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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

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* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Deco Tree

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ECONOMIC EVENTS

 UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Wed. Dec. 14 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Jan. 4, 2023 @ 2:00 pm ET - FOMC Meeting Minutes
* Fri. Jan. 6 @ 8:30 am ET - Employment Data
* Wed. Jan. 18 @ 2:00 pm ET - Beige Book Report
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*** CLICK HERE for link to Economic Calendars for all upcoming events.

Thursday, July 28, 2022

Part II : Joe Biden's Presidential Survival

 

N.B. This post is a continuation of my lengthy article, "How Long Can President Biden Survive in 'Survival Mode?'" (Part I), which provides extensive background information, data and links to public articles.

~~~~~~~~~

* See UPDATE below...

The MSCI World Index has been in freefall since January, as shown on the following monthly chart.

Major support sits at 2000, while longer-term supports lies at 1600.

Threats of world-wide recession are looming, as described in the following article...


ZeroHedge excerpt

The following posts provide further details and warnings in this regard:

Trade with caution!

The U.S. is now in a technical recession...but the hucksters  (including President Biden) would have you believe that technical data doesn't matter and that everything is rosy...


The following sums up the current chaotic state of affairs...choose your definition and place your bets accordingly, if you dare. 😏

ZeroHedge excerpt

* UPDATE July 29...

Nice to know that America is not experiencing famine...White House gobbledegook blatant lies have gotten even more bizarre! 😕

Joe Biden and his cronies are completely tone-deaf and just don't care about Americans

Consumers are experiencing stress, not confidence, in Biden's economy...

Oh, look...more examples of Democrat hypocrisy...👀

More scandals surface in Joe's FBI...targeting Americans, including parents of school children.

Reminder of Joe's soft-on-China policies...why, if his own FBI has testified before Congress, warning that China is America's biggest threat?

Time's running out for Joe to right the entire mess that he created.

* UPDATE Aug. 1...

Of course the U.S. is in a recession (or a "banana" as was sarcastically called during former President Jimmy Carter's recession, because he forbade the usage of that term).

If you put lipstick on a pig, it's still a pig. 😏


ZeroHedge excerpt

* UPDATE Aug. 5...

Tuesday, July 26, 2022

MSCI World Index In Freefall

* See UPDATES below...

The MSCI World Index has been in freefall since January, as shown on the following monthly chart.

Major support sits at 2000, while longer-term supports lies at 1600.

Threats of world-wide recession are looming, as described in the following article...


ZeroHedge excerpt

The following posts provide further details and warnings in this regard:

Trade with caution!

* UPDATE July 28...

The U.S. is now in a technical recession...but the hucksters (including President Biden) would have you believe that technical data doesn't matter and that everything is rosy...


The following sums up the current chaotic state of affairs...choose your definition and place your bets accordingly, if you dare. 😏

ZeroHedge excerpt

* UPDATE July 30...

QUESTION: What do UNSDG, UNFAO, UNFS, as well as ESG, all have in common? 

ANSWER: Global (socialist) government control/ownership of land, food, water, housing, transportation/travel, health/welfare, energy, technology, banking/finances, education, media/social media & censorship, and goods production/distribution...via policies supported/adopted by the WEF, the UN, and major countries/unions, such as the UK, USA, EU, China, and Canada.

So, why have the Chinese and Bill Gates been buying up thousands of acres of farmland in the USA?

And why is the world in such a mess (with countries experiencing famines for the first time due to new restrictions/regulations on crop fertilizers and energy sources) -- and "transitioning" (global elites' favourite word du jour) toward an epic disaster -- under these principles/doctrines and practices (UN's "Agenda 2030")?


ZeroHedge excerpt


One hypocritical Hollywood elite, who hadn't done his research before hurling accusations of purported climate abuse, gets a lecture for his own abuse of the climate via his lavish lifestyle and his 'mega-toys.'

No doubt, there are many more privileged global elites who deserve to be labelled as 'hypocritical climate/environmental abusers,' a.k.a. 'pesky climate hustlers.' 🤔

* UPDATE Aug. 2...

So, yes, there are more hypocritical 'pesky climate hustlers'...10 of whom are identified in this article.

What's wrong with these people? 😟


* UPDATE Aug. 11...

Perhaps the following article explains the volatile, large-scale whipsaw price action of markets this year...the schizo push-pull swings between DM status (developed market status) versus EM status (emerging market status) within a variety of world markets, including the U.S.

