Thursday, June 14, 2018
Stock Market Topping Pattern or Just Pause Before Going Higher? / Stock-Markets / Stock Markets 2018
By: Paul_Rejczak
It was all about the FOMC Rate Decision release on Wednesday, and stocks' initial reaction to that news was slightly negative. The broad stock market extended its short-term consolidation along the resistance level. Will the uptrend continue or is this some topping pattern ahead of downward reversal? There are still two possible medium-term scenarios.
The U.S. stock market indexes lost between -0.1% and -0.5% on Wednesday, as investors reacted to the Fed's interest rate hike announcement. The S&P 500 index is still close to its mid-March local high of around 2,800. It currently trades 3.4% below January's 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.5%, and the technology Nasdaq Composite lost 0.1% yesterday.
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Thursday, June 14, 2018
Is the ECB Ending QE a Good Thing? Markets Think So / Stock-Markets / Financial Markets 2018
By: Anthony_Cherniawski
SPX finally made its Master Cycle high at 11:30 am at 2791.47, just 10 points shy of its March 13 high. Nevertheless, this counts best as the “top” of Wave [2]. SPX futures put in an overnight high of 2789.00 but have eased down. The decline from the top so far is miniscule, so any (short) positions taken here would be considered to be aggressive.
Should the Orthodox Broadening Top be accurate, the next target would be “point 6” near 2570.00. The Ending Diagonal agrees, since a break of the lower trendline near 2740.00 may send the SPX to its target at 2553.80. This would give the SPX a clear break of its 200-day Moving Average at 2652.40.
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Thursday, June 14, 2018
Yield Curve Continues to Flatten. A Bullish Sign for the Stock Market / Stock-Markets / Stock Markets 2018
By: Troy_Bombardia
The Treasury yield curve continues to flatten. The 10 year yield – 2 year yield is now at 0.39%. Or as the bears would have you believe, “the Fed is about to end the economy and stock market”.
Facts and data disagree.
This is the first time in the current economic expansion cycle in which the yield curve flattened to 40 basis points (0.4%). As you can see, the yield curve still needs to flatten a lot more before a recession and bear market begins.
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Thursday, June 14, 2018
Trump-Kim Deal and the Long Path to Peace in the Korean Peninsula / Politics / GeoPolitics
By: Dan_Steinbock
The new Trump-Kim joint agreement could prove a promising ‘memorandum of understanding.’ However, it is not just about denuclearization; it should also be about peace and U.S. withdrawal from the Korean peninsula.Here are the facts: Following hours of closed-door talks in the Hotel Capella Singapore, President Trump and North Korean leader Kim Jong Un signed a joint four-point agreement: to establish new US-North Korean relations, a stable peace regime, a North Korean commitment to achieve the “complete denuclearization” of the Korean peninsula, and the repatriation of the remains of American prisoners of war.
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Thursday, June 14, 2018
How Online Gambling has Impacted the Economy / Economics / Gambling
By: Steve_Marks
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Thursday, June 14, 2018
Crude Oil Price Targeting $58 ppb Before Finding Support / Commodities / Crude Oil
By: Chris_Vermeulen
With the G7 meeting concluding and the world about to start reacting to what was said and what was heard, it is time to take a look at the Crude charts with our Advanced Fibonacci price modeling system.
Our research team, at www.TheTechnicalTraders.com, believes Crude will continue to drift lower over the next few weeks testing the $60 ppb level before breaching this support level and ultimately targeting $58 or lower. Lacking a real resolution to the trade and other global issues, we believe continue global economic pressures will drive oil prices dramatically lower over time – at least through the Summer months.
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Thursday, June 14, 2018
Stock Market Near Another Top? / Stock-Markets / Stock Markets 2018
By: Brad_Gudgeon
According to the Gann astro/cycles and my wave counts, we are near another important top. Ideally, this top should occur on June 14/15. The next possible cycle low is due sometime between June 28/29 and July 3/5 depending on the count and final top. My preferred count has the S&P 500 moving down into July 3/5 to a slightly higher high than the 2553 mark tagged on April 2. The alternate has a much lower drop going down into the 2460’s by June 28/29. The ideal top this week is a minimum 2805 SPX.When the market fell in February, it readjusted the normally dominant 20 week cycle, which is now due toward the end of June or early July. The Gann 64/128 TD lows remain the same, due in early July. At any rate, we should see a nice summer rally out of the expected drop. Major cycles are due to top on August 19th one month and fall into mid November and even January-February 2019.
