Category: Stock Markets 2018
The analysis published under this category are as follows.Monday, August 20, 2018
Stocks Get Closer to January's Record High, What's Next? / Stock-Markets / Stock Markets 2018
Stocks were little changed on Friday, as investors hesitated following Wednesday-Thursday's S&P 500's advance off support level of 2,800. Will the S&P 500 index continue towards its late January's record high? Or is this just an upward correction before another leg down?
The U.S. stock market indexes gained 0.1-0.4% on Friday, extending their short-term consolidation on Friday, as investors hesitated following the recent advance. The S&P 500 index closed at 2,850 mark and it is currently just 0.8% below the January's 26th record high of 2,872.87. The Dow Jones Industrial Average gained 0.4% and the technology Nasdaq Composite gained just 0.1% on Friday.
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Sunday, August 19, 2018
Stock Market Challenging Recent High / Stock-Markets / Stock Markets 2018
Current Position of the Market
SPX: Long-term trend – The bull market is continuing with a top expected in the low 3000s.
Intermediate trend – A new correction has started. More time is needed to determine its extent and duration.
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 discusses the course of longer market trends.
Sunday, August 19, 2018
Heavy Truck Sales Sending a Bullish Sign for Stock Market / Stock-Markets / Stock Markets 2018
As you probably already now, Heavy Truck Sales recently made a new high for this economic expansion.
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Friday, August 17, 2018
Is the US Dollar About to Trigger a Stock Market Meltdown? / Stock-Markets / Stock Markets 2018
One of the greatest Fed gaffes in history was former Fed Chair Ben Bernanke’s 2007 claim that the subprime meltdown was “contained” and would not “seriously hurt the economy.”
What followed was the 2008-Crisis… the largest, most systemic crisis in 80 years.
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Thursday, August 16, 2018
Stock Market Higher Again, Correction Over? / Stock-Markets / Stock Markets 2018
Stocks continued lower yesterday, as investors' sentiment worsened following the Turkey crisis, trade war fears, U.S. dollar rally. Will the S&P 500 index break below 2,800 mark? Or is this some bottoming pattern before an upward reversal?
The U.S. stock market indexes lost between 0.6% and 1.2% on Wednesday, extending their short-term downtrend, as investors' sentiment further worsened. The S&P 500 index got very close to the level of 2,800 before bouncing off that support level. It currently trades 1.9% below the January's 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.6% and the technology Nasdaq Composite lost 1.2% on Wednesday.
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Monday, August 13, 2018
Dow Stock Market Trend Forecast 2018 - Video / Stock-Markets / Stock Markets 2018
This is the 7th and final part of my stock market in-depth analysis that will conclude in a detailed trend forecast for the whole of the remainder of 2018.
The whole of this analysis and concluding trend forecast was first made available to Patrons who support my work. So to get immediate First Access to ALL of my analysis and future trend forecasts then do consider becoming a Patron by supporting my work for as little as just $3 per month. https://www.patreon.com/Nadeem_Walayat.
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Monday, August 13, 2018
Stock Market Downtrend to Continue? / Stock-Markets / Stock Markets 2018
Stocks were declining on Friday, as investors reacted to the Turkey financial crisis, among other factors. The market reversed lower following global stock markets' rout. Will uptrend reverse or is this just a downward correction before another leg up?
The U.S. stock market indexes lost 0.7-0.8% on Friday, retracing some of their early August advance, as investors reacted to global stock markets' rout. The S&P 500 index broke below its relatively narrow three-day-long trading range following bouncing off the resistance level of around 2,860-2,865. It currently trades 1.4% below the January's 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.8% and the technology Nasdaq Composite lost 0.7% on Friday.
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Monday, August 13, 2018
More Signs That the Stock Market Will Rally Until 2019 / Stock-Markets / Stock Markets 2018
The S&P 500 is right under all-time highs. An upside breakout in the next few weeks/months is very likely.
Based on where the Medium-Long Term Model is right now and the rate at which data is progressing, this bull market probably has 1 year left. Over the past week we have seen a few more signs that the stock market will probably make an important top somewhere in mid-2019.
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Monday, August 13, 2018
New Stock Market Correction Underway / Stock-Markets / Stock Markets 2018
Current Position of the Market
SPX: Long-term trend – The bull market is continuing with a top expected in the low 3000s.
Intermediate trend – A new correction has started. More time is needed to determine its extent.
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 discusses the course of longer market trends.
Monday, August 13, 2018
Turkey Is Simply Noise As The U.S. Market Pulls Back Before Rallying To New Highs / Stock-Markets / Stock Markets 2018
Every week the market provides us another example of the intellectual dishonesty in believing the substance of any news event was the “cause” of a market move. And, if you cannot yet see that on your own, I will explain it a bit further below.
While everyone has been so concerned about the evil trade wars that were supposedly going to topple the US markets, we have been rallying in the face of this latest evil. In doing so, the market provided us with yet another reason it was supposed to have tanked, but, instead, continued to rally. We can add this to Brexit, Grexit, terrorist attacks, rising interest rates, North Korea, Trump, cessation of quantitative easing, and the myriad of other reasons the market was supposed to crash and burn over the last 3 years as we have rallied strongly.
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Monday, August 13, 2018
Stock Market Dow Analysis / Stock-Markets / Stock Markets 2018
Latest Price – 25313
Previous analysis updated – price as traded as outlined in analysis produced in June.
