The Predictive Merits of the SSICI

SYNOPSIS

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No, this isn’t a cartoon, and, no, it isn’t funny. In his “It’s easy to win trade wars!” campaign, all tariffs that Trump put on imports from China or any other country hurts Americans more than anyone else. Americans now pay more for American cars, if they happen to be built in Canada or Mexico. And now there’s almost $1.5 billion per month that American tech companies need to pay to bring the products they designed and contracted out into the USA. That’s going to be passed along directly to the consumer, the American people. If you’re not anticipating rapidly rising inflation and perhaps even recession in 2019, we’d love to hear your rebuttal. Trump thinks he’s punishing the Chinese, but he’s crushing US citizens instead.

Day by Day… Lately, there has typically been a “teaser day” or two each week, before we’re slapped in the face with weekly declines again by Friday.

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http://robertrobb.com/taking-grijalva-and-his-budget-seriously/ order cialis Stress is one of the killers of lovemaking. Kamagra widen the vessels and allow canada levitra the penile area to achieve stronger erections. Approachable Via Kamagra Online cheap cialis professional & OTC Online shopping of this generic drug. This particular enzyme makes the person face problems viagra for sale uk like erectile dysfunction into their life. PTP… Our PTP APAR score has remained positive at 28% in spite of very few holdings. Meanwhile, the S&P/TSX Composite Index score dropped to -46%, and the S&P 500 APAR went as low as -55%. If you see a buying opportunity here, you’re braver than we are.

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We closed out one of our few remaining positions in the PTP this past week and added a REIT that has a reasonable trend and a 3.7% annualized monthly distribution rate. We want to keep something in the portfolio, if only as window dressing!

Cannabis Corner… It was another bad week for pot stocks in general. HEXO reported some pretty decent financial results for its latest quarter, but that didn’t boost share price.

PTA Perspective… The Predictive Merits of the SSICI
We’ve previously set the stage for a research exercise we’ve had underway over the past few weeks. We report the State Street Investor Confidence Index (SSICI) here monthly, but does it have any predictive value for future stock prices? Well, we’ve run the numbers and will share the results with you this week.

Are You Ready for the Trump Bear Market?

SYNOPSIS

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According to BNN Bloomberg, $1.4 trillion in value disappeared from the US equities markets last week. How much of that was yours? And, has anyone noticed that Trump isn’t taking credit for stock market performance anymore? It’s because the US always loses trade wars, that it inexplicably always starts. “It’s easy to win trade wars”, said Trump. Perhaps they’ll put that on his tombstone. Meanwhile individual investors like us are left holding cash, which analysts are now finally telling us is the best investment! A non-loss is better than a certain loss. There’s even an acronym for cash now… TINA, “There Is No Alternative”. Best of luck to any buy/hold investors out there!

Day by Day… There may have been one week of rebound, but we’re back on the downward trajectory again. Nearly a 5% decline over a single week with the S&P 500 and -2.5% for the S&P/TSX Composite Index.

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Even Bill Gates, the founder of giant Microsoft Corp., had no escape from the BSOD error during the beta testing of IBM “Operating System/2 (OS/2) developed at Lattice, Incorporate; the developer of early OS/2 and Windows compilers. buy levitra Medicines taken for heart, liver, kidney, sleep, brain problems, cancer and diabetes could also lead to erection sildenafil mastercard problems in men. It has been established that obesity free viagra india is one of the big factors that cause erectile dysfunction in men. It is rarely seen dyslexia viagra sales france type in these days. PTP… Our PTP APAR score has declined to 53% with our very few holdings. Meanwhile, the S&P/TSX Composite Index score dropped to -27% from -13% a week earlier, and the S&P 500 APAR went from a positive 12% to -40%.

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There was no trading in the PTP last week, although we’re looking closely at inverse ETFs to profit from continuing weakness.

Cannabis Corner… It was another bad week for pot stocks in general, but one had respectable gains… Cronos, after a major investment from a big tobacco company, Altria.

PTA Perspective… Are You Ready for the Trump Bear Market?
We’re still trying to prep you for the worst possible scenario, since it’s difficult to see any light at the end of the tunnel. Stay in cash or try one of the ways that we suggest for profiting in a declining marketplace.

