Category: Stock Markets 2015
The analysis published under this category are as follows.Monday, February 02, 2015
Stock Markets Mixed Expectations Following Friday's Move Down / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook remains neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): bullish
Monday, February 02, 2015
Stock Market Challenging Important Support / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - Is the 7-yr cycle sketching an intermediate top?
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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Saturday, January 31, 2015
Stock Market Major 4 or Primary IV Wave / Stock-Markets / Stock Markets 2015
Gap openings continued to be the theme for January with four more this week, and 15 in 20 trading days. The market started the week at SPX 2052, bounced to 2058 on Monday, declined by Thursday to 1989, bounced, and then ended the week at 1995. For the week the SPX/DOW were -2.85%, the NDX/NAZ were -2.90%, and the DJ World index was -1.65%. On the economic front reports came in even. On the uptick: consumer confidence, new home sales, the Chicago PMI, the WLEI, and weekly jobless claims improved. On the downtick: durable goods, Case-Shiller, pending home sales, consumer sentiment and the GDP declined. Next week’s economic reports will be highlighted by Payrolls, ISM and the PCE.
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Saturday, January 31, 2015
Stock Market Monthly Bifurcation...Volatility Explodes.....Neither Side Yet In Control / Stock-Markets / Stock Markets 2015
If you're trading this market it's quite likely you're struggling mightily. The degree of volatility is off the charts about as much as I've ever witnessed. The moves from day to day are intense, but even more so are the moves hour to hour, and sometimes less than that. In a twenty minutes span you can see the S&P 500 swing twenty or more points. This process gets repeated many times over the course of a single trading day. No one does well in this environment unless you're taking the highly risky chance of holding stocks in to their earnings report. I personally would never recommend that.
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Friday, January 30, 2015
Hulbert on Interest Rate Hikes & Stock Market; a Response / Stock-Markets / Stock Markets 2015
Mark Hulbert has a piece this morning at MarketWatch in which he de-correlates the first Fed interest rate hike from any supposedly corresponding stock market movements. I agree with some but not all of what he writes. Let’s take it a chunk at a time.
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Friday, January 30, 2015
Stock Market Back to Back January Drops in SP500 Always Meant Danger / Stock-Markets / Stock Markets 2015
January will most likely be negative for US stock indices (S&P500), and will be the 2nd consecutive year of negative January performance.
While many are familiar with the old adage "As January goes, so goes the rest of the year", we had pointed to the fact that negative January performances in the S&P500 have always led to high profile volatility and/or double digit declines in a single month that year.
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Friday, January 30, 2015
SPX completes a Leading Diagonal Wave [i] and [ii] / Stock-Markets / Stock Markets 2015
The overlap and in the Waves and the 47% retracement makes this more clearly a Minute (Leading Diagonal) Wave [i] and [ii] today. Wave [i] bounced off the hourly Cycle Bottom support at 1988.39 and completed what appears to be a 5-wave sub-Minute Wave (c) of Minute Wave [ii] at the close.
Tomorrow we may see a lesser degree iteration of sub-Minute Waves (i)-(ii), to start off Wave [iii] of3.
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Friday, January 30, 2015
It’s Not Time to Sell Everything – Yet / Stock-Markets / Stock Markets 2015
Shah Gilani writes: One of my favorite lines is “I’m not the kind of guy to say I told you so – but if I was, I’d sure be saying it now.”
As far as saying “I told you so,” back in the summer of 2008, in my “Friday Night Illumination” emails to my banker and trader friends, I screamed, “SELL EVERYTHING!”
People thought I was nuts. Literally, that I’d lost my mind. Sell everything – no one ever says that, ever.
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Thursday, January 29, 2015
Stocks Suffered Some Further Losses Following FOMC Decision Release / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook remains neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): bullish
Thursday, January 29, 2015
Fed Market Friendly As Usual.... Stock Market Caring Less And Less.... / Stock-Markets / Stock Markets 2015
If you've noticed over the past many weeks and really two to three months, the market hasn't had the ability to break out to new highs. We've seen dramatic, if not historical, measures taken by the ECB with regards to unprecedented levels of free bank cash with a new QE program of over one trillion per year, not to mention that it is open ended. We've seen our Fed, Ms. Yellen, today say rates will stay low. That she has the markets back. Of course, those aren't her exact words, but they sure are implied, and the market knows it. The markets initial reaction, as always, was to try higher. It always tries higher. This time higher didn't hold. More and more measures are being taken globally to prop up markets and their respective economies, but the measures taken are having less of a positive effect.
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Thursday, January 29, 2015
Stock Market Breakdown! / Stock-Markets / Stock Markets 2015
SPX has broken beneath previous lows, giving another confirmed sell signal. I had expected an attempt at the highs late this afternoon, but liquidity is the lowest ever in the futures markets for a FOMC day. This morning’s Minute Wave [ii] top may actually be the Primary Cycle pivot.
