Analysis Topic: Stock & Financial Markets

The analysis published under this topic are as follows.

Saturday, February 04, 2017

SPX Stocks Bull Market Continues / Stock-Markets / Stock Market 2017

By: Tony_Caldaro

The week started at SPX 2295. After a gap down opening Monday the market traded down to SPX 2267 on Tuesday. Then Wednesday’s opening was a gap up, followed by a pullback, then another gap up opening on Friday ending the week at SPX 2297. For the week the SPX/DOW were mixed, and the NDX/NAZ were mixed as well. Economic reports for the week were again mostly positive. On the downtick: the Chicago PMI, consumer confidence, construction spending, auto sales, ISM services, the WLEI, plus the unemployment rate rose. On the uptick: personal income/spending, the PCE, pending home sales, Case-Shiller, the ADP, the ISM, NF Payrolls, factory orders, the Q1 GDP estimate, plus weekly jobless claims were lower. Next week’s reports will be highlighted by the trade balance, the budget deficit and export/import prices. Best to your week!

Friday, February 03, 2017

SPX Challenging its Cycle Top / Stock-Markets / Stock Index Trading

By: Anthony_Cherniawski

SPX is challenging its 2-hour Cycle Top at 2296.60. This move is corrective and appears to be a retracement with the added feature of filling the gap left on January 30. Wave 2 reversals often come off the Cycle Top resistance, so this is not abnormal. This is the 43rd hour from the 2300.99 top. It strongly suggests a reversal may ensue thin the current hour.

Friday, February 03, 2017

US Jobs Report Spikes Stock Market / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

Good Morning!

SPX futures are higher, taking out the 2289.14 high. The bearish count suggests another double zigzag that does not take out the 2300.99 high. A possible target may be the Cycle Top high at 2295.95.

Friday, February 03, 2017

Stock Market Very Narrowly Mixed Session / Stock-Markets / Stock Market 2017

By: Harry_Boxer

The stock market indices had a very narrowly mixed day at the end of the session, not only in price, but in underlying technicals. However, there was some volatility during the day. Initially there was a plunge down to support that held 5130 Nasdaq 100 and 2272 S&P 500. They rallied sharply, taking the Nasdaq 100 up to 5162, yesterday’s high, but fell short on the S&P 500 around 2284, which was beneath yesterday’s high of 2289. They came down midsession, bounced around into midafternoon, tried to retest, successfully did so, but then rallied back to resistance and couldn’t get through.

Friday, February 03, 2017

Why Stock Market Analysts Will be Wrong About 2017 / Stock-Markets / Stock Market 2017

By: Clif_Droke

We're already a month into New Year and there has been an ample amount of sentiment data to suggest that investors, both retail and institutional, aren't terribly enthusiastic on the stock market outlook for 2017. Granted that institutional analysts are still bullish, as per usual, but in the round table type opinion polls I've seen they've apparently lowered their expectations. Everyone seems to be preparing for a somewhat disappointing year based largely on the assumption that after eight years of a bull market, surely another major rally is out of the question.

Thursday, February 02, 2017

Stock Market More Fluctuations Following Monday's Move Down - Which Direction Next? / Stock-Markets / Stock Market 2017

By: Paul_Rejczak

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).

Our intraday outlook remains bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

Thursday, February 02, 2017

NDX Closes in Plus Column as Market has Interesting Day / Stock-Markets / Stock Market 2017

By: Harry_Boxer

The stock market indices had an interesting, volatile day. The day started out with a big gap at the opening, had a very sharp, pullback retest midmorning, then a 5-wave advance that was much stronger on the Nasdaq 100 than the S&P 500, they pulled back, bounced around, held support, and closed positive on the Nasdaq 100, but the S&P 500 closed flat on the day.

Net on the day, the Dow was up 27.86 at 19,890.87. The S&P 500 bounced off the 2272 level to 2282, and closed up just .68 at 2279.55. The Nasdaq 100 went from 5130 to 5159, and close up 35.92 at 5152.69.

Wednesday, February 01, 2017

Stock Market Retracement Retreats at the Trendline / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

SPX retraced 65% of its decline, a reasonable bounce, before retreating back toward its opening price. Filling this morning’s gap give SPX permission to decline even further. That may not happen until later this afternoon. My best analysis is that SPX may level off in a 2-hour consolidation until early afternoon. However, a decline beneath Short-term support at 2277.08 may put SPX in a position to challenge (and possibly defeat) Intermediate-term support at 2268.40.

Wednesday, February 01, 2017

Stock Market Highs Make Strong Case for Precious Metal Buys / Stock-Markets / Stock Market 2017

By: MoneyMetals

Dow 20,000 was ushered in with great fanfare. Traders on the New York Stock Exchange sported "Dow 20,000" hats. Even President Donald Trump joined the celebration.

Trump told ABC News he was "very honored" that the stock market gave his presidency a symbolic vote of confidence. "Now we have to go up, up, up. We don't want it to stay there," he said.

