Category: Stock Markets 2015
The analysis published under this category are as follows.Monday, August 03, 2015
Stock Market Report: Three’s a Crowd / Stock-Markets / Stock Markets 2015
SPX
The SPX still appears to be inside the suspected ending diagonal pattern that has been going on from the Oct 2014 lows (aka Bullard lows). The overall look still appears to support the idea of a bearish wedge, or what Elliotticians call an ending diagonal, the back and forth whip is classic behavior for such a pattern, both the bulls and bears get taken to the cleaners as the market is likely ending the trend from the Oct 2011 lows. Once wave 3 or C is completed we should then embark on the largest decline since 2011.
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Monday, August 03, 2015
Stock Market Critical Week Ahead / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend – SPX may have started an intermediate correction
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 the course of longer market trends.
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Monday, August 03, 2015
Stock Market Investors July Were Guests of Game of Thrones "Red Wedding" / Stock-Markets / Stock Markets 2015
MoneyMorning.com Michael E. Lewitt writes: The simultaneous blood baths in commodities and U.S. stocks continued in July but failed to penetrate the skulls of U.S. stock investors who continue to allow themselves to be brainwashed into believing that they can only make money by owning an overbought market.
The S&P 500 (INDEXSP:.INX) recovered all of its June losses, gaining 2.1% in July including 1.2% last week to close the month at 2103.92, not far off its record closing high of 2,134.72. The index is now up 2.2% (excluding dividends) for the year.
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Sunday, August 02, 2015
Stock Market Reluctant Primary Wave IV? / Stock-Markets / Stock Markets 2015
The market started the week at SPX 2080. After a gap down opening on Monday the market hit SPX 2064. It then doubled bottomed and hit SPX 2111 by Wednesday. After a gap down opening Thursday to SPX 2095, the market then rallied to close out the week at 2104. For the week the SPX/DOW were +0.95%, the NDX/NAZ were +0.75%, and the DJ World index was +0.70%. Economic reports for the week were generally negative. On the uptick: durable goods orders, Q2 GDP and the Chicago PMI. On the downtick: consumer confidence/sentiment, pending homes sales, the WLEI, plus weekly jobless claims rose. Next week will be highlighted by monthly Payrolls, ISM and the PCE.
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Sunday, August 02, 2015
Stock Market Some Day..... / Stock-Markets / Stock Markets 2015
We are all trying to wrap our heads around this base. Arguments can be made on both sides. The bulls will tell us that sentiment is unwinding nicely as we hold the range, while the bears will say the longer this goes on without breaking out tells us the bulls have run out of steam. Actually, both are right to some degree but the truth is that we really don't understand fully why the market won't make a definitive move one way or the other. S&P 500 2134 and 2040 are rock solid in terms of resistance and support. There are other factors. Ms. Yellen is clearly dovish and wants this market higher. She's playing up how rates won't be aggressively raised, if at all this year. When she spoke Wednesday at their last meeting she said they are still data dependent, and they made no firm statement about raising rates in September, which is when everyone believes she will do the dirty deed. She seemed to almost go out of her way to let us all know that she may not raise it at that time.
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Friday, July 31, 2015
Stock Market Triumph of the Swill / Stock-Markets / Stock Markets 2015
"Pride goes before a destruction, and arrogance before a fall." Prov 16:18
This was a fairly lackluster day in US equities.
Sentiment is now back to somewhat complacent as the VIX has fallen back to a 12 handle.
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Thursday, July 30, 2015
Stock More Optimism Following Fed's Rate Decision Release - But Will It Last? / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 1,980, S&P 500 index)
Our intraday outlook is bearish, and our short-term outlook is bearish:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): bullish
Wednesday, July 29, 2015
Stock Market VIX Not Show Great Action / Stock-Markets / Stock Markets 2015
I'm not happy with yesterday's VIX action.
The VIX closed at 13.44 which was Neutral+.
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Tuesday, July 28, 2015
Stock Market Long Hot July Continued / Stock-Markets / Stock Markets 2015
The Hybrid Lindsay forecast calling for a high in the Dow near Wednesday (July 15) of that week (A Long Hot July) was successful even if a day early. Although both the S&P 500 and NASDAQ continued their advance until the following Monday, the Dow Industrials index printed its high on July 16. That week’s Commentary also mentioned the forecast for a low during the period July 24-31. Let’s see how that is developing.
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Tuesday, July 28, 2015
Stock Market Bulls Beware! / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - SPX may have started an intermediate correction
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 the course of longer market trends.
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Monday, July 27, 2015
Will Chinese Stock Market Crash Affect the US? / Stock-Markets / Stock Markets 2015
US Equities are sliding following the overnight
Crash of the Chinese stock market. This is the second largest single day crash in Chinese stock market history as over 1500 companies are halted at limit down for the day. European stocks were bid lower, although of their lows for the day.
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Monday, July 27, 2015
Is the Stock Market Tide Turning? / Stock-Markets / Stock Markets 2015
According to our methodology, the primary uptrend on Wall Street is still intact; however, we are starting to observe some troubling signs which suggest that we may be in the final innings of this bull market.
You will recall that for several months now, we have been stating that this remains a very split market with only half of the sectors participating in the ongoing advance. Accordingly, we have been suggesting that our readers only stay aligned with the leading stocks in the strongest areas and sectors. Given the price action of the past few trading sessions, we feel it is now absolutely essential to stay extremely disciplined and promptly eliminate any laggards from one’s investment portfolio.
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Monday, July 27, 2015
Weary Investors Signal an Exhausted Stocks Bull Market / Stock-Markets / Stock Markets 2015
MoneyMorning.com Michael E. Lewitt writes: It was probably not a coincidence that stocks ended their worst week of the year on the same day that Hillary Clinton gave a speech outlining her capital gains tax proposals. Stocks didn't crater just because of the speech, but it sure didn't help.
As I noted in a Money Morning Special Broadcast sent out just after the speech on Friday, the Democratic presidential candidate proposed to double capital gains taxes on most investors. There was no mention in her speech of any desire to extinguish the egregious "carried interest" tax that allows her richest private equity donors to pay lower taxes than their secretaries. But her proposal was neither about showing political courage nor intelligent tax and economic policy.
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Sunday, July 26, 2015
Stock Market Slippery Slope / Stock-Markets / Stock Markets 2015
US equities continued to slide today as the recent makeover rally designed to put some lipstick on some new tech pigs has continued to retreat.
Stock had their worst week of the year. I hope you were able to take something off the table.
New housing sales slumped badly according to this morning's economic data.
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Sunday, July 26, 2015
Stock Market Primary III Inflection Point / Stock-Markets / Stock Markets 2015
The week started off at SPX 2127. After a rally to SPX 2133 on Monday, completing eight straight days of higher highs/lows, the market headed lower for the rest of the week, with four straight days of lower highs/lows. For the week the SPX/DOW were -2.55%, the NDX/NAZ were -2.25%, and the DJ World index was down 2.0%. On the economic front positive reports edged out negative reports in a quiet week. On the uptick: existing home sales, the FHFA, leading indicators and weekly jobless claims improved. On the downtick: new home sales and the WLEI. Next week will be highlighted by the FOMC meeting, the first look at Q2 GDP, and the Chicago PMI.
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Saturday, July 25, 2015
Corporate Earnings No Help.... Stock Market Breadth On The Decline / Stock-Markets / Stock Markets 2015
Last night we saw a strong move higher out of Amazon.com Inc. (AMZN), everyone's favorite, all-time froth stock. They reported earnings. Yes, it can happen. The stock blasted higher, and so did the futures, but that wasn't the only reason the stock futures shot up. There were other solid reports wrapped around one bad report from TripAdvisor Inc. (TRIP). Visa Inc. (V), Starbucks Corporation (SBUX), and others were great, so the combination of good reports had the Nasdaq futures exploding higher by nearly fifty points. Everything was set up to reverse the recent move lower on the indexes off the top. The futures held somewhat overnight, but started to give it up some when biotechnology leader, Biogen Inc. (BIIB), came in with a dud for their report on earnings.
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Thursday, July 23, 2015
Stock Market Fluctuations Following Recent Rally - Flat Correction Or Topping Pattern? / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 1,980, S&P 500 index)
Our intraday outlook is bearish, and our short-term outlook is bearish:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): bullish
Thursday, July 23, 2015
AAPL Disappoints.... Stock Market Holds Well.... / Stock-Markets / Stock Markets 2015
The market was looking forward to the earnings report from Apple Inc. (AAPL), the leader of all leaders. The anticipation was very high due to the news recently released from Google Inc. (GOOG), which was magnificent. Most thought AAPL would follow in their footsteps. The market was close to breaking out ahead of the report, but the big leader gave a small report for investors. A little shy this and not so great that, had the stock down at massive support at 119 last night after hours. It did hold there and start to push up a bit, which allowed for a big sigh of relief from the frothing bulls. A move below 119 on AAPL would open up a vein of selling to 114, and possibly further below. AAPL gapped down hard, roughly eight points, which gave the Nasdaq a major headache.
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Wednesday, July 22, 2015
Stock Market Early Shorting Opportunity / Stock-Markets / Stock Markets 2015
This may be an early entry opportunity for shorts, since we may see SPX retrace all the way to yesterday’s close. This would be considered to be super aggressive, since the battered VIX isn’t registering any signals, yet.
I believe the VIX is being suppressed, in order to prevent investors to properly hedge for the decline. This would also discourage short-sellers, who rely on the VIX for their signal. This portends a very deep decline, since there is virtually no hedging and very little short-selling, which would provide a bottom for this decline as short-sellers take profits.
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Tuesday, July 21, 2015
Stock Market No Fireworks Yet, But We May Have Seen the Top / Stock-Markets / Stock Markets 2015
I was amazed this afternoon to see the top come in 61 days from the high on May 21, very close to 3:30 pm on both days. Due to the July 4 holiday, this turned out to be precisely 43 market days, to the hour, from top to top.
This is no guarantee of a top, but as I mentioned earlier, today was indicated by the Cycles Model as an important Cycle high. In fact, my earlier prognostications suggested that today might be a lower high in SPX, which it was. But I am marking it as a slightly truncated Wave 5 of (5) high, since it is only 190 ticks lower than the previous high.
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