EURO EXPLODES TO TWO YEAR HIGH Excerpted From:  --SOURCE: 07-21-17 ZeroHedge - "Euro Surges To 2-Year High In "Bipolar" Draghi Reaction; Futures Flat" -- .... Attention was on the EUR in the aftermath of Thursday's paradoxical Draghi press conference, which led to a "bipolar" market reaction, seen as dovish by rates while hawkish by FX.  The euro's surge […]

THE DEATH SPIRAL OF FINANCIALIZATION -- SOURCE:  07-19-17 - Charles Hugh Smith "The Death Spiral of Financialization" -- Each new policy destroys another level of prudent fiscal/financial discipline. The primary driver of our economy--financialization--is in a death spiral. Financialization substitutes expansion of interest, leverage and speculation for real-world expansion of goods, services and wages. Financial "wealth" created by […]

SII: RETAIL - SALE OF ABERCROMBIE & FITCH FALLS APART POSSIBLE "TECHNICAL" BOTTOM WITH AUGUST 2017  EARNINGS RELEASE -- SOURCE: SII: RETAIL - SALE OF ABERCROMBIE & FITCH FALLS APART 07-18-17 Reuters - "Abercrombie & Fitch investor calls for buybacks after failed sale" -- (Reuters) - An investor in Abercrombie & Fitch Co (ANF.N) on […]

GLOBAL CENTRAL BANKS FAILING TO ACHIEVE 2% INFLATION TARGET THIS PLACES TIGHTENING POLICIES IN JEOPARDY

GLOBAL CREDIT IMPULSE (2nd DERIVATIVE OF GLOBAL CREDIT GROWTH) CONTINUES TO DETERIORATE

Our weekly view shows VC in the middle of a long term channel; at the beginning of this year we can see the recent lift starting in earnest as it makes its final push off channel support.   The daily chart (right) shows the current market lifting within a smaller blue channel and bouncing between […]

Our long term weekly perspective (left chart) shows AXL in a potential contracting wedge pattern.  Solid orange highlights the patterns support & resistance; breaking these offers potential opportunities for the next significant move from the market.  Along with the patterns support & resistance, blue s/r zones can be seen to have held the market, both […]

The weekly view for LEA (left chart) shows a large lifting expanding wedge, with the market now at the top resistance of the pattern. The daily chart on the right gives us a closer look at the recent consolidation pattern since the market has reached the weekly pattern resistance. Solid orange lines highlight significant technicals […]

EVENTUALLY SOMETHING WILL BREAK - TIME TO PREPARE IS NOW!   WHEN THIS HAPPENS: DRIVEN ONLY BY THIS: CORPORATE STOCK BUYBACKS AS A RESULT OF THIS: WITH THIS ANNOUNCED: IT IS TIME TO PREPARE FOR THE EVENTUALITY

DOLLAR HITS A NEW 2017 LOW ON SOFTER THAN EXPECTED US DATA Summary: The greenback slipped to a new low this year after bad U.S. economic releases. Gold ended its downtrend since 6, June low as it broke above H4-period EMA60. We will get monetary policy decisions both from BOJ and ECB. U.S. dollar weaken […]

WE HAVE INFLATION - BUT JUST NOT ENOUGH IN THE SHORT TERM FOR THE FEDERAL RESERVE

SILVER TESTING CRITICAL POST 2008 TREND-LINE SUPPORT    

JULY S&P 500 TARGETS TARGETS S&P500 THERE IS A POTENTIAL 2017 FINAL LIFT TO  ~2550 BY Q3 FALL 2017 EARNINGS SEASON (Based on the MAJOR Trump Tax Announcement ACTUALLY BEING ENACTED BY Q4 2017) SUPPORT The 2550 lift appears to be beginning a 5 wave advance with us presently in  wave 1) Wave 2 and 4 […]

ELLIOTT WAVE THEORY INDICATES STRONG PROBABILITY OF PATTERN CULMINATING IN FALL 2017