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Thursday, June 14, 2018
Thorpe Park REAL Walking Dead Living Nightmare Zombie Car Park Ride Experience! / ConsumerWatch / Theme Parks
By: N_Walayat
Summer is here and families will be busy planning multiple visits to Britains theme parks, where the number 1 UK operator is the Merlin group with it's 32 theme parks and attractions including 10 or so in and around London, which includes Thorpe Park situated in Chertsey. The theme parks latest attractions feature the Walking Dead Ride and the Walking Dead Live Experience. Unfortunately the zombie nightmare continues even AFTER the park rides have closed as the park becomes a dangerous nightmare to escape! So motorists need to be fully aware of the nightmare that is this theme parks car park truly is! As was our recent experience when we visited Thorpe Park for the first and LAST time!
Wednesday, June 13, 2018
The $USD Thinks the Fed Will Choose Inflation / Economics / Inflation
By: Graham_Summers
The Fed meets today, and whatever happens will be a BIG “tell” for the rest of the year.
On the one hand, inflation is clearly seeping fully into the financial system. Even the ridiculously massaged CPI measure of inflation shows it is close to 3%.
This would suggest the Fed would move aggressively to hike rates to curb inflation.
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Wednesday, June 13, 2018
More on that Gold and Silver Ratio 'Deviant Conundrum' / Commodities / Gold and Silver 2018
By: The_Gold_Report
Michael Ballanger Precious metals expert Michael Ballanger discusses the gold-silver ratio and the state of the precious metals market. Based on the feedback I received over the weekend, I thought a quick follow-up would be in order on the topic of "deviant conundrum" because it was told to me by a wonderfully gifted retired English teacher that I was on the edges of plagiarizing my hero, Sir Winston Churchill, who once described Russia as "a puzzle wrapped in a mystery inside an enigma." Given that I have been a fanatical fan of that wonderful Englishman since my boyhood, it stands to reason that I might have borrowed a few of his words because I have read virtually everything that man has written AND spoken since the 1960s. Being of English grand-parentage on both sides, it is at once both understandable and reprehensible that I worship Sir Winston; he would have been at the very center of the bull's eye of the "Me Too" movement because of his views and attitudes not toward women, but toward those with inferior intellect and substandard courage. He would say today that those without either intellect or heart would not deserve anything vaguely resembling a "safe space." Had there been a "safe space" movement in 1939, we would all be speaking German today because the rogues like Churchill would never been allowed to run the country.
Wednesday, June 13, 2018
Silver Shares? Nobody Cares / Commodities / Gold and Silver Stocks 2018
By: P_Radomski_CFA
Almost nothing happened on the precious metals market yesterday, or at least that may seem to be the case as the first sight. And that’s true if one doesn’t count the spike in GLD’s volume, but there was something else that actually should have caught one’s attention and it probably wasn’t the case for many gold traders. Silver stocks just broke to new monthly low. What does this tell us?
It’s a subtle clue that the next big move in the precious metals sector is going to be downside. Think about it – silver stocks had an excellent reason to rally – silver moved visibly higher in the past several days. Yet, instead of showing similar strength, the silver miners moved back and forth moving to new lows. That’s a clear sign of weakness. Let’s take a closer look at both markets.
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Wednesday, June 13, 2018
UK Savings Interest Rates Surprise as 1 Year Bonds Reach Two-year High / Personal_Finance / Savings Accounts
By: MoneyFacts
The latest data from Moneyfacts.co.uk can reveal that the savings market has improved significantly over the past year, so much so that both average rates and table-topping Best Buy deals beat the rates seen around two years ago.
Savers should start to notice better rates in the market overall, as rate rises have outweighed cuts for 17 consecutive months, with Moneyfacts.co.uk recording 115 rate rises and 44 rate cuts in May. This is in stark contrast to two years ago, as savings cuts (156) outweighed rises (18) during May 2016.
