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Ramshackle San Francisco home sells for $1.2 million
Ramshackle San Francisco home sells for $1.2 million
By Daniel Goldstein
Published: Mar 28, 2015 2:23 p.m. ET
http://www.marketwatch.com/story/ramshackle-san-francisco-home-sells-for-12-million-2015-03-27
“This is not a joke, this is the world we live in,”
nowwhat: A ballpark figure
GOLDMAN: The Stock Market In 2015 Will Be ... Meh
MYLES UDLAND NOV. 20, 2014, 9:21 AM
http://www.businessinsider.com/goldman-sachs-2015-sp-500-target-2100-2014-11#ixzz3MHOVOacR
Kostin's price target: 2,100.
In 2015, Kostin expects stocks to continue their upward trajectory during the first half of the year, with price-to-earnings ratios, or multiples, contracting in the second half of the year as the Fed begins to raise interest rates.
DJIA Retesting MAJOR Upside Target;
March 20th Ushers in Unique Period…
March 21, 2015 Eric S. Hadik
03/21/15 Weekly Re-Lay: “Stock Indices rallied back to their highs, allowing the DJIA to retest its multi-year extreme upside targets (18,150–18,550). As long as it does not give a weekly close above18,288, the DJIA is expected to drop into mid-April…
Stock Indices remain in the midst of the decisive period between early-March & mid-April 2015… entering this period immediately after fulfilling multiple, extreme upside price targets in late-Feb. & early-March.
The ongoing suspicion/expectation has been that mid-April will produce the first verified signs of trouble in these markets and likely (also) be the culmination of an initial, sharp decline.
And that has been described as a higher-degree parallel to what was seen ~90 degrees/days, ~180 degrees/days & ~360 degrees/days prior – with declines culminating in mid-April 2014, mid-Oct. 2014 & mid-Jan. 2015.
Stock market fulfilling rebound potential. March 20–April 19th = Historically Decisive Period!!
Text in Full: http://40yearcycle.com/uncategorized/march-21-2015/
In a different document, Eric wrote: "In
the next 30 days (March 20th--April 19th) - and the next 12 months - could be so transformational"
Stocks are overpriced, overleveraged, headed for trouble -OFR
FWIW
Stocks are overpriced, overleveraged, headed for trouble
By Anora Mahmudova
Published: Mar 25, 2015 12:37 p.m. ET
Office of Financial Research: high valuations and high debt levels pose risks
— Wall Street can’t say it hasn’t been warned.
Watch out below!
text in full link
Quicksilver Markets
March 17, 2015 by Ted Berg
http://financialresearch.gov/briefs/files/OFRbr-2015-02-quicksilver-markets.pdf
SPX At critical juncture
SemiBizz Mar 27 2015, 07:15 AM post 719571
http://www.traders-talk.com/mb2/index.php?showtopic=159255
Title: Be Very Careful and SOX UNDER last day of Extreme Volume Lows, That Dirty 12/19/14
Short term now the SPX needs to get back over 2061, then break 2077 to have any good odds for a test of 2113 or the high.
We are seeing a lot of congestion now at the swing points, and FAILURES.
Something weird is going on in the US economy
Something weird is going on in the US economy, and it's not good
SAM RO MAR. 27, 2015, 9:39 AM
http://www.businessinsider.com/us-economic-growth-is-tumbling-2015-3
Goldman cuts year-end 10-year Treasury forecast
Goldman cuts year-end 10-year Treasury forecast
AKIN OYEDELE, MAR. 26, 2015, 12:11 PM
http://www.businessinsider.com/goldman-cuts-government-bond-yield-forecasts-2015-3
we now expect 10-year Treasuries to end 2015 at 2.5% (from 3.0% previously)
>> Bullish or bearish now?
The answer depends on how you trade, time frame, 'habits' (some loves to short at the seemingly ‘Top’, some waits for confirmation).
for VST, SPX index hits an important intraday support 2070, for the next day? I don’t know.
for large swing traders
< 2030 short term bearish
> 2070 short term bullish
(Read at Your own peril) Eric Hadik 03/04/15 Weekly Re-Lay Alert: “As described for the past few months, mid-April is more likely to be the culmination of a new decline". http://40yearcycle.com/uncategorized/march-4-2015/
RUT "Double-Top" Consolidation Almost Complete, Taking some profits...
