The Traderszone Network

The market made an attempt at a rally, but ultimately price retreated to end the day up slightly. Good news is that support appears to be holding up on the daily chart. There are no new signal changes on the DP Scoreboards, but the PMOs for these indexes are definitely flirting with possible positive crossover BUY signals in the short term. Join me for

Eventually the Kemper plant will start adding to the bottom line, not weighing on it. Image source: Southern Co.

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Assisted in part by some improvement in China, emerging markets (EEM) recently cleared a resistance zone that had bounded prices for several months. A tick up in the market’s tolerance for risk can be seen in the chart below…

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That’ll be Thursday morning 11 August 2016  NZ time
– Bloomberg have surveyed 16 analysts/economists, each one of them expect the bank to cut rates by 25bp
The cut is expected on the basis that inflation is too low, and while its expected to start moving higher it’ll do so at too slow a rate.

Image source: Palantir

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Image source: Marriott International.

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Permabear Marc Faber says the market could shed more than half its value, possibly over the next year.
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