"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •137 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 950.60 | +5.50 | +0.58% |
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WTI Crude •10 mins | 66.77 | -0.25 | -0.37% |
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Gasoline •10 mins | 1.946 | -0.004 | -0.19% |
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Ethanol •137 days | 2.161 | +0.000 | +0.00% |
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Silver •137 days | 30.82 | +1.16 | +3.92% |
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Silver • 137 days | 30.82 | +1.16 | +3.92% | |
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Copper • 137 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 70.89 | -0.15 | -0.21% | |
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Natural Gas • 10 mins | 2.935 | +0.112 | +3.97% | |
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Heating Oil • 14 mins | 2.170 | -0.001 | -0.05% |
Markets / Other
The Dow Jones Transportation Index ...
I will show the current Dow Jones Transportation index again due to its importance to the Dow Theory. The issue is that the Transportation index has not been able to…
EUR/GBP - Bouncing Within Uptrend Channel
EUR/GBP is bouncing on and off within an uptrend channel. Hourly support is given at 0.8880 (21/10/2016 low) while resistance is given at 0.9047 (30/10/2016 high).
Personal Income Up 0.3 Percent, Real Disposable Income Not Quite 0.1 Percent
Spending rose 0.5% but the BEA revised August from +0.0% to -0.1% so effectively spending increased 0.4% from the unrevised number ...
FTSE Short Term Elliott Wave: Buyers Should Appear Soon
Best reading of Elliott Wave cycles suggests rally to 7129.8 ended wave W. The Index is currently in wave X pullback as a double three where wave ((w)) ended at…
Is Skill Still Relevant in the Era of the Indexes?
Anyone failing to notice that index funds, along with index-based ETFs are, day-by-day, becoming the preferred investments for investors likely hasn't been paying much attention. So it's more important than…
Don't Sweat The Election. The Next Crisis Is Already Baked Into The Cake
Friday was one of those days where you walk away from the screen for a minute and come back to find a completely different market. All it took was the…
High Altitude Ballooning Experiment
It's a record; the global debt colossus is now in excess of $152 trillion. And derivatives monster - you better be sitting down for this one - because it's grown…
Key GDP Takeaway: Ever Weakening Real Final Demand
What's the most important metric in GDP report on Friday? Caroline Baum tweets that it's private final demand, the slowest in three years, excluding the first quarter of 2016.
Update
The IWM was below its thick black resistance line. The NYA was below its thick black horizontal resistance line. The IWM (the ETF for the Russell 2000) is the concern…
Earnings Fairytale Has an Unhappy Ending
The air underneath stock prices is indeed getting very thin at these altitudes. According to none other than Goldman Sachs, median stock prices are positioned at the 97th percentile of…
