Corporate Bonds Are Breaking Down, the Fed Is About to Step In Again

Posted on September 24, 2020 by The Phoenix

The Fed is about to intervene in the markets.

The corporate bond market is once again coming under duress. The last two times this happened, the Fed announced a new monetary policy within days.

Junk bonds have broken below support.

Investment grade bonds are about to do the same.

This indicates that the $10 trillion corporate bond market is coming under duress.

The Fed has spent trillions of dollars propping up this market and other more senior debt instruments. Why would it suddenly decide to let them implode? 

So we can expect the Fed to announce a new monetary policy, or at the very least, stage a verbal intervention shortly.

At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed and US government are trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.

We had the Tech Bubble in the ’90s.

The Housing Bubble in the mid-00s.

And now the Everything Bubble in 2020.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on Corporate Bonds Are Breaking Down, the Fed Is About to Step In Again

The Fed and the Treasury Want More Stimulus… Here’s How to Profit From It

Posted on September 23, 2020 by The Phoenix

The big message from Fed Chair Jerome Powell and Treasury Secretary Steve Mnuchin’s testimonies to congress yesterday was the following…

Even more money will soon be flowing into the economy.

Both Powell and Mnuchin were adamant that the recovery requires additional fiscal stimulus. Powell stated that the economy would likely slide back into recession without another stimulus program, while Mnuchin emphasized that the next stimulus program should target children and jobs.

So again… even more money will soon be flowing into the economy.

Remember, the U.S. government has already employed a $2.2 trillion stimulus program. A second stimulus program ranging from $1 trillion to $2 trillion is currently being held up by congress. But it is clear that both the Fed and the Treasury feel that this money needs to be released soon.

And this is going to unleash inflation.

As I’ve written previously, the big difference between policymakers’ response to the 2008 crisis and their response to the COVID-19 pandemic is that this time around, much of the money being printed has actually made its way into the economy.

This is why the $USD has plunged while inflation hedges like gold have exploded higher.

Both of these trends are taking a breather right now (nothing goes straight up or straight down in the markets). But the comments from the Fed and the Treasury have made it clear that they want even MORE money to be funneled into the economy as soon as possible.

Which means… more money printing, which means a lower $USD, which means higher inflation.

Investors now have a decision… do they try to bet against the Fed AND the Treasury… or do they take steps to profit from what will be the biggest trend of the next 12 months?

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 39 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Inflation | Comments Off on The Fed and the Treasury Want More Stimulus… Here’s How to Profit From It

The Fed Just Told Us the Biggest Opportunity of the Next 12 Months

Posted on September 23, 2020 by The Phoenix

The big message from Fed Chair Jerome Powell and Treasury Secretary Steve Mnuchin’s testimonies to congress yesterday was the following…

Even more money will soon be flowing into the economy.

Both Powell and Mnuchin were adamant that the recovery requires additional fiscal stimulus. Powell stated that the economy would likely slide back into recession without another stimulus program, while Mnuchin emphasized that the next stimulus program should target children and jobs.

So again… even more money will soon be flowing into the economy.

Remember, the U.S. government has already employed a $2.2 trillion stimulus program. A second stimulus program ranging from $1 trillion to $2 trillion is currently being held up by congress. But it is clear that both the Fed and the Treasury feel that this money needs to be released soon.

And this is going to unleash inflation.

As I’ve written previously, the big difference between policymakers’ response to the 2008 crisis and their response to the COVID-19 pandemic is that this time around, much of the money being printed has actually made its way into the economy.

This is why the $USD has plunged while inflation hedges like gold have exploded higher.

Both of these trends are taking a breather right now (nothing goes straight up or straight down in the markets). But the comments from the Fed and the Treasury have made it clear that they want even MORE money to be funneled into the economy as soon as possible.

Which means… more money printing, which means a lower $USD, which means higher inflation.

Investors now have a decision… do they try to bet against the Fed AND the Treasury… or do they take steps to profit from what will be the biggest trend of the next 12 months?

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We are making just 100 copies available to the public.

