MarketWatch is REALLY trying to push the stock market down and Google has given them a prominent position in their search engine results to do just that. Check out what the search “stock market news” outputs from Google search:
Whatever happened to the “fake news” filter Google was going to start using?
Google features this fake news story from MarketWatch at the top of their search results:
You can read the entire fake news story about the Hindenburg Omen here.
The Hidenburg Omen is one of the most inaccurate market timing tools to ever exist. Its track record of false signals should delegate it to your trash bin. But even if you ignore this fact and actually want to use the Hidenburg Omen indicator, it's not giving a signal right now.
This is a fake news story because the Hidenburg Omen is NOT back. The company that owns the WSJ and MarketWatch is trying to manipulate you into thinking we have a Hidenburg Omen signal because they know you're too stupid to fact check them IMO.
The Hidenburg Omen does not give a signal until the $NYLOW:$NYTOT crosses above the red line while the $NYHGH:$NYTOT is above its red line at the same time. As you can see, we are no where near a Hidenburg Omen signal.
Establish Mainstream Media Push To Destroy Trump
A picture is starting to emerge that the big gambit of the Establishment mainstream media is to push down the stock market and attack President Trump at the same time.
What those who control the content on MarketWatch and the WSJ fail to understand is that they only discredit themselves the more they try and manipulate public perception.
Google Has Hopelessly Lost Its Way
Google rose to power off the backs of hard working entrepreneurs seeking to advertise over the Internet to compete with the rich and powerful that have controlled TV and newspapers for generations.
The Internet has always been, and will always be, a way for ordinary people to communicate ideas with other ordinary people without the interference of rich and powerful corporations acting as the medium of exchange.
Years ago, Google ditched the entrepreneurs that helped it rise to power and instead has cast its lot with the Establishment mainstream media.
Google Has Fully Transitioned Into a News Aggregation Service For the Establishment Mainstream Media
As Google search updates continue to be released every couple of months, one thing is clear, Google continues to make it harder and harder for ordinary people with alternative views to get web traffic from their search engine.
As Stock Traders We Have To See the News Behind the News
The Establishment mainstream media propaganda blasted across the Internet by Google is detrimental to your stock trading efforts. These publications will publish fake news reports like the Hidenberg Omen story above. They have an alternative agenda. Sure they sprinkle in a few stories here and there that may help you make money off a trade but their overall agenda is to destroy Trump and you and I are just collateral damage. Don't be collateral damage from the false narratives in the mainstream media news. You have to question EVERYTHING and take nothing at face value because your trading profits depend on it.
The stock market correction is likely going to push the S&P 500 to test its long-term rising trendline and support at 232.20. The bearish divergence on the Twiggs Money Flow likely signals that the pull back is not over yet.
A few traders have asked me if now is the time to buy or if they should wait on the sidelines while the market pulls back. We all know that history does not predict future price direction nevertheless, it is useful to know what has and hasn't happened in the past.
Looking at the last 110 years of stock market price action, the data reveals that waiting for a correction when the market was expensive would have reduced investor returns significantly. The reason is that the term “expensive” is a subjective term. Even if you use a more objective approach of looking at the P/E ratio, the data still shows that staying out of the market for months or even years waiting for a correction is a losing strategy.
Where long-term investors get themselves in trouble is that the correction they are waiting for may occur at a much higher market level than it is at today. Also, sitting on the sidelines for months or even years runs the risk of the investor losing patience and ultimately capitulating to the Bulls and buying back in to the market at a much higher level.
Few investors believe markets efficiently follow a random walk even though it's a key component of market theory.
Short Term Stock Market Correction
Timing a stock market correction for profits is best done using a short-term swing trading strategy. The idea is that you don't want to try and catch a falling knife.
Looking at QQQ, the Russell 2000, and the S&P 500, over the last week, you can see that the Russell 2000 and QQQ are leading the S&P 500 lower:
The market is telling us that what happens in the FANG stocks and QQQ will likely dictate market direction on the S&P 500.
With the Twiggs Money Flow breaking below zero for the first time in 2017, I think a retest of the $136 support level is likely.
Right now being in cash is an excellent move. Continue to stalk your favorite stocks for a swing long entry. I wouldn't be too quick to jump back into this market yet. Consider using stop limit orders as taught in the lesson here.