Pattern – we can see price has rallied nicely in July and I expect some further upside ahead. This is all part of the consolidation that I believe is still in motion. There is a full moon on the 26th August so that is some potential timing for a high. If not, the new moon on the 9th September is another potential timing target. Given the human body is composed of around 60% water and the moon affects the tides, then it should not come as a surprise that the moon is related to the stock market as the chart is just a picture of human behaviour. Just ask any hospital surgeon who will confirm that a surge in patients always occurs on a full moon and that same type of euphoria that causes revellers to hurt themselves on a high can be said of stock market players.
Sunday, August 12, 2018
Stock Market US Presidential Cycle, Seasonal Analysis and Economy - Video / Stock-Markets / Stock Markets 2018
This is part 6 of my 7 part stock market in-depth analysis to conclude in a detailed trend forecast which takes a look at the the US Presidential Cycle, Seasonal analysis and economic fundamentals expected impact on the stock market.
The whole of this analysis that includes my detailed trend forecast was first made available to Patrons who support my work. To get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for as little as just $3 per month. https://www.patreon.com/Nadeem_Walayat.
Saturday, August 11, 2018
Yield Curve Inversion and the Stock Market - Video / Stock-Markets / Stock Markets 2018
This is part 5 of 7 of my stock market in-depth analysis to conclude in a detailed trend forecast for the whole of the remainder of 2018.
The whole of this analysis that including my detailed trend forecast was first made available to Patrons who support my work. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for as little as just $3 per month. https://www.patreon.com/Nadeem_Walayat.
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Saturday, August 11, 2018
Stock Market Momentum Divergences Flashing Warnings Signs for QQQ & FAANG Stocks / Stock-Markets / Stock Markets 2018
Last evening, a member of ours at MPTrader posted the following question: "Mike, how do you feel about the weekly/monthly index charts and the implied weaker momentum on this rally?"
In answer to his question, I will use two QQQ charts: my nearer-term, 4-hour candle chart that shows the April-August uptrend, and my big-picture, weekly chart that shows all of the QQQ action since the major low in February 2016, from where the ongoing intermediate-term upleg commenced.
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Saturday, August 11, 2018
Big US Stocks’ Q2’18 Fundamentals / Stock-Markets / Stock Markets 2018
The mega-cap stocks that dominate the US markets are just finishing another monster earnings season. It wasn’t just profits that soared under Republicans’ big corporate tax cuts, but sales surged too. That’s no mean feat for massive mature companies, but sustained growth at this torrid pace is impossible. So peak-earnings fears continue to mount while valuations shoot even higher into dangerous bubble territory.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs contain the best fundamental data available to investors and speculators. They dispel all the sentimental distortions inevitably surrounding prevailing stock-price levels, revealing the underlying hard fundamental realities.
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Friday, August 10, 2018
Dow Stock Market Trend Forecast 2018 / Stock-Markets / Stock Markets 2018
This is the eighth and final part of my stock market in-depth analysis that concludes in a detailed trend forecast for the remainder of 2018.
- Part 1 - Trumponomics Stock Market 2018 - The Manchurian President
- Part 2 - The Inflationary Exponential Stocks Bull Market
- Part 3 - Dow Stock Market Elliott Wave Analysis
- Part 4 - Stock Market Trend and Volatility Analysis
- Part 5 - Yield Curve Inversion and the Stock Market
- Part 6 - Stock Market US Presidential Cycle and Seasonal Analysis
- Part 7 - US Economic Fundamentals and the Stock Market
The whole of this analysis and concluding trend forecast was first made available to Patrons who support my analysis. To get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for as little as just $3 per month. https://www.patreon.com/Nadeem_Walayat.
Friday, August 10, 2018
SPX Testing Its First Support Level / Stock-Markets / Stock Markets 2018
SPX futures appear to have visited Shot-term support at 2833.27 this morning, but haven’t put up a challenge, yet. The sideways consolidation is over without making a new high. Now we must establish that a new downtrend has taken hold. All the Cyclical indicators say that the rally is over.
ZeroHedge reports, “For once it's not about trade wars... but the alternative is hardly better.
European stocks tumbled most in a month, following Asian shares lower following contagion fears that Turkey’s economic problems will spill over into the euro zone and beyond. The Euro sank, while the safe haven dollar advanced alongside Treasuries, with the 10Y back under 2.90%. The Turkish Lira initially plunged and fell 45 big figures, with the USDTRY hitting a record high of 6.3005, or up more than 11%, before holding below 6.0 for the bulk of the session.”
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Friday, August 10, 2018
NASDAQ Up 8 Days in a Row. What this means for Stocks / Stock-Markets / Stock Markets 2018
The NASDAQ has gone up for 8 days in a row for the first time since October 2017. Some people see this as “exuberance has returned to the stock market, particularly in the tech sector”. It isn’t.
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Friday, August 10, 2018
More Uncertainty as Stocks Got Closer to January Record High / Stock-Markets / Stock Markets 2018
Stocks were virtually flat on Wednesday, as investors took short-term profits off the table following the recent advance. Will the S&P 500 index continue its bull-run above the January record high of 2,872.87? Or is this some short-term topping pattern before a downward reversal?
The U.S. stock market indexes were mixed between -0.2% and +0.1% on Wednesday, as investors hesitated following the recent advance. The S&P 500 index remains above the level of 2,850 and it currently trades just 0.5% below the January's 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.2% and the technology Nasdaq Composite gained 0.1% yesterday.
Thursday, August 09, 2018
Ignore the Stock Market “midterm election year”, Which is “supposed” to be Weak / Stock-Markets / Stock Markets 2018
October 2017 – September 2018 (i.e. this year) is the 2nd year of the “presidential cycle”, also known as the midterm election year.
According to conventional seasonality, the midterm election year is “supposed” to be weak (bearish).
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