Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Thursday, November 15, 2012
Financial Markets Second Shoe About to Drop? / Stock-Markets / Financial Markets 2012
The first shoe dropped to the floor in September 2008. With heroic obtuseness regarding the causes, the world’s central bankers flooded the financial markets with liquidity. Arguably, all that this achieved was a type of Indian summer. It seems that we are about to experience the consequences of that misguided behaviour. There is no such thing as a free lunch. One cannot create wealth out of thin air by printing money.
The four charts below seem to be pointing to an important inflexion point. The financial markets appear to be on the verge of panic.
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Wednesday, November 14, 2012
Stock Market S&P 1375 Support Breaks / Stock-Markets / Stock Markets 2012
The bears had their chance yesterday morning with the S&P 500 gapping below 1375. It opened at 1371, only to see the bears give it up to an intraday rally that carried the index back to the low 1380's. The bears had to feel bad mostly because losing key support, such as S&P 500 1375, usually happens on a strong gap down and run. They accomplished the gap down but did not succeed on the run. The bulls found a way to hold the line. Then came last night and Cisco Systems, Inc. (CSCO) fooled the masses with a very nice report and some better than expected guidance. More on that later. The futures exploded higher. The bulls felt they had held the line in the sand and now it would be reversal up time. The futures were strong all night, but they began to weaken some as the morning wore on, although we still had a decent gap up open today. It didn't take long before the upside started to erode. The S&P 500 testing back towards 1375 again.
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Wednesday, November 14, 2012
Stock Market Holiday Rally Looks to be a Turkey / Stock-Markets / Stock Markets 2012
A rally into the U.S. Thanksgiving holiday is standard fare for the equity markets as it is for most holiday-shortened weeks. There should be plenty of meat for the bulls; unfortunately, it looks to be a bull-trap.
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Wednesday, November 14, 2012
Stock Market Crash Begins Today / Stock-Markets / Stock Markets 2012
The SPX slipped loose of all supports this morning. Yesterday’s failure to test the underside of the Orthodox Broadening Top as I had indicated tells us that more weakness is to be expected.
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Wednesday, November 14, 2012
Emerging Stock Markets Forecast 2013: Forget the BRICs Buy These Markets Instead / Stock-Markets / Emerging Markets
Martin Hutchinson writes: Savvy investors know there is far more to the markets than sitting on your hands worrying about the fiscal cliff.
Believe it or not the world doesn't revolve around the United States-or the Western world.
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Wednesday, November 14, 2012
Marc Faber Warns Global Stock Markets Will Implode / Stock-Markets / Financial Crash
In this "Squawk Box" excerpt, Marc Faber warns investors to prepare for an eventual "'reset" of the global financial system:
“The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”
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Tuesday, November 13, 2012
Stock Market Dump and Pump? / Stock-Markets / Stock Markets 2012
Yesterday’s low volume may be attributed to the bank holiday yesterday. This morning, the SPX declined 8 points at the open, then shot up, powered by the newly-turned-on HFT computers. It appears that the SPX may be completing a Minute Wave [c] of 2 this morning, rather than yesterday, as my Model had supposed.
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Tuesday, November 13, 2012
Euro-zone Trauma Means Stock Market Technical Weakness Continues / Stock-Markets / Stock Markets 2012
The technical picture in the market continues to deteriorate. The divergence between the Dow Transports and the Dow Industrials has been resolved with both indices now adopting a bearish stance. The Dow 30, the Dow 20 and the NASDAQ are all trading below their 200 day moving averages. The S & P 500 is only 3 points above this important technical level. In addition, with regard to market breath, the 20 day moving average has crossed the 50 day moving average on the McClennan Summation and the NYSE Advance/Decline Line. I am a great believer in market breath indicators so I reckon we are on the cusp of a bear trend turning into a bear market. It is all in play as we speak but for me the deciding indicator will be the Dow Transports. As mentioned in the October brief, should this index break below the 4850 level decisively, in all probability the bear trend will have gained "legs to last".
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Tuesday, November 13, 2012
It Looks Like the Stock Market Is Saying "OMG" / Stock-Markets / Stock Markets 2012
Shah Gilani writes: Today I want to talk about a few things I've been scratching my head over lately.
First, about those polls leading up to the presidential contest.
How come they were so wrong? How come the candidates were inches apart right up to the finish line, and then it's like a "tortoise and the hare" kind of ending?
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Tuesday, November 13, 2012
Stock Market S&P 1375 Holds For Now... / Stock-Markets / Stock Markets 2012
The market closed last week a few points above that critical area of support for the S&P 500. With the Dow and Nasdaq already decently below their critical levels of support or the 200-day exponential moving average, everyone was wondering this weekend whether the S&P 500 would follow along.
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Tuesday, November 13, 2012
Market Forecasts for U.S. Stocks, Bonds, Gold, Silver, Dollar / Stock-Markets / Financial Markets 2012
Now - Nov. 19, you can join a free analysis-packed event for investors in the U.S. markets, hosted by Elliott Wave International, the world's largest financial forecasting firm.
