Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Sunday, January 11, 2009
Stock Market Selloff Relieves Overbought Pressure / Stock-Markets / US Stock Markets
The good news is: Although all of the major indices were down substantially last week, new lows hit their lowest levels since November 2006.
Short Term New highs expand in strong markets. Recently we have seen the lowest levels of new highs since late 1987 when there were about half as many issues traded on the NYSE and 20% fewer on the NASDAQ than there are currently.
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Saturday, January 10, 2009
Stock Market Investors Don't Buy The Hype / Stock-Markets / Stocks Bear Market
Historically, bear markets have run approximately one-third the duration of the preceding bull market. From my perspective, the last bull market began at the 1974 low and tried to conclude at the 2000 top. But, as I have said many times before, the powers that be would not let nature take its course. As a result, they created the largest credit bubble in history, not to mention the housing and commodity bubbles, all in an effort to save the stock market. This resulted in what I view as the last gasp up into the 1974 to 2007 bull market top and I believe that the correction of that bull market likely has a lot further to go.Read full article... Read full article...
Saturday, January 10, 2009
Stock and Financial Markets Outlook for 2009 / Stock-Markets / Investing 2009
The S&P 500 index of some of the largest and most profitable companies in the world was down 38.5% in 2008 – the worst performance since the Great Depression. Illiquid market sectors performed worse. Over the last ten years a long term investor in the S&P 500 would have lost money – so much for the ‘buy and hold well known companies' theory of investing.Read full article... Read full article...
Saturday, January 10, 2009
Stock Market Mega-trend Super-cycle Wave IV / Stock-Markets / Elliott Wave Theory
Working out the largest of Big-Picture Visions - The equity price-chart below is a compilation of data points starting with the British All shares Index (1693-1853), the Clement Burgess Index (1854-1895), and then spliced using ratio multipliers with the Dow Jones Industrial Average from 1896 to present. The 315-year result is the longest contiguous record of equity prices in the history of Humankind.Read full article... Read full article...
Saturday, January 10, 2009
Financial Doomsday for All Asset Classes / Stock-Markets / Credit Crisis 2009
Employment situation… grim. Nonfarm payroll employment declined sharply in December, and the unemployment rate rose from 6.8 to 7.2 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment fell by 524,000 over the month and by 1.9 million over the last 4 months of 2008. In December, job losses were large and widespread across most major industry sectors.Read full article... Read full article...
Saturday, January 10, 2009
Stocks Close Near Lows of the Day and Week / Stock-Markets / US Stock Markets
The indices had a quite negative finish not only to the session but the week, and they went out with a 4-day downtrend, near the lows for the day, particularly on the Dow and S&P 500. The day started out with a very sharp move lower after the employment report. They bounced around and then edged up slowly in bear-flag fashion for the next 4-5 hours. In the last hour or so when they failed at the declining tops resistance going back 4 days, they rolled over in a 3-wave decline and closed at the lows for the afternoon on the Nasdaq and the lows for the week on the S&P 500 and Dow.Read full article... Read full article...
Saturday, January 10, 2009
Gold, Housing and Emerging Markets 2009 and Beyond / Stock-Markets / Investing 2009
“This level of stimulus is at the point that it's like taking a bottle of Viagra and nothing happens...” - Harry S. Dent
We've entered an unprecedented period of uncertainty. The markets have collapsed and $30 trillion of stock market “wealth” has evaporated.
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Friday, January 09, 2009
Stock Market Crash Count Wave Four Triangle / Stock-Markets / Financial Crash
The S&P 500 is in a wave 4. Please see S&P 500 Crash Count if you are new to this discussion. It is the very nature of waves 4's to morph, and morph it has. Over the past month the preferred count has changed at least 3 times. If you chose to play waves 4's it is best to be nimble.Read full article... Read full article...
Friday, January 09, 2009
Rydex Asset Data: Stock Market Leveraged Bulls v. Leveraged Bears / Stock-Markets / US Stock Markets
I have presented a lot of data recently suggesting an intermediate term top for equities, and the weakness in prices this past week seems to be consistent with that view. Just as investors begin to embrace the hope that better times are coming, it's "bam" back to reality. This is still a bear market - sell hope, buy fear.Read full article... Read full article...
Friday, January 09, 2009
Nasdaq Q's in Meaningful Correction / Stock-Markets / Tech Stocks
Purely from a pattern perspective, my work argues that there should be little doubt that the Q's (Nasdaq: QQQQ) are in the midst of a meaningful correction of the upmove from the 12/29 low at 28.47 to the 1/06 high at 31.63. Today's downside breach of yest.'s intraday low at 30.08 coupled with the form of the decline from this AM's pre-market rally high at 30.90 indicates strongly that the Q's have ended a... secondary downleg off of the 1/06 high (31.63), which should press prices towards a test of key support along the Nov.-Jan. trendline, now at 29.65.Read full article... Read full article...
