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timestamped 3:55 PM EST 12-16-14
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18:26 New York, NY
Russia has indicated it, "Will react" if the US imposes new sanctions...
Foreign markets have been under pressure all this week perhaps attributed to increasing supplies, largely resulting in the shale revolution here in the U.S. Last week, however, the International Energy Agency (IEA) cut its forecast for global oil demand for the fifth time in just six months. Attributing factors including lack of demand to weakening global economic conditions. coupled with stocks plunging to the lowest level in more than two months. Most of those losses came from Europe. Several countries in Central and Eastern Europe with economic ties to Russia (a huge energy exporter) are being hurt by weakness in that country. As investors price in risks associated with Vladimir Putins "Will react" threat that could end up putting Putins unpredictabiliy to the test as he has numerous KGB type tactics at his disposal, even the possibilty of nationalizing foreign owned businesses, cutting off Europes energy, etc etc, as Russia's currency (the ruble) freefalls this year against the dollar, slashing it's value by nearly half in just weeks as the Ruble weakness has spooked investors worldwide and is weighing heavily on the Market Vectors Russian ETF (RSX) which has fallen to the lowest level since and the sell off has now started to bleed into the US markets as T Bonds become the safety haven of choice with investors worldwide.
Spyder (SPY) S&P 500 has come under pressure now since our sell alert on DEC 9th on twitter and this was our trade today:
While the U.S. economy is in much stronger shape than foreign economies, global divergences are comng to fruition as our immunity from foreign weakness is wearing thin as the weakness abroad is now bleeding into US markets. What's especially striking at the moment is the huge negative divergence between Global Markets and US Markets That's especially true as we near yearend.
As the Market prices in fundamentals as well as global risk our objective is to make money when the stock markets go up or down using elliott wave theory, Fibonacci Analysis and Algorithmic modeling.
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