FWIW
SemiBizz Mar 20 2015, 09:20 AM
http://www.traders-talk.com/mb2/index.php?showtopic=159156&st=10&p=719174entry719174
So we are due for a consolidation and pullback to RUT 1243.33.
SemiBizz post Today, 11:30 AM
RUT "Double Top" Consolidation Almost Complete, Taking some profits...
http://www.traders-talk.com/mb2/index.php?showtopic=159226
Scaling out of TZA.
Today, 12:08 PM
That was 25 pts drop in a few hours (<10 hrs) on RUT.
And came on good volume acceleration.
Does it have what it takes now to test that volume low at 1235.49?
That's my only question.
Which puts us back to which side of 1243.33 we are trading on at the close today.
03/25/15 SPX targets
(1) Short term:
short term wave/Fibonacci points, use this link
( usage: 03/25 session low 2070.83 (ongoing), table 2069.93 ... etc )
Short term Lower rail: 2030, 2005, 1974-1965
(2) Long term:
The stock bull market has emboldened speculators’ appetite.
For example:
(E-waver) Anthony Caldaro SPX 2530-2630/Q1-Q2/2016
(E-waver) Avi Gilburt SPX 2500
i maintain the target 2213.50. There will be some fine tuning efforts
Friday, 11/21/14 11:00:28 AM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108401422
2130.46
Middle term upper target (Edit: nearly transpired)
2213.50
Long term upper target (2213.50-2316.26).
Saturday, 01/17/15 04:53:59 PM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110018624
While the general consensus has reached an overwhelmed bullishness level. To be bullish, the serious test remains in between 2069.93 and 2130.46. Just gives a sense of the bullishness, the next obvious major cluster is 2213.50. but, bulls are calling 2500. (SPX)
Saturday, 03/07/15 03:01:30 PM
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111514407
Zone (1) 2069.93-2130.46
Zone (2) 2130.46-2213.50
Zone (3) 2213.50-2316.26
Insight China (14) Self-Fueled Biomimetic Liquid Metal Mollusk
Geo-Economic Series include:
- The great transition that reshape the world orders
- Insight China - outline the competing status in the world economy
- Miscellaneous hot Geo-Economic events
Liquid metal mollusk that “eats” fuel is discovered
A first ever self-powered pump made of liquid metal was demonstrated, paving the way for making dynamically reconfigurable intelligent soft robots
news | March 19, 2015
http://serious-science.org/news/2843
We have asked one of the authors of this research, Professor Jing Liu from Tsinghua University, to comment on this work.
The Study
This study discovered for the first time a fundamental route of making milli-/centimeter-scaled self-powered soft machine based on liquid metal materials, which could move spontaneously and swiftly in various aqueous solutions and structured channels with a pretty large velocity around 5 cm/s.
A surprising fact arising is that such autonomous locomotion could persist for an extremely long time like over one hour by only taking a small aluminum flake as it’s “food” or fuel,
Future Direction
From the long run along this direction, a most exciting target is perhaps to make the flexible, smart and reconfigurable machine
From the long run along this direction, a most exciting target is perhaps to make the flexible, smart and reconfigurable machine,
Heinz, Kraft to merge with Buffett's support
Heinz, Kraft to merge with Buffett's support
Jane Onyanga-Omara, USA TODAY 9:13 a.m. EDT March 25, 2015
link
photo source: http://www.guancha.cn
ChemChina accquired 65% Pirelli (Italy Tire manufacture)
Pirelli http://en.wikipedia.org/wiki/Pirelli
the world’s fifth-largest Tire manufacturer behind Bridgestone, Michelin, Continental and Goodyear.
ChemChina spent 7.1 billion Euro
chart source: http://i.guancha.cn
(ahimsak:) All my indicators say higher prices coming
FWIW
SemiBizz (BWM) is a short term trader based on volume analysis, we have exchanged many mails privately
His web site: http://volumedynamics.com/forums/topic/939-welcome-to-volume-dynamics/
SemiBizz post Today, 08:45 AM
http://www.traders-talk.com/mb2/index.php?showtopic=159206
SPX 2103 Congestion Expected, Relevant Trading Range 2085-2103
Freeport-McMoRan (FCX) Slashes Dividend By 84%
Freeport-McMoRan Slashes Dividend By 84%
Lauren Gensler Forbes Staff
3/24/2015 @ 8:45
link
Freeport-McMoRan said on Tuesday that it was slashing its dividend by 84%, citing the negative impact of lower commodity prices.
The quarterly dividend paid out on May 1 will be five cents per share, down from 31 cents per share.
Europe is suddenly booming — this is why
Europe is suddenly booming — this is why
MIKE BIRD
MAR. 24, 2015, 9:54 AM
link
An SI Board: Dividend investing for retirement
Dividend investing for retirement
http://www.siliconinvestor.com/subject.aspx?subjectid=56874
Insight China (13) LAMOST and FAST
Geo-Economic Series include:
- The great transition that reshape the world orders
- Insight China - outline the competing status in the world economy
- Miscellaneous hot Geo-Economic events
progress in basic science
LAMOST:
The Large Sky Area Multi-Object Fiber Spectroscopic Telescope
FAST:
Five-hundred-meter Aperture Spherical radio Telescope
The Large Sky Area Multi-Object Fiber Spectroscopic Telescope (LAMOST),
http://en.wikipedia.org/wiki/LAMOST
also known as the Guo Shoujing Telescope after the 13th-century Chinese astronomer, is a meridian reflecting Schmidt telescope, located in Xinglong Station, Hebei Province, China. Undertaken by the Chinese Academy of Science, the telescope is planned to conduct a 5-year spectroscopic survey of 10 million Milky Way stars, as well as millions of galaxies.
photo source: http://i.guancha.cn
LAMOST Schematic
Diameter 4 meter, Secondary diameter 6 meter.
http://lamost.us/legue/images/story_images/lamostguoshoujing-telescope/lamost_optics1.jpg
photo source: http://www.lamost.org/public/?locale=en
Data from China's Finest Telescope Released Worldwide
Mar 20, 2015
http://english.cas.cn/newsroom/news/201503/t20150320_145515.shtml
"LAMOST observations between 2012 and 2017 are expected to collect more than five million high-quality spectra in total. These spectra data will be the cornerstone for digitizing the universe and provide significant help for studying the structure, movements, formation and development of the universe," said Zhao Gang, a senior NAOC official.
DR1 data set is available at http://dr1.lamost.org for download.
Five-hundred-meter Aperture Spherical radio Telescope (FAST) is a Chinese mega-science project to build the largest single dish radio telescope in the world. Its innovative engineering concept and design pave a new road to realize a huge single dish in the most effective way.
FAST also represents Chinese contribution in the international efforts to build the square kilometer array (SKA). Being the most sensitive single dish radio telescope, FAST will enable astronomers to jump-start many science goals, for example, surveying the neutral hydrogen in the Milky Way and other galaxies, detecting faint pulsars, looking for the first shining stars, hearing the possible signals from other civilizations, etc.
FIVE-HUNDRED-METER APERTURE SPHERICAL RADIO TELESCOPE (FAST)
the basic Spherical surface construction was completed on February 4, 2015, The final reflective surface will be completed in 2016.
Insight China (12) World's first hydrogen-powered tram rolls off assembly line
Geo-Economic Series include:
- The great transition that reshape the world orders
- Insight China - outline the competing status in the world economy
- Miscellaneous hot Geo-Economic events
World's first hydrogen-powered tram rolls off assembly line
YouTube ( 1 Min 14 Sec):
World's first hydrogen-powered tramcar rolled off the assembly line in Qingdao.
http://www.ecns.cn/2015/03-20/158821.shtml
Liang Jianying, chief engineer of Sifang Co., a wholly-owned subsidiary of China South Rail Corporation (CSR), said the new tram is the only hydrogen powered vehicle in the field, and makes China the only country in the world to have mastered the technology.
Hydrogen fuel cells are a new clean energy source, widely used in the automobile industry, but lagging behind in the field of rail transit.
"It took two years for Sifang to solve key technological problems, with the help of research institutions," Liang said.
The tram can be refilled with hydrogen in three minutes and can then run for 100 km at speeds as high as 70 km per hour.
"The average distance of tramcar lines in China is about 15 km, which means one refill for our tram is enough for three round trips," Liang said, adding the overall running costs will be greatly reduced.
No nitrogen oxides will be produced as the temperature of the reaction inside the fuel cell is controlled under 100 degrees Celsius. Water will be the tram's only emission, Liang said.
Each tram has over 60 seats and can carry more than 380 passengers.
