Category: Stock Markets 2010
The analysis published under this category are as follows.Wednesday, August 18, 2010
Are Stocks a Screaming Buy Relative to Bonds, or a False Premise ? / Stock-Markets / Stock Markets 2010
Josh Lipton writing for Minyanville is asking the question Are Stocks a Screaming Buy Relative to Bonds?
Dr. Ed Yardeni of Yardeni Research takes one side of the debate and says "stocks are cheap" according to a model, now dubbed the “Fed’s Stock Valuation Model”.
Wednesday, August 18, 2010
U.S. Treasury Bond Market Is Signaling Stock Market Trouble Ahead / Stock-Markets / Stock Markets 2010
My outlook for the economy and the stock market has steadily and significantly deteriorated since March 2010. That’s when monetary indicators started to signal renewed emerging stress in the financial system, and leading economic indicators started heading south.
Read full article... Read full article...
Wednesday, August 18, 2010
Stock Market Bulls Fight Back... / Stock-Markets / Stock Markets 2010
Take no action.
Daily Trend Indications:
Read full article... Read full article...
Wednesday, August 18, 2010
Stock Market Indices Stage Strong Morning Rally, but Close Off Highs / Stock-Markets / Stock Markets 2010
The stock market indices staged a very strong rally in the morning when they gapped up strongly, formed bull flags, ran hard mid-morning, flagged again near midday, and then spiked up to the highs for the day near 1860 on the Nasdaq 100 and 1100 on the S&P 500. An afternoon rollover occurred in a 5-wave decline that closed them at the afternoon lows going away.
Read full article... Read full article...
Tuesday, August 17, 2010
Slicing the Neckline Head and Shoulders Stock Index Pattern with the Elliott Wave Count / Stock-Markets / Stock Markets 2010
In the August issue of his Elliott Wave Theorist, market forecaster Robert Prechter alerted readers that the U.S. stock market was slicing the neckline of a classic head-and-shoulders pattern in technical analysis, and that this may send the market into critical condition.
Read full article... Read full article...
Tuesday, August 17, 2010
Stock Market Turn Up Tuesday, POT Gets Really High / Stock-Markets / Stock Markets 2010
BHP offered to pay $38.4Bn for POT this morning.
Is BHP high or is this market seriously undervalued? Well, for one thing, POT turned them down saying the offer ($130/share - CASH) "substantially undervalues PotashCorp and fails to reflect both the value of our premier position in a strategically vital industry and our unparalleled future growth prospects." CEO Dallas Howe continues: "We believe it is critical for our shareholders to be aware of this aggressive attempt to acquire their company for significantly less than its intrinsic value.
Tuesday, August 17, 2010
The Stock Market Bear is Back / Stock-Markets / Stock Markets 2010
The early market action on Monday, August 16th, triggered a key weekly "Trade Triangle" to the downside. Our weekly "Trade Triangle" turned red, indicating that all trends are negative and now pointing lower.
Read full article... Read full article...
Tuesday, August 17, 2010
Stock Market Poor Action Overall Continues... / Stock-Markets / Stock Markets 2010
Five straight gap downs is not something that happens very often. It makes you step back and wonder what it means. Maybe it means nothing bigger picture. Maybe it means something very important. There's one thing, though, that is clear and that's the simple fact that there are now many open gaps that will keep the wallet on the hip for the bulls, and encourage the bears to get more aggressive when gaps are hit from underneath.
Read full article... Read full article...
Monday, August 16, 2010
Combining Economic and Stock Index Technical Analysis / Stock-Markets / Stock Markets 2010
Current worries about another global economic slowdown began months ago with news of the euro-zone’s debt crisis, and more recently the austerity measures Europe has adopted to tackle budget deficits. Worries then worsened with reports of China’s slowing growth, and indications of the severity of the slowdown in the U.S.Read full article... Read full article...
Monday, August 16, 2010
Stock Market Mandarin Monday as China Moves into Second Place / Stock-Markets / Stock Markets 2010
China became the World’s 2nd largest economy this weekend. Or rather, Japan became number three because it’s not so much what China did as what Japan did not do, which was (or was not, in this case) grow. Japan’s GDP came in at a pathetic 0.4% annualized pace in Q2, about 1/6 of the 2.3% pace expected and 90% slower than the 4.4% pace of Q1. At least we can’t call Japan a “double dip” – they haven’t been out of a recession since the ’80’s…Read full article... Read full article...
Monday, August 16, 2010
Stock Market Bears Maintain Control... / Stock-Markets / Stock Markets 2010
Recommendation: Take no action.
Daily Trend Indications:
Read full article... Read full article...
Monday, August 16, 2010
Stock Market to Plunge to Below Dow 9000 by November 2010 / Stock-Markets / Stock Markets 2010
My apologies for being so bold in the subject line. But this is one of the most important columns I’ve ever written. Why? Because today I am going to give you a major heads up on the trends I see unfolding over the next few months.
