June to describe the "legions of participants pouring money into stocks without a care for the risks involved." (June 17 MarketWatch)
An August 11 NPR report confirmed the "addictive," "playing-with-fire" nature of this wave of new investing interest, in which first-time traders use free apps to impulsively jump into popular markets -- sometimes, only to meet ruinous ends.
Read full article... Read full article...
Sunday, October 04, 2020
The online gaming industry is looking strong / Personal_Finance / Gambling
By: Dylan_Moran
...
Saturday, October 03, 2020
Stock Market Massive Dark Cloud Cover Pattern Is Above Critical Support – Will It Hold? / Stock-Markets / Stock Markets 2020
By: Chris_Vermeulen
RESEARCH HIGHLIGHTS:
- A Dark Cloud Cover pattern is a Japanese Candlestick Pattern that is typically associated with major top setups.
- Critical Support on the SPY highlighted by multiple technical analysis strategies suggests 335~335.25 is acting as a major support level.
- If price stays below the $339.95 level, then we interpret the trend as being Bearish. If price moves above the $343.55 level, it is Bullish.
Critical Support on the SPY (SPDR S&P500 ETF) highlighted by multiple technical analysis strategies suggests 335~335.25 is acting as a major support level. The rally in the markets that started late Sunday and carried forward into early trading on Monday, September 28, 2020, suggests the market is attempting to rally above this support level to establish a potential momentum base. My advanced price modeling systems and Fibonacci Price Amplitude Arcs (originating from the 2009 bottom) have clearly identified this area as a critical resistance/support zone.
Read full article... Read full article...
Saturday, October 03, 2020
Fast Budgie Taming, Training to Fly to Your Arm, Live Laugh Cry Happy Tears With Birds / Personal_Finance / Animals & Pets
By: Eliza_Walayat
In this video we show you what is probably the easiest and fastest way of training your budgies to fly to your arm, it's literally child's play as 6 year old Eliza demonstrates.
All you need to get started is a bird treat bell that you can pick up for less than £1 in the UK.
Anyway watch the video to find out how to easily train your budgie to fly to your arm in our latest Live, Laugh and Cry Happy tears with your birds video.
Read full article... Read full article...
Saturday, October 03, 2020
Congressional Budget Office Tax Revenues Set to Surge! In 2 Years, That Is / Economics / US Economy
By: John_Mauldin
All debt shares one common characteristic. A bill comes due at some point and, if the borrower doesn’t pay, the lender either loses their money or finds someone else to pay.
I’ve warned for several years now that our growing global debt load is unpayable. We will eventually “reorganize” it in what I call The Great Reset, likely later in this decade.
Recent developments suggest debt will be even bigger than I expected, to the tune of $50 trillion in the US by 2030. That's double what I expected just one year ago.
Read full article... Read full article...
Saturday, October 03, 2020
Monetary and Economic Financial Reset / Stock-Markets / Financial Markets 2020
By: Raymond_Matison
Difficult to contemplate or understand concepts in monetary theory, economics, or the stock market are often described by comparing or referring to natural events observable in our universe. In this article we use three physical phenomena to describe imminent economic transitions: in the creation and issuance of fiat money, the future implosion of our present debt based money, electronic currency applications circumventing banks, new distributed ledger means of conducting business, and the possibility of true global human emancipation.
Ray Kurzweil in his masterpiece book “The Singularity is Near” published in 2005 answers the question as to what is a Singularity. “It is a future period during which the pace of the technological change will be so rapid, its impact so deep that human life will be irreversibly transformed. Although neither utopian nor dystopian, this epoch will transform the concepts that we rely on to give meaning to our lives, from our business models to the cycle of human life, including death itself.” Mr. Kurzweil was describing a period in the near future when computer computational and learning power exceeds that of the human brain. A singularity can also be seen as a discontinuity in a system where after reaching an inflection point the prior laws or characteristics of that system no longer apply. Today, there are several global converging singularities which will irreversibly transform our society and human life, several of which we will address here.
Read full article... Read full article...
Saturday, October 03, 2020
Debate Debacle: What Biden and Trump SHOULD Have Been Asked / ElectionOracle / US Presidential Election 2020
By: MoneyMetals
Tuesday night’s presidential debate between Donald Trump and Joe Biden won’t go down as a great moment in the annals of American democracy. That much both camps, as well as independent observers of the chaotic spectacle, can agree upon.
The post-debate debate over whose interruptions or insults were most egregious totally overlooked the glaring failure of moderator Chris Wallace to ask any substantive questions about the country's unprecedented financial predicament.
Record budget deficits? Unsustainable debt growth? Open-ended Federal Reserve currency creation?
Read full article... Read full article...
Friday, October 02, 2020
Will Gold Price Go Up? / Commodities / Gold & Silver 2020
By: Arkadiusz_Sieron
Biden asked Trump to shut up during the first presidential debate. But for us, the most important question is whether gold will finally go up.Thankfully, the first U.S Elections debate between Donald Trump and Joe Biden is behind us. Arguably, it was awful to watch and one of the worst presidential debates in history, as both candidates talked over each other and threw insults. Consequently, the debate did nothing to alter the Presidential race dynamic nor educate the public about the candidates. As the chart below shows, currently, Joe Biden has an average polling lead of 7.3 points over Donald Trump. Of course, the polls, especially nationwide, are not considered as very credible. But, according to the polls, if Trump changes nothing, Biden remains in the lead, and it is projected that the Democratic nominee will win.
Read full article... Read full article...
