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How much longer will Maduro’s grip on power last? Look to the military

by - August 17th, 2017 3:40 am

 

How much longer will Maduro's grip on power last? Look to the military

Courtesy of David Pion-Berlin, University of California, Riverside

If the Venezuelan military withdraws support for President Nicholás Maduro, his end may be near.

A large middle class has been thrust into poverty in Venezuela. Food and medicine are in short supply, and malnourishment is widespread. Security forces have violently beaten back security forces and jailed leading opposition figures.

Reigning over this disaster is Maduro, who was narrowly elected in March of 2013 following the death of leftist leader Hugo Chávez. Amid the stunning decline, many are asking, what will the military do?

My research on civil-military relations in Latin America and other regions finds that a military’s loyalty to a regime can waver when it is confronted with mass protests. If the military grants loyalty to a leader, it comes at a price. But if the armed forces withdraw their support by remaining in their barracks and refusing to silence the protests, the leader’s days are numbered.

Confronting the protesters

In Latin America, the former Soviet Republics and the Middle East, I have found that as the numbers of protesters swell, police often retreat because they are not equipped to contain mass demonstrations. At that point, when the armed forces choose to stay in their barracks rather than head to the streets to enforce order, political leaders quickly fall from power. This was true in every case.

For example, this occurred in Argentina in December 2001 when President Fernando de la Rúa presided over a financial collapse of epic proportions. Citizens could no longer withdraw money from their own checking and savings accounts, resulting in widespread rioting and looting. When the president asked his military to intervene to restore order, they refused. Immediately thereafter, De la Rúa was forced to flee for his life by helicopter from the rooftop of the presidential palace, as throngs of angry protesters descended.

Similar scenarios unfolded during the revolutionary uprisings in Georgia (2003) and Ukraine (2004), and more recently in Tunisia (2010) and Egypt (2011) during the Arab Spring. After the military in each of those countries made it known it…
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Absurd Inflation Discussion by Fed Jackasses

by - August 16th, 2017 8:47 pm

Courtesy of Mish.

Minutes of the July 25-26 FOMC Meeting show internal concern over the Fed’s inability to hit 2% inflation.

I counted 89 instances of “inflation” and 79 instances of “2”. As sub-categories of 2, there were 27 instances of “2 percent” and eight instances of “below 2”.

“Longer” came up 26 times. “Transitory”, a previous standout, only came up twice. “Idiosyncratic” a new buzzword courtesy of the Cleveland Fed, came up once.

Transitory

  • Beyond 2017, the forecast was little revised from the previous projection, as the recent weakness in inflation was viewed as transitory.
  • Some members stressed the importance of underscoring the Committee’s commitment to its inflation objective. These members emphasized that, in considering the timing of further adjustments in the federal funds rate, they would be evaluating incoming information to assess the likelihood that recent low readings on inflation were transitory and that inflation was again on a trajectory consistent with achieving the Committee’s 2 percent objective over the medium term.

2 Percent 

  • Market participants also took note of the summary in the June minutes of the Committee’s discussion of the progress toward the Committee’s 2 percent longer-run inflation objective and the extent to which recent softness in price data reflected idiosyncratic factors.
  • The staff continued to project that inflation would increase in the next couple of years and that it would be close to the Committee’s longer-run objective in 2018 and at 2 percent in 2019.
  • On a 12‑month basis, both overall inflation and the measure excluding food and energy prices had declined and were running below 2 percent.
  • In light of continued low recent readings on inflation, participants expected that inflation on a 12-month basis would remain somewhat below 2 percent in the near term. However, most participants judged that inflation would stabilize around the Committee’s 2 percent objective over the medium term.
  • Still, most participants indicated that they expected inflation to pick up over the next couple of years from its current low level and to stabilize around the Committee’s 2 percent objective over the medium term. Many participants, however, saw some likelihood that inflation might remain below 2 percent for longer than they currently expected, and several indicated that the risks to the inflation outlook could be tilted to the downside.
  • Participants agreed that a

…
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#SomethingMatters

by - August 16th, 2017 8:14 pm

Just another tipping point, or a real one?

