Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Monday, April 28, 2014
Virtually all asset classes may be in decline... Except the Dollar / Stock-Markets / Financial Markets 2014
SPX was stopped twice at 1872.00, but the third attempt apparently was the charm. It now appears that the first attempt at 1872.00 completed a sub-Minute Wave (a) of a Minute Wave [b] and the last attempt was sub-Minute Wave (c) of Minute Wave [b]. The rally attempt may be over.
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Monday, April 28, 2014
Don't Look Now But The Stocks and Housing Wealth Effect Is Over / Stock-Markets / Financial Markets 2014
The government's "ingenious" solution to end the Great Recession was to recreate the same wealth effect that engendered the credit crisis to begin with: The definition of the wealth effect is an increase in spending that comes from an increase in the perception of wealth generated from equities and real estate.
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Monday, April 28, 2014
All Stock Market Indices are Fata Morganas / Stock-Markets / Stock Markets 2014
Have you ever wondered what information a stock market index actually gives? An index point is not a fixed unit in time and does not have any historical significance.Two measurements during a marathon
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Monday, April 28, 2014
Stock Market Short-term vs Long-term / Stock-Markets / Stock Markets 2014
Current Position of the Market
SPX: Very Long-term trend - The very-long-term cycles are in their down phases, and if they make their lows when expected (after this bull market is over), there will be another steep decline into late 2014. However, the Fed policy of keeping interest rates low has severely curtailed the full downward pressure potential of the 40-yr and 120-yr cycles.
Intermediate trend - Probably tracing out an ending diagonal pattern.
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 discusses the course of longer market trends.
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Sunday, April 27, 2014
The Cost of Code Red - Speculative Bubbles / Stock-Markets / Liquidity Bubble
(It is especially important to read the opening quotes this week. They set up the theme in the proper context.)
“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
– Ludwig von Mises
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Sunday, April 27, 2014
Stock Market Bubble Phase: Gold Capitulation Follow Up / Stock-Markets / Financial Markets 2014
At the beginning of the month I theorized that stocks were about to enter a final bubble phase, and that during that process gold should deliver a capitulation phase to end the three year bear market. This is a follow up to see how things are playing out now that we have another months' worth of price action behind us.
For stocks it still remains to be seen whether or not they have one more surge higher into a final top. If one just looks at the NASDAQ it would appear that stocks have begun moving down into a bear market. However as I pointed out in my previous article it's not unusual to have one, and sometimes two very severe corrections before a final leg up in a ending bubble phase. As I pointed out in my previous article the NASDAQ had two back-to-back 10% corrections before a final 34% surge into that 2000 top.
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Sunday, April 27, 2014
Stocks Bull Market Continues / Stock-Markets / Stocks Bull Market
After a good rally last week, this week made a higher high then pulled back. For the week the SPX/DOW were -0.2%, the NDX/NAZ were -0.25%, and the DJ World index was -0.1%. Economic reports for the week were skewed to the upside. On the uptick: consumer sentiment, the monetary base, the WLEI, leading indicators, the FHFA and durable goods orders. On the downtick: the M1-multiplier, existing/new home sales, and weekly jobless claims were higher. Next week offers a plethora of economic data, including: Q1 GDP, monthly Payrolls and the FOMC.
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Saturday, April 26, 2014
Stock Market Bad Day, But Only Down 0.08% for the Week / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short: This morning’s Consumer Sentiment for April was surprisingly upbeat, but the market had a bad day today, with NASDAQ’s Amazon (AMZN) down a whopping 9.88%. The S&P 500 opened in the shallow red at its intraday high, ignored the positive Consumer Sentiment report, and sold off in a couple of waves to a relatively narrow afternoon trading range. The index hit its -1.01% intraday low at 2:30 PM but trimmed the loss to 0.81% at the close. It was a bad day for the 500, but the index was only down a fractional 0.08% for the week.
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Saturday, April 26, 2014
Is U.S. Housing Ringing The Stock Market’s Bell Again? / Stock-Markets / Stock Markets 2014
It is said that they don’t ring a bell at stock market tops.
However, the housing industry has sometimes been quite adept at doing just that. In fact, it has been quite prescient in leading the economy, and thus the stock market, in both directions.
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Friday, April 25, 2014
What It Means When the DJIA Stock Market Index Goes Post-Industrial / Stock-Markets / Stock Markets 2014
Every time you use a new app on your smartphone, you may utter a silent prayer of gratitude for living in a post-industrial age. No more back-breaking heavy labor. Now, it's all about technology and brain power.
But what does it mean when the Dow Jones Industrial Average enters the post-Industrial Average age? Here's a hint from The Elliott Wave Financial Forecast that was published last October:
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Friday, April 25, 2014
Gold, Crude Oil and S&P500 Elliott Wave Outlook / Stock-Markets / Financial Markets 2014
S&P500 has turned significantly to the upside in the last two weeks and recovered above the upper channel resistance line. Move from 1803 can be counted in five waves, thus it's part of a bigger move that should be made minimum in three legs. However, before uptrend resumes we need to be aware of a three wave corrective retracement that can already be underway now back to 1840-1856 region.
