Headlines – March 6/17

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  • Wall St opens lower on geopolitics, Trump’s comments. Read story
  • Japan moves to highest alert level as N. Korea fire missiles. Read story
  • JP Morgan: “In the near-term we see increasing  risk of a selloff.” Read story
  • Bitcoin more valuable than gold. Read story
  • PSA targets Opel turnaround as GM exits Europe. Read story
  • Apple leak reveals massive, expensive new iPhone. Read story
  • Deutsche Bank shares hit by cash call. Read story
  • Spokeswoman: ‘I don’t think’ Trump accepts Comey’s denial of wiretap claims. Read story
  • China’s 2017 defense budget rises 7%: Xinhua. Read story
  • IBM thinks it’s ready to take quantum computing into an actual business. Read story
  • China cracks down on people it deems are ‘threats to state.’ Read story
  • French bonds decline as Juppe stays out of presidential race. Read story
  • Le Pen could win in France warns Hollande. Read story
  • Why super-smart people may be drawn to a life of crime. Read story
  • On the lighter side. Check it out!

This house was 3D printed in 24 hours and cost just $10,000

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From The Telegraph…

An on-site house 3D printed in Russia offers a glimpse into what the future of construction might look like.

Apis Cotr, 3D printing specialists based in Russia and San Francisco, say the walls of the building were printed and painted in just 24 hours.

3D printing a home usually involves creating the parts off-site and constructing the building later, however, Apis Cotr uses a mobile printer to print their apartments on-site.

“Printing of self-bearing walls, partitions and building envelope were done in less than a day: pure machine time of printing amounted to 24 hours,” the company said.

Once the house has been completed, the printer is removed with a crane-manipulator and presumably the roof is then added, followed by the interior fixtures and fittings.  Read complete story

3Dinside

 

Headlines – March 3/17

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  • US service sector grows at fastest pace in a year and a half. Read story
  • Fed and ECB go their separate ways. Read story
  • Euro area economy expands most since 2011 as recovery broadens. Read story
  • How wearable technology can transform healthcare. Read story
  • Wendy’s responding to rising minimum wage by replacing humans with machines. Read story
  • Soaring Hong Kong office rents are now triple those of Singapore. Read story
  • China provides calm for markets ahead of potential Fed rate hike. Read story
  • Spotify hits 50 million subscribers. Read story
  • Trump defends under-fire Attorney General Sessions. Read story
  • Robots sent to study Fukushima nuclear site keep dying. Read story
  • California high school made $24 million on Snap IPO. Read story
  • How to make your kid good at anything, according to a world expert on peak performance. Read story
  •  Amazon plans for ‘future human settlement’ of the moon. Read story
  •  On the lighter side. Check it out!

Pay attention to these charts

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While we are long-term bullish on the equity markets, we are cautious here based on some technical indicators that we pay attention to.  As we can see on the following chart, the S&P 500 is overbought here based on the Bollinger  Bands and the Relative Strength Index (RSI) indicators.

SPX030217

On the next chart of the Russell 2000 Small Cap index, we can see that since the peak of the Tech bubble in 2000, the Russel 2000 has formed a long-term megaphone pattern (higher highs and lower lows). But more interesting is that in the shorter-term we see a smaller megaphone within the larger megaphone.

This smaller megaphone pattern warns of a potential significant correction in the Small Cap stocks.

Russ2000

Typically, when a significant top forms in the equity markets, the large cap stocks (Dow Industrials and S&P 500) continue to move higher, while the small caps (Russell 2000) tend to fall behind. This suggests that we could continue to rally here until May, and then see a potential strong sell-off.

Another chart that suggests caution is the Insider Buy/Sell chart we see below. As we can see, the insider selling has spiked higher over the last week. Insiders typically sell when they think a top is near. This does not mean we are headed for a massive crash, but that we are due for a correction.

Insider_selling

We continue to hold our long positions, but have sent subscribers a couple of insurance trades to protect us in the event the markets turn against us. We will be watching for that scenario where the large cap stocks (Dow and S&P 500) continue to make new highs, while the small caps (Russell 2000) do not.

Stay tuned!