Category: Stock Markets 2010
The analysis published under this category are as follows.
Thursday, September 30, 2010
Stock Market Narrow, Losing Session / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices vacillated back and forth today, continued their consolidation, but held support while being repelled by resistance. Net on the day they were down a bit.
The day started out with a little bit of a gap down. They then bounced to retest the highs on the Nasdaq 100, but fell far short on the S&P 500. At that point 2000 support held on the NDX, as did 1140 on the SPX. They bounced again, but were unable to get back up to the early session highs on the NDX, although surpassed them on the SPX. They backed off mid-day, but in the early afternoon came on again only to fail at resistance and sell off over the course of the last 90 minutes. But in the last 30-35 minutes or so, they bounced again to pare back the losses.
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Thursday, September 30, 2010
Stock Market Basing Out Below S&P 500 1160... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
By no means does that guarantee that the S&P 500 will ever break through this critical long-term down trend line that would send the bears running for the hills, if it ever did make the move. We have the GDP Report tomorrow along with jobless claims. Two huge reports that tells the market where things are on Main Street. A good report from either one can be a strong catalyst to getting closer to that holy grail of levels at 1160. But if both come in poorly, it will take the market down and test that critical 1131 all over again. That would be third time it does so over the short-term and wouldn't be the very best of behaviors for the bulls.
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Wednesday, September 29, 2010
Markets Waiting for Anglo Irish Clarity / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
US stocks opened lower Tuesday selling off sharply in response to a much weaker than expected consumer confidence number. But after the knee jerk reaction lower, equities found their footing and grinded higher for the remainder of the session with major indices finishing up 5.54 points on the S&P 500. Walgreen Co. led a rally in consumer staples and health companies and investors speculated the Federal Reserve will buy more debt to safeguard the economy. Walgreen, the largest U.S. drugstore chain, surged 11% as earnings topped estimates. Elsewhere Pfizer and Johnson & Johnson paced gains in health care shares as the Supreme Court agreed to hear an appeal by pharmaceutical companies seeking to block thousands of public hospitals from suing over a federal discount drug program. But Monsanto slid 8.1% on concern its SmartStax corn seeds aren’t performing as well as predicted.
Wednesday, September 29, 2010
How Exchange Rates Could Torpedo Your Stocks Portfolio / Stock-Markets / Stock Markets 2010
By: Money_Morning
Shah Gilani writes:
When specialty-chemicals-maker H.B. Fuller Co. (NYSE: FUL) announced its third-quarter results earlier this month - with earnings and revenue coming in well below expectations - company shareholders suffered an 8% haircut in a single day.
Rising raw material costs appeared to be the headline reason for turbulence at the company. But there was another culprit - a frequent flier in cases of earnings shortfalls, but one that often remains unseen and misunderstood.
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Wednesday, September 29, 2010
The ONLY Reason Stocks Have Rallied This Month / Stock-Markets / Stock Markets 2010
By: Graham_Summers
The Fed generally claims that it stopped its first Quantitative Easing (QE) program back in March 2010 and that there were no additional debt monetizations between then and the announcement of its QE lite program in August.
Yet, as I’ve proven time and again, the Fed has continued to monetize Wall Street’s debts EVERY options expiration week since QE 1 ended… proving beyond a doubt that the Fed’s QE program did NOT actually end in March.
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Tuesday, September 28, 2010
Stock Market Trade War Tuesday - China, Japan & U.S. at Odds / Stock-Markets / Stock Markets 2010
By: PhilStockWorld
War does not determine who is right, only who is left. - Bertrand Russell Just when you thought it was safe to go back in the water, Japan and China are at it again. We discussed the "fishing’ incident last week and Japan has released the Chinese captain who rammed one of their Coast Guard vessels.
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Tuesday, September 28, 2010
Why QE Money Printing Does Not Work, QE2 Impact on Stock Market Sectors / Stock-Markets / Stock Markets 2010
By: John_Mauldin
Everywhere I turn is another article about Quantitative Easing Part 2. Will they or won’t they? My question last week was will it make any difference? After I sent my letter out, I came across this missive from the always fascinating Ed Yardeni. I like to read Ed because he is not afraid to take an out of consensus call. He is his own man, something of a rarity in the world of economists.
Tuesday, September 28, 2010
Stock Market Flat Day...Solid Action Continues... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
We get overbought and we start to struggle a bit. Most of the selling continues to be basically lateral. This overall lateral action allows things to unwind just enough to where we can then go higher once again. We're not getting oversold. We simply unwind back to mostly neutral levels and then the slow but steady buying starts in once again. That has been the pattern for a while now. As long as that continues, and I don't see any reason why it won't right now, you have to be a buyer of stocks on weak days, especially if the selling is contained by S&P 500 1131. 1131 was taken over by the bulls, and after one day back below, it popped right back and continues to trade above, thus, that's now become some very strong support for the bulls to play off of. The longer a big support, or resistance, level holds once taken over, the more powerful it becomes as big money sets up shop at those levels waiting for their buy or sell moment.
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Tuesday, September 28, 2010
Stock Market Negative Reversal Day / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices started lower this morning, rallied from late morning to late afternoon and reached new rally highs. But in the last hour they rolled over very hard, completely reversing today's gains, and ending up at the lows for the day with substantial losses and a rough start to the week.
