Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Friday, September 10, 2010
Stock Market Choppy, Corrective Session / Stock-Markets / Stock Markets 2010
The stock market indices had a very choppy session. They gapped up strongly at the opening, but that was it right there at the highs in the first couple minutes. They pulled back in an orderly fashion, tried to come back on, but when they couldn't get through the highs they rolled over with the sharpest sell-off by mid-day and early afternoon. That stabilized their support and contributed to a snapback rally, which took back about 50%-60% of its losses. However, in the last 15 minutes they rolled over rather hard and pared back the gains somewhat further.
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Thursday, September 09, 2010
Biotech, the Genetics of Investing / Stock-Markets / Sector Analysis
Doug Hornig, Editor, Casey’s Extraordinary Technology writes: If you had a previously incurable genetic condition and scientists came up with a treatment for it, you’d jump at the chance to take advantage. That’s a no-brainer. But what if you had the opportunity to invest in a company deeply involved in just such cutting-edge research?
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Thursday, September 09, 2010
A Few Reasons to Doubt the September Stock Market Rally / Stock-Markets / Stock Markets 2010
After being down for three straight weeks, the market was up for four straight days last week, was down 107 points on Tuesday of this week, but then bounced back 46 points yesterday. So it’s now been up five of the last six days.
The catalyst for the rally has been a few economic reports that were a bit better than Wall Street’s forecasts, mixed in with other reports indicating that economic growth, which slowed to just 1.6% in the second quarter, is slowing further in the 3rd quarter.
Thursday, September 09, 2010
U.S. Jobless Thursday, America’s Infrastructure Crisis / Stock-Markets / Financial Markets 2010
What a disaster!
Not only are our students failing to keep up with the rest of the World but America is close to getting a failing grade in Infrastructure. That’s right, what was once the World’s mightiest and proudest economy, this once great nation of builders has been given an overall grade of D in the American Society of Civil Engineers report on our Infrastructure.
Thursday, September 09, 2010
Stock Markets Cheered by Fall in US Weekly Jobless Claims / Stock-Markets / Stock Markets 2010
US markets, albeit on very low volumes, moved higher upon hump day as sentiment was boosted by a successful Portugal debt auction and talk surrounding further fiscal stimulus measures from the Whitehouse. The premium that investors demand to hold Portuguese 10-year government bonds instead of benchmark German bunds fell to 3.59 percent post the auction, after widening to as much as 3.72 percent earlier, while speculation mounted that Obama will announce an additional $180bn package.
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Thursday, September 09, 2010
Stock Market Heads Higher Led by Financials... / Stock-Markets / Stock Markets 2010
The market is defying all of those newsletters calling for a move lower...
Recommendation: Take no action.
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Thursday, September 09, 2010
Brazil, Dump this Market Now! / Stock-Markets / Brazil
Martin Hutchinson writes: Batten down the hatches. Brazil, the media-darling of the world financial press and the poster child for emerging-markets investing, is heading directly into the eye of the storm.
Until now, Brazil has provided investors with a thoroughly rewarding run. Investors who followed Money Morning's October 2008 call to buy the iShares MSCI Brazil Index (NYSE: EWZ) have notched a 160% return.
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Thursday, September 09, 2010
Gold, Silver and Stock Indices Form a Triple Top, What’s Next? / Stock-Markets / Financial Markets 2010
I am going to step out on a limb in this report and cover what I think to be an intermediate top in the precious metals sector. Everyone I speak with and from the hundreds of emails I get I would say the vast majority are bullish on gold and silver. That being said, I feel we are 3-8 days away from a pop and drop in the price of gold.
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Thursday, September 09, 2010
Stock Market Rally Continues on Good Technicals / Stock-Markets / Stock Markets 2010
The stock market indices had another up day as the rally continued. Starting out with a gap up, they ran sharply higher until mid-morning when they paused. At that point they resumed the advance, reaching the session highs just before noon. They then sold off early afternoon, bounced back sharply to retest the highs, but fell short and then rolled over in the last hour.
Net on the day, however, they closed positive, with the Dow up 46.32 at 10,387.01, about 40 points off its high. The S&P 500 was up 7.03 at 1098.87, about 5 points off its high. The Nasdaq 100 gained 23.50 to 1880, with a high of over 1887.
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Thursday, September 09, 2010
Stock Market Acting Better... / Stock-Markets / Stock Markets 2010
I don't think anyone would argue with that reality. It's not great, and it's clearly not on breakout, but it is acting better even though the masses still think the action isn't worth playing. The economic news isn't great, and we sure do hear enough bearish talk day to day when watching the news station. The truth is, however, that the market is holding up extremely well despite the negativity. Of course, that's one of the main reasons it is holding up. Just too many bears at this point in time. More on that in a bit.