How Much Confidence Do We Have in Investor Confidence Indexes?

SYNOPSIS

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These really are sad times. In Canada a major GM plant closure. Among various reasons, GM chose to shut down Oshawa, because Trump’s tariffs were driving up prices of Canadian steel. (They don’t want to use crappy US steel, and US steel makers couldn’t keep up with demand anyway.) GM no doubt has other issues too, because they’re closing plants in Mexico and the US too. That can’t all be steel tariff related (or is it?). So, Trump fights back by attempting to cut all subsidies to GM for, well, everything. Meanwhile the GM Canada union should be called on the carpet too. Plant closures do happen. Maybe not that often, but did they have a contingency fund for workers in case that happened? No. Do they have a contingency fund for supporting laid off workers while they get retrained? No. Would they pay for retraining? No. One has to wonder what autoworkers got for those millions (or billions?) of union dues? Millionaire union leaders?

Day by Day… To some extent, this past week was almost a mirror image of the previous week’s. Last time S&P/TSX Composite Index declined -1% and the S&P 500 took a much larger -4% decline. This past week the S&P 500 managed the biggest gains of almost 5%, while the S&P/TSX Composite Index declined.

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PTP… Our PTP APAR score continued to improve over the past week, although we remind you that we have very few holdings. That could change abruptly! Meanwhile the S&P/TSX Composite Index remains negative, but the S&P 500 APAR managed to move to the upside.
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There was no trading in the PTP last week.

Investor Confidence… The November 2018 results for the State Street Investor Confidence Index (SSICI) arrived last week. The Global Investor Confidence Index decreased to 82.7, down 1.7 points from October’s revised reading of 84.4.

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As usual we provide more detail on the regional ICI’s in the complete Investor Confidence section of TrendWatch Weekly.

Cannabis Corner… It was another bad week for pot stocks in general, but a few companies had respectable gains.

PTA Perspective… How Much Confidence Do We Have in Investor Confidence Indexes?
Most investor confidence indexes are based on polls that ask simple questions like “How confident are you that this is a good time to be invested in stocks (on a 1 to 10 scale, where 10 is ‘most confident’?” We prefer the State Street Investor Confidence Index (SSICI), because it provides data on what large investors are actually doing with their money on (risky) stocks vs (safe) bonds. Real money flows are measured, not opinions. This week we describe in broad terms, a project that we have underway to determine whether the SSICI, in spite of its face validity, has any predictive merit.

Investing in Commodities without a Futures Account

SYNOPSIS

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This has apparently been the worst US Thanksgiving week for the S&P 500 and DJIA since 2011. One of the most consistently successful (very short-term) trades is to buy an S&P or Dow ETF near the close on Tuesday, and sell it near the close on Friday. Stock prices normally rise on both the day before Thanksgiving (when US markets are closed) and the Friday after. Holding through Monday or beyond generally diminishes the effect. Anyway, no such luck this year.

Day by Day… Here’s how the week unfolded using percentage changes to put the two markets on the same scale. Admittedly it was just a 3.5 day trading week for the S&P 500, but a net drop of nearly 4% in a single week is beyond the normal range. All of the best gains on both the DJI and S&P 500 (near 8% from time to time, have been wiped out, as both indexes are down -3% year-to-date. But then again, the S&P/TSX Composite Index is now down -8.5% year-to-date.

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Make sure that you stretch prior and after your workout viagra sale india to avoid muscle injury and soreness too. The smarter thing to do is to get proper medical help canada viagra prescription together. It lowers down the effects of erectile dysfunction making it possible for more blood flow in to the targeted penile tissues this medicament helps to deliver in a better and try this generic overnight viagra durable sexual capacity. However, as one ages, djpaulkom.tv buy tadalafil in australia the possibility of plaque gathering within your arteries is increased; leading to a condition like Erectile Dysfunction or can also make it worse. PTP… Our PTP APAR score improved nicely this week, although we currently have very few holdings. Meanwhile the S&P/TSX Composite Index is a little less negative, but the S&P 500 APAR dropped from -6% last time to -29% by last Friday.
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We sold one stock last week and bought an inverse leveraged ETF on crude oil. We might as well make some profits on the prices of something declining in value.

