Monday, April 27, 2015

Martin Armstrong Interview 2015-04-24 Germany TV Show ZDF Aspekte Aspects

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April/May Safe Haven Play - Sell In May and Go Away

Each year traders try to navigate their way through the financial market and turn a profit. But this is difficult.
The stock market provides market participants with several opportunities each. With all the holidays and climate changes the market as a whole along with specific sectors typically have seasonal rallies and sell off in price.
As May approaches many of us are starting to figure out how to play the “Sell in May and Go Away” potential move.
I cannot help think stocks will start to struggle as indexes test new highs and key resistance levels. The good news is that when money is flowing out of one investment it typically flows into another which provides us with an opportunity to make money.
Risk capital has been flowing into stocks recently but with the stock market over bought on a short term basis traders will start to protect their capital and move to specific sectors within the market to protect their capital.

Utilities have been underperforming all year and are not being talked about by anyone. This is a contrarian signal that it will likely become the sector of choice as fear creeps into the minds of market participants.
The chart below shows price of this sector is trading at the key 200 day moving average which should provide support. Also the bullish chart pattern is pointing to higher prices.

It Is The Season For Utilities!
The chart below clearly shows where price is trading today and what is likely to happen over the next 2-3 weeks as we enter May.

It Is That Time Again – Conclusion:
In short, US equities continue to be in a long term bull market. It is best to remain net long stocks as the odds of a trend continuing is more likely than not.
So I feel a great way to get involved in the market here is to get long the utility sector through the exchange traded fund XLU.
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My New Target for the Nasdaq The bullish "W" formation on the chart provides a fairly reliable target of 5,200

Stocks posted their second consecutive day of gains on Thursday, and the Nasdaq Composite stole the show by setting a new record closing high. It took more than 15 years, but the index finally exceeded its prior peak at 5,048.62, made on March 10, 2010, with a close of 5,056.06.
Several previous attempts at a new high in the Nasdaq failed. The latest run at a record was in March, when the index closed over 5,000, but then pulled back on profit-taking and fear of lower-than-expected Q1 earnings.  (more)

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Cynosure (NASDAQ: CYNO) Chart Says This Medical Equipment Stock is Poised for a Big Rally

Health care stocks rank among the biggest winners of the current bull market, and one subsector that has shown significant outperformance in the past six months is medical equipment makers.
Since many of the stocks in this group have already made big runs, I am on the lookout for fresh chart pattern breakouts.
Aesthetic and medical device maker Cynosure (NASDAQ: CYNO) fits that bill. The company makes devices to treat various skin and vascular conditions, including tattoo removal and cellulite treatments.
On the charts, Cynosure has been trading in a very wide long-term trading range between $21 and $31.50, in round numbers.  (more)

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US Weekly Economic Calendar

time (et) report period ACTUAL CONSENSUS
9 am Case-Shiller home prices Feb. -- 4.5% y-o-y
10 am Consumer confidence April 102.4 101.3
8:30 am Gross domestic product 1Q 1.2% 2.2%
10 am Pending home sales March -1.3% 3.1%
2 pm FOMC announcement
8:30 am Weekly jobless claims April 25
8:30 am Employment cost index 1Q
0.7% 0.6%
8:30 am Personal income March
0.3% 0.4%
8:30 am Consumer spending March 0.5% 0.1%
8:30 am Core inflation March N/A 0.1%
9:45 am Chicago PMI April -- 46.3
9;45 am Markit PMI April
-- 55.7
10 am ISM April 51.9% 51.5%
10 am Construction spending March 0.5% -0.1%
10 am Consumer sentiment April N/A 95.9
TBA Motor vehicle sales April 17.1 mln 17.2 mln

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