Category: Stock Market 2017
The analysis published under this category are as follows.
Friday, March 03, 2017
Is Trump Delirium Burning the Stocks Bull Market? / Stock-Markets / Stock Market 2017
By: Nadeem_Walayat
The Alt-Reality President Trumps' election victory induced delirium rather than dissipating is clearly intensifying. Whilst personally having partially succumbed to the Trump delirium hot on the heels of Britains' Brexit which implied that the approaching 8 year Dow stocks bull market target of Dow 20k was far more probable than the highly vocally often repeated view by the crash is always coming crowd. So in the run up to the probable Trump election victory my view of Dow 20k as being the most probable outcome.
Friday, March 03, 2017
Dow 19,20,21….Faster, Faster! / Stock-Markets / Stock Market 2017
By: Doug_Wakefield
Aren’t you glad that the Dow leaped to 21,000 today. I mean, just three weeks ago its low for the day was 20,015. In fact, on November 22, 2016 the Dow crossed 19,000 for the first time.
Yet why the hurry to get in now? The 8 year US “QE assisted” bull market has yet to see a 20% decline since 2008. In fact, since the Feb 11, 2017 low, the S&P 500 hasn’t had a weekly decline (Fri to Fri close) of even 2.5%. Even based on Goldman Sachs’ recent research we know the S&P 500 has not seen a 1% decline over the last 96 days, a feat only topped 3 times since 1980, none since 2000.
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Thursday, March 02, 2017
Dow on Fire! Is Trump Debt Delirium Burning the Stocks Bull Market? / Stock-Markets / Stock Market 2017
By: Nadeem_Walayat
The Alt-Reality President Trumps' election victory induced delirium rather than dissipating is clearly intensifying. Whilst personally having partially succumbed to the Trump delirium hot on the heels of Britains' Brexit which implied that the approaching 8 year Dow stocks bull market target of Dow 20k was far more probable than the highly vocally often repeated view by the crash is always coming crowd. So in the run up to the probable Trump election victory my view of Dow 20k as being the most probable outcome. Even going a little further could be rationalised to to 20,150 which is about as far as I could extend a rationale post Trump election trend in the face of growing alarm at the real world consequences of a 'Trump Reset' Presidency, namely one of literally the US trending towards WAR with China!
Thursday, March 02, 2017
Stock Market At the Brink... / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
The Markets appear to be dependent on what happens to the USD. This morning USD futures rose as high as 102.11, apparently completing the final probe of the retracement at a near Fibonacci 63%. A reversal from this high sets the wheels in motion with a decline beneath the 50-day Moving Average offering a sell signal.
Thursday, March 02, 2017
Stock Market Fake Risk, Fake Return? Market Crash? / Stock-Markets / Stock Market 2017
By: Axel_Merk
With seemingly everyone from the blogosphere to the Tweeter-in-chief chiming in on fake news, have investors considered their risk/return profile may also be “fake”? When it comes to investing, who or what can we trust, is the market rigged, and why does it matter?
For eight years in a row now, an investment in the S&P 500 has yielded positive returns.1 In recent years, expressions like “investors buy the dips” and “low volatility” have become associated with this rally.
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Thursday, March 02, 2017
Stock Market New Record High, S&P 500 At 2,400 Mark / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).
Our intraday outlook is now bearish, and our short-term outlook is bearish. Our medium-term outlook remains 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, March 02, 2017
SPX Rally Appears Complete / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
We can now say that the Wave structure is complete with a throw-over above the Cycle Top. We have round number resistance at the top as well. The reversal begins with the re-entry back beneath the Cycle Top, which appears to be happening now.
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Wednesday, March 01, 2017
Stocks are higher, but the Fed trumps Trump / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
Good Morning!
President Trump’s speech appeared to be his most “presidential,” but was short on details.
The surging dollar and rising SPX futures give some indication that Trump is still getting the benefit of the doubt.
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Wednesday, March 01, 2017
Stock Market Good Close, but Negative Finish to the Day / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market indices had a soft session today. The day started out with a little 3-wave corrective down move that held the trendlines and bounced, but then they rolled over, and rolled over sharply. The Nasdaq 100 dropped from 5344 down to 5317, and the S&P 500 dropped from 2367 down to 2359. They bounced back sharply, failed at resistance, backed off to retest, and at the very end of the day in the last 15 minutes, they came on sharply, and parred back a lot of the losses, but still closed negative on the day.
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Tuesday, February 28, 2017
Stock Market Breakdown / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX has declined beneath its trendline and made a 47-66% retracement of its initial decline. It appears that it is now entering a third wave at a sub-minute or Micro degree. There is a lot of empty space to Short-term support at 2321.87. We may add a short position here.
A further decline beneath its earlier low at 2358.96 gives us further confirmation.
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Tuesday, February 28, 2017
Stock Market Correction Coming? / Stock-Markets / Stock Market 2017
By: Chris_Vermeulen
The correction in the markets is coming. The markets will correct in the short term, which will allow them to move much higher in 2017. The short-term indicators of market momentum are overbought. The trend indicators are clearly still BULLISH!
President Trump’s cuts and his pro-business attitude have been sending U.S. stocks into new record high territory. This is a clear indication that investors are looking to the White House for inspiration. The SPX Index, Dow Jones Industrial Average and Nasdaq Composite Index are trading at all-time highs. They are extending the rally that began when President Trump was elected.
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Monday, February 27, 2017
SPX Achieves Wave Equality / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
Wave (v) reached equality with Wave (i) at 2370.56. That, with the VIX now back over its 50-day Moving Average, suggests the rally may be over. For safety’s sake you may wish to wait until SPX is back beneath its trendline at 2365.00, but I wouldn’t point fingers if at least a partial short position is taken.
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Monday, February 27, 2017
Stock Market Something's Gotta' Give / Stock-Markets / Stock Market 2017
By: Ed_Carlson
The next confluence of Fibonacci retracements is at 2,382 and is our price target for SPX but last Friday was a 21-day cycle high so something's gotta give here. A 6mo cycle high was due last week, too.
Lindsay's 107 day interval points to a tradable high no later than today.
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Monday, February 27, 2017
Stock Market Breakout or Breakdown? / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
Good Morning!
SPX closed at the trading channel trendline on Friday without making a new high. In that context, it may be viewed as a possible wave (ii). However, it’s not over until it’s over. The SPX futures made a higher high in overnight trading. They are currently negative, but not so much as to proclaim victory for the bears. A decline beneath Friday’s low at 2352.87 would break the upward bias. Otherwise a breakout appears that it may be the final Wave c of (v) of [c].
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Monday, February 27, 2017
Stock Market Short-Term Uncertainty As Stocks Fluctuate Along New Record High / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).
Our intraday outlook is now bearish, and our short-term outlook is bearish. Our medium-term outlook remains 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
Sunday, February 26, 2017
Stock Market Sentiment at ‘Extreme Greed’ / Stock-Markets / Stock Market 2017
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: Uptrend continues.
SPX Intermediate trend: A minor reversal at 2300 has been followed by a resumption of the uptrend targeting the 2400 area.
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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Saturday, February 25, 2017
Stock Market SPX New All-time Highs Continue / Stock-Markets / Stock Market 2017
By: Tony_Caldaro
The SPX started the holiday shortened week at 2351. The market opened higher on Tuesday, rallied to a new high at SPX 2367, then pulled back to 2358 on Wednesday. After opening at another new high, SPX 2368, on Thursday, the market pulled back to 2353 on Friday before ending the week at 2367. For the week the SPX/DOW gained 0.85%, and the NDX/NAZ gained 0.25%. Economic reports for the week were sparse and mostly positive. On the downtick: the WLEI plus weekly jobless claims rose. On the uptick: existing/new home sales, consumer sentiment and the FHFA housing index. Next week’s reports will be highlighted by the FED’s beige book, the ISMs and the Q4 GDP second estimate.
Friday, February 24, 2017
When the Stock Market Flying Pig Tops / Stock-Markets / Stock Market 2017
By: Gary_Tanashian
Flying Pig
Filed under the category ‘smartest group of subscribers in the world’, I got an email from NFTRH subscriber Joe F. last week as I was mechanically managing the gold market in my somewhat downplayed, unexciting way…
“You win 9 out of 10 [I don’t, actually], but I think the setup is there for gold to go immediately.”
For a writer of many words over many years, I can sometimes grunt out the most basic of responses…
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Friday, February 24, 2017
Another Stock Market Bubble? Bring it On! / Stock-Markets / Stock Market 2017
By: Clif_Droke
Anytime the Dow makes a new high you can be reasonably assured of hearing the B-word bounced around in the media. Memories of the last bubble are still vivid and painful enough to trigger flashbacks of the bubble's collapse. It's only natural then that investors fear a return of irrational exuberance. Despite these fears, the evidence of a newly formed bubble is surprisingly lacking, as we'll uncover here.
Friday, February 24, 2017
SPX Bounces at the Trendline Again / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX appears to have completed its Micro-Wave b at the trendline and now may be ascending to the final high. The Cycle top is now at 2375.46, so we may reasonably assume that SPX may go at least that high. The upper trendline is likely to be about 10 points higher, should it choose to go there. This rally is taking a long time to roll out.