Category: Stock Markets 2010
The analysis published under this category are as follows.
Thursday, July 29, 2010
Stock Market 60's Unwinding...Economy Stinks.... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
There's a little twist for a title. No matter what these CEO's tell you, the economy has hit the wall. The FOMC Minutes came out today, and they didn't paint a pretty picture at all. It showed how things are slowing down, and that there really isn't too much economic activity, or life, going on out there these past few months. It's scary because this earnings quarter brought about a lot of company's saying things were so good that we're raising guidance. Ouch!! Raising guidance just as things are hitting a stone wall doesn't seem like the best of timing.
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Wednesday, July 28, 2010
Banks Find A Bid After Basel Watered Down / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
Another solid session for US markets as they closed up circa 1% buoyed by June new home sales which surged 23.6% mom, more than fully offsetting downward revisions for May to hit 330k, beating the Street consensus forecast by 20k and marking one of the few constructive US releases in the last month. The housing numbers dominated the news, easily eclipsing a weak Dallas Fed manufacturing index.
Wednesday, July 28, 2010
Consumers Lack Confidence? / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
Trade Recommendations: Take no action.
Daily Trend Indications:
Wednesday, July 28, 2010
Stocks Mixed, Consolidation Session / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices started out with a bang, gapping up and running to new rally highs that touched 1900 on the Nasdaq 100 and near 1121 on the S&P 500. They then had a strong 3-wave sell-off after the Consumer Confidence Index came out negatively, dropping to 1880 on the NDX and 1110 on the SPX.
They bounced, took back about 50% of the losses, and then retested. When that was successful, they managed to firm up in the afternoon, but in the last half hour they pulled back once again and closed narrowly mixed on the session.
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Wednesday, July 28, 2010
Stock Market Quiet Day At Overbought... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
When a market gets overbought on the short-term charts or those 60-minute charts, it's important to allow them to unwind out of overbought. The key to that unwinding is how much price erosion takes place. If it's more intense or impulsive in either price, or the oscillators, that would be a small red flag to keep an eye on. However, if the move down is basically done with little price erosion and just your normal oscillator unwinding, then that's far more positive and clearly what we had take place today. Sideways or down side action would be best in unwinding things further, but there's no guarantee we'd get too much more since the bulls are trying very hard to keep this market as far away from retesting 1099 as possible.
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Tuesday, July 27, 2010
Stock Market Take-Off Tuesday Already? / Stock-Markets / Stock Markets 2010
By: PhilStockWorld
Wow, this market goes from zero to sixty in record time, doesn’t it?
Our 1,013 mark (see yesterday’s post for charts) was tested and broken on the S&P yesterday (see David Fry’s chart) on a silly stick save into the close but, seeing that, it was very obvious that "they" are looking to paint some impressive moves on the charts this week so strap yourselves in - it’s going to be a wild one.
Tuesday, July 27, 2010
Stock Market Breakout... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
Trade Recommendations:
Buy shares of DIA at a limit of $105.26.
Buy shares of QQQQ at a limit of $46.44.
Buy shares of SPY at a limit of $111.56.
Tuesday, July 27, 2010
Stock Market Trending for Time Symmetrical Head and Shoulders Pattern with Fibonacci Support / Stock-Markets / Stock Markets 2010
By: JD_Rosendahl
It was another solid day for the DOW but I’m still trying to keep my positions light. If the right shoulder is to occur, I’ve got Friday or next Monday as potential turn days. The time between the 2007 high and the 2009 low is equal to the time between the March 2009 low and this Friday.
Tuesday, July 27, 2010
Stock Market Rally Continues... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
It also is putting distance away from 1099 down to 1092, which is very good news for the bulls. They certainly needed some breathing space and they got it for sure as the market churned near this 1100 area today, but eventually, and made sure the bears knew that it would have nothing to do with visiting sub-1100 again. The bears started to cover as the morning went on, and thus it was a day for the bulls. It's been a long time since the market got overbought on the short-term charts, but now we have those overbought conditions, which is a sign of health.
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Monday, July 26, 2010
Stock Market 200Day Moving Averages, Hedge Funds Care, So Should You / Stock-Markets / Stock Markets 2010
By: Chris_Ciovacco
Markets set asset prices. Markets determine how much your brokerage account, IRA, and 401(k) are worth. Hedge funds and large institutions drive markets. Therefore, it is prudent to know what large institutions and hedge funds care about and what they see in the current market. Right, wrong, or indifferent, hedge funds and large institutions monitor closely and care about 200-day moving averages.