Also:
China Presents the World's First Hydrogen-Fueled Tram
Manny Salvacion | Mar 21, 2015 11:05 AM EDT
http://en.yibada.com/articles/21142/20150321/china-worlds-first-hydrogen-fueled-tram.htm
http://www.hihuadu.com/2015/03/20/china-to-create-the-worlds-first-hydrogen-tram-column-published-15945.html
(rab120) Eric Hadik
i did not subscribe to his service. His freeware can be found in:
http://40yearcycle.com/uncategorized/march-4-2015/
By combining with a few posts (in the archives) together, he suggested an important cycle low in the coming middle April. Only time will tell.
Geo-Economic – Swinging on the Pendulum
Geo-Economic Series include:
- The great transition that reshape the world orders
- Insight China - outline the competing status in the world economy
- Miscellaneous hot Geo-Economic events
photo source: http://i.guancha.cn
- No way Out link
- The Change will come from the External (Tuesday, 02/11/14 01:26:46 PM)
- The competition is merciless
- History was a series of causal chains interacting with each other - Edward Carr
- An across the entire Europe-Asia Continent Economic zone will be established
Cracks In Washington’s Empire
Paul Craig Roberts March 17, 2015 |
http://www.paulcraigroberts.org/2015/03/17/cracks-washingtons-empire-paul-craig-roberts/
Washington’s EU vassals might be finding their backbone. Britain, Germany, France, and Italy are reported to have defied Washington’s orders and applied to join the Chinese-led Asian Investment Bank.
The Chinese-led bank will, of course, be much more effective. The Chinese will use the bank to actually help countries and thereby make friends and grow trust, whereas Washington uses its banks for domination by force.
This new bank, together with the BRICS Bank, will provide countries with escape routes from Washington’s domination.
U.S. Allies, Lured by China’s Bank
THE EDITORIAL BOARD
on page A28 of the New York edition, MARCH 20, 2015
The Obama administration, to its embarrassment, has been spurned by Western allies flocking to a China-led Asian development bank, defying White House pleas to stand back
In significant ways, this is a problem of America’s own making.
text in full link
A bridge not far enough
The Economist Mar 21st 2015
America is wrong to obstruct China’s Asian-infrastructure bank
There are three reasons why America should be more receptive toward the AIIB and its allies’ potential membership.
The first is that Asia’s need for infrastructure is vast and pressing.
Second, the best way to deal with concerns about Chinese lending standards is to join the bank and improve it from inside, not to throw brickbats from outside.
Text in full: link
Building the world’s greatest market F. William Engdahl
Contrary to the dogma of Milton Friedman and his followers, markets are never “free.” They are always manmade. The essential element to build new markets is building infrastructure and for the vast landmass of Eurasia railroad linkages are essential to those new markets.
the vast under-developed land space of Eurasia became open again. This space contains some forty percent of total land in the world, much of it prime unspoiled agriculture land; it contains three-fourth of the entire world population, an asset of incalculable worth. It consists of some eighty eight of the world’s countries and three-fourths of known world energy resources as well as every mineral known needed for industrialization.
text in full link
Tomgram: Pepe Escobar, New Silk Roads and an Alternate Eurasian Century
Posted by Pepe Escoba
link
In the meantime, think of China as a magnet for a new world order in a future Eurasian century.
In the endgame of such a process, the U.S. might find itself progressively squeezed out of Eurasia, with the BMB emerging as a game-changer. Place your bets soon. They’ll be called in by 2025.
03/21/15 Weekend miscellaneous
(1) Market Trend Charts – overall link
(2) The Bull-Bear corridor 2030-2070
< 2030 short term bearish
> 2070 short term bullish link
(3) SPX wave/Fibonacci terminal points
(a) Short term upper rail: 2115.20 – 2140.84
- The Fibonacci zone (1) 2069.93-2130.46 is stiff.
- On 11/21/14, SPX made its first entry into this zone.
- On 02/25/15, SPX marked ATH 2119.59.