#SomethingMatters

Courtesy of 

The hashtag #NothingMatters had become a sort of shorthand for “Oh my god, how is this actually happening” among normal people from both sides of the political spectrum over the last year. The outrages and insults to the norms of our democracy and our way of life, too numerous and widely known to list here, would be greeted with a semi-sarcastic #nothingmatters and then we’d move on to the next insane thing, and then the next.

But apparently, something matters.

You can’t expect members of the Fortune 500 and representatives of the labor unions to stick around when you equivocate in the aftermath of Nazis murdering someone. You can be an atrocious person and perhaps the worst leader this country has ever known, and you can get away with a whole lot of shit, but not Nazi sympathy.

Nice to know there’s still a line somewhere. I was beginning to think that there wasn’t. “He doesn’t really mean it, come on…” 

Over the last few days, members of the President’s “American Manufacturing Council” began to drop off and openly criticize the President’s outrageous response to the Charlottesville incident. One by one, they announced their resignations and told their constituents (employees, shareholders, customers) why. They had no choice, whether because of conscience or because of business pressures or some combination of both, it doesn’t matter. You cannot run a multi-national corporation with employees of every background and customers around the world if you’re tacitly supporting Nazi and KKK sympathizers.

By lunchtime today, the “Strategic Council” (the one with all the Wall Street people like Jamie Dimon, Steve Schwarzman and Larry Fink) had unanimously agreed to disband and liquidate. And then Trump came out and acted like it was his idea and claimed to be disbanding it himself. It probably saved him the humiliation of another two dozen public announcements about how inappropriate and disgusting his response was.

One thing we as Americans can count on, and I don’t mean this cynically, is that money talks and bullshit walks. As Puff Daddy used to admonish the aspiring rappers on his reality show – it’s all

…
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Tracing the sources of today’s Russian cyberthreat

by - August 16th, 2017 3:57 pm

 

Tracing the sources of today's Russian cyberthreat

Courtesy of Dorothy Denning, Naval Postgraduate School

File 20170810 27649 a7n4re

Who’s inside the hoodie? BeeBright/Shutterstock.com

Beyond carrying all of our phone, text and internet communications, cyberspace is an active battleground, with cybercriminals, government agents and even military personnel probing weaknesses in corporate, national and even personal online defenses. Some of the most talented and dangerous cybercrooks and cyberwarriors come from Russia, which is a longtime meddler in other countries’ affairs.

Over decades, Russian operators have stolen terabytes of data, taken control of millions of computers and raked in billions of dollars. They’ve shut down electricity in Ukraine and meddled in elections in the U.S. and elsewhere. They’ve engaged in disinformation and disclosed pilfered information such as the emails stolen from Hillary Clinton’s campaign chairman, John Podesta, following successful spearphishing attacks.

Who are these operators, why are they so skilled and what are they up to?

Back to the 1980s

The Russian cyberthreat dates back to at least 1986 when Cliff Stoll, then a system administrator at Lawrence Berkeley National Laboratory, linked a 75-cent accounting error to intrusions into the lab’s computers. The hacker was after military secrets, downloading documents with important keywords such as “nuclear.” A lengthy investigation, described in Stoll’s book “The Cuckoo’s Egg,” led to a German hacker who was selling the stolen data to what was then the Soviet Union.

By the late 1990s, Russian cyberespionage had grown to include the multi-year “Moonlight Maze” intrusions into U.S. military and other government computers, foretelling the massive espionage from Russia today.

The 1990s also saw the arrest of Vladimir Levin, a computer operator in St. Petersburg. Levin tried to steal more than US$10 million by hacking Citibank accounts, foreshadowing Russia’s prominence in cybercrime. And Russian hackers defaced U.S. websites during the Kosovo conflict, portending Russia’s extensive use of disruptive and damaging cyberattacks.

