Web Statistics July 2016

Sunday 31 July 2016

Why The Brexit Crisis Will Get Worse

Why The Brexit Crisis Will Get Worse – 3 Things To Look Out For

On June 23, 2016, the people of Britain voted to leave the European Union. The impact of this historic referendum was immediately felt all over the world. Just 24 hours after the vote, markets all over the world plunged sharply. According to some economists, the markets plunging is a sure sign that economic turmoil is on the horizon.

Here are 3 things that can cause the Brexit crisis to get worse:

#1 – The Slow Down Of Trade Flows

A research brief put out prior to the referendum showed various ways the British economy would suffer as a result of Brexit. The brief pointed out the fact that almost 50 percent of all UK exports go to the rest of Europe. And Britain has benefited greatly from the lower tariffs and market access you only get when you are part of the European Union.

Once Britain decided to leave the EU, trade flows now have the potential to slow down considerably.

#2 – UK Incomes May Start To Fall

According to the Centre for Economic Performance at the London School of Economics, UK incomes could fall by as much as 3.1 percent in the wake of Brexit. With lower incomes you open the door for homelessness, poverty and higher crime rates.


#3 -  Businesses May Stop Hiring

When there is a lot of uncertainty in the economy, the first thing businesses will do is stop hiring. They will also stop making any new investments. Instead they will start to shrink their workforce in a effort to preserve their business.

So not only will incomes be lowered, but people won't be able to find jobs. This is truly a recipe for disaster. And once one domino starts to fall, the rest will start to fall and things will only get worse.

As Paul Krugman of the New York Times put it, Brexit will make Britain poorer. While he can't put a number on how much poorer Britain will be, he does believe it will be substantial.

At this point no one really knows the long term economic impact Brexit will have on the European Union or on Britain. Larry Summers, the former director of the US National Economic Council, believes  the bigger question is what will happen if other countries decide to follow Britain's lead and exit the European Union?

For now the world will just wait and see what becomes of Britain over the next 12 months.

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Thursday 28 July 2016

Amazon shares rise after earnings crush forecasts

Amazon shares rise after earnings crush forecasts


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Amazon shares rise after earnings crush forecasts


Amazon shares rise after earnings crush forecasts
Amazon shares rise after earnings crush forecasts


Amazon shares rise after earnings crush forecasts

Amazon shares rise after earnings crush forecasts - here are the reasons??

shares swung higher after the retail giant posted its fifth-straight period of profitability, and handily beat Wall Street's forecasts.

The online retailer reported earnings per share of $1.78 adjusted, easily sweeping past expectations for $1.11, according to a Thomson Reuters consensus estimate. Revenue came in at $30.4 billion, also beating forecasts of $29.55 billion.

That compared with net income of $92 million, or 19 cents per diluted share, in second quarter 2015.
The company's shares initially dipped following its announcement, but then inflected higher. Amazon stock is up more than 40 percent over the past year.

"Obviously this has been an incredibly strong stock since February or March so the bar is very high here," said Edward Yruma, an analyst at KeyBanc Capital Markets.

Investors have been keeping a close eye on Amazon's profits, with the second quarter marking its fifth-straight period of profitability. The company has invested to lower delivery costs and increase online media offerings to its members.

Amazon shares rise after earnings crush forecasts and we kept watching into the close today.

Indeed, the company said in a conference call with investors it would be doubling its content spend year-over-year in the second half of 2016, tripling its Amazon Originals content, considered a "beloved" perk of Prime. On top of that, it's experimenting with its first international location of Amazon Fresh in London, and has seen Amazon's Echo used to access Prime Music, executives said on the call.

Its operating income was $1.3 billion in the second quarter, compared with $464 million in second quarter 2015. Analysts had been expecting operating income of $903.1 million, according to StreetAccount. The company posted an operating margin of 4.2 percent, compared with 2 percent in the prior-year quarter.

"Our big call out is the strong profitability of the North American retail business. At 6.6 percent [margins], you can't make the argument that this isn't a profitable business anymore," Yruma said.
Sales from Amazon Web Services (AWS), its industry-leading cloud business, were $2.89 billion. The Street was expecting $2.83 billion.

Amazon's report comes on the heels of its best-ever day of sales, Prime Day. Though it wasn't reflected in Thursday's numbers, commentary on those loyal, valuable members was key as Wall Street digested results from the company's core retail business.

