Posts Tagged ‘John Nyaradi’

Last Week Was Just the Beginning

Last Week Was Just the Beginning

Courtesy of John Nyaradi, Wall St. Sector Selector 

Weekly Stock Market and ETF commentary from Wall Street Sector Selector

Last week was difficult, at best, for global stock markets as the S&P 500 dropped more than -3% and the bond market surged as investors continued their “flight to quality.” Fear spread around the world with global markets shedding recent gains.  It was definitely a “risk off” week and the beginning of what I believe will continue to be a “risk off” period as we move through the closing days of summer.

The macro news was mostly poor, as we’ll discuss in a moment, and the technical picture deteriorated. In our portfolios, we moved to “Red Flag Flying” mode, expecting lower prices ahead, and moved from our remaining cash positions to inverse ETFs in the Standard Portfolio, while keeping our option portfolio positioned for more downside ahead. 

Our new “High Conviction Trade Alert triggered its first ‘buy’ signal and I’m looking forward to reporting more details on this to our Pro members in the weekly Position Update. The High Conviction Trade Alert is designed to identify high conviction/low risk opportunities.  It won’t trade very often but should offer excellent risk/reward opportunities. 

Looking at My Screens 

On a technical basis, significant damage was inflicted last week to equity markets around the world.  As we’ve been saying, an imminent decline in U.S. markets seems to be upon us, and it appears that last week’s action could have been the beginning of that move.

 

chart courtesy of StockCharts.com

In the chart above you can see that the S&P 500 has dropped below its 200 day moving average and also below its 50 Day Moving Average, indicating that the long and medium term trend is down.  These significant moving averages now become resistance rather than support and we see the next support levels at 1060 and then near 1020 at the June lows. 

The 50 Day Moving Average remains below the 200 Day Moving Average, forming the widely watched “death cross,” which typically accompanies significant trend changes.  Additionally, the 12 month moving average of the S&P 500 was also violated which is another bearish indicator for major markets. 

As if all of this isn’t gloomy enough, last week’s stock market action triggered a “Hindenburg Omen,” named after the German zeppelin that crashed and burned in New York…
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Zero Hedge

Watch: Hong Kong Cop Taken Out By Flying Drop-Kick To Stop Arrest

Courtesy of ZeroHedge View original post here.

A Hong Kong police officer was knocked down by a flying drop kick as he attempted to arrest a protester during the 19th week of anti-government unrest. 

The officer can be seen struggling over custody of a protester until the kick levels him, followed by others running up and hitting the man before they run off. 

The protests - this week's revolving around a new 'anti-mask' law - saw turnouts in more than half of the semiautonomous Chinese territory's 18 districts. 

...



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Insider Scoop

Can Netflix Deliver A Hit After Q2 Subscriber Disappointment?

Courtesy of Benzinga

Netflix Inc (NASDAQ: NFLX) is scheduled to report its third-quarter results Tuesday, after the market close.

The consensus estimate calls for earnings of $1.04 per share, up from 89 cents per share in the year-ago quarter. Analysts, on average, expect the company to report revenues of $5.25 billion, up 31.30% year-over-year.

Over the past four quarters, ...



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Phil's Favorites

Traditional banks are struggling to stave off the fintech revolution

 

Traditional banks are struggling to stave off the fintech revolution

Shutterstock

Courtesy of Kamal A Munir, Cambridge Judge Business School and Hamza Mudassir, Cambridge Judge Business School

Traditional banks are haunted by financial technology – fintech – firms. Challengers such as mobile-first banks Chime in the US, Monzo in the UK and Germ...



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Kimble Charting Solutions

New Gold Bull Market? Not Until This Happens!

Courtesy of Chris Kimble

After a big summer rally, Gold peaked out at $1566/oz in September.

Since then, Gold prices have been consolidating between $1475 and $1550.

So what’s happening here? Enter the Swiss Franc currency…

In today’s chart, we look at a key indicator (and correlation) for Gold. As you can see, the Swiss Franc has an uncanny resemblance to Gold.

Both Gold and the Franc are testing heavy resistance at the same time.

Until both breakout at (2), odds are low that a new Gold bull market emerges with another big rally leg higher....



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The Technical Traders

Lots of Upside Ahead for the Metals and Miners

Courtesy of Technical Traders

Palisade Radio talks with Chris as he discusses his approach to trading and why technical analysis works for him. He focuses on the chart and price action and explains why investors need to follow a trading strategy that suits their personality.

He cautions that a broad sell-off is likely when stocks move into the next bear market. This liquidation will pull everything down, including gold, for a time. Afterward, he anticipates a massive rally in the juniors.

Time Stamp References:

...



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Chart School

US Economic Review 2019Q4

Courtesy of Read the Ticker

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


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Example of the first chart in the video.


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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of ...

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Digital Currencies

Zuck Delays Libra Launch Date Due To Issues "Sensitive To Society"

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. 

“Obviously we want to move forward at some point soon [and] not have this take many years to roll out,” he said. “But ...



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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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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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