Category: Stock Markets 2013
The analysis published under this category are as follows.Wednesday, October 30, 2013
Dow Closes at New All Time High Despite Academics, Journalists and Perma Bears Gibberish / Stock-Markets / Stock Markets 2013
New Dow (DJIA) closing high of 15,680 illustrates that the fundamentals as perceived by academic economists, pseudo-economists (Journalists) and market commentators (sales men) which suggested that following the last stock market peak of Mid September, and in the light of dire news of U.S. government shutdown, possible debt default, QE tapering and slowing econcomy that the stock market looked set to have entered into another New bear market. The calls for such dire expectations reached their maximum intensity at the depths of the stock market correction by early October where many commentators in the mainstream press and BlogosFear could be found proclaiming that "The Top Was In", "The Top Was In", and continuing along a now very familiar argument for a debt deflationary death spiral, an argument that is more than 5 years and has YET to materialise whilst 'normal' and seasonally expected stock market corrections have ALWAYS resolved to new all time highs, just as was the case this time around.
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Tuesday, October 29, 2013
Stock Market Ominous Omens / Stock-Markets / Stock Markets 2013
With new highs in the S&P 500 last week the bulls are excited again. Never mind the fact that the Dow industrials index is still well below its 9/18/13 high. When determining the health of the broad market technicians like to “look beneath the hood” to the performance of individual sectors particularly the more cyclical groups.
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Tuesday, October 29, 2013
Stock Market Waiting on the Fed at the Top of the Range / Stock-Markets / Stock Markets 2013
Yes, it's a RISING channel!
That's why we are long-term BULLISH but short-term BEARISH. As noted by TraderStewie, this is a movie we've seen before, with the S&P making a power-move to the top of the channel, only to find resistance there that turned out not to be futile.
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Tuesday, October 29, 2013
Stock Market Bearish and Bullish Trend Outlooks / Stock-Markets / Stock Markets 2013
My Stock market trend analysis is likely different from what you think is about to unfold. Keep an open mind as this is just showing you both sides of the coin from a technical stand point. Remember, the market likes to trend in the direction which causes the most investor pain.
Since the stock market bottom in 2009 equities has been rising which is great, but this train could be setting up to do the unthinkable. What do I mean? Well, let’s take a look at the two possible outcomes.
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Monday, October 28, 2013
Stock Market Drifts High Ahead of Fed / Stock-Markets / Stock Markets 2013
Today was a very quiet day in the markets with light volumes and a slight upward bias as markets toddle along on earnings results and expectations of no changes from the Fed on Wednesday.
This is a 'dull market.' It looks a bit toppy but I think it might take something to shake the bulls out of their sleepwalking the indices higher.
Monday, October 28, 2013
Stock Market SPX Rally Not Confirmed by the VIX / Stock-Markets / Stock Markets 2013
Minor Wave 5 is reduced to undecipherable squiggles as the SPX climbs the lower trendline of another Broadening Wedge formation. The break occurs at 1761.00, so we may be on the alert for it.
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Monday, October 28, 2013
Stock Market Important Top Within Next Two Weeks / Stock-Markets / Stock Markets 2013
Current Position of the Market
SPX: Very Long-term trend - The very-long-term cycles are in their down phases, and if they make their lows when expected (after this bull market is over), there will be another steep decline into late 2014. However, the severe correction of 2007-2009 may have curtailed the full downward pressure potential of the 40-yr and 120-yr cycles.
Intermediate trend - SPX is back in a short-term uptrend but within days of a top.
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Sunday, October 27, 2013
Stock Market Trick or Treat / Stock-Markets / Stock Markets 2013
Stocks were drifting higher for much of the day as Amazon's beat on revenues cheered the markets.
The economic news not so much.
Next week is another FOMC decision on October 30. Do we think the Fed will have a trick or a treat for the market?
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Saturday, October 26, 2013
Stocks Bull Market Continues / Stock-Markets / Stock Markets 2013
SPX makes an all time high on Tuesday, consolidates, then ends the week at 1760 another all time high. For the week the SPX/DOW gained 1.0%, the NDX/NAZ gained 0.8%, and the DJ World index was 0.4% higher. Economic reporting for the week was almost back to normal, and positive reports edged out negative ones. On the uptick: export/import prices, durable goods orders, wholesale inventories, the FHFA, plus both weekly jobless claims and the unemployment rate improved. On the downtick: existing home sales, monthly payrolls, consumer sentiment, the M1-multiplier and the WLEI. Next week we get a plethora of economic reports along with the FOMC meeting. Best to your week!
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Saturday, October 26, 2013
Stocks Bull Market Continues, But Watch Out For the Short Term / Stock-Markets / Stock Markets 2013
The market’s bias remains to the upside. It could even be that the debt-ceiling fiasco in Washington helped to buy the bull market more time.
Economic reports are beginning to show the government shutdown was a negative for the economy, but had less effect than was feared. Yet it had enough effect to make it unlikely the Fed will begin tapering back its stimulus until at least next March.
