Category: Stock Markets 2010
The analysis published under this category are as follows.Wednesday, June 09, 2010
Stock Market Reverses At Support...Internals Poor..... / Stock-Markets / Stock Markets 2010
Much to discuss with lots of different possibilities here, although I will tell you exactly what I think, of course. I won't take the low road and give you 30 maybes so I can't be wrong. I'll lay out the scenarios, but will give you a definitive answer as to what I think takes place when all is said and done.
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Tuesday, June 08, 2010
Europe Stocks Down, U.S. Up, Which Way Tuesday? / Stock-Markets / Stock Markets 2010
Just another manic Monday with U.S. stocks getting another late doors water boarding sending the S&P’s 500 Index to the biggest two-day loss since March 2009, with Google and Apple leading a drop in technology shares while Goldman Sachs were subpoenaed in the financial-crisis investigation. Apple lost 2% as the introduction of a new iPhone failed to boost the stock and Google shed 2.7% as Connecticut demanded information about data collection.
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Tuesday, June 08, 2010
Stock Market and Bond Markets Better Than 2008, Is Not The Same As Good / Stock-Markets / Stock Markets 2010
Sure, things are not as bad in the stock and bond markets as they were in the depths of 2008 and 2009, but better isn't the same thing as good. The "worry list" in the marco-environment is too long and too severe to think of today as "normal" (unless you are talking about the PIMCO "new normal"), and there are price behavior signs that all is not well.
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Tuesday, June 08, 2010
S&P500 Stuck Below Its 200-Day Average / Stock-Markets / Stock Markets 2010
The S&P 500 index (proxies SPY and IVV) has closed below its 200-day average now for 11 straight days. Outside of the "2008 pre-crash" that lasted about 4 months beginning 12/27/07, and the 2008 crash that lasted about 12 months beginning 5/20/08; the current period below the 200-day average is the second longest in the past several years. That's a bad sign.
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Tuesday, June 08, 2010
Markets Feeding Off Blunders and Indecision / Stock-Markets / Stock Markets 2010
The markets have been thrashed up and down. We’ve witnessed one of the greatest bull runs since the suckers rally in the 1930s, and whilst many are calling this a top, there are some that are calling this a market correction… albeit one that may last a few months.
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Tuesday, June 08, 2010
Stock Market Very Negative Start to the Week / Stock-Markets / Stock Markets 2010
The stock market indices started the week on a down note, although in the beginning of the session they did try an early rally that failed right at resistance. They rolled over to new pullback lows on the Nasdaq 100, and made slight new lows on the S&P 500. They tried to work their way back up, but failed at the declining topslines, rolled over in the afternoon, bounced with about an hour to go, and then got slam-dunked into the close.
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Tuesday, June 08, 2010
S&P 500 Approaching 1040 Neckline...IWM Loses Yearly Trend Line..... / Stock-Markets / Stock Markets 2010
A lot of bad stuff took place technically for the market today. The Nasdaq finally lost its 200-day exponential moving average currently at 2224 while the iShares Russell 2000 Index (IWM) or the ETF for the small caps, the very best performer this year, lost its 200-day exponential moving average. on to of that, the IWM also lost its yearly trend line of support and you'll see that tonight in one of the available charts for your viewing.
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Monday, June 07, 2010
Could This Be The Pause That Refreshes the Stock Market Trend? / Stock-Markets / Stock Markets 2010
The big question early this week is will be are we going straight to a retest of the recent lows if not more? Or are we going to backtest Monday? If we backtest we’ll be looking at shorting another name or two on our watch list.
Well folks it sure looks like a backing and filling type of day thus far with bouts of volatility back and forth.
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Monday, June 07, 2010
Stocks In Smackdown Mode / Stock-Markets / Stock Markets 2010
Very ugly close on Wall Street Friday – and with DOW below 10.000 the next important levels are now how long 1.040 and even 1.000 will hold in S&P500. Rumours that giant French bank Soc Gen (déjà vu Mr Kerviel) was in a spot of bother on derivative losses combined with a Greek style mishandling of fiscal difficulties in Hungary mixed in with some very disappointing US jobs numbers (the private sector only created 41k jobs in May with the rest best temp census hires) made for a bearish cocktail that sent stockmarkets into a tailspin.
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Monday, June 07, 2010
Wealthbuilder Quarterly Market Brief and Stock Pick / Stock-Markets / Stock Markets 2010
On the 21st. May we wrote the following: “Due to lower highs and lower lows on both the Dow Industrials and Dow Transports there is now a change of trend in existence in the markets. How long this correction will continue no one can be sure. A bounce can be expected at any time due to the fact that the market is terribly oversold based on Stochastics and the McClennan Summation Index. However, I do not think we have seen support lows in place yet. What is the reason for this capitulation? As mentioned in my last brief I believed the “flash crash” of the 6th. May mortally wounded all indices from a technical pointy of view. It will take some time, probably the whole summer, before some degree of confidence is restored.”