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Wednesday, June 13, 2018
What Happens to Stocks, Forex, Commodities, and Bonds When the Fed Hikes Rates / Stock-Markets / Financial Markets 2018
By: Troy_Bombardia
The Fed is expected to hike interest rates today. As I’ve demonstrated in a previous study, the U.S. stock market has a tendency to fall a little after rate hikes in the current rate hike cycle.
Wednesday, June 13, 2018
Gold Extreme Bearish Sentiment – A Huge Opportunity! / Commodities / Gold and Silver 2018
By: Enda_Glynn
One simple chart for tonights intro,
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Wednesday, June 13, 2018
Gold and Silver Price Setting Up for A Sleeper Breakout / Commodities / Gold and Silver 2018
By: Chris_Vermeulen
As the world continues to see economic improvements, specifically within the US and major global markets, Gold and Silver are relegated to an after-thought by investors. Why consider Gold or Silver when the NASDAQ or S&P leaders are rallying 2%+ per week?
Well, the recent G7 meeting and President Trump’s meeting with Kim Jung Un in Singapore may spark a little interest in these shiny metals as they setup a “rope-a-dope breakout” for those not paying attention.
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Tuesday, June 12, 2018
Tesla Stock Analysis / Companies / Company Chart Analysis
By: Rambus_Chartology
About three or four weeks ago TSLA was getting a lot of negative feedback from the fundamentals perspective so I showed some charts from the Chartology perspective to see how things would play. Would the fundamentals win out or would the Chartology win.
This first chart is a short term daily look which shows the rectangle that was building out with price action trading at the bottom rail when I posted this chart. I gave two price objectives based on the height of the rectangle. If the rectangle broke to the downside the minimum price objective we could expect would be 246 and if the rectangle was going to be consolidation pattern to the upside the minimum price objective we could expect was at 345 which was hit today.
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Tuesday, June 12, 2018
The Dangers of Investing Based on Phony Government Statistics / Economics / Economic Statistics
By: MoneyMetals
President Donald Trump recently took to Twitter to boast, “The U.S. has an increased economic value of more than 7 Trillion Dollars since the Election. May be the best economy in the history of our country. Record Jobs numbers. Nice!”
“We ran out of words to describe how good the jobs numbers are,” reported Neil Irwin of the New York Times, amplified in a Trump retweet.
If you believe the headline numbers, joblessness is at a generational low with the economy booming.
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Tuesday, June 12, 2018
Time is Precious When Choosing a Car Insurance Policy / Personal_Finance / Insurance
By: MoneyFacts
• More than half of consumers used a comparison site to pick their car insurance plan
• Over a third (38%) spent less than an hour hunting for a new deal
• 10% of respondents automatically renewed their policy without any extra research
• Only a quarter of consumers added breakdown cover to their car insurance policy
• Windscreen cover proves most popular as 76% of consumers included it in their plan
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Tuesday, June 12, 2018
What Happens Next to Stocks when Russell Goes up 6 Weeks in a Row / Stock-Markets / Stock Markets 2018
By: Troy_Bombardia
Small cap stocks (Russell 2000 Index) continues to lead the stock market higher.
As I demonstrated in a study last week, the Russell leading the S&P 500 is a medium term bullish sign for the stock market.
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Tuesday, June 12, 2018
Gold vs. Stocks: Ratios Do Not Imply Correlation / Commodities / Gold and Silver 2018
By: Kelsey_Williams
There is considerable extensive research and lots of articles written about gold vs. stocks. Sometimes, that is done in order to support or justify the argument that stocks are a better, long-term investment than gold. And the results seem to indicate that.
Except that gold is not an investment.
Gold is real money and a ‘store of value’. Its fundamentals have nothing to do with the fundamentals for stocks or any other investments. When gold is analyzed as an investment, it gets compared to other investments. And then the analysts start looking for correlations.
Some say that an ‘investment’ in gold is correlated inversely to stocks. But there have been periods of time when both stocks and gold went up or down simultaneously.
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