More importantly, I am also going to show you how those short-term trends are going to set the stage for the longer-term trends that you’re going to see unfold over the next few years.
Read full article... Read full article...
Monday, August 16, 2010
Merger and Acquisitions Bouys European Stocks / Stock-Markets / Stock Markets 2010
U.S. stocks fell on again on Friday, with the S&P 500 Index dropping a fourth day in a row, as weaker-than- estimated retail sales drove down consumer shares and Intel sank to a six-month low. Nordstrom. declined 7.2% after saying expenses increased in the second quarter, while retailers J.C. Penney Co. and Kohl’s Corp both .retreated at least 3.2%. Intel, the largest maker of computer processors, fell on concern about increased competition although the better than expected Michigan consumer confidence mid afternoon did help the market rebound from the intra day lows. Utilities had the only gain among 10 industry groups in the S&P 500 after Dyneg received a takeover bid.
Read full article... Read full article...
Monday, August 16, 2010
Emerging Stock Markets Thrive as U.S. Shares Tumble / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: As the U.S. stock markets struggle in the midst of slowing economic growth, emerging stock markets are thriving as their surging economies provide cover for savvy investors.
Stocks tripped over the past week after a weak jobless claims report and a lukewarm revenue outlook from Cisco Systems Inc. (NASDAQ: CSCO) on Thursday put an exclamation point on worries about a muddled Federal Reserve Bank policy. U.S. markets lost more than 4% in one of their weakest five-day spans of the year, including a 90% Downside Day on Wednesday that featured a rare event: All 30 stocks in the Dow Jones Industrials Average closed lower.
Read full article... Read full article...
Sunday, August 15, 2010
Stock Market Trending Towards October Low / Stock-Markets / Stock Markets 2010
Current Position of the Market
Very Long-term trend - Down! The very-long-term cycles are down and if they make their lows when expected, the bear market which started in October 2007 should continue until about 2014-2015.
SPX: Intermediate trend.The index made an intermediate top at 1220 and is now in an intermediate downtrend which should come to an end in October 2010.
Read full article... Read full article...
Saturday, August 14, 2010
Stock Market Party on Wall Street Like Its 1929 / Stock-Markets / Stock Markets 2010
On Tuesday, the Fed announced that it will reinvest the proceeds from maturing mortgage-backed securities (MBS) into US Treasuries. The process is called Quantitative Easing. In theory, Q.E. increases inflation expectations so that consumers spend more and rev up the economy. That's the theory. But adding to bank reserves when the banks are already loaded to the gills, achieves nothing. It doesn't put money in the hands of people who will spend it, generate more economic activity or increase growth. It's a big zero. Oddly enough, the Fed even admits this. According to an article in Bloomberg News, "The Central Bank posted a paper co-written by Seth Carpenter, associate director of the Fed’s monetary-affairs division, finding that the “quantity of reserve balances itself is not likely to trigger a rapid increase in lending.” No "increase in lending" means no credit expansion and no rebound. Thus, QE will have no real impact.
Read full article... Read full article...
Saturday, August 14, 2010
Jakarta Stock Market Index A Leading or Misleading indicator? / Stock-Markets / Stock Markets 2010
Note to the reader: This article is not a treatise on technical analysis. It is an attempt to demonstrate how important it is to understand the nature and dimensions of the problems facing the world economy. The core issue has nothing to do with “money”. The core issue relates to waning supplies of energy to power transportation.Read full article... Read full article...
Saturday, August 14, 2010
Stock Market Has NO Bid At 1080 S&P 500... / Stock-Markets / Stock Markets 2010
This is shocking if you think about it. Straight down 50 points. Right at critical support after four straight gap downs, and at oversold on the 60-minute charts. It still is having trouble catching a bid where it needs to hold. I still think there's a decent chance we get a small bounce up early next week, but it looks as if the market wants lower sooner than later. It is very unusual to see four straight gaps lower.
Read full article... Read full article...
Friday, August 13, 2010
Stock Market Bounce but Hindenburg Crash Omen Reappears... / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
Daily Trend Indications:
Read full article... Read full article...
Friday, August 13, 2010
European Stocks Perky On News of Surging German Economy / Stock-Markets / Stock Markets 2010
U.S. stocks fell again Thursday, sending the S&P 500 Index to the biggest three day decline since July 1st, after an unexpected rise in unemployment claims added further ammo that the recovery is weakening. Bellwether tech stock Cisco Systems, the world’s largest maker of networking equipment, tumbled 10% after forecasting sales that missed analysts’ estimates; Juniper Networks dropped 6.8% in sympathy while Caterpillar, the world’s largest maker of construction equipment, retreated 1% as rising jobless claims signalled a slowing economy. Elsewhere Estee Lauder shed 2.6% after profit missing estimates.
Read full article... Read full article...