Author Archive for Chart School

Dow Jones cycle update and are we there yet?

Courtesy of Read the Ticker

dow-jones-cycle-update-and-are-we-there-yetToday the Dow and the SP500 are making new all time highs. However all long and strong bull markets end on a new all time high. Today no one knows how many new all time highs are to go, maybe 1 or 100+ more to go, who knows! So are we there yet?

readtheticker.com combine market tools from Richard Wyckoff, Jim Hurst and William Gann to understand and forecast price action. In concept terms (in order), demand and supply, market cycles, and time to price analysis. 

Cycle are excellent to understand the wider picture, after all markets do not move in a straight line and bear markets do follow bull markets. 

CHART 1: The Dow Jones Industrial average with the 900 period cycle.

A) Red Cycle: The 900 period cycle (or 880) is the dominate cycle in the Dow Jones. 

B) Notice how the cycle low 1,2,3 and hash [#] is timed with market recession (in order): 1982, 1991, 2001, 2008 (out of sync). The last has a recession forecast for late 2020 or 2021 [a maybe].

C) CAUSE 1, CAUSE 2 and CAUSE 3 are the normal stepping stones of Richard Wyckoff cause and effect logic. Very typical price action: market rallies, consolidation, rallies, consolidation, you guess it, it rallies. Of course if a rally does not follow a consolidation then the ’cause and effect’ confidence trend is broken. So far this is has not happened. This is why one can not be bearish to any strong degree, the bullish status quo continues.

D) RTT Momentum reflects price momentum relative to the cycle. The current position of momentum is elevated and bullish.

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Dow Cycle

CHART 2: Below is the Richard Wyckoff Point and Figure 1 to 3 risk reward forecast.

A) As the above Dow Jones cycle suggest markets are still bullish, and CAUSE 3 forecast suggest the SP500 can reach at least 3,400
B) And why not, price has done this twice before.

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SP500 PnF Forecast

The $64,000 dollar question is next.

Question: Is the above cycle a mid or late cycle event?

A late cycle event is when…
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Gold Gann and Cycle Review

Courtesy of Read the Ticker

gold-gann-and-cycle-reviewGold has performed well, golden skies are here again. In fact it has been a straight line move, and this is typically unusual and a pause can be expected.

It seems the markets are happy again, new highs in the SP500, US 10 year interest rates look to re bound, negative interest may soften. The US FED has reversed their QT and now doing $250BN (not QE) repo. The main point is the FED has stopped QT, and will do QE forever. The evidence now is the FED put is under market risk and the possibility of excessive losses do not exist. 

Point: If in future if there is market risk, the FED will print it's way out of it.
Subject To: In this blog view. The above is so until the amount required rocks confidence in the US dollar as a reserve currency. 

Gann Chart review.

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Gann gold

 

Cylce Chart Review

 

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Gold Cycle
 

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann AnglesCyclesWyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

.."Thus, I affirm, every class of phenomena, whether in nature or in the stock market, must be subject to the universal law of causation and harmony. Every effect must have an adequate cause."..

William D Gann

..“The main purpose of the stock market is to make fools of as many men as possible”..

Bernard Baruch


.."If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"..

John (Jack) Bogle

.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..

Kenneth Chang

.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..

Mark Twain
 





RTT browsing latest..

Courtesy of Read the Ticker

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Sunday, 09 June 2019, 08:53:36 AM

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Comment:
Look away, nothing to see here!

Date Found: Sunday, 09 June 2019, 08:41:52 PM

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Comment:
The Fat Pitch: Yield Curve Risk

Date Found: Tuesday, 11 June 2019, 08:12:16 AM

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Comment:
History rhymes… FED controlled demolition, The will call the next crash – Building 7 Crash (ref 9/11)

Date Found: Tuesday, 11 June 2019, 08:16:49 AM

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Comment:
david jensen Austian True Money Supply signals another major warning

Date Found: Monday, 17 June 2019, 08:31:47 AM

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Comment:
Singapore Electronic exports plunge like 2009 – World Recession tic tic

Date Found: Sunday, 23 June 2019, 04:54:42 PM

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Comment:
Leading Index Near Recessionary Warning – UPFINA

Date Found: Monday, 24 June 2019, 07:16:34 PM

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Comment:
Gold going up with more NEGATIVE YIELDING debt!

