Category: Stock Markets 2010
The analysis published under this category are as follows.Tuesday, July 13, 2010
Corporate Earnings Season, And They're Off... / Stock-Markets / Stock Markets 2010
The earnings season is upon us and tonight we saw the first important group of stocks report. The two most important being Alcoa, Inc. (AA) and CSX Corp. (CSX), a leading railroad shipper of goods. CSX said things weren't bad at all. Not exactly knocking the ball out of the park but nothing bad. At the time of this writing I've watched CSX stock go up a dollar after hours, then reverse two dollars to go red by one, and then back to slightly up. In other words, the market doesn't know what to do with this report. As if the market wasn't difficult enough, we're now seeing traders clueless on what to do with this puppy. Ridiculous really.
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Monday, July 12, 2010
Stocks Mixed Ahead of the Earnings Season Kickoff / Stock-Markets / Stock Markets 2010
After the world cup fiesta, its time for the US earnings season to kickoff with Alcoa (after the bell tonight) and Intel, Google, Bank of America, JP Morgan among the big corporations due to communicate results to the market. Over the past 10 years there have been seven quarterly reporting seasons where more than 70% of S&P500 constituents have beaten consensus forecasts, and in six the market responded favourably posting an average gain of 6.3% over a three-month period.
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Monday, July 12, 2010
The Next Stop for the S&P 500 Stocks Index / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: Stocks zipped higher in the past week, capping the first four-day rally since early 2009. Get out the party hats and confetti, right? Bears tried to knock shares lower on Tuesday and early Thursday, but after they failed bids hit the tape in a big way and gave it lift.
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Monday, July 12, 2010
Stock Market Making Bearish Lower Lows, Gold Bull Market Intact / Stock-Markets / Stock Markets 2010
"What do we mean when we say that first of all we seek liberty?
I often wonder whether we do not rest our hopes too much upon constitutions, upon laws and upon courts. These are false hopes; believe me, these are false hopes.
Liberty lies in the hearts of men and women; when it dies there, no constitution, no law, no court can save it; no constitution, no law, no court can even do much to help it... What is this liberty that must lie in the hearts of men and women? It is not the ruthless, the unbridled will; it is not the freedom to do as one likes. That is the denial of liberty and leads straight to its overthrow.
Monday, July 12, 2010
Stock Market Bulls and Bears Need to Make Their Case / Stock-Markets / Stock Markets 2010
Referring to a close below support levels, I stated the following last week: "There is always hope that the failed signal will just be a fake out. It has happened in the past, and such fake outs have led to very strong upward moves. This scenario seems less likely." Well here we are one week later and the "less likely" occurred as the S&P Depository Receipts (symbol: SPY) closed back above old support or resistance levels at 107.58. Of course, this reversal was on shrinking volume.
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Sunday, July 11, 2010
Shanghai NOT Leading S&P-500: But it’s going in a Different Direction / Stock-Markets / Stock Markets 2010
Had a few articles out recently saying that the Shanghai Stock Exchange is (perhaps) a leading indicator of the S&P 500:
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Sunday, July 11, 2010
Stock Market Head and Shoulders Pattern: A Time Symmetry Pattern? / Stock-Markets / Stock Markets 2010
The stock market rebounded quite strongly all week and took the bearish tone off the market for now. Something I wrote about a few days ago was the theory of the Time Symmetry Head and Shoulders Pattern. See the daily chart of the DOW below.Read full article... Read full article...
Sunday, July 11, 2010
Stock Market Incipient Uptrend / Stock-Markets / Stock Markets 2010
Since last October, we’ve got nothing but a whipsaw market. Trend looks up. Trend looks down. Repeat.
Implicit in this whipsaw is a sideways pattern where it is VERY difficult to make a buck. Implicit in this whipsaw is continued uncertainty over the direction and strength of the economy.
Sunday, July 11, 2010
Stock Market and Gold Summer Correction, Remember White Swans Out Number Black Swans / Stock-Markets / Stock Markets 2010
Seems like every day there is talk about black swans, what about white swans ? Positive developments to the upside ? Since the Stock market has not crashed, collapsed, evaporated into perma- bear abyss targets, it clearly is discounting something positive ? Whilst bears focus on the doom and gloom of double dip recessions, depressions, armageddon's, focusing wholly on the 15% downtrend price action since the April peak, though conveniently forgetting the 70% advance before it. So I will leave Nassim Taleb to See Black Swans everywhere as an excuse for poor analysis rather than anything of any actionable value. I mean Taleb says forecasts are irrelevant but then prances about in the mainstream media issuing economic depression forecasts, perhaps he should read his own book ?