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Wednesday, September 08, 2010
Shanghai Move Could Spur S&P 500 Rally / Stock-Markets / Stock Markets 2010
The Shanghai Composite remains in "spring position" ahead of a potential upside breakout from its May-September base pattern.
Let's notice that the recent price action of both the SH COMP and the S&P 500 is starting to look similar -- that is, a rally at the end of August into early September followed by a sideways, bullish consolidation area that should resolve itself to the upside in a thrust towards a test of the 200 DMA (2763) in the SH COMP and a confrontation with the June-Aug. highs (1129/31) in the SPX.
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Wednesday, September 08, 2010
Soverign Debt Panic Amongst The PIIGS / Stock-Markets / European Stock Markets
U.S. stocks fell for the first time in five days Tuesday, ending the longest streak of gains for the S&P 500 Index since July, on concern the European debt crisis may worsen and hamper global growth. Bank of America and Citigroup fell at least 2% as European banks slid on concern stress tests understated potential losses from sovereign debt.
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Wednesday, September 08, 2010
Stock Market Trend into Mid-Term Elections, Anything is Possible / Stock-Markets / Stock Markets 2010
“Pure truth, like pure gold, has been found unfit for circulation because men have discovered that it is far more convenient to adulterate the truth than to refine themselves.”- Charles Caleb Colton
I very seldom write for general consumption but given the amount of misinformation, i.e. lies, being spoon fed to the investing public, I feel the urge to speak out. You’ll have to excuse me if the niceties of the English language sometimes escape me, but I guess I’m more into function than form. The subject of my disgruntlement is specifically the Dow and generally how it is presented to the public.
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Wednesday, September 08, 2010
Mutual Fund Managers Get Stock Market Timing Wrong … Again! / Stock-Markets / Stocks Bear Market
History shows that as a group mutual fund managers act like a typical crowd … susceptible to herding and group thinking.
They are most heavily invested near important market tops. And at market bottoms most of them turn bearish. That will never change … it’s human nature.
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Wednesday, September 08, 2010
Bulls Are About to Move the Stock Markets Higher / Stock-Markets / Stock Markets 2010
I’ve been busy counting the months of correction since Mid-April this year when I forecasted a top in the U.S. Markets following a massive 13 month rally off the March 2009 lows. The theory I had at the time was that the % of bulls in sentiment surveys was running at nearly 3 to 1 over Bears. 57% of those surveyed were Bullish in Mid-April and only 20% were Bearish. In addition, we had completed a clear 5 wave bullish pattern up from the March 2009 lows, and the time period of the rally was also a Fibonacci ratio.
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Wednesday, September 08, 2010
Stock Market Makes the Expected Dip... / Stock-Markets / Stock Markets 2010
The expected dip happens and not much else, yet...
U.S. markets were closed on Monday, September 6th in observance of Labor Day.
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Tuesday, September 07, 2010
Uncle Rupert Throws A Tantrum on Stock Market Tuesday / Stock-Markets / Financial Markets 2010
Happy Tuesday to you!
Nice market take-down by the Journal this morning, who led off with an article questioning the EU stress tests saying: "From this point of view, it is not surprising that the doubts raised about the validity of the stress tests are weighing on the Euro and also on other risk-correlated currencies." Then, to make sure no one misses the article, they run another headline for the US markets that says "Concerns Over EU Banks Hit Euro" in which they quote themselves:
Tuesday, September 07, 2010
Inflation, Deflation, a Quantum Physics Enigma / Stock-Markets / Financial Markets 2010
The title a quantum physics enigma likely best captures (as opposed to ‘ A Parallel Universe, etc.’) the essence of describing two things occupying the same space at the same time, as is the case with both inflation and deflation within the matrix of our sordid economies. Because this topic is of growing interest at present with deflation spreading into increasing sectors, it does in fact appear timely to take a good look at the condition our condition is in, where parallels in central bank policy compared to the 30’s can be made in the sense it might be a ‘Fed mistake’ (lack of inflation) that sparks the next Great Depression.
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Tuesday, September 07, 2010
Sovereign Debt & Banking Worries Return to Haunt Stock Markets / Stock-Markets / Stock Markets 2010
A session without history yesterday as the US markets were closed followed by carnage today in European peripheral PIIGS bond markets on the back of a myriad of negative news stories.
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Tuesday, September 07, 2010
Payrolls Power Major Stock Market Indexes to Reach Resistance... / Stock-Markets / Stock Markets 2010
Non-payrolls came in better than expected and market participants bid up stocks to where the major indexes are at resistance...
Recommendation: Take no action unless there is a rally back up to Friday's closing price, then look for an updated intraday alert.
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