Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Friday, October 15, 2010
Last-Hour Rally Pares Stock Market Losses, and Google Leads Market Higher in Afterhours / Stock-Markets / Stock Markets 2010
The stock market indices suffered losses today, but a last hour sharp rally back brought them back from much deeper losses and closed down nearly unchanged today.
The day started out with a move down. The indices then bounced, made lower lows, and then had the best rally of the day until the last hour in the morning, reaching the highs for the session at about 10:30. They then stair-stepped their way lower all day, reaching the lows with about an hour to go at 2043.70 on the Nasdaq 100, but rallied 11 points on the NDX in the last hour. The S&P 500 rallied almost 7 points to close right at resistance.
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Thursday, October 14, 2010
Can the U.S. Dollar Drop Fast Enough to Keep the Stock Market Up? / Stock-Markets / Stock Markets 2010
Wheeee - this is fun!
The dollar dropped to 76.5 this morning and that gave us a nice pop in the futures which is fading now (8am) as we move towards our 8:30 Trade Report along with the PPI and, of course, the usual 450,000 weekly pink slips handed out to the few remaining US workers (135M and dropping almost as fast as the value of the dollar).
Thursday, October 14, 2010
Rise in Jobless Claims Takes Shine Off of Stocks / Stock-Markets / Stock Markets 2010
The QE trade is alive and well and risk assets are firing on all cylinders. Gains in stocks and commodities, in particular, are now accelerating. It seemed to me that QE2 talk would prove bullish for risk assets. And the lack of a cooperative stance within the G20 on currency matters – as the IMF meetings over the weekend showed – is now adding fuel to the fire.
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Thursday, October 14, 2010
Stock Market More Signs of Strength Ahead of Q4 / Stock-Markets / Stock Markets 2010
The CBOE Volatility Index is a very reliable gauge of risk on the S&P 500. Traders continually adjust their option positions according to market and economic conditions. This is reflected in the movement of the VIX. The best method of interpreting this index is through historic band ranges. Particular market conditions have a corresponding VIX reading. For example, during prolonged calm advancing markets (ie 2003 to 2007), the VIX registers about 18 or lower. As the equity markets decline or economic worries grip investors, the VIX displays levels in the 18 to 33 range (ie early 2008, part of 2009 and 2010). During brief periods of extreme concern (late 2008 and early 2009), the Volatility Index leaps to over 33.
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Thursday, October 14, 2010
U.S. Jobs Market May Look Bleak, But Your Investments Don’t Have To / Stock-Markets / Investing 2010
Jon D. Markman writes: There's no getting around the fact that the U.S. jobs market is bleak. Ultimately, though, it's a stark reminder that as investors, we should be looking abroad for maximum profits.
Indeed, investors must turn to countries where the number of people working is rising along with standards of living and consumption.
But that's not all.
Thursday, October 14, 2010
Stock Market Mid-Week Market Report / Stock-Markets / Stock Markets 2010
Its been an interesting week with stocks, commodities and currencies having a knee jerk reaction to the FOMC minutes released Tuesday afternoon. In short the Fed clearly said there must be more quantitative easing before things will get better. It was this news which triggered a rally in both stocks and commodities.
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Thursday, October 14, 2010
Stock Market Nearing A Top Short-Term... Still Solid Overall... / Stock-Markets / Stock Markets 2010
First of all, understand that the market is healthy. Next, you need to understand that it is overbought. Not violently so, but overbought, nonetheless. 70 RSI's across the board, with stochastic's in the middle 90's, is what overbought looks like. It does not mean the market can't continue a bit higher first, because it can, but 70 RSI and a 95 stochastic warn us that there is an imminent selling episode in the near future. It is what it is.
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Thursday, October 14, 2010
As The World Markets Turn... / Stock-Markets / Stock Markets 2010
As I review the landscape at this time, the key feature I am seeing at this juncture is that a number of key markets are playing in the vicinity of significant support and resistance. Some of these are areas of technical significance on a very long term or long term basis. Among the markets in question are: US Dollar Index, Gold, EuroDollar, DollarYen, EuroYen, Australian Dollar, SPX, NDX, World Leaders Index, SPX:30 Year Treasury Bond ratio.
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Wednesday, October 13, 2010
The Big Bullish Elliott Wave Picture for Stocks / Stock-Markets / Stock Markets 2010
Back in late February 2009 I decided enough was enough, and I stuck my neck out and called for a massive bull market in stocks. I based this prediction purely on Elliott Wave patterns I identified as bottoming and the sentiment gauges were off the charts bearish. We had not seen sentiment that negative since the 2002 lows. The re-tracement of the SP 500 over the eight odd years was a textbook Elliott Wave pattern, and frankly I think I was the only person who noticed the significance of the 666 low as it related to the 1974 SP 500 lows to 1999/2000 highs. Why was that 666 number so significant and a key indicator of a major bear market cycle low? Well the reason is that marked a clear wave 2 elliott wave bottom both in price, and sentiment, and time all at once.Read full article... Read full article...