Wednesday, February 01, 2017

The Great Rotation - Monetary to Fiscal, Major Cycles Turning Down / Stock-Markets / Financial Markets 2017

By: Gordon_T_Long

Democratic Senator Chuck Schumer dejectedly quipped during Fed Chairman Ben Bernanke's Humphrey-Hawkins testimony before congress in July of 2012:

"I'm afraid the Fed's the only game in town!"

Now nearly five years later things may be about to change! The other two policy pillars of Fiscal and Public Policy may be reasserting themselves with a change in the White House and congressional leadership. Suddenly just the promise of potential fiscal stimulus, tax policy and claw backs of regulatory over-reach have become the lead stories on the nightly news.

Wednesday, February 01, 2017

Stock Market Long Cold Winter / Stock-Markets / Stock Market 2017

By: Ed_Carlson

It appears that equity indices have printed their highs for the post-election rally. However, that doesn't necessarily mean that the correction must begin immediately. Cycles and Lindsay analysis point to a final high closer to February 10. The correction has the potential to be fairly painful as the low is not expected until closer to March 21 and springtime. The Lindsay analysis is as follows:

Point E on 3/27/01 of an ascending middle section counts 2,901 days to the low of the multiple cycle on 3/6/09. 2,901 days later is Monday, 2/13/17.

Tuesday, January 31, 2017

Stock Market 4% Drop Ahead: Down into February 6? / Stock-Markets / Stock Market 2017

By: Brad_Gudgeon

The chart below explains why I now believe we drop down into February 6th to the 2202 SPX level.  The next few days may be choppy as we form a bear flag around the rising trend line.  SoLunar turn days ahead include Jan 31, Feb 2, Feb 4-7 and Feb 10. Mercury squares Uranus on Jan 31, and Jupiter on Feb 2.

Tuesday, January 31, 2017

Stock Market Major Inflection Point Coming / Stock-Markets / Stock Market 2017

By: John_Rubino

Fund manager John Hussman is always good for dramatic charts. Here’s a recent one:

Tuesday, January 31, 2017

Stocks Bear Market of 2017 Begins? Shorting the Dow At its Peak! / Stock-Markets / Stock Market 2017

By: Nadeem_Walayat

This is a quick heads up for what could prove turn out to be the start of the stocks bear market of 2017. Those who have followed my analysis will know that after having ridden the bull for nearly 8 years, that following the election of Trump and the resulting rally right to the very edge of Dow 20k, that I concluded early December that it was the time to start distributing stocks holdings accumulated during the life time of the of the bull market, specifically seeking to reduce my stocks portfolio holdings by at least 50% as the Trump Reset looked set to soon usher in a bleak period for stock prices for much of 2017.

Monday, January 30, 2017

Don't Count on the Great Stock Market Rotation 2017 / Stock-Markets / Stock Market 2017

By: Michael_Pento

After many false promises and one false start, it is becoming evident that 2017 will be the year the Federal Reserve finally begins down the road towards interest rate normalization. Therefore, it is likely that Ms. Yellen will cause bond yields to rise this year on the short-end of the yield curve. In addition, soaring debt and deficits, along with the lack of central bank bond-buying, should send long-term rates much higher as well.

Wall Street soothsayers, who viewed every Fed rate cut as a buying opportunity for stocks, are now busily assuring investors that the potential dramatic and protracted move higher in bond yields will be bullish for stocks as well.

Monday, January 30, 2017

Aggressive Stock Market Sell Signals / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

SPX made an 8.68 point gap down this morning and continued its decline to challenge Short-term support and the 2-hoour mid-Cycle support at 2268.22. Those that “took a chance” of that happening by going short last week may breathe a sigh of relief.

SPX has an aggressive sell signal that is not yet verified by the VIX. However, the decline is sharp and steady. Additional confirmation comes beneath the mid-cycle support.

Monday, January 30, 2017

SPX Futures Down, TNX down, USD up / Stock-Markets / Stock Market 2017

By: Anthony_Cherniawski

Good Morning!

SPX futures are down beneath the Cycle Top support and Trendline support this morning. SPX is on a countdown for a potential low on Wednesday. An extension of the decline may come, depending on the actions of the FOMC.

Monday, January 30, 2017

Stock Market Negative Expectations Following Last Week's Rally / Stock-Markets / Stock Market 2017

By: Paul_Rejczak

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).

Our intraday outlook remains bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

Monday, January 30, 2017

The Markets Will Collapse As Economic Realities Sink In / Stock-Markets / Financial Crash

By: Graham_Summers

Well the final data is in and Janet Yellen’s “hot” economy is a disaster.

The US finished 2016 with GDP growth of 1.6%.

This is flat out embarrassing. And it confirms what we have suspected all along: that the 3Q16 numbers were completely fabricated in an excel spreadsheet for political purposes.

Monday, January 30, 2017

Stock Market SPX 1810 Low Projection Met / Stock-Markets / Stock Market 2017

By: Andre_Gratian

Current Position of the Market

SPX Long-term trend: If the market strength persists, the long-term trend may need to be re-evaluated.

SPX Intermediate trend: SPX intermediate P&F count to 2300 has been reached. A reversal should now occur.

Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.