Friday, October 02, 2020
Why “AI” Is a Fraud Tech Stocks / Companies / AI
By: Stephen_McBride
Who will be crowned the world’s first trillionaire? Mark Cuban says there’s one disruptive trend that’ll bring a whole new meaning to the word “rich.”
You likely know Cuban as a star investor on ABC’s Shark Tank. The billionaire also owns the Dallas Mavericks. His big call? “The world's first trillionaires are going to come from somebody who masters AI.”
Artificial Intelligence (AI) is the most hyped up trend on the planet. The core idea of AI is a machine that learns and thinks just like you or me. Most importantly, it learns all by itself, without human intervention.
Read full article... Read full article...
Friday, October 02, 2020
US Dollar Staying Engulfed in Bearish Bias Amid U.S Presidential Debate / Currencies / US Dollar
By: P_Radomski_CFA
The USD Index declined yesterday, while the precious metals market moved higher, possibly due to the relatively “turbulent” pre-election debate in the U.S. But still, did anything actually change regarding the outlook?
Not really.
As we have stated in our previous analyses, while gold and the rest of the precious metals market will probably decline significantly in the following weeks, and that a short-term correction would not be surprising at all. The same holds true for the USD Index, except that the direction of any possible moves could be considered the opposite.
Read full article... Read full article...
Friday, October 02, 2020
As COVID deaths pass 1m mark, developing countries will suffer / Politics / Pandemic
By: Submissions
Global deaths from Covid have passed the 1 million mark. Covid headlines remain one of the main drivers of global markets as the latter are trying to gauge the possible trajectory of the global economy and the likely policy response. Many countries are contemplating further tightening of Covid-related restrictions, which means that their economies may require more support. With their borrowing costs remaining low, developed economies may continue pursuing lax fiscal policies in years to come. Developing countries may find they have less room for fiscal stimulus, partly because the recent increase in risk aversion has driven up their borrowing costs.
Read full article... Read full article...
Friday, October 02, 2020
The Demise of American Democracy / Politics / US Politics
By: Submissions
When the highest representatives of a community are eager to throw mud at each other. When arguments merely serve as a façade to convey anger, mockery or contempt, then history has just turned a corner. One period has come to an end, a new one begins. Since September 29, 2020 we know that in the United States of America democracy is undergoing a process of rapid disintegration – it is being torn apart by diverging forces.
Read full article... Read full article...
Friday, October 02, 2020
Trump Tests Positive for CoronaVirus, Is Biden Infected? Pence vs Harris Presidency? / ElectionOracle / US Presidential Election 2020
By: Nadeem_Walayat
President Trumps incompetent handling of the chinese coronavirus pandemic has resulted in over 210,000 american deaths, that looks set to reach 250,000 by voting day and who now himself has tested positive for Covdi-19.
Given his antics of lack of social distancing and mask wearing and holding huge enclosed space election rallies the only surprising thing is that he made it this far without getting infected.
Can Trump survive Covid-19? After all it came close to killing Britain's equally moronic 50 year old Prime Minister Boris Johnson earlier in the year.
Read full article... Read full article...
Thursday, October 01, 2020
UK Government Loses Control of the Coronavirus Pandemic 2nd Wave Forecast Consequences / Politics / Pandemic
By: Nadeem_Walayat
Britains incompetent government has once more lost control of the Chinese Coronavirus pandemic that is now at the very beginnings of a second wave that looks set to be about half as severe as that of March and Aprils first wave in advance of which British Police have been steadily given new powers to accumulate arrest points towards criminalizing people who for instance don't wear masks or are found in groups of 6 or more whilst those who breach self isolation rules could be hit with fines of upto £10,000. Police forces increasingly putting high risk areas and groups of people under surveillance, which translates into ethnic and deprived areas receiving special attention, officers roaming the streets, shops and super markets looking for law breakers with even plans to deploy the army in support of the police towards enforcement of local lockdown's.
Read full article... Read full article...
Thursday, October 01, 2020
The Prospects of the Rocky S&P 500 Stock Market Recovery / Stock-Markets / Stock Markets 2020
By: Paul_Rejczak
Quite an eventful period since the last Stock Trading Alert on Sep 11 – stocks rose both on Sep 14 and 15, validating the short-term bullish outlook presented in the said Alert. Next, the S&P 500 made two downswings before rebounding from the 3200 level proximity on Sep 24. Friday's session brought us a daily upswing, and so did Monday. Where does yesterday's stumble fit in?
Volatility has been moving generally lower after making a lower high days ago. Technology plunged but didn't make a new low on Thursday. Otherwise, there have been few sectoral bright spots, with financials and energy still looking precarious. On the bright side, consumer discretionaries, utilities and consumer staples (the latter two are defensives) have held up reasonably well – better than healthcare.
But what moved the markets when it comes to headlines? Political uncertainties remain, the first presidential debate is over, and there is still no stimulus bill, while corona is getting worse overseas. New lockdowns are hanging in the air, with the U.K. and Israel leading the way. Then, the Fed hasn't done all that much lately, leaving the credit markets relatively unfazed. Continuing claims are trending lower only painfully slowly, and U.S. tensions with China haven't seen a turnaround.
Read full article... Read full article...
Thursday, October 01, 2020
Global Stock Markets: Keep Your Eye on This Remarkable "Divergence" / Stock-Markets / Stock Markets 2020
By: EWI
Incredibly, the Stoxx 600 is lower today than it was in March 2000
As you probably know, a "divergence" occurs when one financial market behaves differently from a related financial market.
Such occurrences often portend trend changes, albeit, divergences may stretch out for months before a trend change occurs.
Remarkably, one global divergence has been unfolding for more than 20 years!
Read full article... Read full article...