Category: Stock Markets 2012
The analysis published under this category are as follows.Sunday, July 15, 2012
Stock Market Significant Top, Downturn to Send Prices Into an Abyss / Stock-Markets / Stock Markets 2012
The broad market averages are now revealing overwhelming evidence that a significant top is upon us. And in the coming weeks, I fully expect the world to witness a dramatic downturn that sends prices into an abyss.
Get ready Folks, as this upcoming event will be a force not to reckon with, and for those who deny such could suffer major losses in their investment portfolio.
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Sunday, July 15, 2012
Stock Market Uptrend Looks Corrective / Stock-Markets / Stock Markets 2012
On a week to week basis it does not look like the market had done much: SPX 1355 last friday, SPX 1357 this friday. During the week, however, the market had quite a roller coaster ride. A gap up opening on tuesday was sold as the SPX hit 1362. Then the market hit its low for the week thursday morning at SPX 1325. A full reversal followed, and in just over 24 hours the week ended with a marginal gain. For the week the SPX/DOW were +0.10%, but the NDX/NAZ were -1.05%. Foreign markets were also mixed. Asian markets lost 1.9%, Europeans markets gained 0.3%, and the DJ World index was -0.6%. Economic reports for the week continued their winning streak, with positives outpacing negatives 6 to 5. On the uptick: consumer credit, the PPI, WLEI and the monetary base, plus the trade deficit and weekly jobless claims improved. On the downtick: wholesale inventories, export/import prices, consumer sentiment and the budget deficit expanded. Next week we get a look at industrial production, the FED’s beige book and housing.
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Saturday, July 14, 2012
U.S. Federal Reserve Delivers 50% Higher Stock Market Pavlovian Premium / Stock-Markets / Stock Markets 2012
The U.S. Federal Reserve Bank of New York has just released what is essentially a stock market manipulation bragging rights report. Based on their research, they have concluded that stock prices would be 50% lower if they had not worked their magic with interest rates, quantitative easing (QE) and various other tools in their monetary toolbox, as announced at the regular Federal Open Market Committee (FOMC) meetings. The report concludes that the U.S. Federal Reserve, by providing sufficient liquidity, has produced a stock market valuation pavlovian premium since 1994. They even produced a few charts to prove it.
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Saturday, July 14, 2012
Where Do the Stock Markets Go From Here? / Stock-Markets / Stock Markets 2012
This week's macro view I want to spend focusing on the current market. However you want to describe it, Friday's market was odd. The best way I can describe the price action is "someone" big in the FX market did "something" big. The ramp at the open in the EUR and subsequent USD selloff on no news is something I have never seen before.
And since the FX markets are bigger than the index equity futures, I believe that is where the fuel came for the "rally." And where it gets really odd and highlights how confused and exhausted traders are is once the move was done, the day was basically over. Low volume ensued and everyone seemed afraid to fade the rally.
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Saturday, July 14, 2012
Stock Market Nothing Bullish...Nothing Bearish....Still! / Stock-Markets / Stock Markets 2012
It's so easy to get bearish when the market is down three days in a row. The market being an emotional machine it's very easy to get caught up in the very short-term and play on what you think will therefore be coming. Instead of simply being bullish or bearish, maybe it's best to take a look at those daily index charts and see what the message is in them. On this six-day down trend, you can see none of the major indices went below key support at the 200-day exponential moving average. The Nasdaq 100 was actually the one index that tested it. The S&P 500 and Dow didn't come close. All of the key exponential moving averages have to go away with force in order for the bears to be in full control. Forget that there's also good support not too far below those key exponential moving averages. That would also have to be broken by the bears, but at the very least, you have to remove all of those moving averages. And that just didn't happen. Close but no cigar, my friend.
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Friday, July 13, 2012
Stocks Bear or Bull Market, Too Close to Call / Stock-Markets / Stock Markets 2012
Is it a bear market, or is it a bull market, that is the question.
On one hand Europe is obviously in a recession. China is slowing dramatically, and the US economy is clearly in 'stall mode' at best, and slowing rapidly at worst. That alone would suggest that a bear market has begun.
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Thursday, July 12, 2012
Two Myths That Stocks Bulls Continue to Cling To Were Just Rendered Moot / Stock-Markets / Stock Markets 2012
Two myths that the Bulls continue to cling to were rendered moot yesterday. Those myths are:
1) That the Fed will engage in more QE.
2) That Spain is saved.
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Thursday, July 12, 2012
Corporate Earnings and Fed Minutes Hit The Stock Market....... / Stock-Markets / Stock Markets 2012
We are going through a rough period here with regards to earnings these days. A few months back we had Chambers, head of Cisco Systems, Inc. (CSCO), say the economy fell off a cliff. Many criticized him, saying it was just his bad leadership that was causing their problems. They were wrong. He was right. The economy did fall off a cliff. Now we're seeing the fallout as there are a lot of companies warning. More than we've seen in quite some time. The scary part is the size of the warnings. Not what they just reported but their future guidance.
