Friday, May 5, 2017

FRIDAY 5/5/17; Cinco de Mayo; Commodities in Retreat; WTIC Oil Flash Crashes to a 43-Handle; Brent Oil 46-Handle; AXL; CI; LPX; MCO; REV; RUTH; US Monthly Jobs Report; VIX 9-Handle; Fed Speak Including Fed Chair Yellen and Vice Chairman Fischer; SPX, COMPQ and NDX New All-Time Record Highs; Hindenburg Omen

During Thursday evening in the States (Friday morning in Australia and Asia), President Trump meets with Australia PM Turnbull that has been 

[Text is redacted. Purchase the 2017-05 chronology to enjoy May's economic and market history including new all-time highs in the stock market.]

Omen occurs, stocks are typically about -5% lower one month out and down -8% one year out. So the universal consensus of analysts, investors, traders and market pundits on Wall Street continues to be “buy,buy, buy!” but the Hindenburg Omen says, “sell, sell, sell!” The Hindenburg Omen accurately predicted the 1987 crash and the stock market drop in 2008.

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