Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Saturday, January 24, 2009
Stock Market Oversold into Seasonally Strong Period / Stock-Markets / US Stock Markets
The good news is: The market is oversold going into a seasonally strong period.
Short Term - After 3 consecutive down weeks the market is oversold.
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Saturday, January 24, 2009
Dow Jones Index Stocks Bear Market Update / Stock-Markets / Stocks Bear Market
Last week we took a close look at the November low, and reviewed the price action since then relative to extremely short-term trading tactics. Later in this piece, after taking a retrospective look back at the Transportation average, we will explore some merits and challenges associated with executing medium-term speculative strategies. The small chart plots three months of daily closes for the Dow Jones Industrials. It shows that the move up toward the January high was clearly corrective.Read full article... Read full article...
Saturday, January 24, 2009
Depression or Recession as GE Price Crashes to 12 Year Low / Stock-Markets / Financial Markets 2009
As GE goes, so does the nation? There is (or was) a saying in Michigan, “As GM goes so goes Michigan.” We might want to modify that phrase for General Electric and the country. Profit from continuing operations declined 43 percent to $3.87 billion, or 36 cents a share, amid the global credit crisis that eroded income at the finance segment.Read full article... Read full article...
Friday, January 23, 2009
Stock Market, What's Next? Another Leg Down, or Rally? / Stock-Markets / US Stock Markets
Most investors only look at what is happening to the "Broad Market".
For instance, tracking the action of an index such as the S&P or the NASDAQ is an observation of broad-market action because you are looking at the composite action of all the stocks within each index.
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Friday, January 23, 2009
Financial Crisis Bear Markets, Things Are Always Worst at the Bottom / Stock-Markets / Investing 2009
The inimitable Dennis Gartman, who has been publishing his popular commentary since 1987, took a break from one of his busy days to chat with The Gold Report. As he reads it, things will get worse before they get better—but we're not facing Armageddon. In fact, he posits that the worse the news gets the closer we are to emerging from the economic morass. He agrees that liquidity injections by the Fed and central banks the world over will lead to inflation—but he foresees single-digit stuff as opposed to hyperinflation. He favors modest holdings in physical gold—but would rather lose money on the bullion and coins he personally holds. He buys into the peak oil argument—but doesn't expect the day the world runs out of crude oil to dawn for maybe 10,000 years.Read full article... Read full article...
Friday, January 23, 2009
Stock, Commodities, Futures and Forex Markets Analysis 23rd January 2009 / Stock-Markets / Futures Trading
The March NASDAQ 100 was lower overnight as it extended Thursday's decline. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are still possible near-term. If March renews this week's decline, the reaction low crossing at 1097.00 is the next downside target. Closes above the 20-day moving average crossing at 1203.18 would confirm that a short-term low has been posted.Read full article... Read full article...
Friday, January 23, 2009
Another Rollercoaster Day on the Stock Markets / Stock-Markets / Financial Markets 2009
The ‘could go up, could go down' club that is the Dow Jones these days continues its volatile flirtation with the psychological 8,000 level. More disappointing earnings, guidance numbers and layoff news from Microsoft, eBay, Lockheed, AMD and the regional banks took their toll. The Dow finished down 130 points yesterday, despite a late in the day rally.Read full article... Read full article...
Thursday, January 22, 2009
Wild Stock Market Swings in Losing Session / Stock-Markets / Volatility
The market certainly got some volatility today, down in the morning, up mid-day and then back down late in the day. But it ended with losses for the session. The day started out with a big gap down on negative futures. They backed and filled in the morning, bear-flagged, and then went lower, reaching the session lows by mid-morning. That was right at yesterday's mid-day lows. When those levels held the indices then staged a rally.Read full article... Read full article...
Thursday, January 22, 2009
Financial Markets Forecasts for 2009 / Stock-Markets / Investing 2009
2008 was the year that collatorised debt obligations wiped out the capital bases of the west's biggest banks, which played itself out during September 2008 following the china syndrome chain reaction that followed the Lehman's bust that led to the unprecedented actions of capital injections and nationalisation of too big to fail banks that looks set to continue for the whole of 2009 and beyond. The crisis had been festering and growing since the August 2007 interbank market freeze due to flawed and some could say fraudulent mark to market valuation of worthless over leveraged mortgage backed CDO's.Read full article... Read full article...
Thursday, January 22, 2009
Worst Stocks Bear Market for 200 Years! / Stock-Markets / Stocks Bear Market
We have featured the work of Wharton Finance Professor Jeremy Siegel on a number of occasions and are doing so again to get some badly needed perspective on what is, by all objective accounts, a very confusing current market picture.
Siegel's work has both adherents and detractors, but it's hard to argue with his data. His most famous work may be the following bit of pictorial pulchritude:
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Thursday, January 22, 2009
Stock, Commodities, Futures and Forex Markets Analysis 22nd January 2009 / Stock-Markets / Futures Trading
The March NASDAQ 100 was higher overnight due to short covering as it consolidates some of Tuesday's decline. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are still possible near-term. If March renews this week's decline, the reaction low crossing at 1097.00 is the next downside target. Closes above the 20-day moving average crossing at 1205.55 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1193.52. Second resistance is the 20-day moving average crossing at 1205.55. First support is Tuesday's low crossing at 1132.00. Second support is the 62% retracement level of the November-January rally crossing at 1123.08.Read full article... Read full article...