(b) Short term Lower rail: 2030, 2005, 1974-1965
(4) 2015 General Outlook
All the pieces keep adding up into a very serious economic and geopolitical game changer for 2015. - Gerald Celente link
Posted on Friday, 03/13/15 - bounce off the supportive trend-line
One more (short term) Bear gave up
blustar Today, 01:12 PM
Joining the Madness, Cutting Losses...Going Long
http://www.traders-talk.com/mb2/index.php?s=e95f7e416d7770035f021a220237e088&showtopic=159156
RE: “We Are Together”
Wednesday, March 18, 2015
Putin sang the national anthem at a rally in honor of the anniversary of the annexation of the Crimea, which came more than a hundred thousand people
http://russiannewsonline.blogspot.com/2015/03/putin-sang-national-anthem-at-rally-in.html
(Off-Topic) Entertainment: Vladimir Putin, Larisa Dolina "We-are-together"
Vladimir Putin Storms Back to Public Stage
Vladimir Putin stages the celebration "We-are-together", sing a song (Indissoluble Union) together with Larisa Dolina
video (44 Sec): http://v.youku.com/v_show/id_XOTE1MTYzOTk2.html
I was at the Fed meeting.... by MYLES UDLAND
FYI
I was at the Fed meeting on Wednesday, and I think the market got it wrong
MYLES UDLAND MAR. 19, 2015, 10:13 AM
All it takes is one meeting .... to raise interest rates. And that day is way sooner to becoming a reality than the market expects.
Read more: http://www.businessinsider.com/market-reaction-after-the-fed-2015-3#ixzz3UqdoY7XT
(Off Topic) Entertainment -
Full of Kazakh, Awesome landscapes
Violin - Sayram Lake Aria (YouTube: 4min 41sec)
Janet Speaks: Do Words Matter? by Ron Paul
Janet Yellen Speaks: Do Words Matter?
by Ron Paul 3:49 pm on March 18, 2015
link
The Euro Bounce by Martin Armstrong
FYI FWIW
Posted on March 18, 2015 by Martin Armstrong
http://armstrongeconomics.com/2015/03/18/the-euro-bounce/
The Euro was oversold. Simple as that. ..... This model all alone indicated the Euro was oversold and a bounce was underway.
Dow To Be or Not To Be – Correction Time?
http://armstrongeconomics.com/2015/03/18/dow-to-be-or-not-to-be-correction-time/
FED Sets Stage for Rate Hikes - Mike Larson
FYI
Faced With Rock-And-A-Hard-Place Dilemma, Fed Launches a Dollar Broadside, Sets Stage for Rate Hikes
Mike Larson | Wednesday, March 18, 2015 at 4:30 pm
link
March 18, 2015
Federal Reserve Board and Federal Open Market Committee release economic projections from the March 17-18 FOMC meeting
Release Date: March 18, 2015
http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20150318.pdf
Figure 2. Number of participants with projected midpoint of target range or target level
Midpoint of target range or target level (Percent) 2015
0.125 2
0.250
0.375 1
0.500
0.625 7
0.750
0.875 3
1.000
1.125 1
1.250
1.375 2
1.500
1.625 1
1.750
1.875
Federal Reserve FOMC statement
Release Date: March 18, 2015
http://www.federalreserve.gov/newsevents/press/monetary/20150318a.htm
For immediate release
Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate. A range of labor market indicators suggests that underutilization of labor resources continues to diminish. Household spending is rising moderately; declines in energy prices have boosted household purchasing power. Business fixed investment is advancing, while the recovery in the housing sector remains slow and export growth has weakened. Inflation has declined further below the Committee's longer-run objective, largely reflecting declines in energy prices. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations have remained stable.
Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators continuing to move toward levels the Committee judges consistent with its dual mandate. The Committee continues to see the risks to the outlook for economic activity and the labor market as nearly balanced. Inflation is anticipated to remain near its recent low level in the near term, but the Committee expects inflation to rise gradually toward 2 percent over the medium term as the labor market improves further and the transitory effects of energy price declines and other factors dissipate. The Committee continues to monitor inflation developments closely.
To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate. In determining how long to maintain this target range, the Committee will assess progress--both realized and expected--toward its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. Consistent with its previous statement, the Committee judges that an increase in the target range for the federal funds rate remains unlikely at the April FOMC meeting. The Committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term. This change in the forward guidance does not indicate that the Committee has decided on the timing of the initial increase in the target range.
The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
When the Committee decides to begin to remove policy accommodation, it will take a balanced approach consistent with its longer-run goals of maximum employment and inflation of 2 percent. The Committee currently anticipates that, even after employment and inflation are near mandate-consistent levels, economic conditions may, for some time, warrant keeping the target federal funds rate below levels the Committee views as normal in the longer run.
Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; Charles L. Evans; Stanley Fischer; Jeffrey M. Lacker; Dennis P. Lockhart; Jerome H. Powell; Daniel K. Tarullo; and John C. Williams.