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Wednesday, July 11, 2012
Tech Stocks Signal Bearish Move for Stock Market / Stock-Markets / Stock Markets 2012
Today's intraday pop and drop reversal contributes to the growing picture of bearish tape action more consistent with a C wave decline. We are starting to see "good" news, such as recent announcements from the EU, either ignored or actually sold, whereas bad news is being hit hard, such as AMD's profit warning. Alcoa announced an earnings beat and it intially popped and then got crushed for -3.3% on big volume:
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Tuesday, July 10, 2012
Don't Let Wall Street Play You For a "Fool" / Stock-Markets / Stock Markets 2012
William Patalon III writes: If you're like me when you go out shopping, you look for deals. You watch for sales. And you search out bargains. Why pay full price when you can get the same item at a hefty markdown?
That's an economic concept known as "price elasticity." This "rule" essentially says (and I'm dramatically oversimplifying this) that when the price of a product rises, demand for it falls.
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Monday, July 09, 2012
Stock Market Short-term Correction Expected / 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 is back in an intermediate uptrend.
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Monday, July 09, 2012
Making Accurate Stock Market Forecasts Using U.S. Dollar Index / Stock-Markets / Stock Markets 2012
The term Stock market predictions is a very controversial topic and does seem to give off a negative/non-credible overtone to most traders, investors and the general public. We all know you cannot predict the market with 100% certainty, but knowing that you can still predict the market more times than not if done correctly. Keep in mind that the term "market prediction" is also known as a market forecast or technical analysis outlook and is nothing more than a estimated guess of where the price for a specific investment is likely to move in the coming minutes, hours, days, weeks and even months.
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Sunday, July 08, 2012
Global Stock Markets Uptrend Ready to Resume / Stock-Markets / Stock Markets 2012
Overall it was a good week for the US stock market. The SPX eclipsed its previous uptrend high at 1363, on its way to 1375 on tuesday. Then after the mid-week holiday a pullback followed, from extremely overbought condtions. By week’s end the SPX/DOW were -0.7%, but the NDX/NAZ were flat. Overseas markets were mixed as well, with Asia +1.3%, Europe -1.1%, and the DJ World index -0.2%. On the economic front it was another positive week with positive reports outpacing negative ones 7 - 3. On the downtick: ISM manufacturing/services and investor sentiment. On the uptick: construction spending, factory orders, auto sales, the ADP index, the WLEI, plus Payrolls rose and weekly jobless claims declined. Next week we’ll have the FOMC minutes, the twin deficits and the PPI.
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Sunday, July 08, 2012
Stock Market Forecast for the Coming Week / Stock-Markets / Stock Markets 2012
Few weeks ago experts were talking about big sell-off but it looks to me that game is changing, as now many indexes are looking better. I think that only aggressive investors may take a call now and for others it is better to look on March top. Coming week is very important for these stock indexes because most of them are in a position where from they can go either way. So therefore, specific levels are going to be the key for any decision making.
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Saturday, July 07, 2012
U.S. Job Creation?.....Not Really......Market Takes A Small Hit........ / Stock-Markets / Stock Markets 2012
The back and forth whipsaw remains alive and well as we failed yet again near the top of some short-term wedges. The news that drove the market lower today came from the world of job creation, and showed fewer than expected. The market was dreaming of a number at 100,000, but it only received 84,000. Not horrible. Not worthy of a stock market annihilation, but worthy enough of a nasty day that saw man leaders get pulverized. It's a worrisome event. When a market is both overbought and flashing negative divergences on its short-term 60-minute time frame charts, you can't come in below expectations. If you do you feel the pain.
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Friday, July 06, 2012
Obama and the Stock Market, Presidential Elections 2012 / Stock-Markets / Stock Markets 2012
After the US Supreme Court inexplicably redefined Obamacare to uphold its constitutionality, politics are very much back in the news. And with the all-important US elections only 4 months away, it’s only going to get worse. Interestingly, the state of the US stock markets heading into voting is likely to both predict and heavily influence the outcome. The markets’ impact on Americans’ collective psyche is vast.
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Wednesday, July 04, 2012
Stock Market Giving Major Correction Signs / Stock-Markets / Stock Markets 2012
The SP 500 has rallied up into the 1375/77 pivot areas as I had outlined to my subscribers about 10 days ago on the weekend update as possible highs for C wave up from the 1267 SP 500 lows of June. Many forecasters are now getting very bullish, but I continue to see divergences with The Elliott Wave counts and other indicators that are giving me some short term concerns, and then we can determine if these are long term issues still for the markets.
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Tuesday, July 03, 2012
Is the Stock Market S&P500 Index Closing on on a Top? / Stock-Markets / Stock Markets 2012
Friday’s strong move to the upside caught a lot of traders on the wrong side of the market. Regardless of whether financial pundits refer to it as a short-squeeze or simply panic level buying is largely irrelevant. Time and price are always the final arbiters of financial markets. Price on Friday was clearly telling us that too many market participants were shorting equities and the Euro.
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Monday, July 02, 2012
Jim Rogers Says Stock Market Surge from Eurozone Debt Crisis Deal Won't Last / Stock-Markets / Stock Markets 2012
David Zeiler writes: Stock markets around the world soared Friday in reaction to the morning's Eurozone debt crisis deal, but noted investor Jim Rogers wasn't impressed.
"This is no more than just another temporary stopgap to make the market feel good for a few hours, days or even weeks," Rogers, Chairman of Rogers Holdings, told CNBC. "Then everybody's going to wake up and say, "This doesn't solve the problem.'"
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Monday, July 02, 2012
Stock Market Intermediate Low Confirmed, Corrective Pattern? / 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 is probably putting the finishing touches on an intermediate-term bottom.
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