Category: Stock Market 2017
The analysis published under this category are as follows.
Thursday, January 26, 2017
Stock Market SP500 At New Record High, Will It Continue Even Higher? / 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, January 26, 2017
SPX Makes its Final Probe? / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX has spent 54 market days (83 calendar days) from its November 3 low. It appears that Wave [c] is impulsive and Wave [c] equals Wave [a] at 2305.50, so we have near equality in the final probe to the top.
This is a typical zigzag formation that I hope we have seen the last of. There is no short entry above the Cycle Top and trendline at 2291.27.
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Tuesday, January 24, 2017
Stock Market Three Peaks and a Domed House Pattern Revisited / Stock-Markets / Stock Market 2017
By: Ed_Carlson
The 3PDh pattern of 2014-2016 appears to have failed. After a textbook, five-wave pullback (first floor roof/points 15-20) in April-June 2016, the Dow shot up in a vertical fashion fulfilling Lindsay's description of the 2nd floor wall (points 20-21). That was followed by a small cupola or head-and-shoulders top with the supposed bull market top arriving on 8/15/16. The following sell-off should have reached the bottom of the Separating Decline (February lows) at a minimum. As we all know, rather than experiencing a bear market, the Dow found a low on Election Day and the rally to new bull market highs has been named the "Trump Bump". But appearances can be deceiving...
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Tuesday, January 24, 2017
Stock Market Still Vulnerable for a Pull Back / Stock-Markets / Stock Market 2017
By: Brad_Gudgeon
We are in TD 52 of the ten week cycle low due 50 TD’s 7.5 TD’s. The smaller 8/16 TD low is due ideally on January 25th, but could extend into January 27/31. The 27th has Venus squaring Saturn, which usually means a reversal bottom 2 TD’s. The new moon is due on the 28th.
The intermediate term still looks positive to me and should continue into the summer. There should be a period of weakness in Feb-Mar 2017, but overall, I doubt it will amount to much.
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Monday, January 23, 2017
Is Dow 20,000 a Bridge Too Far? / 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 is still possible before a reversal occurs.
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, January 22, 2017
Stock Market New Highs For 2017? Yes, But When Do I Enter? / Stock-Markets / Stock Market 2017
By: Chris_Vermeulen
When the SPX breaks out above its’ current resistance level, it will be the next leg up in this bull market. We are currently in a consolidation period. The SPX seems to be resting for now! The “Bollinger Bands Squeeze” is now taking hold and will result in a powerful move in either direction once broken. I do have a new BULLISH trigger for members to enter into during this amazing “melt up” that will only be shared with my ‘elite members’. I can assure you that you will want to be invested in this next BULLISH leg of the SPX!
Sunday, January 22, 2017
Active vs Passive Investing: And the Winner Is ... / Stock-Markets / Stock Market 2017
By: EWI
The chart below comes from a new report from our friends at Elliott Wave International.
It's as straightforward as it looks -- not much need for animation.
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Friday, January 20, 2017
Stock Market Down Day with Poor Technicals / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market indices had a tough session after opening with a gap up, and a strong surge on the Nasdaq 100, but the S&P 500 was barely able to move. They plunged sharply in the morning, bounced back midday, only to roll over again, making lower lows. At the end of the day, they did have a 5-wave comeback that pared back the losses, but still it was a down day.
Net on the day, the Dow was down 72.32 at 19,732.40. The S&P 500 was down 8.20 at 2263.69. The Nasdaq 100 was down 4.68 at 5051.17.
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Thursday, January 19, 2017
Stock Market Dow 20,000: A New Beginning...or The Beginning of The End? / Stock-Markets / Stock Market 2017
By: Clif_Droke
After touching the benchmark 20,000 level last month, the Dow Jones Industrial Average has spent the last five weeks in a tight, narrow trading range just under this level. Famed trader Jesse Livermore theorized in his pseudonymous book, Reminiscences of a Stock Operator, that stocks are attracted to major round number levels. In the case of the Dow, the 20,000 level has generated more press and speculation among investors than any number since the formerly mythical 10,000 level was crossed in 1999. Clearly Dow 20,000 carries a tremendous psychological significance, even if it's a simple case of self-fulfilling prophecy.
Thursday, January 19, 2017
Stock Market Interesting, Mixed Session / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market indices had an interesting, mixed session. A late rally on both the Nasdaq 100 and S&P 500 put them in the plus column, but the Dow did not get into the plus column, although it did come off the lows.
The day started out with a sharp pop to the upside, reaching 5058 Nasdaq 100, filling the gap from yesterday morning. The S&P 500 jumped as high as 2270 1/2, but couldn’t really get over yesterday’s high. The Nasdaq 100 was stronger today. They then pulled back midday, consolidated in wedges, and in the last hour, broke out and ran back up again.
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Thursday, January 19, 2017
Trump Inauguration Day Will Be a Big Turning Point in the Stock Market / Stock-Markets / Stock Market 2017
By: John_Mauldin
BY JARED DILLIAN : Was anybody here trading in 2003?
