Category: Stock Markets 2010
The analysis published under this category are as follows.Thursday, November 04, 2010
Stock Market Indices Rally After Post-FOMC Dip to Close Higher / Stock-Markets / Stock Markets 2010
The stock market indices had a down morning and then vacillated wildly after the FOMC announcement. This included a sharp dip down to 2132 on the Nasdaq 100, reaching trend line and moving average support, and a dip near 1184 on the S&P 500, also testing trend line and moving average support. But when that held the indices ripped to the upside, swinging around from 2132 to 2160 on the NDX and from 1184 to 1198 on the SPX. They backed off in the last hour, but came on again in the last 15 minutes to close up on the day.
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Thursday, November 04, 2010
Ben Bernanke Trying To Inflate The Stock Market.... / Stock-Markets / Stock Markets 2010
sent that message loud and clear today. He wants the bond market to die. He wants the dollar to die, and he wants the stock market to rise in an effort to keep the economy on the road to recovery. Without a dead dollar and without a strong bond market, money won't rotate in to equities. If money rolls in to equities then the stock market climbs giving people more money to throw back in to the economy. A simple equation really, and he's working hard to make it all come true. He will flood cash in to the system. He said he'll do whatever it takes to keep our economy humming along.
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Wednesday, November 03, 2010
QE2 Stock Market Warning, What if Nothing Happens? / Stock-Markets / Stock Markets 2010
What if nothing happens?
This is the most anticipated monetary event in a long time. Combine it with a big change in the political landscape and we have the potential for a blockbuster move, but which way and how far.
Wednesday, November 03, 2010
Gold and SP500 Bull Markets Continue To Leave Investors Behind / Stock-Markets / Stock Markets 2010
In my recent forecast updates for my subscribers and also in my free articles online, I have expounded on the virtues of Elliott Wave Theory, which I use as my linchpin for my short and long term views. To wit, back in August 2009 I made it clear that we would enter a five year period of a massive move up in both Gold and Gold Stocks. Gold was $900 an ounce at the time, and is now at $1360 an ounce. I made that forecast based on human behavioral patterns that go back centuries.
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Wednesday, November 03, 2010
Sentiment Indicators Signaling a Major Stock Market Top / Stock-Markets / Stock Markets 2010
The S&P 500 index is nearly back to its April high. In the bigger picture the market can be seen as tracing out a major topping formation lasting nearly one year. Valuations are historically high, and macroeconomic leading indicators are showing a considerable recession risk.
Additionally, liquidity indicators like money supply and credit growth have deteriorated markedly for many months. To me this market looks ready for its next major cyclical bear market move.
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Wednesday, November 03, 2010
Dollar Drop Fuels Stock Market Rally... / Stock-Markets / Stock Markets 2010
The Euro soared against the dollar providing ample fuel for a rise in U.S. Equities on the day of the elections in the U.S. and on the even of the latest FOMC rate decision and statement on QE2...
Recommendation: Take no action.
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Wednesday, November 03, 2010
Possible Stock Market Scenarios for Fed Intervention Day / Stock-Markets / Stock Markets 2010
In last week's BullBear Weekend Report I called for some profit taking and indicated that the market was likely set up for a pullback. This week the market continued to trade in a sideways pattern while the technical conditions suggestive of a correction deepened. As we go into the mid-term election and the November FOMC meeting, my long term stance continues to be bullish but my short and intermediate term stance is neutral.
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Tuesday, November 02, 2010
Staying Short into Stock Market Election Uncertainty / Stock-Markets / Stock Markets 2010
Market participants moved the major indexes up over one percent only to see them come crashing back down and finishing flat as we await election results and the FOMC decision on interest rates and QE2...
Recommendation: Take no action.
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Tuesday, November 02, 2010
Stock Market Rally is Tired... / Stock-Markets / Stock Markets 2010
Aren't we all! The market is. Doesn't mean it can't continue to try to grind higher even though it's ready for some deeper selling, if that catalyst would just make an appearance. The ISM Report today had that chance, however, it showed more expansion than any thought possible. We had some early reports on what to expect when the voting is over on Wednesday. It shows the market will be getting what it wants. No catalyst there. Only catalyst here is the overbought and tired nature of the market, especially the Nasdaq stocks. It wants more to rock this thing down.
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Monday, November 01, 2010
Mini Double Top on S&P 500 Stocks Index / Stock-Markets / Stock Markets 2010
The day's high is akin to what was seen the last time we had a gap up open / surge (wait for it.... last Monday). S&P 1196 on both days. Hence we have twin Monday highs and a mini double top. Traditionally (at some point) the market usually sells off, and a double top is a great formation for it to happen from. But I am not crossing my fingers. On the other hand, double top breakouts are usually quite bullish developments so if these intraday levels are cleared, off to the races we go ...although it feels like we've been in a marathon already.
