Category: Stock Markets 2015
The analysis published under this category are as follows.Wednesday, December 09, 2015
Stock Market Panic Decline May Have Begun / Stock-Markets / Stock Markets 2015
We didn’t have long to wait for the sell signal. At 2058.00. The interesting part is that the 50-day Moving Average is now at 2051.80.
The Orthodox Broadening Top trendline is at 2045.00 and the 2-hour Cycle Bottom is at 2042.45, which have also been violated. Beneath that is a lot of air, which strongly suggests a panic decline.
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Wednesday, December 09, 2015
Stock Market Testing the Limits of the Diamond Formation / Stock-Markets / Stock Markets 2015
SPX bounced from the lower trendline of its Diamond formation at 2056.00 this morning and is probing the 2-hour mid-Cycle resistance and the upper trendline at 2080.00. So far, the peak appears to be 2080.33, but it doesn’t appear to have broken the trendline. The top view is that the probe may be over and we may see a break at the bottom trendline soon. The trendline is now at 2058.00. While the Diamond formation has its own sell signal at 2058.00, the “official” sell signal is still at the 200day Moving Average at 2065.00.
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Wednesday, December 09, 2015
SPX May Have a Diamond Formation / Stock-Markets / Stock Markets 2015
It appears that SPX is forming a Diamond formation that implies at least a 205 decline from the lower trendline. The Diamond trendline may be broken at 2056.00. Tomorrow is the next Pivot day, so I would anticipate the formation to be triggered then.
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Tuesday, December 08, 2015
SPX challenging the 200-day Moving Average / Stock-Markets / Stock Markets 2015
The SPX Premarket is down approximately 1% and appears to be resting just above the 200-day Moving Average at 2064.60.
The catalyst may be China. ZeroHedge reports, “Over the weekend, in its latest quarterly presentation, the Bank of International Settlements made what may have been a very premature assessment that China is now contained. To wit:
In October, equity markets staged a remarkable recovery, recording their strongest one-month gain in recent years. Market nerves were partly calmed by receding fears over tail risk in China. The improvement was broad-based. European and American stocks recouped nearly all losses experienced in the third quarter, while China’s stocks also made up some lost ground
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Tuesday, December 08, 2015
Stock Market Reversing Lower....Range Bound....2020 and 2116 Is The Game / Stock-Markets / Stock Markets 2015
Just when it felt as if all was good with Friday's big upside stick things turned right around today and headed lower with force. Not as bad as Friday was good, but a nasty reversal. More importantly, it stopped the big move up dead in its tracks. No follow-through, which is what you get in an ending bull market. But again, that still doesn't mean we won't try higher again and again for weeks or months to come. It's just that this is the type of action you see near long-term tops. Lots of head fakes both ways. No one thought we wouldn't follow through today, or at worst, pull back gently to work off some overbought, sixty-minute, index-stochastic readings. The mood wasn't one that was about getting smoked after such perfect candle sticks on Friday, but the bulls were dealt a technical blow today with the gap down and run.
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Monday, December 07, 2015
Stock Market Santa Rally 2015 to New All Time Highs - Video / Stock-Markets / Stock Markets 2015
It's Déjà Vu for the stock market following another bumper US Jobs report of +211k that beat the academic economist average expectations of 180k that follows hot on the heels of the November US Jobs positive surprise that once more prompted the consensus to quickly conclude that a Fed December US interest rate hike was a near certainty and likely to result in strongly negative consequences for stocks.
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Monday, December 07, 2015
Stock Market Sell Signals Developing... / Stock-Markets / Stock Markets 2015
SPX has declined through Short-term support, 2-hour mid-Cycle support and hourly mid-Cycle support to give it a sell signal again. Further confirmation may come beneath the 200-day Moving Average at 2064.56.
My new Wave count appears not to be valid. This market has whip-sawed the best and I am not exempt. However, the support/resistance levels still play an important role in determining the market direction.
