Category: Stock Markets 2010
The analysis published under this category are as follows.Thursday, April 29, 2010
Stock Market Minor Top Is Nigh / Stock-Markets / Stock Markets 2010
The Greek "crisis" continues to unfold almost uniformly to our expectations, and its ramifications for the EU as a whole are certainly not painting a rosy picture for the coming decades.
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Thursday, April 29, 2010
Stock Market Snapback Session / Stock-Markets / Stock Markets 2010
The stock market indices started with a gap up today, but quickly sold off reaching new pullback lows on the Nasdaq 100 in the 1992 area. At that point the S&P 500 retested yesterday's late lows near the 1182 area but held. That triggered a 5-wave snapback rally. In the last hour they rolled over, took back nearly half of the rally, but bounced in the last 10 minutes to close up on the day.
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Thursday, April 29, 2010
Stock Market Parabolic To Lateral..... / Stock-Markets / Stock Markets 2010
Often times, when a market has had a rather large move up or down, it will need time to consolidate the move. To digest, it if you will. The market has made an enormous move higher since early February. A two-month plus move higher that was almost literally straight up. It is quite possible we have simply entered the lateral handle or consolidation phase that will need to be played delicately. A handle, once established, that can be played on weakness near the bottom. You go more to cash near the top of the range.
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Wednesday, April 28, 2010
Goldman And The PIIGS Keep Stock Market Jittery / Stock-Markets / Stock Markets 2010
The price action and news headlines Tuesday were dominated by US rating agency Standard and Poor’s decision to downgrade the sovereign ratings of Greece and Portugal to BB+ (by a savage and unprecedented three notches) and A- (down two notches) respectively. This saw a dramatic further significant ballooning in bond spreads and CDS to fresh highs whilst the domestic equity markets were down 6% and 5% respectively. With the downgrade of Greek sovereign ratings, the fate of Greek depends on ratings action by the other two major rating agencies Moody’s and Fitch.
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Wednesday, April 28, 2010
Stock Market Warning Sign, Global Liquidity is Drying Up! / Stock-Markets / Stock Markets 2010
In last week’s Money and Markets column I told you the majority of my indicators are signaling that the stock market has probably entered the last phase of its medium-term uptrend, which began in March 2009.
I went over price-to-earnings ratios (based on twelve-months trailing GAAP earnings) and dividend yields. Both metrics are showing a heavily overvalued market.
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Wednesday, April 28, 2010
Fibonacci Trading Grids and the Fading Stock Market 1228 S&P 500 Target / Stock-Markets / Stock Markets 2010
Investors and traders are increasingly recognizing the value of using Fibonacci ratios to anticipate support and resistance prices in major equity indexes. Fibonacci ratios are natural phenomena found in seashells, tree rings, music masterpieces like Beethoven’s ninth symphony, and even in the order found in the structure of galaxies.
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Wednesday, April 28, 2010
Stock Market Jitters, Correction and Support / Stock-Markets / Stock Markets 2010
Tuesday's sharp sell-off in the NYSE is part of an extended market. Jitters about debt concerns in Greece and Portugal coupled with the Goldman Sachs hearing before the Senate has caused the broad-based index to correct. The NYSE is now on the first key support level of 7400-7500 (Chart 1).
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Wednesday, April 28, 2010
Stock Market Sell Signals Abound, VIX Spikes Higher, XLF Says Good-bye to Support / Stock-Markets / Stock Markets 2010
Again Today on Financial Overhaul Bill - The U.S. Senate will take a second vote today on Democrats’ effort to overcome Republican objections and begin debate on financial-overhaul legislation.
“What are you afraid of?” Majority Leader Harry Reid of Nevada said to Republicans on the Senate floor today, arguing that the proposal can be amended during debate. Senate Minority Leader Mitch McConnell, a Kentucky Republican, responded by saying, “This bill isn’t ready” and that more negotiations are needed.
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Wednesday, April 28, 2010
Stock Market Decisive Down Day / Stock-Markets / Stock Markets 2010
The stock market indices had a decisively negative session today, gapping down from the get-go, snapping back in an early rally try but failing at resistance and then rolling over hard. By mid-day they bounced to test resistance once again, but failed again, and then rolled over just as hard in the afternoon.
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Wednesday, April 28, 2010
MortiES' EOD Analysis, Stock Market Entering Dangerous Ground! / Stock-Markets / Stock Markets 2010
This is the article and chart my premium subscribers received this evening. I always get myself in trouble when I start finding triangles forming. This is not the first time a triangle failed and the bottom fell out of the market. Seeing it twice will make me more alert to this possibility in the future.
