Category: Stock Markets 2016
The analysis published under this category are as follows.Tuesday, October 04, 2016
Fed Chair Yellen’s Plan B: “Intervene Directly” in Stock Market / Stock-Markets / Stock Markets 2016
By Stefan Gleason : October could see a ramping up of volatility across all asset markets. The month is notorious on Wall Street for the 1987 stock market crash. Fall crashes also occurred in 2002 and 2008.
Are we due for another one? Perhaps. Some analysts think it will come after the election. Others think the stock market will stay elevated until the Federal Reserve raises rates.
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Tuesday, October 04, 2016
FTSE BrExit Stock Market Panic Crash Resolves towards New All Time Highs / Stock-Markets / Stock Markets 2016
Remember how BrExit was supposed to trigger a stock market crash, collapse, bear market, with the mainstream press's panic reporting Brexit morning (June 24th) following the FTSE's early morning 5% mark down in the wake of the UK voting to LEAVE the EU.
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Monday, October 03, 2016
Stock Market Closer To All-Time High, Will Uptrend Continue / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is neutral, following S&P 500 index breakout above last year's all-time high:
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): neutral
Monday, October 03, 2016
Stock Market Correction to Worsen? / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The long-term trend is up but weakening. Potential final phase of bull market.
SPX Intermediate trend: The uptrend from 1810 continues, but it has entered a corrective phase which could extend into November.
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 discuss longer market trends.
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Sunday, October 02, 2016
Choppy, Toppy Stock Market into Early October / Stock-Markets / Stock Markets 2016
Last week, we saw the stock market whipsaw: up one day and down the next. That pattern should continue into October 4th with another down day Monday. Buy the dip! A cycle top is due on Oct 4. The whole pattern smacks of a sideways 'b' wave bear flag that should give way to a nice 'c' wave drop into week's end.
I believe we finally see that false break of the rising wedge I've been talking about. A test of SPX 2099/2100 looks likely by Oct 7. October 6th should be a huge down day, somewhat similar to September 9th. What a messy strewn out 'Z' wave we've had (see chart below).
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Saturday, October 01, 2016
SPX: corrective advance / Stock-Markets / Stock Markets 2016
The market started this choppy week at SPX 2165. After a gap down opening on Monday (DB related) the market declined to SPX 2142 by Tuesday’s open. After that it rallied to SPX 2173 Thursday morning. Then sold off (DB related) to SPX 2145 by Thursday afternoon. After a late day rally on Thursday the market gapped up on Friday (DB related) and hit SPX 2175. For the week the SPX/DOW gained 0.25%, and the NDX/NAZ gained 0.25%. Economic reports were mixed. On the downtick: Case-Shiller, the Q3 GDP estimate, pending/new home sales, plus weekly jobless claims rose. On the uptick: Q2 GDP, consumer confidence/sentiment, personal income, the Chicago PMI and the PCE. Next week’s reports will be highlighted by monthly Payrolls and ISM.
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Friday, September 30, 2016
Has Dow Theory Lost its Relevance: Stock Market Ignored it and Rallied to New Highs / Stock-Markets / Stock Markets 2016
"A stop sign is a gift for you to learn that moving in the same direction won't take you any place new." ~ Rex Steven Sikes
The transports topped out in November of 2014, and according to the Dow theory this is a big negative; the Dow industrials should have followed suit. Instead, the Dow soared higher paying no heed to this theory proving to a large degree that this theory has lost its value. After all, it is a theory and the definition of a theory is "a supposition or a system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained."
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Friday, September 30, 2016
Stock Market Nasty Pullback Day / Stock-Markets / Stock Markets 2016
The stock market indices had a rough, volatile session and closed very weak. The day started out with some back and forth action, they pulled back midmorning, and was successful. They then rallied back to resistance, and then they plunged, acerbated by news that Emergent BioSolutions, Inc. (EBS) was having problems with withdrawals. Panic set in to take it to minus 15.44, and then they had a sharp rally acerbated to the upside when it was announced that QUALCOMM Incorporated (QCOM) may be acquiring NXP Semiconductors NV (NXPI). The semi-conductors took off and took the market with it. Biotech’s suffered all day, though, and in the afternoon the indices did pull back and closed near support.
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Friday, September 30, 2016
Green Light For Stock Markets In 2017 / Stock-Markets / Stock Markets 2016
We believe the stock market correction is running its course. The seasonally weak month of September has only produced one significant down day. Our expectation was that the retracement would take stocks between 5% and 10% lower, as explained in ALL Markets Going Down Except The US Dollar.
However, it seems that the stock market is quite resilient. Two weeks after that strong down days, we have not seen any meaningful sign of a continuation of that retracement. That does bode well for an end of year rally, and, even more important, continued strength in the stock market into 2017.
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Thursday, September 29, 2016
What a Trump Win Means for The Stock Markets? Disaster or Buying Opportunity / Stock-Markets / Stock Markets 2016
"As a man handles his troubles during the day, so he goes to bed at night a General, Captain, or Private." ~ Edgar Watson Howe
We would like to state that this article is not about politics but about the effect these two polarising individuals will have on the market. Before the debate, the outlook was somewhat favourable towards the Donald and immediately the markets reacted and started trending lower. Regardless of what you think of Trump, he is having the same effect as Brexit had on the markets but in smaller doses. If he should win the election, then the reaction will be several magnitudes larger. When the poll results came in stating that Hillary fared better in the 1st debates the markets responded positively and recouped their losses; this reinforces our argument of several years that says substantial pullbacks should be viewed as buying opportunities.
