Category: Stock Markets 2010
The analysis published under this category are as follows.Monday, June 28, 2010
Can Stocks Bulls Lift a Market Threatened By Economic Stimulus Uncertainty? / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: Stocks spilled the past week like water over a broken dam as investors priced in more evidence that consumers, businesses and home-buyers have gone on strike despite U.S. stimulus measures and record-cheap interest rates that have put mortgages, car loans and store-credit costs at 100-year lows. In the five-day span, the Dow Jones Industrial Average fell 2.5% and the Standard & Poor's 500 Index sank 3.6%; Nasdaq and Russell 2000 Index all fell 3.2%.
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Sunday, June 27, 2010
Stock Market Summer Rally or Summer Slump?, MortiES’ Weekend Update / Stock-Markets / Stock Markets 2010
This is the weekend analysis that my premium subscribers received. That is the question! I can make a case for either scenario, but the most recent data that ES has been giving us is Bearish. Not because the market is going down, but because the structure of the market is Bearish.
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Sunday, June 27, 2010
Stock Market Bad Week, Nasdaq Doji, Weekly Bearish Engulfing Candles...... / Stock-Markets / Stock Markets 2010
A week where stocks are down nearly 4% across the board would have to be considered a bad week for the markets. But point losses alone don't necessarily tell the whole or the true story. The question to ask is whether the move down this week is a harbinger of things to come. I will explore this in as much detail as possible.
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Saturday, June 26, 2010
Stocks Bear Market Rally Overview / Stock-Markets / Stock Markets 2010
Ever since the rally out of the March 2009 low began, I have maintained that it has been a bear market rally. All the while, the politicians think that their printing spree, bailout plans and stimulus packages have put a bottom in the economy. I continue to hear the talking heads on “CNBS” cheering on the public and in their eyes all they can see is the so-called “double dip” recession. I’m sorry folks, but this is not a double dip recession.
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Saturday, June 26, 2010
Stock Market Ominous Pattern Developing / Stock-Markets / Stock Markets 2010
Banks `Dodged a Bullet' as Congress Dilutes Rules - (Bloomberg) Legislation to overhaul financial regulation will help curb risk-taking and boost capital buffers. What it won’t do is fundamentally reshape Wall Street’s biggest banks or prevent another crisis, analysts said. A deal reached by members of a House and Senate conference early this morning diluted provisions from the tougher Senate bill, limiting rather than prohibiting the ability of federally insured banks to trade derivatives and invest in hedge funds or private equity funds.
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Saturday, June 26, 2010
Beware of Investing in Defensive Stocks! / Stock-Markets / Stock Markets 2010
Just the thought of a double-dip less than a year after the economy began pulling out of the last recession is agonizing. Just the thought of another bear market in stocks so soon, with the S&P 500 still 30% below its peaks of 2000 and 2007, is unbearable for many.Read full article... Read full article...
Friday, June 25, 2010
Stock Market VIX Volatility Index Continues to Climb / Stock-Markets / Stock Markets 2010
Following the June 19, 2010 article titled "Signs of concern in the recovery process", additional bearish signals continue to develop. The Chicago Options Volatility Index or VIX, which is a measure of risk on the S&P 500, posted a level of 29.74 today. Historically this elevated range only occurs at the crests of bull markets and during bear declines. During the calmer bull market phase, the VIX remains below a reading of 18. This heightened level of almost 30 strongly suggests greater volatility and risk in the markets over the next few months.
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Friday, June 25, 2010
Stock Market Drops On Poor Earnings, Economic News... / Stock-Markets / Stock Markets 2010
Last night we got shocked two times. Two stocks that never fail as far as I can remember both warned on their earnings reports. The month of May, once again, the culprit to these warnings. Bed Bath & Beyond, Inc. (BBBY) and Nike Inc. (NKE) both said things fell faster than they thought would happen and that there will be pricing pressure for the foreseeable future. Both stocks took it on the chin today as they joined previous chin music recipients Best Buy Co. Inc. (BBY), Adobe Systems Inc. (ADBE), ConAgra Foods, Inc. (CAG), Carnival Corporation (CCL), and FedEx Corporation (FDX). Both closed near their lows today off of gap downs. In other words, they're dead stocks for months to come. Nike down 4% and Bed Bath & Beyond down 6%, with gaps now acting as strong resistance.
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Thursday, June 24, 2010
Stock Market S&P at a Crossroads / Stock-Markets / Stock Markets 2010
On Tuesday morning at this time, the emini S&P 500 was around 30 points higher than where it is now, which placed the index above the 200 and 20 DMA's, a much stronger technical position. Now we notice that the e-SPU is attempting to tread water below all of its relevant trending moving averages -- the 20, 50 and 200 -- and the decline could be the formation of the "right shoulder" of a substantial 9-month head and shoulders top (see colored rectangles on the enclosed chart).
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Thursday, June 24, 2010
Stock Market Thrill-Ride Thursday, Jobs or Bust! / Stock-Markets / Stock Markets 2010
What a friggin mess!