There are just 39 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Inflation | Comments Off on The Fed Just Told Us the Biggest Opportunity of the Next 12 Months

Three Charts Every Investor Needs to See Today

Posted on September 22, 2020 by The Phoenix

Stocks dropped to the lower level of support (green line in the chart below) I pointed out in yesterday’s missive. They then bounce hard in the intraday session, closing near the highs of the day. 

We now have the beginnings of a bullish falling wedge formation (blue lines in the chart below). We should see a move higher to 3,350 or so, before the final drop to perhaps 3,200.

Something like this:

This conforms with my roadmap for the remainder of September: a sideways/ chop fest that favors the downside, before stocks begin their next major leg up in October.

Something like this:

Indeed, anything in this box is a BUY WITH BOTH HANDS for the long-term (not a day trade). We’ll likely be there in the next two weeks.

If you’re looking for this kind of precise guidance on how to trade the markets, I strongly urge you to join our FREE daily e-letter, Gains Pains & Capital. You’ll immediately start receiving our market missives delivered to your inbox every morning.

To do so, go to: https://gainspainscapital.com/

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Trading Opportunity | Comments Off on Three Charts Every Investor Needs to See Today

Here’s a Road Map For What’s Coming to the Markets

Posted on September 21, 2020 by The Phoenix

Stocks are down sharply this morning.

This means they’ve taken out their first level of support (top blue line) and will now test secondary support (lower blue line).

This is not without precedent and honestly, those calling for a crash here are getting carried away. The reality is that stocks were EXTREMELY overbought going into this correction.

Look how stretched the S&P 500 was from its 50-day moving average during this recent rally (purple circle) relative to recent tops (red circles).

It is HIGHLY unusual for the market to be this stretched and NOT stage a significant correction. Again, this was 100% to be expected and if you were watching for this in advance, you likely already locked in a number of solid gains from this move.

So, what is likely to play out here?

Stocks make a new low this week, before preparing for the next leg up. Something like this:

f you’re looking for this kind of precise guidance on how to trade the markets, I strongly urge you to join our FREE daily e-letter, Gains Pains & Capital. You’ll immediately start receiving our market missives delivered to your inbox every morning.

To do so, go to: https://gainspainscapital.com/

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Trading Opportunity | Comments Off on Here’s a Road Map For What’s Coming to the Markets

Monday Market Forecast: Your Blueprint For This Week

Posted on September 21, 2020 by The Phoenix

Stocks are down sharply this morning.

This means they’ve taken out their first level of support (top blue line) and will now test secondary support (lower blue line).

This is not without precedent and honestly, those calling for a crash here are getting carried away. The reality is that stocks were EXTREMELY overbought going into this correction.

Look how stretched the S&P 500 was from its 50-day moving average during this recent rally (purple circle) relative to recent tops (red circles).

It is HIGHLY unusual for the market to be this stretched and NOT stage a significant correction. Again, this was 100% to be expected and if you were watching for this in advance, you likely already locked in a number of solid gains from this move.

So, what is likely to play out here?

Stocks make a new low this week, before preparing for the next leg up. Something like this:

f you’re looking for this kind of precise guidance on how to trade the markets, I strongly urge you to join our FREE daily e-letter, Gains Pains & Capital. You’ll immediately start receiving our market missives delivered to your inbox every morning.

To do so, go to: https://gainspainscapital.com/

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Trading Opportunity | Comments Off on Monday Market Forecast: Your Blueprint For This Week

Our Best Seller is Now 85% Off on Kindle

Posted on September 18, 2020 by The Phoenix

Amazon is currently running a special on The Everything Bubble…
an astonishing 85% off on the Kindle version.

So if you’ve yet to pick up a copy… or would like to gift a copy
to family and friends, this is the single best opportunity all year to do so.

To take advantage of these prices… and potentially change someone’s
life with the gift of knowledge and understanding of how our
financial system truly works…

Click Here Now!!!