Geo-Economic: The Coming Chinese Crackup by David Shambaugh
Geo-Economic Series include:
- The great transition that reshape the world orders
- Insight China - outline the competing status in the world economy
- Miscellaneous hot Geo-Economic events
The Coming Chinese Crackup
The endgame of communist rule in China has begun, and Xi Jinping’s ruthless measures are only bringing the country closer to a breaking point
By David Shambaugh March 6, 2015 11:26 a.m. ET
http://www.wsj.com/articles/the-coming-chinese-crack-up-1425659198
We cannot predict when Chinese communism will collapse, but it is hard not to conclude that we are witnessing its final phase. The CCP is the world’s second-longest ruling regime (behind only North Korea), and no party can rule forever.
Q. and A.: David Shambaugh on the Risks to Chinese Communist Rule
By CHRIS BUCKLEY MARCH 15, 2015 9:00 PM
http://sinosphere.blogs.nytimes.com/2015/03/15/q-and-a-david-shambaugh-on-the-risks-to-chinese-communist-rule/
03/14/15 Weekend Misc.
(1) Market Trend Charts
overall link: http://stockcharts.com/freecharts/dpgallery.html
The monthly PMO is getting closer for a “cross below” action
(2) The Bull-Bear corridor 2029-2070
< 2029 short term bearish
> 2070 short term bullish
(3) Fibonacci terminal points
SPX chart: http://www.chartupload.com/images/99280192870917928554.jpg
The Fibonacci zone (1) 2069.93-2130.46 is stiff.
On 11/21/14, SPX made its first entry into this zone.
On 02/25/15, SPX marked ATH 2119.59.
On 03/10/15, SPX closed below this zone.
(4) SPX Short term Lower rail
2029.52, 2005.40, 2004.02, 1973.79-1965.20
for detailed breakdown, refer to the table
(5) 2015 General Outlook
All the pieces keep adding up into a very serious economic and geopolitical game changer for 2015
- Gerald Celente link
SPX is holding by the supportive trend line
when it will crack?
major cluster 2029, 2005 (near 200 SMA).
03/07/15 03:01:30 PM
2119.59
1972.56, 1820.66, 1737.92, FIB
2084.89, 2049.04, 2029.52, 0.236
2063.42, 2005.40, 1973.79, 0.382
2046.08, 1970.13, 1928.76, 0.500
2028.73, 1934.85, 1883.72, 0.618
2004.02, 1884.63, 1819.60, 0.786
- overlap zone is considered a strong support
- interpolation between two points is a feasible way for hunting intraday pivots.
Geo-Economic: Enter the Dragon-led AIIB
Geo-Economic Series include:
- The great transition that reshape the world orders
- Insight China - outline the competing status in the world economy
- Miscellaneous hot Geo-Economic events
photo source: http://i.guancha.cn
10/21/2014
AIIB Asian Infrastructure Investment Bank kick-off
There are 27 + 1 (UK) nations as the initiative members
AIIB Perspectives:
Asian Infrastructure Investment Bank
http://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank
The Benefits of the Asian Infrastructure Investment Bank
Jul 28, 2014
link
China’s Asian Infrastructure Investment Bank By Carlyle A. Thayer
dated January 19, 2015
http://www.c3sindia.org/china/4773
Obama: 'We have to twist arms when countries don't do what we need them to'
Published time: February 11, 2015 11:37
http://rt.com/news/231279-obama-foreign-policy-power/
President Barack Obama has said the reality of “American leadership” at times entails “twisting the arms” of states which “don’t do what we need them to do,” and that the US relied on its military strength and other leverage to achieve its goals.
"The world is changing rapidly. We are witnessing colossal geopolitical, technological and structural shifts. A single-polar world model has failed. Today, it's obvious to everyone, even to those who continue using their habitual coordinate system, trying to maintain monopoly, dictate their rules of the game in politics, trade and finances and impose cultural and behavioral standards."
Failure of single-polar world order obvious to everyone - Vladimir Putin - 23 May 2014
http://www.globalsecurity.org/wmd/library/news/russia/2014/russia-140523-vor01.htm
We have no need of getting involved in things, of ordering others around, but we want others to stop pretending they rule the world. That is all.
