Author Archive for Zero Hedge

Amazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City


Amazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City

Courtesy of Zero Hedge 

On Thursday morning, Amazon announced that it had reviewed 238 proposals from across the U.S., Canada, and Mexico to host HQ2, the company’s second headquarters in North America, and has has chosen the following 20 metropolitan areas to move to the next phase of the process (in alphabetical order):

  • Atlanta, GA
  • Austin, TX
  • Boston, MA
  • Chicago, IL
  • Columbus, OH
  • Dallas, TX
  • Denver, CO
  • Indianapolis, IN
  • Los Angeles, CA
  • Miami, FL
  • Montgomery County, MD
  • Nashville, TN
  • Newark, NJ
  • New York City, NY
  • Northern Virginia, VA
  • Philadelphia, PA
  • Pittsburgh, PA
  • Raleigh, NC
  • Toronto, ON
  • Washington D.C.

Amazon said it evaluated each of the proposals based on the criteria outlined in the RFP to create the list of 20 HQ2 candidates that will continue in the selection process.

In the coming months, Amazon will work with each of the candidate locations to dive deeper into their proposals, request additional information, and evaluate the feasibility of a future partnership that can accommodate the company’s hiring plans as well as benefit its employees and the local community. Amazon expects to make a decision in 2018.

Commenting on the selection process Holly Sullivan, Amazon Public Policy, said "Thank you to all 238 communities that submitted proposals. Getting from 238 to 20 was very tough – all the proposals showed tremendous enthusiasm and creativity. Through this process we learned about many new communities across North America that we will consider as locations for future infrastructure investment and job creation."

What does the winner get? Well, according to Amazon, HQ2 will be a complete headquarters for Amazon, not a satellite office. The company plans to invest over $5 billion and grow this second headquarters to accommodate as many as 50,000 high-paying jobs.

Echoing Apple's statement yesterday, Amazon said that in addition to Amazon’s direct hiring and investment, construction and ongoing operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community.

And now we expect Trump to tweet his approval in short order, as the president is increasingly seen as a "disruptive" force, as even Bill Blain admitted this morning.

China GDP Beats, Retail Sales Slump (Amid Renewed Fake Data Fears)


China GDP Beats, Retail Sales Slump (Amid Renewed Fake Data Fears)

Courtesy of Zero Hedge

China bond yields rose ahead of the macro data avalanche tonight (following a leaked upside surprise print for GDP). GDP, Industrial Production, and Fixed Asset Investment all beat expectations but Retail Sales missed dramatically – growing at its slowest since Feb 2004.

As a reminder, these numbers are landing amid some renewed concern over the integrity of Chinese data, with a nationwide audit of city and county governments last year finding a slew inflated fiscal revenues.


The last couple of months have seen upside surprises for Chinese data…

Before the data release, an official at the National Development and Reform Commission, China's top economic planner, said GDP rose 6.9% in 2017, according to financial information website


And the data deluge tonight printed as follows…

  • China GDP YoY BEAT: +6.8% vs +6.7% exp (+6.8% prior)
  • China Industrial Production YoY BEAT: +6.2% vs +6.1% exp (+6.1% prior)
  • China Retail Sales YoY MISS: +9.4% vs +10.2%% exp (+10.2% prior) - lowest since Feb 04
  • China Fixed Assets Investment YoY BEAT +7.2% vs +7.1% exp (+7.2% prior)

Visually…the trend is clear…

Offshore Yuan has trod water for the last 3 days, albeit with some volatility within that range…

Chinese stocks have been divergent in the last few days but overnight saw a panic bid rip through CHINEXT (China's small caps and tech index) as crypto-carnage sent many stocks limit down but The National Team appeared to have other ideas…

Stocks in Hong Kong, which have been strong all day, are taking a bit of a leg up after the dat, led by banks.

Notably, PBOC pumps in net 90b yuan through reverse-repurchase operations, taking total injections since Jan. 11 to 720b yuan.. which might help explain the rebound.