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Monday, December 07, 2015
Nasdaq and NYSE Index Pointing to Higher Market Prices for 2016 / Stock-Markets / Stock Markets 2015
"Don't ever take a fence down until you know why it was put up." ~ Robert Frost
We have seen the same song sung over and over again by the Doctors of Doom; the markets are going to crash, the world is going to come to an end, or some other pretentious title. Let's cut to the chase, the markets are not going to crash; they could experience a strong correction at some future date but that would just present you with another opportunity to buy quality stocks. Could the markets crash? That is a possibility, but you could kick the bucket before the event plays out the way the naysayers have envisioned. In fact, one could go as far as to state that there has never been a real market crash in the true sense of the word and that every so-called crash event was nothing but a buying opportunity in disguise. Crash or correction is a matter of perspective and that perspective depends on where you boarded the train; if you got in towards the end of the ride, then it will certainly feel like a crash. We will examine this concept in more detail in a follow-up article.
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Monday, December 07, 2015
The NYA Index is in a Triangular Pattern ... Very Close to a Breakout / Stock-Markets / Stock Markets 2015
A money battle is going on as Inflowing Liquidity levels are trying to keep the market up and Institutional Investors are resisting by staying in low Distribution and not taking Inflowing Liquidity's direction yet.
This should be a volatile week with higher than normal risk levels.
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Monday, December 07, 2015
Stocks Retraced Thursday's Decline - New Rally or More Sideways Action? / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140 and profit target at 1,990, S&P 500 index)
Our intraday outlook is bearish, and our short-term outlook is bearish:
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Monday, December 07, 2015
Will The Fed Hurt The S&P 500? / Stock-Markets / Stock Markets 2015
Stock markets have had a very interesting year in 2015, and many investors have viewed some of the activity with a high degree of skepticism and uncertainty. There are good reasons for this, as it has been very difficult to assess whether or not the US Federal Reserve is actually prepared to start raising interest rates. Without solid information in this area, it can be difficult to start identify the true directional trend that is present in the market. Luckily for investors, these scenarios have started to change.
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Monday, December 07, 2015
Shaking the Stock Market Bush / Stock-Markets / Stock Markets 2015
First I would like to apologize for not having any posts on Friday as I had a previous commitment made several weeks ago. I told Fullgoldcrown Thursday night, of all the days to miss work it would have to be Friday. That’s one of the reasons I exited the stock market trades as I know how volatile these 3 X etf’s can be and with the numbers coming out Friday morning I wanted to play it safe right or wrong.
All in all we had some pretty interesting price action in the stock markets on Friday that was very positive. Lets start by looking at the INDU which I’ve been showing a H&S consolidation pattern forming. Thursday’s the price action closed below the 200 dma which is another reason I exited the stock market trades but Friday’s rally closed the day just below of the neckline and back above the 200 dma. What I find interesting is Thursday’s low was a reverse symmetry low taken from the left shoulder’s higher low on the far left hand side of the chart that matches the higher right shoulder low on the right side of the chart, Friday’s price action. We now have two neckline symmetry lines. The neckline symmetry lines are just parallel lines taken from the big neckline that sometimes shows us where to look for the lows for the right shoulders. So at this point the reverse symmetry is as pretty as it gets as shown by the S’s.
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Monday, December 07, 2015
Wild Week for the Stock Market / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - SPX has resumed its uptrend in order to complete the last phase of the bull market.
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.
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Sunday, December 06, 2015
Stock Market Déjà Vu, Santa Rally New All Time High Forecast After FOMC Meeting / Stock-Markets / Stock Markets 2015
It's Déjà Vu for the stock market following another bumper US Jobs report of +211k that beat the academic economist average expectations of 180k that follows hot on the heels of the November US Jobs positive surprise that once more prompted the consensus to quickly conclude that a Fed December US interest rate hike was a near certainty and likely to result in strongly negative consequences for stocks. However, this is the same consensus that has been blindly betting against the stock market rally for at least the past 3 months.
