$SLV's 15/40-week EMAs

$IWM's EMAs

$SLV Has No Friends -- That's the Good News! Bad News, Still in Stage Four Bear

Bulls: Take Heed of the Following Chart!

iShares Russell 2000 ETF (IWF): Trend Change Ahead?

The iShares Russell 2000 ETF (IWM) seeks to track the investment results of an index composed of small-capitalization U.S. equities. Small-cap equities portend the direction of the market indexes in general, such as the DJIA and S&P 500.

The following chart of the IWM illustrates its 15-week EMA in relation to its 40-week EMA. If you are a long-term reader of my blog, you know the significance of this exponential moving average strategy (EMA).  For those of you that are new, the EMA strategy is as follows: (1) 15-week EMA > 40-week EMA -- market trend is up (Bullish), and (2) 15-week EMA < 40-week EMA -- market trend is down (Bearish).

As you can see from the following IWM chart, the 15-week EMA exceeds the 40-week EMA. Therefore, yes, the bullish trend is still in place. However, both the 15-week EMA and 40-week EMA appear to be rolling over (flattening out), which could be a precursor of a change in trend from bullish to bearish. I will continue to monitor this ETF very closely.

$SLV: Relief Rally?

$SLV at a Four Year Low! What's Next?

What's Up With Oil?

The price decline in oil is due the softness in the world economies  It really is that simple, pundits.  Just refer to the following chart.  But, what about the tensions in the Middle East, you opine?  As I stated, look at the chart and surmise the expectations for GDP growth forward.

Mortgage Rates Up, Home Purchase Activity at 20-Year Low

The following four charts are compliments of Zero Hedge.  As you will quickly notice, we don't have a housing recovery, in spite of what you hear from your real-estate broker.  However, never let a housing crisis go to waste without government intervention.  (I believe I have heard that phrase being used in the past.)  So, out of the House Financial Services Committee comes H.R. 5148 "Access to Affordable Mortgage Act of 2014."  That reads a whole lot like the "Affordable Health Care Act," doesn't it?  Well, do yourself a favor and do a Google search on this pending legislation; because if it is passed into law, we will definitely have another sub-prime mortgage debacle like 2008.

Now the charts,

 

Welfare Recipients Can Use EBT Cards for Marijuana

Now, let me get this right.  Welfare recipients can not use their EBT cards at liquor stores; but they can at marijuana dispensaries in those states that have legalized pot.  Yes, that is correct.  Congress in 2011 had passed laws that allowed the Department of Health and Human Services (HHS) to prohibit EBT benefits from being spent at vice institutions, such as liquor stores, strip clubs and casinos.  However, HHS did not interpret that authority to include marijuana shops.  No, I am not kidding, but I surely wish that I was kidding.  Call your Representative and Senators and tell them to cut this crap out immediately.

What Stock Market Bubble?

Up, up, and away!  Just look at the following chart of the S&P 500 by John Hussman.  Do you see any potential consequences to investors' wealth going forward?  Nah!  Everything is well.  Risk-on, investors. What investors fail to see is that the level of bearishness is close to a thirty-year low.

2017 Self-Driving Cadillac

The 2017 Cadillac model will feature “Super Cruise” technology that takes control of steering, acceleration and braking at highway speeds of 70 miles per hour or in stop-and-go congested traffic.  Now, I have a question for GM. If you, GM, can not get an ignition switch to work properly that has caused untold number of deaths, how are you going to convince the American public that you can create a system that can drive itself without killing more GM owners?