The main thing to watch out for is the Establishment ‘Defeat Trump' propaganda in the WSJ, CNBC, CNN, and elsewhere. These media groups are so dishonest that some were even claiming that the stock market went up because Steve Bannon left the White House. That was the propaganda narrative with CNBC claiming that traders on the NYSE floor cheered as proof. First of all, those old left-leaning talking heads in stock exchange clothing walking around looking stupid on the NYSE floor are not representative of the stock market as a whole.
For the first time in our life-times, we have a President who is exposing the Establishment propaganda media in this country. There is a major information war going on right now.
As a trader, you can't get caught up in the propaganda and the power struggle going on for control of public perception. You have to check yourself every day and make sure you aren't making trading decisions based on propaganda. If you think the mainstream media is getting into your head too much, cancel your subscriptions like I did with CNBC Pro last week, and the WSJ and Barron's the month before. Just turn it off because these propaganda machines are not going to help you make more money at stock trading.
Remember folks, markets mostly do random walks, especially during intra-day trading. No left-leaning propaganda media outlet can peer into the minds of millions of traders around the world and claim to know what they are thinking. These propaganda publications believe that perception is reality so if they can control the public's perception, they can control reality.
The U.S. stock market is overbought, and the weak seasonal period is upon us. May through October marks the weakest 6 months of the year.
I don't want to beat up on the mainstream media too bad so I'm not going to mention where I read the following bogus analysis:
Overbought markets look for excuses to sell off. Will Trump's lack of leadership become an excuse for a big selloff in stocks?
The mainstream media is actually talking about a stock market correction as if it is some type of external beast that thinks for itself and makes up excuses. Reality check: you and I are the markets. People that work at institutional trading firms and hedge funds are the markets. Are you looking for an excuse for the market to sell off? I'm not either. Nobody is. We're just reading the charts, analyzing the fundamentals, weighing external news events, and making our decisions. Nobody is searching under desks and looking everywhere for excuses to sell out of their positions. Especially not some make-believe entity called Overbought Markets.
Did you notice the Establishment propaganda “Trump's lack of leadership…”? You can criticize the President on a lot of things but one thing you can't criticize him on is a “lack of leadership”. President Trump is a strong leader with strong ideas and a vision on which he is moving to execute those ideas. Get in his way and “you're fired”. Trump demonstrated his very strong leadership skills for over a decade on the hit-show The Apprentice. President Obama isn't even in the same ballpark as President Trump when it comes to having strong leadership skills.
The main factors influencing a short-term stock market correction right now are: the speed of Fed rate hikes and balance sheet reduction, North Korea, the debt-ceiling, the economy, and the speed at which the Trump America First agenda is moving forward. Anything outside these main themes is likely Establishment propaganda by powerful groups battling to control public perception and thus reality.
The ‘Destroy Trump' establishment media propaganda machine continues to attack President Trump while quietly not reporting on how the left is destroying America's heritage and history.
In an unprecedented push to change the history of America, left-leaning groups and Democrat politicians are literally destroying statues of American history across this country. Reality check: the civil war was not JUST fought over slavery. I have studied under some of the most famous historians in this country such as Bill Coates and I can tell you that an in-depth study of history reveals that the Civil War was fought over many things and the knot that ties all these things together was a federal government in the North telling people in the South how to live.
Whether Lee, Jackson, and Davis were racists is not the point. They are, whether you like it or not, part of American history. Ripping down historic statues isn't going to change that fact. George Washington had slaves. Let's pull down all Washington statues. Where does it end?
This is clearly the destruction of American history and instead of reporting on the power movement behind destroying American history, here's what CNBC is doing:
One story sort of defends trump (green), while 5 stories (red) are grotesque propaganda pieces that are part of the ‘Destroy Trump' establishment media.
I quit subscribing to CNBC today. This is nothing more than political propaganda that has nothing to do with helping readers make money in the stock market.
Check out the stories that Google News is featuring prominent in their Google News section:
In a good and just news industry, there should be lots of stories about the movement to destroy and re-write American history by left leaning groups. We actually have a power movement underway to destroy America's historic statues and effectively strip history away from the people and yet no one is reporting on the left leaning groups behind this push and what their ultimate agenda really is.
Sean Hannity is the only journalist that got it right IMO:
I got this fake Trump email in my inbox today from the Republican party. First, read the email supposedly from President Trump and then I'll explain why it's fake. Note: Every CONTRIBUTE word below is actually a button in the email that links to a Republican website for processing donations.
