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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...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

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.

Dots

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

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ECONOMIC EVENTS

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

* Wed. Aug. 17 @ 2:00 pm ET - FOMC Meeting Minutes
* Fri. Sept. 2 @ 8:30 am ET - Employment Data
* Wed. Sept. 7 @ 2:00 pm ET - Beige Book Report
* Wed. Sept. 21 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Nov. 2 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Wed. Dec. 14 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** 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...

The actual facts behind today's jobs numbers and labour market...(it's not pretty)...


ZeroHedge excerpt

Charts don't sugarcoat reality lie.

So, brace yourselves...the next leg down in equities may be just around the corner.


Source: SlopeCharts

* UPDATE Aug. 8...

Congratulations, Joe...you've succeeced in enriching the wealthy, once again, while screwing the middle and lower class...😕


~~~~~~~~~

WELCOME TO JOE BIDEN'S 
THIRD-WORLD BANANA REPUBLIC...

* 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...

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:

  • these institutions, based on their past politically-biased and bad conduct (against Donald Trump and his team) pertaining to the whole debacle (some of which are described in this article) involving the 'Alfa Bank Hoax,' Hillary Clinton's 'Steele Dossier,' FISA Court warrants, 'Crossfire Hurricane,' the entire 'Russia Hoax,' and the Mueller investigation, as well as,
  • Congress and Nancy Pelosi's two underhanded and unsuccessful attempts to have him impeached (he was impeached by the House, but NOT convicted by the Senate), and
  • Pelosi's underhanded and partisan January 6th Committee hearings.

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.

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.

N.B. Further developing information on this subject can be found at this link.

~~~~~~~~~

NOW, BACK TO THE MARKETS, JOE BIDEN AND POLITICS...

* 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) sometimes-DM-sometimes-EM status.

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

WOW...another example of Joe Biden's Third-World Banana Republic...this time, involving the IRS.

Just how dangerous does he think American taxpayers are?

What would merit doubling the size of the IRS with armed agents?

What could possibly go wrong??? 🤔


ZeroHedge excerpt

* UPDATE Aug. 12...

Everyone sees what politicians have tried to cover up for several years...scary times!