Sean Brodrick – Wed 27 Feb, 2019

Don’t Fight The Fed… But Also Look To Other Sectors That Can Benefit

Sean Brodrick, Editor of the Super Cycle Investor and Wealth Super Cycle over at Weiss Group joins me to share why even though he sees the warning signs for markets around the world we still need to abide by the saying “Don’t fight the Fed”. With the Fed consistently now stating that they are focused on the markets it is hard to place any significant short bets on the US markets. We also look at some other markets that Sean thinks are a good trade moving forward.

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Comments:
  1. On February 27, 2019 at 7:39 am,
    OOTB Jerry says:

    All Americans should be fighting the Fraud Fed……..go along to get along is really stupid…these crooks have enslaved the entire world…..without you guys even knowing it….what a joke…………….Rant of the Day……..

    • On February 27, 2019 at 7:43 am,
      OOTB Jerry says:

      I promise to be a good little boy the rest of the day……..Maybe……. 🙂

      • On February 27, 2019 at 8:04 pm,
        Dick Tracy says:

        I’ll believe that when I see that! Cory did you hear that! LOL! DT

        • On February 28, 2019 at 4:56 am,
          OOTB Jerry says:

          🙂

    • On February 27, 2019 at 7:53 am,
      Matthew says:

      Hmm, Fraud+Fed=FRED. Thanks Jerry, now I know where we the Fed’s “FRED Economic Data”
      https://fred.stlouisfed.org/series/M2
      😉

      • On February 27, 2019 at 7:55 am,
        Matthew says:

        *typo: “now I know where we GET…”

        • On February 27, 2019 at 8:28 am,
          OOTB Jerry says:

          I think it should read……..F I R E D…… “I”…for Independent ….. 🙂

  2. On February 27, 2019 at 7:53 am,
    OOTB Jerry says:

    Mr. Lucus ,,,,,of the congress over sight has some good comments on…..Derivative…., Powell wants to get back to him…..get back to ya….. LOL

  3. On February 27, 2019 at 7:56 am,
    Matthew says:

    Jaguar Mining Turmalina Exploration Results Extend Orebody C Down Plunge and Laterally Along Strike, Updates Infill Drilling
    http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190227:nPreQ8t6ga

  4. On February 27, 2019 at 8:00 am,
    OOTB Jerry says:

    HOT BUttON …. Mr Sherman want the FED to TURN OVER some…Profit…made by the Fed……….Mr. Sherman……wants $100million of profit to be turned over….to the Treasury.

    • On February 27, 2019 at 11:34 am,
      b says:

      Tax the fed is funny.
      Govs are going broke and everyone should expect taxes up the ying yang, but I wonder what happens when the gov want to tax bank profit.

      Will the banks provide crumbs? at what cost?

      With Russia and China dumping western banks, and I would expect the majority of the worlds population to follow suit, we in the west could be the only ones left to feed their ravenous desire for profits.

      Maybe we otta appoint bank people as our presidents and prime ministers, might make things easier for everyone.

  5. On February 27, 2019 at 8:01 am,
    OOTB Jerry says:

    wants…..

  6. On February 27, 2019 at 8:49 am,
    Matthew says:

    GDXJ still hasn’t taken out yesterday’s low but I’m sure that it will. It is a clear daily chart (short term) sell but there’s been no weekly chart damage…
    http://schrts.co/HUfsySWc

  7. On February 27, 2019 at 8:50 am,
    Silverdollar says:

    “Don’t fight the Fed” is getting long in the tooth itself. If the last ten years of practically zero rates hasn’t fixed things, how will dropping rates less than half as much as last time(when the time comes) going to keep this monster economy alive? Structurally, we’ve failed to fix anything since the last big crisis and have only dug the hole deeper. JMO but I wouldn’t go long this market ever. In fact, two days ago I opened a small position in SoxS and so far…….