Conducting advanced attacks

In more recent years, Russia has been behind some of the most sophisticated cyberattacks on record. The 2015 cyberattack…
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Trump’s threat to withdraw from NAFTA may hit a hurdle: The US Constitution

by - August 16th, 2017 2:53 pm

 

Trump's threat to withdraw from NAFTA may hit a hurdle: The US Constitution

Courtesy of Tim Meyer, Vanderbilt University

File 20170815 6110 1uokhee

The Constitution may burst Trump’s threat to withdraw from NAFTA. AP Photo/Mel Evans

Tim Meyer, Vanderbilt University

On Aug. 16, representatives of the U.S., Canada and Mexico formally begin renegotiating the North American Free Trade Agreement (NAFTA), an accord that has governed matters of trade and security on the continent for 23 years.

President Donald Trump has repeatedly threatened to withdraw the United States from NAFTA and similar trade agreements if other nations are unwilling to renegotiate to terms he likes.

Whether you agree with him or not, his threat to unilaterally back out of NAFTA and other trade deals on his hit list may be a hollow one for a simple reason: the U.S. Constitution.

Our country’s founding document places limits on a president’s ability to cease complying with the provisions of a U.S. trade agreement – absent congressional approval.

President Trump met with Mexican President Enrique Pena Nieto at the G20 Summit in Hamburg in July. AP Photo/Evan Vucci

A perfect negotiating strategy

The U.S. recently released its objectives for renegotiating NAFTA. The threat to withdraw if those objectives are not met is an element of the U.S. negotiating strategy that deserves attention.

President Trump comes to the table after repeatedly declaring his intention to scrap NAFTA during the campaign and reportedly going as far as to prepare an executive order in April to begin withdrawal.

Despite the apparent change of heart, he insists that he stands prepared to terminate NAFTA if he is “unable to make a fair deal.”

Although NAFTA has been the main target of Trump’s displeasure, it’s not the only one.

The president said roughly the same thing about the U.S.-South Korea Free Trade Agreement (known as KORUS), declaring that “we are going to renegotiate that deal or…
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Does biology explain why men outnumber women in tech?

by - August 16th, 2017 2:48 pm

 

Does biology explain why men outnumber women in tech?

Courtesy of Alice H. Eagly, Northwestern University

File 20170815 6110 1og4pid

Who’s missing from this picture? Lawrence Sinclair, CC BY-NC-ND

It’s no secret that Silicon Valley employs many more men than women in tech jobs. What’s much harder to agree on is why.

The recent anti-diversity memo by a now former Google engineer has pushed this topic into the spotlight. The writer argued there are ways to explain the gender gap in tech that don’t rely on bias and discrimination – specifically, biological sex differences. Setting aside how this assertion would affect questions about how to move toward greater equity in tech fields, how well does his wrap-up represent what researchers know about the science of sex and gender?

As a social scientist who’s been conducting psychological research about sex and gender for almost 50 years, I agree that biological differences between the sexes likely are part of the reason we see fewer women than men in the ranks of Silicon Valley’s tech workers. But the road between biology and employment is long and bumpy, and any causal connection does not rule out the relevance of nonbiological causes. Here’s what the research actually says.

Is she a computer natural? Micah Sittig, CC BY

Are girls just born less suited for tech?

There is no direct causal evidence that biology causes the lack of women in tech jobs. But many, if not most, psychologists do give credence to the general idea that prenatal and early postnatal exposure to hormones such as testosterone and other androgens affect human psychology. In humans, testosterone is ordinarily elevated in males from about weeks eight to 24 of gestation and also during early postnatal development.

Ethical restraints obviously preclude experimenting on human fetuses and babies to understand the effects of this greater exposure of males to testosterone. Instead, researchers have studied individuals exposed to hormonal environments that are abnormal because of unusual genetic conditions or hormonally active…
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Housing Starts Unexpectedly Sink, Multi-Family in Huge 34% Retreat Year-Over-Year

by - August 16th, 2017 12:41 pm

Courtesy of Mish.

Construction spending for the second quarter is off to a slow start as judged by housing starts. The Econoday consensus was for a 1% rise. Instead, starts declined nearly 5% from the initial June report, now revised lower.

Construction Indicators Slide

Mortgage News Daily reports Construction Indicators Slide, Housing Starts Suffer.

After posting unexpectedly high numbers in June, all three residential construction indicators lost ground in July, and one, housing starts, is now running below its year-ago rate. While the softening is primarily in the multi-family sector, starts have declined in four of the last five months and permits in three of the last four.

