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 f

June 29, 2018(S13-E653)Featured GuestsRalph Acampora & David MorganPlease Listen Here Show HighlightsTitan 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. Please Listen Here Dial-Up Real AudioMP3Mp3 FAST DownloadMp3 High Quality DownloadRight click above & "Save Target As..." to download. To learn more about software needed to play the above formats, please visit the FAQ.