"This is a very impressive quarter for Amazon on multiple fronts," stated Moody's lead retail analyst Charlie O'Shea said in a statement. "This is particularly impressive as we believe there was likely delayed shopping/spending by Amazon's key Prime members in anticipation of the Prime Day deals, especially where purchases of discretionary items are concerned."

For the third quarter, Amazon shares rise after earnings crush forecasts, Amazon said it expects net sales to be between $31 billion and $33.5 billion. That compares with Wall Street's forecast of $31.63 billion. Despite a Prime Day boost, the third quarter will see a lot of investment in opening new fulfillment centers ahead of the holidays, executives said on the conference call.


Here is a daily chart of AMAZON, and you can see that its had several attempts to breakout of our 750 area. So far with no luck but when you take a closer look, the trend has been up for a while now. A convincing break of 754 might be a HUGE WIN for the bulls. We think that is the case. So we will keep a close eye on it for our private members, and alert when necessary. 



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Tuesday 26 July 2016

Big bull Tom Lee admits: 'August scares us' and here's why

Big bull Tom Lee admits: 'August scares us' and here's why


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Big bull Tom Lee admits: 'August scares us' and here's why


Big bull Tom Lee admits: 'August scares us' and here's why
Big bull Tom Lee admits: 'August scares us' and here's why


Big bull Tom Lee admits: 'August scares us' and here's why

Big bull Tom Lee admits: 'August scares us' and here's why - here are the reasons??

Strategist Tom Lee is known for perennially serving as one of the biggest bulls on Wall Street, but when asked about the month ahead, he's striking a markedly cautious tone.

"August scares us," the co-founder of Fundstrat Global Advisors said Monday on CNBC's "Trading Nation." He pointed to two troubling stats in particular.

Lee observes that going back to 2009, the S&P 500 has fallen an average of 6 percent during the month of August — a stat that jibes well with the "sell in May and go away" line of thinking.

This adds up to a "pretty scary" outlook for next month, Lee said. However, after an August slip, Lee expects a fall rip.

Or, as the strategist memorably put it in a recent note to clients: "sell the beach, buy the teach."

More specifically, Lee says that once the S&P falls to 2,100, "we think you should buy it," in anticipation of a substantial rally to Lee's 2,325 year-end price target. It closed Monday at 2,168.48.

Indeed, the long-term minded "shouldn't do anything, because a 2 to 3 percent sell-off isn't enough to warrant a big shift in a portfolio. But 2 to 3 percent for an active manager is relative performance."

Further, the odds of a slip could be even greater this year, given that "the bond market has become a lot more volatile than equities, and whenever this happens, 68 percent of the time, the stock market falls in the following month."

Here is a daily chart of BONDS....man, Oh, Man, what a rollercoster ride ey? You can see the rising support line has been touched a few times but now. Hmmmmm. So its safe to say we are at a make or break area. 

Big bull Tom Lee admits: 'August scares us' and here's why
Big bull Tom Lee admits: 'August scares us' and here's why




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Monday 25 July 2016

brent crude chart - the brent crude chart

Elon Musk sees Tesla becoming a renewable energy enterprise


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brent crude chart


brent crude chart
brent crude chart



brent crude chart

brent crude chart - what does it show here??

Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls.

International Brent crude oil futures were trading at $44.93 per barrel at 0501 GMT, up 21 cents from their last close. U.S. West Texas Intermediate (WTI) crude was at $43.23, up 10 cents per barrel.

Brent hit its lowest level since May the previous day, while WTI hit its lowest level since April.

Traders said the higher prices were partly a correction after the previous day's sharp falls, and also reflected a more than 1 percent fall in the dollar against the Japanese yen on Tuesday.

As oil is traded in dollars, a drop in its value makes fuel imports cheaper for countries using other currencies, potentially spurring demand.

Hedge funds selling crude futures and options to close out these bullish positions has put downward pressure on oil prices in recent weeks.

You can see that the daily brent crude chart is in a downward channel right now, with a target of about 41.90 on the downside. It had not seen much love since the brexit drama. But we will keep an eye on this for our members! We have been in a down channel since the middle of JUNE so far, and things have not improved. Sellers keep coming in after a 1 or 2 day rally in brent crude. 







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Sunday 24 July 2016

These safe havens are becoming danger zones: JPM

These safe havens are becoming danger zones: JPM


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These safe havens are becoming danger zones: JPM



These safe havens are becoming danger zones: JPM
These safe havens are becoming danger zones: JPM




These safe havens are becoming danger zones: JPM

These safe havens are becoming danger zones: JPM was talked about on many blogs today. But is this the case!??