So, what's the real status of any market? And, who gets to make those decisions?

If I were to hazard a guess...and, in a perfect world...I'd say it's anyone who controls the value and amount of money supply, as well as how well it's managed and invested for the future growth and benefit of the whole (the whole being a country's citizens).

However, since no one seems to be that altruistic and consistent in their thinking and actions, we're stuck with imperfect messaging (political spins and lies) and markets that trade on such 'massaged and fluid messaging'...but, which are also subject to real shocks and wild swings, regardless of their perceived (and fluid) DM/EM status.

So, plan your trade (within your timeframe)
and trade your plan.

* UPDATE Aug. 21...

Will that be CASH or CRASH?

Perhaps CASH is the safest way to go for the foreseeable future, inasmuch as holding CASH can also be part or all of your trading plan, depending on your risk tolerances within your trading timeframe and trading style (e.g., day trader, short-term swing trader, medium-term position trader, or long-term investor).

N.B. More information on weakness in world markets can be found here (regarding the SPX).


Sunday, July 24, 2022

EMERGING MARKETS ETF: EEM In Freefall

* See UPDATE below...

The Emerging Markets ETF (EEM) has had difficulty holding onto gains above 30.00 since January 2006, major support, as shown on the following monthly chart.

It's been in freefall since June 2021.

A sustained breach and plunge below that level could bring down global equities and financial stocks/ETFs...one to watch as a potential "canary in a coal mine."

* UPDATE Sept. 20...

Emerging markets continue to weaken as the U.S. Dollar gains strength...as of 2:20 pm ET, EEM's current price is 37.63.

We'll see what happens after the Fed raises interest rates at their meeting tomorrow.


Friday, July 22, 2022

U.S. Jan. 6th Committee Evidence Suppressed (Favourable to Former President Trump) & FBI Raid of Trump's Mar-a-Lago Residence

If the following evidence ever sees the light of day in Democrat House Speaker Nancy Pelosi's January 6th Committee's hearings -- especially the televised ones -- I'll be shocked, because it proves that former President Trump had tried, days in advance, to prevent violence from occurring, but was undermined by subordinates and political operatives who refused to follow his orders to ensure that adequate security was provided at the Capitol that day in 2021, as the Senate was reviewing and certifying the results of the 2020 elections.

By the way, who is conducting the cross-examinations in the hearings? Oh, wait...no such persons are allowed on the Committee! Why not? Because it's completely and blatantly biased and political, that's why!

Their one-sided partisan hearings are a sham, pure political theatrics, and without merit...and should be exposed as such. However, I doubt that the biased liberal mainstream media will ever do such an honourable thing.

Where's the justice in the Committee's prejudiced proceedings, as it appears they are trying to unduly influence/skew public opinion against Donald Trump, Republicans, and even their supporters/voters before the November mid-term elections by questionable political means?

Memory refresh...Trump administration's accomplishments.


ZeroHedge excerpt

ZeroHedge excerpt

USCPJan.6Timeline by Zerohedge Janitor


* UPDATE Aug. 8...

Joe Biden must be awfully worried about former President Trump's power and popularity with Republican voters in order to seemingly sic his FBI on Trump, inasmuch as they conducted an unannounced pre-dawn raid today on his Florida residence and even broke into his safe.

To raid a former President's home is unprecedented in the history of the United States and appears politically motivated, since this could unduly influence or interfere with the outcome of the upcoming mid-term elections...as well as the 2024 Presidential election...including Trump's potential run for President for a second term.

They've been spying on and hounding him since before he was even elected in 2016...when will this harassment stop!

N.B. 👉 As long as Joe Biden can ensure that all eyes are kept on Donald Trump with speculations and allegations of potential wrong-doings, he will provide distractions away from the multiple messes he's created under his own Presidency during the past year and a half...including the realization that he's turned the United States into a Third-World Banana Republic!

We'll see what happens if Republicans take back the House in the mid-term elections...Americans deserve answers from the DOJ AG and FBI Director!

In the meantime, perhaps President Trump should have a thorough sweep conducted of his home for bugs, before he returns from his travels...remember "Russiagate," et al? 🤔



* UPDATE Aug. 10...

So, Nancy Pelosi confirmed what we all thought...the January 6th Committee hearings have simply been a  "narrative" sham...one-sided, badly-acted political theatrics, designed to skew information in order to dirty up a potential 2024 Presidential candidate, while wasting taxpayers' dollars in her vendetta against Donald Trump, rather than uncover and present unbiased facts to the public in their entirety.