Meeting of the Valdai International Discussion Club
24 October 2014, Sochi http://www.paulcraigroberts.org/2014/10/25/vladimir-putin-leader-moral-world-paul-craig-roberts/
During his speech, Putin used the Russian version of the Latin phrase, “Quod licet Iovi, non licet bovi” (what is allowed for god, is not allowed for cattle,) alluding to the double standards used by Washington..
12/05-02/28/-03/10 DJI has met an important upper target
DJI marked the ATH 18,288.63 on 03/02, and then, it not only slipped below the confirmation point 18039 but also dipped below the zone 17975-18485. So, the peak observed on 03/02 may turn out to be a good Fib. point that can hold for a while; i made a promise keep my mouth shut on cycle, so no new 'release', here is the work i did on 12/06, in this chart .
my archive
Friday, 12/05/14 04:41:21 PM
i am ‘convinced’ the apex is around the corner (with + 1~2% overrun), [EDIT DJI 18334.63, SPX 2121.36, see referring post]
Saturday, 02/28/15 09:12:15 PM
a confirmation: a daily close below 18039 ( = (17975+18103)/2 ).
Monday, 12/08/14 02:19:23 PM
SPX
2079.76 2104.27
2069.93 2085.06 2100.20 2115.20 2130.46
DJI
18062 18657
17975 18103 18230 18357 18485
February 21, 2015 Posted by: Eric Hadik
Stocks Nearing Multi-Year Targets;
Early-March Cycle High Could Trigger Sharp Drop…
http://40yearcycle.com/uncategorized/february-21-2015/
As explained in the Sept. 2014 INSIIDE Track and the 40-Year Cycle – Stock-flation 1974–2014 Report, this mid-Oct. time frame not only has current significance (when a blow-off spike low is most likely) but is also expected to project future significance to mid-April 2015 – 180 degrees in the future…”
Stock Indices are very close to fulfilling multi-year extreme upside price targets – the last objective that needs to be met before a Major top becomes most likely. If they can reach 18,219/DJIA, 2118/ESH & 4400/NQH, the Indices will fulfill these targets and usher in the ideal time AND place (price level) for a Major top.
As discussed since last year, the ideal scenario is to see the first significant sell-off take place between early-March and mid-April 2015. So, a decisive top should take hold in the next 7–10 days!
However, specific details and/or trading strategies are reserved for subscribers only.
>> HSBC closing 7 gold vaults
Mail exchanges:
Sun, 8 Mar 2015 00:55:47
Subject: very strange news, HSBC is closing all-of-their gold vaults in London
March 8, 2015 11:21 PM
Found this on the net: (Read At Your Own Peril)
"It appears as if KWN are again printing either ignorant headlines (at best) or fake headlines (at worst) to spread financial fear in relation to the supposed closure of the HSBC London Bank Vaults who are the custodian for a number of exchange traded PM funds. This is pretty typical bull shit from KWN who are renowned for their Perma Bull BULL.
And so it is actually NOT TRUE that HSBC are closing their London vaults, as the change of ownership of the vaults, is in fact from one HSBC entity to another HSBC entity. There was a notice released on the Australian Stock exchange back in early December to this effect. The Australian ETF whose custodian is HSBC London have confirmed this week that there is no change to the status of their product offering since then."
Gold Commitments of Traders Report – Speculators in a world of hurt
Posted on March 6, 2015,7:37 pm by Trader Dan
http://traderdan.com/?p=2903
This is the reason why the support levels on the chart are now going to be very important. Below $1140, I do not see any support until the contract low near $1130. If the former level were to give way, the latter will certainly be tested. At that point, depending on the other external markets ( interest rates, currencies and equities), gold may very well take out $1130. If it does, watch for a huge number of longs to throw in the towel which will provide some hefty selling pressure.
Time will tell…
Outlook US Preeminence - Goldman Sachs
Compares with some bullish E-wavers’ Eye-popping-Jaw-dropping numbers, Goldman Sachs gave a much “realistic” S&P500 target for 2015
Outlook US Preeminence - Goldman Sachs -
January 2015, Investment Management Division
PDF link
An excerpt: (from page 50 – 53)
While this bull run can continue, its pace is likely to slow. Strong erstwhile returns have borrowed from future gains, leaving us to expect more modest returns with higher volatility across asset classes.
Although this bull market will eventually end, the question facing investors today is whether its apex will occur in 2015 or worse yet, has already happened. Our own view is that this “running of the bulls” will continue, albeit at a pace more akin to walking. Put simply, the levers of equity returns—valuations, margins and sales growth— are still working but they’re becoming more difficult to pull.