As stocks and gold continue to climb in 2016, one of Wall Street's largest firms has a clear message for investors: There could be trouble brewing in this rally and These safe havens are becoming danger zones: JPM. Time will tell.

Prices on bullion and government debt, two of the safest of safe havens, have skyrocketed this year even as risk-sensitive assets have powered higheras well. According to some, that isn't a good thing.

"I believe we are seeing signs of froth in perceived safe assets," advised Stephen Parker, Head of Thematic Solutions for J.P. Morgan Private bank on CNBC's "Futures Now" last week.

Initially, Parker said, the optimism was warranted as fundamentals justified the risk rally. In particular, stronger-than-expected earnings, bolstered by top line revenue growth, have surprised to the upside, That "...is something we haven't seen in recent quarters," he said. Through Friday, 65 percent of earnings reports have come in above estimates led by beats from General Electric and Whirlpool, which has encouraged investors.

"You're seeing better signs of stabilizing economic growth," said Parker. "Economic surprises in the U.S. have reached their best levels since the beginning of 2015."

'Forced to chase' a rally

During the past 2 years, the Dow Jones Industrial Average and S&P 500 Index are up 8 and 10 percent, respectively. Furthermore, U.S. markets have continually weathered the fallout from bearish events like Brexit, volatile oil prices, terrorism and a global negative interest rate environment.
"Investors have been caught a little bit offside in terms of being too cautiously positioned," Parker said. "Fund managers are sitting on the highest levels of cash they've had since 2001. Now that markets are rallying, they're being forced to chase."

This is where Parker says the danger is for investors.

"You need safe haven assets to manage volatility," Parker said in reference to owning U.S. Treasuries. "But I think you need to be careful right now." These safe havens are becoming danger zones: JPM.... but still they show nice strength in the middle part of the year.

Investors appear to be heeding Parker's call, at least in the short term. U.S. bonds sold off last week, pushing yields to a six-week high (bond yields move inversely to prices). Notably, the U.S. 10-year yield rose above 1.60 percent for the first time since the Friday following Brexit.

In addition to bonds, Parker warned of the pitfalls that lie in sectors like utilities and consumer staples, as investors hunt for yield. Despite modest growth expectations, consumer staples trade at 22 times forward earnings and utilities, which historically trade at a 20 percent discount to the market. They are currently trading at a premium.

Parker explained that, with low U.S. interest rates, typical safe haven assets have gotten too expensive.

Notably, gold has been on a meteoric rise and is currently trading at levels not in nearly 2 years. From here, Parker said it may be time for investors to pivot away from expensive parts of the market, and get back into more cyclical sectors like consumer discretionary, technology and energy. He expects those assets to be supportive of U.S. markets in the long-term.

energy charts are slowly working off a huge sell off.....

These safe havens are becoming danger zones: JPM
These safe havens are becoming danger zones: JPM



Additionally, Parker urged investors to consider opportunities that exist in emerging markets now that global growth and commodities have stabilized. Meanwhile, the U.S. dollar, another safe haven, has settled in a less volatile range.

"Lower rates and a patient Fed are good for emerging markets," Parker told CNBC.

"Despite outperforming this year, emerging markets have lagged U.S. markets by over 70 percent since the end of 2012 and valuations remain attractive," he said. "Investors who have thrown in the towel on emerging markets in recent years are beginning to take another look."

In a research note to clients last week, Bank of America noted record flows into emerging market bonds, which jumped to nearly $5 billion this past week. That exceeded a record of $3.4 billion set just two weeks ago.

Year-to-date, EEM, the exchange traded fund made up of emerging markets equities in South Korea, China and Taiwan, is up 11 percent.







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Wednesday 20 July 2016

Elon Musk sees Tesla becoming a renewable energy enterprise

Elon Musk sees Tesla becoming a renewable energy enterprise


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Elon Musk sees Tesla becoming a renewable energy enterprise



Elon Musk sees Tesla becoming a renewable energy enterprise
Elon Musk sees Tesla becoming a renewable energy enterprise



Elon Musk sees Tesla becoming a renewable energy enterprise

Elon Musk sees Tesla becoming a renewable energy enterprise - We finally know what Elon Musk is thinking.

Tesla Motors' founder and CEO released Wednesday a second installment of Tesla's 'Master Plan," a sequel to comments he posted on the company blog in 2006.