Date Found: Wednesday, 26 June 2019, 08:54:58 AM

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Comment:
Well this is nuts, and AMZON Price is $1878 June 26th 2019 – Nutz!

Date Found: Saturday, 29 June 2019, 10:05:21 PM

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Comment:
$USD bearish, gold and BTC bullish

Date Found: Sunday, 30 June 2019, 01:49:02 AM

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Comment:
Gold stocks have room to move!

Date Found: Wednesday, 03 July 2019, 08:11:48 PM

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Here is why Bitcoin jumped 20% (2019-10-25)

Courtesy of Read the Ticker

here-is-why-bitcoin-jumped-20-20191025If you are having trouble finding the news behind the bitcoin price move, don't fret here is the answer.

1) Gold and silver starting to react to US FED repo non QE US Dollar creation.

2) Congress questioning of Zuck on Libra did not surprise.

3) Bitcoin price hit trusted outer demand channel line (see chart below).

The answer is mostly (3), of course to monitor price action near channels you must chose your charting software carefully, to ensure it draws true and accurate channels correctly. readtheticker.com does this well. 

 

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BTC Bitcoin
 

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann AnglesCyclesWyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…
 

…"I was brutal in self-analysis. He told his sons his conclusions: “Successful trading is always an emotional battle for the speculator, not an intelligent battle.”…He knew that his biggest enemy was his own emotions."…

Jesse Livermore

..“I buy on the assumption they could close the market the next day and not reopen it for five years” and “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”..

Warren Buffet

.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..

Kenneth Chang

.."If past history was all there was to the game, the richest people would be librarians"..

Warren Buffett

..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”…

Bernard Baruch





Gold Stocks Review

Courtesy of Read the Ticker

gold-stocks-reviewGold stocks are swinging back forth between the range, and a break out swing higher is due. Gold stocks are holding a near perfect Wyckoff accumulation pattern. All should get ready to play this sector. Yet we must recognize that gold stocks are a one of the most crazy rides at the stock market fair, so play very carefully.

More from RTT Tv


 

GDX PnF chart from within the video

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GDX Wyckoff
 

Important channels around the HUI.

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HUI
 

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann AnglesCyclesWyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

.."[Point and] figure charts are more valuable than vertical [bar] charts"..

Richard D Wyckoff

.."Fundamentals might be good for the first third or first 50 or 60 percent of a move, but the last third of a great bull market is typically a blow-off, whereas the mania runs wild and prices go parabolic… There is no training, classroom or otherwise, that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market."…

Paul Tudor Jones…
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Review of Andrew CardWell RSI with Wyckoff price waves

Courtesy of Read the Ticker

review-of-andrew-cardwell-rsi-with-wyckoff-price-wavesRSI measures relative strength of price action of a set period versus prior set periods. It helps review the price swings or waves, the power of each price thrust into new ground, or lack of it. Price thrust like many things relies on energy, and energy is not a constant, it has a birth, a life and a death and relative strength helps us see that cycle. 

More from RTT Tv
 

Chart in video

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RSI Review
 

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann AnglesCyclesWyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

.."One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have cost stock traders, taken together, enough millions of dollars to build a concrete highway across the continent."..

Jesse Livermore

.."Money can't buy you happiness but it does bring you a more pleasant form of misery"..

Spike Milligan

In the short run, the market is a voting machine, but in the long run it is a weighing machine.

Benjamin Graham

.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..

Kenneth Chang

."Buying stuff people hate, that's the business we are in, right!"…"you may need to have a longer time horizon"…"be patient"..

Mark Yusko





US Economic Review 2019Q4

Courtesy of Read the Ticker

us-economic-review-2019q4An investor must form an opinion of the wider economic risk, here is a small sample of readtheticker.com US economy review.

More from RTT Tv

Example of the first chart in the video.

