Category: Stock Market 2017
The analysis published under this category are as follows.
Thursday, February 02, 2017
Stock Market More Fluctuations Following Monday's Move Down - Which Direction Next? / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).
Our intraday outlook remains 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, February 02, 2017
NDX Closes in Plus Column as Market has Interesting Day / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market indices had an interesting, volatile day. The day started out with a big gap at the opening, had a very sharp, pullback retest midmorning, then a 5-wave advance that was much stronger on the Nasdaq 100 than the S&P 500, they pulled back, bounced around, held support, and closed positive on the Nasdaq 100, but the S&P 500 closed flat on the day.
Net on the day, the Dow was up 27.86 at 19,890.87. The S&P 500 bounced off the 2272 level to 2282, and closed up just .68 at 2279.55. The Nasdaq 100 went from 5130 to 5159, and close up 35.92 at 5152.69.
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Wednesday, February 01, 2017
Stock Market Retracement Retreats at the Trendline / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX retraced 65% of its decline, a reasonable bounce, before retreating back toward its opening price. Filling this morning’s gap give SPX permission to decline even further. That may not happen until later this afternoon. My best analysis is that SPX may level off in a 2-hour consolidation until early afternoon. However, a decline beneath Short-term support at 2277.08 may put SPX in a position to challenge (and possibly defeat) Intermediate-term support at 2268.40.
Wednesday, February 01, 2017
Stock Market Highs Make Strong Case for Precious Metal Buys / Stock-Markets / Stock Market 2017
By: MoneyMetals
Dow 20,000 was ushered in with great fanfare. Traders on the New York Stock Exchange sported "Dow 20,000" hats. Even President Donald Trump joined the celebration.
Trump told ABC News he was "very honored" that the stock market gave his presidency a symbolic vote of confidence. "Now we have to go up, up, up. We don't want it to stay there," he said.
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Wednesday, February 01, 2017
Stock Market Long Cold Winter / Stock-Markets / Stock Market 2017
By: Ed_Carlson
It appears that equity indices have printed their highs for the post-election rally. However, that doesn't necessarily mean that the correction must begin immediately. Cycles and Lindsay analysis point to a final high closer to February 10. The correction has the potential to be fairly painful as the low is not expected until closer to March 21 and springtime. The Lindsay analysis is as follows:
Point E on 3/27/01 of an ascending middle section counts 2,901 days to the low of the multiple cycle on 3/6/09. 2,901 days later is Monday, 2/13/17.
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Tuesday, January 31, 2017
Stock Market 4% Drop Ahead: Down into February 6? / Stock-Markets / Stock Market 2017
By: Brad_Gudgeon
The chart below explains why I now believe we drop down into February 6th to the 2202 SPX level. The next few days may be choppy as we form a bear flag around the rising trend line. SoLunar turn days ahead include Jan 31, Feb 2, Feb 4-7 and Feb 10. Mercury squares Uranus on Jan 31, and Jupiter on Feb 2.
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Tuesday, January 31, 2017
Stock Market Major Inflection Point Coming / Stock-Markets / Stock Market 2017
By: John_Rubino
Fund manager John Hussman is always good for dramatic charts. Here’s a recent one:
Tuesday, January 31, 2017
Stocks Bear Market of 2017 Begins? Shorting the Dow At its Peak! / Stock-Markets / Stock Market 2017
By: Nadeem_Walayat
This is a quick heads up for what could prove turn out to be the start of the stocks bear market of 2017. Those who have followed my analysis will know that after having ridden the bull for nearly 8 years, that following the election of Trump and the resulting rally right to the very edge of Dow 20k, that I concluded early December that it was the time to start distributing stocks holdings accumulated during the life time of the of the bull market, specifically seeking to reduce my stocks portfolio holdings by at least 50% as the Trump Reset looked set to soon usher in a bleak period for stock prices for much of 2017.
Monday, January 30, 2017
Don't Count on the Great Stock Market Rotation 2017 / Stock-Markets / Stock Market 2017
By: Michael_Pento
After many false promises and one false start, it is becoming evident that 2017 will be the year the Federal Reserve finally begins down the road towards interest rate normalization. Therefore, it is likely that Ms. Yellen will cause bond yields to rise this year on the short-end of the yield curve. In addition, soaring debt and deficits, along with the lack of central bank bond-buying, should send long-term rates much higher as well.
Wall Street soothsayers, who viewed every Fed rate cut as a buying opportunity for stocks, are now busily assuring investors that the potential dramatic and protracted move higher in bond yields will be bullish for stocks as well.
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Monday, January 30, 2017
Aggressive Stock Market Sell Signals / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX made an 8.68 point gap down this morning and continued its decline to challenge Short-term support and the 2-hoour mid-Cycle support at 2268.22. Those that “took a chance” of that happening by going short last week may breathe a sigh of relief.
