Category: Stock Markets 2012
The analysis published under this category are as follows.Thursday, March 08, 2012
Incomplete Correction in eMini S&P / Stock-Markets / Stock Markets 2012
Both my pattern and momentum work argue that the rally in the emini S&P 500 off of Tuesday's low at 1343.00 into today's high at 1360 represents an "intervening recovery bounce" that will roll over into another downleg within an incomplete larger correction off of the 1377 highs on Feb 29 and Mar 1.
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Thursday, March 08, 2012
Where’s The Problem With The Stock Market? / Stock-Markets / Stock Markets 2012
So where’s the problem? What problem? Look at the charts below. See any problems with this uptrend? We see nothing that makes us stand up and take notice. What we do see are indexes that are in clearly defined uptrends that are pulling back off highs to prior support levels and moving averages — plain and simple.
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Wednesday, March 07, 2012
Stock Market Flash Crash, Fat Fingers, and Positioning for a Correction / Stock-Markets / Stock Markets 2012
Shah Gilani writes: Speculation is running rampant about what really happened to the markets last week.
In case you missed it, as Fed Chairman Ben Bernanke was chatting up Congressional clowns last Wednesday morning, Treasury bond prices collapsed in one minute flat, and gold dropped 3.73% in less than an hour, ending $90 an ounce (or 6%) lower.
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Wednesday, March 07, 2012
The Stock Market, Sunspots and Geomagnetism / Stock-Markets / Stock Markets 2012
The solar peak is forecast for February/March 2013, which means sunspot counts should peak around then. The chart below shows that sunspots picked up from their December 2008 minimum gradually, becoming significant in 2011. In the last few months though, they appear to have died away.
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Wednesday, March 07, 2012
Has the Stock Market Correction Finally Begun? / Stock-Markets / Stock Markets 2012
Today is a classic example of why I have been warning traders not to push the long side of the stock market. When these creeper trends finally break they often generate a crash or semi crash type of profit-taking event.
The last 2 1/2 months were a classic example of why I have been warning traders not to short the stock market. These creeper trends can go on much longer than many people expect and shorts just end up getting whipsawed out multiple times until they're so shell shocked that they can't hold on when they finally do catch the top.
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Tuesday, March 06, 2012
Singapore Stock Market is the World's Biggest Bargain / Stock-Markets / Stock Markets 2012
Martin Hutchinson writes: Having spent three years there as a child, I have happy memories of Singapore.
In those days, most of the locals lived in "atap" palm-frond-roofed huts and bathed by standpipes.
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Monday, March 05, 2012
Four Cycle Turns Warn of a Stock Market Top in March 2012 / Stock-Markets / Stock Markets 2012
There is a lot of cycle evidence that suggests a top is coming in March 2012. How significant a top is hard to say, but the odds are the coming decline will be at least in the 10 percent area. If this coming top is the top of Grand Supercycle degree wave {III}, then stocks will begin a decline that could retrace 50 percent or more of the market over the next several years, with large chunks of decline occurring incrementally, followed by normal 40 to 60 percent retracements as stocks work toward significantly lower levels. This weekend we will present this cycle evidence, which we believe is compelling.
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Sunday, March 04, 2012
Stock Market Volatility Bounces Bottom Awaiting Bad News or Selling to Strike! / Stock-Markets / Stock Markets 2012
Over the past 5 months we have seen volatility steadily decline as stocks and commodities rise in value. The 65% drop in the volatility index is now trading at a level which has triggered many selloffs in the stock market over the years as investors become more and more comfortable and greedy with rising stock prices.Read full article... Read full article...
Sunday, March 04, 2012
S&P 1370 Still too tough to Break, Time for Selling? / Stock-Markets / Stock Markets 2012
The bulls have worked long and hard to get this market to break out lover the current big resistance level at S&P 500 1370, but after many attempts over the past several days, it may be best if they give up their efforts and allow the markets to sell some to allow things to unwind far more deeply on those long overbought oscillators. Stocks such as Apple Inc. (AAPL) and Priceline.com Incorporated (PCLN) could use a rest, and if they get it, this would allow the market to pull back and take the necessary pause to refresh. The bulls would actually be best served if they let this take place as it would offer up a far better buying juncture down the road. A few weeks, or months, of slight downward action would really get the job done, but we can't be sure this is about to take place, although there are subtle hints. There are somewhat more labored MACD's on the daily index charts, some leaders in various sectors are starting to lose their 50-day exponential moving averages, which is a real change of trend that hasn't happened in many months, and we are seeing a few more economic reports come in below expectations lately, this week to be exact, and this could help the bears get a bit more aggressive and tell the bulls to step back.
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Sunday, March 04, 2012
Stock Market Uptrend Top for Potential Extension / Stock-Markets / Stock Markets 2012
A consolidation week for the major US indices, as the SPX traded in another narrow range: 1355-1378, but made another new uptrend high. For the week the SPX/DOW were mixed, but the NDX/NAZ were +0.7%. Asian markets gained 0.6%, European markets gained 0.7%, but the DJ World index was -0.1%. Economic reports for the week were mixed: 6 Up and 6 Down. On the downtick: durable goods orders, Case-Shiller, personal income, ISM manufacturing, construction spending and investor sentiment. On the uptick: pending home sales, consumer confidence, Q4 GDP, the Chicago PMI, personal spending, and the WLEI. Overall it was a fairly quiet trendless week after wednesday’s open. Next week: the monthly Payrolls report, Consumer credit and ISM services.
