Friday, June 29, 2018

Ralph Acampora, David Morgan, Chris Waltzek Ph.D. & Robert Ian - June 29th, 2018 - Goldseek.com Radio ©2005-2018. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from Google Play. Disclaimer: this show is presented as informational content only. Consulting first with a registered financial advisor before investing is advisable.

June 29, 2018
(S13-E653)
Featured Guests
Ralph Acampora & David Morgan
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Show Highlights
  • Titan of Wall Street, Ralph Acampora of Altaira Wealth Management, "Professor of TA," and co-creator of the (CTA) designation, returns.
  • "Be careful, be selective ... keep close stops on most US shares."
  • The financial sector tends to lead the market, which is a bad omen for bulls as many financial stocks continue to underperform.
  • The Dow Utilities Index, a perennial favorite leading-indicator remains close to the April highs.
  • If price closes above 711, the current stock market weakness may represent a passing anomaly.
  • The discussion includes favorite technical analysis tools, such as the Relative Strength Index (RSI) and Moving Average Convergence, Divergence (MACD).
  • The Dow Industrials remains our guest's favorite market proxy; the arithmetic mean of the 30 blue chip stocks currently indicates an upside limit of 28,000.
  • The lower limit of 23,000 and the highest probability of 25,000-26,500.
  • Using financial history as a playbook the current 9-year secular bull-market could extend beyond the imagination and margin of the most ardent bears.
  • Ralph Acampora sees the potential for another 4-5 solid years ahead for shares prices, with the key proviso, the market is overdue for a 10%-15% correction.
  • The duo coin a Financial Term, the Acampora Rate Index (ARI); not until the Fed's overnight lending rate ascends over 5%.
  • OPEC announced lower than expected daily oil output of 600,000 barrels per day, sending the price soaring this week.
  • Our guest insists that the inflation impact of oil will not impact US share prices until WTIC climbs above $90+ per barrel.
  • Head of The Morgan Report, David Morgan rejoins the show with comments on the PMs sector noting that gold remains a "free lunch" diversification asset.
  • "The most negatively correlated asset to the US stock market is gold."
  • The new trade war resembles the Smoot-Hawley Tariff Act of 1930, which ultimately lead to losses in US jobs and exports abroad.
  • 88 years later, the US economy has hemorrhaged 500,000 top paying manufacturing jobs per year for over one decade, over 5 million fewer jobs.
  • Is it wise to wage a trade war under such conditions and might it backfire in the Once the stamped to gold begins in earnest, all that will be required is the effort of 1-3% of the population to catapult the yellow metal skyward.
  • Our guests applies Elliott Wave analysis to the gold market, noting that the early I and II waves have passed.
  • The most forceful / profitable wave III is now gaining momentum to send the market to new record figures.
  • Once investors push gold to $2,500, our guest suggests a blow-off phase could commence sending the precious metals higher by several fold.
  • The narrative includes a trading strategy that tops 99% of professional money managers.
  • Building a solid portfolio with balanced betas combined with portfolio alpha-boosting services like the Alpha Stocks Newsletter can enhance profits.
  • Tossing darts when attempting to boost portfolio alpha inevitably backfires; instead a scientific / passive approach wins out over more risky trading strategies.

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