Category: Stock Markets 2012
The analysis published under this category are as follows.Saturday, November 24, 2012
Stock Market Friday – Be Thankful for Small Bounces / Stock-Markets / Stock Markets 2012
Are we going to have a "V"?
We haven't had a good V bounce-pattern in a while – one where the entire drop is entirely reversed on the other side – as if it were some mistake that's correcting itself as quickly as possible. According to ThePatternSite:
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Wednesday, November 21, 2012
Stock Market at Risk of One More Leg Down in November / Stock-Markets / Stock Markets 2012
The SP 500 declined a perfect 61.8% Fibonacci retracement of the summer rally from the 1267 lows to the 1474 highs. In our work we examine human behavioral patterns, sentiment, and Elliott Wave patterns to help with clues on market direction. To be sure, there is no such thing as a perfect technical analysis methodology, so we do our best to mix up a home cooked recipe for assistance in getting as close as we can to calling the pivots up and down.
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Wednesday, November 21, 2012
Stock Market S&P - A Last-Minute Win / Stock-Markets / Stock Markets 2012
Doug Short writes: Pre-market data signaled a weak open, and that’s what we got. The S&P 500 saw some minor selling in the first 15 minutes but bounced back to the opening price within an hour. The index hovered directionless until Chairman Bernanke’s luncheon speech to the New York Economic Club. The index promptly plunged to its intraday low, off 0.71%, at 1:30 PM. But the 500 apparently had a mission to book a third consecutive day of gains. It marched slowly higher, struggled for a bit at the 1,386 level but remained determined. And determination paid off with a closing gain of 0.07% in the last minute of trading, literally.
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Wednesday, November 21, 2012
Key Market Guideposts & Investor Wealth Shelters Faux & Real into 2013 / Stock-Markets / Stock Markets 2012
“Now, with the “fiscal cliff” looming at year-end, at least partially as a result of last-year’s failed deficit negotiations; and with the U.S. Treasury indicating that the next increase in the U.S. debt ceiling will be needed around year-end; deficit reduction issues (taxation and spending) will be coming to a head quickly, along with questions of renewed economic stimulus.
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Wednesday, November 21, 2012
Stock Market, RIMM and KOL Key Trends and Reversals to Watch / Stock-Markets / Stock Markets 2012
The equities market technically still has another day of positive momentum behind it and with a short holiday week higher prices are favored.
This morning in the video I mentioned how oil continues to look untradible because of the sharp news related swings and lack of clear chart patterns. Yesterday it rallied over 2% and today is back down 2%… Steer clear of this beast…
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Tuesday, November 20, 2012
Stock Market Bouncing..... / Stock-Markets / Stock Markets 2012
Friday printed the type of candlesticks across the board that suggested the market was ready for a counter-trend rally. I wrote about it in the newsletter over the weekend. Strong reversal sticks on increasing volume told the world that the bulls needed to play for a while as the bears sat it out for a few days. Like a ball player, everyone gets tired if you're in there day after day. The bears had certainly been in there day after day and had to tire eventually. Friday suggested that was about to take place.
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Monday, November 19, 2012
Stock Market Flash Crash Ultimate Kiss of Death / Stock-Markets / Stock Markets 2012
The picture could not be clearer. All of the prior flash crashes have begun after the 200-day moving average has been violated and retested. In the past, the 200-day moving average (1382.45) has been in sync with the lower trendline of the Broadening Top formations. This time it has made the decline deeper and longer.
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Monday, November 19, 2012
Odds Are High Stock Market Bottom is In, Year End Forecasts / Stock-Markets / Stock Markets 2012
In my last couple of articles I mentioned that I was waiting for the S&P to form a swing low as the first confirmation that an intermediate degree bottom had formed. That swing is going to form on the open Monday morning.
Typically the stock market will rally fairly aggressively out of one of these major intermediate bottoms, often gaining 6%-8% in the first 15-20 days. At that point the market will dip down into a half cycle low that will establish the trend line for this particular daily cycle.
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Monday, November 19, 2012
U.S. Stock Market Inflection Point / Stock-Markets / Stock Markets 2012
For the bears it was a good week. With the exception of monday’s lightly traded semi-holiday session, the market made a new downtrend low every day. For the week the SPX/DOW were -1.75%, and the NDX/NAZ were -1.85%. Asian markets lost 1.2%, European markets lost 2.2%, and the DJ World index was -1.9%. On the economic front it was not much better. For the first time in many weeks the economic reports were predominately negative, with 8 to 3 to the downside. On the uptick: business inventories. the monetary base, and the CPI. On the downtick: retail sales, the PPI, the NY/Philly FED, industrial production, the WLEI, plus both the budget deficit and weekly jobless claims rose. Next week, another light economic report ahead of thursday’s Thanksgiving holiday, we’ll get reports on Consumer sentiment, the Leading indicators and Housing. Best to your Holiday!
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Monday, November 19, 2012
Stock Market Ready for Mid-Correction Rally / 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 triple top, which is a bearish pattern. It has now given a strong indication that an intermediate correction is underway. However, we may be approaching the mid-point of the correction which is usually punctuated by a rally.
