Category: Stock Markets 2015
The analysis published under this category are as follows.Saturday, May 16, 2015
Stock Market Diagonal Pattern Nearly Complete / Stock-Markets / Stock Markets 2015
The market did this week what it had done the previous three weeks: open higher, dip mid-week, then close the week over 2100. Last four weekly closes: 2118, 2108, 2116 and 2123. For the week the SPX/DOW were +0.40%, the NDX/NAZ were +0.85%, and the DJ World index was +0.80%. On the economic front the reports came in biased to the downside. On the uptick: business inventories, the NY FED, the WLEI, plus the budget surplus improved and weekly jobless claims were lower. On the downtick: export/import prices, the PPI, industrial production, capacity utilization, consumer sentiment, and the monetary base declined. Next week will be highlighted by the FOMC minutes, the CPI and reports on Housing.
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Saturday, May 16, 2015
Stock Market Basing Below The Breakout.... / Stock-Markets / Stock Markets 2015
When you watch price action near critical levels of resistance you want to see how it holds up, even if the short-term charts are at or near overbought. Watching the action today with those short-term sixty-minute charts near or at 70 RSI it has to give the bulls some comfort due to the fact that the bears couldn't pound the market lower the way they have been in recent weeks whenever the market went to these levels on the oscillators. The market tried many times today to sell off, but the bulls made sure things held up well enough. A change of character for the short term.
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Friday, May 15, 2015
Economic Expansion Ahead? World Stock Markets Analysis / Stock-Markets / Stock Markets 2015
BIG PICTURE - The global economy softened during the first quarter of this year; however, reflationary efforts by the central banks should bring about a pick-up in business activity. At this stage, it is difficult to tell precisely when the economy will accelerate, but we suspect that various data points will show a marked improvement during the back half of this year.
You will recall that the world's economy slowed down significantly at the beginning of 2015 and this coincided with a surge in the US Dollar and extreme strength in government bonds. In response to the deflationary pressures, the European Central Bank (ECB) unleashed its QE program and unsurprisingly, this policy initiative immediately sparked a rally in European stocks. A few weeks later, the US Dollar Index put in an intermediate-term top, government bonds peaked, crude oil bottomed and the major foreign currencies ended their relentless downtrend.
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Friday, May 15, 2015
Stock Market Excellent Day for Wall Street / Stock-Markets / Stock Markets 2015
The stock market indices had a huge session today. The day started out with a breakaway gap, they ran sharply higher, running all day, and closing near the session highs going away.
Net on the day, the Dow was up 191.75 at 18,252.24. The S&P 500 was up 22.62 at 2121.10. The Nasdaq 100 was up 68.48 at 4495.04.
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Wednesday, May 13, 2015
Stock Investors Should Keep an Eye on the Dow Transportation Index / Stock-Markets / Stock Markets 2015
When does the market break down?
There are a lot of ol' timers out there who have their programs set for "not going against the DOW Theory". That means, if the Dow Transports and the Dow Industrials fail to the downside, sell programs will kick in.
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Wednesday, May 13, 2015
Lindsay Forecasting the End of the Stocks Bull Market / Stock-Markets / Stock Markets 2015
The first step in forecasting an important high is accomplished using Lindsay's 15yr interval. It isolates an eleven month period in which the high is found. Lindsay wrote that the interval (15yr-15yr, 11m) can be counted from any "important" low leaving the identification of the low somewhat ambiguous.
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Wednesday, May 13, 2015
Stock Market Tops - First Dow, Then Russell… Now This / Stock-Markets / Stock Markets 2015
I have been touting a major top in stocks, especially in the Dow and the largest small-cap index, the Russell 2000.With each new bubble, we reach higher highs, and then crash to lower lows. It’s such an obvious megaphone pattern that I’m not sure how anyone could miss it.
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Tuesday, May 12, 2015
Stock Market Sell Status is Upgraded / Stock-Markets / Stock Markets 2015
SPX has now crossed its 50-day Moving Average at 2089.47. This is an aggressive sell signal with confirmation beneath its prior low at 2067.93. We’ll probably see some back-testing of the 50-day before it resumes its decline. There is a good possibility of a trendline break in the Orthodox Broadening Top today.
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Tuesday, May 12, 2015
Stocks and Bond Markets Reach an Epiphany... / Stock-Markets / Stock Markets 2015
Good Morning!
The SPX Premarket has bounced from the 50-day Moving Average at 2089.58 this morning. It appears that the algos have been turned on while the volume is light to ramp it back, but so far SPX remains negative prior to the open.
USD/JPY had a sharp sell-off while SPX was in decline. It is attempting a retracement, but appears to be stalled at 120.14. Meanwhile, SPX appears to have given up all the gains from the positive employment report form Friday.
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Tuesday, May 12, 2015
Stock Market Another Try...Another Failure.....But Not Bearish.... / Stock-Markets / Stock Markets 2015
Another day, another failure, but you are all used to that by now. Right? Hello? Look folks, we've seen this so many times over the past five months it shouldn't have a single adverse effect on you. Wash, rinse and repeat for so long it's off the charts. That said, we need to study how the market sold off today and ask ourselves if the selling that took place below the breakout level of 2119 to, let's call it, 2125 was really bearish. I would suggest it was not. The volume was light and the oscillators were leading, while price fell very little meaning solid unwinding without a lot of price depreciation. It would be very bad for the bulls if price was leading lower with force while the oscillators stayed up there. No longer are we overbought, and no one should feel as if today's selling was anything bad in terms of price.
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Tuesday, May 12, 2015
Stocks Spooked as Yields break Head & Shoulders Necklines / Stock-Markets / Stock Markets 2015
The Head & Shoulders neckline was redrawn on TNX, but the outcome is the same. Yields are now going high and it is being recognized
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Monday, May 11, 2015
Stock Market Investors' Sentiment Improves Again Following Jobs Data Release - 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
Monday, May 11, 2015
Stock Market Still Vulnerable to Big Downside / Stock-Markets / Stock Markets 2015
Last time I wrote, I was expecting a move to about 2064/65 or about a 2% drop into the 12.5 week cycle low. We got a 2.45% drop into May 6th, TD 13 of the 12.5 wk low. Our money flow indicators suggested more upside as they were washed out nicely and we went long the end of the day Thursday and got out on Friday and took 30 points out of the market (all provable on my web site).
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Monday, May 11, 2015
Stock Market More Distribution Under Way? / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - The bull market is still intact.
Intermediate trend - Is the 7-yr cycle sketching an important top?
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. They are important adjuncts to the analysis of daily and weekly charts which ultimately indicate the course of longer market trends.
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Sunday, May 10, 2015
Investors Stay Away from This Irrational Indulgence / Stock-Markets / Stock Markets 2015
MoneyMorning.com Michael E. Lewitt writes: When I see the market rally mindlessly -as it did on Friday, after the jobs report pushed the jobless rate down to 5.4%- I ask myself a set of questions like the following….
Do investors really think it's going to matter if the Fed raises interest rates by a quarter of a point in September instead of June? Do they really think it's normal that €3 trillion of European debt is yielding less than zero? The Swiss National Bank (Switzerland's Federal Reserve) owns $100 billion of stocks…Is that considered normal?
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Sunday, May 10, 2015
All Eyes on Stock Market New Highs / Stock-Markets / Stock Markets 2015
DOW
Finally it seems we may just see that new all time high to complete the ending diagonal pattern we have been following for the last few months, more importantly it also seems the DOW has also caught up with the SPX, which is a good thing as it aligns both markets.
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Saturday, May 09, 2015
Stock Market Choppiness Continues / Stock-Markets / Stock Markets 2015
Another one of those choppy weeks. The market started the week at SPX 2108. Gapped up on Monday hitting SPX 2121, dropped to 2068 by Wednesday despite a gap up opening that day, then rallied to 2118 on Friday with also a gap up opening. Three gap up openings on the week, net gain 8 points. For the week the SPX/DOW were +0.65%, the NDX/NAZ were mixed, and the DJ World index was +0.30%. On the economic front reports continued to come in positive. On the uptick: factory orders, ISM services, consumer credit, monthly payrolls, wholesale inventories, the WLEI, and the unemployment rate improved. On the downtick: the ADP index, the MMIS, and both weekly jobless claims and the trade deficit increased. Next week is highlighted by Industrial production, Retail sales and the PPI.
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Saturday, May 09, 2015
A Perfect Jobs Report For The Bulls...Still No Breakout... / Stock-Markets / Stock Markets 2015
The market looked very bad heading in to Thursday's action. It went up a bit Thursday off of oversold, short-term conditions as it waited on Friday's big Jobs Report, due out this morning one hour before the open. Traders were hedging their bets on which way it would go. Bears knew a bad number for the second month in a row would likely bring about a real slaughter as things have been weak on the economic front lately. The bulls were counting on bad weather being the culprit to the recent string of bad news on the economy.
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Friday, May 08, 2015
Stock Market Deflationary Outcome. It's Coming / Stock-Markets / Stock Markets 2015
The reality is that ever since the 2000 top, both the economy and the stock market have been trying to deflate. It has been these deflationary forces that the Money Masters have been fighting. In the process, they created the housing bubble, the 2007 stock market bubble, the 2008 commodity bubble, the banking crisis and consequently the worst financial disaster since The Great Depression. Those deflationary forces have yet to be fully expressed, but they will. Ever since the rally out of the March 2009 low began, I have said that it has been an advance within the context of a much longer-term secular bear market. As the 2009 low was being made, I also said that the longer the rally out of that low lasts, the more dangerous it would become.
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Thursday, May 07, 2015
Stocks Downtrend Continues Following Worse-Than-Expected Economic Data Releases / 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