Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Thursday, November 04, 2010
Stock Market Indices Rally After Post-FOMC Dip to Close Higher / Stock-Markets / Stock Markets 2010
The stock market indices had a down morning and then vacillated wildly after the FOMC announcement. This included a sharp dip down to 2132 on the Nasdaq 100, reaching trend line and moving average support, and a dip near 1184 on the S&P 500, also testing trend line and moving average support. But when that held the indices ripped to the upside, swinging around from 2132 to 2160 on the NDX and from 1184 to 1198 on the SPX. They backed off in the last hour, but came on again in the last 15 minutes to close up on the day.
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Thursday, November 04, 2010
Ben Bernanke Trying To Inflate The Stock Market.... / Stock-Markets / Stock Markets 2010
sent that message loud and clear today. He wants the bond market to die. He wants the dollar to die, and he wants the stock market to rise in an effort to keep the economy on the road to recovery. Without a dead dollar and without a strong bond market, money won't rotate in to equities. If money rolls in to equities then the stock market climbs giving people more money to throw back in to the economy. A simple equation really, and he's working hard to make it all come true. He will flood cash in to the system. He said he'll do whatever it takes to keep our economy humming along.
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Wednesday, November 03, 2010
Republicans Take the House and QE Too! / Stock-Markets / Financial Markets 2010
By Now, like many Americans, the Democrats know what it's like to lose their House.
Back in the mid-1800's, the nation had another kind of Tea Party as the Whigs became a successful 3rd party, even going so far as to put two men in the White House - William Henry Harrison and Zachary Taylor plus Millard Fillmore, who succeeded "Old Rough and Ready" who died just after a year in office but that was a long term compared to Harrison, who caught pneumonia making a long inauguration speech in the freezing rain and died of it a month later despite attempts to cure him with opium, castor oil and leeches - treatments we are likely to see again as the Republicans vow to repeal Health Care legislation.
Wednesday, November 03, 2010
Four Financial Stock Charts to Watch / Stock-Markets / Company Chart Analysis
In our Webinar Monday evening, we reviewed the financial sector, a video clip of which is available in this Mid-Day Minute, and whose chart analysis is still very applicable today, ahead of the Fed announcement.
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Wednesday, November 03, 2010
QE2 Stock Market Warning, What if Nothing Happens? / Stock-Markets / Stock Markets 2010
What if nothing happens?
This is the most anticipated monetary event in a long time. Combine it with a big change in the political landscape and we have the potential for a blockbuster move, but which way and how far.
Wednesday, November 03, 2010
Gold and SP500 Bull Markets Continue To Leave Investors Behind / Stock-Markets / Stock Markets 2010
In my recent forecast updates for my subscribers and also in my free articles online, I have expounded on the virtues of Elliott Wave Theory, which I use as my linchpin for my short and long term views. To wit, back in August 2009 I made it clear that we would enter a five year period of a massive move up in both Gold and Gold Stocks. Gold was $900 an ounce at the time, and is now at $1360 an ounce. I made that forecast based on human behavioral patterns that go back centuries.
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Wednesday, November 03, 2010
Fed POMO Plunge Protection Team Stock Market Manipulation? / Stock-Markets / Market Manipulation
Rumors are, the U.S. government "is propping up the stock market."
'By far, the most frequent question we've been asked recently at EWI's Message Board is this: "What is your take on the persistent internet chatter that the Federal Reserve is holding up the stock market via QE2, POMO, etc.? How can stocks ever decline again if the Fed is in control?" Here is an eye-opening chart that will help shed more light on this issue. Read more.
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Wednesday, November 03, 2010
Sentiment Indicators Signaling a Major Stock Market Top / Stock-Markets / Stock Markets 2010
The S&P 500 index is nearly back to its April high. In the bigger picture the market can be seen as tracing out a major topping formation lasting nearly one year. Valuations are historically high, and macroeconomic leading indicators are showing a considerable recession risk.
Additionally, liquidity indicators like money supply and credit growth have deteriorated markedly for many months. To me this market looks ready for its next major cyclical bear market move.
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Wednesday, November 03, 2010
Dollar Drop Fuels Stock Market Rally... / Stock-Markets / Stock Markets 2010
The Euro soared against the dollar providing ample fuel for a rise in U.S. Equities on the day of the elections in the U.S. and on the even of the latest FOMC rate decision and statement on QE2...
Recommendation: Take no action.
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Wednesday, November 03, 2010
Possible Stock Market Scenarios for Fed Intervention Day / Stock-Markets / Stock Markets 2010
In last week's BullBear Weekend Report I called for some profit taking and indicated that the market was likely set up for a pullback. This week the market continued to trade in a sideways pattern while the technical conditions suggestive of a correction deepened. As we go into the mid-term election and the November FOMC meeting, my long term stance continues to be bullish but my short and intermediate term stance is neutral.
