QUESTION: Mr. Armstrong; I have been in the industry for more than 30 years. There is nobody who has called the shots better than you and your numbers are absolutely amazing. You said the ECM should make at least a temporary low in the Dow and that it did. It bottomed the day before which has…
(Video length 00:01:39) There are several US related announcements coming out during the day on Thursday, so we feel the most of the action will probably be had in North America. Beyond there, we do have an oil number that can move crude oil markets, but beyond that most of the rest of the world will probably be…
Now that a major global recession has begun, you would expect major retailers like Wal-Mart to run into trouble as consumer spending dries up, and that is precisely what is happening. On Wednesday, shares of Wal-Mart experienced their largest single day decline in 27 years after an extremely disappointing earnings projection was released. The stock…
First The Bank of Japan destroyed the Japanese bond market, and then, back in May we warned that The Bank of Japan had ‘broken’ the stock market. Now, it appears the all too obvious consequences of being the sole provider of buying power in an antirely false market are coming home to roost as Nomura reports the “temporary…
First The Bank of Japan destroyed the Japanese bond market, and then, back in May we warned that The Bank of Japan had ‘broken’ the stock market. Now, it appears the all too obvious consequences of being the sole provider of buying power in an antirely false market are coming home to roost as Nomura reports the “temporary…
Let’s talk about what to watch out for this week…and where it may be leading!
T2108 Status: 57.6%T2107 Status: 26.2%VIX Status: 18.0General (Short-term) Trading Call: Neutral (target of 1996 on the S&P 500 occurred ahead of overbought conditions. See “From the Edge of A Breakout to the Ledge of A Breakdown” for more details).Active T2108 periods: Day #9 over 20%, Day #8 over 30%, Day #8 over 40%, Day #6…
GOLD: With GOLD extending its strength above the 1170.03 level on Wednesday, further bullish offensive is envisaged. The commodity must continue to trade and hold above its broken resistance turned support at 1170.03 to create scope for more strength. On the downside, support comes in at the 1165.00 level where a break will aim at…
“Wide diversification is only required when investors do not understand what they are doing.” – Warren Buffett We’ve all heard the old idiom, “Don’t put all your eggs in one basket.” For more than five decades, portfolio diversification has been considered a basic building block of any investment portfolio — with the critical function of reducing…
Wal-Mart (WMT) Shares plunged 10% Wednesday on profit warnings, the biggest one day decline in 25 years. The company blamed higher wages, e-commerce competition, and lower prices. Wal-Mart Chief Executive Doug McMillon said a $1.5 billion investment in wages and training, including raising the minimum store wage to $10 an hour from $9, were needed to…