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Saturday, October 26, 2013
Stock Market Dow Theory Big Picture / Stock-Markets / Stock Markets 2013
With the last all time closing high on the Dow Jones Industrial Average having occurred on September 18th, it is an indisputable fact that as of this writing, structurally, the advance out of the 2009 low remains intact. From a Dow theory perspective, the bullish primary trend change also remains intact. The money makers continue their infusion, the commentators in the mainstream news continue telling us why all is well and what to believe. All the while the public continues taking the bait and seemingly believing that the illusion is real.
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Friday, October 25, 2013
US Stock Market The Great American Wall Of Worry / Stock-Markets / Stock Markets 2013
Traders and investors all around the world is having trouble climbing over the wall of worry/fear with the US stock market, and rightly so. There is a lot of things taking place and unfolding that carry a high level of uncertainty. Let’s face it, who wants to invest money into the market when it’s hard to come by (high unemployment, banks are still extremely tight with their money, companies are nowhere near wanting to hiring new staff).
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Friday, October 25, 2013
Five-Year Stocks Bull Run Showing Signs of Fading? / Stock-Markets / Stock Markets 2013
George Leong writes: A soft jobs reading came out last Tuesday, and the stock market…soared? That’s right. Initially, I was a bit taken aback by the surge, but then again, the buying was driven by the optimism surrounding soft economic growth—because that means the Federal Reserve can justify its continuance of cheap money and the stock market stays at its highs. (You’d be a fool to think the buying was driven by sound economic and corporate growth—even if that is the first lesson in Economics 101.)
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Friday, October 25, 2013
Friday’s Fantastic Stock Market Finish / Stock-Markets / Stock Markets 2013
1,752. You can't argue with that.
We're just a bit off Tuesday's spike high of 1,759 and we closed that day at 1,754 – up 1,088 points (163%) from our March, 2009 low of 666 (the mark of the Dimon!). As you can see from Doug Short's chart, we've had 4 rounds of QE to get us this far and that was after a couple of bailouts but that's all water (or money) under the bridge and here we are…
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Wednesday, October 23, 2013
EURUSD Remains Bullish While The S&P 500 Trades Higher / Stock-Markets / Stock Markets 2013
Markets are in sharp reversal after yesterdays risk-on rally. We can see some USD recovery this morning but for now that's only on the intra-day basis, larger picture is still down for the buck, so technically nothing changes. The only difference is maybe a shift between strong commodity currencies to a temporary bearish picture. But important part here is »temporary«. Before we go to some wave counts, lets firstly take a look on correlations.
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Tuesday, October 22, 2013
S&P 500 Breaks Higher After The Non Farm Payrolls / Stock-Markets / Stock Markets 2013
European stocks and US stocks futures are higher across the board after the bad NFP report on speculations that tapering will not start any time soon. From a technical point of view we see S&P futures rallying in wave v) of (iii), so corrective retracement may show up soon, but there is room for 1750 before wave (iv) pull-back occurs. This coming wave (iv) could then be a new opportunity for traders who want to join the trend.Read full article... Read full article...
Tuesday, October 22, 2013
Has The Stock Market Reached Peak Optimism? / Stock-Markets / Stock Markets 2013
Michael Lombardi writes: Optimism towards key stock indices is increasing each day. The U.S. stock market “seems” to be a safe place, and it’s common to hear stock advisors suggesting we are going higher on key stock indices.
Key stock indices like the S&P 500 are making fresh highs. Google Inc. (NASDAQ/GOOG) has surged above the $1,000-per-share mark. Just take a look at the chart below.
Monday, October 21, 2013
Is Japan's Stock Market the Most Attractive in the World? / Stock-Markets / Stock Markets 2013
Alexander Green writes: A few months ago, I opined that Japanese stocks are among the most compelling investments worldwide.
Sure enough, since its June low the market there is up 18%. Yet I feel even stronger about Japanese equities now than I did then. Here’s why…
Monday, October 21, 2013
Stock Market Rally Continues / Stock-Markets / Stock Markets 2013
Courtesy of Doug Short:Seven of the eight indexes in my international focus group finished in the green for the week, with the S&P 500 topping the list with its 2.42% gain. The lone loser was the Shanghai Composite, which fell 1.54.
The Shanghai Composite remains the only index on the watch list in bear territory — the traditional designation for a 20% decline from an interim high. See the table inset (lower right) in the chart below. The index is down 36.80% from its interim high of August 2009. At the other end, the S&P 500 and DAXK closed the week with all-time highs and CAC 40 hit a new interim high since its 2009 trough.
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Monday, October 21, 2013
Stocks Bull Market Continues / Stock-Markets / Stock Markets 2013
After gapping down three of the five trading days, which were mostly bought before 10AM, and two gap up openings, the SPX closed at all time new highs. The DOW ended the week about 300 points from its all time high, and the NDX/NAZ are still a long way from their 2000 all time high. Nevertheless it has been a bull market since March 2009. For the week the SPX/DOW were +1.75%, the NDX/NAZ were +3.45%, and the DJ World index was +2.50%. Economics reports were again sparse, as the government remained partially closed until the last hour “let’s do it again in February” agreement was made midweek. For the week negative reports outpaced positive ones 4 to 3. On the uptick: the monetary base and the M1 multiplier, plus weekly jobless claims were lower. On the downtick: the NY/Philly FED, the NAHB housing index, and the WLEI. Next week, with reporting hopefully back to normal we should get the Payrolls report, Consumer sentiment and some Housing reports. Best to your week!
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