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Saturday, March 03, 2012
DOW Ending Diagonal Pattern, Stock Market to Head Sharply Lower / Stock-Markets / Stock Markets 2012
DOW Short Term Forecast Update
Many investors have been frustrated with the choppy action on the DOW, so we have provided a chart to illustrate our forecast on the expected price action. This corrective choppy action is an ending diagonal pattern which is a terminal pattern. We should see further downside below the lower trendline with a a sharp decline to at least the starting point of the ED pattern at 12550. We should expect to see a brief rally at this level before further downside.
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Saturday, March 03, 2012
Stock Market Dismisses Doom and Points to the Road to Economic Recovery / Stock-Markets / Stock Markets 2012
Over the last 11 weeks, investors have enjoyed a continuing rising trend in equity markets. If the news pointed to rising tensions in the Middle East, higher cost at the gas pump, debt levels around the world that nations could not sustain, they were all dismissed. The road to "recovery" has spoken in "the markets".
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Friday, March 02, 2012
Will the Stock Market Ever Correct / Stock-Markets / Stock Markets 2012
That seems to be the question that everyone has been asking themselves for two months now. Analysts have been trying to pick a top in this market for weeks. All the while I've been telling, actually begging, people not to sell short. Until the dollar puts in an intermediate bottom there is just little chance that the stock market is going to suffer any meaningful correction.
There was the possibility that occurred in early February as the dollar rallied enough to form a weekly swing. However that rally quickly failed and rolled over into another left translated cycle. That gave the market enough impetus to push through the July and May 2011 highs.
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Wednesday, February 29, 2012
Dow Closed Above 13000: What Next? / Stock-Markets / Stock Markets 2012
Kerri Shannon writes: he Dow Jones Industrial Average closed above 13000 yesterday (Tuesday) for the first time since May 19, 2008, as investors remain optimistic amid global economic unease.
The Dow gained 0.18%, or 23.61 points, to close just above the mark at 13005.12.
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Wednesday, February 29, 2012
Stock Market Breadth Aligns With Pullback Scenario / Stock-Markets / Stock Markets 2012
Yesterday, we noted some bad news would probably be needed to tip the scales in this market. This morning’s economic data fits the “bad news” bill. From Reuters:
Read full article... Read full article...New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected. Durable goods orders dropped 4.0 percent, the biggest decline since January 2009 when the country was still mired in a deep recession, according to Commerce Department data on Tuesday.
Monday, February 27, 2012
Stock Market Short-term Top Forming / 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 - The intermediate uptrend is still intact, but a short-term top is forming.
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Monday, February 27, 2012
The Irrelevant Dow Industrials Stock Index? / Stock-Markets / Stock Markets 2012
With the ‘breaking news’ on Tuesday morning being the fact that the Dow Jones Industrials had broken 13,000 for the first time since 2008, the immediate spin from the majority of the mainstream press revolved around ‘see, its all better now’. Their evidence for this ridiculous statement? The performance of 30 stocks and an index that changes more than a flip-flopping politician during campaign season.
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Sunday, February 26, 2012
Stock Market Uptrend Topping / Stock-Markets / Stock Markets 2012
Another quiet week in the US equity market as the entire range for the week was between SPX 1352 and 1369. While the SPX did not make a new print high, above 1371, it did make a new closing high for the bull market. Now all four major US indices are in new bull market territory. For the week the SPX/DOW were +0.3%, and the NDX/NAZ were +0.6%. Asian markets gained 0.4%, European markets lost 0.2%, and the DJ World index was +0.9%. On the economic front it was a quiet mixed week. On the uptick: consumer sentiment, new home sales, the WLEI, and the monetary base made a new high. On the downtick: existing home sales, FHFA housing prices, the M1 multiplier, and weekly jobless claims rose. Next week we’ll get a look at the first revision of Q4 GDP, the FED’s beige book, Case-Shiller and PCE prices. Best to your weekend and week!
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Saturday, February 25, 2012
Stock Market Another Week Of Solid Action...And At Overbought...Risk Increasing... / Stock-Markets / Stock Markets 2012
Not that the market did very much this week. It did very little. However, it did hold well considering how long the daily RSI's on many of the major index charts have been overbought. 70 RSI's have been normal behavior for several weeks. They went a few moments below from time to time, but overall the market has been staying overbought. Because of this reality, the majority of people are starting to act as if the market is due for a stronger pullback, but I'll cover more on that in a bit. With a market this overbought for this long, it makes sense that each day is losing its volatility as the VIX is now well below 20 again. Things can be awfully boring with a VIX well under 20. So little movement.
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Friday, February 24, 2012
Stock Market and 2012 Presidential Elections / Stock-Markets / Stock Markets 2012
With the 2012 elections looming, politics are increasingly dominating newsflow. And it is only going to get worse, news will be all politics all the time by summer. Speculators and investors will be watching with great interest, as these elections’ outcome will impact the markets for years. But provocatively, the fortunes of the stock markets will heavily influence voters’ psychology and therefore the results.
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