Friday, January 09, 2009
All Eyes On U.S. Nonfarm Payrolls / Stock-Markets / Financial Markets 2009
Equities overcame Wal-Mart's gloomy outlook to finish only modestly lower yesterday buoyed by Microsoft's rollout of Windows 7 today. In the final hour of trading, investors seemed cheered by news of a breakthrough agreement that could help curtail home foreclosures. Senator Richard Durbin hailed a decision by Citigroup to drop opposition to legislation that would give bankruptcy judges the power to eliminate some mortgage debt.Read full article... Read full article...
Friday, January 09, 2009
Stock, Commodities and Currency Futures Markets Analysis 9th January 2009 / Stock-Markets / Futures Trading
The March NASDAQ 100 was lower in overnight trading as it consolidates some of Thursday's rally. Stochastics and the RSI have turned bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1218.58 would confirm that a short- term top has been posted. If March extends the rally off November's low, the reaction high crossing at 1321.75 is the next upside target.Read full article... Read full article...
Friday, January 09, 2009
Gold and Stock Markets Volume and Time Series Analysis / Stock-Markets / Investing 2009
There are those who are arguing that the equity markets are due for a bounce – maybe even an upward surge in prices. Some are very seasoned analysts who have decades of experience under their belts. They may be right, but this analyst has been struck by the relative lack of emphasis by these bullish analysts on the issues of volume and cyclical timing.Read full article... Read full article...
Thursday, January 08, 2009
Flight to Safety 2009 to U.S. Dollar, Gold, Euro and Yen / Stock-Markets / Investing 2009
The USD remains stronger than one might think into the beginning of 2009. Between the latest Mid East tensions and general flight to safety it rallied again to 83 on the USDX when it looked like it might crack into the 70's again, the low being 70ish last year, before the USD rallied after April of 08, which caught the commodity and metals complex.Read full article... Read full article...
Thursday, January 08, 2009
New Year Stock Market Rally Over Already? / Stock-Markets / Financial Markets 2009
The Dow Jones fell 245 points yesterday in the biggest fall in a month. Stocks had their cage rattled with a quadruple body blow in the form of :Read full article... Read full article...
Thursday, January 08, 2009
Stock, Commodities and Currency Futures Markets Analysis 8th January 2009 / Stock-Markets / Futures Trading
The March NASDAQ 100 was higher in overnight trading due to short covering as it consolidates some of Wednesday's decline. However, stochastics and the RSI are overbought and are turning bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1217.00 would temper the near-term friendly outlook in the market. If March extends the rally off November's low, the reaction high crossing at 1321.75 is the next upside target.Read full article... Read full article...
Thursday, January 08, 2009
India’s Economy Still Strong Amidst Growing Global Financial Crisis / Stock-Markets / Investing 2009
Mike Caggeso writes: In a surprise to many, India's central bank has cut its base-lending rate four times since October, going from 9% to its current rate of 5.5%. After all, isn't India's economy growing nearly as fast as China's? And isn't that growth already being fueled by an unprecedented level of middle-class spending?Read full article... Read full article...
Thursday, January 08, 2009
Stocks Bear Market, Setting the Bull Trap / Stock-Markets / Stocks Bear Market
Recently I sent you an Outside the Box from Paul McCulley who supports the government and Fed activity (in general) in the current economic crisis. Today we look at an opposing view from Bennet Sedacca of Atlantic Advisors. He asks some very interesting questions like:
Shouldn't the consumer, after decades of over-consumption, be allowed to digest the over-indebtedness and save, rather than be encouraged to take risk?
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Wednesday, January 07, 2009
Stock Markets Strong Sell Off Breaks Support Level / Stock-Markets / US Stock Markets
The stock market had a strong sell-off today on negative individual company and economic news. The market indices gapped sharply lower as the futures were down sharply before the opening. They then bounced back a couple times to test resistance and failed both times, and in the afternoon as a result of that they rolled over steadily and sharply, reaching new 2-day pullback lows under 1230 on the Nasdaq 100 and under 902 on the S&P 500.Read full article... Read full article...
Wednesday, January 07, 2009
Anticipating Nasdaq Afternoon Nose Dive / Stock-Markets / Tech Stocks
Based on my near-term pattern work, my preferred scenario calls for upside backing and filling in the Q's (NASDAQ: QQQQ) for the next 1-3 hours, followed by another swoon that breaks the low for the day (30.47) on the way to my optimal corrective target of 30.00. If such a scenario unfolds, I will be evaluating the pattern and the underlying momentum gauges for a possible short position, also weighing whether there's a reasonable amount of time remaining in today's session to take the trade.Read full article... Read full article...