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Thursday, September 29, 2016
SPX is at the 80% retracement. Will it turn here? / Stock-Markets / Stock Markets 2016
Good Morning,
Thus far the SPX has made an 80% retracement. Normally this would be a dubious distinction, since the odds grow of making a new high beyond the 78.6% retracement. However, this seems to be standard operating procedure for this top, so we’ll have to monitor it as it develops. Being the end of the quarter doesn’t help the bearish cause, but a lot of big name stocks are not making new highs, which is a first.
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Thursday, September 29, 2016
Stocks Extend Their Short-Term Gains, But Will They Continue Higher? / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is neutral, following S&P 500 index breakout above last year's all-time high:
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): neutral
Thursday, September 29, 2016
BlackStone Group Says The Stock Market Is The Most Treacherous They Have Seen / Stock-Markets / Stock Markets 2016
There has rarely ever been another time like this.
Not since 1999 and not since 1929 before that, have so many billionaires, central banksters, financial elites and fund managers, warned that we are on the verge of a catastrophic bust.
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Thursday, September 29, 2016
Could the OPEC deal set stage for the Next Stock Market Risk Rally? / Stock-Markets / Stock Markets 2016
We have been advising our clients about the market internals and fundamentals to be mildly bullish. Against popular opinion we have stuck to our guns that market will rally before the next big correction. The news of an OPEC deal could be the trigger if true. Reuters and other media outlets reported from Algeria on Thursday that OPEC members had agreed to cut oil output for the first time since 2008. Reuters reported OPEC members would limit production to a range of 32.5 million to 33 million barrels per day, down slightly on August's output of 33.2 million barrels a day, but there were few details availabe on the deal. Oil prices surged about 5 percent in response, with West Texas Intermediate trading at $46.75 per barrel. Without a deal, analysts had said oil could plunge to $40 or lower. ItThe OPEC deal to cut oil production may provide a short-term support for prices, but chances are it won't change the supply outlook much, Goldman Sachs said. Goldman said in a note to investors that it was sticking with its forecasts for WTI at $43 a barrel for the end of this year and $53 a barrel in 2017. The investment bank had cut its year-end forecast this week from $50 a barrel.
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Thursday, September 29, 2016
OPEC Announcement Triggers Late Stock Market Rally / Stock-Markets / Stock Markets 2016
The stock market indices had a turn-around Wednesday as the markets exploded. However, in the morning, they came down hard, held secondary support, and then rallied smartly, accelerating, in particular, when OPEC made the announcement that they may have come to an agreement on production cuts. At that point, the Nasdaq 100 rallied from 48.50 to 48.78, and the S&P 500 rallied from 21.52 to 21.72, both closing near the highs for the day.
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Tuesday, September 27, 2016
Deutsche Bank News Hits Stock Market.... / Stock-Markets / Stock Markets 2016
Angela Merkel, the leader of the financial world in Germany, told Deutsche Bank that they're on their own should things spiral out of control for them. The bank has been having trouble and when someone has trouble the world expects the usual reply, which is have no worries, we'll do whatever it takes to protect you. This time Merkel said you're on you're own.
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Monday, September 26, 2016
September Stock Market - The Not So Silent Demise of Deutsche Bank / Stock-Markets / Stock Markets 2016
Since May 2007 Deutsche Bank’s share has dropped from 175 US Dollars to 12 US Dollars (approx.) as we speak. Suddenly “the wires” are going viral with updates on the catastrophic state of the bank’s balance sheet. Here is what Kenny Polcari, of Morning Thought Blog” had to say today:
Deutsche Bank is leading the banks and banking indexes lower - as they dropped to a record low amid concerns that mounting legal bills associated with the sub-prime mortgage crisis, commodity (precious metals) trading and large money transfers out of Russia are all complicating the drama and may force the German lender to raise capital. The stock fell by 7% - bringing ytd losses to 53%.
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Monday, September 26, 2016
SPX sell signal confirmed / Stock-Markets / Stock Markets 2016
Short-term support is now broken and the Cycle Bottom support at Head & Shoulders neckline are likely to be in play. SPX is on a confirmed sell signal. Today’s action may match that of September 9. Be on the lookout for a break of the neckline near 2130.00.
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Monday, September 26, 2016
SPX is testing the next level of support / Stock-Markets / Stock Markets 2016
The SPX Premarket is challenging its Short-term support at 2156.02 and may open beneath it after closing beneath its 50-day Moving Average on Friday.
ZeroHedge reports, “While today's biggest event for both markets and politics will be tonight's highly anticipated first presidential debate between Trump and Hillary, markets are waking up to some early turmoil in both Asia and Europe, with declines in banks and energy producers dragging down stock-markets around the world, pushing investors to once again seek the safety of government bonds (and yes, flattening the JGB curve even more much to the chagrin of the BOJ) and the yen.”
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Monday, September 26, 2016
Stock Market New Downtrend Or Just Downward Correction Before Another Leg Higher? / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook is neutral, following S&P 500 index breakout above last year's all-time high:
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): neutral