As we mentioned in Section I of the Outlook, US equity valuations are already elevated, standing in the 9th decile of their historical distribution. While higher valuations are certainly possible, they are not the most likely outcome in a year when the Federal Reserve is expected to raise interest rates after six years at the zero bound. Looking back at 32 rate-hike cycles initiated in developed markets since the mid-1980s, the median trailing price-to-earnings multiple declined 7% in the six months following the first rate increase.
Exhibit 60: ISG Global Equity Forecasts: Year-End 2015
End 2015 Central Case Target Range S&P 500 2,075 – 2,150
Share repurchases totaled a staggering $2.1 trillion
S&P 500 companies have bought back $2.1 trillion worth of themselves since the financial crisis
ED YARDENI, DR. ED'S BLOG
MAR. 4, 2015, 8:40 AM
link
The Euro – a Doomed Currency? (Gold-in-sync?)
FYI Read At Your Own Peril, Waiting for Godot?
March 6, 2015 Posted by Martin Armstrong
An excerpt:
We have a PERFECT DOUBLE MONTHLY BEARISH REVERSAL at 10765. The next one after that drops down to 98. Our long-term clients know what this means and how hard it is to achieve this type of indicator on our model.
Here is the famous GAP in the reversals that highlighted the 1987 and 1989 Crash events. There was a set of PERFECT DOUBLE WEEKLY BEARISH REVERSALS in the S&P500 back in 1987. At that World Economic Conference we held in Princeton that weekend, it was rather spectacular.
The sheer fact we have such a PERFECT set on the Monthly Level is a very ominous sign of what will happen with a monthly closing beneath 10765 of the Euro. The sheer fact that computer generated these numbers is extremely important. It will dictate the fate of what lies ahead.
Text in full:
http://armstrongeconomics.com/2015/03/06/the-euro-a-doomed-currency/
If this level was triggered on Tuesday March 31st in just over 3 weeks time then the following days into the week ending Friday 3rd April will see EXTREME volatility to the upside in the USDX and downward in GOLD similar to what the equities saw in October 1987 as the EUR crashes.
03/07/15 Weekend Misc.
(1) Market Sell Off on 03/06
The ‘’better than expected’’ job report released on 03/06 triggered a sell-off, The "strong" dollar could be part of the reasons too. imho, China’s rate cut was a deliberate chess board movement. together with many others’ central bank rate cut, Has an accidental currency war erupted? link to full text
(2) Market Trend Charts – overall http://stockcharts.com/freecharts/dpgallery.html
- Moving averages – bullish
- PMO suggests a trend change in daily & weekly, not yet in monthly chart.
- The McClellan Oscillator – bearish, readings below zero
(3) SPX Short term boundary
< 2028.73 bearish, (0.618 2119.59-1972.56)
> 2069.93 bullish, http://www.chartupload.com/images/99280192870917928554.jpg
(4) SPX Fibonacci terminal points
http://www.chartupload.com/images/99280192870917928554.jpg
Zone (1) 2069-2130.46
2069.93, 2085.06, 2100.20 , 2115.20, 2130.46 (quad interpolation)
2115.20, 2120.14, 2124.63 , 2130.46
Zone (2) 2130.46-2213.50
2130.46, 2151.22, 2171.98, 2192.74, 2213.50
Zone (3) 2213.50-2316.26
As reported for a while, the Fibonacci zone (1) is stiff. On 11/21/2014, SPX marked an intraday high 2071.46, that was the first assault on lower rail 2069.93, 15 weeks later, bulls still cannot break this tough resistance zone. The best ‘score’ Bull made was 2119.59 on 02/25/15.
(5) SPX Short term Lower rail
2119.59
1972.56, 1820.66, 1737.92, FIB
2084.89, 2049.04, 2029.52, 0.236
2063.42, 2005.40, 1973.79, 0.382
2046.08, 1970.13, 1928.76, 0.500
2028.73, 1934.85, 1883.72, 0.618
2004.02, 1884.63, 1819.60, 0.786
-overlap zone is considered a strong support
- interpolation between two points is a feasible way for hunting intraday pivots.
(6) 2015 General Outlook
All the pieces keep adding up into a very serious economic and geopolitical game changer for 2015 Gerald Celente link