Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Tuesday, April 27, 2010
Stock Market Churning Near Target Measurment... / Stock-Markets / Stock Markets 2010
One thing about those inverse head and shoulder patterns that have taken months to form is that they often make their exact measurements or at least get within one percent of that measurement over time. We have the Nasdaq with a head at 2100 and shoulders at 2325. This measures 225 points or 2550. Today's high was 2335 and that's less than one percent away from full measurement. Not bad at all. We may still get to 2350, but we came very close and that may be close enough. The problem from here being we are so darn violently overbought on those daily charts, not to mention being overbought on the weekly charts as well.
Read full article... Read full article...
Tuesday, April 27, 2010
The Stock Market Recovery Rally Continues / Stock-Markets / Stock Markets 2010
How creative do we have to be after eight consecutive weeks of a positive market to make this week more interesting than the last eight? Earnings continue to be a bit better than expectations, Greece is still trying to get funded and the economy is still bumping along. So with the so-so backdrop, why does the market continue to march higher? It is the only game in town! Short-term interest rates continue to be held near zero (we’ll hear more this week) as the Fed worries about the frailty of the economic recovery. Inflation, as reported last week, remains high, however much of the gain is in food/energy prices (the stuff we never buy!).
Read full article... Read full article...
Monday, April 26, 2010
Mega Corporate Earnings Monday, 1000 Reports This Week! / Stock-Markets / Corporate Earnings
What a crazy week this is going to be!
Pre-Market we’re hearing from BLK, CAT (are we building stuff?), EXP, HTZ, HUM, LO, TUES and TZOO and later we will hear from BSX, CHH, OLN, RSH, RCII, TXN (major) and my "friendbuddypal" Cramer’s TSCM (if they are not delayed). Revenues at The Street have crept back up this year in a recovery that pretty much mirrors the market.
Monday, April 26, 2010
Stock Markets Focus On Corporate Earnings / Stock-Markets / Stock Markets 2010
US stocks advanced Friday, extending the Dow’s longest weekly winning streak in six years. American Express advanced 2.7% on earnings that beat analysts’ estimates, and Merck surged 5% as the drugmaker said the US health-care overhaul won’t hurt long-term growth. Energy companies rallied as the EUR/USD strengthened for the first time in seven days.
Read full article... Read full article...
Monday, April 26, 2010
No End In Sight For Stocks Bull Market / Stock-Markets / Stocks Bull Market
Before getting to the daily trends and what is likely now to unfold over the next few weeks I think it is important to point out to you that the longer term trend (one year plus+) for the stock market is strengthening. In fact there is no end in sight for this bull market.
Read full article... Read full article...
Monday, April 26, 2010
Stocks Led by Apple On a Hot Bull Run No Investor Should Miss / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: Stocks flipped out late Friday morning following an announcement of Greece's decision to seek help from the European Union and International Monetary Fund. But by the end of the session, cooler heads began to prevail and the major indexes ended well into the black, continuing the bull run.
The Dow Jones Industrial Average, Standard & Poor's 500 and Nasdaq all closed about 1.1% lower for the session, but the week's results were a lot better: flat for the Dow and S&P 500, up 0.75% for the S&P Midcap 400 and up 1.7% for the S&P Smallcap 600.
Read full article... Read full article...
Monday, April 26, 2010
Why Does This Stock Market Rally Give Me the Creeps? / Stock-Markets / Stock Markets 2010
I’m sorry, I am trying so hard to get bullish but it’s not working…
My only solution is to, as we often joke, switch of my brain and stop reading the news (listening to it is great as everything is coming up roses in TV-land) and ignore the now-exposed shenanigans on Wall Street (why should I worry about my investments just because the people running the game are up on fraud charges) and for goodness sakes don’t even look at something as depressing as "The Economic Elite vs. the People of the United States of America," neither Parts 1-3 or Parts 4-6 because that can lead to thinking and thinking makes it REALLY hard to go to sleep at night with your money riding on the top of an 80% market while gold is trading at $1,150 an ounce because of overwhelming global instability and a total lack of faith in the global financial markets.
Monday, April 26, 2010
SPX Stock Market Index Targets 1230 Trend Reversal Level / Stock-Markets / Stock Markets 2010
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 2014.
SPX: Long-term trend - Up! We are in a medium-term bull market, which is a corrective move within a long term bear
market. This bull market should last until 2011
Monday, April 26, 2010
MortiES Stock Market Analysis, SPX Chop Time / Stock-Markets / Stock Markets 2010
This is the article and chart my premium subscribers received this weekend: The market appears to be in a period of consolidation. I called it a triangle and a Wave 4 in my last posts. The only difference in my call for this weekend is that I am calling it a “running” triangle” and W4. You can see an illustration of the running triangle on p. 50 of EWP.
Read full article... Read full article...
Monday, April 26, 2010
Nasdaq Tek Stock NDX at 2050! / Stock-Markets / Stock Markets 2010
I have to go many posts back to find the first time I mentioned 2050 area as a resistance, and the 1970-2050 range as an active range.
