Happy 4th of July The King is Dead – Long Live Career Politicians Also for Life (Note: Not so sure we actually won something. Back to taxation with no representation)
The talk behind the curtain is that the fix with the Justice Department and Obama is in. Proof that the whole EMAIL scandal with Clinton is already fixed will be that the the FBI will clear her by the Democratic Convention the week of July 25th. Once that takes place, this will confirm this is […]
QUESTION: Dear Mr Armstrong. I attended the Berlin conference and already enrolled for Orlando as well. I have a question regarding the EURO. It is obvious that the EU cannot be sustained as is. I think, so far, I do understand the decline of the EURO. We see it happen. But Germany and France are vigorously […]
The pound has remained in a sideways band and is trading near the low of the decline. Our Weekly Bearish Reversals were 13540, 13507, 13340, and 13044. After that, we have reversals in the 128-127 level, 125, and 120. We have elected the first three closing Friday at 132.75. Technically, we have support down below 130 for […]
Austria’s Constitutional court has ordered that the May’s presidential election be completely annulled. A new election must be held because of “particularly serious cases” of voting fraud that was detected in the vote. If the election is not rigged, then we may have another country seek to exit the EU or give them a good […]
The dishonesty never ends. The Attorney General Loretta Lynch has proven she is not trustworthy and playing games. She now says she will accept the recommendations of career prosecutors and the FBI director on whether to charge Hillary Clinton for mishandling emails. But the FBI director is also appointed by Obama and is subordinate […]
The first day of the second half of 2016 and it starts with a whimper. Yes, The Nikkei and Shanghai were marginally better bid (China PMI marginally lower 50 v’s 50.1 previously) but with the Hang Seng closed there was really not that much to write home about. The Japanese data was a little better and we saw a […]
The euro closed for June on the cash feed at 11095, which was just a hair under the May low of 11098. This is not a Reversal, but merely a technical indication of weakness. Support during July lies at the 10880-10810 area, and resistance begins at 11220 and 11440 with the major technical resistance way […]
