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Market Talk – Friday, Nov. 9

Market Talk – Friday, Nov. 9

Even as Chinas trade expanded, it really has done nothing for stock market confidence or sentiment, especially after the poor auto sales numbers. We saw more selling pressure today as the Shanghai core index closed 1.4% lower, with the Hang Seng under even more pressure resulting in a 2.4% decline. Money is still leaving the […]
Stocks Slump As Post-Election Surge Ends With Post-Powell Purge

Stocks Slump As Post-Election Surge Ends With Post-Powell Purge

China stocks started the week confidently but ended weak with Shanghai Composite back below the 2600 Maginot Line…   Very mixed picture in Europe with Spain outperforming, Italy worst and the rest unch…   A roller-coaster week of oddness as US stocks were bid on post-election ‘gridlock’ when it was the opposite of gridlock that […]
Stocks And Precious Metals Charts – Stock Option Expiration Next Friday

Stocks And Precious Metals Charts – Stock Option Expiration Next Friday

Stocks were weak today, certainly digesting their recent gains at least. Next week we will find out if this is just the beginning of another leg down, or not. Bully is hoping that the seasonality will swing to his favor in November for stocks and that October was just a passing thing. Look for the […]
November 2018 ECRI’s WLI Growth Rate Index Slips Further Into Contraction

November 2018 ECRI’s WLI Growth Rate Index Slips Further Into Contraction

ECRI’s WLI Growth Index which forecasts economic growth six months forward declined and is deeper into contraction. Analyst Opinion of the trends of the weekly leading indices The current forecast is a slight economic contraction six months from today. Here is this week’s update on ECRI’s Weekly Leading Index (note – a positive number indicates […]
Cyclical Commodities Continue To Weaken, Gold Moves In Relation

Cyclical Commodities Continue To Weaken, Gold Moves In Relation

Crude Oil and Industrial Metals continue downward. This is significant per this NFTRH monthly chart showing these items and the broad CRB itself having hit trend lines from the 2008 highs. These pullbacks from long-term trend lines are notable and qualify cyclical commodities as risk indicators for the cyclical macro. Here is oil’s weekly view. Key support […]
Hot Options Report For End Of Day – Friday, Nov. 9

Hot Options Report For End Of Day – Friday, Nov. 9

Data Courtesy of Trade Alert 
Tesla May Enter S&P 500 Index: ETFs To Watch

Tesla May Enter S&P 500 Index: ETFs To Watch

Tesla (TSLA – Free Report) could become a member of the S&P 500 Index in the second quarter of next year if it manages to show sustained profitability over trailing 12 months, according to one analyst at Macquarie.   Per Macquarie, Tesla fulfills all the S&P 500’s requirements except the one that calls for four quarters of […]
Goldman Calls It: “Stocks May Be About To Enter A Sustained Bear Market”

Goldman Calls It: “Stocks May Be About To Enter A Sustained Bear Market”

Two months ago we reported that according to Goldman’s bear market indicator, the risk of a market crash dead ahead was higher than before the dot-com bubble burst in 2000 and ahead of the 2008 global financial crisis, or as Goldman puts it, “our Bull/Bear market indicator is flashing red“. Fast forward two months, and one market correction later, and Goldman’s […]
50 Million Empty Homes In China, Third-Home Purchases Soar

50 Million Empty Homes In China, Third-Home Purchases Soar

There are more than 50 million vacant homes in China. An amazing 69% of recent purchases are second or third homes. Home-buying speculation is rampant in China. Over a fifth of China’s homes are empty. That’s 50 Million Empty Apartments. Soon-to-be-published research will show roughly 22 percent of China’s urban housing stock is unoccupied, according to […]
Recession Ahead? Watch Dr. Copper

Recession Ahead? Watch Dr. Copper

After selling off this summer, copper has been consolidating over the last couple months and appears to be forming a wedge-type pattern that may indicate another strong move when the metal breaks out from it one way or another. Copper has a reputation for leading the global economy and is known as “the metal with […]