Best Regards

Graham Summers
Chief Market Strategist
Phoenix Capital Research

Posted in The Everything Bubble | Comments Off on Our Best Seller is Now 85% Off on Kindle

“Make Billionaire’s Pay” is a Trojan Horse for Wealth Taxes on the Middle Class

Posted on September 16, 2020 by The Phoenix

Yes, they are coming for your money.

As I first predicted in my booked The Everything Bubble in 2017, whenever the next crisis hits in the U.S., the political elites in the U.S. will use it as an excuse to implement wealth taxes and cash grabs.

The COVID-19 pandemic hit in February of 2020. And right on cue, within a few months policymakers are calling for wealth taxes.

Their reasoning?

To fund the insane debt loads cities and states have racked up in the decades leading up to the pandemic.

We’ve already addressed the situation in New York and California where legislation is being introduced to tax the super wealth.

Now there are calls for a NATION-wide wealth tax on billionaires designed to fund health care costs for average Americans.

Independent Vermont Sen. Bernie Sanders—backed by Democratic Sens. Kirsten Gillibrand of New York and Ed Markey of Massachusetts—has introduced the Make Billionaires Pay Act to recapture over half the extreme wealth gains made by billionaires during the pandemic.

The bill proposes a one-time, 60% tax exclusively on billionaires’ gains between March 18 and the end of this year. It would raise about $420 billion, based on the increased wealth of the country’s billionaires as of Aug. 5. 

Source: MarketWatch

Anyone who thinks that the wealth taxes would truly be just a “one time” deal aimed exclusively at the “super wealthy” needs to have his or her head examined.

Like every other horrible policy of the last 20 years, Wealth Taxes are being introduced to the public via their most palatable version… namely, “taxing billionaires” or the “super wealthy.”

This same story played out with both the Patriot Act and Obamacare. The political elite always sell the American people on aggressive policies by presenting the policies in the least offensive manner possible.

After all, who could be against the government spying on people if it is designed to just target terrorists?

And who could be against the government taking over healthcare if you can keep your doctor and will save $2,500 per year on your healthcare bills?

And who can be against taxing billionaires a percentage of their gains from stock market?

Except that’s not the plan at all.

The IMF has already shown us the plan… which is a 10% tax on NET WEALTH for everyone.

The reasoning?

To shore up sovereign balance sheets (reduce debt levels). And believe it or not, some of this plan has already been signed into law.

Did you know that in 2011, the US passed legislation that would allow regulators to:

1)    Freeze bank accounts and use them to “bail-in” financial institutions/ banks.

2)    Close the “gates” on investment funds/ money market funds to stop you from getting your money out.

3)    Impose wealth taxes and seize unused assets.

If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.

If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.

We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.

We are making just 99 copies available for FREE the general public.

You can pick up a FREE copy at:

http://phoenixcapitalmarketing.com/GWG.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Wealth Grab | Comments Off on “Make Billionaire’s Pay” is a Trojan Horse for Wealth Taxes on the Middle Class

It’s Official, Congress Has Introduced Its First Wealth Tax Bill…

Posted on September 16, 2020 by The Phoenix

Yes, they are coming for your money.

As I first predicted in my booked The Everything Bubble in 2017, whenever the next crisis hits in the U.S., the political elites in the U.S. will use it as an excuse to implement wealth taxes and cash grabs.

The COVID-19 pandemic hit in February of 2020. And right on cue, within a few months policymakers are calling for wealth taxes.

Their reasoning?

To fund the insane debt loads cities and states have racked up in the decades leading up to the pandemic.

We’ve already addressed the situation in New York and California where legislation is being introduced to tax the super wealth.

Now there are calls for a NATION-wide wealth tax on billionaires designed to fund health care costs for average Americans.

Independent Vermont Sen. Bernie Sanders—backed by Democratic Sens. Kirsten Gillibrand of New York and Ed Markey of Massachusetts—has introduced the Make Billionaires Pay Act to recapture over half the extreme wealth gains made by billionaires during the pandemic.

The bill proposes a one-time, 60% tax exclusively on billionaires’ gains between March 18 and the end of this year. It would raise about $420 billion, based on the increased wealth of the country’s billionaires as of Aug. 5. 

