Category: Stock Markets 2014
The analysis published under this category are as follows.Tuesday, July 22, 2014
Stock Market Bears Turn / Stock-Markets / Stock Markets 2014
So maybe that means we gap up tomorrow, or maybe someone will finally the initiative and run this thing one way or the other. It is absolutely ridiculous how this market is gapping up, literally, every day. Yet the market goes nowhere as the trend is your turn, and then my turn. Each side is having their single day of action, and then forfeiting it over to the other side the very next day. Unusual to say the least. This type of behavior is often seen at major tops, but you can't be sure if that's what's happening here.
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Monday, July 21, 2014
Stock Market One More Pull Back / Stock-Markets / Stock Markets 2014
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, there will be another steep decline into late 2014. However, the Fed policy of keeping interest rates low has severely curtailed the full downward pressure potential of the 40-yr and 120-yr cycles.
Intermediate trend - One final high needed to produce the start of an intermediate correction.
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Sunday, July 20, 2014
Stock Market in DANGER of Strangling the Bears to Death / Stock-Markets / Stock Markets 2014
The 5+ year stocks bull market continues to tighten its noose around the bears throats, though despite reddening faces and bulging eyes this has not halted the increasingly exasperated calls for the stocks bull markets always imminent end to definitely end this time.
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Saturday, July 19, 2014
Nothing Can Stop this Stock Market, Until it Does / Stock-Markets / Stock Markets 2014
"Government is, or ought to be instituted for the common benefit, protection, and security of the people, nation, or community; of all the various modes and forms of government, that is best which is capable of producing the greatest degree of happiness and safety, and is most effectually secured against the danger of maladministration." George Mason
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Saturday, July 19, 2014
Choppy Stock Market in Recent Weeks / Stock-Markets / Stock Markets 2014
Last week we had four gap openings, three to the downside, and the market traded to SPX 1953 on Thursday before ending the week at 1968. This week we had four gap openings again, three to the upside, and the market traded to SPX 1956 on Thursday before ending the week at 1978. Meanwhile during all this volatility the SPX has yet to hit the bull market high at 1986 achieved the week before all this began. For the week the SPX/DOW were +0.70%, the NDX/NAZ were +0.65%, and the DJ World index was +0.45%. On the economic front positive reports outpaced negative reports nine to six. On the uptick: the NY/Philly FED, retail sales, business inventories, the PPI, industrial production, the NAHB, leading indicators and weekly jobless claims improved. On the downtick: export/import prices, housing starts, building permits, consumer sentiment and the WLEI. Next week we get reports on home sales, durable goods and the CPI.
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Saturday, July 19, 2014
Is The Stocks Bull Market Over? / Stock-Markets / Stock Markets 2014
Well, what a hammering the markets took on Thursday! There’s always a reason for this move or that and the Malaysian Airlines crash near the border of Ukraine and Russia and its potential consequences was the main driver in this case. However, we are right smack bang in the time zone for a top so it’s no surprise to see the markets start to head down. But the question remains, is the 5 year bull market in stocks now done? Well, it is way too early to confirm that. Perhaps a better question would be, is the current cycle top in?
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Friday, July 18, 2014
Will Stock Market Investors Get Out In Time This Time? / Stock-Markets / Stock Markets 2014
It is normal and understandable that investor confidence grows as paper profits in a long rally or bull market pile up. It’s therefore normal and inevitable that investor sentiment will be at its most bullish for that cycle by the time a rally or bull market tops out.
However, it is also true that as the old Wall Street legend goes, ‘They don’t ring a bell at the top’. So how can investors who want to avoid the next meltdown, and have told themselves that this time they will, know when it’s time to act?
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Friday, July 18, 2014
Stock Market - Is It 1999 All Over Again? / Stock-Markets / Stock Markets 2014
The ebullient mood on Wall Street today was stimulated by a rash of merger and acquisition announcements.
Consider the following: In the energy sector, Kodiak Oil & Gas (KOG) agreed to be acquired by Whiting Petroleum (WLL), resulting in a sizable jump for both stocks. Among industrials, URS Corp. (URS) agreed to be acquired by Aecom (ACM), leading to 10-12% leaps for both stocks. Among health care companies, Shire Pharmaceuticals (SPHG) was reported to have accepted a $53 billion takeover bid AbbVie (ABBV); also, Mylan (MYL) announced a $5.3 billion deal to purchase a segment of Abbot (ABT).
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Friday, July 18, 2014
Stock Market SPX Highs A Fed Illusion / Stock-Markets / Stock Markets 2014
The surreal US stock markets have continued melting up in recent months, spurred ever higher by the Federal Reserve’s money printing and jawboning. The resulting record highs in the headline indexes have been widely trumpeted by Wall Street as evidence of a strong secular bull underway, with years still left to run higher. But these records are misleading, mere illusions conjured by the Fed’s relentless inflation.
