Category: Stock Markets 2015
The analysis published under this category are as follows.Wednesday, March 25, 2015
Stock Market Decline Gaining Momentum / Stock-Markets / Stock Markets 2015
It appears that my forecast of a drop to the 50-day was correct, but in a way that I had not imagined. All the red skid marks (excuse me, red candles) that you see may be a running correction where each successive zigzag had a lower top and a lower bottom. It is likely that the first hourly candle this morning was a sub-Micro Wave c of a sub-Minute Wave (ii). We may see a brief bounce at Short-term support at 2076.91, but the real target is the 50-day Moving Average at 2065.83, where a sub-Minute Wave (iii) may put in a low.
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Wednesday, March 25, 2015
Carefully Watch The Stock Market NYA Index / Stock-Markets / Stock Markets 2015
While the other indexes are typically showing levels above their resistance line, the NYA index is still below its resistance.
Is there a problem with that?
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Wednesday, March 25, 2015
Can The FTSE 100 Sustain Its Elevated Levels? / Stock-Markets / Stock Markets 2015
The FTSE 100 is continuing to push forward with its historic bull run and markets are now clearly set on overcoming the closely watch 7,000 mark. It is never surprising to see this much attention spent on moves in a major stock index to surpass a significantly psychological round figure like this but the real question for investors is in whether or not these latest moves will be sustainable over the long-term. On the supportive side is the fact that consumer inflation levels in the UK have dropped to zero. This is a factor that is likely to prove to be important given the elevated inflation levels the region has experienced for most of the last decade.
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Tuesday, March 24, 2015
Stock Market NYSE Hi-Lo Index Aggressive Sell Signal / Stock-Markets / Stock Markets 2015
The NYSE Hi-Lo index is on an aggressive sell signal. I would like to see it remain beneath the 50-day moving Average at 130.08 by the end of the day. The prior low on March 20 was 37, so this morning’s 33.00 low constitutes a breakdown.
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Tuesday, March 24, 2015
Stock Market Three Peaks/ Domed House Part III / Stock-Markets / Stock Markets 2015
As the Dow appears to be sketching out the Cupola of a Three Peaks/Domed House formation I thought this would be a good time to focus on that chapter of the book I am currently working on (The Complete Technical Analysis of George Lindsay: A Unified Theory of the American Equity Market – due in 2016). While that chapter is far from complete I have stumbled across an observation which will be new to the Lindsay corpus.
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Tuesday, March 24, 2015
Stock Market Reversal May Have Begun / Stock-Markets / Stock Markets 2015
SPX declined just ticks below its Broadening Wedge trendline. This would be considered the official crash trigger, although most would wait until it crossed beneath the 50-day Moving Average at 2064.31. Considering that the Ending Diagonal already projects a decline beneath that level, it would not be out of the question to take an aggressive short position.
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Tuesday, March 24, 2015
Stock Market Grinding At The Old Highs.....Nasdaq Nasty Daily Negative Divergence... / Stock-Markets / Stock Markets 2015
As the S&P 500 grinds its way to the old highs we're now seeing a true negative divergence on the Nasdaq daily chart. It doesn't have to play out, but it's there and needs to be respected as yet another headache that's hanging over this market, along with froth and terrible looking monthly-index charts. The market seems to be adding up problems yet it still hasn't broken. The power of the fed ever present in the minds of the traders out there. They seem to worry about nothing, no matter how bad the problem may be. The S&P 500 and Dow have the potential to flash negative divergences if they get up to their old highs.
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Monday, March 23, 2015
Is Stock Market Minor Top Taking Hold? / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - Is the 7-yr cycle sketching an intermediate top?
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. They are important adjuncts to the analysis of daily and weekly charts which ultimately indicate the course of longer market trends.
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Monday, March 23, 2015
What Stock Market Bears Don’t Understand / Stock-Markets / Stock Markets 2015
Alexander Green writes: At the Investment U Conference in St. Petersburg, Florida, last week, I argued that “The Great Enrichment” has created a Golden Age for investors.
To briefly summarize my case, economic freedom - as measured by the Heritage Foundation’s Index of Economic Freedom - is increasing worldwide. Interest rates are at historic lows. Inflation is negligible. Job creation is the strongest in 20 years. The U.S. economy is improving. The annual budget deficit is coming down. Energy prices have more than halved in the last eight months. Technological innovation is accelerating. The dollar just hit a 12-year high against the euro and an eight-year high against the yen. U.S. household net worth is near an all-time high. So are corporate profits. And so are profit margins.
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Monday, March 23, 2015
Today is a Stock Market Cycle Turn Day / Stock-Markets / Stock Markets 2015
Good Morning!
