Gold has been backing off with the prospect of rising interest rates, but a weekly closing below 1225 will signal that the high is possibly in place. However, a weekly closing below 1205 will signal that a serious decline is likely. Technically, we can see critical points at 12434.47 and 1202.13, and a closing below […]
The Dow does not need to break last year’s low, as that was accomplished in the NASDAQ and S&P 500. Nothing has changed there. The entire interest rate issue has far too many people brainwashed. No doubt, they would initially sell. However, the market will rise with higher interest rates as it has always done. […]
There have been a some unusual capital flow developments involving Egypt that illustrate a shortage of dollars caused by the decline in oil prices. However, this may also, in part, signal someone is trying to get money out of Egypt. This decline in oil has resulted in a decline in subsidies for Egypt from other […]
Interesting that both the Nikkei and Shanghai closed almost unchanged following a similar trading pattern today but the Hang Seng really could not even attempt break-even, closing down 0.6% on the day. The JPY closed above the bullish reversal but we have a large gap to wait for the weekly. In late US trading the […]
We will be providing access to the completed version of Socrates to those who have been on the beta site. This will be for 30 days. The Arrays, Reversals, and other aspects have been updated to current versions. Unfortunately, the preview site was temporary so the updates to the system were not possible since that […]
The first Minor Weekly Bearish Reversal in the Dow lies at 17434. A closing beneath this for the week will confirm what already appears to be in motion after electing three Daily Bearish Reversals. The next critical area is 17120, which happens to be a Daily and Weekly Bearish Reversal. This is the primary support. […]
QUESTION: Marty, years ago you did a chart showing the projection for unemployment. I believe I understand what you were projection for the company I work for has been replacing people with technology on a large scale. So we can have rising corporate profits with rising unemployment as technology changes everything. Is there a point […]
QUESTION: Mr. Armstrong, there appears to be a dispute between what is money and what is a currency. Can you define each easily? Thank you LW ANSWER: “Currency” is an official monetary instrument used in commerce. Currency must be “legal tender,” which means the government will accept it in payment for taxes. “Money” is a much […]
Japan’s GDP showing today finally provided signs of life when the expected number of 0.1% was put to shame with a 0.4% print. However, it was only enough to rescue the Nikkei from the selling but did help to provide the days highs. By close of business the index had drifted back only to close […]
Of course, the markets have been causing losses among the bulls as well as the bears. This is what they do and MUST do before they can actually make a decisive move of the nature we are looking at ahead. It becomes rather amusing to watch the so-called professionals, who are constantly wrong, brood and […]