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Sunday, December 06, 2015
Erdogan Blackmails NATO Allies / Stock-Markets / Stock Markets 2015
You know the country has really gone to the dogs when Washington’s main allies in its war on Syria are the two biggest terrorist incubators on the planet. I’m talking about Saudi Arabia and Turkey, both of which are run by fanatical Islamic zealots devoted to spreading violent jihad to the four corners of the earth. Not that the US doesn’t have blood on its hands too. It does, but that’s beside the point.
The point is that if you’re trying to sell your fake war on terror to the public, then you might want to think twice about lining up with Grand Sultan Erdogan and King Chop-Chop of Riyadh. The optics alone should have sent the White House PR team running for cover. I mean, couldn’t they have hired squeaky-clean Iceland to join the fray just to persuade the public that the ongoing proxy war wasn’t a complete sham. Which it is.
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Sunday, December 06, 2015
More Wild Swings Ahead For Stock and Gold Markets? / Stock-Markets / Stock Markets 2015
Last week saw the SPX drop more than I thought it would (Dec 3 has been on my radar for a couple of weeks, the 7 week low) on the Drahgi speech that strengthened the Euro vs. the Dollar causing gold to spike. The short euro/$ pair was too heavily tilted in that direction causing a reverse of positions.
The stock market's "come back" on Friday did not surprise me, however, gold's strong spike caught me off guard. The recent action in GDX has been corrective, but in E-wave terms it is turning out to be a 'rare' running correction. I have been looking for a gold low on December 2nd, but this kind of move off a bottom is rare.
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Saturday, December 05, 2015
Stock Market Primary V Inflection Point / Stock-Markets / Stock Markets 2015
A wild week! The market started off the week at SPX 2090. After a tick up to SPX 2094 Monday morning the market pulled back to 2080 by the close. Tuesday we had a gap up to SPX 2099, a drop to 2087, then a rally to end the day at 2103. Wednesday the market ticked up to SPX 2104, then started to sell off. On Thursday the selloff hit a low of SPX 2042, and then the market rallied into a Friday high of 2094 before ending the week at 2092. For the week the SPX/DOW were +0.20%, the NDX/NAZ were +0.55%, and the DJ World index was down 0.40%. Economic reports for the week were mostly negative. On the uptick: construction spending, factory orders, the WLEI and the ADP. On the downtick: the Chicago PMI, ISM manufacturing/services, monthly payrolls, the GNP, plus the trade deficit and weekly jobless claims rose. Next week will be highlighted by Retail sales, Export/Import prices and the PPI.
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Saturday, December 05, 2015
Stock Market Bouncing Right Back.... / Stock-Markets / Stock Markets 2015
And why not. Just when it looked really bad, with another test of 2020 on the S&P 500 looming, the bulls took an oversold, sixty-minute, index-charts scenario and turned it into their own little rally party. It was quite a good rally as well. Much stronger than anyone should have expected, considering the nature of the selling the past couple of days. The oscillators looked bad, along with price losing major exponential moving averages. The market was set up for further losses. Not to be whatsoever. The bulls had a decent Jobs Report, which allowed the futures to move way up. However, just before the market opened most of those gains were wiped out. Now, with the sixty-minute charts in the low 20's on RSI, it was clear we'd rally some to unwind, even though all the pre-market gains were gone for the most part.
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Friday, December 04, 2015
SPX An Expanded Flat Correction at 61.8% / Stock-Markets / Stock Markets 2015
Unless I am mistaken, we have just witnessed an Expanded Flat Wave [ii] just a point shy of a 61.8% retracement. The labeling would be too fine for the hourly chart, so I am simplifying it to a [i] – [ii] count. The reversal may take hold after the European close at 11:30 am.
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Friday, December 04, 2015
Stock Market and the FOMC Meeting / Stock-Markets / Stock Markets 2015
I expect the Fed is going to make a big effort to push the market back up in time for the FOMC meeting on the 16th, but the forces trying to pull stocks down right now are massive. There are times when its just best to sit on the sidelines.
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