Category: Stock Markets 2010
The analysis published under this category are as follows.Friday, August 13, 2010
Stock Market Indices Close Well Off Lows / Stock-Markets / Stock Markets 2010
The stock market indices ended lower today, but came way off their lows as a big gap down and early selling thrust ended up being the session lows. They then bounced back in a 5-wave rally that took them right back up to resistance at 1840 on the Nasdaq from a low of 1807 1/2. The S&P 500 snapped back from 1076.70 to 1086.72, about 10 points.
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Friday, August 13, 2010
Is the NASDAQ Bearish Trend Pattern Repeating Itself? / Stock-Markets / Stock Markets 2010
I just finished a short video in which I discovered an eerily similar pattern in the NASDAQ. If the pattern repeats then it certainly is going to be a rough third and fourth-quarter for most investors.
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Thursday, August 12, 2010
Fearful Stock Market Thursday, Manic Over, Depression Sets In / Stock-Markets / Stock Markets 2010
The markets are clearly insane.
I diagnosed manic depression in the markets years ago but it’s been getting worse and worse to the point where we now have mood swings from week to week and sometimes even day to day. Much of this is politically driven with the Conservatives currently in overdrive - looking to "prove" that every single thing the Democratically controlled Government does is nothing short of a disaster. Nothing works, nothing will work and nothing proposed will work other than more tax cuts and "throwing the bums out" (the Democratic bums, not the Republican bums).
Thursday, August 12, 2010
Japanese Chart Pattern Could DOOM the DOW / Stock-Markets / Stock Markets 2010
"It's déjà vu all over again". Is one of Yogi Berra's famous original quotes and the same can be said for the DOW right now.
The weekly chart on the DOW is flashing the same Japanese candlestick signal that it had earlier in April of this year. Back then the DOW dropped from 11,200 to 9,700 in the space of just 10 weeks!
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Thursday, August 12, 2010
Double Dip Recession Worries Send Stocks Sliding / Stock-Markets / Stock Markets 2010
The US FED tried to get risk markets going with their QE Light Tuesday – but it had the opposite effect Wednesday – as Treasury bond yields are lower but stock market is down 3% and risk aversion clearly higher in thin summer market conditions. US Stocks dropped the most in three weeks as equities retreated amid investor fears that the Federal Reserve’s stimulus plan indicates the anemic economic recovery is in serious jeopardy. Alcoa, Boeing and Caterpillar each shed more than 3.7% to lead losses in the Dow.
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Thursday, August 12, 2010
Stock Market Decisive Crack of Five-Week Uptrend / Stock-Markets / Stock Markets 2010
The stock market indices suffered a very negative setback today, with huge opening gaps to the downside. They then plunged to lower lows, and by mid-day reached their session lows on the Nasdaq 100. They attempted a snapback, which failed twice at resistance near 1850 NDX and 1094 S&P 500, and rolled over into the close with the SPX closing not far off the lows. The Dow was down as well. The Nasdaq 100 did fair a little bit better and closed about 7 points off its low, but still suffered a significant loss.
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Thursday, August 12, 2010
Real World Says Hi To Wall Street / Stock-Markets / Stock Markets 2010
And the real world was the words Mr. Bernanke, our Fed leader. Love his honesty, if nothing else. He said yesterday that interest rates would remain between 0%-.25% for at least another year, which means 2-4 years, if you read between the lines. This told the market that there would be no real economic growth for quite some time, and that deflation was the word for the next many years. Now we are all wishing for inflation. Funny how things change. Bernanke said inflation is not even a though any longer.
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Tuesday, August 10, 2010
Stock Market S&P 500 Bulls Bears Battle Continues / Stock-Markets / Stock Markets 2010
The battle between the Bulls and the Bears continues with negative news pushing the market lower and positive earnings pushing the market higher and helping the Bulls.
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Tuesday, August 10, 2010
Graham Summers’ Weekly Stock Market SPX Forecast / Stock-Markets / Stock Markets 2010
Since the July bottom, stocks have formed a bearish rising wedge pattern. If you’re unfamiliar with this pattern, it occurs when you have a security that gradually trades higher within an ever-tightening range between two trend lines.
In order for this pattern to be valid, the trend lines have to be validated by multiple touches. As you can see with this latest bearish rising wedge, the trend lines have both been validated by the market bouncing off of them multiple times, telling us that investors consider these lines highly relevant.
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Tuesday, August 10, 2010
How to Trade Today’s Challenging U.S. Stock Market / Stock-Markets / Stock Markets 2010
What are the main forces driving today’s challenging U.S. stock market? Which phase of activity is the market in? Which trading strategy is best? Most traders don’t know the answers to these questions. Here’s the key: Think about the forces driving a market, then adjust your trading style to take advantage of that market’s current conditions.