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Tuesday, November 02, 2010
Staying Short into Stock Market Election Uncertainty / Stock-Markets / Stock Markets 2010
Market participants moved the major indexes up over one percent only to see them come crashing back down and finishing flat as we await election results and the FOMC decision on interest rates and QE2...
Recommendation: Take no action.
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Tuesday, November 02, 2010
Stock Market Rally is Tired... / Stock-Markets / Stock Markets 2010
Aren't we all! The market is. Doesn't mean it can't continue to try to grind higher even though it's ready for some deeper selling, if that catalyst would just make an appearance. The ISM Report today had that chance, however, it showed more expansion than any thought possible. We had some early reports on what to expect when the voting is over on Wednesday. It shows the market will be getting what it wants. No catalyst there. Only catalyst here is the overbought and tired nature of the market, especially the Nasdaq stocks. It wants more to rock this thing down.
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Tuesday, November 02, 2010
Stocks and Bonds Waiting on Politics and Policies / Stock-Markets / Financial Markets 2010
Risk assets continued to rally in October, carrying over the positive momentum from September. While historically cruel months for equities, this autumn proved to be an exceptional exception: The Standard & Poor's (S&P) 500 has advanced roughly 13% in the past two months. The S&P 500 rose 3.7% in October, its best October since 2003, and the Dow, Nasdaq and Russell indexes gained 3.1%, 5.9% and 4%, respectively. The international markets also participated in this "risk-on" trade and developed markets as well as emerging market indexes gained, with the MSCI EAFE up 3.6% and the MSCI EM rising 2.9%.
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Monday, November 01, 2010
Mini Double Top on S&P 500 Stocks Index / Stock-Markets / Stock Markets 2010
The day's high is akin to what was seen the last time we had a gap up open / surge (wait for it.... last Monday). S&P 1196 on both days. Hence we have twin Monday highs and a mini double top. Traditionally (at some point) the market usually sells off, and a double top is a great formation for it to happen from. But I am not crossing my fingers. On the other hand, double top breakouts are usually quite bullish developments so if these intraday levels are cleared, off to the races we go ...although it feels like we've been in a marathon already.
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Monday, November 01, 2010
Stock Market Trend, It’s All About The Dollar / Stock-Markets / Stock Markets 2010
That’s right folks, it’s all about the dollar ($) in the financial markets these days, and the $ is all about its accelerating debasement at the hands of the Fed. This of course must be rubber stamped by the politicians to be considered ‘legal’, however it should be understood there’s nothing legal about this as the destruction of the $ via fiat declaration is fundamentally unconstitutional. Fiat currencies all fail in the end due to corruption and deceit, and the $ will be no exception, first loosing it’s purchasing power, now well underway, and then its status as the world’s reserve currency, now coming into focus, which will collapse the US into a banana republic.
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Monday, November 01, 2010
Stock Market Larger Uptrend Into 2011, Minor Top Set for Mid-November / Stock-Markets / Stock Markets 2010
It's been a while since I have posted a market update, and - in light of the action in recent months - I want to post a detailed article on both the cyclic and the technical picture of the U.S. stock indices. I will start with the big picture view - which is decidedly bullish - and then will scale down to the short-term take, which is looking for a top between now and mid-November.
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Monday, November 01, 2010
Stock Market QE2 and Elections Uncertainty Rules... / Stock-Markets / Stock Markets 2010
GDP met expectations but that wasn't enough as investors fret over elections and QE2 concerns...
Recommendation: Take no action.
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Monday, November 01, 2010
How Far Will Fed Go To Get the U.S. Economy Rolling? / Stock-Markets / Financial Markets 2010
Jon D. Markman writes:The market has been marking time lately as investors await the election results and the much -anticipated Federal Reserve announcement after the Federal Open Market Committee wraps up their meeting on Wednesday.
The Fed is expected to provide a peek into its next round of quantitative easing, now considered a fait accompli. The only question seems to be how far the Fed will go to reinvigorate the economy.
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Monday, November 01, 2010
The Federal Reserve Casts Its Ghostly Shadow Over the Markets / Stock-Markets / Financial Markets 2010
This week will see the opening of Ben Bernanke’s Quantitative Easing box. Out of which will jump a giant stimulus rabbit along with a few difficult to interpret actions lightly disguised as helpful aids and more commonly known as the product of the printing press. Mark Wednesday, 3rd November 2010, 18:15 GMT in your diary as this speech is the most important speech of this year.
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Sunday, October 31, 2010
Three Macro Investment Plays – CYB,TBT,YCS / Stock-Markets / Investing 2010
The market remains in an uptrend but it is a “weak dollar” rally, not a “strong economy” rally. In real, dollar-adjusted terms, the market is closer to flat. A possible crash triggered by the weakening economy or a currency war is not out of the question. Don’t fight the trend – but I’m certainly not jumping in on the long side with both feet either.
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