Category: Stock Markets 2010
The analysis published under this category are as follows.Wednesday, October 06, 2010
Big Day for the Stock Market Bulls / Stock-Markets / Stock Markets 2010
It was nearly a perfect session for the bulls today as the stock market indices gapped up at the opening, ran steadily all morning, slowed down the ascent, but continued to rise into late in the session and were near their session highs with less than a half hour to go before a little bit of a pullback chipped off a small chunk of the gains. Still, it was a very big day.
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Tuesday, October 05, 2010
Stock Market Boosted by Thirty-Five Trillion Yen Tuesday / Stock-Markets / Stock Markets 2010
Go go BOJ!!!
Acting under pressure from the Government to DO SOMETHING, the Bank of Japan announce a 35,000,000,000,000 Yen ($418Bn) monetary easing program this morning, finally taking that last step and cutting rates to ZERO. That’s right, the BOJ will literally give you money for nothing (no word yet on whether the chicks will also be free). Ironically enough, though, the logic of giving out free money now is the same as it was in the early 80’s - the BOJ is well aware that:
Tuesday, October 05, 2010
Stock Market Red Flag From the Stalling Number of New Highs? / Stock-Markets / Stock Markets 2010
In the past few weeks, we have been pointing out that the daily New Highs on the New York Stock exchange were not behaving in a fashion that suggested a healthy rise in the market. We commented that healthy rallies had buyers chasing stocks and bidding them up higher ... which in turn pushed the number of stocks reaching New Highs up higher in a trending fashion.
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Tuesday, October 05, 2010
Bank of Japan Rate Cut Steadies Stocks / Stock-Markets / Stock Markets 2010
There was an unauspicious start to Q4 as U.S. stocks fell again Monday, condemning the Dow to its biggest drop in almost a month, as broker downgrades cuts of companies including Microsoft and Macy’s triggered risk aversion before the start of the earnings season. Microsoft slumped 1.9 percent after Goldman Sachs Group removed its “buy” rating on the shares, citing the company’s struggle to gain market share in mobile devices, while Macy’s fell 1.7 percent after Goldman lowered the department- store chain to “neutral” and Alcoa., the aluminum company that will unofficially kick off the earnings season on Oct. 7, lost 2.5 percent as Deutsche Bank advised selling the shares. It worth recalling our course that historically the month of October has been a nasty month for equities. Read full article... Read full article...
Tuesday, October 05, 2010
Stock Market and Commodities Traders Front Run the Federal Reserve / Stock-Markets / Stock Markets 2010
Last month marked one of the best Septembers in years as the DOW rallied 7.7%, which made for the best September for the DOW since 1939. Bulls are excited about the rally and market while bears are wondering what is behind it. There are no signs of a big economic boom around the corner to justify the stock market going higher. In fact economic data continues to be weak and all of the talk is that the government needs to do more stimulus to boost the economy and the Fed may engage in more money printing.
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Monday, October 04, 2010
Stocks Start Week Soft as Automakers Struggle / Stock-Markets / Stock Markets 2010
US stocks slipped Friday, halting the longest streak of weekly gains since April, derailed by US macro economic numbers. In further bad news for freshly nationalized AIB; M&T Bank was again noticeably weak and finished the up down 10 percent on the week to lead financial companies lower after reports that merger talks with Banco Santander of Spain had broken down, while Monsanto tumbled 13 percent on concern its SmartStax corn seeds aren’t performing as well as predicted. A rally in energy shares limited the market’s drop as oil capped its biggest weekly advance since February and EQT Corp. surged after reporting two Pennsylvania natural-gas wells produced “exceptional” results .
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Monday, October 04, 2010
Why The Fed's Actions Are Boosting the Stocks Bull Market Cycle / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: News from the U.S. Federal Reserve is keeping the bull cycle for U.S. stocks alive and well. Despite investors taking a breather this week, the outlook is good for coming months.
The Standard & Poor's 500 Index fell 0.2% since Monday, while the Nasdaq 100, shown below, fell every day of the past week for a total slippage of 1.5%. The week felt a lot better than that for my subscribers because all but one of our exchange-traded funds (ETF) bets is on overseas stocks, and most rose 1.75% to 4.7%.
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Monday, October 04, 2010
Final Freakout? Hyperinflation as the New Deflation / Stock-Markets / Stock Markets 2010
We all know someone who seems to be in a constant state of worry and stress. If it's not one thing, it's another. They seem to have an underlying need to be worried sick about something. One way or another, they are sure that disaster is just around the corner and the worst possible result is the most certain fate.
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Sunday, October 03, 2010
Stock Market Top? The Bull & Bear of it! / Stock-Markets / Stock Markets 2010
I've been calling for a top into the end of September 2010, and Thursday's gap higher and failure is a classic sign of potentially just that. That being said, there is still too many conflicting technicals currently.
$SPX 60 Minute: I've put the bearish label on the 60 minute chart because it looks like a classic ABC pattern up. The MACD doesn't look terribly bearish sliding lower, so we could get another little push higher. So far, price has been held in check at the middle pitchfork line, but the RSI has room to support another test of overbought levels. Price needs to trade below 1,125 to increase the bearish view. That will also overlap with wave A.
