Stocks & Equities

Gold Swoons But Novo Blasts Higher

Posted by Morris Hubbartt - Super Force Signals

on Friday, 16 March 2018 07:30

These great charts as usual clearly show opportunities both long and short in everything from individual stocks through Commodity and Stock Market ETF's. Besides the individual stock Novo, be sure to listen to Morris's analysis of the Nasdaq Triple Bear ETF & GDXJ Short Term Chart - R. Zurrer for Money Talks

Today's videos and charts (double click to enlarge):

SFS Key Charts & Video Update




Timing & trends

An Incredible Bull Market You’ve Never Heard Of

Posted by Paul Mampilly - Banyan Hill

on Friday, 16 March 2018 06:10

While there are fortunes being made in art and collectibles by rich investors, this particular powerful bull market is being driven by modestly funded millennials. A quick look at the chart of this developing bull market certainly indicates it has much further to go - R. Zurrer for Money Talks

A Big-Money Bull Market

It’s the market for sneakers. Yes, sneakers.

Google “Air Jordans” and you’ll see a good example of what I mean.

What you’ll find is thousands of websites like SoleCollector.com that are dedicated to tracking shoes, including those that are put out under the Air Jordan brand.

And people are making big money from buying and selling these sneakers.

For example, you could have made 900% on a pair of Air Jordan 2 Retro “Don C” shoes.

Or 426% on a pair of Air Jordan 10 Retro “Double Nickel” shoes.

Sneakers are a new category of collectibles that’s come about in the last 20 years. And prices are skyrocketing for the most collectible ones, like LeBrons.



Click for Larger Chart

No wonder then the business of the companies that make sneakers have been soaring for years now.

The three main companies in the sneaker business are Nike, Adidas and Puma. These are big, global brands that are doing great business, and their stocks are soaring higher too.

Market For Sneakers

Kering (OTC: PPRUY), which is the company that owns Puma, is up 134%, while Adidas AG (OTC: ADDYY) is up 185% and Nike Inc. (NYSE: NKE) is up 71%.

These returns are crushing the S&P 500, which is up just 40% in the same time period.

Market For Sneakers


Click for Larger Chart

Now, the reason why sneakers are so hot is because of something I’ve told you about before — the coming of age of the millennial generation.

You see, it’s their buying that’s bidding up the price of Air Jordans and LeBrons … and in turn, it’s that same buying that’s making sneaker company business sales jump, and their stocks rocket higher.

I believe that the sneaker market is going to keep running higher as millennials gorge on their sneaker collections. And that in turn is going to keep revving the stocks of most sneaker companies higher.



Mike's Content

The Latest on Real Estate

Posted by Michael Campbell Interviews Kyle Green

on Thursday, 15 March 2018 08:31

Michael asks Kyle Green where the flow of investment $'s are going in real estate & what impact the new mortage rules have had.

....also from Michael: How to Generate More Income in Your RRSP



Timing & trends

Bitcoin – Oversold and Into Support

Posted by Ross Clark - Institutional Advisorsk

on Thursday, 15 March 2018 06:58

Ross Clark has specialized in technical analysis of the markets since the 1970’s. Through exhaustive historical analysis he is so good at market timing and shifts in asset allocation that Bob Hoye of Institutional Advisors brought him onboard. Today he gives quite an education in Post-Bubble environments and relates them to a current existing opportunity in Bitcoin. R. Zurrer for Money Talks

Bitcoin – Oversold and Into Support

Post-Bubble environments have some of the most repetitive characteristics as they unwind the excesses of the euphoric phase that took them into the top. Most result in lengthy bear markets (Dow 1929, Gold 1980, Nikkei 1989, NASDAQ 2000, Silver 2011, 3-D Systems 2014 & Shanghai 2015). A few manage to form new bases from which to move to new highs (Biotech’s 2015 & Canopy Growth 2016).

Excuse the busy chart


Click Chart for Larger Image

The overbought rally into January 8th (red arrows) in Bitcoin (NYXBT) and Bitcoin Investment Trust (GBTC) provided a secondary sell signal following the Sequential 13 Sell on December 19th. Prices then dropped 65%. Good interim lows at that point in ‘Post Bubble’ markets have occurred around the 50-week ema or 100-week simple moving average. . . when coupled with a weekly CCI(8) reading of -150. Bitcoin generated a reading of -149 and GBTC at -143 at the 50-week ema during the February 9th low (blue arrows).

