Interesting that both the Nikkei and Shanghai closed almost unchanged following a similar trading pattern today but the Hang Seng really could not even attempt break-even, closing down 0.6% on the day. The JPY closed above the bullish reversal but we have a large gap to wait for the weekly. In late US trading the […]

The first Minor Weekly Bearish Reversal in the Dow lies at 17434. A closing beneath this for the week will confirm what already appears to be in motion after electing three Daily Bearish Reversals. The next critical area is 17120, which happens to be a Daily and Weekly Bearish Reversal. This is the primary support. […]

Japan’s GDP showing today finally provided signs of life when the expected number of 0.1% was put to shame with a 0.4% print. However, it was only enough to rescue the Nikkei from the selling but did help to provide the days highs. By close of business the index had drifted back only to close […]

Things all looked good in Asia with the Nikkei closing up a little over 1%, Hang Seng following its lead gaining 1.2% and so it was only Shanghai that returned a small negative on the day. All was good following the strong US session and so we were lead mostly by energy and miners (BHP on the […]

The lastest polls show that 2/3 of the German population have had enough of Merkel. I have warned that 2017 is the political year from hell. We have the BREXIT this June, the USA presidential election (Trump v Hillary), Holland in France, and Merkel in Germany. These are the four big elections we have to pay […]

https://www.youtube.com/watch?v=UTMxfAkxfQ0   This is an excellent documentary that exposes the truth about the EU and how Brussels was established to deny the people any possible right to vote against government. The EU Parliament is the only such entity in the world that has no power to create or vote on laws. In fact, it is […]

China’s trade balance (released overnight) was not great (Est. $40bn but the actual release was $45.56bn and exports contracted 1.8% in April) and had a negative effect on equities from the open. The Nikkei and Hang Seng were heavily influenced by oil’s rally given the very sad news of the Alberta fire incident. Japan and […]

QUESTION: Marty; Are you saying that Bill Gross is wrong and they will not try “helicopter money” again or that “helicopter money” will not stimulate the economy? ANSWER: Whether or not the Fed tries to apply “helicopter money” is highly debatable. Bill Gross DID NOT make a forecast that any QE (Quantitative Easing) would be successful or […]

In the Dow, we have technical support at 17573 and a Daily Bearish Reversal at 17568. At the time of this posting, the Dow is trading at 17633 and the low has been 17580. A closing beneath this level will warn we could see a decline into the week of the 16th. The primary Weekly […]

On Tuesday, Ted Cruz ended his campaign. His loss in Indiana extinguished any chance of denying Mr. Trump the nomination. Trump easily took Indiana, demonstrating that the people are simply angry at those in Washington. Trump said, “We’re going after Hillary Clinton.”  Our models have shown that the Republicans should win. Only one of our four […]