Stocks & Equities
We have been waiting for a bounce into the high forecast by the Hybrid Lindsay model and it looks to have come on Tuesday. Cycles warned that the high might come on the late side of the margin of error but internals now appear set-up to give us that rally early this week. Bears don’t have much to worry about, however, as the high is expected no later than Wednesday.
The VXV is a CBOE index similar to the VIX that projects volatility out three months instead of the VIX’s one month time frame. A simple ratio of the two indices produce excellent buy and sell signals (as seen below).
Get your copy of the October Lindsay Report at Seattle Technical Advisors.com
GDX has now completed a weekly swing barring a complete reversal the rest of the week. This deep into an intermediate decline a swing stacks the odds heavily in favor of the correction being over. The metals should now rally for the next 3-4 months.
Property mogul: “The biggest bubble in history.”
No question about it. China definitely takes the cake when it comes to bubble creation. The government encouraged everyday people to speculate in stocks in late 2014 and 2015 to help offset the slowdown in its gargantuan real estate bubble. The stock market bubbled 160% in one year and then crashed 50% (and you can be sure there’ll be more losses to come after a year of propping up a market that has merely gone sideways…)
Then to cushion that 2015 stock crash, the government made loans easier for real estate again. Bank loans surged by 7.5 trillion renminbi (RMB) in 2015 and are on track to surpass 15 trillion RMB by the end of this year. About half of these loans are in mortgages.
So what happened?
The legitimacy of a Hillary Clinton victory is going to be called into question by tens of millions of Americans. With the head of the IRS pleading the 5th amendment and evidence the State Dept., the Justice Dept. and the FBI have been compromised due to partisan political influence, its no surprise. The legitimacy of a Hillary Clinton victory is going to be called into question by tens of millions of Americans. With the head of the IRS pleading the 5th amendment and evidence the State Dept., the Justice Dept. and the FBI have been compromised due to partisan political influence, its no surprise.
…related from Michael: The Next Big Catalyst
Financial, advanced business services and manufacturing were big parts of the push up in our favourite market. These economic numbers are critical for investors to know and understand. Long term real estate investing success requires a robust job and growth profile. This article from the Phoenix Business Journal is a must read. ~ Justin Smith
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