- the source for market opinions


January 16, 2019 | US Indexes Reaches Fibonacci Target Zone – Where to Next?

Near December 21, 2018, our research team began a series of posts indicating the US Major Indexes should be set up for the “Ultimate Bottom” low that we suggested would take place after the US Elections (November 2018) and which would launch an upside price rally.  Today, we are writing to announce that the first […]

January 16, 2019 | BREXIT Deal of PM Down in Defeat

Prime Minister Theresa May now faces a no-confidence vote after her BREXIT plan was defeated to be submitted by opposition Labour Party leader Jeremy Corbyn. Nonetheless, our sources there say that she will probably survive as the Conservatives who rejected her plan are not likely to vote for a no-confidence motion realizing that a Corbyn victory […]

January 16, 2019 | Gold to Glow. How High Will It Go?

KINGSTON, NY, 16 JANUARY 2019—Last October, with gold at $1,185 an ounce, we sent subscribers a Trend Alert: “Gold down but not out.” We noted that while gold sunk some $15 below our bottom range of $1,200 per ounce, it had bottomed out and would move higher. It did, and it has. We underscored the simple […]

January 16, 2019 | Beware! These Guys Are Good

Although Rick’s Picks was itching to short into strength as Wednesday began, we stepped aside when buyers came on stronger than expected. Their bravado didn’t last long, however, and by day’s end bulls looked spent. Even so, the intraday highs easily exceeded some short-term rally targets (see chart inset), implying that a moderate pullback from these levels […]

January 16, 2019 | The Irresistible

Will the federal budget blow up HELOCs? What a surprise that would be to three million little debt-snorfling voters. Big fanfare this week for a new report by a federal agency that frets over people’s finances. Needless to say, they have a lot to worry about. Most of us are basket cases when it comes to […]

January 16, 2019 | Canadian Real Estate in Well-Earned Downturn

Apparently, the new rules requiring that people have a reasonable chance of repaying a mortgage before advancing the loan are now depressing home sales and prices in Canada.  Who would have thought… See Sharp drop in home sales portends stagnant year ahead: Year-end statistics published Tuesday by the Canadian Real Estate Association (CREA) show 458,442 homes […]

January 15, 2019 | Wall Street & Washington Are Running America into the Ground

I like to think of myself as an optimistic guy. Not today. Today, I have to come to grips with an ugly truth. And yes, there’s an investment angle in this. As a nation, we depend on our leaders to guide the country along, hopefully to a better tomorrow. Too bad for our children, then, […]

January 15, 2019 | Are Global Stock Markets About To Rally 10 Percent?

Technical Traders Ltd. is issuing new analysis which indicates the US and global markets may be poised for a dramatic upside price swing over the next couple months.  Recent events have driven asset class values to new valuations that may change the dynamics of markets for a few months.  Prior to August/September 2018, many traders […]

January 15, 2019 | How Long Can Netflix Keep Outbidding Disney?

The broad averages wafted higher Tuesday after being stuck in a holding pattern for more than a week. Although the ascent was gentle for most stocks, the hard-hit FAANGs caught fire, with NFLX leading the pack on a nearly 7% gain. The company announced an 18% rate increase in its most popular plan, which will […]

January 15, 2019 | Mr. Market Will Have the Last Laugh

BALTIMORE, MARYLAND – Stocks went nowhere yesterday. Congress and the White House didn’t get anywhere, either, in their attempts to resolve the shutdown impasse. With 10 inches of snow on the ground, nowhere seemed like the right place to go. And nowhere is where most people end up anyway. But our aim is to go […]

January 15, 2019 | Current Downturn Ours Courtesy of Extreme Monetary Intervention

  While many commentators are calling on central banks to stop tightening and start increasing monetary slack once more as the global slowdown deepens, the fact is that current financial strife has been purchased by years of central bank slack that drove overcapacity and mal-investment through the global economy.  Economist Daniel Lacelle explains truth well […]

January 15, 2019 | As predicted

On the final day of 2017, this foolhardy blog made some predictions. In the noblest tradition of accountability, we’ll ignore the ones that were turkeys (‘a balanced portfolio will do just fine’) and pretend that everything printed here, lo, came to pass. Anyway below are the top four things forecast for the year just passed. […]

January 15, 2019 | New Governor of California Want to Tax Wate

The total mismanagement and incompetence of government is just beyond description. The new California Governor Gavin Newsom presented his first state budget during a news conference, last week on January 10th, 2019. While he won bashing Trump over the illegal aliens because he care so much for families, he could care less about how much […]