  8. On February 27, 2019 at 8:50 am,
    spanky says:

    GCC daily chart is coming to a head. The 200 and 50 dmas are converging. There is an inverse head and shoulders built out and waiting to break to the upside. The chart is certainly not perfect in my eyes, but it looks good enough.

    Could this be the start of a powerful and sustained move higher? yes, but I have my doubts, since the weekly chart suggests a slower move at least for the majority of this year and significant overhead resistance. And as always, whenever there is a major trend change there is a likelihood of severe whipsaws as the banksters try to fleece every last cent out of traders.

  9. On February 27, 2019 at 8:53 am,
    Matthew says:

    Gold Miners Index at light, steep fork support:
    http://schrts.co/YKuMgwSj

  10. On February 27, 2019 at 9:05 am,
    spanky says:

    While I would prefer to have EXK just vault higher from here, it could possibly be about to start to try and build out a right shoulder of an inverse H&S on the weekly chart.

    I would assume that it would probably try and get down to the 100 DMA over the next month to accomplish that. If it gets down to the 100 dma, buy it with both hands and feet.

    • On February 27, 2019 at 9:06 am,
      spanky says:

      I would probably also be a buyer on any tag of the 50 dma too, with the expectation that it could go lower.

    • On February 27, 2019 at 9:45 am,
      spanky says:

      Look at HL. There is a lower trendline formed by the lows in 2008 and 2016. Currently, that trendline is around $1.70. Based on the ugly action today, I would be willing to bet a buck that the banksters are sending it down to tag that trendline over the coming few weeks.

      If I was looking to buy HL, I would buy it hand over fist at that trendline. A move down to that trendline will likely correspond to a correction in silver and gold in the next few weeks.

      Gold is vulnernable down to its 20 WMA on any correction IMO, and intraweek it could go well below that level. I would load the proverbial boat if it dropped to $1270 or below.

    • On February 27, 2019 at 9:46 am,
      spanky says:

      Look at HL. There is a lower trendline formed by the lows in 2008 and 2016. Currently, that trendline is around $1.70. Based on the ugly action today, I would be willing to bet a buck that the banksters are sending it down to tag that trendline over the coming few weeks.

      If I was looking to buy HL, I would buy it hand over fist at that trendline. A move down to that trendline will likely correspond to a correction in silver and gold in the next few weeks.

      Gold is vulnerable down to its 20 WMA on any correction IMO, and intraweek it could go well below that level. I would load the proverbial boat if it dropped to $1270 or below.

    • On February 27, 2019 at 9:53 am,
      spanky says:

      sorry for the multiple posts. I meant to post this as a standalone topic.

      HL looks like it is potentially going to try to tag the trendline formed by the 2008 and 2016 lows. It is currently coming in around $1.70. I would be tempted to take a stab at that level, as much as HL has been an absolute dud.

      • On February 27, 2019 at 9:54 am,
        spanky says:

        Doh!

      • On February 27, 2019 at 10:33 am,
        spanky says:

        We’ve likely got a weekly swing high in $gold today (will have to wait for stockcharts to update today). That would potentially mean a peak in the intermediate cycle on week 27. I believe most gold int. cycles last about 30 weeks. So that would mean that we likely have another 2 weeks of corrective action after this week. Regardless, we should be close in time to another major low being struck–no more than a month I would say and likely sooner than that. Of course, that doesn’t tell us anything about the magnitude of the correction.

        My most likely targets for gold would be the 20 and/or 50 WMAs, around $1270 and $1265 respectively. The 20 WMA is rising pretty rapidly currently, but could easily level off quickly. It’s possible we go sideways in a tight range above $1300, but I personally find that highly doubtful. The banksters rarely make things easy.

  11. On February 27, 2019 at 9:09 am,
    Matthew says:

    Based on the weekly chart, I still think this will be a short term correction for gold…
    http://schrts.co/hZhsBtIs

    • On February 27, 2019 at 9:22 am,
      spanky says:

      SLV:GLD daily chart still has not broken down below cloud support yet, so you could very well be correct. However, all they need to do is have silver massively outperform gold for a day or two, and then they could proceed to hammer them both equally for some time and the ratio chart would still look constructive at the end of a large correction in both metals in absolute terms, so I don’t think it can be relied upon for timing necessarily. It’s more of big picture/long term trend indicator IMO, and on that level it is still looking bullish. Don’t get me wrong, I would love it if the silver miners could make a large move higher from today’s level.