Fake Trump Republican Email Blast Sent Out On 7/28/17
From: Donald J. Trump [firstname.lastname@example.org]
Subject: White Noise
Date: Fri, Jul 28, 2017 at 1:45 PM
Can you believe it? I’ve been in office now for six months, fighting back against the liberals and their crony agenda for YOU — the Americans who have supported me through thick and thin.
DESPITE their endless lies and the flood of Fake News, we’ve accomplished so much already — all thanks to YOUR incredible support. Together we’ve brought back thousands of jobs, fought back against radical Islamic terrorists, and scrapped the CORRUPT globalist deals that drain our wallets and weaken America.
But the Washington status quo HATES what we’re doing. They’ve made a lot of money off of business as usual. And now they’re fighting back…
That’s why I’m turning to YOU as our end-of-month deadline approaches, Lance. We must end the month STRONG.
CONTRIBUTE OTHER AMOUNT
You voted me into office to focus on the issues – unlike the FAKE NEWS media which only cares about peddling phony stories and lies that our movement is losing support.
We can’t let the opposition gain any ground. We MUST show them that their hateful bullying hasn’t weakened our resolve to work together for this beautiful country you and I love.
I’m reaching out to you personally to help us crush this goal and show the failing “journalists” at CNN and all the other liberals that they’re nothing but Fake News and white noise.
They’ll try to attack us no matter what, but when we PROVE YET AGAIN that you — my loyal supporters — are still behind our movement, we will beat the clueless Democrats and the failing liberal news networks at their own game.
Help us crush our End-of-Month goal to show the opposition that you, the American people, stand behind our America First Agenda by contributing $100, $50, $35, $15 or even $5 today.
THANK YOU FOR STANDING BY MY SIDE!
Donald J. Trump
P.S. MAKE AMERICA GREAT AGAIN!
Paid for by the Republican National Committee. Not authorized by any candidate or candidate's committee. www.GOP.com
We believe this is an important way to reach our grassroots supporters with the most up-to-date information regarding the efforts of the Republican Party and President Trump, and we’re glad you’re on our team. It’s because of grassroots supporters like you that we will Make America Great Again, and we appreciate your support. Thank you for all that you do!
Why President Trump Didn't Write This Email
Funny that an email being critical of fake news is itself a fake Trump email. It's a fake fake thing.
Notice how well written the email is with proper grammar and punctuation. President Trump does not speak or write with college-level grammar and punctuation like this. President Trump has spent his life working in the business sector which strives to communicate at a 6th grade level so that commands are quick, clear, and concise. In the business world Trump comes from, anyone using the “King's English” is told to communicate in simple, short, and direct terms at nothing higher than a 6th grade writing level. It's impossible to suspend disbelief and actually believe that President Trump personally wrote this email.
Republican Party Sees Trump As a Marketing Ploy
The Republican party seems to be a bit weak on fundraising and marketing skills. They packaged Trump's fake news and Twitter comments into a brand that they can raise money from. Reality check: the Republican party did everything it could to sabotage Trump's run for office. They even made Trump sign a pledge that he wouldn't go to the Independent party to which Trump signed the pledge and told them as long as they treat him fairly. The Republican party did not treat him fairly. The Republican Establishment used Fox News and Bill O'Reilly and Megyn Kelly to launch attack after attack against then candidate Trump, likely at the bequest of the Bush family.
The Republican party stacked the audiences at the Presidential debates in favor of Jeb Bush and Marco Rubio. That is why the TV audience always heard cheers for Jeb and Rubio, and often boos for Trump. Audience stacking was psychological manipulation of the TV audience with the intent of giving the audience at home the impression that Trump lost each debate.
When Marco Rubio said bad things against Trump, the Republican mainstream media hardly reported it but when Trump said something against Rubio, Fox News and Bill O'Reilly and Megyn Kelly went out of their way to report what Trump said and then use it to bash him. Only Sean Hannity's program wasn't involved in the blatant attempt to defeat Trump.
The Republican party set up PACS to defeat Trump. The Republican party did not financially help Trump until the very, very end of the campaign. The Republican party spent millions on helping other candidates. Trump had to go to the American people to ask for money and then he had to put up his own money. Basically the Republican party thinks you and I are stupid and that we have forgotten their despicable role in trying to defeat Trump.
The GOP has some nerve now trying to ask us for money.
