Increased Risk Levels …

The big risk for the VIX would be if it went above the (higher) red dotted resistance line. That level is a resistance line that goes back 3 and 1/2 years and would bring a lot of carnage should the VIX move above that level. Recent Commentaries | Safehaven.com… Read More

MBA: Mortgage Applications Decrease in Latest Weekly Survey, Purchase Index up 14% YoY

From the MBA: Mortgage Applications Drop in Latest MBA Weekly Survey as Rates IncreaseMortgage applications decreased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 26, 2015. ...The Refinance Index decreased 5 percent from the previous week to its lowest… Read More

Greece Rejects 25th Hour Request to Change Course; Tsipras Asks Eurozone for Third Bailout; Rajoy Seeks to Save His Own Ass

Coordinated MeddlingEurozone leaders are pouring it on thick again today with warning after warning. Yesterday, German chancellor Angela Merkel, French president Francois Hollande, and European Commission president Jean-Claude Juncker were all I in on the Coordinated Meddling hoping to convince Greece citizens to accept the current offer.Rajoy Seeks to Save His Own Ass Today Spain's… Read More

Case-Shiller: National House Price Index increased 4.2% year-over-year in April

S&P/Case-Shiller released the monthly Home Price Indices for April ("April" is a 3 month average of February, March and April prices).This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index.Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA data for the… Read More

SILVER (XAG) Short-Term Elliott Wave Analysis

Decline from wave X at 16.46 is unfolding in double correction (w)-(x)-(y) where wave (w) ended at 15.5, wave (x) ended at 16.05, and wave (y) is in progress towards 14.85 - 15.08. The internal of wave (y) is also taking the form of a ... Recent Commentaries | Safehaven.com… Read More