Finally, now that we have all the data in from 2017, Bloomberg's Chris Anstey reminds us that the consensus forecast of economists surveyed by Bloomberg is for a 2018 growth rate of 6.4%. To get there, it means we'll need to see a step down in the monthly data for China to decelerate somewhat. Assuming that exports and consumption continue to expand rapidly, that puts the onus on the slowdown potentially on production and investment.

The Creation Of The Spanish Real Estate Bubble


The Creation Of The Spanish Real Estate Bubble

Courtesy of Zero Hedge

Authored by Alexander Alvarez,


  • The euro allowed for easy credit to finance the bubble.
  • Immigration provided labor and customers to the real estate sector.
  • Governments both local and national were complicit in creating the bubble.

The story of the Spanish real estate bubble that popped following the Great Recession started off around the turn of the new millennium when Spain officially joined the Eurozone. At the time, millions of Spaniards celebrated this accomplishment as it was believed that this would be the first step in a new age of prosperity for the country which had suffered a deep recession in the mid-1990s, causing the unemployment rate to rise to a record 24%. Few people at the time could have imagined that this prosperity would end less than a decade later with a far worse recession and an unemployment rate that would break the previous record to reach 27%.

When Spain entered the Eurozone, borrowing rates were higher than those of other Western European countries such as France and Germany; however, those rates quickly aligned themselves as investors believed that Spain would now benefit from the same stability and economic prosperity as that of its Eurozone compatriots. With interest rates falling, banks saw an opportunity to expand their business by targeting non-traditional clients whom could now afford mortgages due to the lower rates. Previously, banks had been limited to going after clients with college degrees whom typically made more money than the average Spaniard, independent business owners with long track records of success, and public sector employees whom benefited from a high level of job stability. The new class of clients however would include construction workers, restaurant employees, factory workers, and practically anyone with a job whose salary was high enough to afford the new lower rate mortgages that banks were now pedaling. Essentially, this meant practically anyone who was employed.

With real estate prices still low and mortgage rates also reaching historic lows, demand quickly began to ramp up.…
continue reading

The Euro Disaster: Failed Monetary Unions, Past & Present


The Euro Disaster: Failed Monetary Unions, Past & Present

Courtesy of Zero Hedge


A glance at history

The beginnings of monetary union can be traced back to attempts to unify the coin standard. Emperor Augustus successfully unified the coins in the Roman Empire – for over 400 years the gold coins were minted almost exclusively with the seal of the Roman Emperor.

The fall of the Roman Empire, caused among other things by its multiculturalism and multinationality, led to the disintegration of the state and to the deterioration of the coin value through a lower proportion of gold or silver.

Until the 19th century, the fragmentation of the right to mint coins to the regional rulers led to the fact that the profit resulting from the creation of money from the difference between metal value and production costs and the value of the coins issued was no longer allocated only to a feudal ruler. In the 19th century, completely new methods of creating money emerged for the ruling classes – paper standards were gradually introduced. The paper standard should no longer be based on gold or silver parity, but should be secured by appropriate policy of the central bank, especially by influencing interest rates.

In the 19th century, monetary unions were developed, on which the idea of the euro was based. All failed.

In 1865, the Latin Monetary Union unified the currencies of France, Italy, Belgium, Greece and Switzerland. A French franc corresponded to an Italian lira, which corresponded to a Belgian franc, etc. Greece and Italy were then as now debtor countries. The Union’s objectives were similar to those of the euro zone today: to simplify trade and make countries more competitive on world markets. Although the value of the coins in the Latin Union was based on a fixed gold or silver standard, paper money were not based on the precious metal parity, so that the member states’ central banks were able to print as much as they wanted. Coins minted in accordance…
continue reading

Watch The State Department Respond As US Ally Turkey Attacks US-Backed Forces In Syria


Watch The State Department Respond As US Ally Turkey Attacks US-Backed Forces In Syria

Courtesy of Zero Hedge

Contradiction has become the norm for US foreign policy over the past many years – an observation that is clear to anyone even remotely paying attention.