The Republican Establishment Is to Blame For the Financial Crisis
The only reason that a socialist like Obama won the White House twice is that the public was outraged by President Bush's stupid deregulation agenda that led to the unbridled pursuit of greed which led to the complete collapse of the global financial system. Also, Obama won because he was african-american and many hoped that the election of the first african-american president would improve race relations in this country. Obama and the people he appointed to office turned out to be a disaster for race relations in this country.
Everything that Obama did that has harmful to the private sector was the result of President Bush deregulating everything and everyone and allowing them to do whatever the heck they wanted. We had CC fraud, home mortgage fraud, investing fraud, banking fraud, education fraud, environmental fraud, and so on.
Don't get me wrong. Democrats and Obama are to blame for what they did when they had the White House. Nevertheless, Bush and the Republican Establishment are to blame for Obama and Democrats getting into the White House in the first-place.
A Vote For Trump Was A Vote For Trump
A vote for Trump was not a vote for the Republican party. It was a vote for Trump. Sure, many people will vote for whoever a party puts forth as a candidate. But many people, myself included, refuse to be put into a prison where we have to vote for a candidate of a particular party. Many of us voted for Trump to drain the swamp and that includes ousting Republican and Democrat Establishment people.
The Republican party's cheap trick at sending out a fake Trump email in order to raise money for the GOP, who tried to prevent Trump from getting in the White House in the first-place, must have been a hard pride-pill to swallow.
Most people voted for President Trump because they want better jobs and financial opportunities. We all know that the mainstream media (that includes Fox News) is a propaganda machine used by the rich and powerful. All this talk of fake news is silly, especially within the context of a fake Trump fund raising email.
What are your thoughts on the mass Republican spam email sent out this morning? Will you be donating? Leave your comments below.
There were a few key revelations in today's testimony by Comey but the one that's unbelievable is the fake news story of Trump under investigation by the FBI. We now know that President Trump was never under investigation! What?!
Trump Under Investigation by the FBI… Not True!
The entire argument of the Democrat controlled mainstream media was that Trump was being investigated by the Federal Bureau of Investigation and so he fired FBI chief Comey. That's not what happened. The President was never being investigated by the FBI!
Little Marco became Big League Marco when he asked Comey why there was so many leaks about Trump but never a leak revealing that the President was never being investigated for anything! Check it out:
Marco Rubio said, “Do you ever wonder why, of all the things leaked in this investigation, is the fact that the President was not personally under investigation despite the fact that both Democrats and Republicans and the leadership in Congress knew that and have known that for weeks?”
Oh behave Marco! That question really reveals the true intentions of what Democrats and their mainstream media groups are trying to do. Folks, this is all about information wars and manipulating the public.
Trump Under Investigation by the FBI Was Fake News
Since Google and Facebook are supposedly trying to block fake news, where was the blocks coming on CNN, NBC, MSNBC, and CBS for claiming that Trump fired Comey because Comey was investigating him? Where was Democrat controlled “PolitiFact”, which Google and Facebook are using for their fake news filters, why didn't PolitiFact report the idea that Trump was being investigated as false?
Like I told you before, fake news filters are all about silencing free speech over the Internet because mainstream media propaganda doesn't work as well as it used to. Hillary Clinton recently revealed this when she claimed that it was because of the Internet that she lost.
The globalist Establishment hates the Internet because they haven't been able to control the conversation and thus what people are thinking. Google and Facebook's push to block fake news and then using Democrat leaning groups like PolitiFact and Snopes as their filters is a sick joke IMO.
Trump under investigation by the FBI was fake news and so I hope Google and Facebook have taken notice and thus will penalize these sites in news searches in the future. Yeah right, that will never happen.
President Vladimir Putin is speaking out (link to video above) about the fear of Russians in the deep-state and consequently US mainstream media. The anti-Russia propaganda in the mainstream media is the poster-child for fake news.
If you were to believe the propaganda in the mainstream media, you would expect Putin to be talking about how much he hates the U.S. and how he's ready to go to war if we try and use NGOs to overthrow another country like we did with Ukraine. Instead Putin came off as a very smart and rational leader who wants safety, security, and prosperity for the people of Russia.
