Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Wednesday, April 05, 2017
Stocks Will Always Go Up, What Could Possibly Go Wrong? / Stock-Markets / Stock Market 2017
This time is different. Stocks will always go up. And pigs can fly. Given that pigs are highly intelligent, don't bet against them. That said, investors might want to take at least the first two statements with a grain of salt.
In the 1990s, stocks continued to rise relentlessly for years, even after then Fed Chair Greenspan warned of irrational exuberance in late 1996.
Last decade, the rally in home prices continued as ever more people appeared convinced that home prices never fall.
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Wednesday, April 05, 2017
Stock Market Finished Positive Just Under Key Resistance / Stock-Markets / Stock Market 2017
The stock market had somewhat of a turnaround Tuesday today, but the indices suffered some early losses, held support, and rallied back in a choppy, but in a steady up-channel. Although key overhead resistance at 5440 Nasdaq 100 and 2360 S&P 500 were repeatedly tested, they were not taken out. They did close near there those numbers, so we’ll have to see what happens tomorrow.
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Wednesday, April 05, 2017
SPX Under Resistance / Stock-Markets / Stock Market 2017
SPX is right back where it was on March 23, having challenged the Lip of the Cup with Handle for the first time and bringing up the notion of a potential flash crash. Funny thing is, the potential has not changed, it just got delayed. Could something big happen tomorrow? At this point it is anyone’s guess. Many bears have turned neutral, simply because the pattern looks more bullish than bearish. As long as SPX remains under Short-term resistance at 2360.67, the pattern remains bearish. Above that, it turns neutral, while above 2370.42 it may be bullish.
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Tuesday, April 04, 2017
Stock Market Trends; Is the Stock Market Heading for a Crash? / Stock-Markets / Stock Market 2017
"A moment's insight is sometimes worth a life's experience." ~ Oliver Wendell Holmes
This Bull started off as the most hated bull market in History, and it is now metamorphosing into the most insane of all Bull Markets. By any measure, this Market needs to let out some steam as it is trading in the extreme of the extremely overbought ranges. Historically, the crowd is almost always in the bullish camp at this stage of the game, but that does not appear to be the case. In fact, what stands out is that the masses are as anxious as ever, and yet the markets are trading close to their highs.
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Tuesday, April 04, 2017
Stock Market High 3rd April 2017 / Stock-Markets / Stock Market 2017
The Hybrid Lindsay model is forecasting a high on or near today, 4/3/17. Traditional cycle analysis is also pointing to a high today and no low until the second half of the month.
Point E on 4/5/06 of a descending middle section counts 2,008 days to the low of the basic cycle on 10/4/11. 2,008 days later is 4/3/17.
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Monday, April 03, 2017
Tadawul All Share Index (TASI) Overall Bullish Characteristics Remain / Stock-Markets / Emerging Markets
Following a breakout from a relatively large Double Bottom trend reversal pattern in late-November (breakout above 6,875.69) of last year the Tadawul All Share Index (TASI) pulled back and has been consolidating around support near the top of the Double Bottom and the 200-day exponential moving average (ema).
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Monday, April 03, 2017
Cyclical Stock Market Correction Underway / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues.
SPX Intermediate trend: The correction from 2400 continues,
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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Sunday, April 02, 2017
Emerging Markets Index ETF (EEM) Increasing Chance of a Correction / Stock-Markets / Emerging Markets
iShares MSCI Emerging Markets Index ETF (EEM) hit a high of 40.23 two weeks and has since begun to show signs that it may be starting a correction. At that high EEM had advanced 12.62 or 45.71% off the 27.61 bottom reached in January 2016. A move down to at least the uptrend line is looking likely now before this ETF is ready to make another run higher, if it is to do so.
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Saturday, April 01, 2017
SPX at Important Short /Medium Term Juncture / Stock-Markets / Stock Market 2017
The market started the week at SPX 2344. After a gap down opening on Monday to SPX 2322 the market moved higher for the rest of the week. On Tuesday the SPX hit 2364, pulled back to 2353 on Wednesday, then hit 2370 on Thursday. On Friday it ended the week at SPX 2363. For the week the SPX/DOW gained 0.55%, and the NDX/NAZ gained 1.40%. Economic reports were mostly positive. On the downtick: consumer sentiment, the WLEI and the Q1 GDP estimate. On the uptick: Case-Shiller, consumer confidence, pending home sales, Q4 GDP, personal income/spending, the PCE and the Chicago PMI. Nest week’s reports will be highlighted by the monthly payrolls report and the ISMs.
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Friday, March 31, 2017
SPX Futures are Weak but no Sell Signal, Yet / Stock-Markets / Stock Market 2017
Good Morning!
SPX futures challenged mid-Cycle support at 2362.84 in the overnight session, but have bounced back above it as I write. We await the breakdown beneath that level followed by the Lip of the Cup with Handle at 2356.00 and the Broadening Wedge trendline at 2350.00.
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Thursday, March 30, 2017
Stock Market Mixed Expectations As Technology Stocks Reach New Record Highs / Stock-Markets / Stock Market 2017
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains 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, March 30, 2017
Did the Stock Market Top for the First Half of 2017 Just Hit? / Stock-Markets / Stock Market 2017
The top for the first half of 2017 probably just hit.
