Category: Stock Markets 2012
The analysis published under this category are as follows.Sunday, July 01, 2012
Stock Market Short Squeezes Do Not Change Bear Trends / Stock-Markets / Stock Markets 2012
-- VIX retested its wave [2] low, but did not break below it. This action may be interpreted as a smaller wave (2). The Master Cycle low on June 21 still stands. The effort to suppress the VIX has not changed either the Elliott Wave action or the Cycle pattern.
SPX has a window dressing moment.
Saturday, June 30, 2012
Global Stock Market Uptrend Confirmations Pending / Stock-Markets / Stock Markets 2012
Another wild week on Wall Street as the market had gap openings on four of the five days. In the end it was a positive week as there was a gap up opening on friday which took the market to its highest levels of the week. Even the economic news improved somewhat to a balance between positive and negative reports. On the uptick: new/pending home sales, Case-Shiller home prices, durable goods orders, the Chicago PMI and weekly jobless claims ticked down. On the downtick: consumer confidence/sentiment, personal spending, new home prices, the monetary base and the WLEI. For the week the SPX/DOW were +1.95%, and the NDX/NAZ were +1.35%. Asian markets rallied 1.3%, European markets rose 2.8%, and the DJ World index gained 2.4%. Next week we have a mid-week holiday with reports on ISM, and on friday the monthly Payrolls report.
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Saturday, June 30, 2012
Europe Gets What It Wants....Merkel Gives In..... / Stock-Markets / Stock Markets 2012
The only person holding back the Eurozone from flooding the banks in need with cash was Germany's Mrs. Merkel. A smart woman who insisted her country would not support efforts to inflate through the printing of dollars to support financially troubled banks throughout Spain, Ireland, Greece, Portugal and Italy. I guess the pressure became too overwhelming as she did cave in and finally supported those efforts to inflate the banks. She'll be grilled hard as her country will now also pay the price down the road, but the bottom line is she did cave in and she did support the efforts. The market ate it up in a positive way.
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Saturday, June 30, 2012
EU Rescues Stock Markets Just in Time – Again! / Stock-Markets / Stock Markets 2012
At their 19th summit meeting since the eurozone crisis began two years ago European officials once again demonstrated their willingness to take markets to the very brink before taking action.
And once again it worked, with markets rallying in hopes that the actions just announced will be more lasting and meaningful than the previous rescue efforts.
Tuesday, June 26, 2012
Euro Summit Gaps Stock Market Lower / Stock-Markets / Stock Markets 2012
The Euro Summit is upon us with many questions still unanswered, such as how Greece and Spain will receive funds for bailouts being the primary issue at hand. Everyone is looking for Merkel from Germany to step in and support it all. She, however, said over the weekend that she will have none of it. The Eurozone was not happy about this, thus, all of it sold off while we slept last night. This, of course, allowed our stock futures to fall hard into the open today. We gapped down and never looked back. Nothing horrible, but an overall downer of a day for the bulls as it was mostly a gap and run day, instead of the far more bullish gap and churn, which turns red hollow late.
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Monday, June 25, 2012
Bernanke Ponders The Financial Crisis Stock Market Plunge / Stock-Markets / Stock Markets 2012
Three months ago Ben Bernanke gave a series of lectures and defended the Feds actions during the financial crisis. In what was tantamount to a post-crisis victory lap, Bernanke contended that we did stop the meltdown, and we avoided what would have been, I think, a collapse of the global financial system. These sentiments echoed similar self-congratulatory remarks made by Mr. Bernanke in 2011 and 2010. For that matter, they mirrored those made by Bernanke as far back as August 2009:
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Monday, June 25, 2012
SPX Turns Down, The "Bernanke Put" Won't Happen Here / Stock-Markets / Stock Markets 2012
-- VIX has now completed a 77.9% wave [2] correction. A normal Fibonacci correction would be .78.6%. It appeared that the VIX may have made its correction low on June 11, its Primary Cycle low. However, The Master Cycle opted for an early low on June 21, which was three weeks earlier than the normal low. This is very bullish for the VIX, since it presumes 4 months of rally may follow.
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Monday, June 25, 2012
Is the Stock Market SPX Index Resuming its Intermediate Downtrend? / 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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Saturday, June 23, 2012
Stock Market Neutrality.... / Stock-Markets / Stock Markets 2012
That's what we're dealing with, a lot of neutral messages. When I studied the charts late in today's session, I noticed many different buy and sell points on all the daily charts. It didn't matter whether I was looking at an index chart, or the chart of any number of individual stocks. They all had mixed messages behind them. For instance, most charts printed inside days meaning the candles from today traded inside the previous day's stick. In addition, they did so near the bottom of yesterday's sticks. They also did so on lighter volume. All of this usually means the trend will follow through again on Monday. However, if I study the MACD's, they look different. They are holding up well with the slow or negative line racing up to the fast or positive line. That usually happens when things are more bullish. There's the problem for playing long or short. It's unclear.
