Category: Stock Markets 2016
The analysis published under this category are as follows.Monday, February 22, 2016
Stock Market Pivot Day / Stock-Markets / Stock Markets 2016
It appears that SPX Premarket has risen to the range of 1937.00 this morning. That means the Wave structure has morphed into a Minor wave C. The target for this wave [Where Wave (v) equals (i)] is 1945.48. An expanded flat Wave (2) would terminate in the range of the Wave A high at 1947.20. The Broadening formation trendline appears to be near 1952.00, so this gives us a range of outcomes for today.
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Monday, February 22, 2016
Stock Market Phase Correction In Progress / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX: Long-term trend - Severe correction underway.
SPX: Intermediate trend - Phase correction in process.
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, February 21, 2016
Stock Market Drop Likely Monday, Gold Price Topping? / Stock-Markets / Stock Markets 2016
The technicals, cycles and astro-read suggest a high probability of a severe drop in the stock market Monday to as low as the low/mid SPX 1840’s. The SPX likely completed the 100 TD low 16 TD’s on February 11. The SPY grid lines below shows lines of support and resistance.
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Saturday, February 20, 2016
Stock Market Sentiment...Looking At The Technical World..... / Stock-Markets / Stock Markets 2016
The market is showing some very interesting pattern set-ups on the daily index charts. The oscillators on the attempted pullback on those daily charts are holding nicely with many of the bear market stocks not showing a move lower on those oscillators as their price pulls back. A sign of many bear-market stocks bottoming? It could very well be, but that answer only comes with certainty when we experience the next strong down move. So far so good. Many stocks are in very deep bear markets, even though our indexes are not. Individual stocks from all over the stock-market world are experiencing some horrific moves lower. There are some signs based on positive divergences that this process may be in the very beginning stages of turning around.
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Friday, February 19, 2016
Stock Market Danger Ahead / Stock-Markets / Stock Markets 2016
You may ask, “Why the rally back to the zero line?”
The first answer is, “Because it can.” That’s what support and resistance lines are meant to portray. They represent pockets of buying power or selling pressure, depending on which side you are coming from.
There is another reason. Computer algorithms can be trained to “sense” these areas and use them to the owner’s advantage. In this case, it may be to the owner’s advantage to maintain the market at this level so that certain options will pay off.
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Friday, February 19, 2016
Equity Outflows Resume... It’s Time to be All-in Short / Stock-Markets / Stock Markets 2016
SPX bounced off Intermediate-term support at 1904.40 this morning. There are a couple more supports that must be taken out today so progress may be slow, but steady on the downside. This assumes no catalyst rears its ugly head to spark the panic decline today.
Despite the three-day rally, we have seen the longest streak of equity outflows since 2008.
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Friday, February 19, 2016
Premarket Stock Market Decline / Stock-Markets / Stock Markets 2016
SPX has fallen to its 2-hour mid-Cycle support in the Premarket. This is unusual for OpEx in the Index Futures. It suggests some turmoil that may carry over to the open. OpEx Fridays are usually more volatile than normal, but this type of activity before the open is unusual.
ZeroHedge reports, “Not even this morning's mandatory European open ramp has been able to push US equity futures higher, and as a result moments ago the E-mini hit session lows on rising concerns about Brexit as talks drag on in Brussles, but mostly as a result of overnight confusion about China's loan explosion and whether the PBOC has lost control over its maniacally-lending banks.”
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Friday, February 19, 2016
Support for Stock Market Indexes / Stock-Markets / Stock Markets 2016
The recent downward slide for North American indexes appears to have found a floor.
After declining for much of the last six weeks, the key U.S. indexes have all reached their 200-week moving averages (m/a) and stopped.
Only the commodity-heavy TSX went right through its 200-week m/a and settled on the lower support level of 12,000.
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Thursday, February 18, 2016
Stock Market Rally is Broken / Stock-Markets / Stock Markets 2016
The short-covering rally in SPX appears to be broken. Confirmation of the reversal is close by, at Intermediate-term support/resistance at 1911.56.
The peak in the cash market was at 14:21 hours yesterday. The rally was 21.5 market hours in length after a 56 hour decline. SPX is now going into a Wave C panic decline that may last between 4.3 and 6.14 days. Wave A will look like a picnic by comparison.
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Thursday, February 18, 2016
Donald Trump is Scaring Investors / Stock-Markets / Stock Markets 2016
Oaktree's Howard Marks spoke with Stephanie Ruhle and David Westin on Bloomberg TV's "Bloomberg <GO>" on how the presidential election and Trump are scaring investors. He also discussed his bet on Jeffrey Gundlach's upstart investment firm, DoubleLine Capital.
