Truths Half Truths & Deceptions

Dystopian

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Tempting Tuesday – Stop Buying that Dip and GET OUT!!!

GET OUT!!!  In this year's horror hit, "Get Out" the main character gets his warning just one time, early in the film. I don't know if it's early or late in the Stock Market Film but I did, very clearly, tell people to GET OUT!!! in yesterday morning's PSW Report and I repeated that warning live at the Nasdaq at 10:30, causing the index to drop...

Just Another Manic Monday – Tax Free Edition

The tax bill passed! That's right, the GOP Senate passed the Trump Tax Plan when all the GOP Senators voted for it – what a surprise. In other news, water is wet. Still, the markets are acting like it's a surprise with the Dow up 227 points in pre-market trading and that's up about 500 points from Friday's lows – in that brief moment we though T...

Record High Wednesday – We Will All Be Billionaires

America is great again. There's no denying it – from a stock market perspective, it doesn't get any greater than this. Forgive me for not believing but how can you deny how easy it is to make Millions in this market. It's the largest cash giveaway of all time – and all you have to do is play along. Out Long-Term Portfolio, for example, is just u...

iPhone X and Durians 2 Things Chinese Will Queue For

The King of Fruits deserves a mention in my blog. :-)  https://www.bloomberg.com/news/articles/2017-11-28/the-fruit-that-smells-like-gym-socks-is-skyrocketing-in-china

Large Caps (Financials) Make The Jump Against Tech

Courtesy of Declan. In the end, it wasn’t Tech to surprise with an acceleration past its bullish rising channel but the S&P and Dow with fresh breakouts.  A confluence of positive data fueled the advance in Large Caps along with a dollop of short covering. Tuesday’s action ranks as a breakout in this indices and brings into play new support...

It just got real.

Posted November 27, 2017 by Joshua M Brown “The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.”– F. Scott Fitzgerald This weekend, over 100,000 new Coinbase accounts were opened, presumably by people who had an overzealous nephew at their Thanksgiving...

Monday’s Mandarin Meltdown – Chinese Markets Make New Lows

China's markets fell 2-3% this morning. Losses for Chinese companies came after the yield on the nation's 10-year Treasury note ended unchanged at 3.98%, trading within a striking distance from its three-year high. "Whether the selloff is a slight correction after a strong surge in 2017, or steeper declines on the way, remains to be seen," Husse...

Temperature Tantrum Tuesday – Planet Earth Attacks Trump’s Properties

20-50 years. Not hundreds of years, not even 100 years but "20-50 years" is how long we have before the oceans are 3 feet higher than they are today. New studies of Pine Island Bay in Antartica have cause climate scientists (the 97% that say Global Warming is real and actually happening) to drastically revise their estimate of how quickly this p...

As Bitcoin Tops $8,200, Only 39% Of Survey Respondents Say It’s A Bubble

Courtesy of ZeroHedge. Having first surged above $8000 overnight amid Zimbabwe's chaos, it appears uncertainty in the core of Europe has driven further demand for cryptocurrencu protection, sending Bitcoin to a new record high of $8247 – up 50% from the 'Bitcoin Cash' crash weekend lows.  image courtesy of CoinTelegraph As CoinTelegraph reports...

US Bulls Trap Bears

Courtesy of Declan. As this rally has often done, just as you expect a reversal to start, bulls come in (hard) to bid up the market. The S&P had the clearest switch as it moved from a ‘bull trap’ to a ‘bear trap’. If it can post a break of 2,597 it will have little to stop it; in such a scenario watch for a fresh MACD ‘buy’ which would confi...