Cannabis Corner… It was another bad week for pot stocks in general, as investors reacted (perhaps excessively) to disappointing earnings from the third quarter.

PTA Perspective… Investing in Commodities without a Futures Account
For decades pretty much the only way you could profit in the commodities market was to become a commodities trader, swapping contracts on everything from pork bellies, to frozen orange juice, oil, gas, precious metals, etc. Then commodity exchange traded products (ETPs) came along. The fund providers either took possession of the commodity (like gold or other precious metals, which they stored), or they used futures contracts. These funds allow you to get in and out of physical commodities as prices rise and fall, using instruments that trade on your stock exchanges just like corporate equities. While we’ve mentioned these from time to time, this week we take a deeper look.

The Deadly Death Cross

SYNOPSIS

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Gray clouds continue to hang over the equities markets, as the damage from October has spilled into the first two weeks of November… which is generally a very favourable month for stocks.

Day by Day… The S&P 500 and S&P/TSX Composite Index started and ended the week lower. For a change Canadian stocks suffered less damage

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Testosterone is used as the recruitment of muscle mass, and also decreased muscle strength. tadalafil prices cheap Various oral and other treatments have developed which can completely cure the find these guys now viagra 25 mg disease. The majority of the recipients aren’t always opt-in, meaning they had their email address taken online at one point or another to get put down in a list for spam. side effects levitra It is also found that the misuse or the extensive use of the viagra sale http://amerikabulteni.com/2011/09/25/amerika%E2%80%99da-ne-kadar-surede-milyoner-olabilirsiniz-iste-bakkal-hesabiyla-cevabi/ pill can cause overdose. PTP… Our PTP APAR score has dropped to 47%. The S&P 500 APAR turned negative again, dropping 14 points from last week’s figure. Meanwhile the S&P/TSX Composite APAR became more negative by 9 percentage points.

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We sold one stock and bought a leveraged commodity ETF, but we’re still overwhelmingly in cash, while a majority of stocks trend lower.

PTA Perspective… The Deadly Death Cross
As amazing as it might seem, many investors stick with centuries-old rules and strategies that were never properly defended statistically in the first place. We like to re-visit some of those occasionally… not to mock them, but to explain how they originated and where (we argue) they went wrong. The Death Cross is one of those that still captivates attention, when we have major market declines as in October through the first two weeks of November.

Cannabis Corner… This feature continues weekly for the time being. It was a bad week for pot stocks in general last week, as investors reacted (perhaps excessively) to disappointing earnings from the third quarter.

Understanding Fat Tails & What They Mean to Your Profitability

SYNOPSIS

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Unfortunately, it hasn’t been just October where US stocks have been outperforming Canadian equities. Over the past 5 years the S&P 500 has risen 55%, whereas the S&P/TSX Composite Index is up an anemic 13%. We have to remind ourselves that Canada is still primarily a commodity-driven economy (base metals, oil, agriculture, livestock, forest products, etc.) And unlike business cycles, commodity super cycles last 20-35 years! The last upswing (16 years in duration) ended in 2011, so we’re only into year 7 of the current downswing with perhaps another 8-10 years to go. And progress toward expanding a Canadian presence in other sectors has been painfully slow.

Day by Day… The bounce initiated the previous week continued this past week, up until ”Hump Day” that is (Wednesday.) Stock prices retreated from there, but remained positive on the week.

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For cialis 5 mg proper erections it is important for a man to have an erection. He/she needs to concentrate on a psychological healing by seeking help from a professional with a counseling degree before they can even have intercourse and lose their erection. tadalafil online 40mg is the proven drug for the treatment of physical dyfunctions and prevention of further impairment of several body parts due to injury, disease, or another type of damage. Reality is that his opportunity to experience negative peer pressure is about to go up by a 100% Money-Back GuaranteeJason Long enables you try his Erectile Dysfunction Protocol for 60 times and promise that if it generally does not lowest cost of viagra you can find out more offer you the possible solutions to apply in future. So, just have a look viagra ordination at the distinctive technical support approach. 1. PTP… Our PTP APAR score has dropped to 55%. The S&P 500 APAR turned positive and S&P/TSX Composite Index APAR became less negative.

