Sent to subscribers on March 21, 2016, 6:56 AM.

Briefly: In our opinion, no speculative positions are justified.

Our intraday outlook is now neutral, and our short-term outlook is neutral. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:

Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral

The main U.S. stock market indexes gained 0.2-0.7% on Friday, extending their short-term uptrend, as investors reacted to some economic data releases. The S&P 500 index is at the resistance level of 2,050, after breaking above the level of resistance of 2,040, marked by the early January daily gap down at 2,038.20-2,043.62. The next important level of resistance is at around 2,080, marked by the late December local high of 2,081.56. On the other hand, support level remains at 2,000 mark, and the next support level is at 1,960-1,980, marked by previous level of resistance. There have been no confirmed negative signals so far. However, we can see some technical overbought conditions. Will this uptrend extend even higher? The index continues to trade within a slightly descending medium-term trading channel, as we can see on the daily chart:

….read more HERE

These blue chips have tons of flexibility thanks to their cash hoards. Here’s a look at these fat cats, as well as what they could do with their money.

Cash is king, and that can’t be more true than when you are a company, private or public.

Having tons of cash relative to debt not only means having a huge backstop in the event of a terrible market or business downturn, but it also means flexibility. Cash offers options to management, so they can pivot any which way they choose.

That’s great news for investors, because a sudden spend in cash can mean a number of different benefits. Maybe it’s a bigger dividend. Maybe it’s stock buybacks to prop up share prices. Maybe it’s a breathtaking, game-changing acquisition that boosts earnings down the road.

Here are 10 blue chips that have tons of cash and marketable securities, and my suggestions on what they should do with it — besides giving it all to me.

…..read about all 10 HERE (keep scrolling down)

Sent to subscribers on March 17, 2016, 6:56 AM.

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,050, and profit target at 1,900, S&P 500 index).

Our intraday outlook is bearish, and our short-term outlook is bearish, as we expect a downward correction or short-term uptrend’s reversal at some point. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence. We decided to change our long-term outlook to neutral recently, following a move down below medium-term lows:

….read more HERE

It’s literally 1937 all over again.

Many analysts have called for the Fed not to repeat its mistake of 1937.

That mistake?

Raising rates when the economy was already weak. Doing this prolonged the Great Depression.

However, few commentators point out WHY the Fed raised rates in 1937.

The reason?

CPI hit 3.7%.

Notice that by raising rates the Fed kicked off another terrible round of deflation with CPI falling from 3.7% to -2.0% in JUST ONE YEAR.

Fast forward to today. The US’s inflation rate is moving vertical…

Core inflation is already ABOVE 2%.

The Fed is cornered. If core inflation continues to rise the Fed will be forced to raise rates, kicking off another market meltdown. In 1937 when the Fed hiked rates during a weak economy, stocks plunged 40% in the following 12 months. 

Buckle up, it’s coming.

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,050, and profit target at 1,900, S&P 500 index).

Our intraday outlook is bearish, and our short-term outlook is bearish, as we expect a downward correction or short-term uptrend’s reversal at some point. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence. We decided to change our long-term outlook to neutral recently, following a move down below medium-term lows:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral

….read more HERE