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June 2012 | Page 4 of 5 | Elliott Wave Analytics

  • Risks To The Market Rebound!
    By on June 10, 2012 | No Comments  Comments
    Following up on yesterday’s post, “Forecasting the Rebound and the Bottom”, this interview with Art Cashin follows the same analsyis and logic.  I agree with Art that the rally is likely to be short lived as hopes for resolutions in Europe fade.  The reality is that while easing ...
  • The Solution Is Collapse.
    By on June 10, 2012 | No Comments  Comments
    So the root problem is the system, human nature, blah blah blah. There are no solutions that can fix those defaults. Thus the solution is collapse. Policies create incentives and disincentives.Some are intended, some fall into the category of unintended consequences. Regardless of their intention, p...
  • China: What The Surprise Rate Cut Means!
    By on June 10, 2012 | No Comments  Comments
    China surprised economists today with a surprise cut in interest rates by a quarter point, the first cut in rates since 2008.  Just a couple of months ago, few analysts had forecast that Beijing would cut rates, believing that China was on track for a “soft landing”. But after growth slowed to ...
  • No Capitulation = No Bottom!
    By on June 9, 2012 | No Comments  Comments
    Wash, rinse, repeat—that has been the script since 2010. Fading monetary and fiscal stimulus leads to a slowdown as economies can’t support themselves and then in come central banks to the rescue and off we go! We are currently in the period in which the third round of global monetary stimulus ...
  • Gold Still Sluggish
    By on June 9, 2012 | No Comments  Comments
    On April 27 I wrote an article titled, Gold At A Decision Point, wherein I observed conditionally that things looked favorable for the start of another leg up. Since then, the technical picture has improved slightly, but it still feels like a struggle. ——————̵...
  • Of Currencies and Global Capital Flows
    By on June 8, 2012 | 2 Comments2 Comments  Comments
    As we move into the summer of 2012, we once again find ourselves in a world of heightened asset price volatility, concerns over European governments and the Euro banking system as a whole, as well as clear economic slowing in the emerging economies. As you’ll remember, we lived with very similar ...
  • Commercial Real Estate: PIIGS Getting Roasted!
    By on June 7, 2012 | 2 Comments2 Comments  Comments
    A few months ago, I warned all to ‘Watch As Near Free Money To Banks Fails To Prevent Nuclear Winter For European CRE’. This warning was an offshoot of the extensive research that I did on the European banking sector, sovereign debt and CRE. In a nutshell, I said It appears as if there ...
  • Social Network Bubble: Wall Street Wins, You Lose!
    By on June 7, 2012 | 2 Comments2 Comments  Comments
    We warned of a social network tech bubble 2.0 over a year ago due to the hype and overvaluation of Facebook based on the reported deals by Goldman Sachs and a Russian investment firm–Digital Sky Technologies on the secondary gray market.  At that time, the two deals valued Facebook at about ...
  • Deja Vu: How Sovereigns Zombied Their Banks!
    By on June 7, 2012 | No Comments  Comments
    Last week I penned ‘Sophisticated Ignorance Part 2: Pressuring Germany To Do The Wrong Thing Is A Short Seller’s Dream’, wherein I continued the argument that serial bailouts of banks whose assets dwarf domicile GDPs has never, ever worked. Part and parcel to said argument was Germ...
  • Market Technicals: 2010-2011 Redux Suggest New Lows A...
    By on June 7, 2012 | No Comments  Comments
    With the market’s decline over the past week our longer term survey (200 day moving average evaluation) worsened with the long term trend of the market close to being downgraded another notch from neutral-bearish to bearish. Our more sensitive MATA survey fell meaningful from the prior week which...
  • Forecasting The Rebound And Bottom.
    By on June 7, 2012 | 2 Comments2 Comments  Comments
    Last night on the radio show I said that the market would likely get a very strong bounce today due to the hints that QE 3 was on the way as Jon Hilsenrath of the WSJ hit the wires with last night stating “Disappointing U.S. economic data, new strains in financial markets and deepening worries...
  • Part II: Global Gold-Mining Trends
    By on June 6, 2012 | 2 Comments2 Comments  Comments
    It wasn’t long ago that global gold-mine production had fallen to alarming lows.  In 2008 this bellwether supply source was on the heels of a 5-year 13% decline, offering the markets its lowest output in 12 years.  And this precipitous plunge had left folks scratching their heads considering gol...
  • Recession: ECRI Weekly Leading Index Declines Further
    By on June 6, 2012 | 1 Comment1 Comment  Comments
    The Weekly Leading Index (WLI) of the Economic Cycle Research Institute (ECRI) dropped to 122.4 from last week’s 123.0 (a slight downward revision of 123.1). See the fifth chart below. The WLI growth indicator also slipped, now at -0.6 as reported in Friday’s public release of the data t...
  • Market Internals Unravel: 56 NEW Sell Signals!!
    By on June 5, 2012 | No Comments  Comments
    After a relatively flat day on Monday, following a sharp decline to close out the previous week you might have expected that the major technical damage would have already been done by now, right?.  Wrong.  Whilst markets spent a good part of Monday probing key support levels near the 1275 and the ...
  • Fix Nothing Chickens Coming Home To Roost!
    By on June 5, 2012 | 4 Comments4 Comments  Comments
    When the real problems are masked with fake solutions, then the chickens eventually come home to roost and we wake up to the reality that the fake solutions have only made things much worse. The reality that the global Status Quo has fixed absolutely nothing in four years is finally coming to roost ...
  • Flash Alert: New Special Currency Opportunity Report...
    By on June 4, 2012 | 2 Comments2 Comments  Comments
    Today we are issuing a new currency special opportunity flash alert for two popular and commonly traded currencies. From the daily video updates we have become well aware of the unique convergence of highly reliable technical indicators have been developing in these specific 2 currencies over recent...

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