On Tuesday the US State Department spokesperson was asked during the daily press briefing about the obvious contradiction inherent in US ally and NATO member Turkey shelling US-backed Kurdish forces in Afrin - the Kurdish held zone in northwest Syria near the Turkish border.

It's not the first time that a US partner force has attacked another US partner force in Syria (and then there's this Vice News headline from 2016 indicating it's sometimes gone three ways: "Three US allies are now fighting each other in northern Syria").

Thus far US military officials have sought to distance themselves from YPG (Kurdish People's Protection Units) operations in Afrin while simultaneously promising to ramp up support for the Kurdish YPG-dominated Syrian Democratic Forces (SDF) throughout the rest of Northern Syria. US Coalition spokesman Col. Ryan Dillon said Tuesday of the Syrian Kurds in Afrin, "We don't support them, we have nothing to do with them" – in what was a clear case of the Pentagon trying to dance around the issue with old-fashioned double speak, pretending as if the Syrian Kurds themselves don't see "Rojava" Kurds as a single entity.

As a Pentagon spokesman recently told Defense One: "The Coalition is working jointly with the Syrian Democratic Forces (SDF) to establish and train the new Syrian Border Security Force (BSF). Currently, there are approximately 230 individuals training in the BSF’s inaugural class, with the goal of a final force size of approximately 30,000."

Turkey's President Recep Tayyip Erdo?an said of the new US-backed Border Security Force, which obviously is to be heavily Kurdish in composition, that it is akin to the US hosting a "terror army" along Turkey's border. Erdo?an has vowed "to strangle it before it’s even born."

Meanwhile Turkey has amassed a huge invasion force to oust the YPG from Afrin Canton, and sporadic fighting and shelling is widely reported to have already begun. This as Secretary of State Rex Tillerson has indicated "the Unites States will remain in Syria" while continuing to train…
continue reading

Skunk Works Exec Hints US Hypersonic Bomber Has “Already Been Made”


Skunk Works Exec Hints US Hypersonic Bomber Has "Already Been Made"

Courtesy of Zero Hedge

Last week we noted that  “hypersonic aircraft and missiles are being developed and tested by the United States, Russia, and China at an accelerating pace.” The race for hypersonic technologies has flourished among global superpowers, who realize that the first to possess these technologies will revolutionize their civilian and military programs.

Curiously, Lockheed Martin’s mysterious Skunk Works team might have just spilled the beans about a completed hypersonic aircraft ready to upgrade the long-retired Mach 3 SR-71 dubbed the “Son of Blackbird.”

Jack O’Banion, Vice President of Strategy and Customer Requirements, Advanced Development Programs for Lockheed Martin, spoke at an aerospace conference last week, where he suggested that the hypersonic SR-72 aircraft might already exist.

While speaking at the American Institute of Aeronautics and Astronautics SciTech Forum, he presented a slide of a digital prototype of the hypersonic aircraft and stated, “ without the digital transformation” from new computing capabilities, the hypersonic aircraft could not have been developed.

“Without the digital transformation the aircraft you see there could not have been made,” O’Banion said, standing on stage. “In fact, five years ago, it could not have been made.”

O’Banion harped on the fact that computer processing power and new computer-aided design software contributed to the new radical design of the scramjet engine.

“We couldn’t have made the engine itself—it would have melted down into slag if we had tried to produce it five years ago,” O’Banion said.

“But now we can digitally print that engine with an incredibly sophisticated cooling system integral into the material of the engine itself, and have that engine survive for multiple firings for routine operation.” The aircraft is also agile at hypersonic speeds, with reliable engine starts, he said.