Packed with videos, charts, analysis and more, this event centers around EWI's three flagship publications: The Elliott Wave Theorist, The Elliott Wave Financial Forecast, and the Short Term Update. During this rare event, you will get to see the analysis and forecasting from each of these premier U.S. market publications.
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Tuesday, November 13, 2012
US Stock Market Downtrend Nearing a Low / Stock-Markets / Stock Markets 2012
The US market rallied into election day, and then sold off after President Obama was re-elected. During the selloff the trends of all four major US indices realigned, for the first time since early October. For the week the SPX/DOW were -2.25%, and the NDX/NAZ were -2.65%. Asian markets lost 1.4%, European markets lost 2.1%, and the DJ World index lost 2.1%. On the economic front positive reports outpaced negative reports 7 to 2. On the downtick: ISM services and the WLEI. On the uptick: consumer credit, the trade deficit, export/import prices, consumer sentiment (5 year high), wholesales inventories, and weekly jobless claims improved. Next week we get to review the FOMC minutes, plus reports on Retail sales, the PPI/CPI and Industrial production.
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Monday, November 12, 2012
The Stock Market Just Realized Two BIG Problems / Stock-Markets / Stock Markets 2012
The US Presidential election ended November 6, 2012. Since that time, the market has fallen 3%.
There are a multitude of reasons for this, but the primary one is the fact that the markets is beginning to realize two key items:
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Monday, November 12, 2012
The Fiscal Cliff is a Mole Hill Compared TAG Program Expiry / Stock-Markets / Credit Crisis 2012
Shah Gilani writes: Everyone is afraid of falling off the "fiscal cliff." But there's another dangerous countdown clock about hit to zero.
And no one is talking about it, even though it will spell even more financial problems for us all.
At midnight on December 31, 2012, the Transaction Account Guarantee (TAG) program will expire.
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Monday, November 12, 2012
Gold Prepares for Breakout as Stock Market Trends Towards a Crash / Stock-Markets / Financial Markets 2012
We exited our short positions in gold for a modest but useful profit when it broke out of its downtrend towards the end of October. It then broke sharply lower on heavy turnover in a move that looks capitulative, but afterwards turned and rose quite sharply over the past week. So the question now is “has it bottomed?” Although the answer to this question is “Yes, it looks like it has”, it also looks like it may back and fill for a little while to complete a base pattern before a sustained advance can get underway. COTs, particularly for silver, continue to give grounds for caution and warn that the current turn may be the B-wave trap of a A-B-C correction. We are aware of this danger and place stops accordingly to protect us from it.
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Monday, November 12, 2012
MAP Wave Analysis - Stock Market Clues of US Fiscal Cliff? / Stock-Markets / Stock Markets 2012
In March MAP Wave Analysis projected the DOW ideal Q-2 reaching 13750 by November in Dow Stock Market Index Ready to Form a Major Top. Then in October the DOW failed to make a new high as detailed in DOW Stock Market Index 2007 Retest Failure – Game Over USA and in Best Stock Market Shorting Opportunity in 300 Years the context of the conclusions was detailed.
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Monday, November 12, 2012
Stock Market Ready for a Bounce Within Intermediate Downtrend / Stock-Markets / Stock Markets 2012
Current Position of the Market
SPX: Very Long-term trend - The very-long-term cycles are down and, if they make their lows when expected (after this bull market is over) there will be another steep and prolonged decline into late 2014. It is probable, however, that the steep correction of 2007-2009 will have curtailed the full downward pressure potential of the 120-yr cycle.
SPX: Intermediate trend - SPX has made a triple top, which is a bearish pattern. It has now given a strong indication that an intermediate correction is underway.
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Sunday, November 11, 2012
The Best Stock Trade You Can Make in November / Stock-Markets / Stock Markets 2012
Alexander Green writes: In December 1996, I sold some shares of Best Buy (NYSE: BBY) to offset gains elsewhere in my portfolio.
I still consider it the most boneheaded investment move I ever made. A year later, the stock was up more than five-fold. A few years further on, it was up more than 30-fold.
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Sunday, November 11, 2012
Time to Buy Stocks, End of Year Santa Rally is Setting up! / Stock-Markets / Stock Markets 2012
World stock markets are dropping.
This time of year traditionally sees a rally. It is called the year end rally, or the Santa Claus rally. What is going on?
Investors are worried, they want to know if Christmas is cancelled this year. In this article I look at how cycles will effect the outcome.
Sunday, November 11, 2012
Stock Market Election Week Modest Gain / Stock-Markets / Stock Markets 2012
Courtesy of Doug Short : After two days of harsh post-election selloff, the S&P 500 finished the day with a modest gain. For the first 30 minutes of trading, the index appeared directionless, but a strong consumer sentiment number put the index in rally mode, which lasted to the lunch-hour interim high, up 1.04%. The index then gave up most of the gains. A mid-afternoon rally had no staying power, and the index closed with a small but welcome gain of 0.17%. For election week, the index fell 2.43%. This was the worst weekly performance since the last week in May.
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