Category: Stock Markets 2016
The analysis published under this category are as follows.Wednesday, July 27, 2016
Topsy-Turvy, Volatile Stock Market Session / Stock-Markets / Stock Markets 2016
The stock market had a topsy-turvy, volatile session. The indices were up sharply in the morning, came down sharply midmorning, rallied back midday, came down again in the afternoon, made higher lows, and then rallied back at the end of the day, finishing mixed on the day.
Net on the day, the Dow was down 19.31 at 18,473.75. The S&P 500 was up .70 at 2169.18. The Nasdaq 100 was up 6.18 at 4672.11.
Read full article... Read full article...
Wednesday, July 27, 2016
Stock Market Should be Going Down And Yet... / Stock-Markets / Stock Markets 2016
Everything seems to say this market should be going down... and yet... price is always the final arbiter. July through October is a seasonally bullish period of the year for the VIX. The VIX closed last Friday at 12.02. The last time the VIX was below 13.00 was last August just before the S&P 500 declined over 11.00%... and yet...
Sentiment is at an extreme. The CNN Fear & Greed index is at 83 which is a level described as "extreme greed". The NAAIM Exposure index is at 96 which is as bullish as it has ever gotten... and yet...
Read full article... Read full article...
Wednesday, July 27, 2016
Don’t Buy The SPX Hope Stock Market Rally! / / Stock Markets 2016
All bubbles burst; the question is when? Quantitative Easing (QE) is much like an addiction. One needs more and more to get the initial effect, however, this becomes an asymptotic result, whereas, eventually, one needs an infinite amount that will no longer give a positive effect! So, now that QE has failed, I believe there will now be the introduction of “Helicopter Money”.
Global central bankers constantly continue to spend their way out of their contracting economies, which are now resulting in large budget deficits. The deficits that these policies have produced are unsustainableand have now created a new fiscal crisis within their countries. A second response has been to expand the central banks’ balance sheets as a way of providing liquidity to the private sector. These policies have also sent interest rates into unprecedented historical lows. European countries and Japan have sent their rates into negative territory, thereby reducing returns to fixed-income investors. Low interest rates have encouraged corporations to borrow more money but, in turn, harm the investors savings for their future.
Read full article... Read full article...
Tuesday, July 26, 2016
SPX is Flat, Crude is Down / Stock-Markets / Stock Markets 2016
Good Morning!
The SPX Premarket is flat this morning. Normally, at the beginning of the Fed meetings, I would expect the SPX futures to be higher. That may be the case prior to the open. If this is a “buy the rumor, sell the news” moment, I would anticipate that all the rumors may have already been played out.
Read full article... Read full article...
Tuesday, July 26, 2016
Nasdaq Pulling the Stock Market Up, and Down / Stock-Markets / Stock Markets 2016
Markets don’t generally go through a major resistance zone on the first try. Notice it took the S&P 5 tries before it could break through the 2015 high.
I think we can expect the same thing when the Nasdaq tests the all-time highs. It should pull back, and I expect it will take the rest of the markets down with it. Nasdaq will likely pull back to the 5,000 level.
Read full article... Read full article...
Tuesday, July 26, 2016
Nasdaq Closed Flat Despite Down Day / Stock-Markets / Stock Markets 2016
The stock market indices started off the week on a very weak note, and although an afternoon comeback from midday hold of secondary support created a market rally that saw a late afternoon pullback consolidation, and then a strong surge in the last half hour to take back a big chunk of losses back. However, they were unable to get to through to the positive side, although the Nasdaq 100 closed nearly flat on the day after being down as much as 15 points.
Read full article... Read full article...
Tuesday, July 26, 2016
Stock Market Unwinding...Nothing Bearish...Fed On Deck... / Stock-Markets / Stock Markets 2016
Can you believe it! The market pulled back for a whole day. Who knows, it may do two days in a row. You never know. It's not unusual for a market or a stock to come back and test the level from which it broke out. In this case it's S&P 500 2134. I don't know that we'll get that low, but it's always possible for this market to back test. The fact that it shot decently past 2134 allows it to have a reasonable pullback without breaking support as it unwinds. It would be healthier for the market to back test and get some unwinding, but if it does actually do that, it would likely scare folks that we had a false breakout. I don't think that will occur. It would if the market was playing the real world, but since the market rarely does that it's quite unlikely that we'll break far below 2134 on the S&P 500, thus causing a false breakout from a couple weeks back. The bulls waited a long time to get this breakout, and, with the bears mostly silent, it would be a surprise if this move was a false one. Anything is possible, but it makes little sense.
Read full article... Read full article...
Monday, July 25, 2016
Stock Market Short-Term Uncertainty As Investors React To Earnings Releases / 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 now 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, July 25, 2016
Stock Market Top is Expanding / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: The long-term trend is at an all-time high.
SPX Intermediate trend: The uptrend from 1810 has continued to a new high.
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.
Read full article... Read full article...