In the early 2000s, he…
continue reading

White House Chief Of Staff John Kelly Says GOP Has Votes To Avert Shutdown


White House Chief Of Staff John Kelly Says GOP Has Votes To Avert Shutdown

Courtesy of Zero Hedge

White House Chief of Staff John Kelly provoked a flurry of incredulous headlines after a trip to the Hill Wednesday when he reportedly told the Congressional Hispanic caucus that President Trump's campaign promise to build a wall across the southern border was "ill informed."

According to the Washington Post, Kelly told Democratic lawmakers Wednesday that the United States will never construct a physical wall along the entire stretch of the U.S.-Mexico border and that some of President Trump’s campaign promises on immigration were “uninformed.”

Today and earlier in the week, Democrats and Republicans complained that the White House hadn't provided a clear picture of what it wanted out of the immigration deal – though Trump helped clear up some of this confusion in an interview with Reuters that was published Wednesday afternoon.

"I met with them today and had a discussion about a range of issues…I was mostly listening because I've heard them so many other times…as we talked about things and talked about how much he wants to deal with this DACA deal and I told them that there's been an evolutionary process that the president has gone through…and I've pointed out to all of the members who were in the room that they all say things during the course of campaigns that may not be fully informed…"

"…But if you look at the things he's done he's definitely changed his attitude on another of things…he's definitely changed his mind on the DACA issue."

To help provide some clarity as to what he said, Kelly sat for an interview with Bret Baier of Fox News, where he explained that Trump has softened his stance on the wall after listening to experts from US customs who showed how some areas on the border are so difficult to traverse that there's virtually no traffic.

As Kelly explained, Trump's views on the wall have "evolved", as have his views on DACA, because Trump, like any other politician, has seen his views "evolve" since the days of the campaign.

"…Even the wall. Once we briefed him and told him the real experts…came in and did a survey of the

continue reading

This Is How Drug Lords Make Billions Smuggling Gold To Miami


This Is How Drug Lords Make Billions Smuggling Gold To Miami

Courtesy of Zero Hedge

Much of the gold used to make the components for your smartphone, or the gold band for your engagement ring, has a secret criminal history that, before a stunning report published by the Miami Herald on Tuesday, wasn’t widely known to the US public.

In parts of Peru, drug cartels operate illegal gold mines to pull the lucrative gold metal out of the Earth. Much of this inventory is then sold to multinational companies, where illegally harvested gold blends with the legitimate supply from larger, established mines. Some of it ends up in jewelry, in smart phones and even in the vaults of the US Mint, the Federal Reserve and other global central banks, which are liberal buyers of gold.

Like the illegal shipments of cocaine in the Netflix series Narcos, much of the illegal gold flowing into the US enters in Miami. Last year, more than $35 billion in gold cycled through Miami.

And just like cocaine, a market for illicit metal has blossomed in South Florida, where nearly a third of the nation’s imported gold enters.

Over the past decade, Miami, a longtime point of entry into the United States for contraband, imported $35 billion worth of gold via air, according to U.S. Customs records analyzed by WorldCity, a Coral Gables-based economic data firm. That was more than any other U.S. city.

Some of the metal shipped to Miami is refined locally. Other batches are sent across the country to be melted down and manufactured into jewelry and bullion. Central banks around the world are major buyers of gold. So is the U.S. Mint. And electronics companies use small amounts of gold in consumer products because it is an effective conductor and doesn’t corrode.

One way or another, almost everyone has Miami gold in their pockets, portfolios or jewelry boxes.

Simple math shows it can’t all be clean.

Years ago, South American drug smuggling networks realized that they could easily wash billions of dollars in profits through illicit gold mining.

Local governments say the prevalence of illegal gold mining can be seen in the official statistics. Colombia, for…
continue reading

Swedish Police Station Attacked With Hand Grenade


Swedish Police Station Attacked With Hand Grenade

Courtesy of Zero Hedge

A hand grenade was tossed at a police station in Malmo, Sweden, around 9pm on Wednesday, resulting in a "huge explosion" according to local media reports. 

