Category: Stock Markets 2011
The analysis published under this category are as follows.Thursday, December 08, 2011
Stock Market Violent Whipsaw Yet Again... / Stock-Markets / Stock Markets 2011
Is this crazy or what! This morning, very early on, the Dow futures were up 96 points. Those futures held well overall, until a spokesman from Germany put out a statement that it seemed there would NOT be a resolution for the Eurozone over the weekend. The result was a 1760-point reversal down in the futures. Oh well! No shock as we all know by now we're tied in completely to the news of the moment out of Europe. Our own backyard has become secondary to Europe. The United States is holding its own, and thus, the reason why this market is holding up in the face of such dire news out of Europe. If Europe was positively resolved, things would blast higher above 1265 on the S&P 500, or that nasty trend line of resistance we failed at again late today in the last two minutes. The market gapped down at the open. They spent the day trading a little below the gap open, and down around 25 points on the Dow.
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Wednesday, December 07, 2011
Stock Market Journey to Nowhere, Been a Wild Trip Since August / Stock-Markets / Stock Markets 2011
Futures are being pushed around by the normal push-pull of the rumor mill out of Europe - it has reached the point of jump the shark. Late yesterday the market rallied for about an hour on news of a second bailout fund to run along the already mocked ESFS. Then the question of how it would be funded came to be asked, and the market sold off. It's just trial balloon after trial balloon. Tomorrow (morning for Americans) we hear what the ECB is doing with interest rates - a cut is expected, but will it be 25 or 50 basis points and most important are there any 'additional cookies' to be handed out to the class of unruly 2nd graders demanding Oreos by the dozens. Then Friday everyone awaits a new bazooka.
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Wednesday, December 07, 2011
Stock Market Cycle Turn Day / Stock-Markets / Stock Markets 2011
Good Morning!
Today is the Trading Cycle turn date. You may recall that I had suggested that this may be an inverted cycle. I had originally inferred that the Master cycle low (November 25) would coincide with the Trading Cycle, which is normally a low. But the Master cycle bottomed 12 days too early. The Trading Cycle only allows 4 – 8 days for a turn window, which have now passsed. What’s left is an inversion, which sets us up for a potential crash.
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Wednesday, December 07, 2011
Testy Stock Market – More Stimulus PLEASE! / Stock-Markets / Stock Markets 2011
What a crazy ride!
The chart on the left is a take on market sentiment but it’s the kind of mood swings that should be talking place over a span of weeks or months, not HOURS – like it has been recently.
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Tuesday, December 06, 2011
Are the Stars Aligned for a Stock Market Year-End Rally? / Stock-Markets / Stock Markets 2011
December has historically been one of the strongest months of the year for equity markets. Taking a look over the past 20 years, the S&P 500 Index in December has averaged 2 percent.
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Tuesday, December 06, 2011
S&P 500 Warnings Excuse For Some Selling..... / Stock-Markets / Stock Markets 2011
The Dow and S&P 500 were up against their near-term down trend lines at 12,200 on the Dow and 1265 on the S&P 500. The market was churning there for hours, but not falling very much. Yes, the 60-minute short-term charts were a bit overbought, but the market was hanging tough. The bears needed an excuse to get the bulls to calm down a bit. It came in the form of the S&P 500 warning they would downgrade some Eurozone countries below the top rating of AAA. Later in the day they expanded it to a more specific seventeen countries under that watch away from AAA. The total result was a drop of roughly 150 points on the Dow from the highs to the lows.
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Monday, December 05, 2011
Stock Market Microwavable Rallies / Stock-Markets / Stock Markets 2011
Question: How do you cook a stock rally?
Directions: Empty wallet into a microwavable bowl. Mix in any stock index of choice. Add a cup of central bank intervention and a cup of PPT spice. Microwave on high for five minutes. Eat immediately as spoiling will occur quickly as reality sets in.
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Monday, December 05, 2011
Stock Market Wave C Due for a Pause / Stock-Markets / Stock Markets 2011
SPX: Very Long-term trend - The very-long-term cycles are down and, if they make their lows when expected, there will be another steep and prolonged decline into 2014.
SPX: Intermediate trend - Last week's action suggests that a wave "C" from 1075 is underway.
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Sunday, December 04, 2011
Stock Market New Uptrend Nearly Confirmed / Stock-Markets / Stock Markets 2011
Markets, worldwide, surged this week on new optimism to a resolution of the European sovereign debt crisis. See the beginning of wednesday’s update for further details. European markets rose 9.6%, US markets +7.2%, Asian markets +5.9%, and the DJ World index +8.4%. Bond prices and the USD weakened, while Crude, Gold and the Euro rallied. Positive economic reports outnumbered negative reports by a ratio of 2:1. On the downtick: new homes sales, Case-Shiller, the WLEI and monetary base, plus weekly jobless claims rose. On the uptick: pending home sales, FHFA housing prices, construction spending, consumer confidence, the Chicago PMI, ISM, auto sales, the ADP and monthly Payrolls, plus the unemployment rate dropped. Next week ISM services, Consumer credit and the Trade deficit highlight a light economic agenda.