Monday, July 26, 2010
Stocks Search for Direction Post Bank Stress Tests / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
U.S. stocks rallied Friday, sending benchmark indexes to one month highs, after Genzyme, the largest maker of medicines for genetic diseases received a takeover approach from Sanofi Aventis boosting optimism for renewed surge in M&A activity given corporates are sitting on record piles of cash. General Electric also boosted its dividend by 20%. The euro appreciated after 84 of 91 European banks passed stress tests. Treasuries dropped. The Standard & Poor’s 500 Index climbed 0.8% to finish at 1,102.66 its first gain above 1,100 since June 22.
Monday, July 26, 2010
European Stress Tests Results... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
Trade Recommendations: Take no action.
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Monday, July 26, 2010
Should the Bulls Expect a Massive Hangover After The Party? / Stock-Markets / Stock Markets 2010
By: David_Banister
Although the market had an impressive rally, amidst strong Large Cap earnings, I continue to fear a reversal to the downside. Keep in mind that the upside MAX objective's I gave out on July 14th last week here and on Kitco and other sites were as follows:
Nasdaq 2295; DOW 10450, and SP 500 1104-1115.
Monday, July 26, 2010
Why Second Quarter Corporate Earnings Haven’t Spurred a Stock Market Rally / Stock-Markets / Stock Markets 2010
By: Money_Morning
Don Miller writes: Second quarter earnings season is in full swing on Wall Street and investors are keeping a close eye on corporate profits.
But rather than pinning their hopes on earnings for relief from the recent downturn in stocks, investors seem to be suffering from tunnel vision. They're ignoring numerous positive earnings reports and instead focusing on macro-economic trends to determine the day-to-day fate of the markets.
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Monday, July 26, 2010
Stocks Stuck in Trading Range Despite Positive Corporate Earnings Reports / Stock-Markets / Stock Markets 2010
By: Money_Morning
Jon D. Markman writes: Despite positive earnings reports last week from more than a few bellwether companies, stocks remain stuck in a trading range that continues to test investors' patience and skill.
Stocks launched higher last week in another round of the hyper-volatile action that has plagued the equity markets over the last three months. The good news is that some technical resistance was knocked out in the process, potentially setting the stage for a bigger rally in weeks to come.
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Sunday, July 25, 2010
Charting the Stock Market is Similar to Tracking a Squirrel Crossing a Busy Street / Stock-Markets / Stock Markets 2010
By: Guy_Lerner
Glenn Holderreed of Quacera Capital Management and the QPM Radar sent me an email the other day describing the market:
"Charting this market is similar to tracking the moves of a squirrel crossing a busy street. Quickly moving to the middle, no better turn back, no, no, I can make it across, oh no I better go back, shucks I can make it across. Sometimes they make it, but many get flattened. I think there are a few flattened in this market."
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Saturday, July 24, 2010
Statistical View of Price Ranges for U.S. and China Stock Markets / Stock-Markets / Stock Markets 2010
By: Richard_Shaw
The price range you might expect for a security is a function of your time frame and the volatility of the security. Investors with a 10-year time frame have a much different price range expectancy than an investor or trader with a 10-month, 10-week, 10-day or 10-minute time frame.
Let's look at volatility based price range possibilities for the US S&P 500 and the China FTSE Xinhua 25 over different time frames from the unique high of each in 2007, low in 2008 or 2009, YTD and from the most recent important high.
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Saturday, July 24, 2010
Stock Market Edging Through The Wall..... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
What a fight we are witnessing. The bears setting up camp right at 1099. The bulls working every single day to try to get through 1099, but seemingly never able to make the necessary move. Why? Because those bears have such a strong confluence of resistance within an 8-point range. We talked about it yesterday. The previous tails off 1099, the trend line at 1095 and the 50-day exponential moving average at 1091. 1091 to 1099, and yet within that small 8-point range, there is resistance after resistance that on their own would be difficult let alone having all of these headaches come together in such a tight area.
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Friday, July 23, 2010
Markets Stressful Finish To The Week / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
On a turn around Thursday markets staged a complete reversal with renewed risk appetite replacing the post Bernanke “unusual uncertainty” risk aversion. The day kicked off with some robust European data (better UK retail sales and German PMI) but it was a series of upside earnings surprises Stateside that proved the catalyst for the rebound U.S. stocks rose, with the Standard and Poor’s 500 Index gaining the most in two weeks, after companies as diverse as United Parcel Service to AT&T and Qualcomm all increased profit forecasts.
Friday, July 23, 2010
A Battle Royal in the S&P 500 Stocks Index / Stock-Markets / Stock Markets 2010
By: INO
The battle between the bulls and the bears continues in the S&P 500 with neither side able to gain the upper hand. This choppy trading action will eventually lead to a large move one way or the other. The bulls are betting that we are headed higher and the bears are betting that the economy is going tank.