• 2 hours U.S. Tech Stocks Look Increasingly Vulnerable
  • 5 hours De Beers To Expand World’s Most Profitable Diamond Mine
  • 7 hours Ford CEO Gets Raise After Massive Layoff Round
  • 23 hours Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 1 day Where To Look As Gold Miners Inch Higher
  • 2 days Google Faces Billions In Fines From European Regulators
  • 2 days The Energy Industry Has A Millennial Problem
  • 3 days Russian Banks Scramble For Sanction Loopholes
  • 3 days Gold ETFs Take A Hit After Four-Month Run
  • 4 days European Union Takes Aim At Ten New Tax Havens
  • 4 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 4 days $600 Billion At Risk As Boeing Fallout Continues
  • 4 days Venezuela Has Yet Another Crisis Developing
  • 5 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 5 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
  • 5 days Why Twitter's CEO Is Backing A New Bitcoin Boom
  • 5 days U.S. Treasury To Employ “Extraordinary Measures” To Fend Off Default
  • 6 days Lobster, Golf Carts And Fidget Spinners: What’s In The Federal Budget?
  • 6 days Italy Launches New Welfare Experiment
  • 6 days There Is No Catch-All Solution To Climate Change
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

Weekend Market Forecasting and Trading Report

Stocks rose again Friday, April 24th, with techs leading and small caps lagging. The S&P 500 and NASDAQ Composite hit new all-time highs Friday. The Industrials did not. This is a potential Bearish divergence like occurred back in 2000 at the inflation adjusted all-time highs. If the Industrials rise above their March 2nd highs, above 18,288, then the uptrend will be confirmed. If that does not happen, it will be a Bearish sign. It only took a quadrupling of the money supply, a hyperinflation that has lifted the cost of almost everything 5 to 10 times what it was 15 years ago, for the NASDAQ to get back to breakeven. If the same hyperinflation that affected pretty much everything (thank you QE's 1 through 4) had affected the NASDAQ, it should be around 50,000 now, not 5,000. In real dollars, this index is lagging severely despite Friday's nominal price achievement.

Our short-term key trend-finder indicators for Blue Chips moved to a Sideways signal April 23rd, as the Purchasing Power Indicator triggered a Buy, at odds with the 30 and 14 day Stochastic Indicators. They remain on a Sideways signal Friday. Our intermediate term Secondary Trend Indicator remains on a Buy Signal Friday, actually falling 3 points (out of a possible maximum 9 points) to positive + 13, needing to decline to negative - 5 for a new Sell. Demand Power fell 1 point Friday while Supply Pressure rose 1, telling us Friday's rise was weak...

Weekend Market Forecasting and Trading Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment