We have a very serious problem with Congress. Their actions in far too many ways is displaying (1) a total disregard for international law, and (2) a clear arrogance that they will punish foreigners for not obeying US law outside the territorial jurisdiction of the United States. What if Germany passed a law to punish […]
Energy, Industrials and Financials were the sectors leading the Hang Seng in todays trading and we highlight those because it closed up almost 1.3%; not bad for a Monday! Hang Seng helped much of these gains after better than expected results and the announcement of share buybacks. The core Shanghai also closed better (+0.65%) but […]
The dollar correction for this Year from Political Hell is still in motion, but there is no major change in trend that is at hand. In the British pound, the Monthly Bullish Reversal stands at 13485 level on cash. In the Euro, the Monthly Bullish remains up at 12885 with a Minor Monthly Bullish at […]
QUESTION: Mr. Armstrong; I read your report that the politicians we have here in Europe think they need these refugees to pay future pensions. I read that the IMF has also confirmed your reporting. I understand you also meet with government. Do they ever listen to you that they are destroying our countries here in […]
William Felix Browder is all over the news trying to play into the whole Russian/Trump affair muddling the waters. Browder founded Hermitage Capital to invest exclusively in Russian companies. Edmond Safra, the notorious banker who was the center of what was called the Money Plane, put in $25m of seed capital for Hermitage Capital and Safra’s Republic […]
We did eventually see a mixed close in US with the NASDAQ setting new gains but the late rally failed to convince Asian markets of the rally and having seen ECB unchanged, we saw Asian indices small down. It was a reasonably light session to close the week as main core markets drifted. The Nikkei […]
It was US news again that drove market direction for Asia after we heard late in the US time zone that two additional Republican’s opposed the healthcare bill. The DXY and US index futures were weaker on the news dragging much of Asian equities with them. In China the data for Home Prices released lower […]
QUESTION: Dear Martin, I am a reader of your blog and attendee of some of your conferences. I am quite impressed about the timing of your forecasting arrays. In particular, May 1 you published the arrays for DJIA (attached) where you showed two clusters of volatility: the weeks of 15 May and 26 June. […]
We have not yet broken gold for all the people writing in. So far we have elected three Weekly Bearish Reversals from the July 2016 high in gold and three Monthly Bearish Reversals. We have elected two Weekly Bearish Reversals from the high in June and fallen into the target week of July 10th and […]
Whenever there is a national holiday and especially July 4th, volumes are light which can result in larger moves and higher volatility. Given that North Korea tested another missile earlier today the effect on markets was more extreme than would otherwise have been expected. The Hang Seng took the brunt of the move closing down […]
