Category: Stock Markets 2016
The analysis published under this category are as follows.
Monday, September 26, 2016
Stock Market New All Time Highs Next / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
The week started at SPX 2139. The market rallied, after a gap up opening, to SPX 2154 on Monday. Then after the opening gap was closed on Monday the market finished unchanged. This sequence continued on Tuesday: gap up opening- close gap. On Wednesday another gap up opening-close gap sequence occurred, but during the FOMC statement/press conference the market rallied. The rallied continued to SPX 2180 on Thursday after another gap up opening, then pulled back to 2164 on Friday. For the week the SPX/DOW gained 1.4%, and the NDX/NAZ gained 1.4%. Economic reports for the week were sparse and mostly negative. On the downtick: housing starts, building permits, existing home sales, leading indicators and the Q3 GDP estimate. On the uptick: the NAHB, FHFA and weekly jobless claims improved. Next week’s reports will be highlighted by Q2 GDP, the PCE and the Chicago PMI. Best to your week!
Sunday, September 25, 2016
Stock Market More Correction Likely / Stock-Markets / Stock Markets 2016
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: The long-term trend is up but weakening. Potential final phase of bull market.
SPX Intermediate trend: The uptrend from 1810 continues, but it has entered a corrective phase.
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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Saturday, September 24, 2016
Stock Market Unwinding....Still Nowhere Big Picture... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
70 RSI is as 70 RSI does. Sure, you can go well above. I understand that, but yesterday most of the key index charts hit 70 RSI on the short-term, sixty-minute charts. Normally you pull back from there and today was no different. The market gapped down a little bit and spent the day below the flat line. Nothing dramatic, but it did succeed in allowing the overbought oscillators to begin and unwinding process, which, of course, many will question as to whether we've seen the ultimate top. Probably not, but you never know. Markets sell when they get too overbought to allow for more energy on the next attempted move higher. This seems to be no different.
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Saturday, September 24, 2016
Stock Market Clear and Present Danger! / Stock-Markets / Stock Markets 2016
By: Chris_Vermeulen
The cycle since 2009 has been different from other market cycles, throughout history, in only one significant manner. That having been said, it is the Global Central Banks that have intentionally pushed interest rates to zero and below. This encouraged investors to speculate in the equity markets which have now become ‘dangerously overvalued, overbought, as well as ‘over bullish’ extremes according to all measures. In my opinion, this has “deferred” and not eliminated the disruptive unwinding of this “speculative” episode.
Friday, September 23, 2016
Positive Stock Market Session Ends with Strong Finish / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The markets had a strong day on Thursday, with a gap up, run up, consolidation, they pulled back, held, and started back up near the end of the session. Many of our stocks did very well. We have quite a few to go over, so let’s get started.
Clovis Oncology Inc (CLVS) had a nice day, up 2.68, or 7.5%, to 38.36, on 6.5 million shares traded. You can see that it’s into the gap, and my target half way through the gap is as high as 47, but let it get through 40 first. I do believe this stock has room to extend. It has 3.5 days to cover.
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Friday, September 23, 2016
Possible Stock Market Aggressive Sell for the Brave / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
SPX made its high at 10:35 am. Although it has not gone higher, it has only taken baby steps lower, so it may not be “out of the woods,” yet. As noted earlier, it has achieved at least one Wave relationship, but has not filled the gap.
I cannot give an “all clear” for conservative investors, since the SPX has not declined back beneath its 50-day Moving Average and the NYSE Hi-Lo Index went considerably higher today. However, those who are aggressive may consider at least a partial position today.
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Thursday, September 22, 2016
What's Keeping the Stock Market Up? / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
There appears to be some unfinished business in the NDX. It appears that the Cycle Top may be challenged yet one more time before reversing down. From there, it should sync up with the SPX in their declines.
Wave 5 = 1 and [v] = [i] at 4903.00 or slightly higher, but Cycle Top resistance is strong. In addition, Wave (C) equals Wave (A) at 4865, so the Wave relationships may limit the upside. Whether it goes all the way is to be determined, but it appears that NDX will be having an influence on the markets until it is finished.
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Thursday, September 22, 2016
Lemmings Only Function in The Stock Market is to Serve as Cannon Fodder / Stock-Markets / Stock Markets 2016
By: Sol_Palha
"A genius can't be forced; nor can you make an ape an alderman." ~ Thomas Somerville
From the Tulip bubble to the financial meltdown of 2008, the theme has been the same. The masses never learn, they always cry foul on the way down but gurgle with joy on the way up. In other words, when they are making money, they are okay with the risk, but when they start to lose, they scream bloody murder.
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Thursday, September 22, 2016
Stock Market Sentiment Improves Following Fed's Rate Decision, Will The Uptrend Continue? / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is 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, September 22, 2016
Spectacularly Higher Day as NDX Makes New 15-Year Highs / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market had a very volatile session today. First they gapped up and ran to resistance, rolled over hard to test support, and after the FOMC, bounced, and then exploded. They then pulled back sharply and held, and then went ballistic in the last couple hours, then went vertical at that point, going from 4810 Nasdaq 100, all the way up to 4859, a 49 run up. The S&P 500 went from 2144 to 2165, and closed not far off the highs.