And it seems like just yesterday when I said that the move out of Feb low looked more and more like the move out of July low and might destroy the bears and leave many bulls behind waiting for a pullback.
Read full article... Read full article...
Monday, April 26, 2010
Indian Stock market Detailed Technical Analysis with Chart Studies / Stock-Markets / India
Previous Week: Last Week Nifty showed good strength as it held on it's own. When looking at stocks or indices everyone looks at the same chart but with different conclusions and perspectives. Everyone believes that the support/resistance levels would be different. But what eventually works out is anybody's guess. As you can see from Daily chart of nifty below, Nifty nicely tagged the Lower Bollinger Band and found solid support there.
Read full article... Read full article...
Monday, April 26, 2010
Stocks Bull Market Continues as Deflationists Remain Stuck in Debt Deleveraging Deflation / Stock-Markets / Financial Markets 2010
The stocks (stealth) bull market put in a new high with the Dow hitting 11,205 right at the end of the week after range trading between 11,150 and 11,000 for most of the week.
Read full article... Read full article...
Sunday, April 25, 2010
Racing Stock Market Bulls, Shanghai vs. Wall Street / Stock-Markets / Stock Markets 2010
new symbol of China's market ambitions: It is getting its own charging bull sculpture for its Shanghai Stock Exchange, similar to the one in front of the New York Stock Exchange.
Read full article... Read full article...
Sunday, April 25, 2010
Leading Stocks Go Vertical In Go-Go Market / Stock-Markets / Stock Markets 2010
For the last month or so the markets have been overbought technical indicator after technical indicator wise, yet they have refused to give up the ghost so to speak. We've also been talking about what to do with a pullback and how to buy the leaders in an extended market. That still holds true today. We would love to buy some of the go-go stocks on pullbacks to support and/or the 50-day average however as we've said time and time again in this space the market is the boss.
Read full article... Read full article...
Sunday, April 25, 2010
Euro Crisis Could Trigger Stocks, Dollar, Commodity and Bond Markets Drop / Stock-Markets / Financial Markets 2010
FDIC Friday is open for business. The FDIC Failed Bank List announced seven new bank closures for the week thus far. FDIC Friday lives!
Read full article... Read full article...
Sunday, April 25, 2010
Stock Market Investor Sentiment Mockery / Stock-Markets / Stock Markets 2010
The market continues higher, which you are well aware. The sentiment indicators continue to show extreme bullish sentiment amongst the "dumb money", an indifference by the "smart money", and selling by insiders. These are bear signals. In a sense, the market continues to make a mockery of the sentiment indicators. But let's face it, all indicators - whether fundamental or technical - are broken.
Read full article... Read full article...
Saturday, April 24, 2010
Another Bubble in Stocks and Housing? / Stock-Markets / Financial Markets 2010
Compare the U.S. Census Report… “New orders for manufactured durable goods in March decreased $2.2 billion or 1.3 percent to $176.7 billion, the U.S. Census Bureau announced today. This decrease followed three consecutive monthly increases, including a 1.1 percent February increase. Excluding transportation, new orders increased 2.8 percent. Excluding defense, new orders decreased 1.2 percent.”
Read full article... Read full article...
Saturday, April 24, 2010
Stock Market Late Day Rally Again... / Stock-Markets / Stock Markets 2010
This is common in bull markets, especially when the market won't sell off when everyone is expecting it to. We are overbought. We do have some negative divergences on the daily chart and we do have eroding sentiment figures. This equates to pullback. However, when a market can't sell when it supposedly should, the bears start to cover and the bull get braver and thus later day action becomes one in which markets move upward. Sort of the give up affect. It's a bull market. It won't sell on a given day thus the masses move towards the direction of the trend and simply buy equities. Today we had weaker futures to deal with due to poor earnings from Microsoft Corporation (MSFT) and Amazon.com (AMZN).
Read full article... Read full article...
Saturday, April 24, 2010
Gold, HUI and Stocks On the Brink of an Asset Explosion II / Stock-Markets / Financial Markets 2010
Let me start off by saying the market should be correcting. Sentiment has reached ridiculous bullish extremes, the kind of extremes that led to the January /February correction.That correction separated the second leg of the bull from the third. But let’s face it, sentiment has been in this condition for several weeks now and the best we could muster was a minor correction of 30 points on the news the SEC was filing charges against Goldman Sachs for fraud.
Read full article... Read full article...
Saturday, April 24, 2010
Goldman who? Fuhgeddaboudit! / Stock-Markets / Financial Markets 2010
Greece what? Oh we fixed that thing last week! Yeah, the Germans (who are $4.5Tn in debt), the French (who are $4.4Tn in debt), the English ($9.2Tn) and, of course, the Italians ($4Tn in debt) are gonna give the Greeks a little something to keep the lights on until Christmas. Hey the world’s supposed to end in 2012 anyway so it’s not like we gotta keep worrying about this stuff, capiche? See Merkel tells me she knows a guy who knows a guy who’s got the green to keep this whole scam going until then and, after that--who cares? It’s gonna be somebody else’s problem…