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Monday, November 19, 2012
U.S. Stock Market Indices Bottom Is Near! MAP Wave Analysis / Stock-Markets / Stock Markets 2012
It looks very much that the US indices are aligned for slow sideways movement before making this MAP Wave scale lows before the end of the year! I imagine that may well have something to do with the US budget fiasco of which the result will be what Europe has achieved over recent years – to kick the can down the road which should bring some relief, and will cause MAP Wave daily pivot scale retest of the recent highs!
If that retest fails then anyone that still believes we are in a bull market really should question their models as so far all indexes have failed to make all time highs, with the Russell coming closest, but still failing.
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Sunday, November 18, 2012
Oversold Stock Market Rally Coming! / Stock-Markets / Stock Markets 2012
The ever changing nature of the stock market will often boggle analysts if the current price information displays an unclear message. There has always been, and there will always be a fascination to wrongfully challenge what the future holds, instead of interpreting what’s at hand. It’s as if what is already known is simply not enough.
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Saturday, November 17, 2012
After The Stock Market Slaughter, Relief?...... / Stock-Markets / Stock Markets 2012
We have reached a point in this down trend when we should see some relief from the selling for a little while. No guarantee, of course, but we should see some real relief now that the bulls finally printed a daily candlestick that would suggest the bears have finally run out of steam. That's only for the very short-term but it is a signal that the near-term should see some type of rally attempt. I'll talk about where that can go later on in this newsletter, but the ingredients have come together offering up a short-term rally. The move down has been relentless. Non-stop selling seemingly day after day. Listen to the numbers here. The Dow has basically fallen 1,200 points nearly straight down. The S&P 500 was down a powerful 110 points at today's lows and get this, the Nasdaq was down ten points shy of an amazing 400 points. 3200 to 2810 at today's lows.
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Friday, November 16, 2012
Defensive Stocks Are Failing Again As A Safe Haven! / Stock-Markets / Stock Markets 2012
In times of uncertainty, and in preparation for market declines, Wall Street’s advice to investors is always the same.
The market cannot be ‘timed’, and cash does not pay enough interest to even keep up with inflation. So investors need to remain fully invested and continue to buy stocks, but can protect themselves by shifting to ‘defensive’ stocks and sectors.
Wednesday, November 14, 2012
Stock Market S&P 1375 Support Breaks / Stock-Markets / Stock Markets 2012
The bears had their chance yesterday morning with the S&P 500 gapping below 1375. It opened at 1371, only to see the bears give it up to an intraday rally that carried the index back to the low 1380's. The bears had to feel bad mostly because losing key support, such as S&P 500 1375, usually happens on a strong gap down and run. They accomplished the gap down but did not succeed on the run. The bulls found a way to hold the line. Then came last night and Cisco Systems, Inc. (CSCO) fooled the masses with a very nice report and some better than expected guidance. More on that later. The futures exploded higher. The bulls felt they had held the line in the sand and now it would be reversal up time. The futures were strong all night, but they began to weaken some as the morning wore on, although we still had a decent gap up open today. It didn't take long before the upside started to erode. The S&P 500 testing back towards 1375 again.
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Wednesday, November 14, 2012
Stock Market Holiday Rally Looks to be a Turkey / Stock-Markets / Stock Markets 2012
A rally into the U.S. Thanksgiving holiday is standard fare for the equity markets as it is for most holiday-shortened weeks. There should be plenty of meat for the bulls; unfortunately, it looks to be a bull-trap.
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Wednesday, November 14, 2012
Stock Market Crash Begins Today / Stock-Markets / Stock Markets 2012
The SPX slipped loose of all supports this morning. Yesterday’s failure to test the underside of the Orthodox Broadening Top as I had indicated tells us that more weakness is to be expected.
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Tuesday, November 13, 2012
Stock Market Dump and Pump? / Stock-Markets / Stock Markets 2012
Yesterday’s low volume may be attributed to the bank holiday yesterday. This morning, the SPX declined 8 points at the open, then shot up, powered by the newly-turned-on HFT computers. It appears that the SPX may be completing a Minute Wave [c] of 2 this morning, rather than yesterday, as my Model had supposed.
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Tuesday, November 13, 2012
Euro-zone Trauma Means Stock Market Technical Weakness Continues / Stock-Markets / Stock Markets 2012
The technical picture in the market continues to deteriorate. The divergence between the Dow Transports and the Dow Industrials has been resolved with both indices now adopting a bearish stance. The Dow 30, the Dow 20 and the NASDAQ are all trading below their 200 day moving averages. The S & P 500 is only 3 points above this important technical level. In addition, with regard to market breath, the 20 day moving average has crossed the 50 day moving average on the McClennan Summation and the NYSE Advance/Decline Line. I am a great believer in market breath indicators so I reckon we are on the cusp of a bear trend turning into a bear market. It is all in play as we speak but for me the deciding indicator will be the Dow Transports. As mentioned in the October brief, should this index break below the 4850 level decisively, in all probability the bear trend will have gained "legs to last".
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Tuesday, November 13, 2012
It Looks Like the Stock Market Is Saying "OMG" / Stock-Markets / Stock Markets 2012
Shah Gilani writes: Today I want to talk about a few things I've been scratching my head over lately.
First, about those polls leading up to the presidential contest.
How come they were so wrong? How come the candidates were inches apart right up to the finish line, and then it's like a "tortoise and the hare" kind of ending?
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