Technical Indicators

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."

Global Stocks Rebound, US Futures Jump On Expectation Of "Coordinated Intervention By Central Banks"

After a historic two-day selloff, which as shown yesterday slammed European banks by the most on record the wildly oversold conditions, coupled with hopes for yet another global, coordinated central bank intervention, coupled with modest hope that David Cameron's trip to Brussels today may resolve some of the Article 50 gridlock, have been sufficient to prompt a modest buying scramble among European stocks in early trading, with the pound and commodities all gaining for the first time since the shock Brexit vote.

"It's Time To Panic" - Albert Edwards Warns Recession Is Imminent

“Everyone has a plan until they are punched in the face.” This famous Mike Tyson quote spells out the outlook for investors in the years ahead according to SocGen's Albert Edwards, who warns that investors will not only be punched in the face, they will also get knocked to the floor and kicked repeatedly in the ribs.

World's Most Bearish Hedge Fund Manager: "I Think Something Has Changed"

"The message that I am getting from the market, the “something” that has changed is that the US dollar is no longer a strong currency. Typically the US dollar falls when its economic cycle begins to roll over. Many of the indicators that I look at show the US is either in or heading for recession."