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Monday, June 07, 2010
Why U.S. Stocks Can Outshine Faltering Global Economic Growth / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: After another lousy week, it's official: Global markets have suffered the worst late-spring setback since 1940 -- a May-June period when the Germans invaded the Netherlands, then marched into Paris, and Italy declared war on France and Great Britain. Just like that, seven decades ago, World War II was on, and markets went into freefall.
If stocks are as good at anticipating global calamity this time as they were in that horrible spring 70 years ago, we may be in for a terrible second half.
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Monday, June 07, 2010
Bears Seize Control of Schizophrenic Stock Market / 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 2014.
SPX: Long-term trend - Up! We are in a medium-term bull market, which is a corrective move within a long term bear market. This bull market should last until 2011
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Sunday, June 06, 2010
Stock Market Precipitous Sell-off, Was the Jobs Report That Bad? / Stock-Markets / Stock Markets 2010
A precipitous sell-off in the stock market took place last Friday (Chart 1) as the Labor Department’s May monthly report showed that job growth was weak in the private sector. The NYSE had to invoke “Rule 48″ again, marking the fifth time this year it has used the rare rule, which is intended to help smooth the opening following volatile futures action.
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Sunday, June 06, 2010
Here's How You Figure Out Where the Stock Market Is Headed Next / Stock-Markets / Stock Markets 2010
Dan Ferris wites: If you want to get an idea of where the overall stock market is likely headed in the next few years, just take a step back and think about Mr. Market's wild mood swings of the past few years...
After a three-year depression lifted in late 2002, Mr. Market became irrationally exuberant all over again. By late 2007, the S&P 500 hit a new all-time high. Stocks were king. Nobody thought about risk.
Saturday, June 05, 2010
Jobs Report Brings Some Unexpected Truth To The Stock Market..... / Stock-Markets / Stock Markets 2010
The market was set-up to try higher and form a right shoulder. It was excited over the prospects of huge job growth, especially in the private sector where it matters most. A strong close Thursday with MACD's crossing set it all up. The time came for the big surprise that would shock the bears and allow the bulls to celebrate an expanding economy. Then reality hit. No growth. No job creation in the private sector. Stimulus doing nothing big picture, which it never does, of course.
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Saturday, June 05, 2010
Deflationary Forces and Historical Stock Market Corrections / Stock-Markets / Stock Markets 2010
With a weak employment report on Friday, problems in Europe, and financial markets in a precarious technical condition, it is helpful to review similar historical stock market corrections. From a fundamental perspective, our present day concerns relate to deflationary forces in the global economy. Unlike the U.S., which can expand the supply of dollars relatively easily, printing euros is more difficult since each member of the European Union has its own tax and spending policies. Printing euros may help the people of Greece in some ways while diminishing the purchasing power of German savers.
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Friday, June 04, 2010
Non Farm Payrolls Disappoints Stock Market / Stock-Markets / Stock Markets 2010
Even on a typical uber quiet pre-payrolls day, the on going tug-of-war between strong economic data in the US and European sovereign banking risks was clearly visible with the former triumphing by a short head giving the S&P 500 Index its first back-to-back gains since April. Microsoft and Cisco led advances in the Dow and Dell rose 4.9% helping lead technology shares to the biggest gain in the S&P 500, after its founder said he has considered taking the company private. The losers were basic resource / mining stocks like Freeport-McMoRan Copper & Gold which sank after saying China’s plans to crimp growth will hurt demand for copper.
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Friday, June 04, 2010
Two Big Reasons to Believe the U.S. Stock Market Will Bounce Back / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: There's been a lot of cheerless news coming out of Europe lately, and that's taken a toll on the U.S. stock market. But I want to take this opportunity to offer up some positive points and remind investors that it's still too early to declare the bull-market dead, and even more premature to fret over a new bear market beginning.
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Friday, June 04, 2010
Positive Session for the Stock Market Bulls / Stock-Markets / Stock Markets 2010
The stock market indices managed to eek out a gain at the end of the day today, only because of a late afternoon rally.
The day started out on the plus side and then sold off in a 3-wave decline by midday, reaching the session lows at that point. When further downside was unable to be attained, the indices tried the upside, tested the declining topslines, backed off there, but came on again and blew through them with a couple hours to go. They then stair-stepped their way higher near the afternoon highs at the close to put the indices back in the plus column.
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Friday, June 04, 2010
Stock Market Needs To Test Higher...MACD's Cross Up / Stock-Markets / Stock Markets 2010
The late day action saw something important take place. Oversold MACD's crossed up positive, which tells me that we should be trying higher prices in the short-term. MACD's weren't crossing across the board, but the late action allowed for all the major indexes to cross up on the daily charts and that's near-term bullish thus shorting should not be your mantra short-term. If the market were to fall tomorrow it would set up strong positive divergences on deeper selling. Also that divergence would come from very compressed MACD's thus it would be best for this market to trend higher. Another excuse for the bears to step aside overall.
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