The Dow failed to elect any Monthly or Quarterly Bullish Reversals. It did elect two of the three Weekly Bullish Reversals, leaving the 3rd intact. We provided these numbers previously, warning not to expect follow-through without electing all three. “In the Dow, we have a cluster of Weekly Bullish Reversals starting at 17680, 17750, and […]
The International Consortium of Investigative Journalists (ICIJ) has clearly targeted Putin, however, it is his aids rather than him personally who were revealed in the Panama Papers. The political agenda of ICIJ is called into question by this action. Icelandic Prime Minister Sigmundur David Gunnlaugsson resigned just two days after the papers were released. Reports say that 12 […]
Federal Election Commission records show that hedge fund billionaire George Soros donated $343,400 to the Hillary Victory Fund and poured a whopping $7 million into Priorities USA, the Super Pac supporting Hillary to further her occupation of the Oval Office. Donald Sussman of Paloma Partners also gave $343,400 to the Hillary Victory Fund and donated […]
Everything has a cycle. The difference between the Triple Crown and Villanova is that it was actually substantial. In the case of the Triple Crown, nobody won it in 31 years, and I was able to work out the cyclical pattern of the event. Each sports team has a different cycle. Therefore, in the case […]
Oil was blamed for the majority of today’s equity weakness but there was no new news and the reason was a little baffling! The Nikkei broke the 16k level and then fell another 300 points quite sharply. In late US trading, it lost an additional 150 points and is currently trading around the 15,500 level. […]
I am not a sports fan. I do not even have time for TV. However, I am a student of cyclical patterns. When it came to the Triple Crown, I looked at the cyclical pattern and said it was time and he will win. Well, I did it again. Villanova won the championship in 1985. […]
Fridays NFP in the US did not help support the Nikkei despite the DOW’s strong closing rally. We did see a bounce off of the 16k figure but given that the Chinese markets were closed, holding any gains on the day proved just too lonesome. Late news on Friday about oil production continues to haunt […]
Trump’s latest comments over the weekend regarding the economy are interesting but still fall short of reality. He argues the unemployment number is really in the 20%+ zone, and the number that was provided was deliberately contrived to make politicians look good. That is basically true, but his number is a bit high. He says the […]
Part of the crisis in the EU is the fact that there is an inherent anti-democratic foundation because Brussels has been attempting to force uniformity upon all of Europe which cannot possibly work. To the shock of some, I have stated many times that what made America function was DISCRIMINATION. Every group coming to America — German, Italian, […]
I have been asked to explain the differences between socialism, fascism, and communism for some people seem to mix them all up. A “socialist” is akin to a fascist for there governments seeks to dictate control. They do not pretend to own private property. Communists seize all private property and place it in the hands […]