However, it doesn't look like Americans bought what she was selling!

So, who looks foolish, untrustworthy and undeserving of the Speakership now?

* UPDATE Aug. 10...

More details emerge regarding the unprecedented FBI raid on former President Trump's residence..including former First Lady Melania Trump's wardrobe. 👀

The FBI and DOJ have a lot to answer for, in what appears to be a heavy-handed operation. 

Democrats and Republicans have many questions on the legitimacy of the raid.

So, did they 'plant' stuff (evidence and/or bugs)???

Americans are understandably sceptical of:

We'll see how cooperative the DOJ will be with this magistrate judge's order to unseal the FBI's warrant.

If they're not, who will hold them accountable?

* UPDATE Aug. 11...

AG Merrick Garland held a brief press conference today to announce he was unsealing the warrant and list of items taken in the raid by the FBI, but the reasons and justifications behind the raid remain unanswered, as he took no questions from reporters.

Where this all goes from here is anyone's guess.

* UPDATE Aug 12...

The warrant and list of items removed from former President Trump's residence are detailed in the following article...however, Americans still don't know the reasons behind the warrant and raid, as the DOJ has not authorized the release of the affidavit.

No doubt, this will trigger all kinds of wild speculation, conspiracy theories, and accusations in the media. 👀

However, until all facts become known, it will continue to be just speculation and people gambling with the truth.

Let's hope it doesn't take another seven years for the truth to come out on this matter, as it did (and has), before, during, and following President Trump's first term in office in connection with "Russiagate!"

In fact, Americans are still waiting for the conclusion and final report (the rest of the truth) from Special Counsel John Durham's investigation in this regard!

More information is revealed in the following report, which asserts that President Trump had the full authority to declassify any document and for any reason

This is corroborated by Trump's Director of National Intelligence John Ratcliffe, as described in this article.

So, that being the case, why the warrant and the raid, if it wasn't politically motivated?

There are many questions, and Americans are puzzled by the DOJ's and FBI's motives and actions, in this regard.

* UPDATE Aug. 15...

Of course the DOJ objected...they're opposed to complete transparency, but happy to dangle some tidbits of information, so that people can speculate wildly and potentially taint or prejudice public opinion and any future court action/decisions that may emanate from all of this. 

In fact, the wild speculation has already begun, and even a former CIA director is calling for President Trump to be executed

This is escalating into a dangerous and reckless situation and needs to be cooled immediately!

Has the DOJ already tainted or prejudiced the justification for the raid, and, by extension, their entire operation or investigation, by releasing and making public some of their material documentation (warrant and list of items taken in the raid), but not the remainder (affidavit and supporting documents)? If so, does this not put their finger on the scale of justice against President Trump?

How would the Supreme Court react to all of this if it ever reached that level? Perhaps that's why the DOJ hasn't made any arrests of the participants in the illegal protests still ongoing in front of the Justice's homes and their houses of worship, etc., which, by the way, are supported and even encouraged by President Biden, and which are meant to intimidate and influence them in their decision-making.

* UPDATE Aug. 17...

Perhaps the following article explains the seemingly inexplicable, biased, heavy-handed, bizarre, chaotic and unprecedented actions taken by AG Garland's DOJ against former President Trump, his lawyers, former cabinet members and advisors, his supporters, and Rebublican members of Congress, pertaining to a variety of matters over the past year and half.

If true, then WHO is actually in charge of the DOJ? If the public doesn't know, then how can he/she/they (the invisible force) ever be held accountable by voters? 

And, if Merrick Garland has any integrity in fulfilling his sworn oath of office as the DOJ AG, but is allowing that leadership role to be undermined, suppressed or usurped, why wouldn't he resign as a matter of principle and fiduciary duty to the nation?

* UPDATE Aug. 20...

Is it any wonder that the public has questions about the DOJ and FBI?...

AG Garland's failures -- thus far -- in this ongoing public saga...

* UPDATE Aug. 21...

Another glaring example of why people don't trust those in charge of investigations at the FBI...particularly, those related to Donald Trump, et al...

* UPDATE Aug. 22...

Former President Trump is fighting back...with this lawsuit, filed in court today.

Will there be more to come?

Stay tuned...

