There is serious trouble brewing in Saudi Arabia. They have been dumping oil and increasing their output by 3.5%. However, the cash is being kept offshore. Rumors have been in flight that members of the royal family may be creating a stash just in case there is major civil unrest that forces them to flee into […]
QUESTION: Hi Marty! I am reading and studying your blogs and Socrates for quite some time and I would really like to thank you for all the insights! Some days I listen to bloomberg radio for knowing what ‘they’ are saying about the market developments. As I am not an experienced trader as you are, […]
We will do a brief video update tomorrow on the general state of the markets given we have elected Monthly Bullish Reversals in several currencies. While we have been looking for the euro to reach 116, we have now clearly extended the sideways rally given that the major low for last year took place in […]
A rare find of Roman coins was made by construction workers in Spain have found 600kg (1,300lb) of ancient Roman coins while working on water pipes in southern Spain. The coins date to the period of Maximianus to Constantine the Great (286-312AD) and were found inside 19 Roman amphoras, in the town of Tomares near Seville. The […]
The Canadian Dollar elected Monthly Bullish Reversals at the close of April suggesting that we can now see a rally up to the 82-83 level. Keep in mind that last year’s high was 86.03. Therefore, there is plenty of room for a continued reaction as the markets push everything to the limit. In the Euro […]
We have a Special Room Block if you book directly with the Hotel Join us at the 2016 World Economic Conference at the Hilton Bonnet Creek in Orlando, Florida! This year’s event will be a combination of training courses and forecasting Attendees with receive a proprietary tablet to take home. We will review world share […]
It was the turn of the Hang Seng to play catch-up with Japan today and probably the perfect opportunity with the Nikkei closed for a national holiday. The HSI dropped over 1.5% that could have been a reaction to the Yuan fix (6.489 is the highest in over 10years) but also impacting from the JPY […]
There is a lot of volume focusing on the yen and the Nikkei. It appears someone is trying to push the markets through support and there is a lot of volume taking place. They seem to be trying to crack the Nikkei and are selling the dollar. It appears they are trying to crack the […]
The Dow is now testing key technical support at the 17624 level and breaking this level warns that a correction becomes possible. We have two very important Weekly Bearish Reversals at 17434 and 17120 level. A weekly closing beneath the 17120 level will signal a sharp sell-off of about 1,000 points or down to the […]
Since our model turned up in March for activity around the Ring of Fire in the Pacific, there have been near-simultaneous earthquakes opposite of each other in the Ring of Fire. An earthquake with a preliminary magnitude of 5.8+ hit the Kumamoto prefecture in southern Japan on April 18, according to the Japan Meteorological Agency. […]
