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Finance 0
Swing Trade Idea – Barrick Gold Corp
Retail investors must have a plan. Their only chance is to follow the footprints of the large market players. Find their price moves (waves) and jump in for the next move. The point and figure chart is great for Price Wave Analysis. These charts show the price waves that matter. The waves on the chart are the market massive footprints the retail investor must follow. The first chart is the ETF FXY (the FXY has been inverted) or the USDJPY. It shows the transfer from down waves to up waves and the waves that matter (3,2,1 in blue and red). If you are bullish you wish for the blue waves to behind you. Ride the wave until the wave support ... -
Finance 0
Poised For Punishment
Ever since June 9th (the “tech wreck”), all eyes have been on the Internet giants to see if it’s just another small bump on the road to $10,000 per share, or if it’s a change in overall direction. I’ve got to say, looking at Google (oh sorry,“Alphabet”, I forgot they’ve changed their name to something that no one actually uses) it seems to me the excitement over $1000/share is going to get farther and farther away in the rear view mirror. Amazon looks vulnerable too, but it doesn’t have nearly as clean a topping pattern. The bears haven’t had a good, hearty selloff in EIGHTEEN MONTHS, so I hope that Q3 will change that... -
Finance 0
Dominoes Begin To Fall: BHP Chairman Says $20 Billion Shale Investment “Mistake”
As the U.S. and Global Oil and Gas Industry continues to cannibalize itself to stay alive, the shale dominoes begin to fall as a BHP Chairman announces its shale investment was a MISTAKE. Yes, it’s true, BHP Chairman Jacques Nassar said his company’s $20 billion shale investment six years ago, in hindsight, was a mistake. According to the article, A $20 billion mistake: BHP Billiton chairman laments huge deal in US shale: BHP entered the shale business at the height of the fracking boom in 2011 and invested billions more developing the operations. The fall in oil prices since then has led to pre-tax writedowns of about $13 billion on th... -
Finance 0
What Bulls Giveth, Bears Taketh Away
I was ‘out-of-office’ Thursday when bears came in and ripped up Wednesday’s recovery gains. Friday saw some indices give up a little more but the damage was done the day before. The Nasdaq effectively confirmed the channel breakdown and kept the June ‘bull trap’ in play. The 50-day MA was undercut but there is room to recover on Monday. Technicals finished last week net bearish. Friday’s action sets up a move to the slower rising trendline. The S&P fell back inside the prior trading range and is hanging on to the latter support. A small consolidation was an uptick in On-Balance-Volume – altho... -
Finance 0
A Confusing End To Q2
The second quarter finished with a tricky question for markets. Did last week’s price action signal a significant change in tune or was it just insignificant noise in an unchanged trend of lower global long-term interest rates? One the one hand, it’s tempting for me to run a victory lap. Here I was musing about a steeper U.S. yield curve and outperformance in financials and energy. On that background the most recent price action has been a slam-dunk. On the other hand, I also said that I thought yields would fall over the summer, and that the reflation trade wouldn’t re-rear its head until Q3. So perhaps I shouldn’t raise my ar... -
Finance 0
Will A New Quarter, Central Bank Detail, NFPs And G20 Charge Volatility?
We have closed out the first half of the year with a jolt of volatility as traders eased their risk exposure. After clearly the US liquidity lull to start this new week, will major event risk with direct thematic ties channel a reversal in speculative bearing and trading volatility throughout the financial system? US Dollar Forecast: Dollar Downtrend in the Spotlight Ahead of FOMC Minutes, NFP Dollar weakness continued to flare into the end of Q2, but will a slate of highly-pertinent U.S. drivers finally be able to bring some element of respite to the bearish trend? British Pound Forecast: Resistance at 1.30 to Come Under Further Pressure F... -
Finance 0
International ETFs Top First-Half Asset Flows
The global stock market has hit multiple highs on several occasions this year, but the real encouragement has come from international investing. This is because a pickup in economic activity in many parts of the world, jump in commodity prices, robust corporate earnings and improving global sentiments are instilling confidence in international markets. Additionally, the Trump upheaval and spate of weak U.S. economic data lately pushed investors to foreign stocks from the U.S. In fact, the International Monetary Fund recently cut the growth forecast for the U.S. to 2.1% from the previous estimate of 2.3% for this year, citing uncertainty surro... -
Finance 0
The Next Financial Crisis Is Not Far Away
Recently, a Spanish group called “Ecologist in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it would be and how it would take place. The answer I had for the group is that we should expect financial collapse quite soon–perhaps as soon as the next few months. Our problem is energy related, but not in the way that most Peak Oil groups describe the problem. It is much more related to the election of President Trump and to the Brexit vote. I have talked about this subject in various forms before, but not since 2016 energy production and consumption data became avail... -
Finance 0
2 Charts Show How Worried Markets Are About Qatar Crisis
Right, so Qatar has decided “go f*&% yourselves” will be the official response to Saudi Arabia with regard to the kingdom’s list of conditions for restoring diplomatic ties and lifting the economic blockade that’s caused episodic turmoil in Doha’s financial markets. You can read the latest on the demands and the expiring deadline for meeting them here, but suffice to say Qatar isn’t backing down (as of this writing anyway) and is, to quote Foreign Minister Mohammed Al Thani “ready to face the consequences.” Well, the “consequences” so far have included Doha relying more heavily on Tehran (a strange alliance from a s... -
Finance 0
Autonomous Future: Disruptive Forklifts, AGVs, And Battery Swapping Devices For Cars
In my previous post, we discussed Fully Autonomous Electric Feeder Ships. Fully autonomous forklifts are even less sexy, but they have a potential to be far more disruptive. Veronica Pascual, the founder of Asti, builds AGVs, or automated guided vehicles such as fork-lifts, stackers and pallet trucks. Bank of America Merrill Lynch expects robots to be performing 45 percent of all manufacturing tasks by 2025, compared to 10 percent in 2015. Bloomberg reports Forget Cars, for One Spaniard the Autonomous Future Is Forklifts. Founded by Pascual’s parents in 1982, the company [Asti] is housed in a 5,500 square meter building at the end of a sh...
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