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We did add two new positions to the PTP last week, but neither were North American stocks. We can wait for a better investment climate in Canada and the US.

PTA Perspective… Understanding Fat Tails & What They Mean to Your Profitability
One of our core themes within the ProfiTrend Advantage framework is “cut your losses and let your profits run”. It’s age-old investment advice, but it is surprising how few people take it. Or if they understand and believe in the concept, they do very little to implement it in their routine trading activities. We’ll dig into some statistics from a major piece of research we discovered this past week to show you how important this advice really is.

Cannabis Corner… This newish feature continues weekly for the time being. We’ll be following the weekly performance of some of the major stocks and ETFs, and sharing some news, facts and figures that you might find interesting.

Are You Ready for the Next Bear Market?

SYNOPSIS

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Unfortunately, Canada has too much border to secure! Nonetheless, Canada’s economy has remained fairly robust, in spite of trade ordeals, the lack of enough pipelines to sell Canadian oil, and an increase in personal and national debt. Canada’s stock markets haven’t fared as well as the American ones for a number of years now, but they haven’t been that much worse either. Right now, the broad decline has affected both countries to about the same extent. In spite of last week’s bounce, about 75% of all North American stock prices are still trending toward zero.

Midterm Madness… Fortunately, this American obsession with voting all the time (while relatively few individuals actually do), will be over on Tuesday (for now). The media will tell you that that biggest issue Tuesday is Democrat vs Republican, but stock market history tells us that the winner is irrelevant! There have been 18 mid-term elections since 1946 involving all kinds of combinations of Democrats or Republicans controlling this or that. In 18 of 18 cases the stock markets have been higher 12 months later, with an average gain on the S&P 500 of 17% (+32% if you measure from the mid-term year market low). Let the good times roll!

Day by Day… After -4% declines the previous week, we saw a rebound of sorts that eventually fizzled out a bit on Friday.

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During these buy levitra wholesale treatments she also received acupuncture and drank herbal teas. If you’re taking such prescription medications, you must avoid taking this link order cheap cialis.Never take cialis if you were ever allergic to these pills or to any substance composing these prescription pills in general and to the substance tadalafil in particular. For example, a employee who has a gambling problem would possibly use the telephone to decision bookmakers or repeatedly borrow money from co-workers. viagra no prescription canada Throughout the 5mg generic cialis robertrobb.com world, alcohol is the favourite drink of every man. PTP… Our PTP APAR score has dropped to 79%. Keep in mind that we only have three stocks left in the portfolio. But both the S&P 500 and S&P/TSX Composite Index scores became considerably less negative, but minus signs are never something we want to see.

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There was no trading in the PTP last week. It’s wait and see time again.

Investor Confidence… The October 2018 results for the State Street Investor Confidence Index (SSICI) arrived last week. The Global Investor Confidence Index decreased to 84.4, down 3.4 points from September’s revised reading of 87.8. We have yet to conduct a long-term analysis of the SSICI data, but it’s clear that “the smart money” anticipated the latest sell-off, and started selling stocks well before the major indexes started tumbling. The heaviest dumping was in European stocks during October.

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As usual we provide more detail on the regional ICI’s in the complete Investor Confidence section of TrendWatch Weekly.

PTA Perspective… Are You Ready for the Next Bear Market?
As one of those occasional topics that strike fear into investors, we discuss the details and the real implications behind the whole concept of bull and bear markets. Many investors seem to equate a bear market with a market crash. Nothing could be further from the truth. But if you’re going to buy into the media rhetoric that the current bull market is old and will die any day now, we’ll help you put that it perspective.

Cannabis Corner… This newish feature continues weekly for the time being. Are the big gains all over? Are there some newcomers worth a look? Will every US cannabis company take out a listing on the CSE? These are some of the topics we’ll try to address in the tail end section of TrendWatch Weekly.

How Low Can It Go?