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Friday, July 18, 2014
Geopolitical Event Tanks the Stock Market / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short. The apparent missile attack that brought down a Malaysian Airlines passenger jet with 295 passengers and crew also tanked today’s markets. The Eurozone’s Stoxx 50 fell 1.41%. The US markets also closed in the deep red with the S&P 500 down 1.18%, fractionally off its 1.31% intraday low about 15 minutes before the final bell. A CNBC afternoon news item puts takes a glass-half-full perspective with in a piece entitled “Market reaction to Malaysia jet crash could be short-lived“.
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Thursday, July 17, 2014
Beware of Flashy Stock Repurchases When The Market Is on The Rise / Stock-Markets / Stock Markets 2014
By Andrey Dashkov
Retail giant Bed Bath & Beyond just announced plans to buy back another $2 billion in shares, which the company will start doing after it completes its current share repurchase program. You’ve seen it before: Press releases emphasize that buybacks return value to shareholders, analysts sometimes rely on repurchases to spot a stock to write up next, and management likes to tout their focus on shareholder returns. But what’s the real story? Why would a company buy its own shares?
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Thursday, July 17, 2014
Stock Market Rally Gets Manic/Depressive / Stock-Markets / Stock Markets 2014
You never know what you are going to wake up to in this market.
This morning, the market is depressed, giving up all of yesterday's gains in the Futures. So much so that we took a long poke on the Russell (/TF) Futures that we had been shorting from 1,160 – at the 1,135 line. That's down 3% since we began shorting them at 1,170 on Monday.
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Thursday, July 17, 2014
Stock Market Top Or Just A Consolidation? / Stock-Markets / Stock Markets 2014
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook remains neutral, and our short-term outlook is neutral:
Intraday (next 24 hours) outlook: neutral
Short-term (next 1-2 weeks) outlook: neutral
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish
Thursday, July 17, 2014
S&P Stock Market Index Just Shy of a Record Close on Increased Volume / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short. This morning we learned that the June headline Producer Price Index was hotter than expected, potentially fueling inflationary concerns, and Industrial Production came in a bit light. The market paid little attention to the economic news. It was presumably more interested in earnings reports and big deals, e.g., Rupert Murdoch’s rebuffed bid for Time Warner. Yikes! That’s my Internet provider! The Dow ended the day with its 15 record close of 2014. The S&P 500 finished with a 0.42% gain that left it just 0.19% shy of its record close on July 3rd.
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Thursday, July 17, 2014
Stock Market Gap and Stop.... / Stock-Markets / Stock Markets 2014
The market tried to get through that 4443 gap on the Nasdaq once again today. It failed. It had a good shot thanks to the earnings from Intel Corporation (INTC) last night. That stock exploded today. Normally when that happens to this degree, and it has been a long time since it has, the Nasdaq explodes up 40-50 points at the open and ends up with an up day of roughly 80-100 points. Not to be today. The market could never get through that nasty gap down at 4443 on the Nasdaq. It got through right after the open but never got going after that. It just died out. This is a change of trend from what we see when markets are ready to keep going higher. The problem, of course remains, sentiment but more on that later.
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Wednesday, July 16, 2014
Stock Market New Head & Shoulders Formation / Stock-Markets / Stock Markets 2014
SPX came back to retest its sub-Minute Wave (ii) trendline a second time. This gave it a 63% retracement of its decline from the 1982.52 top. It would be good to be observant of the action in the final hour. Whether the selling picks up in the final hour or not, there should be some fireworks going off, especially when SPX crosses its Head & Shoulders neckline.
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Tuesday, July 15, 2014
Stock Market Aggressive Sell Signal / Stock-Markets / Stock Markets 2014
Good Afternoon!
After a very deep retracement, SPX broke through its trendline and appears to be headed for its Broadening Wedge trendline at 1956.00, at the very least. The probability is that it may be more likely to target Intermediate-term support at 1948.16 or the hourly Cycle Bottom support at 1943.55.
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Tuesday, July 15, 2014
VIX - Stock Markets Set To Get Volatile! / Stock-Markets / Stock Markets 2014
With the stock market edging up with nary a decent pullback in yonks, I thought it timely to investigate the Volatility Index (VIX). Let’s commence proceedings by looking at the daily chart.
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Tuesday, July 15, 2014
Final Days of the Stock Market Bubble / Stock-Markets / Stock Markets 2014
David A. Stockman writes: The central banks of the world are massively and insouciantly pursuing financial instability. That’s the inherent result of the 68 straight months of zero money market rates that have been forced into the global financial system by the Fed and its confederates at the BOJ, ECB and BOE. ZIRP fuels endless carry trades and the harvesting of every manner of profit spread between negligible “funding” costs and positive yields and returns on a wide spectrum of risk assets.
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Tuesday, July 15, 2014
Stock Market Morning Rally to a Tiny Trading Range / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short. Some earnings optimism triggered a modest market surge at the open, with Citigroup’s beat grabbing the headlines (C would go on to close with a 3% gain for the day). The S&P 500 rose half a percent at the opening bell and then spent the rest of the day in a tiny trading range, closing with a 0.48% advance.
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