Category: Stock Markets 2015
The analysis published under this category are as follows.Saturday, November 07, 2015
Stock Market Clear Separation From the Pennant / Stock-Markets / Stock Markets 2015
We can see that there is separation from the Pennant formation even on the daily chart. There also appears to be a single impulse (5 waves) from the top with a partial retracement from today’s low at 2083.74.
There’s no telling what may happen over the weekend or whether the retracement may go higher. TNX has not yet reversed and the VIX and Hi-Lo Indexes have not given any indication of an imminent decline. Given all that, the situation may turn on a dime, so make your own call on what the SPX has to offer.
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Friday, November 06, 2015
Stocks Bull Market Printing Press / Stock-Markets / Stock Markets 2015
Amazing what can be created with a printing press. They will need to turn the presses back on if they want it to continue higher. I do think they want it higher, and I do think they have turned the presses back on.
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Friday, November 06, 2015
Stock Market 6-7% Pull Back Likely, Gold Still Going Down / Stock-Markets / Stock Markets 2015
The stock market's recent advance has been nothing less than spectacular. Caveat emptor: the rally was mainly in the large cap stocks. The FED's determination to raise interest rates in December is predicated on the upcoming economic data. One of the most important releases comes out on November 6th, the jobs report.
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Friday, November 06, 2015
Stock Market Dow Set to Defy Naysayers and Trend Higher / Stock-Markets / Stock Markets 2015
Being ignorant is not so much a shame as being unwilling to learn. - Benjamin Franklin
Fear sells, and like misery it demands company. The so-called crash in August triggered dozens of hibernating bears to emerge from the woodwork. Rested from the last severe beating they took, they are ready for another healthy dose of pain. In their quest to push the fear factor a notch higher, celebrity perma-bears such as David Tice are brought out confirm that all is not well. If the markets were destined to sink into the gutter, David Tice would not have sold his Prudent Bear fund at the peak of the 2008-2009 financial crisis.
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Thursday, November 05, 2015
The Stocks Bear Indicator Never Lies / Stock-Markets / Stock Markets 2015
In the September 10 column entitled, "The bear makes a welcome return", we discussed the return of the infamous bear image on the front cover of several news magazines and newspapers. The most conspicuous example of the bear could be seen on the front cover of Businessweek magazine, shown below.
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Thursday, November 05, 2015
Stock Market Overbought Daily Charts...Monthly's Awful...Short Term Still Ok.... / Stock-Markets / Stock Markets 2015
There's a nasty combination out there that says things won't be all that easy for a while, but still nothing in the moment that says the bad-news bear is about to get rocking. I still think that's a bit out there, although not too far out there. The daily index charts hit 70 RSI for a few days. Fortunately, they didn't get too overbought, thus, some selling makes sense at some point soon.
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Thursday, November 05, 2015
Stocks Bull Market Trending Towards New All Time High Before End 2015 - Video / Stock-Markets / Stock Markets 2015
Barely a couple of months ago the overwhelming consensus view that FOLLOWED the August plunge were expectations that the 6 years stocks bull market was finally over, killed off by the China crash, and prospects for Fed tightening. Nevertheless the 'End Times' Apocalypse was Now, and such bearishness was not just being voiced by the usual suspects i.e. the crash is always coming Perma crowd, but even included those who may have been mostly bullish from time to time with statements such as there was now a 99.7% probability that stocks were in a bear market.
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Wednesday, November 04, 2015
Stocks Bear Market Resolving Towards New All Time High Before End of 2015 / Stock-Markets / Stock Markets 2015
Back track barely a month ago and the overwhelming consensus view FOLLOWING the August plunge into September was firmly become fixated on the expectations that after 6 years of a raging stocks bull market (that most had missed hence why I coined the phrase from the start of a stocks STEALTH bull market). Nevertheless the 'End Time' was apparently (again) NOW as apocalyptic doom and gloom once more prevailed following, and this not just voiced by the usual suspects i.e. the crash is always coming perma bear crowd, but even included those who may have been mostly bullish with statements such as there was now a 99.7% probability that stocks were in a bear market.
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Tuesday, November 03, 2015
Stock Market Three Peaks and a Domed House / Stock-Markets / Stock Markets 2015
Point 27
A six-month cycle pointed to an important low in Sept/Oct this year. A low then matches seasonal expectations for equities. If that low was point 26 on Lindsay’s template, then the rally into point 27 will be short as the right shoulder after the cupola (point 27) usually occurs at about five months or less after the cupola (point 23). From 1901 through 2011 there have been only three instances of a longer time frame between points 23 and 27.
Tuesday, November 03, 2015
The Stock Market Big Picture / Stock-Markets / Stock Markets 2015
Good Morning!
The SPX Premarket is down, but around 8:30 a rally has been launched to attempt to take SPX higher. How far the central banks and primary dealer banks can push it is yet to be determined. I recalculated the targets for the three formations and was surprised at how closely they all agree.
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Tuesday, November 03, 2015
Stock Market Pushing Up...How High Can We Go?...ISM Nearing Recession... / Stock-Markets / Stock Markets 2015
The market futures were quite a bit lower last night ahead of today's very important ISM Manufacturing Report due out thirty minutes into the trading day. As the night wore on, the European markets started to bid, and, thus, our futures bid up as well. We were green by the time the day started, and as the day wore on the market rose further and further leaving the bears scratching their heads in wonder.
