Healthcare Bill To Stall – Market Tumble Continues

By Megan Davies and Rodrigo Campos

NEW YORK (Reuters) – The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration’s healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.

Investors are dialing back hopes that U.S. President Donald Trump will swiftly enact his agenda, with a Thursday vote on a healthcare bill a litmus test which could give stock investors another reason to sell.

“If the vote doesn’t pass, or is postponed, it will cast a lot of doubt on the Trump trades,” said the influential bond investor Jeffrey Gundlach, chief executive at DoubleLine Capital.

U.S. stocks rallied after the November presidential election, with the S&P 500 posting a string of record highs up to earlier this month, on bets that the pro-growth Trump agenda would be quickly pushed by a Republican Party with majorities in both chambers of Congress.

 

Investors extrapolated that a stalling bill could mean uphill battles for other Trump proposals. Trump and Republican congressional leaders appeared to be losing the battle to get enough support to pass it.

Any hint of further trouble for Trump’s agenda, especially his proposed tax cut, could precipitate a stock market correction, said Byron Wien, veteran investor and vice chairman of Blackstone (NYSE:BX) Advisory Partners.

I expect markets to continue lower well into next week, as those who’ve not yet sold “freak out” at the last minute…then sell into the waterfall. Sound familiar? Stocks will bounce sure…so if you are holding now…you likely lose a few nights sleep but “its too late to sell now”. 

How many days / weeks ago did I suggest to “raise cash” and look for another great entry opportunity?

Read the rest here.

التداول عبر الانترنت مع Trade 360

arabic-trade-360

طريقة ذكية لتجارة الفوركس

انضم إلينا اليوم.

قم بالايداع الان واحصل على ما يصل الى 5000$ استرداد للنقود!

 

مع Trade360 ستحصل على:

  • تصل إلى 1: 400 النفوذ
  • التداول بنقرة واحدة
  • أكثر من 200 أصول قابلة للتداول
  • تداول الأصول المفضلة لديك على تطبيقات الجوال الخاص بك (على حد سواء دائرة الرقابة الداخلية والروبوت)
  • الدعم التعليمي لكل مستوى الحساب
  • الحرة الحشد مجاني إشارات تجارة الأعلاف
  • دعم على مدار 24 ساعة عبر الدردشة، ماذا التطبيقات، والهاتف، والبريد الإلكتروني

تلقي استرداد النقود على كل التجارة التي تقوم بها

سيكون لديك مدير حساب مخصص لمساعدتك

 التجارة بثقة مع وسيط تداول منظم وآمن تماما

Features

Trade360 is especially noted for its innovative crowd trading platform that is based on research indicating that group behavior patterns can reveal market trends before they appear as exchange rates or prices in the market. The proprietary trading tools employed by Trade360 measure how market sentiment changes in relation to other market indicators. This can result in an above average forecast of future market trends. While the company does not yet provide trading advice, their indicators and signals can be used in making trading decisions.

قم بالايداع الان واحصل على ما يصل الى 5000$ استرداد للنقود!

Through the company’s proprietary CrowdTrading platform, traders can choose from a wide variety of tradable assets. The unique interface offers live data feeds of crowd activity that provide traders interested in the behavior of crowds, with a basis upon which to make a trading decision.

Trade360 has a minimum deposit amount of $100.00 to open a standard live trading account. If a trader is interested in opening a demo account, then Trade360 is currently offering a promotion using a practice account with $10,000 in virtual money. The company also awards the new trader with $10 for opening a position, $20 for closing the position, and $30 if the trader has made a profit of more than $30 on the trade, which makes the bonus worth $60.

“The entire concept of CrowdTrading is to show the aggregated actions of masses of traders, but not only what asset they are trading on and whether they buy or sell it,”

“CrowdTrading shows all of that, but also changes in Volatility, in trends of asset directions, in volume traded, in speed of quote fluctuations and many other factors that can help a trader make an informed decision.”

The web platform works off a single browser screen showing a feed of trading ideas and selected instruments with a small chart, rates, spread, margin and the buy/sell sentiment in one box. Clicking on the small chart opens a separate window with a larger chart and clicking on the feed loads a tab to take action on the instrument. Other aspects of the platform, such as a competition leaderboard, are available from tabs on the screen.

The firm reiterates the “revolution” it is aiming to deliver in the way online brokers approach newbie traders: “The collaborative work of our developers, data specialist and financial experts that created CrowdTrading is going to make the learning curve of a new trader much simpler and the decision making process so much easier and intuitive.” Trade360 says that several new features to be released in the near future will foster traders’ decision making process.

Trade360 offers clients their own proprietary crowd trading platform called CrowdTrader. This platform gives clients access to a number of custom built tools that traders find particularly useful. The CrowdTrader platform does not require a download and can be accessed through any current web browser and operating system. Also, a mobile application for the software is available to run on Android mobile devices, and an iOS version is offered for use on Apple iPhones, iPods and iPads.

قم بالايداع الان واحصل على ما يصل الى 5000$ استرداد للنقود!

One of the advantages of using the CrowdTrader platform includes getting alerts that allow the trader to keep ahead of possible market trend developments. The system also detects trend reversals in a timely fashion that become evident as crowd sentiment shifts.

A favorite CrowdTrader feature is that it allows the trader to monitor the market through a live feed, showing market trends taking place and changing in real time. This feature gives the trader an edge since they can monitor the so-called “wisdom of the crowd”. Conversely, if the trader uses a contrarian system, they can detect the “lack of wisdom of the crowd”.

With the CrowdTrader platform, the trader can place trades and monitor position in hundreds of different trading instruments, which include major currency pairs, indexes, commodities, stock and CFDs. Trader’s funds and transactions are secured by 128-bit SSL encryption technology.

Deposits and Withdrawals

Trade360 only requires a minimum $100 deposit. In addition to the beginner’s “practice trading” account mentioned previously, the broker offers money back on every trade made with the initial $100 deposit.  The higher the initial deposit, the more Cashback Trade360 will pay out. Trade360 accepts credit card deposits made with Visa, MasterCard, Maestro, JCB, DinersClub and American Express. In addition, you can use bank wire transfers, Skrill and Neteller to fund trading accounts.  Trade360 charges no fees on deposits.

Beginners’ and Customer Support

Trade360’s customer service department is open 24 hours a day throughout the financial trading week. The company offers its clients support through email, live chat and telephone lines. The staff seems helpful and gives out valuable information on crowd trading, which is a somewhat unfamiliar subject to many traders.

Conclusion

Trade360 is a unique type of regulated broker, providing a social trading service that can be extremely useful to many traders. The broker also allows for trading in a wide array of financial instruments.

Their proprietary online CrowdTrading platform is fairly easy to use, although it can be a bit difficult to navigate relative to the platforms supported by other brokers. Still, it uniquely offers traders potentially valuable and timely market information based on what large groups of people are doing in the market. In addition, the platform is available for mobile devices running Android or iOS operating systems.

قم بالايداع الان واحصل على ما يصل الى 5000$ استرداد للنقود!

AUD/JPY – Focus On Risk Appetite

Well…..

Now that we’ve got that out-of-the-way ( the Fed’s sill little rate hike, and of course the nearly “not covered” debt ceiling debacle) we can move on. It’s time for more “mind bending macro market analysis” considering that these last few calls have been bang on the money. In short…..the U.S Dollar “plunge” shall continue, as both gold and The Euro continue to move higher. Further riches will be made with this simple concept burned into the back of your skull like a bad tattoo.

Let’s have a quick look at the weekly chart of my old friend AUD/JPY and refresh our memories, as to how this currency pair can help you gauge risk appetite with another simple concept.

AUD/JPY UP = Risk on.

AUD/JPY DOWN = Risk off.

                                                                       AUD/JPY – Risk on vs risk off

You can see how AUD/JPY has been trading completely flat for the past 10-12 weeks as U.S Stocks have really only taken a small leg higher during the same period of time. U.S Stocks are always ALWAYS the last to go when risk appetite ( and the machines on Wall St ) switch from “buy” to “sell”. Always.

AUD/JPY has been up against very solid resistance for an extended period of time, and if “all was well” would surely have broken through, and climbed higher along side U.S Equities some time ago.

Such is clearly not the case as this currency pair has “literally” miles to fall. And fall it shall.

I am currently tracking this pair but not getting excited about entry “short” until I see a nice solid read candle and a decisive break lower. Even 85.00 and lower to truly seal the deal.

You see how this works right? I’m “tracking / observing” market activity with a pre conceived notion of at least two ( if not two hundred ) things.

  1. AUD/JPY ( a significant indicator of risk appetite in markets in general ) is trading in a range against significant over head resistance.
  2. A significant break lower should “clear the field” and is suggestive of a much larger shift from “risk on to risk off” across markets in general.

Eezy Peezy when you have a plan. Do YOU have a plan? There could be 1000 pips below this currency pairs current price.

Damn rights I’m still short USD. Damn rights I still own NUGT. Damn rights I’m killing it long EUR/USD.

Any questions today? I’m back in the saddle.

 

 

 

Debt Ceiling Wednesday – Rate Hike Too?

Unfortunately….for those of you who’s investment and trading decisions depend solely on the grunt’s and groans of some smart mouthed Silverback with an attitude – I am busy today.

An esteemed  colleague and I have been summoned to the head offices of Google San Fran – where we will be building time machines, slipping microchips under our skin, and dancing through holographic simulations of the future. Jealousy will get you everywhere. I’ll post some pics later this week.

The Euro has continued higher – as expected. The U.S Dollar has taken its beating over the past few days and ( in my view ) will continue to get hammered –  as expected. And good ol’ gold has now put in its daily cycle low somewhere here around 1200.00 per ounce.

The current trade hypothesis still resting on the fact that “whatever happens” on Wednesday with respect to both interest rates rising and the U.S debt ceiling being reached “again”…The U.S Dollar sees its day, and continues South.

This “could” stretch another month if indeed the powers that be somehow appease markets – by what? Raising both interest rates AND raise the debt ceiling? This I truly have to see with my own eyes to truly get the full sense of just how “totally F’d” this system is.

I don’t particularly enjoy trading ahead of macro news events, but in the case will take it on the chin one way or another.

Good luck to all over the next 48 hours…you’ll likely need it.

Best advice…..don’t move a  muscle til ‘after the announcements on Wednesday….and even then – don’t get “trigger happy” Thursday morning either.

Forex_Kong_Space_Future

Forex_Kong_Space_Future

 

March Rate Hike – Already Priced In

The near term strength in The U.S Dollar ( although still no higher than 5 days ago…. ) is a ramp into the proposed rate hike and a clear “sell on the news” trade. It’s so obvious. Staring you right in the face as Gold’s near term slide looks to FINALLY end – in the congestion zone around 1200.00

Looks pretty clear to me, as per the previous post and information provided by James Rickards.  A “nominal rate hike” with stocks at all time highs ( when else could these bozos possibly even consider it ) and perhaps a short-term “extension” of this ridiculous euphoria….then reality, as both stocks and The U.S Dollar hit the skids.

  • USD/JPY should hit resistance around 114.85-114.95 and that will be that.
  • EUR/USD is perfectly fine here around 1.0525-1.055 ( as it’s STILL above 1.05 despite USD bounce )
  • AUD/JPY ( our “risk barometer” ) hasn’t even budged. No breakout. No nothin so…..

Don’t get too excited. Nothing has changed except of course –  further bad news on trade deficit with China and of course…..Trump instability / Tweetfest and generally nuttiness – still on the rise.

 

Forex_Kong_Cartoon

           Forex_Kong_Working

 

Dow Jones – Over 2000 Points Above 200 SMA

I can’t bear to watch.

See the green area on RSI – How long it’s been overbought? See the distance DOWN to the red line ( 200 Moving Average ) See the “rolling hills” of the MACD ( useless indicator anyway ) as price on the chart is so much higher…yet the near term “rolling hill” so much lower than the previous. Divergence baby – Huge divergence.

Even a correction down to the 50 MA will wipe any and all profits that anyone “envisions” prior to actually realizing them – and pushing the sell button.

This is the blow off top. How long she goes? Who cares! Just be sure to get out alive.

 

Dow Jones – 2000 Over 200 SMA

Bitcoin Now – Same Price As 1 Oz. Gold

Anyone else find this absolutely amazing / hard to even comprehend?

From some article:

“” The Digital currency bitcoin jumped to a record high above $1,200 last Friday, as investors speculated the first bitcoin exchange-traded fund (ETF) to be issued in the United States is set to receive regulatory approval.

Traditional financial players have largely shunned the web-based “crytpocurrency,” viewing it as too volatile, complicated and risky, and doubting its inherent value.

 But bitcoin, invented in 2008, performed better than any other currency in every year since 2010 apart from 2014, when it was the worst-performing currency, and has added almost a quarter to its value so far this year. “”
Bitcoin Now As Valuable As Gold

Bitcoin Now As Valuable As Gold

Another indication of just how stretched / ridiculous things have gotten when a digital crypto-currencies “perceived value” has matched / surpassed the price of gold.
You don’t think this thing is just a tad over extended? 

Trading With Bazookas – Pea Shooters Get Smashed

So it all comes down to Trump’s speech tonight….as market participant stand like fat deer in the headlights..

Gold still the same. EUR/USD up nicely but still more or less the same, and the beast of all beasts NUGT takes the world for a diving lesson. Boom…talk about a stop run. These things don’t happen unless the big boys are making their moves. They can push price a couple bucks in a couple of hours without batting an eye….all the while your piddly 200 shares with a .50 cent stop get’s gobbled up. Multiply that by a couple 100,000 ( or million ) and you start to better understand just how difficult it is to “trade” with a “pea shooter”…when those on the other side of your trade carry billion dollar bazookas.

Forex_Kong_Bazooka

          Forex_Kong_Bazooka

You really don’t have much of a chance.

I find it incredibly ironic that the Trumpster is calling for some 54 billion more spending on Defence, and 1 Trillion on infrastructure when the country is already 100% flat busted / broke / bankrupt. As suggested by a few of the brightest minds in the comment section here at Kong –  sounds like the ol debt ceiling with just get raised, then raised again…then again. Where does the money come from?

Sounds like more money printing to me..but I thought the economy is expanding and there is now talk of the rate hike cycle beginning? Not.

QE will happen in ‘Merica again.

The printing presses can never stop printing.

What Does Trump Want? – USD Strong Or Weak

Let’s ask ourselves a few very simple questions. On a fundamental level…

What do you think would benefit the Trump presidency / program more? A strong U.S Dollar or a weak U.S Dollar? And why? ______________ (comment please).

Next…..

Would you say that the world at large currently views the Trump train as a stable and positive contributor to international trade and global economic development…or as a negative? ___________ (comment please).

Finally….

In the advent of some “international conflict” involving The U.S, Russia, China, Japan and/or any country in Europe would you expect this to be a positive or a negative for USD? ___________ (comment please).

What do you think the probability is of further escalation of conflict between The U.S , Russia , China , Japan , Korea , ISIS etc? _____________ (comment please).

Throwing around a bit of  “geo political analysis” is always great, as it can help provide a viewpoint that isn’t centered on one’s own “local situation” not to mention a break from the math and charts.

Remember…fear and greed are what moves human beings to do the crazy things they do so…. keep this in mind while formulating your answers.

EUR Looking To Fly Hgher