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Monday, November 01, 2010
Stock Market Trend, It’s All About The Dollar / Stock-Markets / Stock Markets 2010
That’s right folks, it’s all about the dollar ($) in the financial markets these days, and the $ is all about its accelerating debasement at the hands of the Fed. This of course must be rubber stamped by the politicians to be considered ‘legal’, however it should be understood there’s nothing legal about this as the destruction of the $ via fiat declaration is fundamentally unconstitutional. Fiat currencies all fail in the end due to corruption and deceit, and the $ will be no exception, first loosing it’s purchasing power, now well underway, and then its status as the world’s reserve currency, now coming into focus, which will collapse the US into a banana republic.
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Monday, November 01, 2010
Stock Market Larger Uptrend Into 2011, Minor Top Set for Mid-November / Stock-Markets / Stock Markets 2010
It's been a while since I have posted a market update, and - in light of the action in recent months - I want to post a detailed article on both the cyclic and the technical picture of the U.S. stock indices. I will start with the big picture view - which is decidedly bullish - and then will scale down to the short-term take, which is looking for a top between now and mid-November.
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Monday, November 01, 2010
Stock Market QE2 and Elections Uncertainty Rules... / Stock-Markets / Stock Markets 2010
GDP met expectations but that wasn't enough as investors fret over elections and QE2 concerns...
Recommendation: Take no action.
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Sunday, October 31, 2010
Stock Market USD Trends, It's the Money, STUPID! Part-II Extra Innings / Stock-Markets / Stock Markets 2010
From Part-I (game over) Back in May of this year, we constructed a dual paneled chart graphic to observe the effectiveness of such interventions relative to the volatility expressed in the price behavior of equity indices. That chart consisted of a monthly volatility index in the top panel, and the relative trajectory of the Dow Jones industrial average in the charts lower panel.
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Saturday, October 30, 2010
Stock Markets, The Big 3 On Deck..... / Stock-Markets / Stock Markets 2010
Next week there will be absolutely no doubt about where this market is headed. Three huge separate events on deck and it starts off Tuesday, when we get the election results the market has been waiting for. It wants to see more of a log jam with more republicans gaining seats. If that takes place, and appears that it will, the market, you would think, will like it. I'll get in to it's built in stuff later on.
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Saturday, October 30, 2010
Marc Faber, Fed's QE2 Could Trigger stock Market Correction / Stock-Markets / Stock Markets 2010
Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the potential impact of further quantitative easing (QE2) by the U.S. Federal Reserve in a Bloomberg interview on Oct. 36 (clip below).
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Friday, October 29, 2010
Bulls Still In Control, But the Stock Market Has QE Fatigue / Stock-Markets / Stock Markets 2010
The quantitative easing (QE) talk on the street this week has been along the lines of (a) is quantitative easing baked into asset prices?, (b) will the Fed’s announcement on November 3rd trigger a “sell the news” event, (c) the perception of too much QE could spark inflation fears and push interest rates up, and (d) too little QE could result in a “disappointment sell-off” in stocks and commodities.
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Friday, October 29, 2010
Stock Market Mixed, Choppy Session / Stock-Markets / Stock Markets 2010
The stock market indices closed mixed today after a choppy session. The day started out with a gap to the upside, as the Nasdaq 100 ran to new highs at 2135.69, while the S&P 500 reached above 1189.53. They then rolled over in a 3-wave decline and formed a falling wedge.
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Thursday, October 28, 2010
The Rule of Law and the Mortgage Mess / Stock-Markets / Stock Markets 2010
The Chronicles of Atticus McShrugg are fiction, but intended to give relevant, timely and sometimes entertaining perspective into current events in the global financial crisis and international political economy from a free market perspective. Atticus McShrugg is Special Assistant to the President of the United States, Director for Global Financial Market Stability. McShrugg boss is Admiral Clark, Deputy National Security Adviser for International Economic Affairs. For background on Atticus McShrugg, please see, Who is Atticus McShrugg?
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Thursday, October 28, 2010
Stock Market Sells Hard Early...Rallies Late..Nasdaq Green / Stock-Markets / Stock Markets 2010
And this is what normally happens in markets that are trending higher. The Nasdaq, or higher risk stocks, usually do better and today was no exception. On a percentage basis the Nasdaq held up significantly better than the rest of the major sectors within the market. The market was due to sell some based on some overbought daily index charts. Lots of 70 RSI's out there. The doji on Monday was a predictor of some selling, although it took two days instead of one to get going. Not much selling yet though in the world of technology.
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