WOW...Despite their claims, thus far, that they had no involvement in, or prior knowledge of, the FBI raid on Mar-a-Lago, several White House -- and JoeBiden's -- hands have been caught in the cookie jar!

So, this IS political, after all! 😕

This could devolve into a long and ugly legal battle over the coming weeks -- with a heavy dose of nasty political games, and more leaks to the liberal media from the FBI and/or DOJ, thrown in -- during the lead-up to the November mid-term elections and, possibly, into the 2024 Presidential run.

Talk about explosive political interference in the so-called "fair and balanced election process," as well as the American "due process justice system."

Fasten your seatbelts!


Just the News excerpt

* UPDATE Aug. 23...

This whole DOJ/FBI operation is becoming exposed as a farce, legally contemptible and is making a mockery of the justice system.

And, if the raid was based on an illegal and/or unconstitutional predicate(s), then wouldn't the materials seized be tainted (ill-gotten gains) and prohibited from being used as evidence in this, or any other, DOJ investigation pertaining to former President Trump, et al?

Check out the following WSJ article. It seems as though former President Trump's rights to those documents were violated by the FBI's raid.


WSJ excerpt

WSJ excerpt

WSJ excerpt

WSJ excerpt

WSJ excerpt

All of this makes you wonder what is going on in Biden's White House, his DOJ and his FBI.

Perhaps the following prescient warning made by Democrat Senator Schumer on January 3, 2017 about then-incoming President Trump (pertaining to the "Russiagate" hoax) still holds some kind of relevance today (Trump didn't take office until January 20). 🤔

* UPDATE Aug. 26...

The redacted version of the DOJ affidavit has been released.

I've heard analyses from a variety of constitutional law experts...it seems that no one knows exactly why it was issued in the first place, or what happens next. But many are perplexed why this unprecedented raid was at all necessary.

On the face of it, and based on the DOJ/FBI history of smearing  and spying on Donald Trump under false pretenses, this may very well be another episode that was undertaken for political gains.

In any event, this investigation needs to be wrapped up soon.

At least former President Trump has kept his sense of humour through all of these messes by publishing this meme...😏

* UPDATE Aug. 31...

By objecting to a perfectly reasonable request by Trump's lawyers for the court to appoint a Special Master to sort through and separate the documents and materials, according to category, that were seized in the FBI raid, AG Garland is giving the impression that he has something to hide. 

Hopefully, the judge will appoint a Special Master to ensure that this part of the investigation is being properly handled...given the DOJ and FBI's track record of previous questionable investigations of the former President and his team.

The judge is set to make a ruling on the matter on Thursday.


ZeroHedge excerpt

Things have gotten out of control in American politics and the intelligence agencies over the past six years...with no signs of improving...and people are noticing.

* UPDATE Sept. 3...

While everyone is awaiting the Judge's decision on whether to appoint a Special Master (expected soon), former DNI John Ratcliffe has made some interesting speculations about the raid...

Meanwhile, House Republicans are united in their vow to investigate wrongdoings associated with this raid, etc., when/if they regain the majority in the midterm elections.


* UPDATE Sept. 5...

The Judge appointed a Special Master today...to review materials seized in the FBI raid, manage assertions of privilege, and make recommendations as to their disposition.

The Judge also halted the use of these materials for "criminal investigative purposes" pending this review.

Finally, some oversight of the DOJ and FBI has been court ordered in this matter.

* UPDATE Sept. 7...

With multiple leaks that have come from the DOJ/FBI about alledged contents of documents seized in the raid on former President Trump's residence, it is notable and alarming that the security and secrecy of that material has been violated, NOT by Donald Trump, BUT by the DOJ/FBI!

Surely, the DOJ/FBI have tainted the whole investigation and raid with their reckless disregard for the law and security of the nation's secrets, and the Court should throw out the entire case that they may have been trying to build against Donald Trump.

So, who do you trust more to keep secrets SECRET! 🤔

* UPDATE Sept. 16...

The Court is holding the DOJ accountable and ensuring their honesty is maintained concerning their actions and assertions regarding the FBI-seized materials...

Oops...


ZeroHedge excerpt

* UPDATE Sept. 17...

Multiple whistleblowers (10 from the Capitol Police and 25 from the DOJ and FBI, so far) have been busy making sure that the truth about:

  • the lack of adequate security at the Capitol on January 6, 2021,
  • as well as other questionable DOJ/FBI actions leading up to, and in the aftermath, to date, of Donald Trump's presidency 
are exposed and investigated by Congress...


* UPDATE Nov. 19...

Reminder...