Police spokeswoman Anna Goransson told Swedish publication Aftronbladet: The place is locked off and the bombing group is on its way," adding "Fortunately, no people have been injured, but cars, I cannot say how many, have been damaged."

Authorities have yet to confirm what caused the explosion, but local media are reporting that a hand grenade was used.

Police have not confirmed any arrests so far, but Aftonbladet's photographer said two people have been taken into custody. The detonation took place just as the two suspects approached the station, according to reports.

Police have been placed on high alert and are patrolling various locations across the city.

Local media and authorities have sketched possible connections with a recent spate of attacks on police stations in Sweden. On December 29, a police car was destroyed outside a police station in Malmo. In October, a powerful explosion outside the police station in Helsingborg also caused significant material damage. Following Wednesday night's attack, the Police Association tweeted that "attacks against police must end."

Regional police chief Carina Persson called the attack "completely unacceptable," after visiting the scene of the explosion. "We must continue to work intensively in the fight against the serious crime," she said, vowing to punish the perpetrators.

Grenade attacks in Sweden have been on the rise since 2012, though the rate in 2017 was considerably lower than in previous years, at 10 attacks vs. 34 the previous year.

In 2016,…
continue reading

Jim Rickards Warns: Bursting This Bubble Could Break The World


Jim Rickards Warns: Bursting This Bubble Could Break The World

Courtesy of Zero Hedge

Authored by James Rickards via The Daily Reckoning blog,

The key to bubble analysis is to look at what’s causing the bubble. If you get the hidden dynamics right, your ability to collect huge profits or avoid losses is greatly improved.

Based on data going back to the 1929 crash, this current bubble looks like a particular kind that can produce large, sudden losses for investors.

The market right now is especially susceptible to a sharp correction, or worse.

Before diving into the best way to play the current bubble dynamics to your advantage, let’s look at the evidence for whether a bubble exists in the first place…

My preferred metric is the Shiller Cyclically Adjusted PE Ratio or CAPE. This particular PE ratio was invented by Nobel Prize-winning economist Robert Shiller of Yale University.

CAPE has several design features that set it apart from the PE ratios touted on Wall Street. The first is that it uses a rolling ten-year earnings period. This smooths out fluctuations based on temporary psychological, geopolitical, and commodity-linked factors that should not bear on fundamental valuation.

The second feature is that it is backward-looking only. This eliminates the rosy scenario forward-looking earnings projections favored by Wall Street.

The third feature is that that relevant data is available back to 1870, which allows for robust historical comparisons.

The chart below shows the CAPE from 1870 to 2017. Two conclusions emerge immediately. The CAPE today is at the same level as in 1929 just before the crash that started the Great Depression. The second is that the CAPE is higher today than it was just before the Panic of 2008.

Neither data point is definitive proof of a bubble. CAPE was much higher in 2000 when the bubble burst. Neither data point means that the market will crash tomorrow.

But today’s CAPE ratio is 182% of the median ratio of the past 137-years.

Given the mean-reverting nature of stock prices, the ratio is sending up storm warnings even if we cannot be sure exactly where and when the hurricane…
continue reading


Phil's Favorites

Amazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City


Amazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City

Courtesy of Zero Hedge 

On Thursday morning, Amazon announced that it had reviewed 238 proposals from across the U.S., Canada, and Mexico to host HQ2, the company’s second headquarters in North America, and has has chosen the following 20 metropolitan areas to move to the next phase of the process (in alphabetical order):

  • Atlanta, GA
  • Austin, TX
  • Boston, MA
  • Chica...

more from Ilene

Zero Hedge

Amazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City


Amazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City

Courtesy of Zero Hedge 

On Thursday morning, Amazon announced that it had reviewed 238 proposals from across the U.S., Canada, and Mexico to host HQ2, the company’s second headquarters in North America, and has has chosen the following 20 metropolitan areas to move to the next phase of the process (in alphabetical order):

  • Atlanta, GA
  • Austin, TX
  • Boston, MA
  • Chica...

more from Tyler


How Motivation Works

By joniferdingcong. Originally published at ValueWalk.

