Category: Stock Markets 2016
The analysis published under this category are as follows.Sunday, March 06, 2016
Stock Market Max Projection Complete - Distribution Should Start / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX: Long-term trend: Severe correction underway.
SPX: Intermediate trend – .618 retracement reached. End of rally likely.
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, March 06, 2016
Stocks About To Collapse Or Rally To All-Time Highs? / Stock-Markets / Stock Markets 2016
It really is as black-and-white for stock markets: stocks will either collapse in a 2008-alike fashion or shine soon at all-time highs, at least that is what our data points are telling us. Let’s review our key indicators in order to forecast which scenario is playing out right now.
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Saturday, March 05, 2016
Stocks Have Rallied Based on Hope (Nothing’s Changed) / Stock-Markets / Stock Markets 2016
What a different four weeks makes.
Four weeks ago, the S&P 500 had just taken out critical support. Everyone was panicking that the market was about to implode.
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Saturday, March 05, 2016
Stocks Bear Market Rally Nearly Over / Stock-Markets / Stock Markets 2016
The week started at SPX 1948. On Monday the market rallied to SPX 1958, then sold off to 1932 by the close. Tuesday, however, kicked off a rally with a gap up opening that carried the market to SPX 2009 by Friday afternoon. Then after a pullback to SPX 1993 the market closed 2000. For the week the SPX/DOW gained 2.45%, the NDX/NAZ gained 2.50%, and the DJ World index gained 4.0%. On the economic front reports again came in negatively biased again. On the uptick: construction spending, ISM manufacturing, the ADP, factory orders, monthly payrolls and the GDPn. On the downtick: the Chicago PMI, pending home sales, auto sales, ISM services, the WLEI, plus the trade deficit and weekly jobless claims increased. Next week two FED speeches on tap Monday, then the ECB meets on Thursday.
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Saturday, March 05, 2016
Stock Market VIX Short-Term Bottoming Candle?....Bullish Big Picture / Stock-Markets / Stock Markets 2016
So many questions. Not sure I have all the answers you're looking for, but we can do our best to try and understand what's taking place. The VIX has been in a stealth down trend off the top. Other than the occasional up day, it had not had the classic gap-down day that turned hollow at the end of the day.
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Friday, March 04, 2016
Stock Market Pop-n-drop is Probable...or Maybe just a Drop / Stock-Markets / Stock Markets 2016
Good Morning!
As mentioned last night, the algos took the SPX futures to 2002.50 before rolling over. This appears to be the final probe of the rally. Although the Premarket may currently show a positive number, chances are that the market may open in the red.
The only reason that I can give for this final surge is that the 61.8% retracement level is 1999.44.
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Friday, March 04, 2016
Stock Market Technicals Stay Strong Despite Early Morning Dip / Stock-Markets / Stock Markets 2016
The stock market indices had a really good session, even though they were down in the morning, and looked like they could be breaking, especially the Nasdaq 100. Both the advance-decline and up/down volume were very strong, even during the down part of the session. It led me to believe we would get a rally, and we did, taking the S&P 500 to new highs, but the Nasdaq 100 closed down on the day.
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Thursday, March 03, 2016
SPX Breaks its First Support / Stock-Markets / Stock Markets 2016
SPX just broke its 2-hour Cycle Top at 1980.09, suggesting an end to this swing rally. It is now in a retracement back above that support. When it is broken a second time this may be a good aggressive short entry for any dry powder at hand. Confirmation may not come until SPX declines beneath its 50-day Moving Average at 1937.03. However, the decline has the potential to be massive, so take your best shot.
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Thursday, March 03, 2016
Stocks Follow Crude Oil Price Higher Towards New All Time Highs 2016 - Video / Stock-Markets / Stock Markets 2016
The Dow's latest surge higher has put the stocks index within 3% of setting a new high for 2016, so it's not looking like it's going well for the bears who at least into early February were proclaiming that the Great Bear Market Apocalypse was upon us. Instead for the past couple of weeks or so have been increasingly going silent, into hibernation. Though I have to give it to the perma bears, those who have been wrong for the longest are still out there pumping out bear market and crash rhetoric of 30%, 40% even more than a 50% drops!
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Thursday, March 03, 2016
Stock Market Refusing To Fall....Sentiment Peeking Above Zero For Spread.... / Stock-Markets / Stock Markets 2016
The market got a plethora of happy news yesterday, which began with China's central bank deciding it was time for yet another stimulus program. In addition, we heard Mr. Draghi of the Euro zone promise more help on the stimulus front, and lastly we had a better than expected, although still contracting, ISM Manufacturing Report. A triple play of good market news.