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US Economy GDP Forecast


Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

…”By knowing the exact vibration of each individual stock I am able to determine at what point each will receive support and what point the greatest resistance is to be met”…

William D Gann

…”This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President Woodrow Wilson signs this bill, the invisible government of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill.”…

Charles August Lindbergh Snr

..”The first rule is not to lose. The second rule is not to forget the first rule”

Warren Buffett

..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell”..

John Templeton

..”To cause high prices, all the Fed will do will be to lower the re discount rate…, producing an expansion of credit and a rising stock market; then when, business men are adjusted to these conditions, it can check, prosperity in mid career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause


continue reading





Cycles supporting consolidations

Courtesy of Read the Ticker

cycles-supporting-consolidationsCycles show how regular time and price periods work within price action, they help thread the needle as  to where price may move to next. Cycles with Wyckoff logic help expose how fundamentals are working through price action to motivate price to a new level. 

Here are some examples of cycles with other readtheticker indicators. 

Chart 1: If the SP500 trends higher on QE4 and gold holds up, then gold stocks should do well, and most likely out perform gold itself.

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XAU

Chart 2: The dollar bulls suggest there is a dollar shortage, and as the supply of dollars is low the price should move higher as demand is high. The dollar bears say there is a large supply of dollars arriving from US deficits and QE4, hence the price will fall. Of course is a matter of timing as to which happens first. Watching and waiting.  

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DXY

Chart 3: Gold is moving higher in line with the build of negative sovereign debt, the size of overall debt, constant money printing, US deficit risk, and elevated market risk. Cycles are working well with gold.

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GLD


Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..“It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality


continue reading





RTT browsing latest..

Courtesy of Read the Ticker

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Friday, 12 April 2019, 02:42:48 AM

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Comment:
Wait what? 2016 low was saved by China monetary boost, so late 2019 early 2020, who will save the SP500? Kudlow cut 50bps! ???

Date Found: Thursday, 02 May 2019, 09:18:22 PM

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Comment:
Divergence Worry

Date Found: Monday, 06 May 2019, 07:35:09 PM

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Comment:
Boom Bust Boom Bust ..

Date Found: Monday, 06 May 2019, 07:39:03 PM

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Comment:
1974 Nixon closed the gold standard.

Date Found: Monday, 06 May 2019, 09:00:52 PM

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Comment:
GDX to swing higher after shake out, so says this work…

Date Found: Tuesday, 07 May 2019, 01:45:38 AM

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Comment:
tic tic

Date Found: Friday, 10 May 2019, 02:08:54 AM

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Comment:
Yield Curve Really Does Matter for Unemployment – Free Weekly Technical Analysis Chart – McClellan Financial

Date Found: Tuesday, 14 May 2019, 04:19:23 AM

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Comment:
QE or not to QE

Date Found: Wednesday, 15 May 2019, 02:46:57 AM

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Comment:
Gundlach points out a remarkable divergence, one between the YoY change in US GDP and the Citi US Econ Surprise index – according to Gundlach, if the econ index is accurate, US GDP is set to plunge.

Date Found: Wednesday, 15 May 2019, 02:50:53 AM

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Comment:

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Bitcoin fenced in by price channels

Courtesy of Read the Ticker

bitcoin-fenced-in-by-price-channelsPrice channels are a wonderful thing, the show true support and resistance, and fence in market noise.

Previous Post: Bitcoin 2019 fractal with Gold 2013 , Bitcoin Wyckoff Accumulation Pattern 

A sudden and sharp test of the downside was expected (see post 14 Aug 2019). 

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BTC

In Wyckoff logic terms the current (2019-09-24) sharp attack (10% drop) on price support lines still may qualify as a high volume spring, and of course will require further testing to prove it is not a dramatic sell off. We will wait and see.

Yes risks are very present and the not so good news of the go live Bakkt bitcoin futures contract has been used for such an attack on support lines. Yet this is a side note as bitcoin continues to be digital gold, plus for the big boys to get in they must maneuver prices lower to acquire volume to accumulate at discount prices. Mission accomplished!

