The Dow made a new high on Friday, but we failed to closed above the 2016 high. We still see the next major resistance level in the 21000-23000 area. A Phase Transition is only likely exceeding that level. Gold has bounced but the resistance stands at 1197 level with support at 1130 zone. The lowest […]

QUESTION: Marty; Did you see Larry Summer’s comments on Trump. Is this guy completely insane? He says Trump is proposing things off the planet. Wasn’t it Summers who came up with the negative interest rates and supported repealing Glass Steagal? ANSWER: Larry Summers is a classic example of how a PHD means absolutely nothing compared to real life […]

The rally in bitcoin has come out of China, which has accounted for 98% of bitcoin trading in the past six months. China is also home to about two-thirds of the world’s bitcoin mining power. The Phase Transition spike in bitcoin is very alarming, for it flies right in the face of government attempts to […]

Although the cash markets for Japan, Shanghai, Hong Kong and Australia were closed some of the exchange traded futures market did open. All were better bid, closing in positive territory but as you would imagine, volumes were extremely thin and even the Indian Sensex closed unchanged. It was the European markets that tended to drive […]

The only thing about international trade is that someone cannot have a trade surplus without another experiencing a trade deficit. We all cannot have trade surpluses simultaneously and we have to begin understanding this reality. The net capital movements around the world are showing clear signs that things will be intensifying and the net capital […]

Trying to understand forecasting will be critical as we move forward. The HUGE turning point appears to be 2018 and that is most likely when things will start to come unglued. How do I even make such a statement? This is not a claim that I make based upon some gut feeling. I arrive at […]

COMMENT: The 91 year old woman who had her $12,000 deposit declined in Kristanstad, Sweden, and the money confiscated by the State is a sad tale. Perhaps you might want to identify Kristanstad, as a town in Sweden, for those of us who do not readily identify Kristanstad, a town of 35,000 souls with Sweden. BTW […]

COMMENT: Congratulations Marty. We closed out the year less than one point away from your maximum (Tech 3) SPX 2016 target of 2239.8038 that your computer established on January 1st, 2016. That’s impressive. I never thought we’d see that number back in January or February, but fortunately your computer harbors no emotion and no bias! Keep up the great […]

In true year end fashion the markets declared yet another one behind us and the game plays on. The Nikkei happily clears the 19k level, the JPY returns weaker after a brief bout of book-squaring, the Hang Seng remains heavy after the autumn highs, Shanghai struggled to hold the November close whilst the Yuan off-shore […]

The Associated Press ran a story reporting: “Congressional Republicans are planning a massive overhaul of the nation’s tax system, a heavy political lift that could ultimately affect families at every income level and businesses of every size.” The interesting aspect is that the headline reads: GOP: Cut taxes, change brackets; but what about deficits There is zero discussion about […]