Source: MarketWatch

Anyone who thinks that the wealth taxes would truly be just a “one time” deal aimed exclusively at the “super wealthy” needs to have his or her head examined.

Like every other horrible policy of the last 20 years, Wealth Taxes are being introduced to the public via their most palatable version… namely, “taxing billionaires” or the “super wealthy.”

This same story played out with both the Patriot Act and Obamacare. The political elite always sell the American people on aggressive policies by presenting the policies in the least offensive manner possible.

After all, who could be against the government spying on people if it is designed to just target terrorists?

And who could be against the government taking over healthcare if you can keep your doctor and will save $2,500 per year on your healthcare bills?

And who can be against taxing billionaires a percentage of their gains from stock market?

Except that’s not the plan at all.

The IMF has already shown us the plan… which is a 10% tax on NET WEALTH for everyone.

The reasoning?

To shore up sovereign balance sheets (reduce debt levels). And believe it or not, some of this plan has already been signed into law.

Did you know that in 2011, the US passed legislation that would allow regulators to:

1)    Freeze bank accounts and use them to “bail-in” financial institutions/ banks.

2)    Close the “gates” on investment funds/ money market funds to stop you from getting your money out.

3)    Impose wealth taxes and seize unused assets.

If you think that’s bad, consider that the Fed plans to both seize and STEAL savings during the next crisis/ recession.

If you think this sounds like a “conspiracy theory” we’ve actually uncovered a secret document outlining exactly how the elites plan to do this. It was written by a man who has served as an advisor to THREE separate central banks.

We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.

We are making just 99 copies available for FREE the general public.

You can pick up a FREE copy at:

http://phoenixcapitalmarketing.com/GWG.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Wealth Grab | Comments Off on It’s Official, Congress Has Introduced Its First Wealth Tax Bill…

The Next Major Market Move Might Not Be in Tech

Posted on September 15, 2020 by The Phoenix

Leadership has changed in the markets.

Since the March lows, tech, specifically cloud-based tech has lead the markets higher. Companies like Square (SQ) have more than tripled in share price while the S&P 500 is up 40%.

GPC915201.png

However, in the last few weeks this has changed. Former market leaders like SQ or Shopify (SHOP) have been trading sideways.

GPC915202.png

Meanwhile, industrial plays like Freeport McMoran (FCX) and John Deere (DE) have barely corrected at all, soaring to new highs.

GPC915203.png

Why is this?

The market is sensing that the next major move will be driven by fiscal spending and the Trump administration’s coming infrastructure program.

Put another way, the COVID-19 lockdowns are ending, the rush into cloud/ remote working plays is ending, and the next major market move will be driven by government spending.

Those who get into this trend early could stand to make literal fortunes.

At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed and US government are trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.

We had the Tech Bubble in the ’90s.

The Housing Bubble in the mid-00s.

And now the Everything Bubble in 2020.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on The Next Major Market Move Might Not Be in Tech

This is Where the Next Major Market Move Will Hit

Posted on September 15, 2020 by The Phoenix

Leadership has changed in the markets.

Since the March lows, tech, specifically cloud-based tech has lead the markets higher. Companies like Square (SQ) have more than tripled in share price while the S&P 500 is up 40%.

GPC915201.png

However, in the last few weeks this has changed. Former market leaders like SQ or Shopify (SHOP) have been trading sideways.

GPC915202.png

Meanwhile, industrial plays like Freeport McMoran (FCX) and John Deere (DE) have barely corrected at all, soaring to new highs.

GPC915203.png

Why is this?

The market is sensing that the next major move will be driven by fiscal spending and the Trump administration’s coming infrastructure program.

Put another way, the COVID-19 lockdowns are ending, the rush into cloud/ remote working plays is ending, and the next major market move will be driven by government spending.

Those who get into this trend early could stand to make literal fortunes.

At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed and US government are trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.

We had the Tech Bubble in the ’90s.

The Housing Bubble in the mid-00s.