Net on the day, the Dow was up 163.74 at 18,293.70, 14 points off the high. The S&P 500 was up 23.36 at 2163.12, just 2 points off its high. The Nasdaq 100 had a strong day, up 48.53 at 4853.75, 5 points off its high.
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Wednesday, September 21, 2016
Three Charts Every Stock Market Investor Needs to See Now / Stock-Markets / Stock Markets 2016
By: Graham_Summers
The markets are in waiting mode as the Bank of Japan and Federal Reserve meet this week.
However, smarter markets than stocks are already adjusting to a weak global economy. Oil, which lead the S&P 500 to the upside from the February bottom is now rolling over sharply.
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Wednesday, September 21, 2016
Stock Market Cycle Dates have been Modified / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
After researching the Leading Diagonal [Wave (1)], I have concluded that it may not be considered corrective at all. That means the September 9 decline may have been the start of Wave (3).
More importantly, a closer examination of the Cycles Model strongly suggests that Wave (3) may have begun on September 9. The Brexit low appeared to be important, but it was not an Elliott Wave (4), as many would believe. It did not even register on the Hi-Lo Index. As a result, I cannot label it as an important Cyclical low, although its is an important part of the Orthodox Broadening Top.
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Tuesday, September 20, 2016
Stock Market Waiting On Wednesday..... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
Boring. Simple as that. The market is boring. It whips about, but goes nowhere in the end. That's because the market wants to always go higher in the new fed environment, but because the economy is worsening it's having more resistance from the bears. In the end, we go nowhere. It is what it is. The global economy is mirroring our economy here at home. Both are on steep declines based on the key reports we've received over the past couple of weeks.
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Monday, September 19, 2016
SPX is still on a sell signal / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
At the hourly level, the SPX has a few anomalies in its Wave structure. However, this appears to be the “best fit.”
In this case Wave [v] is roughly equal to Wave [i] of C. I had expected to see Waves C and A attaining equality where Wave C would approach the 50-day Moving Average, instead. As a result, this correction is called an “irregular.”
But that also verifies a Wave (B).
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Monday, September 19, 2016
Stock Market May Turn Ugly This Week / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
The SPX Premarket is higher this morning, but short of Thursday’s high or the trendline.
ZeroHedge reports, “Stocks across the board, and US equity futures are broadly in the green this morning as markets shrug off the terror-related events in the NYC area over the weekend. There wasn’t a single positive “reason” for the green price action but the bond “tantrum” that caught the attention of stocks beginning back on 9/8 is increasingly fading and investors are hopeful this week’s central bank decisions (BOJ and FOMC both on Wed 9/21) will further ease yield anxieties.”
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Monday, September 19, 2016
Stock Market Positive Expectations Following Last Week's Uncertainty, But Will Stocks Continue Higher? / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is now 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, September 19, 2016
More Stock Market Selling Monday? / Stock-Markets / Stock Markets 2016
By: Brad_Gudgeon
It looks like that we should have more selling early Monday in the stock market according to the extremes of the 4 TD low combined with the current bearish wave action and negative astros. There is a rising wedge that meets near 2110 Monday. I'm not sure we tag that or not, but in any case there should be a strong rally Monday out of this sell-off according to the cycles.
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Sunday, September 18, 2016
Stock Market Correction Already Over? / Stock-Markets / Stock Markets 2016
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: The long-term trend is up but weakening. Potential final phase of bull market.
SPX Intermediate trend: The uptrend from 1810 continues, but it has entered a corrective phase.
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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Saturday, September 17, 2016
New US Stock Market Uptrend Underway ? / Stock-Markets / Stock Markets 2016
By: Tony_Caldaro
The week started with the SPX at 2128. After a gap down opening Monday the SPX hit 2119 then rallied to 2163 just before the close. On Tuesday another gap down opening took the SPX to 2120, then after a rally to 2141 on Wednesday the SPX hit 2120 again. On Thursday the SPX rallied to 2151, then gapped down again on Friday to 2131 before ending the week at 2139. For the week the SPX/DOW gained 0.35%, and the NDX/NAZ gained 2.60%. Three gap down openings and the market ended positive on the week. Economic reports for the week were predominantly negative. On the downtick: export prices, retail sales, NY FED, industrial production, capacity utilization, the Q3 GDP estimate, plus weekly jobless claims and the budget deficit increased. On the uptick: the Philly FED and the CPI. Next week’s reports will be highlighted by the FOMC and housing.
Saturday, September 17, 2016
Stock Market Quiet Week...Volatile But Quiet... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
The week was wild, but quiet when all was said and done. Last Friday saw a strong move lower with no follow-through to the down side this week by the bears. Nothing unusual about that. The bears haven't followed through meaningfully in longer than I can remember. That said, this week saw the market move mostly lateral, meaning the bulls didn't just blast things right back up as they usually do with no resistance from the bears. The bears are fighting a little bit. More than we've seen in recent months.
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