Channel lines fencing in bitcoin market price action noise.

Short term view

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Bitcoin 1

Longer term view

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Bitcoin 2


Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..”One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have


continue reading





 
 
 

Zero Hedge

Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment

Courtesy of ZeroHedge View original post here.

Authored by Mike Shedlock via MishTalk,

Pope Francis is fed up with deniers, so much so he is on the verge of declaring a new sin.

Pope Francis proposes ...



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Phil's Favorites

What is an oligarch?

 

What is an oligarch?

Boris Yeltsin shakes hands with Russia’s most powerful businessmen in Moscow. AP Photo

Courtesy of Joel Samuels, University of South Carolina

With the impeachment hearings for President Donald Trump under way, several American diplomats and ...



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The Technical Traders

When Oil Collapses Below $40 What Happens? PART III

Courtesy of Technical Traders

This, the final section of this multi-part research article, will continue our exploration of the consequences that may result from our ADL predictive modeling system’s suggestion that Oil may continue to fall to levels below $40 over the next few months. 

In Part I and ...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

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

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Insider Scoop

Glass House Group Appoints Graham Farrar As President

Courtesy of Benzinga

Glass House Group, a California-based cannabis and hemp company, earlier this week appointed Graham Farrar as president.

In his new role, Graham will oversee the company’s short and long-term business strategies, budgets and operations, and report up to Glass House Group CEO Kyle Kazan.

A long-time entrepreneur and an original team member of both Sonos (NASDAQ: SONO...



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Chart School

Dow Jones cycle update and are we there yet?

Courtesy of Read the Ticker

Today the Dow and the SP500 are making new all time highs. However all long and strong bull markets end on a new all time high. Today no one knows how many new all time highs are to go, maybe 1 or 100+ more to go, who knows! So are we there yet?

readtheticker.com combine market tools from Richard Wyckoff, Jim Hurst and William Gann to understand and forecast price action. In concept terms (in order), demand and supply, market cycles, and time to price analysis. 

Cycle are excellent to understand the wider picture, after all markets do not move in a straight line and bear markets do follow bull markets. 



CHART 1: The Dow Jones Industrial average with the 900 period cycle.

A) Red Cycle:...

more from Chart School

Digital Currencies

Is Bitcoin a Macro Asset?

 

Is Bitcoin a Macro Asset?

Courtesy of 

As part of Coindesk’s popup podcast series centered around today’s Invest conference, I answered a few questions for Nolan Bauerly about Bitcoin from a wealth management perspective. I decided in December of 2017 that investing directly into crypto currencies was unnecessary and not a good use of a portfolio’s allocation slots. I remain in this posture today but I am openminded about how this may change in the future.

You can listen to this short exchange below:

...



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Kimble Charting Solutions

Silver Testing This Support For The First Time In 8-Years!

Courtesy of Chris Kimble

Its been a good while since Silver bulls could say that it is testing support. Well, this week that can be said! Will this support test hold? Silver Bulls sure hope so!

This chart looks at Silver Futures over the past 10-years. Silver has spent the majority of the past 8-years inside of the pink shaded falling channel, as it has created lower highs and lower lows.

Silver broke above the top of this falling channel around 90-days ago at (1). It quickly rallied over 15%, before creating a large bearish reversal pattern, around 5-weeks after the bre...



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Lee's Free Thinking

Today's Fed POMO TOMO FOMC Alphabet Soup Unspin

Courtesy of Lee Adler

But make no mistake, if the Fed wants money rates to stay down by another quarter, it will need to imagineer even more money.

That’s on top of the $281 billion it has already imagineered into existence since addressing its “one-off” repo market emergency on September 17. This came via  “Temporary” Repo Man Operations money, and $70.6 billion in Permanent Open Market Operations (POMO) money.

By my calculations that averages out to $7.4 billion per business day. That works out to a monthly pace of $155 billion or so.

If they keep this up, it will be more than enough to absorb every penny of new Treasury supply. That supply had caused the system to run out of money in mid September.  This flood of paper had been inundati...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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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