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Tuesday, April 27, 2010
Financial Markets React to Germany Disappointing Greece Again / Stock-Markets / Stock Markets 2010
In a session yesterday that was largely devoid of economic data, most of the focus was again on Europe’s fiscally troubled sovereigns. Whilst ECB President Trichet noted that he was confident that negotiations on the Greek fiscal package would be “concluded soon and rightly”, Greek 2-year bond yields surged 294bps to 13.16% with the 10-year yield up 91bps to 9.56%. Markets were a little disconcerted by a statement made by German Chancellor Merkel, who faces a state election on 9 May.
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Tuesday, April 27, 2010
Stock Market Churning Near Target Measurment... / Stock-Markets / Stock Markets 2010
One thing about those inverse head and shoulder patterns that have taken months to form is that they often make their exact measurements or at least get within one percent of that measurement over time. We have the Nasdaq with a head at 2100 and shoulders at 2325. This measures 225 points or 2550. Today's high was 2335 and that's less than one percent away from full measurement. Not bad at all. We may still get to 2350, but we came very close and that may be close enough. The problem from here being we are so darn violently overbought on those daily charts, not to mention being overbought on the weekly charts as well.
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Tuesday, April 27, 2010
The Stock Market Recovery Rally Continues / Stock-Markets / Stock Markets 2010
How creative do we have to be after eight consecutive weeks of a positive market to make this week more interesting than the last eight? Earnings continue to be a bit better than expectations, Greece is still trying to get funded and the economy is still bumping along. So with the so-so backdrop, why does the market continue to march higher? It is the only game in town! Short-term interest rates continue to be held near zero (we’ll hear more this week) as the Fed worries about the frailty of the economic recovery. Inflation, as reported last week, remains high, however much of the gain is in food/energy prices (the stuff we never buy!).
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Monday, April 26, 2010
Stock Markets Focus On Corporate Earnings / Stock-Markets / Stock Markets 2010
US stocks advanced Friday, extending the Dow’s longest weekly winning streak in six years. American Express advanced 2.7% on earnings that beat analysts’ estimates, and Merck surged 5% as the drugmaker said the US health-care overhaul won’t hurt long-term growth. Energy companies rallied as the EUR/USD strengthened for the first time in seven days.
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Monday, April 26, 2010
Stocks Led by Apple On a Hot Bull Run No Investor Should Miss / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: Stocks flipped out late Friday morning following an announcement of Greece's decision to seek help from the European Union and International Monetary Fund. But by the end of the session, cooler heads began to prevail and the major indexes ended well into the black, continuing the bull run.
The Dow Jones Industrial Average, Standard & Poor's 500 and Nasdaq all closed about 1.1% lower for the session, but the week's results were a lot better: flat for the Dow and S&P 500, up 0.75% for the S&P Midcap 400 and up 1.7% for the S&P Smallcap 600.
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Monday, April 26, 2010
Why Does This Stock Market Rally Give Me the Creeps? / Stock-Markets / Stock Markets 2010
I’m sorry, I am trying so hard to get bullish but it’s not working…
My only solution is to, as we often joke, switch of my brain and stop reading the news (listening to it is great as everything is coming up roses in TV-land) and ignore the now-exposed shenanigans on Wall Street (why should I worry about my investments just because the people running the game are up on fraud charges) and for goodness sakes don’t even look at something as depressing as "The Economic Elite vs. the People of the United States of America," neither Parts 1-3 or Parts 4-6 because that can lead to thinking and thinking makes it REALLY hard to go to sleep at night with your money riding on the top of an 80% market while gold is trading at $1,150 an ounce because of overwhelming global instability and a total lack of faith in the global financial markets.
Monday, April 26, 2010
SPX Stock Market Index Targets 1230 Trend Reversal Level / 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
Monday, April 26, 2010
MortiES Stock Market Analysis, SPX Chop Time / Stock-Markets / Stock Markets 2010
This is the article and chart my premium subscribers received this weekend: The market appears to be in a period of consolidation. I called it a triangle and a Wave 4 in my last posts. The only difference in my call for this weekend is that I am calling it a “running” triangle” and W4. You can see an illustration of the running triangle on p. 50 of EWP.
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Monday, April 26, 2010
Nasdaq Tek Stock NDX at 2050! / Stock-Markets / Stock Markets 2010
I have to go many posts back to find the first time I mentioned 2050 area as a resistance, and the 1970-2050 range as an active range.
And it seems like just yesterday when I said that the move out of Feb low looked more and more like the move out of July low and might destroy the bears and leave many bulls behind waiting for a pullback.
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Sunday, April 25, 2010
Racing Stock Market Bulls, Shanghai vs. Wall Street / Stock-Markets / Stock Markets 2010
new symbol of China's market ambitions: It is getting its own charging bull sculpture for its Shanghai Stock Exchange, similar to the one in front of the New York Stock Exchange.
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