Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Wednesday, April 20, 2016
Stocks or US Dollar About to Enter a Bear Market / Stock-Markets / Financial Markets 2016
The first month and a half of 2016 were brutal for the U.S. equity market, as the major averages plunged over 10%. The culmination of the decline came on Feb 11th when the Dow Jones Industrial Average dropped 1.6%, and the S&P 500 decreased 1.2%. Since then, the market has managed to hobble back to its 2015 closing level, leaving major averages relatively flat for the year.
But to understand where the market is heading from here we need to recognize what caused the selloff in early 2016 and what led to the recent rebound.
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Tuesday, April 19, 2016
Stock Market Advance/Decline Line / Stock-Markets / Stock Markets 2016
The cumulative advance/decline line (not to be confused with the "other" advance/decline line) has thrown a wrench into the bearish equity scenario as it exceeded the old April high and made a new high last week. This indicator is watched far and wide by technicians as a reliable (yet, not perfect) indicator. In Aug 2014 it reached to a new high only to see the Dow drop 7.00%. In July 2011 it hit a new high and was followed by a decline of 19.00% in the Dow. Nevertheless, bears need to stay on their toes.
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Tuesday, April 19, 2016
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Tuesday, April 19, 2016
Stocks, What Oil Problem?...... / Stock-Markets / Stock Markets 2016
There was a much anticipated meeting on whether the world's oil producing countries would put a freeze on future oil production since there was a glut due to decreasing demand. If the freeze was to be accepted, it was likely that oil would soar and take the market with it. If the freeze was not accepted, then it was likely oil would tank and yes, take the market with it. The news was bad as the freeze was turned down. The result was a very nasty move lower in oil and in our futures last night. It looked like the market was ready to give it up. To lose the breakout over the trend line at 2075. It had trouble for a few days putting that level away with force. failure seemed to be in the cards. Seemed to be, but in the end it wasn't.
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Monday, April 18, 2016
Brazil Impeaches President Rousseff; Where to for Brazil and its Currency? / Stock-Markets / Brazil
In a 367-137 vote with two absent and seven abstentions, Brazil's lower house of Congress voted to impeach President Dilma Rousseff.
342 vote were needed. To reach that total, members of her own party had to abandon Ms. Rousseff.
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Monday, April 18, 2016
Markets - When In Doubt Inflate Financial Paper / Stock-Markets / Financial Markets 2016
"For we wrestle not against flesh and blood, but against principalities and powers, against the rulers of the darkness of this world, against spiritual wickedness in high places." Eph 6:12
Here are the basic stock and precious metal and economic charts as of about 2:00 EDT.
The economic news this morning was rather poor, and the luster with which Wall Street attempted to paint the financial sector in light of the 'great results' from JPM were fading as the 'better than expected' results over lowered expectations from CITI were not so lustrous year over year. I think we might be in the midst of another handoff of long positions from the pros to the 'others.' But only time will tell as we bang against an obvious overhead resistance point. Read full article... Read full article...
Monday, April 18, 2016
Stock Market Premarket is Down / Stock-Markets / Stock Markets 2016
Good Morning!
SPX futures declined to short-term support at 2062.36 in the overnight session. The Premarket is down, but partially recovered from its earlier plunge. The overnight bounce at Short-term support indicates the probability that it may not hold the second time. The rally trendline and mid-Cycle support at 2056.35 may be the next challenge later today.
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Monday, April 18, 2016
Stock Market More Uncertainty Ahead Of Quarterly Earnings Releases / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,100, and profit target at 1,950, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Monday, April 18, 2016
US Stock Market Indices MAP Wave Analysis Q2 Update / Stock-Markets / Stock Markets 2016
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All 4 major US indices are set to top over the next two weeks running into long term cyclical resistance, before heading off to new low onto late Q3 early Q4 if they fail to break out to new highs, so this year looks like no Santa rally!
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Sunday, April 17, 2016
Continuing Stock Market Topping Pattern? / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The beginning of a lengthy correction is probably underway!
SPX Intermediate trend: Potential rally top.
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Saturday, April 16, 2016
Investor Solvency and Market Sanity / Stock-Markets / Financial Markets 2016
We all know the old saying that ‘the market can remain insane longer than investors can remain solvent’. We are now living the phrase.