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Saturday, July 10, 2010
Stocks Bull Market Correction or Bear Market? / News_Letter / Stock Markets 2010
The Market Oracle NewsletterJuly 4th, 2010 Issue #40 Vol. 4
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Saturday, July 10, 2010
Bear Market Rally But No Dow Theory Sell Signal / Stock-Markets / Stock Markets 2010
The Dow theory has certainly been a hot topic of late. Seems that everyone has become a Dow theory expert and the price action into the July 2nd low had everyone tripping over each other to make the call that a Dow theory “sell signal” had occurred. I could not disagree more and I told my subscribers over the weekend that a so-called Dow theory “sell signal” had not occurred and that rather than a melt down, a bottom was expected.
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Saturday, July 10, 2010
Stock Market Rally With Legs? Give It a Maybe! / Stock-Markets / Stock Markets 2010
In last weekend’s column I noted that the market was again short-term oversold and due for another rally attempt. But I said, “I’m not ready to turn bullish yet. Let’s see the second quarter earnings reports due out next week and how the market reacts to them.”Read full article... Read full article...
Saturday, July 10, 2010
Stock Market Plot Thickens, Time to Reduce Exposure? / Stock-Markets / Stock Markets 2010
The plot thickens for the rally off of Tuesday morning's low at 1003 on the near-term point and figure chart, as the emini S&P 500 makes another marginal new high at 1071. That's the lower portion of my preferred next target zone of 1070-75, but no real selling pressure has emerged just yet that has approached the trigger of a near-term sell signal.
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Friday, July 09, 2010
China SSEC and SPX Trend Divergence / Stock-Markets / Stock Markets 2010
In today’s ever-more interrelated financial world, China’s stock-market action is growing increasingly influential everywhere else. As the globe spins, the results of each day’s stock trading in China often spill over into Europe and then the States to affect sentiment. This impact is universal, but especially pronounced in sectors China plays a major role in like commodities stocks.
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Friday, July 09, 2010
Signs of a Very Sick Stock Market / Stock-Markets / Stock Markets 2010
"The very existence of the state demands that there be some privileged class vitally interested in maintaining that existence. And it is precisely the group interests of that class that are called patriotism." --- Mikhail Bakunin, Russian anarchist
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Friday, July 09, 2010
Stock Market Investors Inflationville / Stock-Markets / Stock Markets 2010
BIG PICTURE – Today, the economic news is scary and investor sentiment is awful. Therefore, if you are a long-term investor, this is the time to be greedy. Remember, when it comes to investing, nervousness is your friend, comfort your enemy.
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Thursday, July 08, 2010
Stock Market Nothing Black..Excellent Action For The Bulls But Nas Lags.... / Stock-Markets / Stock Markets 2010
We gapped up today after yesterday's big move higher. This was critical for the bulls in that they needed to show follow-through from their big day yesterday. The fact that they gapped things up today was very interesting. A gap up in to the gap existing at Standard & Poor's Depositary Receipts (SPY) 1060. That's not how bear markets behave. You don't gap up in to a pre-existing gap down.
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Thursday, July 08, 2010
Stock Market Cheer From The Jobless Numbers / Stock-Markets / Stock Markets 2010
So auf wiedersehen Deutschland it is Core (Netherlands) vs PIIGS (Spain) in the World Cup final this Sunday so one thing is clear we will have a new World Champion the 8th after Argentina, Brazil, Germany, France, Italy, Uruguay and England.
S&P500 had its best session in 6 weeks closing up a whopping +3.13% closing at key technical resistance at 1065 with the Vix much more relaxed: 26.84 (prev. 29.65). Asia followed through with the Nikkei +2.6% while the very rosy Australia employment report provided another boost.
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Thursday, July 08, 2010
Investing for Deflation: Reader Asks the Question of the Decade! / Stock-Markets / Stock Markets 2010
Last week, I got an interesting email from a reader:Hi J.D. This is my first email to you. I would like to let you know that I am very impressed with your technical analysis which goes in details yet you keep it simple.
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Thursday, July 08, 2010
Stock Market RSI 30 Bounce On Cue...Now We Learn More.... / Stock-Markets / Stock Markets 2010
It has been occurring for years. When the daily index charts get down to 30 RSI we seemingly always see a strong bounce take place. We hit those magic 30 RSI levels yesterday on the lows with the Nasdaq printing 28 while the Dow and S&P 500 came in with readings at 30. No good news took place overnight, yet our futures started rising slowly but gradually throughout the morning. We opened with a small move higher that soon became a trend day for the bulls as the bears recognized they had nothing left in the tank. They covered their shorts in droves as the market marched higher. Once it became clear that 1040 wouldn't hold any longer the bears threw in the towel.
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