Tim Well, it looks like we’re about to find out how equity markets react “when” weekly claims for unemployment insurance reach 500,000, the question of “if” no longer being relevant. According to this AP report, so far, not so good, that is, if you’re long. Stock futures drop as jobless claims rise Stock futures fall after claims for...

GM filed documents Wednesday begging the SEC to approve an initial public offering. It seems once again GM thinks it can blow smoke up the American peoples ass and into thinking Taxpayers will be FULLY paid back. Much like GM did with the absurd Ed Whitacre commercials where he blatantly lied “the taxpayers have been paid back in full.”...

by Karl Denninger A provocative question, to put it mildly. It looks like it might have been.  In fact, Nanex appears to have solid information that implies quite strongly that the “Flash Crash” may have been engineered. Specifically: As small lags in time from quotes sent through CQS happen every day, the NBBO system cannot be relied...

In my last article a few weeks ago for Kitco.com, I was concerned that the market could have a hangover after the recent rally.  Apparently, my concern was not un-founded as we dropped from a rising bearish wedge near 1130, to the 1070 Fibonacci pivot earlier this week.  Although my subscribers were prepared for this drop by shorting the SP ...

Tim Iacono Reversing the trend that began in early-July and then accelerated later in the month, the “tonnes in the trust” at the popular SPDR Gold Shares ETF (NYSE:GLD) has been rising in recent weeks, the largest addition in over two months occurring just yesterday. Some of this new buying could have come from Eton Park Capital Management as...

Courtesy of Joshua M Brown, The Reformed Broker “Eighty-one percent of the jobs lost in America were from small business,” -Senator Mary L. Landrieu, (D) Louisiana and chairwoman of the small-business committee One of my pet topics here is the utter neglect of small businesses, which have been completely ignored during the race to stimulate...

Tim Iacono Radar Logic CEO Michael Feder talks to Matt Miller and Carol Massar of Bloomberg about the housing market, saying home sales this summer are likely to be the “lowest activity in years” as a result of the homebuyer tax credit pulling so much demand forward in the spring. The headline this interview generated at Bloomberg appears in...

Making trading mistakes because you’re not disciplined is just…well, crazy! At least now it is. You see, Norman Hallett has just released, “The Disciplined Trader BASICS Program”, where you can learn the basics of being an Ice-In-The-Veins trader in just one week! Rather than tell you why I like this new Program so much, I...

In the August issue of his Elliott Wave Theorist, market forecaster Robert Prechter alerted readers that the U.S. stock market was slicing the neckline of a classic head-and-shoulders pattern in technical analysis, and that this may send the market into critical condition. Prechter said...

by Tyler Durden The one must watch interview of the week (if not of the year) features Hayman Capital’s Kyle Bass. Bass, who correctly called the subprime implosion (and profited handsomely from it) as a iconoclast contrarian to conventional wisdom, tells David Faber that “given my outlook on the world, I don’t know how I can be...

The Market Ticker Seriously folks…. The Producer Price Index for Finished Goods rose 0.2 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This advance followed a 0.5-percent decline in June and a 0.3-percent decrease in May. At the earlier stages of processing, prices received by manufacturers of...

Tim Iacono The Census Bureau reported(.pdf) that housing starts rose 1.7 percent in July, but permits for new construction fell 3.1 percent as residential construction remains in the doldrums, only a small and very short-lived boost coming from the recently expired homebuyer tax credit. Both measures of new home construction fell short of expectations....

by Karl Denninger Here it comes (again): Aug. 16 (Bloomberg) — The back-to-school shopping season is off to a slow start as retailers and consumers wait to see who will blink first. Oh do come on. “Consumers” eh?  That’s all we are?  Hear my famous rant some time on this? I know Madison Avenue makes their money getting you...

Courtesy of The Pragmatic Capitalist Are you betting on the return of the buy and hold strategy?  You might want to think again.  The last three secular bear markets lasted an average of 17 tears…. Source: UBS Phil’s Stock World provides frequent intraday news updates similar to this one to members. As part of a special opportunity, readers...

At Active Trading Partners, we take a different approach to trading than most online services in terms of advising our subscribers.   Our methodology revolves around behavioral characteristics of the crowd, and taking advantage of the extremes in sentiment, whether bullish or bearish. In the case of ETF trading, we often work with 3x Bull or Bear...