Wednesday, October 13, 2010
QE2 and Earnings Boost Stock Market Sentiment / Stock-Markets / Stock Markets 2010
European markets open firmer today and continued to grind higher all morning after minutes from the Federal reserve showed policy makers are prepared to add further QE. Intel also added to the positive tone by reporting Q2 profit of 52c versus expectations for a 50c print. Gross margins came inline for the quarter but guidance was up for Q3. ASML followed suit this morning and rallied 3 percent after saying Q3 profit rose to €268.5m beating broker estimates for €247 million. Fellow Euro tech names STMicoelectronics and Infineon are better by 3 percent and 4 percent respectively in sympathy.
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Wednesday, October 13, 2010
China’s Ongoing IPO Stock Market Boom / Stock-Markets / China Stocks
Bill Gates and Warren Buffett, two of America’s best known billionaires, were in China last week for some business and charitable work.
Buffet has a large investment in Chinese automaker BYD Company, and Microsoft has offices all over China as well as a research center. Both, however, were there to talk to some of the richest men and women in China about incorporating philanthropy and charitable giving into their daily lives.
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Wednesday, October 13, 2010
European Stock Market Investors Bullish Sentiment Hits Nine Year Extreme! / Stock-Markets / Stock Markets 2010
Price-earnings ratios and dividend yields are showing that the stock market is expensive. And my big-picture economic indicators are signaling high recession risks. My liquidity indicators are confirming this recessionary scenario … they’re telling us that stocks are probably on the verge of plunging into a bear market.
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Wednesday, October 13, 2010
Quantitative Easing or Quantitative Looting? / Stock-Markets / Stock Markets 2010
Jeff Fisher writes: Governments are spending far more than they could ever hope to collect through taxation.
In order to finance these yawning deficits, governments are borrowing massive amounts of capital from the private sector.
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Wednesday, October 13, 2010
Stock Market October Curse vs Objective Analysis / Stock-Markets / Stock Markets 2010
Over the weekend, I went shopping for Halloween decorations. In the store, one of the clerks was wearing a white T-shirt with a puff-paint rendering of the Dow Jones Industrial Average. The line representing prices was the color of blood red, dripping and splashed across the front. When I asked him what it was, he said "the October Curse."
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Tuesday, October 12, 2010
Intel's Technicals Ahead of Earnings Plus: What to Expect from the Semis / Stock-Markets / Stock Markets 2010
After the close of trading Tuesday, Intel (INTC) comes out with its quarterly earnings, which could, or should, provide quite a catalyst (positive or negative) for the stock and its semiconductor sector and perhaps the market in general.
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Tuesday, October 12, 2010
Unequal Global Trade Competition, Trichet Talks Tough at High Noon / Stock-Markets / Financial Markets 2010
Anti-Claud is coming to town!
You’d better not print, you’d better not ease you’d better not contract or your wages will freeze - Jean Claude Trichet is coming to town… The EU’s Central Banker has a lunch meeting at the NY Economic Club and there is no one who knows better when Bernanke’s sleeping and when the recovery is fake, so we’d better pay attention, for the country’s sake! THIS is the most powerful banker in the World, not the hollow Bankster puppet we have setting US policy, and Trichet has fought easy money tooth and nail -even as the US embraced it this year.
Tuesday, October 12, 2010
Markets “Risk Off” Ahead of FOMC Minutes and Intel Corporate Earnings / Stock-Markets / Stock Markets 2010
With bond markets and banks closed for the Columbus Day Holiday yesterday Equity markets had their lowest volume day of the year with the S&P future trading in a 2 point range for a majority of the session. We did have a tick lower at when Janet Yellen (new Vice Chair of the Fed) strayed from her usual uber-dovish line made some comments regarding Fed Policy and Risk Assets saying that it was “conceivable that accommodative monetary policy could provide tinder for a build up of leverage and excessive risk taking” . The dollar managed a small bounce (+.45 percent) and commodities were mixed (Crude -.9 percent, Gold/Copper +.3 percent).
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Tuesday, October 12, 2010
Stock Market VIX Breaks Down...Implications... / Stock-Markets / Stock Markets 2010
You're not going to love this if you like ACTION. You won't be seeing big swings from day to day when you have a VIX in the teens. It simply means the volatility of the market is basically gone for the short, if not, mid-term. Larger day to day swings are far less likely, thus, you have to find a way to be patient and understand the best way to play this market, which is to simply to find the best base set-ups and wait for them to make their move.
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Tuesday, October 12, 2010
Stock Market Narrow, Lackluster Session / Stock-Markets / Stock Markets 2010
The stock market indices started out on a flat note, but the path was interesting. The day started out with a little surge to the upside. They backed off, tested support successfully, and then ran to new rally highs, reaching 2037 on the Nasdaq 100 and 1168.68 on the S&P 500. The Dow reached 11,030.50 for its high.
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Monday, October 11, 2010
Meaningless Market Monday - Rethinking that Round Earth Idea / Stock-Markets / Financial Markets 2010
What if the World is flat?
It sure looks flat. You have to go to space to see that it's round, even in an airplane it looks pretty flat, doesn't it? Well, fiat currencies are like that too. We talk about Quantitative Easing as if the World is flat because Americans (who are trained to be self-centered to the point of Xenophobia from birth) don't think of their connections to other counties on this planet. To understand the American investor is to look at this map and understand that it is not a joke...