In the latest version of Tesla's master plan Musk paints a picture of a renewable energy enterprise, with goals such as creating solar roofs that are seamlessly integrated with battery storage, an expanded vehicle product line that includes heavy duty trucks and large passenger transport vehicles, working toward "true self-driving" that is 10-times safer than manual driving, and enabling your car to make money for you when you aren't using it.

Creating the "solar-roof-with-battery product" is the first piece of the plan. Musk envisions a system that would turn individuals (or perhaps more accurately, homeowners) into their own utilities. This is why Musk wants Tesla to fully acquire SolarCity.

He considers the fact that Tesla and SolarCity were ever separate to begin with "largely an accident of history," saying that the time is right to combine Tesla's scalable Powerwall wall battery with SolarCity's solar panels.

Secondly, Musk wants to expand Tesla's line to "cover the major forms of terrestrial transport," which are, in short, trucks, buses, and a unique kind of ride sharing scheme based on autonomous cars.

The company has both a Tesla Semi truck and a "high passenger-density" bus in development, and both should be "ready for unveiling next year," the plan said.

Along with other tech and auto companies, Tesla is working on making its cars fully autonomous, which is a key step in the plans the company has for its product line.

"When true self-driving is approved by regulators, it will mean that you will be able to summon your Tesla from pretty much anywhere. Once it picks you up, you will be able to sleep, read or do anything else en route to your destination," Musk wrote.

Musk explained why the company moved so quickly to stock its cars with its partially autonomous technology, called Autopilot, and why the company has resisted calls to disable the feature after one user died in a crash in May.

He said even partially autonomous cars are "already significantly safer than a person driving by themselves and it would therefore be morally reprehensible to delay release simply for fear of bad press or some mercantile calculation of legal liability."

He added, that it would "no more make sense to disable Tesla's Autopilot, as some have called for, than it would to disable autopilot in aircraft, after which our system is named."

The plan has already provoked skepticism and criticism from some analysts.

"Elon Musk's latest plan for Tesla follows the same path already laid out by several other automakers," wrote Karl Brauer, senior analyst for Kelley Blue Book.

"The idea of combining self-driving technology with electric powertrains is underway at Ford, Google and GM, just to name three. Combining this effort with a Tesla/Solar City merger gives Musk a slightly varied approach, but a negotiated agreement between an automaker and one of a dozen other solar energy companies would nullify that advantage," Brauer said.

He added that the big automakers have the advantage of a distribution and service network Tesla still lacks.

"Elon paints an appealing picture," Brauer said, "but a near-term plan for profitability, or even a substantial improvement in current vehicle quality, would have been more impressive."

In Wednesday's blog post, Musk also said he penned his first master plan as a way to defend himself from the inevitable critics who would say he was "just caring about making cars for rich people."

"Unfortunately, the blog didn't stop countless attack articles on exactly these grounds, so it pretty much completely failed that objective," he said.

The initial plan also aimed to explain how the company's actions fit into a larger picture, "so that they would seem less random," Musk said.

"The point of all this was, and remains, accelerating the advent of sustainable energy, so that we can imagine far into the future and life is still good. That's what 'sustainable' means. It's not some silly, hippy thing -- it matters for everyone," he said.

"Master Plan, Part Deux" evolves this vision with the hope of accelerating the shift to sustainability.


Even though Elon Musk sees Tesla becoming a renewable energy enterprise we can take a look at things further, by looking at the tesla chart.


Here is a chart of TSLA or tesla. You can see its just broken out of a duldrum area of the 220 which seems to be resistance for a long time. In fact from September 2015 last year, it seems that this has basically formed into a inverted head and shoulders type pattern. That would put a target for this company looking at the charts and using technical analysis at about 360. [See the Chart below]



The chart is holding well, and so to the nerves of the company as we see the birthpangs of this revolutionary green alternative era start!........





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Tuesday 19 July 2016

Wall Street is not happy with Donald Trump - why Wall Street is not happy with Donald Trump

Wall Street is not happy with Donald Trump


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Wall Street is not happy with Donald Trump



Wall Street is not happy with Donald Trump
Wall Street is not happy with Donald Trump




Wall Street is not happy with Donald Trump

Wall Street is not happy with Donald Trump - or A top advisor to presumptive GOP presidential nominee Donald Trump said on Monday that the party wants to reimplement Glass-Steagall, Depression-era legislation that was designed to prevent big bank "supermarkets," but which was repealed in 1999.

