Last week, I told you I’ve been predicting the global market selloff since last July, and showed you a video timeline of me talking about the markets on Fox Business to prove that I knew exactly where stocks were headed.
I predicted what was going to happen last August, and what was going to happen through the fall of 2015 and in January 2016.
Now, I’m going to show you what I saw that brought me to those predictions, and how you can see the market’s future, too.
It’s not hard to see where the stock market’s going. In fact, it’s incredibly easy… especially when it’s about to go down.
You just have to read between the lines – and by that I mean “channels” and “support” and “resistance” lines.
This is technical analysis 101. It’s easy, fun, and can make you a fortune.
I’ve got four charts to share with you today to help you understand exactly how I knew the markets were due for a big, fat correction – just like we’re seeing right now – and how you can do this yourself.
After another down day in the markets, Shah joined Making Money host Charles Payne to talk about how much farther the markets have to go until they hit bottom.
The elephant in the room is, of course, China. Much of the global economy is still dependent on China – which right now is trying to save its currency and prop up its flagging stock market and has already burned through nearly a trillion dollars of its storied reserves to do so.
He also talks about what the Fed could have said yesterday to goose the markets…
Last night, after the Dow closed down 249 points, Making Money host Charles Payne asked Shah – as the guy who told everyone to “sell everything in January” – what he’s seeing now. China’s still weighing on global markets – what we’re seeing right now is just the tip of the iceberg. China’s taken a hit, but this isn’t anything compared to what could happen…
For now, the U.S. is the “cleanest dirty shirt in the laundry.” But how long will that last?
Click here for the full video – and more of Shah’s outlook…
Shah checked back in with Varney & Co. for another victory lap – he’s been out in front of the global market selloff since before the August 2015 rout, calling for a drop of as much as 20%. That once-unfathomable prediction is increasingly becoming reality.
Shah was featured on Varney & Co. yesterday to talk about his August prediction that the markets would fall 20%.
While they’re only halfway to his 20% target, people are starting to notice that Shah has been right about these markets all along. Stocks, which were dragged higher into the end of the year by a few large-cap leaders, are crashing. So is the price of oil and other commodities Shah’s been watching – and warning investors about – for months.
Will the markets fall another 10% to the downside? What’s driving the correction – is it China’s debt bubble? Where do we go from here?
Starting today, America’s big banks turn in their fourth-quarter 2015 report cards.
A handful of analysts, citing the pounding big banks’ stocks have taken, driving them deeply into "oversold" territory (with a few trading near their 52-week lows), expect positive earnings news to push share prices sharply higher.
I say, good luck with that.
That’s because there probably won’t be any positive surprises – and any unexpected good news will likely get discounted quickly as investors look past short-term revenue bumps or cost-cutting measures and see a tough year ahead.
The KBW Nasdaq bank index shows bank shares down 17% from their July 2015 highs, down 15% since December, and down almost 10% so far in 2016. That much negative momentum is going to be hard to overcome.
And if the big banks don’t turn in good report cards – it could spell trouble for markets that have plenty of bad news to deal with already.