QUESTION: Marty, you have said since the S&P 500 and the NASDAQ took out last year’s low and the Dow did not, it does not necessarily imply the Dow must do so since it is international compared to the others being domestic. You said that crude had to close below $35 at year end or […]
The Asian markets responded quite positively to the FED’s unchanged decision yesterday with HSI and China Main trading a little over 1% higher across the board. The Exporters did not fare so well, as such, Japan closed a little lower (-0.22%) on the back of a stronger JPY (+1%). China moved the yuan mid-point from 6.5172 […]
On Friday we elected the Weekly Bullish Reversal at 38.40. Crude pulled back for two days marginally to try to retest the previous reversal at 32.40. We have now gapped up and the major Weekly Bullish Reversals stand up at the $45 level. We warned that the first quarter would try the souls of most […]
We are entering a period of major political change driven by the economy. This is what has driven our forecasting models as well. This is by no means a personal opinion or a desire on my part to see some sort of upheaval. The entire purpose of providing this type of forecasting is to PROVE […]
India surprised everyone. They did not remove the tax on gold and in fact increased it. India is the number-one consumer of gold jewelry. Sales have declined recently because many expected the tax to be lifted. A near 10% tax on gold has been rather high. Nevertheless, the government sees this as a capital outflow.
James Paterson, the youngest senator ever to be elected in Australia at 28-years-old, has boldly stated, “I’m not here for personal power and advancement.” He is a member of the Liberal Party and says he is there to pursue “radical reforms,” which include throwing out the national curriculum in schools, for they are indeed pointless, and reimposing a […]
President Barack Obama has made his selection for nomination to the U.S. Supreme Court. Appellate court Judge Merrick Garland from the District of Columbia is his choice. Of course, the Senate Republicans have vowed to block any Obama nominee. This is purely politics. Historically, those who have been appointed to the Supreme Court do not […]
With both Asia and European markets were in pretty much a waiting station ahead of the FED, so it is probably worth us heading straight to where the action started! Even the events of the UK Budget were almost removed with talks of, “It could all change come June 23rd anyway” so why get too hot under the […]
Asia closed mixed in a session dominated by central bank thinking and with the uncertainty of holding recent gains. The BOJ was vocal only in that they stated it was too early still to monitor the effects of the recent negative move. The JPY returned to previous highs and in late US trading Nikkei futures have dropped […]
