Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Thursday, June 17, 2010
Stocks and Commodities Downtrend Could Have Ended, A Colorful View on SPX, Gold & Oil / Stock-Markets / Financial Markets 2010
It’s been a bright week so far for stocks and commodities. It appears that the down trend could have ended as of yesterday (Tuesday June 15th). In this mid-week report I figured I would bring back the 80’s colors to see if I can spice things up!
Below are some charts I did showing my current views on the market. You may want to put on your hyper color shirt, sunglasses and zinc when viewing them in order to get into the zone… lol
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Thursday, June 17, 2010
S&P 500 1105..Earnings....Resistance At 50's....Right Shoulder / Stock-Markets / Stock Markets 2010
There are times when I think this would all be easier if I had you all in front of me and I could verbalize what I'm seeing and thinking. I'll do my best to explain today's action and what is ahead for this market. Today was an interesting day, for sure, because the bulls showed that they're not very anxious to give back that S&P 500 1105 support level, which, until a day ago, was a wall of China in terms of resistance. Two tests early on down to 1107, but that was the best the bears could muster up.
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Thursday, June 17, 2010
Spotlight Shines on 2010 World Investment Conference / Stock-Markets / Investing 2010
This year's iteration of Cambridge House's World Investment Conference—a one-stop-shopping venue for resource education and opportunities—may not have set attendance records, but the videographer found plenty of people on the floors and in the halls to gather general observations about this year's show, opinions on hot commodities and insights into investment topics. Tune in for some snippets from the likes of Al Korelin, Howard Fitch, Lawrence Roulston, Marin Katusa, David Coffin, Roger Wiegand and many others in this
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Wednesday, June 16, 2010
Stocks Trading - What To Do With A Follow Through Day / Stock-Markets / Stock Index Trading
OH BOY! We got an O’Neil Follow Through Day! That’s just great isn’t it?
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Wednesday, June 16, 2010
Bull Flag for China FXI ETF / Stock-Markets / China Stocks
The iShares FTSE/Xinhua China 25 Index (FXI), after the pullback from yesterday's high at 41.08 into this morning's low at 40.68, appears ripe for upside acceleration. It appears to be consolidating between 41.00 and 40.70, and the price action has the right look of a bull flag continuation pattern prior to a thrust to the upside into my next optimal target zone at 41.50/80.
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Wednesday, June 16, 2010
US, UK and European Financial Systems Are On the Way to Collapse / Stock-Markets / Financial Crash
Were it not for the Federal Reserves purchase of Treasury and Agency bonds the US would already be unable to raise funds to service debt and issue new debt, and it would already have descended into national bankruptcy. It is no wonder the Fed does not want to be audited. Through various artifices the Fed has been purchasing US treasury paper. No one knows how much, because when asked the Fed says it is a state secret. That is what all Americans love. A country run in secrecy. A privately owned corporation operating under the cover of secrecy, and protected by a Treasury Department, that is under the control of the Fed’s owners. How is that for an incestuous relationship?
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Wednesday, June 16, 2010
Stock Market Bulls Roar Back / Stock-Markets / Stock Markets 2010
The stock market indices had an exceptional day as the bulls certainly roared today. The indices started out with a gap up, ran hard early on, reached resistance levels and backed off to consolidate, but continued its stair-step advance in a steady fashion, closing near the highs for the day going away in a strong surge with strong technicals to confirm the trend today.
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Wednesday, June 16, 2010
Stock Market Bulls Capture S&P 500 1105...... / Stock-Markets / Stock Markets 2010
So the range between 1040 (3 tests) and 1105 (prior to today, 4 tests) was finally broken to the up side by the bulls. Fifth time the charm. Didn't come easy. Yours truly sadly shaken out along the way. It was tough. It gave more head fakes than one could possibly imagine would be possible. Yesterday being the latest of those head fakes.
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Tuesday, June 15, 2010
Big Bear Markets Mean More Than Falling Stock Prices / Stock-Markets / Stocks Bear Market
Many infamous authoritarian regimes emerged during or after big bear markets
Fear and uncertainty that drive a severe bear market are the same emotions which can set the stage for authoritarianism, in most any nation.
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Tuesday, June 15, 2010
CNBC Goes Too Far With Tag Team PIMPCO Bond Pusher El-Erian With Roubini Dr Doom / Stock-Markets / Stock Markets 2010
Once again CNBC has gone too far!
The futures were doing very well, up almost 1% until CNBC put together the tag-team guest spot of Mohamed El-Erian, the notorious bond pusher from Pimpco and "Doctor Doom" himself - Nouriel Roubini in a classic bear and bigger bear face-off that was timed right into the EU's lunch hour. Roubini's new book is called "Crisis Economics" and there's nothing like a crisis to chase people into the loving arms of PIMCO, where El-Erian gets the fees. It's odd that there's not even a simple disclosure statement from El-Erian to guide viewers like: "You know, I do well when the market does bad."