And now the Everything Bubble in 2020.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on This is Where the Next Major Market Move Will Hit

Here’s the Likely Roadmap For Stocks Moving Into October

Posted on September 14, 2020 by The Phoenix

Stocks held their 50-DMA as expected last week. As I write this Monday morning, they are bouncing hard.

However, this doesn’t mean we’re out of the woods by any means. The technical damage from last week’s sell offs was significant. We’ve broken below support (green line). And the bulls have failed to mount any significant energy to get stocks back into an uptrend.

What does this mean?

That we’re likely to see more chopping/ sideways action for some time. The S&P 500 has had two such periods since the March bottom. I’ve highlighted them in blue rectangles in the chart below.

In terms of price, I wouldn’t expect stocks to break down a lot lower than where they are… but similarly I wouldn’t expect us to see a sustained rally either. Instead we’re like to see a lot of ups and downs for the next few weeks into October.

However, if things begin to get ugly I expect the Fed to intervene aggressively.

At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed and other central banks are trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.

We had the Tech Bubble in the ’90s.

The Housing Bubble in the mid-00s.

And now the Everything Bubble in 2020.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on Here’s the Likely Roadmap For Stocks Moving Into October

Here’s My Blueprint For the Markets This Week

Posted on September 14, 2020 by The Phoenix

Stocks held their 50-DMA as expected last week. As I write this Monday morning, they are bouncing hard.

However, this doesn’t mean we’re out of the woods by any means. The technical damage from last week’s sell offs was significant. We’ve broken below support (green line). And the bulls have failed to mount any significant energy to get stocks back into an uptrend.

What does this mean?

That we’re likely to see more chopping/ sideways action for some time. The S&P 500 has had two such periods since the March bottom. I’ve highlighted them in blue rectangles in the chart below.

In terms of price, I wouldn’t expect stocks to break down a lot lower than where they are… but similarly I wouldn’t expect us to see a sustained rally either. Instead we’re like to see a lot of ups and downs for the next few weeks into October.

However, if things begin to get ugly I expect the Fed to intervene aggressively.

At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed and other central banks are trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.

We had the Tech Bubble in the ’90s.

The Housing Bubble in the mid-00s.

And now the Everything Bubble in 2020.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on Here’s My Blueprint For the Markets This Week

Gold is Holding Up Shockingly Well During Risk-Off

Posted on September 10, 2020 by The Phoenix

Stocks began to bounce yesterday. The question now is if this bounce has legs or if it’s just a blip in a new downtrend.

Both the S&P 500 and the NASDAQ have broken the downward channels (blue lines) established by the recent correction. However, thus far only the S&P 500 has broken above resistance (red line). So, this is something of a tossup.

The above chart tells us that there was little if any real organic buying yesterday. If real buyers had stepped in, tech stocks should have taken out resistance with little issue. The fact they didn’t tell us that day traders came in and then were forced to unload their longs before the session ended, hence why the NASDAQ put in those two weak candles in the last half of the session.

Based on this alone, we need to see some follow through to the upside today to issue an “all clear” for a significant bounce. Again, I’d not pile into stocks just yet.

Having said that, there are some interesting developments in gold.

Gold has held up remarkably well while stocks plunged 10% in just three days.  Normally you’d expect to see gold be liquidated. Instead, it’s actually fallen LESS than stocks!

The chart shows a clear formation with support holding multiple times.

This suggests pressure is building to the upside. Gold may be ready for its next leg up.

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We have made 100 copies available to the general public.

As I write this, there are only 29 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Trading Opportunity | Comments Off on Gold is Holding Up Shockingly Well During Risk-Off

Stocks Struggle, But Gold is Looking Better and Better

Posted on September 10, 2020 by The Phoenix

Stocks began to bounce yesterday. The question now is if this bounce has legs or if it’s just a blip in a new downtrend.

Both the S&P 500 and the NASDAQ have broken the downward channels (blue lines) established by the recent correction. However, thus far only the S&P 500 has broken above resistance (red line). So, this is something of a tossup.