After the surprise announcement, which came on the first day of the Republican National Convention, Wall Street sources sounded off on the idea that a Republican would reverse course on policies nearly 20 years old and now taken for granted by big banks.

One lawyer, who works with financial institutions on behalf of a white-shoe firm in New York, called the idea "scary." Even Wilbur Ross, one of the Trump campaign's biggest supporters from the finance industry, called it "surprising." Others on Wall Street who spoke to CNBC used stronger language that can't be printed.

A spokeswoman for the Trump campaign did not respond to multiple requests for comment.

Traders at the New York Stock Exchange watch Donald Trump speaking on TV.
Michael Nagle | Bloomberg | Getty Images
Traders at the New York Stock Exchange watch Donald Trump speaking on TV.
Glass-Steagall is legislation the U.S. imposed in the wake of the 1929 market crash aimed at limiting the relationships between securities firms and commercial banks, and by extension of that, systemic risk to U.S. markets and the economy. In 1999, legislation was passed that did away with Glass-Steagall, but now, the GOP is ready to bring it back and break up banks.

"We support reinstating the Glass-Steagall Act of 1933 which prohibits commercial banks from engaging in high-risk investment," according to the 2016 Republican Party platform statement.

In a seeming contradiction, the 2016 Republican platform simultaneously calls for the dismantling of Dodd-Frank, post-financial crisis regulation that's aimed at curtailing risk at too-big-to-fail institutions. Ross said on Tuesday that Dodd-Frank puts regulatory requirements on banks that are too onerous.

Specifically, the GOP platform highlights the decline in the number of community banks in the U.S. and says Dodd-Frank is "regulatory harassment of local and regional banks," arguing that it and the Consumer Financial Protection Bureau "would leave us with just a few enormous institutions, as in many European countries."

Then there was this..... His WIFE STOLE MICHELLE OBAMAS speech from a few years ago. I thought I would add this for a laugh. 




BACK TO THE DONALD! :- Calling for the repeal of Gramm-Leach-Bliley, the legislation that in 1999 took Glass-Steagall off the books, is politically expedient on a number of levels for Trump, one banker said.

For one, the legislation was signed into law by President Bill Clinton, and the narrative gives Trump further opportunity to attack Hillary Clinton, who will run opposite Trump representing the Democratic Party after next week's convention in Philadelphia. The presumptive Democratic nominee has come under fire for her relationship with Wall Street, notably for speeches she gave at Goldman Sachs, the contents of which have yet to be fully disclosed.

Further, Trump's willingness to take on Wall Street could resonate with disenfranchised Bernie Sanders supporters who are now on the fence, another Wall Street pro noted.

"[I]t seems a bit suspicious that he rolled it out now, [it's] clearly not something he's given much thought to before," said one source at a big bank who spoke to CNBC on the condition that his name and his company not be disclosed.

Trump has obfuscated much about his future policies, but the shift toward more aggressive regulation of Wall Street could hamper his fundraising efforts, which still have a long way to go in terms of shoring up cash to support his candidacy. It could also hurt the efforts of other Republicans.

The Trump campaign has pushed to get more support on Wall Street and from the financial services industry as it looks to take on the Clinton juggernaut, expected to be armed with $1 billion to advertise in key swing states.

For all of Wall Street's surprise, however, a common link between supporters and detractors of the Trump campaign was their expectations for legislation that would simultaneously tear down Dodd-Frank, and reimplement Glass-Steagall. While the prospect of legislation to that effect becoming reality is intimidating, finance pros think other checks and balances within the U.S. government will head off the GOP candidate's pledge to rearrange Wall Street.

"No one is actually worried this will become law," one banker said.


THROW ME A HAIRPIECE,.... he did TRY, but you will see that DONALD has no CHANCE to get into POWER. Its not what the POWERS THAT BE WANT!, as you will soon see. They want HILLARY! and HILLARY CLINTON will be your next president. Not The DONALD!!........




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Monday 18 July 2016

Why sterling's bounce could prove to be very short lived

Why sterling's bounce could prove to be very short lived


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Why sterling's bounce could prove to be very short lived



Why sterling's bounce could prove to be very short lived
Why sterling's bounce could prove to be very short lived




Why sterling's bounce could prove to be very short lived

Why sterling's bounce could prove to be very short lived - or The British pound could be showing signs of a false dawn, according to currency analysts, because some suggest that a recent rally could soon give way to more bouts of heavy selling.

