Technical Indicators

Mint Partners: "What's Going On Is That Strong Hands Are Selling To Weak Hands"

"In case you haven’t noticed, the SPX remains firmly ensconced between 2400 and 2500 where it has been since late May. So it’s going on four months that the market has been stuck in this range. We believe what we are experiencing is distribution. By that we mean strong hands are selling to weak hands."

Bill Blain: "The 1-, 4- And 10-Year Cycles Top Out Mid-August At Which Point Be Very Afraid... Or Something Like That"

"Steve has thrown his bag of market bones into the air, and based how they’ve landed, his market read is for the current cycle to bottom in the next few days and could well turn positive into August. He’s got a wary eye looking at 1 year, 4 year and 10-year cycles which don’t top out till mid-August – at which point… Be very afraid.. or something like that..."

Gartman Turns Bullish On Oil

"This morning, given the myriad downgrades that the energy stock analysts have put forth in the course of the past several days and given the severity of the recent weakness we think it is wise to say that for at least a while strength is not to be sold and that for a while weakness is indeed to be bought."

Bob Prechter Warns Market Correction "Larger Than The Malaise Of The '30s" Looms

"Because people do not perceive their moods, tops and bottoms in markets sneak right past them. At the top, people will love the market, and events and conditions will provide them with ample bases for rationalizing being heavily invested... the degree of the corrective wave will be larger than that which created the malaise of the 1930s and 1940s."

What Do These CEOs Know That We Don't?

"...the people at the top of the corporate food chain who have privileged information about their businesses are NOT buying. As the Journal summarized, “These markets know no fear.” There’s an incredible amount of complacency despite obvious warning signs."

Gartman Is No Longer Bearish, Covers Shorts

"We were modesty net short of equities in our retirement fund here at TGL, having taken a modest net short position via derivatives. Immediately upon seeing the report we ran to cover, “paying up” in the NYSE-pre-market to do so."

Tom DeMark Says Put Your "Dow 20,000" Hats Away

"We’ve been confident the last three weeks we would not break 20,000... it’s so unanimous, it’s almost as if the election were being replayed within the market. Everyone’s confident the market’s going to break 20,000. If it does break, it may go quite a bit higher. But I don’t think it’s going to happen.”

For Bill Gross, This Is The Only Thing That Matters For The Market Right Now

"This is my only forecast for the 10-year in 2017. If 2.60% is broken on the upside – if yields move higher than 2.60% – a secular bear bond market has begun. Watch the 2.6% level. Much more important than Dow 20,000. Much more important than $60-a-barrel oil. Much more important that the Dollar/Euro parity at 1.00. It is the key to interest rate levels and perhaps stock price levels in 2017." - Bill Gross

Global Shares Trade Mixed In Thin Holiday Trade; Yen Rises As China Rebounds

With most global market closed for Christmas holiday, and traders taking the day and the week off, global stocks traded mixed in thin, subdued conditions. Japanese shares fell as the yen gained against the dollar for the fourth straight day after the release of BOJ Minutes and a Kuroda speech, while Chinese equities recovered from earlier losses.

The Coming Bond Market Crash - An Interview With Eric Hadik

"I believe 2017--2021 will represent the end and reversal of that multi-decade trend - as the debt bubble bursts and bond markets begin to crash... Each phase was a desperate battle between centralized, governmental control of currency versus universal, hard-asset based currency. And each phase saw the acceleration and intensification of that battle take hold in the ‘7’ year."