A weekly Saturday night financial show that attempts to predict market direction for the week ahead by looking at a variety of technical and fundamental indicators. This week’s show includes commentary on the Fed’s first and only rate hike in 2016, Eli Lilly’s long-acting Basal Insulin that’s now available in the US, takeover rumors circulating (Read More….)
December 13, 2016: Sold today and booked a 1% profit on an inverted hammer pattern. Congratulations if you made money on this trade.
December 12, 2016: Mizuho reiterates a Buy rating on Alphabet, and sets a price target of $1,025. Mizuho says that Google is currently testing few new products which could drive incremental search (Read More….)
With the stock market hitting all-time highs, everybody wants to know if we are in a giant bubble.
You can’t trade and make money if you’re not in the market. If the fear that we are in a bubble is keeping you out, then you’re not making money.
The honey badger doesn’t care. The honey (Read More….)
The weekly Saturday night show broadcast every Saturday night on YouTube. Know what to focus on and be prepared for what happens in the week ahead.
The rally in stocks from short covering is coming to an end as evidenced by the falling Twiggs Money Flow on all the major indices. I wrote about the Trump short covering rally here. I said a week ago that when we see a negative divergence between the Twiggs Money Flow and the major indices, (Read More….)
The high yield debt chart is very troubling IMO. If we overlay the S&P 500 and the high yield debt chart, a huge bearish divergence is revealed. Check out this chart with the red line being the S&P 500 and the purple line being high yield debt.
High yield debt (purple) is nowhere near (Read More….)
Black Friday sales hit an all-time high record of $3.34 billion or 21.6% growth year-over-year. Mobile accounted for $1.2 billion of those sales, a 33% increase from the previous year. TechCrunch writes…
Combined with yesterday’s $1.93 in online sales on Thanksgiving, the two days are expected to close out at nearly $5 billion in sales. (Read More….)
We know what Trump is bringing to the globalists brawl that has already begun with shots like China threatening a trade war against the US. Globalists are not going just to roll over quietly for a Trump Administration.
Lisa Haven thinks that globalists could crash the US economy in response to Trump’s win. Lisa thinks (Read More….)
When I expressed caution to a trader last week and that the market exists to ruin the greatest number of amateur traders at any given time, the trader replied I don’t believe that. Another trader I expressed caution to about this market told me I have to just ride the wave higher.
Folks, your goal (Read More….)
Whether we are talking about individual stocks, the stock market, or the economy, when you’re wrong just admit it and then move on. The goal is to make money, not to be right 100% of the time so you can stroke your ego.
AM TV and Peter Schiff predicted that the Federal Reserve could not (Read More….)
The national debt in the U.S. is going to explode higher during a Trump Administration. My prediction is that by the end of Trump’s first term, the national debt will be more than $23 trillion. It took 240 years to build up the first half of our debt. Democrats and President Obama doubled that in (Read More….)
Investing in the virtual-reality (VR) space is hazardous at this time but I have a company to invest in that will minimize the downside risk of VR if it turns out to be a consumer dud. We don’t know if customers will be interested in spending their increasingly scarce dollars on VR, but I think (Read More….)
YouTube subscriber Tami asks, “I saw the YouTube video on the stock market crash projections. My son and I watch you frequently and think you are great. Do you think it is still good to stay in gold and mining stocks?”
Thank you so much for your kind words Tami. Here is how I think (Read More….)
Beyond any doubt, we have a horrific trend of rising armed violence across the US. I warned about this rising destabilizing violence here. At some point, something colossal and dangerous is going to happen, and it’s going to crash US markets. We could be looking at our next Black Swan event.
Below is an interactive (Read More….)