Category: Stock Markets 2014
The analysis published under this category are as follows.Tuesday, March 11, 2014
Stock Market SPX Pop-N-Drop Appears Likely / Stock-Markets / Stock Markets 2014
After a flat overnight market, the SPX is bid higher in the Pre-market. It appears that a Minor C or Minute Wave [c] is in progress, with Waves 1-2-3-4 complete. My Model suggests resistance at 1880.63, so we could see a challenge of that before the final probe is over. The outer limit, if my analysis is correct, is 1883.00, which appears to be a very close call to the top made last Friday morning.
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Monday, March 10, 2014
Aggressive Stock Market Sell Signals Abound / Stock-Markets / Stock Markets 2014
I just came back from juror orientation and will be on call the rest of this week. I will let you know when I get called later this week.
The NYHL broke down beneath its prior low and beneath mid-Cycle support at 194.91. This gives us a tentative sell signal, since we must see whether the signal remains at the close.
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Monday, March 10, 2014
Stock Markets Short-Term Uncertainty As Indexes Fluctuate Near Record Highs / Stock-Markets / Stock Markets 2014
Our intraday outlook is neutral, and our short-term outlook is neutral:
Intraday (next 24 hours) outlook: neutral
Short-term (next 1-2 weeks) outlook: neutral
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish
Monday, March 10, 2014
Stocks Bull Market Continues / Stock-Markets / Stock Markets 2014
The week started with Russia flexing its military muscle in the Ukraine, and the market sold off to SPX 1834 by Monday noon. After the event was temporarily neutralized the market recovered, and made all time new highs every day thereafter. For the week the SPX/DOW were +0.90%, the NDX/NAZ were +0.45, and the DJ World index rose 0.40%. Economic reports for the week finally turned positive, with positive reports outpacing negatives ones 10 to 7. On the uptick: personal income/spending, PCE prices, ISM manufacturing, construction spending, monthly payrolls, the MIS, monetary base, the WLEI, plus weekly jobless claims improved. On the downtick: monthly auto sales, the ADP, ISM services, factory orders, consumer credit, plus the unemployment rate and trade deficit nudged higher. Next week we have Retail sales, Business/Wholesale inventories and the PPI.
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Monday, March 10, 2014
Stock Market Indicators Increase Their Warning Of A Reversal / Stock-Markets / Stock Markets 2014
Current Position of the Market
SPX: Very Long-term trend - The very-long-term cycles are in their down phases, and if they make their lows when expected (after this bull market is over), there will be another steep decline into late 2014. However, the Fed policy of keeping interest rates low has severely curtailed the full downward pressure potential of the 40-yr and 120-yr cycles.
Intermediate trend - New uptrend still in doubt.
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 discusses the course of longer market trends.
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Sunday, March 09, 2014
Stock Market Squeaks Out Another Record High / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short: Before the market opened, the headline Nonfarm Jobs in the February employment report came in better than expected. The S&P 500 rallied briefly at the open, hitting its all-time intraday high, up a modest 0.35%, in the first five minutes of trading. The index then retreated to its similarly modest -0.34% intraday low in the late morning. It spent the rest of the day in a fairly narrow trading range and managed to rise above yesterday’s close in the final minutes to squeak out another record high, up 0.05%. The 500 rose an even one percent for the week.
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Saturday, March 08, 2014
How the Ukraine/Russia Situation Is Misleading Stock Investors / Stock-Markets / Stock Markets 2014
Sasha Cekerevac writes: Sometimes, what seems obvious on the surface isn’t necessarily the best way of looking at a situation. The recent crisis between Ukraine and Russia is a perfect example.
A very basic fundamental analysis of the situation would lead one to conclude that if hostilities were to break out, one of the results would be a disruption to the oil and natural gas supplied to Europe. This makes sense, since many pipelines and oil/gas fields are located in Ukraine and Russia.
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Saturday, March 08, 2014
Elevating Stock Markets: Signal of Reviving Bank Lending? / Stock-Markets / Stock Markets 2014
Earlier this week Bill Gross who runs Pimco’s bond fund made a conditional case <http://www.pimco.com/EN/Insights/Pages/The-Second-Coming.aspx> for investing in high-yielding bonds, even though on first cut the yield benefit appears insufficient to justify the extra risk. Put bluntly, he suggests that investing in bonds issued by insolvent Eurozone governments or second-rank corporate borrowers could be profitable. Mr Gross is following some other smart and usually sceptical fund managers in appearing to throw in the towel against persistently low bond yields and equity markets that defy gravity. He is unlikely to take this stance without good reasons.
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Friday, March 07, 2014
Stock Market Top - 2014 The Year of Gold, Silver and Commodities / Stock-Markets / Stock Markets 2014
Trader MC writes: Charts are telling me that 2014 should be a great year for Commodities and Miners and I expect a period of financial market turmoil for the US Market. I believe that we are very close to an important corrective move as the Market is due to top in March 2014. The Rhythm of the Dow Jones Index is telling me that a major top could already have been printed:
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Friday, March 07, 2014
Another Stock Market Record High / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short: Before the market opened, the weekly unemployment report came in better than expected, although the reporting of new claims has skewed in both directions by weather (e.g., my home state). The S&P 500 rallied at the open and hit its morning high 30 minutes later — one that it would beat by a tenth of a point during the noon hour, up 0.43%. The index traded lower in the afternoon and closed with a trimmed gain of 0.17%, but that’s another record high.