My earlier forecast of a low on the 13th and a high on the 23rd seems to be prescient. This has been a rather shallow decline and a very sharp rally, but the SPX has managed to become overbought again without breaking new highs. This leaves the vast majority of investors in a very casual mood about the dangers of a decline
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Monday, March 23, 2015
Stock Market Slightly Negative Expectations Following Last Week's Rally / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook is now neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): bullish
Sunday, March 22, 2015
Strategy to Profit Before the Markets Head South / Stock-Markets / Stock Markets 2015
Michael E. Lewitt writes: For the last six months, I have been warning that economic growth is faltering. In November of last year, I predicted that the U.S. economy would experience a "growth scare" in 2015.
This week, we learned that the Atlanta Fed is tracking first quarter GDP growth at a mere 0.3% and that the Federal Reserve's Open Market Committee (FOMC) has significantly downgraded its growth forecast.
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Sunday, March 22, 2015
Stocks Bull Market Continues / Stock-Markets / Stock Markets 2015
The market started the week at SPX 2053. On Monday the market gapped up and hit SPX 2083. Then after two gap down openings the market pulled back to SPX 2061 by Wednesday, before the FOMC statement. After a strong Wednesday afternoon rally, the market gapped down on Thursday, but rose into a Friday high of SPX 2114. For the week the SPX/DOW gained 2.40%, the NDX/NAZ gained 3.25%, and the DJ World index gained 3.25%. On the economic front reports continue to come in slightly negative. On the uptick: industrial production, building permits, leading indicators, the WLEI and the monetary base. On the downtick: the NY/Philly FED, capacity utilization, the NAHB, housing starts, current account deficit, and weekly jobless claims. Next week we get updates on Q4 GDP, the CPI and more Housing reports.
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Saturday, March 21, 2015
Stock Market Keeps It Up...... / Stock-Markets / Stock Markets 2015
Last week there was tremendous anticipation coming in to this week about what Fed Yellen would say regarding interest rates. Wednesday of this week couldn't come soon enough, so folks could finally, once and for all, fully understand the short-term, if not longer-term, intentions of the Ms. Yellen. What words would she remove? What words would she add, and so on? The market fell some ahead of the report on Wednesday, and it was not doing well on Wednesday, until two o'clock in the afternoon when she came out and told everyone exactly what I thought she'd say. That she's putting off raising interest rates short term. She said that too many of the economic reports coming in just weren't solid enough to allow for a rate hike cycle of any kind to begin, even if it was a super slow one.
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Friday, March 20, 2015
Stock Market VIX Extends its Master Cycle Low / Stock-Markets / Stock Markets 2015
VIX made a new Master Cycle low today, rather late in the Cycle. I originally indicated it had bottomed in February. The EW pattern was correct, but at a lower degree. This is one of the pitfalls of Elliott Wave analysis in a correction and Waves B and E are especially roguish.
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Thursday, March 19, 2015
Stocks Got Close To All-Time Highs Following Fed's Decision Release / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook is now neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): bullish
Wednesday, March 18, 2015
Is a Stock Market Crash Imminent? / Stock-Markets / Stock Markets 2015
David Eifrig writes: Last month, I attended the World Money Show in Orlando...
The Gaylord Palms Resort & Convention Center was jam-packed with attendees interested in new ideas to make money. But the mood wasn't pure revelry. I sensed that the audience was mainly worried about when the bull market will end and a bear market will begin.
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Wednesday, March 18, 2015
NASDAQ and S&P 500 in Sync with Sept/October Drop / Stock-Markets / Stock Markets 2015
The charts below of the QQQ (NASDAQ 100 ETF proxy) and the S&P 500 show that the US stock markets are almost entirely in sync with the September 19-October 15, 2014 drop. The main difference is that they are tracking at a slightly lesser rate of 94.9% of the former drop.
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Tuesday, March 17, 2015
Stock Market Three Peaks/Domed House Part II / Stock-Markets / Stock Markets 2015
In his 1969 brochure One Year Later: A follow-up of the Three Peaks and Domed House George Lindsay wrote that the pattern lasts roughly 2 years and 2 months from the beginning to the end of a bull market. Looking back over the 29 occurrences of the pattern in the Dow (since 1901) it can be seen that the pattern lasted significantly longer than that on just five occasions. Those bull markets that ended in 1961, 1966, 1981, 1987, and the current bull market, all endured for more than three years and concluded a Three Peaks/Domed House pattern.
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Tuesday, March 17, 2015
Stock Market Keeps Them Guessing..... / Stock-Markets / Stock Markets 2015
Just when it seemed the market would finally get a strong pullback to get rid of all this froth, it did an about face and rallies hard. Four nice gap downs to make the environment unhealthy, only to see two strong gap ups. Leaves them all guessing, and, of course, that is the intention of the big money. To always leave them guessing and getting emotional. The odds of this move would have seemed almost impossible considering the look of the monthly-index charts, which are basically deathly looking if you're bullish. That said, nothing comes easily for the bears in a bull market. We've discussed this quite frequently. Even if we're topping, the process is very slow, and can take many months.
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