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Sunday, October 03, 2010
Stock Prices Are Still Cheap! / Stock-Markets / Stock Markets 2010
Are stock prices still cheap? It all depends on how you look at it of course and what your time horizon is for the stock's price history.
Part of what makes the markets function properly is the multitude of belief systems, strategies, analysis and risk tolerance that we all use.
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Saturday, October 02, 2010
Stock Market Consolidating.... / Stock-Markets / Stock Markets 2010
There is a large belief that the market has no chance for a break up and out from here. That the top has been put in when it failed above 1150 a day back. That may very well be true, but I don't think that's the case at all. When the market got to the 1150 area on its way to the big one at 1160, it did so at overbought. Not the best way to get there. It was natural for it to fail there after a big run up. First tests after a big run usually do fail. It usually takes multiple moves back up to take it out.
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Saturday, October 02, 2010
Blue Chips Outperform in Mixed Stocks Session / Stock-Markets / Stock Markets 2010
The stock market indices ended mixed at the end of the day with better results on the New York Stock Exchange than on Nasdaq. The day started out with a gap up on both indices. They reached resistance, then sold off very sharply on economic news, with the Nasdaq 100 dropping from 2017 down to 1987, or 30 points. The S&P 500 at that point dropped from 1151 down to 1139, about 12 points.
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Saturday, October 02, 2010
China, The Tale of the Asian Tiger Boosting Stock Markets / Stock-Markets / Stock Markets 2010
The Hang Seng rose 179 points in today’s trading and finished down 20 for the day – THAT’S how bad the open was! The Nikkei finished an up and down 100-point swing up 34 points at 9,404 but dove into the close along with the dollar (our 3am trade), which now can be bought with just 83 Yen. The Shanghai, on the other hand, was feeling hot, hot, hot and gained 1.7% just behind the BSE, which flew up 1.9% to take back the position of Global Leader.Read full article... Read full article...
Friday, October 01, 2010
Stock Market In Ben We Trust / Stock-Markets / Stock Markets 2010
Global indices have been powering higher, led by strong U.S. equities and a falling dollar, which has seen the largest September rise on Wall Street since 1939. This has been bullish for all ‘risk’ correlated trades with commodities and foreign currencies being strongly bid.
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Friday, October 01, 2010
Institutional Buying and Selling Levels Predict the Stock Market's Direction? / Stock-Markets / Stock Markets 2010
Using Institutional Buying and Selling data is not a trading system, but some people do base their trades on Institutional Buying and Selling activity.
We post the Institutional buying and selling data everyday on our paid sites, and today's chart shows the "Net" of Institutional buying minus the amount of Institutional selling for any given day.
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Friday, October 01, 2010
China PMI Cheers Stock Markets While PIGS Fly Tighter / Stock-Markets / Stock Markets 2010
US macro data sent the markets higher initially Thursday (GDP beat 1.7% v 1.6% cons; Chicago PMI 60.4 v 55.5 cons; weekly jobless data was also better), with the S&P500 breaking through the 1150 mark to new highs. However, the break did not last long as the futures desk’s month end flow was better to sell (the chatter from the US was that asset allocators were going to have to dump equities on the close given the outperformance of equities in September). The selling pressure eroded the majority of macro-led gains, leading to a finish in negative territory on the day.
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Friday, October 01, 2010
Stock Market Big Rally Gives Up All Gains and Then Some... / Stock-Markets / Stock Markets 2010
The major indexes gap up and rally on news that Q2 GDP growth was slightly better than expected then all those gains went away with a trip lower by a like amount and a finish in the red...
Recommendation: Take no action.
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Friday, October 01, 2010
Stock Market Volatile Session Closes Lower / Stock-Markets / Stock Markets 2010
The stock market indices had a volatile and difficult day, and ended lower today. The day started out, however, with a gap to the upside. They ran hard to reach new rally highs at 2029.65 on the Nasdaq 100, but pulled back at the end of the day to below 2000.
Net of the day, the Dow, which got up to 10,948.88, closed at 10,788.05, down 47.23, about a 140-50 point reversal, not the best result today. The S&P 500 closed down 3.53 at 1141.20 after being as high as 1157.16, a new rally high there. The Nasdaq 100 lost 11.04 to 1998.04.
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Thursday, September 30, 2010
Stock Market Confounds Press and BlogosFear September Plunge Fears By Closing Up 8% / Stock-Markets / Stock Markets 2010
The stock market rallied during september right from the start of the month without any significant reactions against a solid uptrend that saw the Dow close at 10,788 (up 7.7%) which is contrary to the mainstream press and the BlogosFear mantra of first having pumped investors full of hindenberg crash omen fears during much of August, which then continued to scream Fear in a near relentless mantra for the whole of September by dredging up historic precedents that September is usually one of the worst months for stocks and therefore investors should seek to sell ahead of an anticipated slump or worse as illustrated below that NEVER materialised:
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Thursday, September 30, 2010
Stock Market Resistance Proves Insurmountable... / Stock-Markets / Stock Markets 2010
The major indexes weren't able to cross above overhead resistance so followed the path of least resistance which was downward...
Recommendation: Take no action.
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