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Thursday, March 06, 2014
The Stock Market’s New Normal: A Wall of Worry / Stock-Markets / Stock Markets 2014
While I realize that fundamentals are important to investment success I also appreciate the relevance of technical analysis in gauging investor sentiment and in timing entry and exit points.From the technical point of view the market is in a strong bull trend and would appear to be poised to reach new highs. However, when I research into the fundamental reason behind this strength I find little to support it other than the actions of the FED. To explain what I mean I attach 5 charts from two different sources. They outline real underlying weakness. Thus while I am fully invested in equities at the moment I have hard sell stops in place and I am prepared to quickly and solidly go short should my key technical positions break-down on high volume.
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Thursday, March 06, 2014
Stock Market Quiet Day..... / Stock-Markets / Stock Markets 2014
The bulls will take a quiet day after yesterday's big move up. There were some bad economic reports this morning, especially on the services side of the economy, barely holding above the flat line that separates growth and recession. The market is just not seeing the type of economic growth one would have expected by now when you consider the measures taken over the past few years by the Fed. One can only imagine how bad things would be if they hadn't done anything. The good news for the market is the Fed Yellen won't be raising rates any time soon. They are also unlikely to pull all the liquidity out of the system any time in the near future. That may be slowed down for a while.
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Wednesday, March 05, 2014
Fears Settle And Stocks Soar! / Stock-Markets / Stock Markets 2014
Joshua Rodriguez writes: Over the recent past, we’ve watched as tensions escalated between Russia and the Ukraine. As tensions rose, we watched stocks plummet. However, the day was saved Tuesday as tensions between the Ukraine and Russia finally eased. Tuesday brought great news for investors as the DOW soared 228 points or 1.4%. That’s the biggest gain the DOW has seen all year! The DOW wasn’t the only market to enjoy the frenzy either. Nasdaq had a gain of almost 1.8% while S&P 500 hit record highs.
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Wednesday, March 05, 2014
Ukraine Fears Were a Stock Market Buying Opportunity / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short: Today, as far as the world markets were concerned, the Crisis in Ukraine evaporated, and yesterday’s anxieties, in retrospect, were a buying opportunity. The EURO STOXX 50, which plunged 3.02% on Monday, rose 3.02% today. The S&P 500 surged at the opening bell and drifted to its 1.65% intraday high about 15 minutes before the close. A bit of selling trimmed the gain for the day to 1.53%, the biggest one-day advance for the index since December 18th. And of course today’s close set another record high.
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Tuesday, March 04, 2014
Stock Market QE - And the Band Plays On / Stock-Markets / Stock Markets 2014
Quantitative Easing (QE) is no longer a surprise, but the fact that it's continued for so long is. Like many Miller’s Money readers, I believe the government cannot continue to pay its bills by having the Federal Reserve buy debt with newly created money forever. This has gone on much longer than I'd have ever dreamed possible.
Unemployment numbers dropped in December and the Federal Reserve tapered their money creation from $85 billion to $75 billion per month. Why did the unemployment rate drop? Primarily because people whose benefits have expired are no longer considered unemployed. The government classifies them as merely discouraged, but the fact remains that they don't have jobs.
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Tuesday, March 04, 2014
Political Gamesmanship Allows the Stock Market to Morph / Stock-Markets / Stock Markets 2014
A political chess game is being played between Putin and the West. Of course, this has sent the futures soaring, but not to new highs…yet. Of course nothing has changed on the ground in the Ukraine.
This gamesmanship has the ability to change the pattern of the markets, as well. Not everyone is confident that the Russians are really backing down. If the market fails to make a new high, then the pattern on the chart will be the correct one.
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Tuesday, March 04, 2014
Stock Market Rally Pauses as Markets Watch the Crisis in Ukraine / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short: Today’s major economic news, the Personal Income and Outlays for January and ISM Manufacturing, was of little interest to the market, which was exclusively focused on the crisis in Ukraine. Before the US markets opened, most Asian indexes had closed lower, and the selloff in Europe was worse. The EURO STOXX 50 index subsequently closed with a 3.02% loss. The S&P 500 opened lower and sold off to its -1.35% intraday low at lunchtime. Some buying during the afternoon trimmed the closing loss to 0.74%.
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Tuesday, March 04, 2014
Russia Stock Market Excuse To Sell..... / Stock-Markets / Stock Markets 2014
Mr. Putin has taken some aggressive action moving into the Ukraine. It seems highly unlikely he'll do too much since he's getting tremendous political global pressure. But the very fact that he's taken action is a built in excuse for the market to sell based on sentiment. If sentiment wasn't an issue we would likely have gone green today. Markets don't take these issues too seriously when it seems doubtful it will escalate into anything too serious. Of course, if the market thought it could become something uglier it wouldn't matter what type of market we're in right now. It would sell, but that doesn't seem to be the case here. The market could definitely use a pause in the action. That said, you don't get bearish just because we need something. You don't know when that issue of removing too much bullish behavior will take place.
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Monday, March 03, 2014
Stocks to Gap Down at the Open / Stock-Markets / Stock Markets 2014
The early morning futures declined to the upper trendline of the Bearish Wedge and Short-0term support at 1841.00. It is currently hovering at 1846.00 (cash) and is likely to continue its decline after the open.
Crossing the trendline would give the SPX sell signal sometime this morning.
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Monday, March 03, 2014
Was Friday a Stock Market Reversal Signal? / Stock-Markets / Stock Markets 2014
Current Position of the Market
SPX: Very Long-term trend - The very-long-term cycles are in their down phases, and if they make their lows when expected (after this bull market is over), there will be another steep decline into late 2014. However, the Fed policy of keeping interest rates low has severely curtailed the full downward pressure potential of the 40-yr and 120-yr cycles.
Intermediate trend - New uptrend still in doubt
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