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Friday, April 25, 2014
Stock Market SPX Index Breaks Bear-term Support / Stock-Markets / Stock Markets 2014
SPX began sliding in Pre-market, challenging yesterday’s low at the open. This may be the beginning of a panic attack that could bring SPX down to the 50-day moving average at 1858.47 in a hurry.
Things are heating up in Eastern Europe and may get uglier later today.
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Friday, April 25, 2014
Pathogenesis Of Systemic Failure - Change Agents For Crisis Climax / Stock-Markets / Financial Markets 2014
Systemic failure and its pathogenesis have been over 50 years in progress, with countless events. The origin is found with the cabal murder Kennedy, but the climax finale will be found with the Saudi Petro-Dollar rejection and the arrival of Eastern gold-backed currencies. The pathogenesis is fierce, vicious, multi-faceted, coordinated, enforced, unstoppable, destructive, vile, with many unfortunate aspects and facades. The extreme vulnerability of the financial crime syndicate can finally be seen, the symptoms obvious. If somebody had asked Greenspan in 1995 whether the day would ever come when the US Federal Reserve would install Zero Interest Policy and keep the 0% rate in place indefinitely, then install Quantitative Easing and keep the bond monetization in place permanently, approximately 0% of the experts would say the day would arrive.
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Friday, April 25, 2014
Has the Stock Market S&P Topped At Exactly The Same Price As Gold? / Stock-Markets / Stock Markets 2014
Chances are high that the S&P500 is in the process of making a huge top. We will discuss our rationale in this article, based on the gold to equities ratio, as well as current market conditions.
The extremely interesting fact is that spot gold has topped at exactly the same level as the S&P500 top (to date, on a closing basis). Compare the following data:
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Thursday, April 24, 2014
Apple, Facebook Beat Expectations - Stock Markets Long-term Recap / Stock-Markets / Stock Markets 2014
Courtesy of Blain writes: Indexes took a little rest today, which as we said yesterday was probably needed. There was actually some bad economic news in housing and the market didn’t react much at all which is something bulls will like. After the close was a surprise stock split by Apple (AAPL) which will help the indexes tomorrow as the stock is up strongly in after hours. The S&p 500 fell 0.22% and the NASDAQ 0.83%. The Commerce Department reported new home sales fell 14.5 percent in March, the worst sales month since July. Again it is not the news that matters to markets, but the reaction to the news and the market didn’t really care.
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Thursday, April 24, 2014
Broad Stock Market Situation on the Remains Tense as Companies Release Quarterly Earnings / Stock-Markets / Stock Markets 2014
Briefly: In our opinion no speculative positions are justified.
Our intraday outlook remains neutral, and our short-term outlook is neutral:
Intraday (next 24 hours) outlook: neutral
Short-term (next 1-2 weeks) outlook: neutral
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish
Thursday, April 24, 2014
How High-Frequency Traders Use Dark Pools to Cheat Investors / Stock-Markets / Market Manipulation
While dark pools are not inherently bad, the abuse of dark pools by high-frequency traders has made it easier to exploit everyone else in the market, and increases the odds that a market downturn could quickly become a stock market crash.
So what are "dark pools," anyway?
Dark pools are off-exchange platforms that allow large investors, such as hedge funds and pension funds, to trade stocks anonymously. Dark pools arose in the late 1990s from a desire by these big players to conduct large-scale trades without tipping their hand.
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Thursday, April 24, 2014
Stock Market Bears Wrong Again, Apple to Push Dow to New All time High / Stock-Markets / Stock Markets 2014
Despite continuing perma bearish diatribe of why the stocks bull markets demise is always imminent, instead the general stock market indices such as the S&P have been setting new all time highs with the Dow set to imminently make its next all time closing high that follows on strong corporate news from the tech giants such as Apple and Facebook.
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Wednesday, April 23, 2014
Inverse relationship between the Yen and SPX / Stock-Markets / Stock Markets 2014
The daily SPX chart shows two Orthodox Broadening Tops in place. This is natural for fractals…yes, you are seeing double. This often happens with other formations as well. For example, smaller Head & Shoulders formations will appear within larger ones.
There are signs of weakness in these formations. The upper trendline of the blue Orthodox Broadening Top was overridden by the Ending Diagonal trendline, but it persisted in making a seventh point at 1897.28. Within that top is yet another Orthodox Broadening Top which may be failing as we speak. A failure to reach the upper trendline may be construed as a sell signal.
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Wednesday, April 23, 2014
What Will December 31, 2014 Financial Headlines Look Like? / Stock-Markets / Financial Markets 2014
The financial forecasts around the end of 2013 brimmed with optimism. Here are just a few examples:
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