SPX has an aggressive sell signal that is not yet verified by the VIX. However, the decline is sharp and steady. Additional confirmation comes beneath the mid-cycle support.
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Monday, January 30, 2017
SPX Futures Down, TNX down, USD up / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
Good Morning!
SPX futures are down beneath the Cycle Top support and Trendline support this morning. SPX is on a countdown for a potential low on Wednesday. An extension of the decline may come, depending on the actions of the FOMC.
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Monday, January 30, 2017
Stock Market Negative Expectations Following Last Week's Rally / Stock-Markets / Stock Market 2017
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).
Our intraday outlook remains 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
Monday, January 30, 2017
Stock Market SPX 1810 Low Projection Met / Stock-Markets / Stock Market 2017
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: If the market strength persists, the long-term trend may need to be re-evaluated.
SPX Intermediate trend: SPX intermediate P&F count to 2300 has been reached. A reversal should now occur.
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, January 28, 2017
More Upside Ahead for S&P 500 After Pivot Off Support / Stock-Markets / Stock Market 2017
By: Mike_Paulenoff
In my January 13 Wrap, I included a chart on the Emini S&P 500 (ES) showing a bullish coil formation pointing to a target zone of 2300/10.
On Thursday of this week, the ES reached a new high of 2299.50 before pulling back.
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Saturday, January 28, 2017
SPX Uptrend Extension May be Underway / Stock-Markets / Stock Market 2017
By: Tony_Caldaro
The market started this record week at SPX 2271. After a pullback to SPX 2257 on Monday the market rallied to all-time highs at SPX 2301 by Thursday morning. Then a pullback ended the week at SPX 2295. For the week the SPX/DOW gained 1.15%, and the NDX/NAZ gained 2.0%. On the economic front reports came in even. On the downtick: existing/new home sales, durable goods orders, Q4 GDP, plus weekly jobless claims rose. On the uptick: the FHFA, leading indicators, consumer sentiment, the WLEI, and the final Q4 GDP estimate. Next week is quite a busy one on the economic front, highlighted by the FOMC meeting, monthly payrolls and the PCE. Best to your weekend and week!
Saturday, January 28, 2017
Stock Market Long Awaited 4% Pullback May Be Close / Stock-Markets / Stock Market 2017
By: Brad_Gudgeon
Last time I wrote, I said that a 10-week bottom was close and could come as late January 31. Venus square Saturn (today) has a variance of 2 TD’s, the ten-week low can come as late as January 31 and the 16 TD low can come as late as +4 or 20 TD’s (January 31).
The odds are high in my book for a big down draft on Monday into Tuesday next week. My target is 2205 on the S&P 500 (we’ll see) Tuesday. There are positive astros for a peak on Feb 10 with Mercury sextile Venus. If we drop hard over the next 2 trading days, the pattern would suggest a strong rebound rally to new highs by then, likely somewhere in the 2310’s.
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Saturday, January 28, 2017
SPX Support May be Broken / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX appears to be testing its Orthodox Broadening top trendline at 2293.00. It is trading in a narrower and narrower band that is only two points wide in the past hour. I expect it to break soon. The break would be an aggressive sell signal, not confirmed by the VIX or the Hi-Lo.
The daily Cycle top support, which appears to be broken is at 2293.32.
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Friday, January 27, 2017
USD rebound cut short. SPX Flat / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
Good Morning!
The overnight bounce in USD futures was stymied by the Durable Goods hard data that crushed the hopes of a rebound. A Wave [iii] may have begun.
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Friday, January 27, 2017
Stock Market Mixed Session / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market indices had a mixed session today. The day started off with a pop to the upside to new all-time highs, and then they pulled back down to retest successfully, particularly on the S&P 500 and the Nasdaq 100. By midday they reached their lows and tried to rally in the afternoon, but unfortunately, they were not able to break out, and pulled back into the close.
Net on the day, the Dow was up 32.46 at 20,100.91, 25 points off the all-time high. The S&P 500 was down 1.69 at 2296.68, 23 points off its all-time high. The Nasdaq 100 was up 5.45 at 5156.92, 12 points off its high.
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Thursday, January 26, 2017
When Did The Fed Start Buying Stocks? - Indications Are When 'Taper' Ended! / Stock-Markets / Stock Market 2017
By: Gordon_T_Long
We see the forensic "finger prints" all over the economic and financial data that the Federal Reserve through a proxy likely Citadel Capital (or the Fed's CBOE Volume Options Agreement) has highly likely been buying the US equity market since its QE 3 "TAPER" ended in October 2014. We do know for a fact that the BOJ, SNB, PBOC, Norwegian and other central banks have been doing this as matter of normal monetary policy for some time and that 80% of all these central banks said they plan on buying more stocks this year. Why not the Federal Reserve? To see the forensic economic evidence more clearly, consider the following US indicators: