Category: Stock Markets 2015
The analysis published under this category are as follows.Thursday, June 11, 2015
Stock Market Major Market Stress Remains / Stock-Markets / Stock Markets 2015
As we commented yesterday, the market pressure is intense.
Below, is the current updated P&F Chart of the Institutional "core holdings".
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Thursday, June 11, 2015
Stock Market Oversold Bounce...Big Picture Still Nowhere... / Stock-Markets / Stock Markets 2015
Yes, today was great for the market. A nice healthy move higher after we double tapped at oversold on the short-term, sixty-minute index charts. A rally was due, and we certainly got one today, but you have to ask yourself if the bounce is truly relevant or not. It may be over time, but, for now, all it did was put us back a little over the middle of the range that we've traded in most recently, which has been 2070 and 2134, although big-picture the level is 2040 to 2134. So we're mostly in the middle now of the most recent range. We saved ourselves from dropping down and testing the dreaded 2040 level, which the bulls want no part of having to deal with. A loss of 2040 would be bearish, so now they can relax a bit, but still there is nothing to celebrate other than the save.
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Wednesday, June 10, 2015
Stock Market Shakeout Day / Stock-Markets / Stock Markets 2015
I was partially right this morning. It appears that short sellers did come in under the 50-day Moving Average. This type of retracement is an attempt to hunt out all the stops to find liquidity to keep the rally going. It appears to be over, or nearly so.
In the meantime, the old Head & Shoulders neckline was invalidated. A new one took its place, however, with a lower Minimum Target. Should the next decline follow through to its target, the longer three-year trendline at 2020.00 may be taken out. Head & Shoulder necklines do not tolerate throw-backs, although the Megaphone formations do.
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Tuesday, June 09, 2015
Stock Market Three Peaks and a Domed House Revisited / Stock-Markets / Stock Markets 2015
Taking a fresh look at the Three Peaks/Domed House chart recently I had a “funny” thought. In the current pattern, the May 19 high reached 127.2% of the Jan decline (the final high of this pattern has always been a Fibonacci relationship to the extent of the decline during the First Floor Roof). There’s no reason the Dow can’t rally to a higher Fib ratio but the May high is an almost perfect 107 day interval from the Feb low. What if the top of the bull market is already behind us?!!! Lindsay’s template calls for a final head-and-shoulders topping pattern and a potential pattern can be seen on the daily chart below.
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Tuesday, June 09, 2015
Stock Market Panic Before Everyone Else Does / Stock-Markets / Stock Markets 2015
For the lazy people who don’t like to slog through Hussman’s entire data laden weekly tome, I’ve picked out the most pertinent sections. For the really lazy, I’ve bolded the most important sentences. When everyone on Wall Street is using the same algorithms in their HFT supercomputers, and John Q. Public isn’t even in the market, who will these supercomputers sell to when they all get the sell signal at the same time? When that time comes, and it won’t be long, I’ll be munching popcorn and watching the festivities unfold. The talking heads, government apparatchiks, and Ivy League educated big swinging dicks on Wall Street will declare a national emergency and demand another bailout. Will we be stupid enough to fall for it again, or will we start hanging bankers?
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Tuesday, June 09, 2015
Stock Market Acting Tired...Still Nothing Bearish... / Stock-Markets / Stock Markets 2015
The market had hung around the top of the range over 2110 for quite some time. Breakout number one was a move over 2119, and after some time 2134 became there new level. We have a double, consecutive-day top at that level and after several tries that failed decently below, the market gave it up some. Nothing terrible, but we're now headed south for the most part as the market unwinds further its oscillators, which were not overbought, so they're getting down to some nice levels, if you're a bull. The lower the better.
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Monday, June 08, 2015
TNX Declining. Another Confirmation of the SPX Sell Signal / Stock-Markets / Stock Markets 2015
Good Morning!
The SPX Premarket is down enough to suggest that the descending trendline of the Orthodox Broadening Top is being triggered this morning.
Remember, both the VIX and Hi-Lo gave us a confirmed sell signal last Friday. This signal suggests the SPX may decline beneath 1600, as suggested by the Megaphone formation, by the end of the month. However, the ride will be bumpy on the way.
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Monday, June 08, 2015
Stock Market Unconfirmed Downtrend / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - Waiting for confirmation that the ending triangle is complete.
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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Sunday, June 07, 2015
Stock Market Downtrend Continues / Stock-Markets / Stock Markets 2015
Last weekend, I was looking for a low on Monday, a rally into Wednesday and then down into June 8, followed by a rally into June 10 and then down hard into June 12. The low came on Tuesday, and we did rally into a Wednesday top, but the amplitude of the waves forecast was wrong. One never knows exactly how the waves will play out until one is right on top of the occurrence (later as it unfolds it becomes a little clearer).
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Saturday, June 06, 2015
Stock Market Correction Appears Underway / Stock-Markets / Stock Markets 2015
The market started the week at SPX 2107. A gap up opening on Monday took the SPX to 2119. Then a gap down opening Tuesday took the SPX down to last week’s low at 2099. But the market gapped up on Wednesday carrying the SPX to 2122. Then a gap down Thursday open eventually led to breaking last week’s low and hitting SPX 2086. For the week the SPX/DOW were -0.80%, the NDX/NAZ were -0.35%, and the DJ World index was -1.10%. On the economic front reports came in quite positive. On the uptick: personal income, PCE, construction spending, ISM manufacturing, ADP, payrolls, consumer credit, plus the trade deficit and weekly jobless claims improved. On the downtick: factory orders, ISM services, WLEI, and the unemployment rate rose. Next week’s reports are highlighted by Retail sales, the PPI and Export/Import prices.
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Saturday, June 06, 2015
Hot Jobs...Rising Rates?...Greece Headache...Global Markets Sell Off..... / Stock-Markets / Stock Markets 2015
A very boring and yet interesting week just took place. Price action here in the United States was extremely boring. No one will deny that. Small caps were higher, but big caps were lower by about one percent each. Large caps not leading while froth led which is normal for this market since nothing that takes place makes much sense. That's the new normal. The interesting part of the week came from today's Jobs Report, which was very hot.
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Saturday, June 06, 2015
Stock Market Connfirmed Sell Signals / Stock-Markets / Stock Markets 2015
SPX appears to have completed yet another impulse and retracement, stopping at the 50-day Moving Average. Confirmation come at the re-crossing of the trendline, now at 2090.00.
Lance Roberts has an insightful piece about the Incredibly Bearish Bull Market. The bearish divergences are mounting, yet investors are still attempting to “buy the dip.” That is, until today. If the 50-day Moving Average holds, the markets may get ugly in a hurry. With the majority of investors :all in,” there may be less money on the sidelines than what we are being told.
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Friday, June 05, 2015
Support Broken as Stock Indices Sell Off / Stock-Markets / Stock Markets 2015
The stock market indices had a very tough session today, although they started out with a move down, and then within minutes they rallied sharply, particularly on news out of Greece. They then rolled over hard, taking the Nasdaq 100 from 4536 to 4475, down 50 points, and the S&P 500 in 5-wave declines went from 2113 to 2094, nearly 20 points down. In the afternoon they tried to rally, got up to resistance, and backed off, but in the last five minutes they spiked up at the close. Perhaps on short covering.
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Friday, June 05, 2015
Stock Market Set up for a Flash Crash / Stock-Markets / Stock Markets 2015
As I had suggested, SPX impulse down to the double Megaphone trendline. It appears ready for a retracement, but it is hard to tell if it will go much beyond the 50-day Moving Average.
Remember, this is the start of a Minute Wave [iii]. Things may get interesting from here, even though it is only less than 2% off the market high. Yesterday’s high may be the top of point 7 in the Orthodox Broadening Top pattern. The opportunity for a flash crash is very high…about 96% once SPX makes its 2nd decline through the trendline.
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Thursday, June 04, 2015
The Dow Just Gave Stock Investors a “Buy” Signal... Did You Miss It? / Stock-Markets / Stock Markets 2015
Matthew Carr writes: I’ve been passionate about art my whole life.
In fact, I spent a large chunk of my undergrad years studying the various techniques used in digital design... painting... photography... and animation.
One of the first things you learn in animation is the bouncing ball.
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Thursday, June 04, 2015
Buying Stocks on Margin - The Dumbest Man in China / Stock-Markets / Stock Markets 2015
Dr. Steve Sjuggerud writes:
Thursday, June 04, 2015
Stock Market Daily Charts Still Favorable....Long-Term Charts Are Not.... / Stock-Markets / Stock Markets 2015
So what do you trust more? In the very short-term I have always followed the short-term charts over the longer-term charts. You try to follow the most trustworthy index charts and they can be found on the daily charts. Weekly and monthly charts seem to take too long to use for your short-term trading. They'll kick in at some point, but it's too unpredictable. So if we use the daily charts you can see those key-index oscillators are in good shape with the MACD stochastic's and RSI all out of overbought territory. The room is there on all of the oscillators if the bulls can make the move. None of those key oscillators would get overbought until the triple-top breakout at S&P 500 2134 was long gone.
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Thursday, June 04, 2015
Stock Major Market Stress / Stock-Markets / Stock Markets 2015
This is the updated P&F Chart of the Institutional "core holdings" that we posted last week.
Note how it has stayed within its rising wedge pattern ... that is a short term plus for now and until there is a downside breakout. (Historically, rising wedges break to the downside.)
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Wednesday, June 03, 2015
SPX Making a Double Zigzag / Stock-Markets / Stock Markets 2015
SPX has completed a double zigzag. This does not fit a Wave (c) ending, but tells us there is a high likelihood for yet another zigzag to complete an Ending Diagonal formation. The target appears to be 2126.22, which will make it an Expanded Flat Wave [ii]. It may also delay the decline until Monday.
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Wednesday, June 03, 2015
Stock Market At Major Turning Point / Stock-Markets / Stock Markets 2015
The news this morning centers around the Ten Year Note Yield, which appears to have exceeded its prior high. The best fit would be a Wave (v) of Minute Wave [c] of Minor Wave B. This would allow a strong Wave C decline to finish off the decline in yields for good.
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