Category: Stock Markets 2015
The analysis published under this category are as follows.Tuesday, October 27, 2015
Stock Market Consolidation....S&P 500 2079 Gap Next Up....Then 2134.... / Stock-Markets / Stock Markets 2015
If ever there was a time for a brief newsletter, today is that day. There is literally nothing to add from Friday's report. Every market pauses from time to time no matter what direction it's moving in directionally. A pause to refresh. That's exactly what we saw today. The market made a strong move, and, thus, got overbought not only on the short-term charts, but on the daily charts as well. Daily charts hang in better at overbought, but those short-term charts do need occasional unwinding. We got a bit of that today, although nothing special as those ravenous-retail bulls are looking to buy all dips for the moment.
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Monday, October 26, 2015
Stock Market’s Technical Strength Grows / Stock-Markets / Stock Markets 2015
The Continued Hollowing Out Of European Industry.
“The power of producing wealth is infinitely more important than wealth itself; it insures not only the possession and the increase of what has been gained, but also the replacement of what has been lost.” Freidrich List "The National System of Political Economy"
I always believed the above quote by Freidrich List and I could never understand the modern politician’s obsession with “free trade”.
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Monday, October 26, 2015
Fed Set to Spook the Markets Once Again! / Stock-Markets / Stock Markets 2015
The charts below show that the recent rally is just fodder for the beast. Prior to the last FED meeting on September 17, I warned of an impending sell-off due to the FED's statements. The S&P 500 fell from a high of 2020 to a low of 1871 in 8 trading days or about 7.3%! The BIG question this time is "how low?" not IF.
I have two downside targets: SPX 1913/15 and SPX 1828/30. Astro-wise, early this week, we have the "George Bayer Rule" of Mercury crossing the same path the sun did during a prior eclipse. The last time we saw this, the SPX fell 236 point in 4 trading days (late August 2015). We also have Mars joining in this time with Mercury.
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Monday, October 26, 2015
US Stocks Snorting Bull Market / Stock-Markets / Stock Markets 2015
I have some free time tonight and the better part of the day tomorrow to post a few charts before I have to catch my flight home on Tuesday. I just want to thank you again for you patience.
Lets take a quick look at the daily INDU chart I posted on Wednesday that now shows the breakout of the rounding top trendline. So far so good.
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Sunday, October 25, 2015
First Tier Resistance Breached Key Level Exceeded / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market?
Intermediate trend - SPX is in the midst of an intermediate correction (at least).
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 24, 2015
Stock Market Primary V Nears New Highs / Stock-Markets / Stock Markets 2015
The market started the week at SPX 2033. After some choppy activity on Monday the market rose to SPX 2039 by Tuesday. Wednesday the market pulled back to SPX 2017. Then after two gap up openings the market hit SPX 2080 on Friday. For the week the SPX/DOW gained 2.3%, the NDX/NAZ gained 3.6%, and the DJ World index gained 1.2%. Economics reports for the week again came in mixed. On the uptick: housing starts, the NAHB, the FHFA and existing home sales. On the downtick: building permits, leading indicators, the WLEI, plus weekly jobless claims rose. Next week’s reports is highlighted by the FOMC meeting, Q3 GDP and the PCE.
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Saturday, October 24, 2015
Stock Market Big Follow Through day.... / Stock-Markets / Stock Markets 2015
The market had a big follow-through day today after yesterday's nice up-day. There are two factors that made this happen. First of all, we had great earnings after hours yesterday from Microsoft Corporation (MSFT), AT&T, Inc. (T), Amazon.com Inc. (AMZN) and Google Inc. (GOOG). The futures exploded on those reports. Then last night we had the Euro-Zone money-man, Mr. Draghi, promise more easy money or another round of QE for everyone. The party hats were taken out.
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Saturday, October 24, 2015
Stock Market SPX Double Top / Stock-Markets / Stock Markets 2015
SPX made a higher high at 2:50 pm at 2079.74,, just two points higher than this morning’s high. The only discernible entry (aggressive) likely today would be a cross of the Cycle Top at 2068.92.
Unfortunately, this means that a very fast and severe decline may be likely once SPX crosses 2040.00, triggering its Orthodox Broadening Top for a potential target near 1600.00. Today appears to be point 7 in the formation and point 8 is the crash low. Should you chance it today or not, is up to you.
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Friday, October 23, 2015
Stock Market SPX 78.6% Retracement / Stock-Markets / Stock Markets 2015
SPX appears to have made a 78.6% retracement of its decline from May 20 to August 24. Here are some points of interest. It will have re-entered its trading band at 2063.98 and closed this morning’s gap up beneath 2050.00. These would be considered aggressive short entries. The lower trendline of the small Diagonal formation is at 2030.00 at present.
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Friday, October 23, 2015
Why Stocks are About to Get DEMOLISHED / Stock-Markets / Stock Markets 2015
Dear Investor,
You hear the abstract terms floating around the financial media -- devaluation, disinflation, low inflation, even negative inflation (whatever the heck that is!). Make no mistake about it; these terms refer to but one monetary force: deflation.
