Category: Stock Markets 2013
The analysis published under this category are as follows.Monday, October 21, 2013
Warning - Stocks Bull Market Major Top Forming / 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.
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Sunday, October 20, 2013
S&P 500 Stock Market New All Time High as Debt Ceiling Propaganda Ends / Stock-Markets / Stock Markets 2013
From amidst an extreme bearish environment as a consequence of U.S. Government shutdown and debt ceiling default armageddon propaganda that played out at maximum volume in the mainstream press, stocks markets like a phoenix instead of collapsing in to the depths of a deflationary black hole, have risen from the ashes and stealthily resolved to new all time highs, which as mainstream propaganda is now suggesting after the fact is on resolution of the debt ceiling play acting by politicians, as is being regurgitated at length now by the BlogosFear.
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Sunday, October 20, 2013
Gold and Silver Big Moves In and Out of Comex Bullion Warehouses / Stock-Markets / Stock Markets 2013
Yesterday saw two big withdrawals of gold bullion from the Comex warehouses.
62,050 ounces came out of HSBC and 16,556 ounces left Scotia Mocatta, both out of eligible storage.
But never fear, JPM came to the rescue with a whopping deposit of 192,900 ounce of gold bullion into eligible storage. I wonder where that came from. Wink wink, nod nod.
Saturday, October 19, 2013
New Concerns Will Continue Stock Market Volatility / Stock-Markets / Stock Markets 2013
The volatility has been brutal since May when the Federal Reserve first hinted it might begin to taper back its QE stimulus, then relented, only to soon hint again that it might do so by its September meeting.
When the Fed then made its ‘no-taper’ decision in September, Congress took over as the driving force of the volatility with its ‘on again- off again’ hopes for a resolution to the debt-crisis and government shutdown.
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Friday, October 18, 2013
Stock and Bond Market Possible Major Cycle Inflections / Stock-Markets / Stock Markets 2013
TNX is nearing the end of its Intermediate Wave (4) decline. In fact, if the hourly Cycle Bottom at 25.75 is final support, it may have reached its target this morning. In fact, the rally in yields may resume through the month of January. This suggests that the bond market is becoming more and more uneasy about the next debt ceiling debate.
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Thursday, October 17, 2013
Stock Market Rally Perfect Opportunity for Investors to Liquidate Some Positions? / Stock-Markets / Stock Markets 2013
George Leong writes: What the heck is with this stock market? The ability of the stock market to hold and avert a major correction over the past two weeks and then follow this with an upward move on the charts is a surprise—at least in my view it is, as it clearly shows the bullish bias controlling this stock market.
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Wednesday, October 16, 2013
Four-Day Stock Market Rally Ends; Still Whistling in the Dark? / Stock-Markets / Stock Markets 2013
Courtesy of Doug Short: The mainstream financial press attributes today?s market decline to the lack of a debt deal. And indeed the S&P 500 fell 0.71%. But with two days to go before the debt ceiling, the incompetence in Washington isn?t triggering that much reaction. Consider: The average intraday range in 2013 (change from low to high) is 0.90%. Today?s 0.71% loss occurred within a 0.93% range. Since the October 1st government shutdown, we?ve had three days with greater declines than today. Moreover, the S&P 500 is only 1.59% off its all-time high on September 18th and is up 0.98% since the shutdown began.
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Tuesday, October 15, 2013
Stock Market Perfect Bull Trap / Stock-Markets / Stock Markets 2013
SPX is in a perfect bull-trap formation. The rally may be over, but the hope for a settlement is high. This has many traders and investors still comfortable being long.
But the splinter is getting wider and the fragmentation of views combined with the refusal to negotiate may be a toxic mix.
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Tuesday, October 15, 2013
Stock Market Appears Ready for New High - What Impact on Gold? / Stock-Markets / Stock Markets 2013
On Monday, after weekend talks failed to reach a solution that would reopen the federal government and raise the federal borrowing limit by October 17, the S&P 500 Index dropped to its intraday low below 1,700. However, the index reversed course early in the afternoon on a report that President Barack Obama planned to meet with Congressional leaders from both parties at the White House later in the afternoon.
According to Reuters, yesterday Senate leaders made progress on a U.S. debt deal. Additionally, today they may reach an agreement to bring a halt to the fiscal standoff. The emerging deal would avoid a potential default, end the 15-day-old government shutdown and change the immediate deadlines in favor of three new ones over the next four months.
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Tuesday, October 15, 2013
Stock Market - There Goes That Hope Thing Again........ / Stock-Markets / Stock Markets 2013
The last two trading days, last Thursday and Friday, saw not only hope in Washington but many thought a resolution was going to be at hand by today. Both sides were getting together and talking nicely with each other. A nice change of pace and the very fact of them playing nice played over in to the emotions of the stock market. Folks were feeling good about things and up went the market. Two strong days. Over the weekend, however, bad timings came in once again. Both sides now saying things aren't going along swimmingly any more. As a result, we saw our futures nose diving last night with the Dow down almost 140 points at its lows. Any and all news from Washington was literally running the market up and down, making things very difficult for market players. Price was moving with every word. Tough way to try and play this very difficult game.
