Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Monday, April 14, 2014
Gold, Crude Oil and SP500 Elliott Wave Patterns / Stock-Markets / Financial Markets 2014
S&P500 has turned nicely to the downside last week from 1865/1870 resistance area where wave 2/B completed a corrective rally. Market already reached a new swing low but based on downside fib. projections and strong bearish momentum price could be moving down in wave 3 towards 1765 zone. Only rally above the upper resistance line of a current downward channel would put market back in bullish mode.
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Monday, April 14, 2014
Stock Market Nearing Rally in a Downtrend / 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 - Failed to overcome resistance at the high. Starting intermediate decline.
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Sunday, April 13, 2014
Are We Heading For Another 1987-Style Stock Market Crash? / Stock-Markets / Financial Crash
The big story developing in the US markets regards the sudden crackdown by regulators, most notably the SEC and Justice Department, on High Frequency Trading or HFT.For well over five years now, certain trading firms have been using high-speed computers to front-run orders from other investors. Read full article... Read full article...
Saturday, April 12, 2014
Stock Market Potential Diagonal Triangle Pattern Forming / Stock-Markets / Stock Markets 2014
A volatile and somewhat disappointing week for the bulls. The week started off with a gap down on Monday, followed by a tradable low at SPX 1837 on Tuesday. Then after a rally to SPX 1873 at Thursday’s open, the market sold off rapidly into Friday. For the week the SPX/DOW were -2.50%, the NDX/NAZ were -2.85%, and the DJ World index was -2.0%. Economic reports for the week, oddly enough, were all to the upside. On the uptick: consumer credit, wholesale inventories, export/import prices, the PPI, consumer sentiment, the WLEI, the M1-multiplier, plus the budget deficit and weekly jobless claims both improved. Next week we get reports on the FED’s beige book, Industrial production, the NY/Philly FED and Housing.
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Saturday, April 12, 2014
Stock Market Bears Taking Over....Deeply Oversold Short Term... / Stock-Markets / Stock Markets 2014
It's the same old story folks. The bears bring the market indexes down to critical support zones. All they need is a gap down. Just one nasty gap down to put the final nail in the coffin. You can forget about that. Instead of gap downs we get gap ups. The bulls, where they have to, gap it up and send the bears back into hibernation. I know it makes absolutely no sense with how nasty those daily, weekly, and monthly charts look, but you can't fight the Fed, who, once again, reassured the market with the Fed minutes report that all is well. Ms. Yellen said she will be there to make sure the bull market continues with low rates. Once the Fed minutes came out, a good day for the bulls turned into a great day for them as the market doubled its gains into the close.
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Saturday, April 12, 2014
Manipulated Stocks Markets And The Empty Bag / Stock-Markets / Market Manipulation
Well, stocks are down substantially over the past few days, with internet and biotech taking big hits, and we see people like Marc Faber and Dennis Gartman urging people to get out of stocks. Something’s definitely going on. Time for a bunch of charts. And let’s start with a few of the comparison ones that everybody loves to hate, where you overlay when time period on another, and suggest similarities between both periods. This first one was used by Tyler Durden as an illustration for Marc Faber’s latest doom message. By the way, Faber says the markets are figuring out that the Fed is clueless, and I’m not so sure about that, I think it’s more likely that the Fed is not trying to do what it says it is, and that what it does try it does very well. And if that includes a stock market bust, it won’t hesitate. But so, here’s 1987 and 2014:
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Saturday, April 12, 2014
Stock Market - It’s Not Time to Panic… It’s Time to Buy / Stock-Markets / Stock Markets 2014
Michael A. Robinson writes: Over the last couple of weeks, I’ve heard some pundits on TV refer to the current tech market as a “crash” in the making.
Don’t believe them.
Seems like whenever some big tech leaders get clipped, the “pundits” come out of the woodwork with all sorts of dire predictions.
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Saturday, April 12, 2014
Doctor Doom on the Fiat Money Empire Coming Financial Crisis / Stock-Markets / Credit Crisis 2014
Save The Threatened Empire
Almost openly now, the long-running attempt to kick the price of gold down, and keep it down to Save the Money and stoke further frenzied and unreal price growth of equities has overreached. The fiat money empire is more threatened, today, than for decades and the train has hit the buffers. Speaking on CNBC this week, the veteran market expert Marc Faber – often ridiculed by business media as a Doctor Doom who always exaggerates – was given more respect than he normally gets. There were no you-said-it-before jibes when he said a 1987-style “pure financial” market crash is coming. Leading the way, he said, the insanely-overpriced Internet and Biotech stocks will be the first to go. Apart from what he called “cloud cuckoo” stock and asset prices, the basic upstream trigger are the antics of the US Fed, which like other central banks has upped the ante to the point where, Faber said, anybody can see the Fed is a “clueless organization”. Global monetary overreach went viral years ago.
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Friday, April 11, 2014
Stock Market Selloff Resumes / Stock-Markets / Stock Markets 2014
The pre-market release of an unexpectedly good jobless claims report was ignored by today’s market. The three-day selloff in the S&P 500 that began last Thursday resumed after a two-day reprieve. The index fell steadily through the day with a failed attempt to reverse directions in the early afternoon and again in the closing hour. The -2.09% final tally was fractionally off the -2.21% intraday low shortly after 3 PM. This was the second worst decline of the year — the worst being the -2.28% of February 3rd. Once again the Tech Sector posted the biggest declines, with the Nasdaq Composite down 3.10%, its biggest drop since November 2011.