Thursday, January 22, 2009
Death Agony of Thatcherism Deregulated Financial System Model / Stock-Markets / Market Regulation
During the end of the 1970's into the 1980's British Conservative Prime Minister Margaret Thatcher and the City of London financial interests who backed her, introduced wholesale measures of privatization, state budget cuts, moves against labor and deregulation of the financial markets. She did so in parallel with similar moves in the USA initiated by advisers around President Ronald Reagan. The claim was that hard medicine was needed to curb inflation and that the bloated state bureaucracy was a central problem.Read full article... Read full article...
Thursday, January 22, 2009
Stock Market 2009 Elliott Wave Count Analysis / Stock-Markets / Elliott Wave Theory
The short-term Elliott Wave count of the S&P 500 Index is shown below, with the preferred count shown in colour and the alternate count shown in grey. For the preferred count to be correct, wave [b] of a triangle MUST be forming at present, and follow through to wave [e] for completion to form wave XX before starting wave Z…this pattern represents a triple combination that would allow the broad stock markets to rise into mid March/early April 2009.Read full article... Read full article...
Thursday, January 22, 2009
Another Bear Market Bounce Or Stocks Bottoming? / Stock-Markets / Financial Markets 2009
Stocks rallied hard yesterday from oversold levels as newbie Treasury Secretary Tim “the enchanter” Geithner talked of the need for a “forceful” fiscal stimulus and action on a “dramatic scale” to strengthen banks. He also hinted that plans for a “ bad bank ” may be gaining traction. A round of executive bank share purchases from Jamie Dimon (550k shares) at J.P. Morgan and embattled Ken Lewis at Bank of America (200k shares) also helped to give better tone to financials and instil a bit of much needed confidence. But it may be just another dead bank bounce.Read full article... Read full article...
Thursday, January 22, 2009
Where the Stock Market, Gold and Silver are Headed Next / Stock-Markets / Investing 2009
January 20th, 2009 probably one of the biggest days of this year, marked by several key new appointments. We have inaugurated our 44th president, Barack Hussein Obama, elected into office with the hopes that he will bring with him, a magic wand and resolve two decades of excess liquidity and derivative growth. A hope that will, undoubtedly, be shattered very quickly. Obama will simply continuing doing what actually start this problem and that is, print more money (or the new politically correct term, quantitative easing). The only ideal “solution” at this point, is for current government to successfully create another bubble somewhere.Read full article... Read full article...
Thursday, January 22, 2009
Stock Market Still Has A Pulse / Stock-Markets / US Stock Markets
The market took back a large chunk of what it lost yesterday. However, considering the losses that have stretched over almost two weeks, the market is still under water. On the positive side, both the S&P 500 and the Dow Jones Industrial Average have established a lower low-for the time being. Both are also currently sitting right above support levels. For the S&P 500, support is in the 800 area and resistance is in the 850 area. For the DJIA, support is located in the 8000 area while it faces resistance at around 8280.Read full article... Read full article...
Thursday, January 22, 2009
Stock Market Indices Snapback in Significant Turnaround Session / Stock-Markets / US Stock Markets
The markets had a strong opening, a tough and steep retest that held, and then some mid-day back and forth vacillations, at which point the direction looked in doubt. Two or three mid-day tests of support held, and then they started a very strong rally that started feeding on itself spurred by apparent short covering, and in the last hour in particular spiked up right into the close with sharp gains.Read full article... Read full article...
Wednesday, January 21, 2009
Proshares Ultrashort SPY Upleg Near Completion / Stock-Markets / Exchange Traded Funds
Let's notice that after the Proshares Ultrashort SPY (AMEX: SDS) pulled back (to 82.88) during the first hour of trading, it climbed strongly to an intraday high at 87.11, which happens to be just shy of yest.'s rally peak at 87.65. The fact that the price structure failed to make a new high, and instead has backed away from the highs, suggests strongly that the upleg from the 1/06 low at 64.29 is at or is quickly nearing completion ahead of a meaningful decline.Read full article... Read full article...
Wednesday, January 21, 2009
Investors Preserve Your Wealth during the Global Banking Crisis / Stock-Markets / Investing 2009
“Accepting losses is the single most important investment device to insure safety of capital. It is also the action that most people know the least about, and are least likely to execute. The most important single thing I learned is that accepting losses promptly is the first key to success. It's a great mistake to think that what goes down must come back-up,” warned Gerald Loeb, the Dean of Wall Street, in his epic book “The Battle for Investment Survival,” last copyrighted in 1965.Read full article... Read full article...
Wednesday, January 21, 2009
Fear Trumps Obama Hope As Dow Jones Plunges Below 8,000 / Stock-Markets / Stocks Bear Market
The public euphoria surrounding Obama's big day out failed to lift equities. The regional banks were laggards and a drag on the S&P while chip stocks led the NASDAQ's fall. Take State Street bank for example, who were meant to be one of the “safe” plays in financials. Despite better earnings they finished down 59% after a shambolic investor call in which it became apparent that they had a major issue with off balance sheet vehicles. If taken back on the balance sheet it would cost $23bn in unrealised losses on bonds.Read full article... Read full article...