On how the presidential election is impacting markets, Marks said: "They're scaring the hell out of people." Of Trump he added: "Donald says, the Chinese are killing us. The Mexicans are killing us. The Japanese are killing us. But we're going to get the jobs back. And I think that people tend to believe him…The others compete to be equally fearful and dramatic."
Thursday, February 18, 2016
Stocks Have Taken Out Critical Support… Prepare Now! / Stock-Markets / Stock Markets 2016
One of the most critical lines to watch is the 12-month moving average for stocks.
Historically this line has served well as a proxy for determining if stocks were in a bull or bear market. When stocks rallied above this line, they were in a bull market. When they fell below this line, they were in a bear market.
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Thursday, February 18, 2016
Strong Stock Market Session with Strong Underlying Technicals / Stock-Markets / Stock Markets 2016
The stock market indices had a big day today. They gapped up big, pulled back early on, and then stair-stepped their way higher all day, until they reached the session highs with an hour to go. They pulled back late in the session, and bounced in the last 15-20 minutes to finish with a very strong gain on the session.
Net on the day, the Dow was up 257.42 at 16,453.84, 30 points off its high. The S&P 500 was up 31.24 to 1926.82, 4 points off its high. The Nasdaq 100 was up 94.77 to 41.99.10.
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Thursday, February 18, 2016
Stock Market Exploring Possibilities....Sentiment... / Stock-Markets / Stock Markets 2016
hroughout 2015 I felt the market was in a topping phase due to complacency along with massive, negative divergences on those key, monthly index charts. The market didn't fall much in 2015, but it refused to have sustainable upside action. In the end, the markets were down slightly for the year. It took all of 2015 for the market to finally stop its upward thrusts.
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Wednesday, February 17, 2016
Wealthbuilder Stock Market Brief / Stock-Markets / Stock Markets 2016
Time for steady state economics to be introduced.
As a student of economics and monetary theory one of my greatest heroes is M. King Hubbert.
He was an American scientist born in Texas in 1903. He was a man of great integrity,
intellectual honesty and courage. He was a visionary who believed in the power of ideas
and the need to use intellectual rigor to analyze and manage change.
Wednesday, February 17, 2016
Perverse Sort of Stock Market Wave Pattern / Stock-Markets / Stock Markets 2016
This has been a difficult retracement to follow. Here is the detail of what has happened.
The first Wave down from 1947.20 is clearly a Wave (a), since does not have a five wave structure. What fooled me was that I had assumed that Wave [b] was really a larger degree Wave B, which meant that Wave C of (3) would begin at 1881.60. Instead, it was the final wave [c] of A.
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Wednesday, February 17, 2016
Very Solid Stock Market Session and Nice Start to the Week / Stock-Markets / Stock Markets 2016
The stock market indices started off the week with a bang. They ran hard all day, with a huge gap down early morning, bounced, consolidated late afternoon, and then came on again right at the close to finish at the highs for the day. It couldn't be a better day.
Net on the day, the Dow was up 222.57 at 16,196.41, at the tick high for the day. The S&P 500 was up 30.80 to 1895.58, within pennies of its high. The Nasdaq 100 was up 85.14 to 4104.33, also at the tick high for the day.
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Tuesday, February 16, 2016
SPX Rolling Over / Stock-Markets / Stock Markets 2016
SPX went on a low volume ramp over the extended weekend, topping out near 1895.00, the 61.8% Fibonacci retracement level at midnight. Since then it has eased down near Short-term resistance at 1884.20. Today is a double Pivot Day in the Cycles Model, suggesting a strong reversal may be happening.
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Tuesday, February 16, 2016
Latest Declines Suggest Stock Market Buying Opportunities / Stock-Markets / Stock Markets 2016
For most of this year, stock markets around the world have been under pressure as the majority of investors are starting to take profits and prepare for the inevitable tightening cycle that is now expected for global interest rates. Of course, increases in interest rates will take some time to actually filter through the market but an ounce of expectation is worth a pound of action in the financial markets -- and this is why stock prices are currently falling through important psychological support levels.
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Tuesday, February 16, 2016
Stocks Dive as Confidence in Fed Fades / Stock-Markets / Stock Markets 2016
“Investors are losing confidence in central bank policies. (They) have done all they can do, and these policies may not improve economic growth or may not support financial markets.” — Anthony Valeri, investment strategist at LPL Financial
Zero rates and QE have stopped working and that has investors worried. Very worried.
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Monday, February 15, 2016
Three Simple Steps to Beat a 'Rigged' Stock Market / Stock-Markets / Stock Markets 2016
Alexander Green writes: