Monday, August 11, 2014

It’s Never Different This Time – CNBC Interviews Paul Tudor Jones After The Close On Black Monday / by Tyler Durden on 08/09/2014 15:21
This is a market that has been seriously overvalued for some time,” exclaims Paul Tudor Jones,”and what we are seeing today is the piercing of the bubble…” adding that “Wall Street was uniformly unprepared for this kind of a drop.”
Of course Bill Griffeth asks should we buy this dip… Tudor Jones replies – so ironically -
 “we should see massive Federal Reserve and Government intervention in the FX and debt markets to stem what has unquestionably been a panic.”

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Technician Tom McClellan: Stock Market Heading Higher By Year End, Seasonal Weakness Until October

Also, Ryan Puplava, Erik Townsend and Chris Puplava

Jim welcomes back Tom McClellan, Editor of McClellan Financial Publications. Tom sees the Presidential 2nd Term Cycle Pattern playing out exactly so far this year, and expects seasonal weakness until October, with the market then picking up and finishing the year strongly.
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Juniper Networks, Inc. (NYSE: JNPR)

Juniper Networks, Inc. designs, develops, and sells products and services for high-performance networks worldwide. The Platform Systems Division segment offers scalable routing and switching products that are used in service provider, enterprise, and public sector networks to control and direct network traffic between data centers, core, edge, aggregation, campus, wide area networks, and consumer and business devices. The Software Solutions Division segment offers solutions focused on network security and network services applications for service providers and enterprise customers. The company also offers technical support and professional services, as well as educational and training programs. It sells its network products and services through direct sales, distributors, value-added resellers, and original equipment manufacturer partners to end-users in the service provider and enterprise markets.
Take a look at the 1-year chart of Juniper (NYSE: JNPR) with the added notations:
1-year chart of Juniper (NYSE: JNPR)
JNPR was rallying nicely up until the beginning of this year. However, after declining into April, the stock had been trading sideways for the last few months while holding an important level of support at $24 (blue). Last week the stock finally broke that support. After its recent retest of $24, JNPR should be moving overall lower from here.

The Tale of the Tape: JNPR had a key level of support at $24. Now that the stock has broken support, a trader might want to enter a short trade at or near the $24 level with a stop placed above that level. A break back above $24 could negate the forecast for a move lower.
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WORLD WAR III, GOLD, SILVER, URANIUM & MUCH MORE – James Dines: / Sunday, August 10, 2014
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Sugar Could Double Again

Over the past few years, the sugar market has been on a tear.
As massive amounts of sugar were being produced around the world, the resulting surplus proved detrimental for the price.
It fell by over 50% from its 30-year peak in 2011, to a low of $0.15 per pound in early 2014.
Currently, sugar is trading at about $0.17 a pound, still well off its 2011 highs. But there’s reason for optimism for long-suffering sugar bulls…(more)Please share this article

US Weekly Economic Calendar

time (et) report period Actual CONSENSUS

None scheduled

7:30 am NFIB small business survey July   -- 95.0
10 am Job openings June   -- 4.6 mln
2 pm Federal budget July   -- -$98 bln
8:30 am Retail sales July   0.2% 0.2%
8:30 am Retail sales ex-autos July   0.4% 0.4%
10 am Business inventories June   0.3% 0.5%
8:30 am Weekly jobless claims Aug. 9
-- 289,000
8:30 am Import price index July   -0.2% 0.1%
8:30 am Producer price index July   0.1% 0.4%
8:30 am Empire state index Aug.   20.0 25.6
9:15 am Industrial production July   0.3% 0.2%
9:15 am Capacity utilization July   79.2% 79.1%
9:55 am Consumer sentiment Aug.   82.4 81.8
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