Category Archive: Finance
SP 500 And NDX Futures Daily Charts – Option Expiration
The downside from this current US election season, besides being faced with some more repugnant choices than usual, is that the blatant hypocrisy and corruption of our ruling elite is exposed for all to see. I wonder if this will be an historic moment when both of the leading candidates are facing prosecution. Trump for […]
6 Stocks Leading The Dow Back To Green In 2016
The Dow turned positive in the year-to-date frame to erase losses incurred since the start of 2016 after five consecutive sessions of gains. After hitting a two-year low on Feb 11, the blue-chip index gained 9.4%, mostly led by a strong rally in oil prices and a gradual reduction in recession fears following encouraging economic […]
Well That Didn’t Work
The Bank of Japan and European Central Bank eased recently, which is to say they stepped up their bond buying and/or pushed interest rates further into negative territory. These kinds of things are proxies for currency devaluation in the sense that money printing and lower interest rates generally cause the offending country’s currency to be […]
The Economic Recovery: A Myth Built Upon A Myth
No matter how much data you point to showing the health of the US economy isn’t as good as advertised, you will inevitably hear the refrain, “But look at the jobs numbers!” Just the other day, Peter Schiff appeared on Fox Business and said the US economy is likely already in recession. Peter repeated his prediction that the Fed […]
Chicago Public School System Threatens Massive Tax Hikes Via “Backdoor” Bond Guarantee
The Chicago Public School (CPS) system is bankrupt in every way but the final declaration. That declaration is a foregone conclusion, and bondholders will take it on the chin. CPS Treasurer Jennie Huang Bennett disagrees with my assessment. So does Matt Fabian, a partner at Concord, Mass.-based Municipal Market Analytics. For her part, Bennett explained […]
Identifying The Long Term Trend
As most of you know, I believe the market is currently in a long term down trend. However, I’m starting to see things that put the bear market in doubt… which should be a really good sign that we’re still in a down trend — because bear market rallies create enough doubt to suck people […]
Five Questions Wall Street Hopes You’ll Never Ask
The Dow and the S&P 500 are up more than 4% in the past month and millions of investors are finally gathering up the confidence to tippy-toe back into the markets. But, problem is, they have no idea where to start. Thankfully, you don’t have that problem – you’re here and that gives you a […]
Gold – Dual Resistance Could Be Heavy, Says Joe Friday
The above chart looks at Gold over the past 18-years. We applied Fibonacci retracement levels to the lows in 1999 and the highs in 2011. Gold peaked in 2011 and declined to its 50% retracement level at (1) above. This means it gave back half of the gains it achieved in the rally from 1999 […]
Gold Stocks’ Tiny Baby Bull
Gold stocks have radically outperformed every other sector in the stock markets this year, blasting higher as investors flock back to gold. This powerful surge is spawning worries that gold stocks’ new bull run is in danger of exhausting itself. But such fears are totally unfounded. A longer-term perspective reveals that gold stocks’ baby bull […]