January 14, 2019 | 7 Toxic Investments that Could Poison Your Portfolio in 2019

Over the weekend, my team and I published our first major work of current investment analysis, which is available for free to the general public. Considering the market carnage of late 2018, this seems prudent and timely. Our idea was that failed investment ideas are fairly obvious to all, but ideas that worked in the past—especially […]

January 14, 2019 | Why a Deal with China Could Land with a Thud

Five straight days of tedium have sapped my enthusiasm for telling you that something worthy of a headline is about to happen on Wall Street. However, the latest update for AMZN (see below) implies that if DaBoyz cannot levitate the stock within the next day or two, they’ll have to take it down by a […]

January 14, 2019 | Are Global Stock Markets About To Rally 10 Percent?

Technical Traders Ltd. is issuing new analysis which indicates the US and global markets may be poised for a dramatic upside price swing over the next couple.  Recent events have driven asset class values to new valuations that may change the dynamics of markets for a few months.  Prior to August/September 2018, many traders were […]

January 14, 2019 | China’s Consumers Rattle Global Automakers as Sales Plunge

Welcome to the Big Club of Saturation & Decline. For the month of December, light new-vehicle sales in China plunged 13%, compared to a year ago, to 2.23 million vehicles, the China Association of Automobile Manufacturers (CAAM) announced on Monday. Sales through June had risen 6%, but then came July, and now there have been […]

January 14, 2019 | Why Central Banks Cannot Really Manage Anything

QUESTION: Marty you recently said that “the entire problem of lowering interest rates to ‘stimulate’ the economy demonstrates that central banks cannot really manage anything.” Is this statement really true? BG ANSWER: Absolutely. There is a basic presumption in all human activity that somehow we possess the power to do anything be it end Global […]

January 14, 2019 | Global Growth Heading Down on Record Debt and Less Cash Flow

Further to my article last week Highly coupled global growth engines slowing all together, weaker economic data out of China and Europe this morning are roiling world markets. Chinese trade slumped in December, sending regional stocks and the Australian dollar lower, as an unexpected fall in both exports and imports underlined the impact of the trade war and […]

January 14, 2019 | US Auto Overcapacity at 10 Plants 20,000 Direct Jobs: Not Just a “Car” Recession

The collapse of the sedan market has left Detroit automakers with too many plants. An auto recession has begun. Please consider The Next American Car Recession Has Already Started Detroit is in the grips of a car recession marked by the collapse of demand for traditional sedans, which accounted for half the market just six years […]

January 14, 2019 | The Question

The economy is China is sputtering. The American government is paralyzed. The US president denies he’s a Russian agent. And Brexit’s about to blow up. And how do stocks markets react? Yawn, basically. Small moves in the last couple of days following big advances provide more evidence a bottom was formed about the time you […]

January 13, 2019 | Millennials Dislike Today’s Capitalism! It’s Understandable to Me!

A vocal spokesperson for the Millennials (those under 35) is this new politician (Alexandria Ocasio-Cortez of New York) who is likely to become rather popular with the masses of millennials in 2019. A member of the Democratic Party, she has been the U.S. Representative for New York’s 14th congressional district since January 3, 2019.   Ocasio-Cortez is a member of the Democratic […]

January 13, 2019 | 3 Stories on Earnings, Oil & the Government Shutdown

Happy weekend. The markets may be closed, but wise investors are getting a jump on things. Here are three must-see stories (and one chart) that will put you ahead of the pack. Earnings Get Cloudy This earnings season could be … interesting. S&P 500 companies on average are estimated to turn in 14.5% growth in fourth-quarter profit. […]

January 13, 2019 | That Heaviness Is Distribution

It felt like a mountain of supply sitting on stocks last week, growing more ponderous by the day. By Thursday the broad averages were too fatigued to achieve even minor ‘Hidden Pivot’ rally targets, the still-feisty FAANGs too subdued to help. Of course, just because the market looked punk on a given day does not […]

January 13, 2019 | Democrat Presidential Hopeful Wants to Give Everyone $1,000 a Month Free Money

Democrat Andrew Yang says that if elected he will give everyone btw 18 and 64 $1,000 a month in universal basic income. Freedom Dividend Please consider the fiscal lunacy of the day: Presidential hopeful Andrew Yang is giving this New Hampshire mom $1,000 a month to show cash handouts work. Presidential hopeful Andrew Yang, 43, is […]

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