Category: Stock Markets 2014
The analysis published under this category are as follows.Thursday, March 20, 2014
Stock Market Broadening Wedge Trendline May Break Today / Stock-Markets / Stock Markets 2014
SPX has declined in the Pre-market to near 1856.00. That was expected as a high probability, since it had closed beneath mid-Cycle support/resistance at 1861.54. A break of the lower trendline of the Broadening Wedge at 1850.00 gives us the confirmed sell signal of that formation.
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Thursday, March 20, 2014
Stocks Extend Short-Term Consolidation Following FOMC Statement Release / Stock-Markets / Stock Markets 2014
Our intraday outlook is 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, March 20, 2014
Another Stock Market FOMC Mini-Drama / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short: Today’s market provided a familiar drama for FOMC Wednesdays. The S&P 500 traded in a narrow range from the opening bell to the 2 PM release of the latest FOMC statement. The index immediately dropped about ten points with the not-surprising statement of another $10B cut to the asset purchase program. But the more dramatic plunge came during Chair Yellen’s press conference, when she quantified the “considerable time” after the end of QE to the start of Fed Fund rate hikes as “around six months.” The index promptly fell to its -1.17% intraday low at 3:10 PM. Subsequent buying essentially halved the loss to 0.61% at the close.
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Thursday, March 20, 2014
Fed Says Goodbye To QE....If...... / Stock-Markets / Stock Markets 2014
Data dependent. If the economy continues to recover, Ms. Yellen says that she'll continue the tapering until it's at zero. She said that likely in the fall the QE program will be over completely. No more liquidity. No more free lunch. October is the hoped for end to all that free cash. The market's reaction was a big yawn at a time when it had every right to crash lower based on daily and weekly MACD's. Why is it having trouble falling?
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Thursday, March 20, 2014
The Stock Market and Pessimistic Press Headlines / Stock-Markets / Stock Markets 2014
Do you remember the following headline from the fall of 2011?
"In the Absence of a Credible Plan We Will Have A Global Financial Meltdown in Two or Three Weeks" [states] Dr. Robert Shapiro, Advisor to the IMF, Zero Hedge, October 6, 2011
How about these headlines, from June 2012?
[Spanish] Bankia Customers Pull Out Over 1 Billion Euros, Reuters, May 17 '12
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Wednesday, March 19, 2014
The Best Play for a Scary Stock Market / Stock-Markets / Stock Markets 2014
Michael A. Robinson writes: U.S. blue chips suffered their biggest drop in five weeks recently because the latest round of economic reports are fostering a lot of uncertainty about the prospects for continued global growth.
For most investors, it's been that kind of year.
But I continue to believe that the tech sector - especially here in the U.S. - still has a lot of fuel left in its tank.
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Wednesday, March 19, 2014
Another S&P 500 Gain Puts a Record Stock Market High in Easy Range / Stock-Markets / Stock Markets 2014
Courtesy of Doug Short: Before the US markets opened, Japan’s Nikkei had snapped a wicked four-day selloff with a 0.94% advance, and the European indexes were in the green. The EURO STOXX 50 would later close with a 0.81% gain. The S&P 500 rallied during the opening hour and traded the rest of the day in a fairly narrow range to its 0.72% final tally. The index is now less than six points from its record high set seven sessions ago.
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Wednesday, March 19, 2014
Stock Market SPX Nearing a Sell Signal / Stock-Markets / Stock Markets 2014
SPX completed a 77.7% retracement of its initial decline in exactly 12.9 hours today. The A-B-C appears to be complete. Today’s experience is a “déjà vu all over again” of Putin’s first press conference. We know how that ended.
The Hi-Lo ended the day at 225, 20 points above its mid-Cycle resistance at 205.00. That lifts the sell signal with this indicator, but we expected that. Give it another day, since things can change that quickly.
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Tuesday, March 18, 2014
The DJIA Stock Market Index Is A Hoax / Stock-Markets / Stock Markets 2014
The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution is in. Changes in the DJIA shares basket, changes in the formula and stock splits during the take-off phase and acceleration phase of industrial revolutions are perfect transition-indicators. The similarities of these indicators during the last two revolutions are fascinating, but also a reason for concern. In fact the graph of the DJIA is a classic example of fictional truth, a hoax.
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Tuesday, March 18, 2014
Stock Market Fools Bears Again.... / Stock-Markets / Stock Markets 2014
Just when everything was set up for a big fall lower after last week's action, the market fools them again with a big gap up today that held for the most part. I can't blame them for thinking the market would fall hard today, especially with all the turmoil going on the Ukraine. Personally, I thought the odds were against the market today. But that goes to show you that until you get the necessary technical breakdown below key support, you don't venture to the dark side too soon. It can cause unnecessary pain. We're not even close to that breakdown level, or the key 50-day exponential moving average on the S&P 500, currently at 1832. We got close after Friday's close, but the bears could not find the necessary follow through today with a big gap down, which would have put 1850 resistance in the rear view mirror.
