Category: Stock Markets 2016
The analysis published under this category are as follows.Monday, June 06, 2016
Stock Market Consolidation Or Distribution? / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: A lengthy correction is most likely underway!
SPX Intermediate trend: The H&S pattern has been invalidated and the index is re-testing the upper portion of its trading range.
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, June 05, 2016
Stocks Hanging on Despite Shock Jobs Report / Stock-Markets / Stock Markets 2016
Stocks are hanging on to this level which has given them such problems for so long as you can see from the chart below.
The stock market has become a mechanism for wealth appropriation and transfer, and as such must be maintained at all costs. LOL.
Read full article... Read full article...
Sunday, June 05, 2016
Bifurcated Stock Market / Stock-Markets / Stock Markets 2016
The market started the week at SPX 2099. After Monday’s holiday the market reached SPX 2103 on Tuesday. Wednesday the market declined to SPX 2085. Thursday the market rallied to SPX 2105, then returned to 2085 by Friday morning before ending the week back where it started at 2099. For the week the SPX/DOW were -0.2%, and the NDX/NAZ were mixed. Economic reports for the week were numerous and generally positive. On the downtick: the Chicago PMI, consumer confidence, construction spending, auto sales, monthly payrolls, ISM services and the Q2 GDP estimate. On the uptick: personal income/spending, the PCE, ISM manufacturing, the ADP, factory orders, plus, the unemployment rate, trade deficit and weekly jobless claims all improved.
Read full article... Read full article...
Friday, June 03, 2016
The Fed, Stock Market and the Miners / Stock-Markets / Stock Markets 2016
From this vantage point, it looks as though the precious metals complex will trade opposite the stock market throughout the month of June. The miners look as though they are bottoming, while the stock market looks as though it is topping. The jobs report on June 3rd will likely play with investors minds until June 15th, when all should reverse.
Read full article... Read full article...
Friday, June 03, 2016
Stock Market No New High? / Stock-Markets / Stock Markets 2016
This Wave [B] at the 2111.05 high appears to be a 3-3-3 wave affair. It would be more acceptable to have a Wave 5 at today’s high and maybe it may happen tomorrow, changing the Wave [B] to a 3-3-5 wave pattern, which is more familiar to most analysts. However, the pattern works, as is.
Read full article... Read full article...
Thursday, June 02, 2016
SPX Appears "Heavy" / Stock-Markets / Stock Markets 2016
The SPX Premarket appears heavy, but not down enough to make a difference. So we are in a sideways consolidation until a breakout or breakdown occurs. So far, the market has reacted to its Pi date on Tuesday. We may not get follow-through until tomorrow, when the monthly Jobs Report comes out.
Read full article... Read full article...
Thursday, June 02, 2016
More Stock Market Fluctuations as SP500 Index Trades Along 2,100 Mark - Which Direction is Next? / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 2,000, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Thursday, June 02, 2016
Stock Market Won't Sell...ISM Better But Barely...Froth Picking Up Gradually... / Stock-Markets / Stock Markets 2016
We have a very interesting market environment to say the least. There doesn't seem to be a single day where the market gaps down and runs lower all day. Every day it seems the market finds a way to go higher, at least intraday. Most days it closes green. We had a move down this morning, but, as usual, it didn't hold as the bulls came roaring back.
Read full article... Read full article...
Wednesday, June 01, 2016
Stock Market Rough Week Ahead / Stock-Markets / Stock Markets 2016
While the eighth year of a Presidential term calls for a rally from mid-May to early/mid-June, it doesn’t promise to be straight up. This week looks set to see a correction downward against the bigger trend. The McClellan Oscillator’s dip below -150 and the lower Bollinger Band on 5/19/16 (the one-year anniversary of the top of the bull market in the Dow) marked the low of the recent sell-off. It closed above zero last week but the bears have the benefit of the doubt given the ‘complex’ structure below zero.
Read full article... Read full article...
Wednesday, June 01, 2016
Stock Market Aggressive Short Entry Given / Stock-Markets / Stock Markets 2016
Although SPX has bounced, VIX has given an aggressive sell signal. This provides a possible short entry for SPX.
Read full article... Read full article...
Wednesday, June 01, 2016
Stock Market Mixed Session to Start the Week / Stock-Markets / Stock Markets 2016
The stock market indices started the day out on a positive note, and then sold off dramatically, taking the Nasdaq 100 from 4526 down to 4497 in a 3-wave, constructive pullback. The S&P 500 pulled back from 2103 to 2089. A very later, 45-minute rally took place and brought the Nasdaq 100 up 30 points and the S&P 500 10 points. A last, 2-minute pullback brought them off that rally high, and they closed mixed on the day.