The U.S. Census Bureau and the Department of Housing and Urban Development said privately owned housing starts were at a seasonally adjusted annual rate of 1,155,000 units, a 4.8 percent decline from June’s estimate of 1,213,000, which was revised down from 1,215,000. July starts were down 5.6 percent from the 1,223,000-unit annual rate in July 2016.

Starts failed to meet even the lowest predictions of analysts polled by Econoday. Their estimates ranged from 1.174 million to 1.250 million with a consensus of 1.225 million.

Single family starts were at a rate of 856,000, down 0.5 percent from a month earlier but 10.9 percent higher than the same month in 2016. Multifamily starts plunged 17.1 percent to 287,000 units and are down 35.2 percent year-over-year.

The performance of permits was like that of housing starts, down 4.1 percent to a seasonally adjusted annual rate of 1,223,000 units. Permits however held on to an annual increase of 4.1 percent. The June permitting rate was revised higher, from 1,254,000 to 1,275,000.

Analysts had expected permits to decline, with a consensus estimate of 1.246 units. Here again the drop was outside the low end of the range of 1.230 to 1.270 million units.

Authorizations for single-family homes were at a seasonally adjusted rate of 811,000, unchanged from June and 13.0 percent higher on an annual basis. Multi-family permits were 12.1 percent lower than the previous month at 377,000. This was down 11.7 percent year-over-year.

Permits

Starts

Units Under Construction


Continue reading here…



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Both Wall Street and Its Regulators Fire Whistleblowers

by - August 16th, 2017 9:51 am

Courtesy of Pam Martens

William Dudley, President of the New York Fed

William (Bill) Dudley, President of the New York Fed

According to continuing reports from the trenches, buttressed by a Bloomberg News article out today by Neil Weinberg, Wall Street’s largest firms are still firing whistleblowers for having the temerity to bring corrupt conduct to their superiors’ attention — despite whistleblower protection statutes embedded in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.

One Dodd-Frank provision expressly prohibits retaliation against whistleblowers and provides whistleblowers legal remedies if they are discharged or retaliated against. Another section provides potentially hefty awards through the Securities and Exchange Commission (SEC) if the whistleblower provides original information leading to a successful enforcement action that results in sanctions of over $1 million.

Just this past April, the Board of Barclays, a big player on Wall Street, had to admit that it had hired an outside law firm to investigate its own CEO’s handling of a whistleblower. At the time, Jes Staley had been CEO of Barclays for just 15 months but had formerly spent three decades in executive positions at America’s largest Wall Street bank – JPMorgan Chase. According to the official statement released by Barclays, Staley had gone on the hunt to root out the identity of an internal whistleblower who had sent anonymous letters regarding a colleague. Staley had the audacity to use both an internal security group at the bank and U.S. law enforcement in his effort to unmask the whistleblower. Staley was not fired for his conduct – he was simply given a written reprimand by the Board and had his bonus cut.

Barclays pled guilty in 2015 for participating in a cartel to rig foreign exchange rates in a criminal prosecution brought by the U.S. Justice Department. Citicorp, a unit of Citigroup, and JPMorgan Chase & Co. also admitted to the felony charge in the same matter. All three banks have also been the subject of charges of whistleblower abuse. (The Royal Bank of Scotland also pled guilty in the same matter.) On the same day that the Justice Department brought the charges against the other four banks for rigging foreign exchange rates, it brought a felony charge for rigging the interest rate benchmark known…
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Why We’re Doomed – Our Economy’s Toxic Inequality

by - August 16th, 2017 9:34 am

Courtesy of Charles Hugh Smith, OfTwoMinds blog

Why are we doomed? Those consuming over-amped "news" feeds may be tempted to answer the culture wars, nuclear war with North Korea or the Trump Presidency.

The one guaranteed source of doom is our broken financial system, which is visible in this chart of income inequality from the New York Times: Our Broken Economy, in One Simple Chart.

While the essay's title is our broken economy, the source of this toxic concentration of income, wealth and power in the top 1/10th of 1% is more specifically our broken financial system.