      • On February 27, 2019 at 9:32 am,
        Matthew says:

        There’s decent support for silver between 15.70 and 15.50…
        http://schrts.co/rhfJGcrs

      • On February 27, 2019 at 9:41 am,
        Matthew says:

        GDX volume is consistent with a bullish pullback…
        http://schrts.co/sYrmCQRU

  12. On February 27, 2019 at 9:11 am,
    Ebolan says:

    Dang, you boys see this?

    Pakistan and India going at it. The Pakis just shot down 2 Indian jets. Yesterday the Indians bombed Pakistan. Today they are exchanging fire across the border.

    https://www.zerohedge.com/news/2019-02-27/unprecedented-territory-pakistan-downs-2-indian-fighter-jets-volatile-border

    • On February 27, 2019 at 9:19 am,
      Ebolan says:

      And now India is saying it shot down an Paki figher jet.

      • On February 27, 2019 at 9:22 am,
        Ebolan says:

        Well boys, it’s all over.

        The Empire’s Pompeo ordered has ordered the two nations to “avoid escalation at any cost.”

        So you can go back to your regularly scheduled KE Report.

  13. On February 27, 2019 at 11:12 am,
    spanky says:

    GDXJ:GDX weekly candle looks ugly so far. I think the ratio has peaked and is headed lower. The next clear opportunity to break through the weekly Ichimoku cloud will be from April 1 through the end of May.

    Based on cycles, I expect the next few weeks to be down in this ratio. But we will see. I still think $gold will adhere to cycles, and we are extremely late in weekly cycle. I am expecting a large but hopefully swift correction that I don’t think will last more than 2 weeks from now.

    • On February 27, 2019 at 11:34 am,
      Matthew says:

      Worst case seems like mostly sideways action to me. Here’s the ratio without the intraday noise:
      http://schrts.co/DgjkGncP

      • On February 27, 2019 at 11:38 am,
        Matthew says:

        It’s been going higher for three months and the weekly chart supports more of the same…
        http://schrts.co/RcRPFqHN

  14. On February 27, 2019 at 11:31 am,
    Matthew says:

    It’s good to know that my stance still aligns with Michael Oliver’s…
    https://www.youtube.com/watch?v=uv_c3QwscP0
    (Interview begins at the 6 minute mark)

    Based on my limited knowledge of his work, I should be a subscriber.

  15. On February 27, 2019 at 11:48 am,
    spanky says:

    If SLV:GLD breaks down below cloud support on the daily chart it will be a real pity.

    It would not be the end of the world, and breaks like that sometimes set up massive reversals, but it would be nice to see a nice clean chart for once that trends without much fuss and it would be nice to get an upside surprise for once. But it doesn’t look to be in the cards right now.

  16. On February 27, 2019 at 12:09 pm,
    spanky says:

    UUP week BBs are tightening up. Next week should see them really get narrow and approach the extreme achieved in 2014.

    Assuming the bands at least match the 2014 extreme, I think it will strongly suggest an epic move is brewing, probably within weeks. And of course there could always be a massive headfake involved (although the 2014-15 moonshot was not preceded by a headfake).

    In the short run, I think this will give gold the opportunity to quickly consolidate and correct before something big hits. Being a bull, I expect a massive upwards move, well past $1400. More of a hope than a call. I am bullish, but how this plays out is anyone’s guess.

    • On February 27, 2019 at 12:40 pm,
      spanky says:

      If you look at the 50 week BBs instead of 20 week, its possible that USD stays more or less range bounce until May/June as those BBs tighten in. This year should produce a large dollar move, up or down, but it may come in the second half of the year.