Markets do not react to what everyone knows. Markets react to surprises. And the surprise today is that the Trump administration will not be able to implement rapid reform.
Since election night, the stock market has assumed that President Trump would somehow repeal Obamacare, reform the tax code, and announce a massive infrastructure project almost immediately.
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Thursday, March 30, 2017
Stock Market Mixed Session / Stock-Markets / Stock Market 2017
The stock market indices had a solid session for tech stocks, but not so for biotech's. The indices were mixed at the closed with the Dow down all day.
Net on the day, the Dow was down 42.18 at 20,659.32. The S&P 500 was up 2.56 at 2361.13, just a couple points off the high and 9 points off the low. The Nasdaq 100 was up 23.06 at 5430.27, 3 points off the high and 25 points off its low.
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Wednesday, March 29, 2017
SPX Forms a Triangle / Stock-Markets / Stock Market 2017
SPX is having an “inside day.” The most likely formation appears to be the Triangle. It is “buying time” and is not likely to be complete until the close of the day or early tomorrow. It appears to be finishing Wave (d) now and Wave (e) is likely to decline to the Broadening Wedge trendline at 2355.00. Using the Triangle formula, SPX is likely to make a final surge from the trendline to 2365.00. The hourly mid-Cycle resistance is at 2364.48 and the 61.8% retracement is at 2364.13. This cluster of resistance may be pretty formidable, but act as attractors until its time.
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Wednesday, March 29, 2017
Critical Fibonacci Extensions May Mark End Of Trump Stock Market Rally / Stock-Markets / Stock Market 2017
Our research is showing critical Fibonacci extensions are in place for US Major Markets that may be foretelling of a massive market correction. Part of our research is to search for and study events and resources that are a bit abstract. One component of this research is to identify critical price levels and early warning triggers from abstract price data. The major US indexes and most individual all showing price advanced over the past years and many are showing extended price rallies since the US Presidential election on November 8, 2017. Yet, none are as foretelling as our “US Custom Index”.
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Tuesday, March 28, 2017
SPX Challenging its Cup with Handle Trigger Point / Stock-Markets / Stock Market 2017
SPX has completed a double zigzag from yesterday’s low. The rally has retraced 48.5% of the decline from 2390.01. It may have one zigzag left to finish a 50% retracement to 2356.13 or thereabouts. However the decline from 2390.01 and its retracement have gone exactly 60 hours, or 4.3 days at the 12:00 pm high. In other words, it may be complete, or nearly so at this time.
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Tuesday, March 28, 2017
Unusual Stock Market Mixed Session / Stock-Markets / Stock Market 2017
The stock market indices had a very unusual day, with huge gaps down, they broke support, in the first fifteen minutes showed extreme volatility, and then took off and ran from 5316 NDX all the way up to 5583 by midday. The S&P 500 jumped from 2322 to 2344, backed and filled, and then tried to rally again. Only in the last fifteen minutes they backed off.
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Monday, March 27, 2017
Stock Market 2017 Correction Continued / Stock-Markets / Stock Market 2017
The 93-day cycle low we’ve been following looks to have been successful – at least for the time being – with Wednesday’s intra-day low coming right on-time. However, with a Hybrid forecast for a high on/near 4/3/17, the rally off Wednesday’s low isn’t expected to be sustained.
As shown in last week’s Market Update, the long term intervals forecast a high anytime between now and August. However, they also forecast a low between now and November. As the upcoming high is not expected to be the end of the basic advance (point J) which began at point I of Lindsay’s Long Cycle, we can’t use the standard time spans to try and time this high. We only know that there is a high degree of risk in our immediate future.
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Monday, March 27, 2017
Stock Market Catalyst for Chaos / Stock-Markets / Stock Market 2017
Up until very recently, stocks had been humming along without so much as a minor speedbump and volatility was becoming a distant memory. However, it now seems prudent to once again remind investors that this extremely overvalued market is headed for an epic crash. The Cassandras, myself included, have been wrong about this warning for what seems like a long time. Nevertheless, much like those who warned of a housing bubble a few years before the bottom completely fell out, reality is destined to slam into the current triumvirate of asset bubbles, and those sounding the alarm will be proven correct again.
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Monday, March 27, 2017
US Stock Market Consolidation Time / Stock-Markets / Stock Market 2017
In the Wednesday Report the title read, What Type of Investor are You? My main focus was to show some intermediate to long term buy and sell signals based on the 21 month simple moving average and the MACD-Histogram. Tonight I would to take it one step further and look at the Chartology for some of the big stock market indexes which shows the intermediate to longer term perspective. There is one dominate chart pattern that has built out a consolidation pattern for the 2015 to 2016 correction.
Lets start by looking at a 4 year weekly chart for the $SPX which shows the dominate H&S consolidation pattern that was needed to consolidate the last rally phase. It could have been any number of different consolidation patterns, but this time it was the H&S consolidation pattern. Back in December of last year the SPX broke out above its neckline and has rallied strongly without much of a correction. Four weeks ago the SPX hit a high of 2401 and has been going nowhere which is suggesting the first real correction may be at hand since the rally out of the November elections low.
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