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Friday, December 02, 2011
New Stock Markert Cycle is Bearish for the Year-End / Stock-Markets / Stock Markets 2011
The up sloping Head and Shoulders pattern had successfully decline to its target of 1160.00. Normally head and shoulders neckline's are not recrossed once they are violated. However, up sloping Broadening Wedge formations have a 7% probability of an incursion back into the formation. This is one of those rare incursions.
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Thursday, December 01, 2011
Fed Does It Again...... / Stock-Markets / Stock Markets 2011
This should not have come as a surprise to anyone. We've talked many times about the fed and the role of playing the savior. Not on my watch approach. He knew that if the Eurozone fell apart, so would our markets, and thus, the concerted effort with the world central banks to supply massive quantities of liquidity to help Europe out and keep the financial system humming along for at least a little while longer. Outside of our own back yard, the fed convinced England, Switzerland, Japan and Canada to join in and save the day. They agreed when they were made to realize that if the rest of the world goes down, so do each and every one of them. No one would be safe from the financial carnage that would take place. Not too tough a sell.
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Thursday, December 01, 2011
Stock Market Panic Buying As Bear Market Goes Up in Smoke on Dollar Printing for Euros / Stock-Markets / Stock Markets 2011
The past 6 months has seen a very volatile trading range as the stocks bull market has attempted to end its correction and resume its trend to new bull market highs, which has been held back by increasingly worsening debt crisis news out of the Eurozone as the Euro currency block continues to fight to hold itself together whilst it's fragmented political structure ensures that there is always a long delay in policy reaction to bond market crisis events that has had a negative fallout across the worlds banking system and financial markets.
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Wednesday, November 30, 2011
Fed Stock Market Sneak Attack / Stock-Markets / Stock Markets 2011
SPX appears to be challenging mid-cycle resistance at 1226.60 or intermediate-term trend resistance at 1228.70. This attack comes from the futures market where high leverage can move markets with small amounts of money. The Fed has bailed out the world once again. However, it may be too little, too late as the markets are on the bearish side of the trend both on the hourly and daily charts, even after the jolt of liquidity overnight.
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Wednesday, November 30, 2011
Coordinated Central Bank Action Traps Stock Market Bears! / Stock-Markets / Stock Markets 2011
The new Beige Book is here, the new Beige Book is here!
I’m sorry but I get very excited about this kind of stuff. I love data, especially the kind of data our policy-makers rely on to make their future decisions. Although the BBook is a gathering of anecdotal evidence from the Fed’s 12 regions (see map below), the data comes from businessmen that are respected by each Fed Governor so THEY take it seriously and if they take it seriously, you’d better too.
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Tuesday, November 29, 2011
Confluence of Positive Stock Market Technical Factors Heading Into December / Stock-Markets / Stock Markets 2011
Our cycle work in the S&P 500 indicates that we are near the timeframe for the establishment of a small cycle low due on November 30 ( 2 days). A small cycle is 20-25 days, and lies within the larger, overriding cycle of 70-75 days. Accordingly, we find that the S&P 500 on Monday and last Friday hit a corrective low at 1158.67/66, and since then has pivoted to the upside into Tuesday's high at 1203.67 (so far).
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Tuesday, November 29, 2011
Stock Market Testy Tuesday 11,590 or Bust! / Stock-Markets / Stock Markets 2011
To quickly summarize the news (see Member Chat for details), Asia was up but not all that much (around 2%) and Europe is up about half a point at 8am. Italy had a very expensive bond auction but at least people bought them just under 7% and they need that 7% because inflation in Belgium just popped to 3.85% in November.
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Monday, November 28, 2011
Prechter: "The Trend Is Exhausted", What's the Real Problem with Today's Stock Market / Stock-Markets / Stock Markets 2011
What is the real problem with today's market? Watch this excerpt from Robert Prechter's special, video issue of the August 2011 Elliott Wave Theorist. Prechter shows you how the buildup of dollar-denominated debt has brought us to what he calls a critical market juncture.
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Monday, November 28, 2011
Stock Market Futures Sneak Attack / Stock-Markets / Stock Markets 2011
he weekend futures market received a massive dose of liquidity, sending the Pre-Market up nearly 3%. It appears that the minimum decline targeted by the complex Head & Shoulders pattern has been accomplished. What we are witnessing this morning is a minor wave [c] of wave iv, although it doesn’t feel like it.
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Monday, November 28, 2011
Stock Market Wave 3 Or Corrective Wave B? / Stock-Markets / Stock Markets 2011
SPX: Very Long-term trend - The very-long-term cycles are down and, if they make their lows when expected, there will be another steep and prolonged decline into 2014.
SPX: Intermediate trend - An top was made at 1292. Future action will tell us if this is a resumption of the bear market, or another corrective wave.
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Sunday, November 27, 2011
European Headlines Continue To Dominate Our Markets..... / Stock-Markets / Stock Markets 2011
There are no doubts about our trading days beginning with the futures over in Europe and ending with whether their markets will recover or not. Our markets continue to remain oversold on the short-term charts as they seem to stay focused on the headlines out of Europe. Unfortunately, the news out of the Euro-zone is never good news. There are bank problems, an inability to agree on solutions, yields rising, sentiment crumbling, and just no good news from anywhere about anything significant happening on any given day. It's beginning to cause the market to lose hope and faith, and trust that something good will be had anytime soon. Just like the average trader and investor, we all fear that financial disaster awaits us, and that the debt crisis spreading around the world will end unfavorably.