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Monday, March 17, 2014
SPX in a Position to Decline Further / Stock-Markets / Stock Markets 2014
SPX futures tumbled 10 points at the open on Sunday, but were rescued by the JPY carry. There seems to be some confusion on how the Pre-market reads this morning. It shows the SPX up 10 points, but that appears to be from the Sunday open. The actual value is only 1843.00…maybe on the assumption that no one would read the news over the weekend.
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Monday, March 17, 2014
Stock Market Uncertainty Following Recent Decline / Stock-Markets / Stock Markets 2014
Our intraday outlook is now 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
Monday, March 17, 2014
S&P500: Weekly Reversal Candle Is Pointing For A Deeper Retracement / Stock-Markets / Stock Markets 2014
The markets were in risk-off mode during the Asian trading hours as respond to Crimea's votes results. If situation would get worse then be aware of even lower levels on S&P while Crude oil and Natural gas could find a support.
On the Weekly chart of the S&P500 we have seen a bearish close at the end of the last week that erased all of the gains from a week earlier. This can also be an important evidence for a bearish case in the following days.
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Saturday, March 15, 2014
Stock Market S&P Losing 1850.....Barely.... / Stock-Markets / Stock Markets 2014
All of the key indexes in the stock market are heading lower now. A bad week for sure, with the S&P 500 now joining the Dow in the red for the year by nearly half a percent. The Dow down nearly 4%. The Nasdaq is now barely green for the year. Lots of whipsaw thus far in 2014, but it appears the bears are now slowly but gradually taking hold of things. They are still mostly gutless, and are still missing the one necessary ingredient that would turn things clearly their way, and that's to establish a massive gap down that runs lower all day closing at or near the lows.
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Friday, March 14, 2014
Can U.S. Stock Market Avoid A Serious Correction Again? / Stock-Markets / Stock Markets 2014
The Dow is down about 2% for the week, so minor that it’s hardly a blip on the charts. However, given the similar declines in global markets, the continuing dismal economic news out of China, and concerns about the Ukraine/Russia situation, the decline has gotten some attention.
Wall Street and the bulls say the pullback means nothing. At this point anyway, they are correct. The bears, who had moved into the shadows as the market recovered to new highs in February, have come back out of the shadows to reiterate their warnings about 2014. So far, they need more confirmation that trouble for the market expected later in 2014 has begun early.
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Friday, March 14, 2014
Stocks Strong Sell Off Following Negative News / Stock-Markets / Stock Markets 2014
Our intraday outlook remains bearish, and our short-term outlook is neutral:
Intraday (next 24 hours) outlook: bearish
Short-term (next 1-2 weeks) outlook: neutral
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish
Friday, March 14, 2014
Stock Market Jitterbugs / Stock-Markets / Stock Markets 2014
Geopolitical considerations overwhelmed those peachy US economic results this morning.
China is only projected to turn in about 7.4% growth this year, and of course Russia's actions in the Ukraine, particularly in the Crimea, has everyone all twitchy.
Thursday, March 13, 2014
Biggest Bubble Ever Marks 5th Year of Stock Market Rally / Stock-Markets / Stock Markets 2014
Dallas Fed president: Asset-price bubble "may result in tears" for investors
Editor's note: You will find a text version of this story below the video.
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Thursday, March 13, 2014
Stocks Bears Try....Bears Fail....For Now... / Stock-Markets / Stock Markets 2014
That's what you have to say for now, simply because there is still hope for them based on sentiment, which I'll talk about later. The bears created a solid reversal down yesterday. The key would be whether they could follow up the reversal lower with a large gap down today that runs lower in to the close. They accomplished step one with a strong, nearly ten handle S&P 500 gap down. They almost succeeded with step two as once we gapped lower we ran hard to the down side. Step three, however, the most important step, they could not pull off. They needed a large gap that closed at or near the lows. That just did not take place.
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Wednesday, March 12, 2014
Three Stocks for Celebrating the Bull Market’s Fifth Anniversary / Stock-Markets / Stock Markets 2014
John Paul Whitefoot writes: Normally, an anniversary is worth celebrating. But with the S&P 500 having recently celebrated the fifth anniversary of its bull market run, there are many economic reasons to question its longevity. Considering the economic data of the last five years, it may make more sense to question how the bull market ever got to this point.
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