In this complimentary webinar, learn about the power of motivation in the workplace from Columbia University Professor of Psychology and Business Tory Higgins, an expert on motivation and decision-making.

]]> Get The Full Henry Singleton Series in PDF

Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

You’ll learn:

- Why “carrots” and “sticks” incentives are not enough to motivate people to do better work
- How promotion-focused and prevention-focused people pursue goals differentl...

more from ValueWalk

Digital Currencies

How a Criminal Defense Attorney Thinks About Crypto Currency


How a Criminal Defense Attorney Thinks About Crypto Currency

Courtesy of 

You are all in for a very special treat today. On the heels of last week’s guest post, in which the Unassuming Banker looked at crypto from a traditional IB’s view, I’ve got a new guest post from a friend of mine who is about to give you a perspective on the nascent asset class you’ve not read before. 


more from Bitcoin

Insider Scoop

5 Biggest Price Target Changes For Wednesday

Courtesy of Benzinga.

  • Goldman Sachs raised Groupon Inc (NASDAQ: GRPN) price target from $4.70 to $5.40. Groupon shares closed at $5.03 on Tuesday.
  • Barclays boosted the price target for Pure Storage Inc (NYSE: PSTG) from $19 to $22. Pure Storage shares closed at $16.16 on Tuesday.
  • Stifel increased the price target for Deere & Company (NYSE: DE) from $161 to $184. Deere shares closed at $167.54 on Tuesday.
  • Mizuho raised the price target on QUALCOMM, Inc. (NASDAQ: ... more from Insider

Chart School

Weekly Market Recap Jan 14, 2017

Courtesy of Blain.

After 3 days of mild “rest” – and the first down day of the year (!!) for the S&P 500, bulls came back with bells on Thursday and Friday, driving indexes to record highs yet again.  This is starting to get “parabolic”… some shades of the type of things we saw in 1999.  (See the S&P 500 and NASDAQ charts below)  The S&P 500 gained 1.6% and the NASDAQ 1.7% for the week.

“This reminds me of January 2000,” said Kent Engelke, chief economic strategist, at Capitol Securities Management, which manages $4 billion in assets, referring to the nearly unceasing climb to records for stocks and the unease it can inspire.  “It’s scary, the unrelenting advance,” he added.

“The move isn’t about fundamentals...

more from Chart School


How Alzheimer's disease spreads throughout the brain - new study

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


How Alzheimer's disease spreads throughout the brain – new study

Courtesy of Thomas E CopeUniversity of Cambridge

Harmful tau protein spreads through networks. Author provided

Alzheimer’s disease is a devastating brain illness that affects an estimated 47m people worldwide. It is the most common cause of dementia in the Western world. Despite this, there are currently no treatments that are effective in curing Alzheimer’s disease or preventing its relentless progressio...

more from Biotech

Mapping The Market

Trump Admin Bans CDC From Using Words Like 'Science-Based,' 'Diversity'

By Jean-Luc

These are the policies of a theocracy, not a modern democracy:

Trump Admin Bans CDC From Using Words Like ‘Science-Based,’ ‘Diversity’

The Trump administration has prohibited the Centers for Disease Control and Prevention (CDC) from using words like “science-based,” “diversity,” and “transgender” in their official documents for next year’s budget, according to the Washington Post.

Senior CDC budget leader Alison Kelly met with the agency’s policy analysts on Thursday to announce ...

more from M.T.M.

Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...

more from Our Members


Swing trading portfolio - week of September 11th, 2017

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 ...

more from OpTrader


NewsWare: Watch Today's Webinar!


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...

more from Promotions

Kimble Charting Solutions

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

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.


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...

more from Kimble C.S.

All About Trends

Mid-Day Update

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...

more from David

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...

Learn more About Phil >>

As Seen On:

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.

Market Shadows >>