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Tuesday, August 10, 2010
Stock Market Tumultuous Tuesday Waiting for the Fed / Stock-Markets / Stock Markets 2010
Wheeeee - this is going to be exciting!Yesterday we knew that the move up was fake, Fake, FAKE and we acted accordingly in Member Chat. We had a nice QID cover play right in the Morning Alert that was an easy fill as the Nas went higher and higher all day. It was the Aug $16/17 bull call spread at .42, and the $16 puts sold for .29 for net .13 on the $1 spread with a nice 669% upside if the Nasdaq heads sharply down on us. Our stops on the play were a combination of Nas 2,300, Dow 10,700 and Russell 666 and we got the Nasdaq and the Dow over their marks but, once again, 666 proves to be an ominous barrier for the Russell.
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Tuesday, August 10, 2010
Stock Market Cautious Advance in Front of FOMC Statement... / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
Daily Trend Indications:
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Tuesday, August 10, 2010
Federal Reserve Look Set To Act to Kick Start Economic Growth / Stock-Markets / Stock Markets 2010
U.S. stocks climbed Monday, with the Standard & Poor’s 500 Index reaching its highest level in more than two months, amid speculation the Federal Reserve may announce more measures to help kick start economic growth this evening. McDonald’s rose 1.6% after beating sales estimates, while E-Bay gained 2.5% after former unit Skype filed for an initial public offering. US Homebuilders rose after Deutsche Bank said the housing market decline is almost over. But Hewlett-Packard plunged 8% after CEO Mark Hurd resigned. Elsewhere Target Corp. advanced 2%t after Barron’s said the retailer’s focus on higher margin goods may boost earnings.
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Tuesday, August 10, 2010
Stock Market Trends for Bulls and Bears / Stock-Markets / Stock Markets 2010
At the end of July, I wrote: Stock Market Trending for Bulls and Bears Holding Hands at Lover’s Leap. The main idea was the following:
The Bearish View: If this is a head and Shoulders Top, I want to discuss the concept of Bulls and Bears Standing Hand-in-Hand at Lover’s Leap. If this is a top, it’s likely the bearish Elliott Wave count so many have highlighted is the end of Wave 2 higher and thus Wave 3 lower is about to begin. This is usually the most impulsive wave and will move swift and fast to the downside. It has everything to do with the bulls and bears in unity.
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Tuesday, August 10, 2010
Stock Market Four Points To Breakout.......... / Stock-Markets / Stock Markets 2010
And that's all we need to get this market rocking higher. 1150 would be next, where an old gap lives, and then 1173. I know it seems impossible based on the fundamentals, but we have to play what we see. The fact that we printed such nice hollow candles at the 20/50 day exponential moving averages on Friday, and then we followed it up today with nice candles, tells me the bulls are starting to take control short-term, although it's not official until we can waive goodbye to S&P 500 1131.
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Monday, August 09, 2010
Four Things To Look For From The Stock Market This Week / Stock-Markets / Stock Markets 2010
And the 60 minute charts strike again! Throughout this whole move off the July lows the Full Stoh’s and the green up trendline have basically nailed every peak and valley as shown below in the S&P 500 chart.
There is no doubt that the 60 minute chart and the green line are in play. A break of the green line signals a trend change, while the 1131 level to the upside so far is capping the move higher.
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Monday, August 09, 2010
Stock Market Waits for Quantitative Easing II / Stock-Markets / Stock Markets 2010
The elephant in the room this week is the Fed meeting Tuesday and statements on what it might do with regard to quantitative easing. The Fed seems to be telegraphing that something needs to be done to boost the economy and increase liquidity.
Obviously any return to quantitative easing, or QE II (as quant easing I officially ended March 31), would likely impact gold (higher) and the dollar (lower), as well as the overall market (S&P 500), which rolled over shortly after QE I was phased out.
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Saturday, August 07, 2010
Stock Market Update, Dow, Transports and Telefonica / Stock-Markets / Stock Markets 2010
In our last communication in July to clients we pointed out that there was a possible significant bullish trend change approaching in the market. The key Dow Theory technical levels we identified were 4400 on the Transports and 10500 on the Industrials. As is by magic the market has remained “stuck” around these levels over the last 10 days. This “line” in market action is good because, as I never fail to mention to students, the longer such a line persists the more significant the potential market move on “breakout”.
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Saturday, August 07, 2010
Stock Market Manipulation and Technical Analysis / Stock-Markets / Stock Markets 2010
Periodically, the question of manipulation comes up and I’ve recently been asked if the Dow theory or any other technical method is still of value because of all the efforts to manipulate the markets. The short answer is, yes. While manipulation can have a temporary effect on the market, it cannot fix the problem, it cannot stop the inevitable and in the end it will only serve to make matters much worse.Read full article... Read full article...
Saturday, August 07, 2010
Bad Economic News Catches Up with the Stock Market / Stock-Markets / Stock Markets 2010
Private employment rises less than forecast, prior month hiring revised down.
Total nonfarm payroll employment declined by 131,000 in July, and the unemployment rate was unchanged at 9.5 percent, the U.S. Bureau of Labor Statistics reported today. Federal government employment fell, as 143,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment edged up by 71,000.