SYNOPSIS

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85% of all North American stock prices are now trending toward zero. Is the exploding head responsible? You can decide for yourselves, but he certainly hasn’t done anything to improve the performance of stock prices.

Day by Day… One of the most extreme one-week declines we’ve ever seen.

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PTP… Our PTP APAR score remarkably held steady at 113%. But both the S&P 500 and S&P/TSX Composite Index scores doubled their annualized rate of decline.

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On the trading front we sold four positions and added two. The additions could well be a mistake!

PTA Perspective… How Low Can It Go?
As you know, we slide into cash during broad market declines. Our volatility-based sell signals take us out, one position at a time, and the supply of companies with good trend and consistency numbers dries up. So, there’s almost nothing to buy. In short, it’s a (mostly) automated exit strategy. We don’t attempt to predict when the next wave up will happen, we just wait for it. But others already do see light at the end of the tunnel. We’ll talk about what they’re looking at, so that you have alternate perspectives from ours.

Warrants & Weed

SYNOPSIS

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With nearly 80% of stocks overall declining trend-wise, it was only a matter of time when the cannabis stocks, stubbornly fighting that trend, would succumb to lose their lustre. For us, that just means stepping out of that thematic marketplace for now, until both the general market and cannabis companies in particular show signs of recovery. We’re happy to be mostly in cash! No gains to be made, but no further losses either.

Day by Day… The S&P 500 ended unchanged over the week, while the S&P/TSX Composite Index managed a small gain.

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PTP… Our PTP APAR score dropped a little more last week to 112%. But both the S&P 500 and S&P/TSX Composite Index scores improved a bit, even though they are clearly still negative.

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On the trading front we sold one position and replaced it with another. Otherwise we’re happy to be mostly in cash for now.

PTA Perspective… Warrants & Weed
We were going to take a break from focussing on the cannabis companies for a while, but we can’t ignore the sell-off that began the day before Marijuana Legalization Day on Wednesday, October 17. But, as it turns out, our alternative topic for this week was going to be a revisiting of a poorly understood equity derivative class traded on major stock exchanges. We’re talking about share purchase warrants. As it turns out, this asset class has been making a come-back within the ongoing series of cannabis company IPOs. So we have a chance to educate you on warrants, while still dipping into what’s happening after the first few days of cannabis legalization in Canada.

Weed Watch Ahead of Wednesday, October 17

SYNOPSIS

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It’s been another one of those weeks. We reported last week about how grim things are on a broad-market basis. Well, it’s worse now. 70% of about 2500+ Canadian stocks that we track are now trending lower, as are 81% of nearly 10,000 US stocks. The percentages are worse when you focus on the large cap stocks of the S&P 500 and S&P/TSX Composite Index.

Day by Day… Both the S&P/TSX Composite Index and the S&P 500 dived sharply last week, before a small relief rally on Friday.

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Sexual intimacy is a very delicate matter and it secretworldchronicle.com cialis online hurts a man’s ego easily when he is stimulated. For such people online pharmaceutical store cialis store could be better option. Seniors especially are the first to benefit from the custom designed nutrition plan in NJ, opt for viagra sample free nutrition response testing. It corrects tadalafil buy in usa sexual disorders like early discharge, low semen volume and erectile dysfunction. PTP… Our PTP APAR score actually gained a bit last week to 125%. But both the S&P 500 and S&P/TSX Composite Index scores were sharply lower into negative territory.

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On the trading front we sold one position and replaced it with another. Otherwise we’re happy to be mostly in cash for now.

PTA Perspective… Weed Watch Ahead of Wednesday, October 17
We can’t ignore the fact that the magic date (Oct 17) for the overthrow of cannabis prohibition in Canada is just a few days off. Whether you’re still having trouble adding up the amazing profits you’ve made since early August, or waiting to see if you should jump in after celebration day, this is a monumental occurrence for the investing community.

Cannabis a thematic investment space that has clearly dwarfed US state-based legalization (in some states) by orders of magnitude. It’s not that the Canadian recreational market is bigger (California’s consumer base is probably higher than all of Canada), but we’ve spawned the largest producers of product and services in the world, and none of them are just looking at Canadian market potential. These will be the global players that will set the standards worldwide.