Monthly Archives: August 2017

Reversal Structures On The SPX Chart

Many clients are asking about our video the other night called “Short Term Bull, Longer Term Trapdoor” asking how did we know? In tonight’s video we show you the exact market analysis that led to the call. And watch tonight’s video market update to find out what’s next so you’re ahead of the curve… Video…

Commodity Leaders And Laggards

The following Year-to-Date and 2-Week graphs show which commodities (and commodity ETFs) have gained and lost the most (in terms of percentage) during those two time periods. The second graph illustrates the massive 18.92% gains made in Gasoline during these past two weeks…no doubt, in anticipation of, and with respect to, current events surrounding the refinery shut-downs in Texas this week, due to the effects of…

Punjab National Bank, Pharma Stocks & GDP Data Among Few Fact

On Thursday, share markets in India ended marginally higher. The BSE Sensex closed higher by 84 points and the NSE Nifty finished up 34 points. The Nifty50 settled the August series of derivatives contract above 9,900 thanks to gains in information technology stocks, realty stocks and automobile stocks. Adani Ports, Wipro and Tata Power gained the most on both indices, while Bosch, Bharti Infratel, Infosys and M&Mwere the top losers. India’s Q1 GDP Data…

Why We’re Doomed: Stagnant Wages

Despite all the happy talk about “recovery” and higher growth, wages have gone nowhere since 2000–and for the bottom 20% of workers, they’ve gone nowhere since the 1970s. Gross domestic product (GDP) has risen smartly since 2000, but the share of GDP going to wages and salaries has plummeted: this is simply an extension of a…

When Big Money Buys Off Criticism Of Big Money

Since its founding in 1999, the New America Foundation – an important voice in policy debates on the American left – has received more than $21 million from Google, from its parent company’s executive chairman, Eric Schmidt, and from his family’s foundation. According to the New York Times, one of New America’s initiatives called Open Markets…

Do Millennials Not Have Jobs?

Are Millennials Hurting? One of the biggest worries some people for the stock market is that baby boomers retiring will take money out of the stock market causing valuations to fall from their current lofty heights. Obviously, the next generation will put money into stocks eventually, but in the next few years there will be…

Unemployment Lines

Friday morning’s jobs report is a fairly important news event – – – one on the calendar, at least, as opposed to these (ultimately meaningless) missile attack threats from the lunatics in North Korea. I’ll be watching the ES most carefully. It has been in a range for a while, and after it broke out,…

Did China’s Bronze Swan Just Arrive? Copper Inventories Cra

Buyers withdrew more copper from the London Metal Exchange’s global warehouse network on Wednesday than at any time since daily records began in 1996, extending a 19-day drop. As Bloomberg notes, while the net decline in percentage terms was also the biggest since the height of China’s raw-materials boom in 2006, some have warned against reading such moves as an end…