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Thursday, October 22, 2015
It’s Not Time to Sell the German DAX / Stock-Markets / Stock Markets 2015
He who trims himself to suit everyone will soon whittle himself away. - Raymond HullAgain, the talking heads are claiming that there is a pattern that overtly implies that the Dow tends to follow the DAX. When the markets were free or had some elements of freedom in them, one could give some credence to these patterns, but today where fraud and manipulation are the order of the day....... Such patterns have to be taken with a jar of salt. By maintaining an ultra-low interest environment for an unusually lengthy period of time, the Fed has fostered an environment that rewards speculators and destroys savers. Nothing could be more insane, but this is the predicament most people find themselves facing today.
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Thursday, October 22, 2015
SPX is Higher, But May Not Survive the Day / Stock-Markets / Stock Markets 2015
SPX Premarket is higher in a minute-retracement at 8:45, but may not survive until the open. Caterpillar shares tumbled as its revenues plunge 19%. There is a blitz of earnings reports today and it is difficult to say how it may close.
Will bad news finally be bad news?
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Thursday, October 22, 2015
Stock Market Diagonal Trendline is Broken / Stock-Markets / Stock Markets 2015
SPX appears to have not only broken its Ending Diagonal trendline, but also the horizontal supports, as well. Yesterday’s high at 10:45 at 2039.12 appears to be the Primary Cycle high.
We appear to be headed for a high probability low on Oct 30. It may stretch into the following week, but indications are ideal for a low next Friday, with the probability of Congress and the Senate agreeing to kick the can that weekend.
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Thursday, October 22, 2015
4900 Nasdaq...2030 to 2050 S&P 500...Battle Zones For Both Sides / Stock-Markets / Stock Markets 2015
The battle zone levels have been established. The Nasdaq at 4900 or the midpoint of the double top and 2030 to 2050 on the S&P 500 or the two-hundred day, exponential moving average and downtrend line. Getting over the last moving average is key for without it we cannot test that key, downtrend line. So for the short-term we focus on 2030 on the S&P 500. When markets get close to major breakout or breakdown levels, you see it get a bit more volatile as each side is trying harder to get what they want or need.
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Tuesday, October 20, 2015
Stock Market Déjà vu 2011- Is the Dow Getting Ready to Soar? / Stock-Markets / Stock Markets 2015
The paranoiac is the exact image of the ruler. The only difference is their position in the world. One might even think the paranoiac the more impressive of the two because he is sufficient unto himself and cannot be shaken by failure. -
Elias Canetti
Feels like 2011 all over again. The Dow is tracing a pattern that bears an uncanny resemblance to the one set in 2011. History could be repeated again; the Dow could be ready to rumble instead of being taken down for the count. When the markets were plummeting in 2011, many experts were making the same dire predictions, while others were wondering if the bull had bashed its head into a brick wall. Turns out that the so-called crash was nothing but a hiccup in what turned out to be one of the most massive bull run’s of all time. Faced with the same paradigm again, the talking heads (many who actually have the impudence to call themselves experts) are marching to the same drumbeat and chanting the same hymn of doom.
Tuesday, October 20, 2015
More Bad News From China.... Stock Market Yawns.... / Stock-Markets / Stock Markets 2015
China reported their growth numbers yesterday and they were very poor. They were lower than expected, and showed the slowest growth in six years. Not good news again on the economic front, especially since China is such an important importer and exporter of goods. This news gave our market the excuse to sell today, since we are overbought not only on the sixty-minute chart, but on the daily charts as well when we look at stochastic's.
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Monday, October 19, 2015
Stocks Open Down / Stock-Markets / Stock Markets 2015
Good Morning!
SPX is down -8.00 as I write and appears to be sinking in the Premarket. For those not yet short, a decline beneath Short-term support/resistance at 2004.59 may be appropriate to start layering in positions. Beneath the 50-day Moving Average is a sell confirmed signal, but subject to probable throw-backs.
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Monday, October 19, 2015
Stock Market Big Drop Still Looms, GDX Pulling Back / Stock-Markets / Stock Markets 2015
Last time I wrote, I was expecting a large drop in the stock market. Early on, in my blog, I stated that I believed I was wrong and that the BIG drop would not occur until late October/early November. I stated that the 7 week low could occur as early as October 13/14. I also stated that there was a TLC low due in that time frame. Also, there was the fact that Jupiter was making a trine aspect to Pluto by October 15 and that was potentially bullish, at least in the short term. Also, I was concerned that GLD and GDX were not confirming the recent move up.
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Sunday, October 18, 2015
Stock Market Approaching The “Extreme” Projection (Negative Divergences) / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market?
Intermediate trend – SPX is in the midst of an intermediate correction (at least).
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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Sunday, October 18, 2015
Stock Market Lots of Downside Ahead, Major Tops and Bottoms Analysis Since 1950 / Stock-Markets / Stock Markets 2015