What few observers understand is rapidly accelerating inequality is the only possible output of a fully financialized economy. Various do-gooders on the left and right propose schemes to cap this extraordinary rise in the concentration of income, wealth and power, for example, increasing taxes on the super-rich and lowering taxes on the working poor and middle class, but these are band-aids applied to a metastasizing tumor: financialization, which commoditizes labor, goods, services and financial instruments and funnels the income and wealth to the very apex of the wealth-power pyramid.

Take a moment to ponder what this chart is telling us about our financial system and economy. 35+ years ago, lower income households enjoyed the highest rates of income growth; the higher the income, the lower the rate of income growth.

This trend hasn't just reversed; virtually all the income gains are now concentrated in the top 1/100th of 1%, which has pulled away from the top 1%, the top 5% and the top 10%, as well as from the bottom 90%.

The fundamental driver of this profoundly destabilizing dynamic is the disconnect of finance from the real-world economy.

The roots of this disconnect are debt: when we borrow from future earnings and energy production to fund consumption today, we are using finance to ramp up our consumption of real-world goods and services.

In small doses, this use of finance to increase consumption of real-world goods and services is beneficial: economies with access to credit can rapidly boost expansion in ways that economies with little credit cannot.

But the process of financialization is not benign. Financialization turns evertything into a commodity that can

…
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India Bans Gold Exports “Without a Valid Reason”

by - August 16th, 2017 5:26 am

Courtesy of Mish.

In addition to its crackdown on cash, India stepped up its attack on gold. The aim is to cut down on gold imports. India does that in a roundabout way, by cracking down on exports.

india-gold

Bloomberg reports India Bans Gold Exports Above 22 Carats to Plug Trade Loopholes.

India has banned the export of gold products with purity above 22 carats with immediate effect, a move that the industry sees as a way of curbing irregularities in the trade.

The Directorate General of Foreign Trade issued a notice limiting shipments of jewelry, coins and medallions to 22 carats or below, without giving a reason.

“The move may be to reduce round-tripping of jewelry and coins, wherein a trader can import the gold coins or jewelry at a lower import tax because of trade agreements with some countries and re-export the same stock without any value addition,” said Ketan Shroff, joint secretary of the India Bullion and Jewellers Association Ltd. The exporters would benefit from not paying the 10 percent import tax currently levied on most inbound shipments of gold, he said.

Indian imports are said to have more than doubled last month from a year ago partly due to a jump in purchases from South Korea, with which India has a free-trade agreement. Importers have previously used free-trade treaties with countries such as Thailand and Indonesia to escape the import duty.

Round-Trip Nonsense

The stated round-trip reason is nonsense. If a vendor imported gold then immediately exported it, there would be no gain to the vendor other than random price fluctuations.

Prior to this announcement, a vendor could purchase gold and hold it until he had a profit, betting either on a price rise in gold, or a plunge in the Indian Rupee.

The new rule is not a crackdown on gold exports, it’s a crackdown on gold period. India wants to punish those who trade in gold.

Mike “Mish” Shedlock


Original article here.



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How much longer will Maduro's grip on power last? Look to the military

August 17th, 2017 3:40 am

 

How much longer will Maduro's grip on power last? Look to the military

Courtesy of David Pion-Berlin, University of California, Riverside

If the Venezuelan military withdraws support for President Nicholás Maduro, his end may be near.

A large middle class has been thrust into poverty in Venezuela. Food and medicine are in short supply, and malnourishment is widespread. Security forces have violently beaten back security forces and jailed leading opposition figures.

Reigning over this disaster is Maduro, who ...



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Zero Hedge

Spanish Bond Yields Plunge To Record Lows As 'Economy Improves' (Just Don't Tell The Nation's Youth)

August 17th, 2017 2:45 am

Courtesy of ZeroHedge. View original post here.

Spain’s two-year bond yields have collapsed to a record low -35bps this week and Portugal's followed suit, plunging near record low levels as Draghi's "whatever it takes" has benefitted all those front-running bondholders but left youth unemployment hovering still near record-high levels.

...

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ValueWalk

Q2/H1 Hedge Fund Letters - Letters, Conferences, Calls, And More

August 17th, 2017 2:05 am

By Jacob Wolinsky. Originally published at ValueWalk.

