Imperfections
A pretty quiet end to the week as kids head back to school. September is usually choppy and so far that’s what we’re seeing although select stocks continue to act great, along with the mining space, but it could use a little rest. Is this an imperfect cup and handle? Maybe so. Ideally we would […]
The Longer-Term Trend – Saturday, Sept 9
I really believe that the market will follow the semiconductor index either up or down. An optimist would look at this chart and see a very nice sideways, bullish consolidation pattern that started in June. A pessimist, on the other hand, sees this as a bearish topping pattern confirmed by the momentum indicator pointing downward… […]
Us Dollar/Yen- Slip Here, Bear Trend Could Start!
Since 2011, it has paid to be long the US$/Yen, could that trend be about to change? Big test in play friends! Below looks at the US$/Yen over the past 8-years- The trend is your friend and the trend in the US$/Yen still remains up at this time. It has paid for years to […]
Can EUR/USD Reach Even Higher Ground? – 3 Opinions
Mario Draghi did his best to talk down the euro, complaining about the exchange rate. This did not succeed, to say the least. What’s next? Here are three opinions: Here is their view, courtesy of eFXnews: EUR/USD: Market Won’t ‘Overdo’ EUR Rise Post-ECB; Where To Target? – NAB NAB Research comments on today’s ECB September policy decision. […]
Who’s Going To Eat The Losses?
Unsustainable. Many more people need to understand what that word really means, and how it applies to pretty much everything in the current human living arrangement. Especially the so-called ‘developed’ nations. Here’s the dictionary definition: Let’s take these three definitions one at a time. First: our entire economic model, which dependent on borrowing at a […]
Flat Wages And Record Debt Equals Consumption In Decline
Headlines today cheer that Canada added 22.2k jobs in August and the jobless rate declined to 6.2%, the lowest since 2008. See: Canada Wages Speed up as jobs gains for ninth month. The Canadian dollar jumped 2% against the greenback this week on continued divergence in monetary policy between the Bank of Canada daring to hike […]
How To Win The Financial Battle Vs. Your Automobile
This time of year many people’s fancy turns to owning a new shiny car during the upcoming New Year. Dealers will need to liquidate their current year inventories to clear space for the new models.They will be pulling out all the stops including colorful free brochures, demonstrations, and pitches by beautiful ladies telling you all […]
Breakout
After a few false starts, gold has finally broken through $1300 convincingly, and looks comfortable at its current perch at $1340. It would be easy to blame it all on politics but, as I noted in the last issue, I don’t think that’s the case. It’s an overdue move and the initial move through $1300 […]
Tom Petty’s Retirement Plan
You never slow down, you never grow old A bunch of different snippets today. First up, my brother sent me this link from USA Today that as Congress starts to try to figure out tax reform they might change the tax deferred status of 401k contributions. If they were to change it such that all […]
