Category: Stock Markets 2012
The analysis published under this category are as follows.Friday, December 14, 2012
Stock Market Over the Cliff / Stock-Markets / Stock Markets 2012
Good Morning!
(ZeroHedge) If yesterday's better than expected initial claims numbers were bad for the market (as they implied the approach of the Fed's QEnd), today's CPI should dissolve some fears of an imminent, and very unrealistic, end to easing. Because as the Fed explained, employment is only one component of the QEnd calculus, inflation is another. And with November CPI dropping 0.3% sequentially (up 1.8% Y/Y), on expectations of a -0.2% M/M, and +1.9 Y/Y, also the biggest sequential decline since 2008, there is not much to worry about on the inflation front... as long as one doesn't count other inflation "expressions" such as modern art, insurance costs, student tuition, or even the S&P and other credit funded items into account. Core CPI also missed the expected rise of 0.2%, growing at 0.1%.
Friday, December 14, 2012
Fiscal Follies – Stock Markets Live and Die by the Rumor / Stock-Markets / Stock Markets 2012
What craziness!
As you can see from Dave Fry's intra-day SPY chart, it takes only minutes to reverse half a day's drop on just the word that Boehner is heading to the White House to meet with Obama – as if that's likely to accomplish anything…
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Friday, December 14, 2012
Stock Market First a Stair-step, Next a Stumble? / Stock-Markets / Stock Markets 2012
The SPX is stair-stepping through its trendline support and closed at its 50-day support. The bounce fell short of a 38.2% retracement and appears to be over. In fact, the after-hours futures continued to fall beneath the 50-day moving average. There is a high risk of an overnight fall beneath the remaining supports to the Cycle Bottom at 1383.39 and 200-day moving average at 1387.00. Should that event take place, we could wake up Monday to a waterfall decline.
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Thursday, December 13, 2012
Stock Market Santa Tries to “Sleigh” the Fiscal Cliff / Stock-Markets / Stock Markets 2012
Courtesy of Sabrient Systems and Gradient Analytics writes: Santa Claus is trying his hardest to keep spirits bright among stock investors. But the President and the House are not playing nice and just might find a lump of coal in their stockings. Neither appears willing to give an inch, so some observers predict that we will indeed go over the fiscal cliff, at least until mid-January. Then, with across-the-board tax increases and spending cuts in place, the politicians can be seen as having restored tax cuts for most of us rather than seen as making the marginal rates on some of us go up.
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Thursday, December 13, 2012
Sell Short, Stock Market Breaking Down! / Stock-Markets / Stock Markets 2012
The SPX is breaking down,, to the point of violating its month-old bullish trendline. This is the spot where we should be 100% short. Tomorrow may not provide an entry, so take care to have at least a partial short position here.
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Wednesday, December 12, 2012
December Stock Market Brief, Avalanche of European Debt 2013 / Stock-Markets / Stock Markets 2012
A market giving mixed signals:
The stock market had been basically playing a waiting game since the American presidential election with a tug of war going on between buyers and sellers but now the momentum is definitely moving with the bulls. By all accounts this rally should remain, notwithstanding any shock from Congress and the fiscal negotiators from the Whitehouse. The sooner these budget issues are put to bed the better. Either way, fiscal cliff or no fiscal cliff, the end result will be the same. There has to be some budget cuts and some raising of taxes (the ratings of the American dollar demand it) so I really do wish they would get on with the job of work at hand and cool the dramatics.
Wednesday, December 12, 2012
Stock Market Strong Performance Despite the Congressional Dithering / Stock-Markets / Stock Markets 2012
Courtesy of Doug Short. The markets certainly didn’t share the dismal outlook of this morning’s NFIB Small Business Optimism Index, which posted the 10th worst level in its history. The S&P 500 surged at the open and hit its intraday high, up 1.11%, in the late morning. The index showed resilience through the early afternoon until Senate Majority Leader Harry Reid expressed his view that “it’s going to be extremely difficult to get it [an agreed budget plan] done before Christmas.” The index rolled over for about 30 minutes but the regained its poise and closed the day with a 0.65% gain. Today’s intraday high was back in the neighberhood of the November election day intraday high.
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Tuesday, December 11, 2012
Credit Kills the Stocks Bear for December / Stock-Markets / Stock Markets 2012
Stocks remained buoyant this week as the market believes the Fed will remain accommodative in view of the latest drop in U.S. unemployment numbers. It’s widely expected the Federal Reserve will maintain its easy money policy when it meets on Wednesday.The number of stocks making new 52-week lows has remained under 40 for the last two weeks now and the major indices are all above their rising 15-day moving averages. That shows that the market has stabilized enough to allow rising short-term internal momentum to begin to have a lifting effect on the market.
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Tuesday, December 11, 2012
Stock Market Ready For a "Take Down" / Stock-Markets / Stock Markets 2012
It took this morning’s ramp to 1431.62 to confirm this EW pattern. As of now, it is (nearly) finished, with a 67% retracement of Primary Wave [1]. Wave (A) consumed 64 hours. Wave (B) consumed 17 hours and Wave (C) consumed 26 hours, giving us a near-perfect fractal model for a corrective pattern.