Sunday, July 24, 2016
Stock Market Has Topped; GDX Continues Down / Stock-Markets / Stock Markets 2016
The signs of a stock market top came on July 22 when the SPX made a truncated pseudo 5th wave failure at 2175. There were many astro/cyclical signs pointing to a July 19/20th top. My thinking regarding a continuation higher for the stock market is now not warranted.
GDX is about to break an important uptrend line and the technical/cyclical read is down hard next week to near $25 .20. Gold and silver could make a final bottom in early August.
Read full article... Read full article...
Saturday, July 23, 2016
Stock Market Wealthbuilder Report / Stock-Markets / Stock Markets 2016
Technical Overview:
Short Term Trend: Bullish
Medium Term Trend: Bullish
Long Term Trend: Rising From Neutral.
Long Stochastics: Overbought
Short Stochastics: Overbought
Vix: Very Low/ Risk High.
McC. Oscillator: Bullish
A/D Line: Bullish
This market is very much overbought. However, the McClennan Oscillator indicates that prices could easily move higher without too much effort as its price is positioned in the middle of its current trading range.
Read full article... Read full article...
Saturday, July 23, 2016
SPX Stock Market Uptrend Continues / Stock-Markets / Stock Markets 2016
The market started the week at SPX 2162. The market had a small bounce on Monday, then pulled back to SPX 2159 on Tuesday. Wednesday the market opened higher and rallied to SPX 2176, a new all time high. Thursday the market pulled back to SPX 2160, then rallied on Friday to end the week at 2175. For the week the SPX/DOW gained 0.45%, and the NDX/NAZ gained 1.55%. Economic reports for the week were positive. On the downtick: the NAHB and the Philly FED. On the uptick: building permits, housing starts, existing home sales, the FHFA, leading indicators and weekly jobless claims improved. Next week’s reports will be highlighted by the FOMC meeting and Q2 GDP.
Read full article... Read full article...
Friday, July 22, 2016
NASDAQ Pulling the Stock Market Higher / Stock-Markets / Stock Markets 2016
The Nasdaq Nov/Dec high may act like a magnet to pull the S&P 500 price higher before generating a half cycle top.
Read full article... Read full article...
Friday, July 22, 2016
Stock Market Rally IS Over / Stock-Markets / Stock Markets 2016
VIX verse OEX
Many fund managers and analysts are calling for much higher prices in the market near term, medium term, and long term, extremely bullish sentiment. These are the ingredients for making a top in the market. We have very high sentiment, overbought oscillator, and some other technical clues illustrated below.
Read full article... Read full article...
Friday, July 22, 2016
Stock Market Insight from Greed, Volatility, and Put/Call Ratio / Stock-Markets / Stock Markets 2016
I was recently looking at the CNN money website where they post this fear & green index. I caught my attention because many other aspects of the market are now also showing signs an imminent correction in the stock market.
This analysis is a contrarians play, meaning you believe that when mass majority of market participants are thinking and doing the same thing, you believe the market is about to change direction.
Read full article... Read full article...
Friday, July 22, 2016
Stock Market Aggressive Short Entry Point / Stock-Markets / Stock Markets 2016
SPX bounced from the trendline, as expected. This may be a good aggressive entry point…
…Please understand that the bounce may either be finished or continue in the morning.
Read full article... Read full article...
Thursday, July 21, 2016
Don’t Get Sucked Back Into the Stock Market - The Big Picture Hasn’t Changed / Stock-Markets / Stock Markets 2016
By Justin Spittler
Stocks are on a tear right now…
Today, the S&P 500 hit a new all-time high. It topped 2,130 for the first time since May 2015. The benchmark index is now up 6.9% over the past two weeks.
All good, right?
It might seem that way…if we were only analyzing U.S. stocks.
Read full article... Read full article...
Thursday, July 21, 2016
Stocks are Pressing Against Their Support Levels / Stock-Markets / Stock Markets 2016
SPX is nudging at the Trading Channel trendline at 2170.00. A decline beneath it would be considered an aggressive sell signal. More conservative traders would still consider the trendline at 2160.00 as an aggressive sell signal, instead. Take your pick. There is still time for the trade to develop.
Aggressive traders should be used to whiplash by now. However, there is much to be said about a well-placed trade.
Read full article... Read full article...
Thursday, July 21, 2016
S&P 500 At New All-Time High - Will It 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 now 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
Wednesday, July 20, 2016
Status Quo... Stock Market Bulls In Complete Control... / Stock-Markets / Stock Markets 2016
A chart was shown today between gap earnings and the movement of the S&P 500 500. The last time the gap was this disconnected was in 2007, the year before the big market crash. Will history repeat itself? Hard to say back in 2007/2009 we didn't have this type of fed protection against any sustainable market downside action. The fed is making sure things stay positive for the markets, so as to keep the economy moving upward, but it is interesting to note how badly the disconnect has gotten. 2007 disconnect is the answer so let's hope that it doesn't repeat itself for 2017. When you see this type of disconnect, it's also a warning about the human emotion of froth and mania. The bulls are starting to ramp up in a very big way, and we're seeing that in the bull/bears spread, which is now back over 30% (31.1%) for the first time in a very, very long time.
Read full article... Read full article...