4/13/16: JP Morgan bank released quarterly results. Earnings were down 6.7% and revenue was down 3% (even by fraudulent bankster accounting). The stock price went up over 4.5%. Schazaamm!
Ditto for other big banks Bank of America, Wells Fargo, and Citigroup. Earnings and revenues were down. Stock prices were up.
Friday, April 15, 2016
What's Behind the Longest Stock Market Rally? / Stock-Markets / Stock Markets 2016
Good Morning!
SPX closed above its hourly Cycle Top at 2082.44 last night, but appears to have dropped beneath it in Premarket action.
ZeroHedge comments, “Good news is still bad news after all.
After last night's China 6.7% GDP print which while the lowest since Q1 2009, was in line with expectations, coupled with beats in IP, Fixed Asset Investment and Retail Sales (on the back of $1 trillion in total financing in Q1)...
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Thursday, April 14, 2016
Stock Market Cycle Top Final Stretch / Stock-Markets / Stock Markets 2016
The Cycle Top is holding support for SPX at 2079.26 thus far. It appears to have completed all but the last probe higher to complete the pattern. The target range appears to be 2085.88 to 2086.99. It may happen yet this morning or early afternoon, so stay alert. The first sign of a reversal comes when the Cycle Top no longer provides its support.
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Thursday, April 14, 2016
Why We’re About to See the Largest Wealth Drought in Modern History / Stock-Markets / Credit Crisis 2016
If there’s anything the Chinese have going for them, it’s savings. Only a handful of countries have a higher savings rate than they do. For a still relatively poor emerging country with GDP per capita about a fifth of that in the U.S., the Chinese get an A+ in this area.But if diversification and asset allocation are the key to preserving wealth, then the Chinese get an F!
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Thursday, April 14, 2016
Stocks Continue Their Rally As Investors Remain Bullish Ahead Of Earnings Releases / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,100, and profit target at 1,950, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Thursday, April 14, 2016
Stock Market Dow Rally Almost Done / Stock-Markets / Stock Markets 2016
The Dow just keeps plugging higher but all good things must eventually end so let's review the daily chart to see where the good times are likely to end.
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Thursday, April 14, 2016
Nice Stock Market Session for Wall Street Indeed / Stock-Markets / Stock Markets 2016
The stock market indices had a very strong session today. The day started out with a gap up from the get-go, extending the gains, and then consolidating. When the S&P 500 went to higher-highs at 2080, the NDX failed to break out, they pulled back midafternoon, but not too badly. They then came on again, got up to 4560 Nasdaq 100, and 2083 S&P 500.
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Thursday, April 14, 2016
Stock Market Breaking Out A Bit... / Stock-Markets / Stock Markets 2016
It wasn't the biggest, most forceful breakout above trend-line resistance I've ever seen, but it was a breakout and should be treated as such unless we immediately lose it back tomorrow. I know that seems unlikely, but this is the stock market, and all possibilities need to be respected. If the breakout had been more forceful then I wouldn't be talking about losing the move up, but it was fairly tepid, so we keep it in the back of our minds.
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Wednesday, April 13, 2016
Stock Market Battle Royale / Stock-Markets / Stock Markets 2016
Good Morning!
The Dow Premarket has been up as much as 100 points in a battle for market ascendancy. This must be measured against the prior highs at 17914.14 on November 20 and 17977.85 on November 3. The Triangle formation does not appear to be valid, even if the DJIA does not reach either of these levels. Should Wave [v] be complete beneath either of these levels, the DJIA will go down with the rest of the market in the next week to probable new lows.
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Wednesday, April 13, 2016
Saudi-Russia Deal Send Oils Stocks Flying High / Stock-Markets / Stock Markets 2016
It certainly was turn-around Tuesday for the stock market today as the indices dipped in the morning, and when the news came in that Saudi Arabia and Russia had agreed on a production freeze, the oil's took off running, pulling the rest of the market up with them. The S&P 500 jumped from 2040 to an afternoon high of 2065, a 25-point run-up, which was a very strong move. The Nasdaq 100 exploded from 4435 to over 4500, about a 68-point rally. At the end of the day they backed off a little, and in the last five minutes they came on again to finish firm.
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