Except for two teases to the upside, we have been bearish on GOLD almost since the highs more than 3 years ago. We are still not bullish. But we have now taken a neutral stance as we think there is a chance a firm low has been put in. A break of recent lows would…
More of the same. Commodity areas crushed. In fact, energy continues its crash. Yes…that is a slow moving crash. BUT…after the CENTRAL BANK-INDUCED climax low, we are finally starting to see some decent amounts of distribution. As we have stated, markets were stretched, extended and overbought combined with a massive dose of bullishness. This usually…
For 5 years, we have been telling you the economy was just ok. We have been telling you we will go back and forth from decent quarter to a blah quarter. Well, after $13 trillion of printed money, zero percent interest rates and $7 trillion of new debt…combined with the latest moves by Japan, Europe and China…maybe…
Did you see the Dax yesterday…down 120 because the ECB made no noise about massive printing of money. After all, they have been teasing. But soon after, it is announced that in January, the ECB will create massive amounts. This is on top of Japan, China and all the 0% interest rates around the globe….
Like a broken record, major indices remain stretched, extended and overbought while bullishness has become rampant. In fact, our sentiment numbers are almost surpassing the numbers we have seen when the market was topping into October. But everyone continues to ease…everyone is printing money…central bankers do not shut up about the potential for more QE…
We are watching the big financials here. BAC,C,GS,JPM,MS,WFC are all acting constructively. If they can break out of the range-bound action they have been in, be rest assured there will be more upside in the market. As we have told you forever, if big finacials and the semis are acting well, there is no chance…
We had a report about yesterday’s icky action all set for you. We could have talked about any number of things…the Russell again leading on any down move, the Regional Banks rolling over and a few other tidbits but only one thing stood out for us. It is the same thing that stopped the markets…
Besides central banks, the falling price of oil is one of the dominant market moving forces as we move into end of year trading. Here is what is and looks to be the winners and the losers. Winners: The consumer. Every 10 cent drop equals about $10 billion in the consumer’s pocket…and that’s just here…
Near term, markets remain stretched and extended to the upside…except as usual, the Russell 2000 and small caps. Bullishness remains rampant with some numbers off the charts. We are now past the Thanksgiving seasonal bias so with the negative divergence late in the week, don’t be surprised if markets do indeed settle down a bit…
Source: http://www.economist.com/news/books-and-arts/21633785-academic-investigation-networks-control-russia-band-brothers?fsrc=scn/tw/te/pe/ed/bandofbrothers