Fear of Russians Made Up Says Putin
Putin said, “I think we all desire safety, security, prosperity and cooperation – so don't invent the mythical Russian threat, some kind of hybrid wars and so on. First you invent it, then you scare yourselves and on this basis formulate policy. The main security threat in the world today is what? Terrorism. They blow up Europe; in Paris, in Russia, in Belgium. There is a war in the Middle East. This is what we should be thinking about, but here we are debating the threat that Russia poses.”
Putin nailed what the globalist controlled mainstream media is doing in the US. The media made up fake news about how Russia is such a big threat. Then when everyone gets really scared about this completely fabricated external threat, Congress then formulates policies against Russia.
It's like Russia is the giant scapegoat for globalists. Rather than Democrats losing the battle of ideas and facing the backlash of the American people for bringing the economy to the edge of bankruptcy, redirect Hillary Clinton's loss into the fear of Russians hacking into our elections. Instead of globalism being discredited by decades of multiculturalism that has left western civilizations exposed to barbaric Muslim attacks, blame Russia for supporting Syria.
The most enlightening part of the Putin interview was when he said, “You know, I’ve communicated with one US president, and with the second, and with the third – presidents come and go but the politics remains the same. Do you know why that is? Because the bureaucracy has a lot of power. So a person is elected, he comes with his ideas. Then people with briefcases come to visit him – well dressed, in dark suits, kind of like mine. Except instead of a red tie it’s black or navy. And then they explain what to do, and the whole rhetoric changes, you see? This happens from one administration to the next.”
What Putin just described is the “deep-state” which he calls “the bureaucracy”. These non-elected bureaucrats' power spans far beyond Presidents 4-year terms. Our free democracy and Republic is not suppose to work like this. The Constitution was written so that everybody in government is held accountable to the people within a system of checks and balances and ultimately term-limits of the President. The deep-state or the bureaucracy works outside this framework and dictates policy direction no matter who is elected by the people.
I find the existence of a deep-state which operates outside the US Constitution far more scary than the fear of Russians being pushed in the mainstream media.
Looking at Federal Government tax revenue is an excellent way to measure the health of the economy. Most investors overlook using tax receipts as a way to cut through the political propaganda in the mainstream financial media and to see the economy the way it really is.
Federal Government Tax Revenue Dropping Fast
Government tax receipts are falling fast. In fact, the Washington Post (link above) reported last week that the Trump Administration has warned that because tax receipts are coming in so slowly, the government could run out of cash sooner than expected if the debt ceiling is not raised.
Democrats and Republicans ran this country into the ground by bringing this country to the edge of bankruptcy at $20 trillion in debt. But there's more. Democrats increased government regulations and raised taxes at the same time to pay for those regulations. This has made the economy so weak (increased government regulations shift the supply curve inward) that now Federal government tax revenue is falling. Worse, we have the Democrat-appointed Janet Yellen raising rates into the weakening economy. That's a really bad combination. I get the argument that the Federal Reserve needs to hike rates and push up bond yields to stop pension funds from collapsing. But that's a big gamble by the Fed that could result in a bear market.
Globalist controlled Bloomberg published an article (link above) that the entire planet is in danger now that the US has left the Paris Agreement. Stupid comments like that make you realize just how dumb and anti-American Bloomberg really is.
The globalist propaganda article even says that the US is the biggest loser because of President Trump's decision. How anti-American is that?
Reality check Bloomberg: Americans are the biggest winners from President Trump's decision as fewer of our tax dollars will go to support globalism in the name of climate control.
Paris Agreement Means US is the Biggest Loser? That's Not Based In Economics, That's a Flimsy Subjective Opinion
Bloomberg's Eric Roston goes on an anti-American rant that the Paris Agreement exit means that the U.S. will lose its economic competitiveness, technological innovation, and global leadership. Did it even occur to Roston that US companies will continue to develop and make environmental technologies and sell them to other countries while at home, well, we'll do things cheaper thank you very much.
Even a basic education in economics one learns that environmental regulation shifts the supply curve inward and thus raises prices while reducing demand. This contracts the entire GDP.
What about increases in government regulation on businesses such as tougher clean air or clean water requirements? What would be the impact on the AS curve?
Bloomberg is not about publishing real articles based on time-testing economics and the ridiculous article from Eric Roston really proves that point. I still love you Bloomberg but you got to publish better articles on the Paris Agreement that are grounded in economics instead of this subjective globalist propaganda. And please, be a little more patriotic and show some American pride. After all, it's Americans that made your business what it is to today. A little gratitude and pro-Americanism would go a long way.