The Q2 / H1 hedge fund letters page is now up – as mentioned last time this will be more of a hedge fund news resource page. While the bulk and majority of the content will be about letters, we will also have links to conferences, feature stories and related hedge fund resources that may be of interest.

This post was started on July 1st 2017 as we like to get the hedge fund news up right away, but as the quarter just ended and we frequently update posts even six months after a time period has passed make sure to check back.

As always, before getting into the nitty gritty of hedge fund news and material we must state to protect ourselves from trolls that the links are not an endorsement whatsoever nor does any omission mean anything, besides for the fact that we do not find the letter interesting/n...



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Digital Currencies

Ukrainian Lawmakers Disclose $45 Million In Bitcoin Holdings

August 16th, 2017 2:45 am

Courtesy of ZeroHedge. View original post here.

As Ukraine's crackdown on corruption continues, three lawmakers from Ukraine’s ruling party revealed this week that they own a combined $45 million in bitcoin, according to a report by RIA Novosti, a Russian foreign news service.

Their holdings came to light during mandatory financial disclosures by members of the Ukrainian parliament, part of an IMF-approved strategy to tamp down corruption in Ukraine. The country's democratic institutions, which were never very robust to begin with, have been further destabilized by...



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Insider Scoop

Home Depot Called 'The Best House' On The Retailer Block

August 16th, 2017 12:00 am

Courtesy of Benzinga.

Related HD Counting the Minutes: Fed Eyed For Possible Hints Of Balance Sheet Plans, Rate Hike Benzinga's Top Upgra...

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Chart School

Time to Short?

August 15th, 2017 5:11 pm

Courtesy of Declan.

We had the profit taking sell-off and then the bounce but is now the time for shorts to come in more aggressively? After yesterday's gapped gains there was a significant slow down in the market advance. This action presents an opportunity for shorts to attack.

The Semiconductor Index is one of the most attractive indices for shorts. The massive June bearish engulfing pattern remains dominant and offers guidance going forward. Tuesday's doji has the makings of a bearish harami cross.  Technicals are bearish and aligned in shorts favor.

...

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OpTrader

Swing trading portfolio - week of August 14th, 2017

August 14th, 2017 10:46 am

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Biotech

Editing human embryos with CRISPR is moving ahead - now's the time to work out the ethics

August 3rd, 2017 3:49 am

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

Editing human embryos with CRISPR is moving ahead – now's the time to work out the ethics

Courtesy of Jessica Berg, Case Western Reserve University

There’s still a way to go from editing single-cell embryos to a full-term ‘designer baby.’ ZEISS Microscopy, CC BY-SA

The announcement by researchers in Portland, Oregon that they’ve successfully modified the genetic m...



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Members' Corner

Why we need to act on climate change now

July 18th, 2017 9:51 pm

 

Why we need to act on climate change now

Interview with Jan Dash PhD, by Ilene Carrie, Editor at Phil’s Stock World

Jan Dash PhD is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist's Approach, Jan devotes a chapter to climate change and its long-term systemic risk. In this article, Ilene interviews Jan regarding his thoughts on climate change and the way it can affect our futu...



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Mapping The Market

The App Economy Will Be Worth $6 Trillion in Five Years

June 27th, 2017 7:41 pm

Courtesy of Jean-Luc

This would be excellent news for AAPL and GOOG to a lesser extent although not inconsequential:

The App Economy Will Be Worth $6 Trillion in Five Years 

In five years, the app economy will be worth $6.3 trillion, up from $1.3 trillion last year, according to a report released today by app measurement company App Annie. What explains the growth? More people are spending more time and -- crucially -- more money in apps. While on average people aren't downloading many more apps, App Annie expects global app usership to nearly double to 6.3 billion people in the next five years while the time spent in apps will more than double. And, it expects the...



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Promotions

NewsWare: Watch Today's Webinar!

June 7th, 2017 6:28 pm

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

May 18th, 2017 8:38 am

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

May 13th, 2016 2:40 pm

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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FeedTheBull - Top Stock market and Finance Sites


About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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