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Monday, November 02, 2015
Dow Death Cross is Not a Bearish Signal for the Stock Market / Stock-Markets / Stock Markets 2015
People who cannot recognize a palpable absurdity are very much in the way of civilization.- Agnes RepplierOne of the common themes we have spotted it that many of the readily available tools don’t provide their users with any meaningful edge. If the indicator is easy to use and easy to master, that means a plethora of individuals will be relying on it to give them some edge over the masses. What they fail to understand is that they are the part of the mass, they are trying to outwit. A lot of chatter has sprung about lately regarding the death cross. First it was the Dow, and now there is talk about the U.S dollar. This indicator like the “Hindenburg Omen” is far from perfect and could lead to more harm than good if utilized consistently, other than the cool names they carry, they offer little in terms of value: they are both easy to master and understand and this, in essence, renders them useless.
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Monday, November 02, 2015
US Stocks Rebound May Be Hollow / Stock-Markets / Stock Markets 2015
Good Morning!
SPX closed just beneath its Diagonal trendline. Over the weekend, SPX futures were down as many as 10 points before recovering to breakeven this morning. The Premarket is mildly positive (+1.00), but does not appear to have thrown back into the Diagonal at this time. Odds seem to be in favor of a further decline this morning. If so, there is a probability of testing Short-term support at 2039.18. However, should a further bounce occur, SPX overhead resistance appears to be between 2086.20 and 2089.00.
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Sunday, November 01, 2015
Stock Market Minor Correction Imminent / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - SPX has resumed its uptrend in order to complete the last phase of the bull market.
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses longer market trends.
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Saturday, October 31, 2015
Stock Market Nearing New Highs / Stock-Markets / Stock Markets 2015
The market started the week at SPX 2075. After drifting lower on Monday the market declined, aided by a gap down opening, to SPX 2059 on Tuesday. Then the market rallied to SPX 2085 on Wednesday ahead of the FOMC statement. After the statement the market declined to SPX 2063, then rallied to a new uptrend high at SPX 2090 by the close. On Thursday and Friday the rally continued as the SPX hit 2094. Then a late afternoon pullback ended the week at SPX 2079. For the week the SPX/DOW gained 0.15%, the NDX/NAZ gained 0.45%, and the DJ World index lost 0.2%. On the economic front reports continue to be lackluster. On the uptick: Case-Shiller, personal income/spending, the PCE, the Chicago PMI, and GDPn. On the downtick: new/pending home sales, durable goods, consumer confidence/sentiment, Q3 GDP, the WLEI, plus weekly jobless claims rose. Next week’s reports will be highlighted by the monthly Payrolls report, the ISM’s and Auto sales.
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Saturday, October 31, 2015
Stock Market Overbought...Action Positive....Pessimism Unwinding / Stock-Markets / Stock Markets 2015
The market has hung in there very well. It has been at or near overbought for quite some time. Thankfully, it's not severely overbought, but it is overbought nonetheless. It's staying overbought as the market awaits the big report out on Tuesday morning. The ISM Manufacturing Report. The market is in a hopeful mood it seems. It's hanging on to hope that the number is over 50.0, or the number that separates recession from growth. If the number comes in below 50 then look out below. If it's above 50 the market should hang in well, instead of pulling back from 70 RSI readings. The bulls are also decently happy over some of the earnings reports that have come out lately. Some nice, upward surprises have taken place in various areas of the market, allowing for some buying across the board, although there are some real lagging sectors to be sure.
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Saturday, October 31, 2015
SPX Stock Market Breakdown? / Stock-Markets / Stock Markets 2015
SPX is at the breakdown point again. It appears that the breakdown may appear at 2080 and it has bounced twice at 2082.00. This raises the probability of a trendline break before the close.
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Friday, October 30, 2015
Stock Market Pivot Day / Stock-Markets / Stock Markets 2015
The SPX Premarket is up 2 points as I write. It is no surprise to read that bullish fund flows are back. ZeroHedge writes, “The bullish fund flows are back. This is how Bank of America summarizes the latest EPFR capital flow sentiment: "Loving Wall Street: $15bn equity inflows + $5bn HY/IG inflows + 6 straight weeks of commodity inflows = investors are "risk-on."
Bank of America may be “talking” its book.” The information may be correct, but the conclusion may be flawed.
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Wednesday, October 28, 2015
Stock Market Flat Until the Fed Announcement? / Stock-Markets / Stock Markets 2015
Good Morning!
The SPX Premarket is marginally higher this morning. It doesn’t Appear that much is going to happen until the 2 pm Fed Announcement. A year ago the market would have been tracking higher going into the Fed Announcement.
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Tuesday, October 27, 2015
Stocks Inflation Bull Run / Stock-Markets / Stock Markets 2015
Equity markets continue to defy our call for no end-of-year rally as equity investors rush to invest idle cash and not miss out on the positive feedback loop of higher prices. SPX has broken the mid-Sept high at 2,020 leaving behind a series of higher highs and higher lows; the definition of an uptrend. Price is the ultimate arbiter but we cannot ignore other signals if we want to be successful in forecasting price.
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