The above chart tells us that there was little if any real organic buying yesterday. If real buyers had stepped in, tech stocks should have taken out resistance with little issue. The fact they didn’t tell us that day traders came in and then were forced to unload their longs before the session ended, hence why the NASDAQ put in those two weak candles in the last half of the session.

Based on this alone, we need to see some follow through to the upside today to issue an “all clear” for a significant bounce. Again, I’d not pile into stocks just yet.

Having said that, there are some interesting developments in gold.

Gold has held up remarkably well while stocks plunged 10% in just three days.  Normally you’d expect to see gold be liquidated. Instead, it’s actually fallen LESS than stocks!

The chart shows a clear formation with support holding multiple times.

This suggests pressure is building to the upside. Gold may be ready for its next leg up.

On that note, we just published a Special Investment Report concerning FIVE contrarian investments you can use to make precious metals pay you as inflation rips through the financial system in the months ahead.Paragraph

The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU through care investing in the precious metals sector and precious metals mining.

We have made 100 copies available to the general public.

As I write this, there are only 29 left.

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/inflationstorm.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Trading Opportunity | Comments Off on Stocks Struggle, But Gold is Looking Better and Better

Are the Markets About to Crash? Let’s Find Out!

Posted on September 8, 2020 by The Phoenix

Stocks are a bloodbath this morning.

To be fair, the market was EXTREMELY overbought going into this correct. So, we are MORE than due for a drop.

The most egregious stocks in terms of being overbought were Tech stocks. This is where we’ll see the most severe drops. We bounce off support on Friday, but it’s highly likely we’ll work our way down to the lower blue line in the coming days.

A screenshot of a social media post Description automatically generated

Tesla (TSLA) is the ultimate example of just how ridiculous things had gotten. It could almost HALVE and still maintain its bull market trendline (purple line).

A close up of a map Description automatically generated

Is this going to be a crash? For some parts of the market it will feel like it. For others, the selling will be less dramatic.

However, this DOES present us with the first REAL opportunity to profit from a collapse since the March lows.

In light of this, we’ve reopened our Stock Market Crash Survival Guide to the general public.

Within its 21 pages we outline which investments will perform best during a market meltdown as well as how to take out “Crash insurance” on your portfolio (these instruments returned TRIPLE digit gains during 2008).

We are making 100 copies available to the public.

To pick up your copy of this report, FREE, swing by:

http://phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in stock collapse? | Comments Off on Are the Markets About to Crash? Let’s Find Out!

Is This Just a Correction… or the Start of a Crash?

Posted on September 8, 2020 by The Phoenix

Stocks are a bloodbath this morning.

To be fair, the market was EXTREMELY overbought going into this correct. So, we are MORE than due for a drop.

The most egregious stocks in terms of being overbought were Tech stocks. This is where we’ll see the most severe drops. We bounce off support on Friday, but it’s highly likely we’ll work our way down to the lower blue line in the coming days.

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Tesla (TSLA) is the ultimate example of just how ridiculous things had gotten. It could almost HALVE and still maintain its bull market trendline (purple line).

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Is this going to be a crash? For some parts of the market it will feel like it. For others, the selling will be less dramatic.

However, this DOES present us with the first REAL opportunity to profit from a collapse since the March lows.

In light of this, we’ve reopened our Stock Market Crash Survival Guide to the general public.

Within its 21 pages we outline which investments will perform best during a market meltdown as well as how to take out “Crash insurance” on your portfolio (these instruments returned TRIPLE digit gains during 2008).

We are making 100 copies available to the public.

To pick up your copy of this report, FREE, swing by:

http://phoenixcapitalmarketing.com/stockmarketcrash.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in stock collapse? | Comments Off on Is This Just a Correction… or the Start of a Crash?

Is the TOP In? Here Are Four Charts to Help Us Find Out

Posted on September 4, 2020 by The Phoenix

The single most important thing to do today is “watch and wait.”

Stocks got slammed yesterday. For all of the carnage, the S&P 500 held its bull market trendline. If the TOP is indeed in as many are claiming, we should take this line out shortly. Something to watch before panicking.