The next action was a retracement rally to February 20th, trading temporarily above our upside target of 10,600. It created the characteristic daily overbought signal against the upper 20-day Bollinger Band (green arrows). As of Friday, it has dropped to the lower Bollinger and Keltner

bands (orange arrow). Keltner Bands are a style of volatility band using Average True Ranges and generate a smoother band.

Whatever low is created within the next few days should become the critical one. We can expect a rally back through the upper Bollinger Band and more likely to the Keltner Band (currently 11,886).

The ability to hold above the low at this point of development was the case following last July’s low at $7.73 in Canopy Growth. The biotech index (BTK) did the same thing in 2016, holding above its July low of 2807. These went on to new highs. The other six examples violated the support (red line) and went on to make multi-year lows.

Weekly charts of other bubbles.
Red arrows identify secondary daily sale after the top.
Blue arrows are oversold weekly CCI(8) readings. Green arrows are next daily overbought
signal.. Orange arrows are daily oversold at the Bollinger Band. Note how important the red support line becomes.



Stocks & Equities

Downward Pressure Mounting

Posted by Paul Rejczak

on Thursday, 15 March 2018 06:40

Paul Rejczak highlights the current situation in all-three stock indices and lists the support points to buy should the market should be lower today. He also analyses the high flyers Apple and Amazon and their negative trading action of the last two days - R. Zurrer for Money Talks

Downward Pressure Mounting

The main U.S. stock market indexes extended their Tuesday's losses, as they closed 0.2-1.0% lower yesterday. The S&P 500 index lost 0.6% following Tuesday's bounce off resistance level at 2,800. However, it remained at the support level of last Friday's daily gap up. It currently trades 4.6% below January 26 record high of 2,872.87. The Dow Jones Industrial Average was relatively weaker than the broad stock market, as it lost 1.0% and the technology Nasdaq Composite lost just 0.2%.

The nearest important level of resistance of the S&P 500 index is now at around 2,775-2,780, marked by yesterday's daily high. The next resistance level is at 2,790-2,800, marked by short-term local highs. On the other hand, support level is at 2,740-2,750, marked by Friday's daily gap up of 2,740.45-2,751.54. The next level of support is at 2,700-2,720, among others.

The S&P 500 index reached its record high on January 26. It broke below month-long upward trend line, as it confirmed uptrend's reversal. Then the broad stock market gauge retraced all of its January rally and continued lower. The index extended its downtrend on February 9, as it was almost 12% below the late January record high. We can see that stocks reversed their medium-term upward course following whole retracement of January euphoria rally. Then the market bounced off its almost year-long medium-term upward trend line, and it retraced more than 61.8% of the sell-off within a few days of trading. Is this just an upward correction or uptrend leading to new all-time highs? The market seems to be in the middle of two possible future scenarios. The bearish case leads us to February low or lower after breaking below medium-term upward trend line, and the bullish one means potential double top pattern or breakout above the late January high. However, the most likely scenario may be that stocks go sideways for a while, and it would be the worst future scenario:

Uncertainty Following Move Down

The index futures contracts trade 0.1% higher vs. their yesterday's closing prices, so expectations before the opening of today's trading session are slightly positive. The European stock market indexes have gained 0.2-0.3% so far. Investors will wait for some economic data announcements: Empire State Manufacturing Index, Philly Fed Manufacturing Index, Initial Claims at 8:30 a.m., NAHB Housing Market Index at 10:00 a.m. Will yesterday's move down continue? The S&P 500 index reached its Friday's daily gap up, which may act as a short-term support level. If the market breaks lower, it could continue towards the level of 2,700. But for now, it looks like a downward correction. So, we will likely see more fluctuations above support level of 2,750, and below resistance level of 2,800.

The S&P 500 futures contract trades within an intraday consolidation, as it retraces some of its overnight move down. The nearest important level of support is at around 2,745-2,750, marked by local low, among others. On the other hand, resistance level is at 2,775-2,785, marked by yesterday's local high. The futures contract is below its short-term downward trend line, as we can see on the 15-minute chart:



Click Chart for Larger Image

Nasdaq Remains Above 7,000 Mark



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