It was the year we invaded Iraq (regrettably). The markets were expecting a decisive victory. During the days and weeks when American troops advanced on Baghdad, the market climbed. As they entered Baghdad and marched on the center of the city, the market traded higher and higher.
Finally, American troops fastened a rope around the neck of Saddam Hussein’s statue and attached the other end to a tank. The world watched on television as the tank backed down and toppled the statue.
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Tuesday, January 17, 2017
Stock Market Uptrend on Borrowed Time / 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 is still possible before a reversal occurs.
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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Tuesday, January 17, 2017
US Stock Market Update as the Trump Inauguration Approaches / Stock-Markets / Stock Market 2017
By: The_Gold_Report
Technical analyst Clive Maund forecasts a stock market "swoon" in light of the impending inauguration of Donald Trump.
The election of Donald Trump sparked a rally in the broad stock market, which has continued up to the present. According to the laws of reverse (inverse) logic that rule the markets, his inauguration as President is likely to trigger a swoon, and as we will shortly see, there are other compelling technical reasons for the market to drop back soon. It is worth noting that selling might start kicking in before the inauguration.
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Tuesday, January 17, 2017
Stock Market Inauguration Day Selling? / Stock-Markets / Stock Market 2017
By: Brad_Gudgeon
Last time I wrote, I discussed the possibility of a Friday the 13th sell-off. Did I really believe it would happen? Actually, the odds were better for a January 20th sell-off based on the planets and dragonfly candle stick pattern we saw on 1/12 than the 13th.
What I was pointing out was the 10 week cycle low pattern ( 6 or 7 TD's from 50 TD's) and daily Bollinger Band squeeze alone. Now we have Mars Sq. Saturn 1/19 and the Sun/Jupiter lines crossing on 1/18. On 1/23 we have Mercury sextiling Neptune. That day should be very positive!
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Sunday, January 15, 2017
Cycles Call for Stock Market High this Week / Stock-Markets / Stock Market 2017
By: Ed_Carlson
A Middle Section forecast from the Basic Cycle (chart) points to a high on Monday and Lindsay’s 222-day interval points to a change in trend this week – but no confirming Middle Section forecast is found from the Multiple Cycle. This is not expected to be a significant high.
Cycles, however, may be the missing link. A two month cycle high is due near 1/20/17. A monthly cycle high is due this Tuesday and a six month cycle high is due in late January.
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Sunday, January 15, 2017
Is A Stock Market Correction Looming? / Stock-Markets / Stock Market 2017
By: InvestingHaven
All stock market indexes in the U.S. reached all-time highs in the last couple of weeks. It is interesting to observe how diverse opinions have become. Stock forecasters are now even more bullish, while bears are more convinced that a stock market crash is around the corner.
According to MarketWatch, Brian Belski, chief investment strategist at BMO Capital Markets, confirmed the above viewpoint. He says his clients believe”the stock market is set for a meaningful correction.” CNBC mentioned a leading market strategist who suggests a stock market correction is near because the Trump rally is fading.
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Saturday, January 14, 2017
Stock Market Patterns & Cycles Pointing to SPX 2300 by Month End / Stock-Markets / Stock Market 2017
By: Jack_Steiman
Since I am a "pattern geek," what is the Emini S&P 500 pattern whispering to us now? That all of the action off of the new all-time high at 2278.25 established on December 13 -- exactly one month ago -- is taking the form of a Bullish Coil Formation, which the vast majority of the time represents a digestion period prior to continuation in the direction of the underlying trend (up).
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Saturday, January 14, 2017
SPX Stocks Bull Market Update / Stock-Markets / Stock Market 2017
By: Tony_Caldaro
The market started the week at SPX 2177. After a quiet session Monday the market inched up to SPX 2279 by Tuesday. Then Wednesday and Thursday the SPX declined to 2254. After that low the market rallied back to SPX 2279 on Friday and ended the week at 2275. For the week the SPX/DOW lost 0.25%, and the NDX/NAZ gained 1.0%. Economic reports for the week were positive. On the downtick: import prices, consumer sentiment, Q4 GDP est., plus weekly jobless claims rose. On the uptick: consumer credit, business/wholesale inventories, export prices, the PPI, retail sales, and the WLEI. Next week’s economic highlights include: industrial production, the FED’s beige book, and the NY/Philly FED.
Friday, January 13, 2017
SPX May Have Completed Wave 2 / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
It appears as if the SPX has made an impulse from its top. This is very tight, but a decline beneath 2270 would give us some comfort with that call. This appears to be a repeat of where we were last Friday with a potential aggressive short entry. Some Elliotticians look for this type of entry, since it also puts a limit on losses when wrong.
Thursday, January 12, 2017
SPX has Fallen Beneath the Trendline / Stock-Markets / Stock Market 2017
By: Anthony_Cherniawski
SPX has declined beneath the trendline, putting it on an “aggressive sell.” A confirmed sell may be had beneath the 2-hour mid-Cycle support at 2247.13 and a breakout above the 50-day Moving Average on the VIX.
ZeroHedge comments, “Despite the latest Small Business Optimism explosion of confidence (in December), the most up-to-date surveys of US consumer confidence appear to be crumbling after the 'Trump Bump'...
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