Tuesday, September 28, 2010
Robert Prechters Special Stock Market Report September 2010 / Stock-Markets / Stock Markets 2010
By: EWI
13 Key Sentiment Indicators Suggest Optimism Still Reigns -- A FREE Report from Robert Prechter
In this free report, Robert Prechter reveals 8 of the 13 key sentiment indicators he's watching now. Prechter's thoughtful analysis about each of these indicators is so valuable that 5 of them are reserved for subscribers only.
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Monday, September 27, 2010
Stock Markets Tentatively Bullish on Economy, Mid-Terms, and Earnings / Stock-Markets / Stock Markets 2010
By: Chris_Ciovacco
Last week’s financial market action is trying to incorporate future outcomes related to the economy, mid-term elections, and earnings season, which kicks off with Alcoa on October 7th. Currently, a bullish bias exists relative to these outcomes, but there is little conviction behind the bullish bias.
Monday, September 27, 2010
Stock Markets Supported by M&A News / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
U.S. stocks rose strongly Friday, sending benchmark indexes to a fourth straight weekly gain, as signs of improving demand for capital goods and technology products tempered concern the economic rebound is slowing. Apple surged to a record as an analyst boosted sales estimates for the iPad tablet computer, while Google climbed to an almost five-month high and Nike surged to the highest price since its initial public offering in 1980 after earnings topped estimates on growing demand in North America and China.
Monday, September 27, 2010
Will the Mid-Term U.S. Elections Drive the Stock Market Into High Gear? / Stock-Markets / Stock Markets 2010
By: Money_Morning
Jon D. Markman writes:
The past five days added more hues to the emerging snapshot of U.S. economic growth that is sluggish and top-heavy, but still rolling forward -- kind of like a tank that can't get out of first gear. New data shows that U.S. GDP is back to 70% of its pre-recession strength, but jobs have recovered only 9%. It's this disconnect between output and employment that has made the current "recovery" seem so anemic.
Sunday, September 26, 2010
SPX Cyclical Bull Looks Like Resuming its Uptrend / Stock-Markets / Stock Markets 2010
By: Andre_Gratian
Current Position of the Market
Very Long-term trend - Down! The very-long-term cycles are down and if they make their lows when expected, the bear market which started in October 2007 should continue until about 2014-2015.
SPX: Intermediate trend.The has closed outside of its downtrend line. The move signals a new intermediate uptrend, or the continuation of an intermediate sideways consolidation.
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Saturday, September 25, 2010
Stock Market Spectacular Close to the Week / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices ended the week in spectacular fashion, gapping up big at the opening and never looking back. The indices rallied sharply, reaching a peak around noon, and then backed off in early afternoon to test support. That was successful, and they bounced again, backed off one more time, and then came on into the close, closing at the session highs.
Net of the day, the Dow was up 197.84 at 10,860.26. The S&P 500 advanced 23.84 to 1148.67, just pennies off its high. The Nasdaq 100 closed right at its high, up 41.69 at 2023.84.
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Saturday, September 25, 2010
Stock Market Keeps Rolling Higher.... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
Taking folks by surprise for sure. Not many thought this was possible, but those oscillators did give hints to the possibilities. Now we see what happens when things align just right. Get those MACD's compressed down low in their cycle. Get stochastic's oversold and those RSI's down near 30. Add in some positive divergences, and best of all, get the bull-bear spread inverted, and you take the masses by surprise.
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Friday, September 24, 2010
Stock Market - Danger Will Robinson! / Stock-Markets / Stock Markets 2010
By: David_Grandey
Every time we hit a peak and pulled back for the most part you got some sort of retest of the highs.
One look at the charts below tell the story and we can sum it up in three words when we look at the 60 minute charts of the OTC Comp. Dow and S&P 500.
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Friday, September 24, 2010
A Failed Stock Market Rally... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
After a gap down open, the bulls decided to try to take the NASDAQ-100 to new highs but failed at the critical instant...
Recommendation: Sell shares of DIA to close the long position at the open.
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Friday, September 24, 2010
Stock Market Topsy-Turvy Session Ends Lower / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices had a topsy-turvy session, opening sharply lower, rallying immediately, and retesting the earlier week's highs on Nasdaq 100 over 2000 at the 2002.50 level. The S&P 500 at that point had rallied back up to 1137, but it was nearly 12 points below Tuesday's high, and the negative divergence caused the indices to back off and consolidate.
Thursday, September 23, 2010
Stock Market S&P Support at 1131 Holding For Now... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
And that's about all one can say. It is expected that this level would hold the first test as the bulls fought long and hard to take it out. Unfortunately for the bulls, it was taken out at the same moment the market got very overbought on those daily oscillators across the board. The goal now for the bulls is to try and hold this level, or close to it for a while, until those longer-term daily oscillators can unwind enough to allow for further market upside. We opened up pretty flat today, but then the move down began. We gradually moved down to 1131. Hit it a few times, but the bulls found a way to hold on and allow it to move higher. Nothing great back up. Nothing to celebrate, but you have to like it when the bulls defend their turf.
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