The NASDAQ, despite an absolute bloodbath, didn’t even get to its trendline. Again, for all the screaming that THE TOP is in and stocks are entering a bear market, we’ve not even taken out the clear and obvious bull channel of the last four months. Let’s take a deep breath and watch to see what happens before we panic and dump our holdings.

Outside of stocks, precious metals also held support.

Gold is forming a clear triangle consolidation pattern. The fact the precious metal didn’t collapse more yesterday is a very positive sign.

Silver, which is a much more volatile metal also held support. Here again we need to wait and watch. If the markets are indeed entering a “risk off” environment, silver should take out support with little difficulty.

These are four charts I’m watching today. Rather than trying to predict the future, I’m letting the market tell me what’s what. I suggest you do the same.

Graham Summers

Chief Market Stategist

Phoenix Capital Research

Posted in Head Fake | Comments Off on Is the TOP In? Here Are Four Charts to Help Us Find Out

Four Charts Every Investor Needs to See Today to Know What Comes Next

Posted on September 4, 2020 by The Phoenix

The single most important thing to do today is “watch and wait.”

Stocks got slammed yesterday. For all of the carnage, the S&P 500 held its bull market trendline. If the TOP is indeed in as many are claiming, we should take this line out shortly. Something to watch before panicking.

The NASDAQ, despite an absolute bloodbath, didn’t even get to its trendline. Again, for all the screaming that THE TOP is in and stocks are entering a bear market, we’ve not even taken out the clear and obvious bull channel of the last four months. Let’s take a deep breath and watch to see what happens before we panic and dump our holdings.

Outside of stocks, precious metals also held support.

Gold is forming a clear triangle consolidation pattern. The fact the precious metal didn’t collapse more yesterday is a very positive sign.

Silver, which is a much more volatile metal also held support. Here again we need to wait and watch. If the markets are indeed entering a “risk off” environment, silver should take out support with little difficulty.

These are four charts I’m watching today. Rather than trying to predict the future, I’m letting the market tell me what’s what. I suggest you do the same.

Graham Summers

Chief Market Stategist

Phoenix Capital Research

Posted in Trading Opportunity | Comments Off on Four Charts Every Investor Needs to See Today to Know What Comes Next

Are Central Banks Rigging the Markets Using the FANGs?

Posted on September 3, 2020 by The Phoenix

Stocks exploded higher yesterday with a massive intervention coming around 11:30AM.

As impressive as this intervention was, it was NOTHING compared to the one that hit FANG stocks. The FANG index soared over 3% when the intervention hit at 11:30AM.

This has been the overall theme since the market bottom in March. The big FANG stocks continue to rally higher and higher, driven by “someone” who wants to drive the markets higher no matter what the real economy is doing.

Take a look at the difference in performance between the FANGs and the S&P 500.

This begs the questions….

Why are these same companies outperforming so much? 

And why is it that every time the market starts to breakdown, the FANGs explode higher?

Because these are the companies that central banks are buying.

Together these companies account for over 20% of the stock market. So if central banks can get them to rally,the rest of the market will follow.

As a result of this, front-running central bank actions, is the #1 trading strategy going forward. 

At the end of the day, it all boils down to what I’ve been saying since 2017… that the Fed and other central banks are trapped in a vicious cycle through which it INTENTIONALLY creates bubbles to deal with each successive bust.

We had the Tech Bubble in the ’90s.

The Housing Bubble in the mid-00s.

And now the Everything Bubble in 2020.

On that note, we’re putting together an Executive Summary on how to play this move.

It will identify which investments will perform best during the Fed’s next bubble, including a unique play that could more than double the performance of the S&P 500.

This Executive Summary will be available exclusively to subscribers of our Gains Pains & Capital e-letter. To insure you receive a copy when it’s sent out, you can join here:

https://phoenixcapitalmarketing.com/TEB.html

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Posted in Central Bank Insanity | Comments Off on Are Central Banks Rigging the Markets Using the FANGs?