We seem to be in a race to see who can ask government to hold their money. This is the classic flight to quality (i use that word loosely). The talk on the street is always trying to find a fundamental to fit to the price action. Plunging oil prices are signs to economic […]

QUESTION: Many thanks again for the stream of clarifying observations posted daily — hugely appreciated. I was struck when reading that 2015.75 could be a low.Would this not permit a drop to cross 11,750? And would such a resulting chart pattern not be remarkably bullish? In effect might not the drop be an amplified echo of that […]

  The Dow held the Daily Bearish at 16319. Therefore, if the low of 10/13 holds, we should bounce back into Thursday-Friday. But this would be just a bounce. We can see from the technical chart that once that uptrend line was broken, there was just the collapse. Typically, we would rally back and bounce […]

Artur Mas Prime Minister of Catalonia, cancelled the planned independence referendum in the northeastern Spain region. At a meeting with the Catalan party leaders, the Prime Minister announced on Monday in Barcelona officially, that the legal basis for such a vote on November 9th does not exist bowing to pressure from Brussels. The Spanish Constitutional Court had the […]

Yes the Daily Bearish is at 16319. It appears we have penetrated the low of August 6th which was 16313. This warns that the correction has unfolded. Resistance will form tomorrow at 16634 followed by 16660. The 16324 area is a critical pivot point this week. We still see the primary support in the 15900 […]

  Support in the Dow today lies at 16,451. Weekly support begins at 16,170 and key support remains at 15,961. We really need a closing back ABOVE 17000 just to firm support. Otherwise, a bounce is likely with a turn back down into November.

When the final epitaph is written on the decline and fall of Germany, how will it review Merkel? With fond memories or the catalyst of doom? In the background of the war rhetoric against Russia, the European financial crisis continues to smolder where the stench is starting to be noticed as the Euro keep declining. European […]

In terms of age, the 16-35 year-olds were divided, yet there was a pro union majority for the over 65 group counting on pensions. 16 and 17-year-olds voting 71% yes. 18-24-year-olds voted 52 to 48 against independence. 25-34-year-olds voted for Independence. 65s+ voted 73% to 27% to stay in the Union. The results show that the […]

  Here is a two-part conversation between Glen Downs on Capitol Hill and Martin Armstrong covering the political atmosphere in conjunction with the unfolding of the economic trend. Part 1 Part 2

The July high seems to be unfolding nicely in the US share market as we warned at the World Economic Conference. The computer seems to have done an excellent job targeting the week of 14th as the Directional Change.   A closing for July BELOW 16695 will warn that we are starting to lose the […]