This currency bounce as a major turning point for a firmer British pound moving forward, but rather expect further depreciation later on, as the bounce so far has been VERY WET, WEAK and NOT SUSTAINING!

The result of Britain's EU referendum in June pummeled the pound down to 31-year lows. But a fresh new government, a lack of movement from the Bank of England (BoE), and some good corporate news has steered sterling back on a course higher.

We doubt all this BREXIT crisis is gone away, but that seems to be what other news reports and journalist think. Please we need to warn you about just tossing this problem into the wind. We believe this will FLARE up again, and YES! you heard it here first! And When all the dust settles, I think we'll see new lows for sterling.

Stimulus from the central bank is also seen as negative for the currency with the extra liquidity it creates essentially flooding more pounds into the system. And despite surprising investors by holding rates last week, most members of the bank's monetary policy committee are expecting some sort of loosening in August.
With this in mind, Kallum Pickering, senior U.K. economist at Berenberg, expects trade-weighted sterling to remain at or even below current levels until the end of the year before rising modestly in 2017.

Here is a chart of the pound sterling, as you can see the BREXIT mess really hammered the charts, and it sold off hard! However now the chart is cleaning itself up and it does not look that well. Could this just be a dead cat bounce. All it needs now is some brexit news catalyst. That it seems in not that far away!! As we previous described!. [See the Chart below]


Why sterling's bounce could prove to be very short lived
Why sterling's bounce could prove to be very short lived

Of course the govt could work things out and mysteriously find money again to throw into the economy and into the market, but our thoughts are this BREXIT mess is only getting started. YES!........





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Sunday 17 July 2016

Don’t believe the S&P rally hype - Should You believe the S&P rally hype

Don’t believe the S&P rally hype


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Don’t believe the S&P rally hype



Don’t believe the S&P rally hype
Don’t believe the S&P rally hype




Don’t believe the S&P rally hype

Don’t believe the S&P rally hype - or should you really buy into it. We can say that its a case of Don’t believe the S&P rally hype , however. We need to take a closer look at the chart.

Even as stocks hit record highs, this rally is not all it's cracked up to be. We have lower volume and we have gone up to fast to quick. I think to think this is going to go to the moon from here, might be a bit of a crap shoot.

By Friday's market close, the Dow Jones Industrial Average closed a five-day streak of record highs, while the S&P 500 Index posted a four-day record of closing highs.

Many investors flocked to stocks during the rally, while big bank earnings and strong retail sales data drove stocks higher. However, we must say that infact the equity performance has actually been rather disappointing lately.

The issue here might be that we know on an absolute basis, one has nothing to show for having been in the market now since May of a year ago.

This is a constant mistake, and you must realise that Investors can get too bullish at highs, and extreme bearish at lows. You can go back and take a look in previous times if you do not believe us.
Our charts, actually show that if we look year-over-year change for key assets. Nothing earth changing has happend for us to go 'meaningfully higher'.....

so maybe it is a case of ' Don’t believe the S&P rally hype ' but just for now. Such indicators like Treasury bonds, gold and real estate—nearly all up in the double-digits— you must realise that stocks are the worst-performing major asset class since last May, up less than one percent. So that is why we are a little cautious here.

In looking at the S&P total return index, its trajectory falls below the S&P 30-year bond futures total return index.

The total return of just being in the bond market versus the stock market, no result, and yet again, all the volatility, if you adjust for the risk, it's not parity at all.

Plus the fact we have VIX at all time lows, and mentioned that to our VIP members just 24 hours ago. 

And when adjusted for inflation, we can attest to the fact that the S&P has still not taken out its March 2000 high, a record set during the tech bubble. Considering this was about 15 years ago this level is quite significant.

I would take a rocketship rally higher, and a meaningfully RALLY to start to compensate for the risk that's been associated with owning equities not only for the last 18 months, but for quite some time now.

Here is a chart of the S&P 500 with just 2 red days, and lower volume our analyts are starting to umm and ahhh here. Because due to that violent upwards move, and without it being back, and with gaps in the chart as well on the downside, something is fishy here it seems. [See the Chart below]



Don’t believe the S&P rally hype
Don’t believe the S&P rally hype
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You may be in the camp that thinks, hold on, we are going up and that is the trajectory and we should rocket higher from here, to the moon. But that would not be a smart way to think, considering how volatile the market has been lately. The ups and downs has been enough for even the most steadies of hands type trader to get sea sick.....







 I cover more and more technical analysis ==> HERE in our VIP members section.



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