Should we worry about jobs, should we worry about Europe, should we worry about Israel nuking Iran before Iran can nuke Israel, is there too much copper, is there too little gold, is the entire Atlantic Ocean going to become uninhabitable? I can go on and on but I hear it will all be solved if we vote Republican in November so that seems like a no-brainer (and some people will get that and some people won’t). Yes, that’s right – Republicans are the answer! But why wait for the voters to decide when so many right-thinking(another one) Congresspeople are able to exorcise (not a typo) majority rule by filibustering a jobs bill – a move that will take 1.2M people off extended unemployment benefits on Friday?
Thursday, June 24, 2010
Sovereign Debt Worries Return to Plague Stock Markets / Stock-Markets / Stock Markets 2010
Away from the Footie which is rapidly looking like are run of World War 2 with French surrendering early, the American’s only showing up at the last minute and it’s left to the English to beat the Germans (again) it was another choppy session on Wall Street where stocks showed some reliance after the Federal Reserve acknowledged that the European sovereign debt and bank liquidity crisis may harm American growth and new home sales sank to a record 30 year low. General Electric, Chevron and Microsoft all retreated more than 1.7% after the Fed’s Open Market Committee statement said “financial conditions have become less supportive of economic growth on balance.” While Adobe Systems shed 7.3%, reaching the lowest price since July, after forecasting revenue that may miss the average analyst estimate.
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Thursday, June 24, 2010
Horrible U.S. Home Sales... / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
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Thursday, June 24, 2010
Sovereign Debt Crisis Bad For Europe, Good For U.S. Stocks / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: For several months now, we've been talking about the post-financial-crisis "new world order" that's emerged from the speculative excesses, recessionary realities and regulatory breakdowns of recent years. This new world order has created a world of lucrative new profit opportunities - that are governed by a new set of profit rules.
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Thursday, June 24, 2010
Fed Signals A Very Weak Economy--Earnings Poor..Market Yawns... / Stock-Markets / Stock Markets 2010
The market waited anxiously to hear what Fed Bernanke would say today about the state of the economy. He told us all that the economy, in a word, stinks. He said a lot of negative things mixed in with a dash of this and that, but the thing that was most negative was his telling us that interest rates will stay near 0 for the foreseeable future. This is his way of telling us things are so bad out there that interest rates can't come off 0. Think about that folks. 0!!!
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Wednesday, June 23, 2010
DJIA's 200-Day Moving Average: Will the Dow stay above or below this demarcation line? / Stock-Markets / Stock Markets 2010
Moving averages are one of the most widely followed indicator in technical analysis. Simply put, when the price of an index or stock stays above a particular price moving average line on a chart, that price level serves as support -- a level where buyers reside. If the price falls below a moving average line and "can't" break through from the underside, this price level is a line of resistance -- a price level where sellers hover. That's an easy explanation of moving averages for you.
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Wednesday, June 23, 2010
Stocks Wait for US FoMC Meeting, What to Watch For… / Stock-Markets / Stock Markets 2010
US equities closed weaker Tuesday, losing 1.6% to close at 1095. This is a significant fall but there could be worse to come. My technical analysts chums assure me that unless the S&P500 closes above 1126 tonight, the 50 day moving average will stab through the 100dma from above. If you believe in such things, and there are many who do, this is a rare bearish stocks signal (last happened in 2008). Even if it doesn’t happen tonight, unless S&P climbs at least 200 points it is inevitable by Thursday night they say.
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Wednesday, June 23, 2010
Stock Market Next Two Weeks Will Set Up the Next Two Months / Stock-Markets / Stock Markets 2010
Our call since the beginning of the year has been for a...
...August and October double bottom in the market in our 2010 Forecast. And while the future is sometimes predictable, that can all invert here - resulting in higher highs. So we're very cautious here as we're seeing sufficient energy in the market to produce more upside, we just need the market to release that energy.
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Wednesday, June 23, 2010
Housing Numbers Burst the Recovery Bubble... / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
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Wednesday, June 23, 2010
Don’t Give Up on U.S. Stocks Just Yet / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: There's no denying that bearish investors have made their case in recent weeks. They are legitimately afraid that the economies of the United States and Europe will fade so much in the next few months that they will sink back into recessions punctuated by credit blowups and a resumption of a bear market for U.S. stocks.
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Wednesday, June 23, 2010
Stock Market Follows Through After 50 day Failure Yesterday.... / Stock-Markets / Stock Markets 2010
Yesterday we saw the market gap up through 1119 or the 50-day exponential moving average. This is normally where right shoulder go to die. You get a move to and through the 50-day and then it tails down and fails overall to stay above at the close. You normally would expect the next day to be a rough day for the bulls but it didn't start out that way at all. We opened pretty flat and then moved up nicely with the Nasdaq up over 20 points. Surprising, but we all know what happens intra-day is truly meaningless.
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