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Tuesday, January 27, 2015
The Most Overlooked “Buy” Signal in the Stock Market / Stock-Markets / Stock Markets 2015
Editorial Note: With the Dow opening at a loss of 285 points, today’s featured article couldn’t have been timed better. Below, Matthew Carr shares his favorite metric for determining whether a market is a “Buy” or “Sell.” We hope you’re able to put this information to good use.
The markets are flashing red.
Your palms are starting to sweat.
Should you sell? Should you buy?
Is this the bottom? Or the beginning of the end?
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Tuesday, January 27, 2015
Stock Markets Gapping Down... / Stock-Markets / Stock Markets 2015
As of 8:30 am SPX appears to have broken through hourly mid-Cycle support at 2037.79. The 50-day and Intermediate-term support are behind it. Short-term support at 2031.90 may temporarily delay the SPX decline, but if it opens beneath it, the final support may be hourly Cycle Bottom support at 1985.48.
There appears to be no organized resistance to this decline so far. USD/JPY is down to 117.56 this morning and falling. My report on the liquidity indexes make it clear that there may be no support from those resources, either.
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Tuesday, January 27, 2015
Stock Market Meandering...WDC Sad...Where From Here... / Stock-Markets / Stock Markets 2015
The market doesn't seem to know what it wants to do short term, but what I can tell you is that there is no selling nor buying of any great intensity as we're simply handling out. When the big picture trend is in a handle you still have to give the benefit of the doubt to the bulls. That said, you can't argue with the red flags either from the perspective of just ignoring them because you want to. Your desire to not want to think about any headaches can eventually cause you some if you don't at least recognize the possibilities.
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Monday, January 26, 2015
Stock Market Test of Strength / Stock-Markets / Stock Markets 2015
Until the ECB announcement of €1 trillion in QE, the equity markets were struggling to maintain their upside, near-vertical trajectory. The equity market Cycles seemed to have recently changed in character, and were at serious risk of rolling over and failing. And a failure at this point in the Investor Cycle, after such a massive and speculative bull market, would open the door to a significant decline and possibly even signal that the current great bull market was finally over.
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Monday, January 26, 2015
Possible Stock Market Pop-n-drop in Store For SPX / Stock-Markets / Stock Markets 2015
SPX futures opened at 6:00 pm last night down 15 points. It sank another 10 points before catching a bid and recovering all the loss. The Premarket is currently up 2 points. The overnight action suggests a potential target near 2075.00.
ZeroHedge reports, “Surprise! The weakness overnight in US equity futures has been eradicated in its best USDJPY-driven fashion. S&P, Dow, and Nasdaq futures have all managed to float higher on a sea of Crude and JPY carry exuberance to fill the overnight gap perfectly... except now that they have, USDJPY and Crude have turned down...We suspect the word "contained" will win CNBC-Bingo today...”
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Monday, January 26, 2015
Stocks Fluctuate Following Recent Move Up As Investors Take Some Short-Term Profits / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook remains neutral, and our short-term outlook is neutral:
Intraday (next 24 hours) outlook: neutral
Short-term (next 1-2 weeks) outlook: neutral
Medium-term (next 1-3 months) outlook: neutral
Long-term outlook (next year): bullish
Monday, January 26, 2015
Stock Market More Retracement Expected / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - Is the 7-yr cycle sketching an intermediate top?
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.
Read full article... Read full article...
Sunday, January 25, 2015
Stock Market ECB EQE week / Stock-Markets / Stock Markets 2015
After ECB EQE rumors surfaced over the holiday the market gapped up to SPX 2029 on Tuesday, having closed the previous week at 2019. The gap up was immediately sold off to SPX 2004. Then despite a gap down opening on Tuesday the market worked its way higher until a 1.2tn Euro EQE was announced prior to the open on Thursday. The market hit SPX 2065 on Thursday, then pulled back on Friday. For the week the SPX/DOW were 1.25%, the NDX/NAZ were 3.00%, and the DJ World was 1.90%. On the economic front weekly reports were solidly to the upside. On the downtick: building permits. On the uptick: housing starts, the FHFA, existing home sales, leading indicators, the monetary base, and weekly jobless claims improved. Next week’s reports will be highlighted by the FOMC meeting and Q4 GDP.
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Sunday, January 25, 2015
Central Banks and Economic Reports Keep Stocks Bull Market Alive / Stock-Markets / Stock Markets 2015
At the age of 72 months, the U.S. bull market may be long in the tooth. Stocks may be significantly over-priced based on the CAPE-10 P/E ratio, and Warren Buffett’s favorite measurement, the ratio of market capitalization to GDP. Plunging oil prices, threatening deflation, and weak global economies may be worrying economists.
But the U.S. market remains within two percent of its all-time high, and major European markets are surging back toward their previous highs.
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