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Tuesday, December 11, 2012
Stock Market No Drive Higher....Nor Lower....Not Yet Anyway... / Stock-Markets / Stock Markets 2012
The market just can't seem to get moving higher with any force. The reason is because fewer and fewer stocks are leading the way up. Many more are just sitting in long-term bases or breaking down some. It's not bad everywhere. Some sectors are trying to break out, such as the transports, although they've yet to do so. Every time it seems the market is ready for something really good, it just can't get the juice behind it. No shock as, let's face it, folks, the uncertainty of the fiscal cliff remains with us on a daily basis with the deadline getting closer and closer. The end of the year will be here before you know it, and for now the boys on opposite sides aren't trying real hard to get things done as their egos are still getting in the way.
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Tuesday, December 11, 2012
Stock Market 50-day Sell Signal May be Activated Today / Stock-Markets / Stock Markets 2012
The SPX is finishing its Intermediate Wave (2) this early afternoon. It succeeded in overcoming the 50-day on the third attempt, but cannot hold above it at 1417.71. This is your sell signal if you have gone neutral or long in the past two weeks.
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Monday, December 10, 2012
Stock Market Elliott Wave Analysis of Blow off Tops, Apple Stock Example / Stock-Markets / Stock Markets 2012
SPX Long Term
My preferred wave count is similar to the idea I posted some weeks back on the DAX and that I suspect the SPX is inside a 5th wave for an ending diagonal so likely to chop higher into Jan-Feb period next year before a meaningful high. It would need a seriously strong break below the 200DMA on the SPX before I would switch to an alternative bearish idea, whilst this market continues higher I still prefer the bullish option over the bearish option.
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Monday, December 10, 2012
Dow Complex Points to Higher Stock Market This Week / Stock-Markets / Stock Markets 2012
Current Position of the Market
SPX: Very Long-term trend - The very-long-term cycles are down and, if they make their lows when expected (after this bull market is over) there will be another steep and prolonged decline into late 2014. It is probable, however, that the steep correction of 2007-2009 will have curtailed the full downward pressure potential of the 120-yr cycle.
SPX: Intermediate trend - SPX has made a top at 1474. A mid-correction rally is underway.
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Monday, December 10, 2012
Stocks Bull / Bear Market Inflection Point Nears / Stock-Markets / Stock Markets 2012
A choppy market this week in the US which ended quite mixed. For the week the SPX/DOW were +0.55%, but the NDX/NAZ were -1.15%. Asian markets gained 0.8%, European markets gained 1.0%, and the DJ World index was +0.6%. On the economic front positive reports outpaced negative ones 8 to 5. On the uptick: construction spending, productivity, factory orders, ISM services, consumer credit, the WLEI, plus weekly jobless claims and the unemployment rate improved. On the downtick: ISM manufacturing, the ADP index, nonfarm payrolls, consumer sentiment, and investor sentiment. Next week the FED meets tuesday/wednesday, plus we get reports on retail sales, the CPI/PPI, and industrial production. Best to your week!
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Sunday, December 09, 2012
Stock Market PANIC Coming! / Stock-Markets / Stock Markets 2012
The TV pundits all contribute their fair share to the conditioning process by clouding thoughts of any market player. To the extent that all ambiguities presented will bait investors to thinking IRRATIONALLY! Like, waiting for a 1000 point rally to emerge once the fiscal cliff is resolved.
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Saturday, December 08, 2012
Good Jobs...Bad Jobs.... Stock Market Still Lateral..... / Stock-Markets / Stock Markets 2012
The Government came out with their bag of tricks this morning pre-market, telling us that jobs increased by 146,000, which was much better than expected. What they failed to tell you was that the jobs market lost 122,000 people when their claims ran out with the Government--the new math, apparently. So in the end the report was actually worse than expected, but they want you to believe that things are actually improving.
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Friday, December 07, 2012
Will Fiscal Cliff Uncertainty Defeat Stock Market’s Favorable Seasonality? / Stock-Markets / Stock Markets 2012
It’s no secret that the stock market makes most of its gains in the winter months, and if it’s going to have problems they usually take place in the summer months.
The pattern is so consistent that academic studies prove that over the long-term betting on the pattern even with a strategy as simplistic as the venerable old ‘Sell in May and Go Away’ dictum, outperforms the benchmark S&P 500 by a wide margin, while taking only 50% of market risk.
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Friday, December 07, 2012
What the Stock Market VIX is Saying About the Fiscal Cliff / Stock-Markets / Stock Markets 2012
The past few weeks have been full of a constant barrage of press conferences and public statements from the charlatans in Washington D.C. Politicians cannot pass up a chance to get in front of the cameras and the media has used the “fiscal cliff” as a mechanism to scare average Americans further about their future.
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Friday, December 07, 2012
Stock Market Dam is Ready to Burst / Stock-Markets / Stock Markets 2012
We finally caught the break we have been waiting for in the Euro. It broke its Bearish Wedge today, leaving no doubt of its destination. This is the first major “crack in the dam.” With the Euro uptrend broken, the rest of the markets will follow. Those who are long will be like the people living beneath the dam burst. They won’t even have time to make for higher ground.
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Thursday, December 06, 2012
Stock Market Yo Yo....Boring...Nothing Good/Nothing Bad...... / Stock-Markets / Stock Markets 2012
That's the story, and I know it's a very boring one. You are all bored of me telling you this stuff every day. I totally get it. I'm bored of not being able to change things up. Shaking it up some would be nice but, sadly, that's not the way it is right now. The market simply whipsaws around giving no one any satisfaction. The more you trade the more you lose. We saw classic bifurcation today as the Nasdaq was very red thanks to Apple Inc. (AAPL) being down $38, but at the same time the S&P 500 was up a drop and the Dow was up decently. Healthy markets run to froth, not run away from it.
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