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Thursday, April 10, 2014
S&P 500: Bearish Reversal / Stock-Markets / Stock Markets 2014
S&P 500 found a support in the last 48 hours after a completed impulse decline from 1892. As such, current rally can be sharp corrective recovery that should then find a top somewhere around 1865/1870 zone. A reversal from here and back to 1844 would be a strong and important evidence for a downtrend continuation to a new swing low and possibly even to 1800.
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Thursday, April 10, 2014
Considering Dumping Stocks? Why You Should Reconsider / Stock-Markets / Stock Markets 2014
George Leong writes: I’m starting to receive more questions regarding the state of the stock market and whether it’s simply a bout of profit-taking or the set-up of a deeper stock market correction.
First of all, panicking is not what you want to do. Yes, we are seeing some selling surfacing, but that doesn’t necessarily mean you should go and dump stocks.
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Thursday, April 10, 2014
A Dovish Fed Feeds the Stock Market Rally / Stock-Markets / Stock Markets 2014
The interim rally that began yesterday picked up steam today, assisted by 2 PM FOMC minutes, which the market saw as accommodative in removing “outdated” the 6.5 percent unemployment target for raising interest rates. The S&P 500 opened higher and traded up to a narrow mid-day range prior to release of the Fed minutes. Promptly at 2 PM the index roared higher and overcame a bit of 3 PM selling with a second advance. It closed with a 1.09% gain for the day, just fractionally off its 1.11% intraday high.
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Thursday, April 10, 2014
Stock Market Bears Let It Slip Away.....Again...For Now.... / Stock-Markets / Stock Markets 2014
It's the same old story folks. The bears bring the market indexes down to critical support zones. All they need is a gap down. Just one nasty gap down to put the final nail in the coffin. You can forget about that. Instead of gap downs we get gap ups. The bulls, where they have to, gap it up and send the bears back into hibernation. I know it makes absolutely no sense with how nasty those daily, weekly, and monthly charts look, but you can't fight the Fed, who, once again, reassured the market with the Fed minutes report that all is well. Ms. Yellen said she will be there to make sure the bull market continues with low rates. Once the Fed minutes came out, a good day for the bulls turned into a great day for them as the market doubled its gains into the close.
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Wednesday, April 09, 2014
The Stock Market and Dow Theory / Stock-Markets / Dow Theory
I have recently received a number of e-mails, phone calls and texts asking if we have recently seen a “Dow Theory Buy Signal.” As I understand it, this question was prompted as a result of the Industrials and the Transports having moved to new intraday highs last week. I want to explain each and every issue with this alleged “Dow Theory Buy Signal.” Then, I will walk you through the Dow Theory events that have followed in the wake of the 2009 low and where we are now in accordance with Dow Theory.
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Wednesday, April 09, 2014
Stock Market Three-Day Selloff Ends / Stock-Markets / Stock Markets 2014
Today the S&P 500 snapped a three-day losing streak with a modest gain. The bounce was largely driven by a reversal in the recent plunge in Tech stocks, with IYW (the iShares Tech ETF) up 0.99%. The 500 opened fractionally higher and then sold off to its -0.41% intraday low. It then recovered to a relatively narrow trading range from the late morning to its 0.38% advance at the closing bell, which was off its 0.54% mid-day high.
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Wednesday, April 09, 2014
Dow Stock Market Double Top - Fib or Fact? / Stock-Markets / Stock Markets 2014
As of last Wednesday, the Dow has printed a double top. The time span between 12/31/13 and Wednesday’s closing high is 92 days. A Fibonacci 38.2% of the distance between those two dates is 35 days and 35 days past 12/31/13 marked the closing low on 2/3/14.
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Tuesday, April 08, 2014
Final Bubble Phase for the Stock Market: Final Capitulation for Gold / Stock-Markets / Financial Markets 2014
After two hard days down in the stock market I'm going to take a contrary position and say that this is just a normal profit taking event and that stocks are going to recover and head back up to new highs. I still think this market needs to have a final blow off bubble phase before the bull can die. The final bubble phase for stocks should usher in the final capitulation stage of gold's 2 1/2 year bear market. For those like SMT subscribers that are sitting in cash, this final capitulation is going to represent one of the greatest buying opportunities of this generation.
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Tuesday, April 08, 2014
Dow and Nikkei Stock Market Tops / Stock-Markets / Stock Markets 2014
Nikkei top and relationship with the DOW - UPDATE - DOW wave (5) top and Nikkei wave (2) top
We issued a newsletter on Feb 17th discussing the possible relationship between the Nikkei and the DOW. The newsletter included charts to illustrate this relationship and suggested that we would see a DOW top while the Nikkei completes wave (2) up. This appears to have occurred on Apr 3 2014 for the Nikkei and on Apr 4 2014 for the DOW. Some of the charts below are from the Feb 17th newsletter.
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Monday, April 07, 2014
Flash Boys - Why You Need to Read Michael Lewis’ New Exposé / Stock-Markets / Resources & Reviews
Shah Gilani writes: No doubt you’ve heard about Michael Lewis’ new book, “Flash Boys.”
And, no doubt you’ve been hearing more than ever before about the subject of Lewis’ book, High Frequency Trading (HFT).
I ran to Barnes & Noble to buy the book the second I heard about it last week. They didn’t have any copies. So, I ordered it online, which was cheaper anyway.
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Monday, April 07, 2014
Stock Market Selloff New Downtrend Or Just A Short-Term Pullback? / Stock-Markets / Stock Markets 2014
Briefly: In our opinion no speculative positions are justified.
Our intraday outlook is neutral, and our short-term outlook is now neutral, following Friday’s move down:
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