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Tuesday, June 19, 2012
How Can VIX Get So Low When Market Risk is High? / Stock-Markets / Stock Markets 2012
Traders are scratching their heads about the dismal showing in the VIX today. How in the world can the VIX get so low when the market is so much at risk? Well, as the saying goes, the market will do what it wants to do. In this case, it is due, not only for a Primary Wave [2] low, but also a Master Cycle low. In Cycles jargon, tomorrow is a Primary Cycle pivot day, as well.
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Tuesday, June 19, 2012
Greece Election Eurogeddon Stock Market Trend Analysis and Forecast / News_Letter / Stock Markets 2012
The Market Oracle NewsletterJune 16th , 2012 Issue #10 Vol. 6
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Monday, June 18, 2012
Stock Market Elliott Wave Forecast for the Dow / Stock-Markets / Stock Markets 2012
Given the heightened sense of both fear and euphoria respectively associated with the outcome of Greek elections and the cartel of global central bankers pledging if need be, to do all that is necessary to further distort the price mechanism, we thought it appropriate to publically share our forecast for the Dow.
In our view, there is no better means by which to observe the rapidly changing state of global economic conditions than to grasp and interpret the clear inferences attained in accurately reading the price mechanism at work in real time.
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Monday, June 18, 2012
DJIA Leads Stock Market Rally Higher / 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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Monday, June 18, 2012
Value Line Geometric Index Predicts Major Stock Market Top / Stock-Markets / Stock Markets 2012
Last week I posted analysis showing that the monthly RSI divergence which formed at the 2011 and 2012 highs is a very reliable indicator of a stock market decline of almost 28% lasting 11 months. I continue to see many, many companion signals which confirm this.
The Value Line Geometric Index is showing a technical condition which has also been a strong indicator of major market tops.
Monday, June 18, 2012
U.S. Stock Market Uptrend Appears Underway / Stock-Markets / Stock Markets 2012
After last week’s market surge, (+3.65%), the market started the week with a gap up. But it was sold off and the market remained quite choppy until early thursday. Then the rally resumed. For the week the SPX/DOW were +1.5%, and the NDX/NAZ were +0.5%. Growth stocks appear to be lagging, somewhat, as the 2 year tech cycle low approaches. Asian markets gained 1.4%, European markets rose 1.2%, and the DJ World index rose 1.6%. Economic reports for the week were heavily biased to the downside: 2 up and 12 down. On the uptick: business inventories and the monetary base. On the downtick: export/import prices, retail sales, the CPI/PPI, the NY FED, industrial production, consumer sentiment, and the WLEI. Also, the budget deficit, current account deficit, and weekly jobless claims all rose. Overall, it was a good week for stocks as the economy continues to weaken. FOMC meeting concludes this wednesday.
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Saturday, June 16, 2012
Greece Election Eurogeddon Stock Market Trend Analysis and Forecast / Stock-Markets / Stock Markets 2012
The world watches as Greek politicians build themselves up into a frenzy ahead of Sunday's election, uttering contradictory statements with virtually every breath. For instance Tsipras of Syriza promises end to economic austerity AND that Greece will stay within the euro-zone. Meanwhile the leader of New Democracy warns that this could be Greece's last election!
However the problem the euro-zone faces is not really about the Greek economy going bust, instead it has always been about the contagion consequences for the rest of the Euro-zone that Greece risks triggering, all the way from tiny Cyprus to the giants of Italy and even France. A Greece exit would change the dynamics of the single currency by setting a precedent that virtually guarantees that the Euro-zone currency would fall apart as each country is targeted one after another for the fundamental reason that without competitive devaluations between countries they are destined to go bankrupt as they cannot compete against Germany.
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Friday, June 15, 2012
Stock Market S&P 500 Elliott Wave Forecasts, Simplified / Stock-Markets / Stock Markets 2012
Here's what Elliott wave analysis is all about: You study charts to find non-overlapping 5-wave moves (trend-defining) from overlapping 3-wave ones (corrective, countertrend).
With that in mind, please take a look at this chart of the S&P 500, which our U.S. Intraday Stocks Specialty Service (FreeWeek is on now) posted for subscribers at 9:37 AM today (June 14):
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Friday, June 15, 2012
U.S. Stock Market Analysis and Forecasts Free Access / Stock-Markets / Stock Markets 2012
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Tuesday, June 12, 2012
The Smell of Market Fear: Stocks Typically Fall Faster than they Rise / Stock-Markets / Stock Markets 2012
Rising stock prices vs. investor fear: When one is present, the other is usually absent.
Yet the two were actually in each other's company around the time of the most recent high in the Dow Industrials (May 1):
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Tuesday, June 12, 2012
Stock Market Tiring Of Bailouts....Market Reversal Down..... / Stock-Markets / Stock Markets 2012
The market was waiting over the weekend to see what would come out of the Euro-zone with regards to the potential financial meltdown in Spain. Would the world come to the rescue or let Spain sink in to the abyss was the real question. The market got its answer when the world came to the rescue and gave them all they would need and more. It's ridiculous bailout that displayed the depth of desperation out there. The market, naturally, loved it. Or did it?!!
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