Read full article... Read full article...
Tuesday, May 31, 2016
A “Big Money” Making Move is Coming to the Stock Market Soon… / Stock-Markets / Stock Markets 2016
Traders gunned the market higher last week thanks to extremely low volume (most of Wall Street left early for the holiday weekend) and the usual performance (many funds have to record results at month end).
The S&P 500 has now slammed up against overhead resistance (red line). We are once again within spitting distance of the all-time highs.
Read full article... Read full article...
Monday, May 30, 2016
Stock Market Re-Testing Overhead Resistance / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: A lengthy correction is most likely underway!
SPX Intermediate trend: The H&S pattern has been invalidated and the index is re-testing the upper portion of its trading range.
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...
Friday, May 27, 2016
The Ugly Truth About Stock Market Manipulation and Gold Prices / Stock-Markets / Stock Markets 2016
We all know the financial markets move in cycles and I have been a big advocate of using the 200-day moving averages to figure out where you are in a financial market cycle and then to invest accordingly.
Read full article... Read full article...
Thursday, May 26, 2016
Negative Interest Rates Set to Propel the Dow Jones to the Stratosphere? / Stock-Markets / Stock Markets 2016
"Every man must patiently bide his time. He must wait -- not in listless idleness but in constant, steady, cheerful endeavors, always willing and fulfilling and accomplishing his task, that when the occasion comes he may be equal to the occasion." ~ Henry Wadsworth Longfellow
Central bankers wanted to put the fear of God into the masses and to a large degree they have succeeded in doing so; the masses are so afraid that they continue to hoard their money and refuse to put into the market, and that is why this Bull-Market is the most hated in history. Nine years and counting and you would think by now they would have surrendered these false beliefs as the Bears have been decapitated, and the naysayers are hiding in the woodwork. However, ignorance, like stupidity knows no limits and continues to trend upwards; if there were a way to invest in stupidity it would be an easy way to score a home run.
Read full article... Read full article...
Thursday, May 26, 2016
S&P Significant Low has Occurred – Not Likely! / Stock-Markets / Stock Markets 2016
There are patterns in markets. Yes, the Fed and High Frequency Traders influence markets, but we can learn from past patterns in the S&P 500 Index.
Using weekly data, the S&P made a high in March 2000, fell to an initial low in April, rose, and fell to a second low in October 2000. It rallied and fell below the second low in February 2001 – never to look back. From high to final low took 931 calendar days and price fell about 51%.
Read full article... Read full article...
Thursday, May 26, 2016
Stock Market Breaking Above 2085 S&P 500.....Barely... / Stock-Markets / Stock Markets 2016
A breakout is a breakout and the S&P 500 did close above 2085. It doesn't meet my personal criteria of a breakout, which means a move above by at least a half percent, but you never argue with an index breaking above an old level of resistance, even if it didn't do it forcefully. The only problem with this five-point move above 2085 is we're coming off extremely overbought short-term conditions, thus, we could lose that level right back in the short-term. If we do it's not the end of the world, but just be aware that we're still over 70 RSI's on all the short-term index charts after having readings that averaged 80 during the trading day. The markets overseas were higher after more bail out dollars were handed out in the Euro zone.
Read full article... Read full article...
Wednesday, May 25, 2016
Major Money Making Opportunity Just Triggered For Stocks / Stock-Markets / Stock Markets 2016
It has now been a year since stocks hit a new all-time high.
That is correct, despite having two massive bounces, driven by tremendous Central bank intervention, the S&P 500 remains well below it all time high of 2130 established May 21 2015.
Read full article... Read full article...
Wednesday, May 25, 2016
Another Stock Market "line in the sand" / Stock-Markets / Stock Markets 2016
Here is another probable reason for the rally ending. Although the trendline was broken in April, this may offer stiff resistance to the rally. We may find whether it holds in the next 24 hours.
Read full article... Read full article...
Wednesday, May 25, 2016
SPX is at Strong Resistance / Stock-Markets / Stock Markets 2016
Today’s Premarket shows us why there is always an alternate view of the Wave patterns. The decline to 2025.91 was too shallow and overlapping to be an impulse, although it could have been easily mistaken for one.
I have put in a “line in the sand” at 2084.87. The SPX rally may not stop precisely on it, but it may provide serious resistance to going much further.
Read full article... Read full article...