Tuesday, June 15, 2010
Activity in Media Sector Lifts Stocks / Stock-Markets / Stock Markets 2010
This morning in Europe the big story is the bid by Rupert Murdoch’s News International for the remainder of BSkyB. The stock is up 20%. Bloomberg has posted headlines saying that BSkyB “would support a proposal delivering value above 800p” after News Corp rebuffed an initial 675p to 700p. This M&A story has sparked a more general rally in media names such as ITV (up 3.8%) and Spain’s Gestevision Telecinco which is better by 4.2%. Other stocks on the move include broker ICAP (plus 2.5%) on an upgrade at Numis from “reduce” to “add”. But Inmarsat is down 4.2% after a broker downgrade. They were cut to “underperform” from “neutral” over at BofA Merrill Lynch. Healthcare Locums has collapsed 18% after admitting that all talks about a possible takeover have ended. But Spice Plc is up 6% on news that Cinven is considering making an fresh offer. Dow futures are ahead by 60 as I write despite some disappointing numbers from Best Buy. The stock has shed 6% pre market.
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Tuesday, June 15, 2010
Stock Market Reversal at Resistance... / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
Daily Trend Indications:
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Tuesday, June 15, 2010
Stock Market Indices Reverse Sharply to Close Lower / Stock-Markets / Stock Markets 2010
The stock market indices started the week with a bang and a nice gap up, ran hard in the morning and reached the session high at about 11:00 am right at key overhead resistance on the S&P 500 near the 1105 area. The Nasdaq 100 at that point reached near 1880, getting up to 1877, but they were unable to make any further advances.
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Tuesday, June 15, 2010
Stock Market Trend In A Word, Awful... / Stock-Markets / Stock Markets 2010
What more can be said for a market that makes its fourth try at critical resistance with a positive divergence in place and spits the bit. Hard to believe how bad the market was today considering what was set in motion. If this was a head fake lower, what a fake it was. Bearish action for sure. We started out with a gap up that took us to that magic number once again at 1105 S&P 500. The market looked poised to take it out but we were very overbought on the short-term 60-minute charts where we saw 70 + RSI's and 90 + stochastic's. MACD's top side as well.
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Monday, June 14, 2010
Stock Market Timing Correlation Against Currencies / Stock-Markets / Stock Markets 2010
Pop Quiz: what do you get when you combine a stock market completely overrun by computer programs with central bankers who believe currency debasement is a means to generate real wealth?
Answer: insane volatility in which the entire market follows various asset classes tick for tick.
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Monday, June 14, 2010
Unraveling Stock Market Rally / Stock-Markets / Stock Markets 2010
Whether you call it a merry-go-round or a roller coaster, the ride of the past two weeks has put you right back where you started. While a rally was not too surprising, given the huge amount of selling over the prior two weeks, the markets seemed to still be trading on data from overseas rather than economic data here. For example, the huge rally on Thursday was, in part, due to tremendous exports reported by China rather than our rather lousy report on weekly jobless claims.
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Monday, June 14, 2010
Is There Enough Liquidity in the Stock Market? / Stock-Markets / Stock Markets 2010
When there is a lot of money available for buying an item, supply goes down and prices go up.
The same happens in the stock market. When lots of money moves in, Liquidity levels move from Contraction to Expansion. When Liquidity hits an expansion level, competition for stocks will drive prices up and the overall market will propel upward.
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Monday, June 14, 2010
Stocks Bear Market Rally Dow Theory Update / Stock-Markets / Stocks Bear Market
I continue to receive questions regarding Dow theory and whether or not a so-called "sell signal" has been triggered. Technically, with Dow theory there is no such thing as a buy or sell "signal." Rather, the Dow theory founding fathers anticipated trend changes and during these periods of such participation they would begin to establish their positions ahead of the anticipated trend change. They referred to these periods of anticipation as "buy and sell spots."
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Monday, June 14, 2010
Stocks Start the Week on the Front Foot / Stock-Markets / Stock Markets 2010
Are markets becoming less sensitive to bad news or is it just priced in ? Poor retail sales data from the US on Friday (remember 60% plus of American GDP comes from private consumption) sent stocks lower early in the New York session. However, they closed up after a late rally led by IT and basic materials stocks. A better than expected consumer confidence number at 3pm BST Friday and a report from the Semiconductor Industry Association, which raised its chip sales forecast, sparked the comeback which helped the market overcome the largest drop in American retail sales since September.
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Monday, June 14, 2010
Stock Market Light volume rally... / Stock-Markets / Stock Markets 2010
Trade Recommendations:
Take no action.