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Thursday, March 03, 2016
Waning Enthusiasm for Share Buybacks Signals Major Stock Market Reversal / Stock-Markets / Stock Markets 2016
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Thursday, March 03, 2016
SPX Rally Curbed by the Trendline / Stock-Markets / Stock Markets 2016
Each successive high has been stopped multiple times at the Broadening Flag trendline. Wave (c) of [y] consists of 17 waves, which is a very extended impulsive wave.
Tomorrow is day 43 from the January 20 low, a Primary Cycle Pivot day. It appears that we may have our Primary Cycle top after all, but measured from a prior low instead of the February 11 low.
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Wednesday, March 02, 2016
Stock Market Teetering on the Edge of a Precipice - Video / Stock-Markets / Stock Markets 2016
Transcript Excerpt: Its march 2nd 2016 Wednesday it's 11 o'clock here in london where 6 a.m.
Eastern Standard Time in New York or the USS yeah I'd like to talk today about
the stock markets and in my view looking at the technicals quiet worrying in my
opinion I've got done a little bit of analysis on the monthly chart of the Dow
Jones industrial average and to me I don't want to sound alarmist and I know
most people prefer things to work out you know more moderately but in looking
at the picture that you will see soon it looks quite scary you know what could
happen in the next few months six months even less than six months in my opinion
so here we go again so I've gone back as you can see on the chart coming up here
Wednesday, March 02, 2016
The Stock Markets Are Misreading the Economic Data / Stock-Markets / Stock Markets 2016
The US markets are in a quandary.
On the one hand, some of the data (GDP growth, unemployment, etc.) suggests the Fed should continue to hike rates. On the other hand, other data points (food stamp usage, labor participation rate) suggest the US never actually entered a real recovery.
More importantly, how can the jobs data suggest such a strong employment situation… when one in seven Americans are on food stamps?
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Wednesday, March 02, 2016
Stock Market Primary Cycle ...in hours! / Stock-Markets / Stock Markets 2016
SPX closed precisely at the trendline of its Broadening (bearish) Flag formation. The rally from February 11 to the top took almost exactly 86 hours. This was no coincidence.
This would be considered a Primary Cycle in hours. Primary Cycles are often described in superlatives. Unfortunately, my Cycles Model works in days and I have to do the additional calculation for the hours.
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Wednesday, March 02, 2016
Stock Markets Dow, FTSE Tracking Crude Oil Rally Towards New All Time Highs 2016! / Stock-Markets / Stock Markets 2016
The Dow's latest 350 point surge higher to 16,836 has put the stocks index within 4% of setting a new high for the year, so it's not looking like it's going well for the stocks bears who at least into early February were proclaiming that the Great Bear Market Apocalypse was upon us. Instead for the past couple of weeks or so have been increasingly going into hibernation. Though I have to give it to the perma bears, those who have been wrong for the longest are still out there pumping out bear market and crash rhetoric of 30%, 40% even more than a 50% drops!
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Wednesday, March 02, 2016
Spectacular Day on Wall Street / Stock-Markets / Stock Markets 2016
The stock market definitely had a turn-round Tuesday as the indices exploded from the get-go. They ran very sharply higher until midday when they consolidated, and then stair-stepped their way higher at a shallower angle, but still continued strong until the close when they spiked right into the close to finish at the highs for the day going away.
Net on the day, the Dow was up 348.58 at 16,865.08. The S&P 500 was up 46.12 to 1978.35. The Nasdaq 100 was up 132.50 to 4333.61, up 132% and more than 3% for the day.
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Wednesday, March 02, 2016
Stock Market In Like a Lion, Out Like a Lamb / Stock-Markets / Stock Markets 2016
"In like a lion, out like a lamb" is a proverb describing the month of March. The month of March usually starts with cold, unpleasant weather, but ends mild and pleasant. Seasonality in equity markets during the eighth year of a Presidential term had led me to expect quite the opposite but it now appears equity markets may more closely resemble weather expectations. My Hybrid Lindsay forecast for a high on February 29 (or very close to it) is outlined below.
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Tuesday, March 01, 2016
SPX Makes a Broadening Flag / Stock-Markets / Stock Markets 2016
It appears that SPX is completing a Broadening Flag formation at 1970.19. Its average target appears to be 1504.10. These are different from a Broadening Top, since they are reversal formations, while a Broadening Flag is a consolidation formation indicating a resumption of the previous move and may be more potent in terms of its ultimate target.
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Tuesday, March 01, 2016
Stock Market, Gold Topping Update / Stock-Markets / Stock Markets 2016
The charts below were sent out to my subs last night. The SPX is in a bearish rising wedge formation and it looks like a top on March 2 near 1980 is in the offing. Gold and GDX are breaking down. The GDX charts below are just a possibility, but often times tops like this take longer than that projected in the charts below. March 14th is the new projected low for the stock market. A minimum of around 1840 SPX looks likely by that date. A rally into or around March 24 at this point looks likely for the stock market.
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