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Monday, October 14, 2013
Monday Stock Market Meltdown – Again / Stock-Markets / Stock Markets 2013
Does this seem familiar to you?
This is how we began last Monday's post as the House failed to pass a debt deal and the markets begain to panic after having popped 100 points on Friday in anticipation of a revolution. Those who forget the past yadda, yadda, yadda - I suppose.
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Monday, October 14, 2013
Has the Stock Market Gone Mad? / Stock-Markets / Stock Markets 2013
Michael Lombardi writes: The stock market…a place where rationality has been thrown out the door in favor of trading for immediate profits…profits based on what the government and Federal Reserve are planning to do next. It’s no longer a place for average investors to make money, as the fundamentals that drive key stock indices higher don’t really matter anymore. The notion has become “If it’s good news, buy! And if it’s bad news, then buy even more!”
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Monday, October 14, 2013
Stock Market Trifurcation Continues / Stock-Markets / Stock Markets 2013
Another wild week as the trifurcation of the major indices continues. The market gapped down from SPX 1691 on Monday, continued lower until Wednesday hitting 1646, then reversed like a rocket into Friday’s 1703 close. In the meantime, the government shut down moved into its second week and the debt limit looms large this Thursday.
For the week the SPX/DOW were +0.95%, the NDX/NAZ were -0.35%, and the DJ World gained 0.8%. On the economic front reports were sparse, only four, and negatives outnumbered positives 3 to 1. Consumer credit increased, but consumer sentiment and the WLEI declined, while weekly jobless claims rose. Next week we may/or may not get reports on Housing, the NY/Philly FED, Industrial production and the FED’s Beige book.
Sunday, October 13, 2013
Stock Markets Back in Rally Mode / Stock-Markets / Stock Markets 2013
Courtesy of Doug Short: Despite the political fisticuffs in the US over the government shutdown and debt ceiling, all eight world markets on my watch list closed the week higher, the sixth such occasion in 41 weeks so far in 2013. India’s SENSEX was the standout with its 3.08% advance, followed by two other Asia-Pacific indexes — the Nikkei up 2.71% and the Shanghai Composite up 2.46%. Two of the European indexes, hit new highs; France’s CAC 40 rose 1.34% to an interim high, and Germany’s DAXK hit an all-time high with its 1.18% gain.
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Saturday, October 12, 2013
Stock Market Wash and Rinse on Wall Street / Stock-Markets / Stock Markets 2013
VIX took a dive as Wall Street celebrated the end to the debt ceiling crisis in advance.
Actually, taking a peak at what the little people were doing, the wiseguys saw a great opportunity for a wash and rinse. Plus the private words out of Washington is that the debt ceiling fight will come to nothing, never fear.
Friday, October 11, 2013
Diabolical Stock Market Pattern, Hard Down on Monday! / Stock-Markets / Stock Markets 2013
SPX has just crossed above mid-Cycle resistance at 1692.30 after a struggle. The next resistance is at the lower trendline of the Broadening Wedge (and round number resistance) at 1700.00. I suspect that this will be the final resistance of the rally, if it doesn’t run out of steam (or greater fools) before then.
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Friday, October 11, 2013
U.S. Debt Deal Hopes Trigger the 2nd Best Stock Market Gain of 2013 / Stock-Markets / Stock Markets 2013
Courtesy of Doug Short: Early hints of negotiations over the debt ceiling sent today’s market on a tear. The S&P 500 opened at its intraday low and closed at its intraday high for an impressive gain of 2.18%. This was the biggest rally since its 2.54% surge on January 2nd in celebration of dodging the Fiscal Cliff. Of course, that rally came with an actual resolution. Today’s relief rally was closer to a “buy the rumor” event. Perhaps the market will now pay closer attention to earnings season, which got underway this week.
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Friday, October 11, 2013
Stock Market Rally Stalls / Stock-Markets / Stock Markets 2013
SPX has now stalled at mid-Cycle resistance, halfway between the 50% and 61.8% retracement levels.
This action is reminiscent of the 2011 summer lows. Once the 50-day moving average was re-crossed in late July 2011, it took 13 market days to the August 8 low making nearly a 20% decline.
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Thursday, October 10, 2013
Stock Market Wave C Plunge Comes Next! / Stock-Markets / Stock Markets 2013
Good Morning!
Yesterday I had been working under the assumption that the declining pattern was not yet over. I was wrong. The EW pattern from the top was a rare 3-3-3 (A-B-C) pattern that confounded all the analysts. I had proposed the pattern, but had anticipated a 3-3-5 decline, which never materialized.
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Thursday, October 10, 2013
VIX - Trading Above the U.S. Debt Row / Stock-Markets / Stock Markets 2013
It's time to learn something all serious investors should know: how to trade the volatility index, the VIX.
While most investors are scrambling to figure out whether the market is headed up or down, savvy pros use the VIX both as means of protection and a source of profit.
The VIX not only gives you an idea of how uneasy people are about the markets... it tells you whether or not the markets have reached an extreme level of sentiment - either bullish or bearish.
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