Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Thursday, July 29, 2010
UltraShort Real Estate SRS ETF Tests Resistance / Stock-Markets / Housing Stocks
With the equity market under pressure, the UltraShort Real Estate ProShares (NYSE: SRS) is rallying off of its three-day support plateau at 22.75, which has propelled the ETF above near-term resistance at 23.80, towards a possible confrontation with its July down trendline, now at 25.15.
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Thursday, July 29, 2010
Stock Market Seasonality – The Good and the Bad! / Stock-Markets / Seasonal Trends
Why should you care about what I might say about the market’s seasonality?My research firm, Asset Management Research Corp., has been engaged in extensive research on the market’s seasonality for more than two decades. In 1999 I wrote a book Riding the Bear – How to Prosper in the Coming Bear Market.
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Thursday, July 29, 2010
Jobless Economic Recoveries and Stock Market Performance / Stock-Markets / Stock Markets 2010
We are all familiar with the common expression, markets do not like surprises. As it relates to the current state of the labor markets, the number of Americans filing first-time claims for unemployment insurance came in at 457,000 last week, which has again brought out comments from the media like “a figure that signals the labor market will be slow to improve even as the economy grows”. Is slow employment growth a surprise to anyone? Expectations from almost all quarters call for slow improvement in the labor markets and persistently high unemployment. In fact, John C. Williams of the San Francisco Fed said yesterday:
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Thursday, July 29, 2010
What Makes a Frustrating Stock Market? / Stock-Markets / Stock Markets 2010
The S&P 500 is turning out to be a conundrum for many professionals and home traders alike. The conflicting information on good earnings, high unemployment, and other factors continue to batter the market. One moment the SP500 is heading for the stars and the next, it's heading to the cellar.
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Thursday, July 29, 2010
Is the Stock Market Topping Again? / Stock-Markets / Stock Markets 2010
Here at TMTF, I enjoy making controversial calls based on Human Behavioral topping and bottoming patterns, often referred to as Elliott Wave Theory. This is a difficult pattern recognition model to follow as there can be numerous interpretations. Instead, I look for additional clues like sentiment indicators, a few traditional technical indicators, headlines in the news and covers of papers etc.
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Thursday, July 29, 2010
An Corporate Earnings Feast to Digest / Stock-Markets / Stock Markets 2010
Risk assets spent the US trading day on the defensive Wednesday , despite constructive earnings releases, with US equities falling 0.6% and European indices declining up to 0.9%. The Fed’s Beige Book, which noted that “economic activity had continued to increase on balance,” but that manufacturing “slowed or levelled off,” set the tone for the afternoon session, with much of the drop in US equities and bond yields occurring around the time of its 2PM EDT release. The main US economic data release for the day, June durable goods orders, printed below expectations on the headline but with very solid readings on core capital goods orders and shipments.
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Thursday, July 29, 2010
Stock Market Balancing on a Knife Edge... / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
Daily Trend Indications:
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Thursday, July 29, 2010
History Gives a Reason to Be Hopeful about U.S. Stocks / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: Volatility has hamstrung U.S. stocks recently, but history suggests there's a reason for hope on the horizon.
The past week and a half has been a welcome reprieve from the extreme volatility we've seen over the past few months. There have been no fewer than 19 days this year in which up or down volume has accounted for more than 90% of total volume.
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Thursday, July 29, 2010
How to Pick Stocks in the ‘New Normal’ Economy / Stock-Markets / Investing 2010
Shah Gilani writes: In today's potentially ultra-slow-growth "New Normal" economy, old stock market multiples do not apply.
In fact, investors who rely on long-held rules about Price/Earnings (P/E) ratios when they buy and sell stocks are risking a pretty big "haircut:" They may be overvaluing some of their stocks - and the stock market in general - by 17% to 20%.
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Thursday, July 29, 2010
Financials, Oil and Gold on the Move / Stock-Markets / Financial Markets 2010
Most traders I have been talking with are feeling the same thing. Something big is brewing for the equities market but most do not want to get heavily involved until there is a clear direction. The broad market has been consolidating for almost 3 months and it’s important to remember that the larger the consolidation the bigger the move.
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Thursday, July 29, 2010
Stock Market Distinct Four-Wave Decline / Stock-Markets / Stock Markets 2010
The stock market indices suffered a down day today, and although they started with a brief flurry to the upside, that was about it. They sold off quickly in the morning, tested support and bounced and then consolidated, with the S&P 500 acting a bit better than the Nasdaq 100. But with Apple (AAPL) under pressure today, Nasdaq led the way down as they resumed their sell-off in the afternoon when they broke through the neckline support around the 1800 area on the NDX and 1108 on the SPX.
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Thursday, July 29, 2010
Stock Market 60's Unwinding...Economy Stinks.... / Stock-Markets / Stock Markets 2010
There's a little twist for a title. No matter what these CEO's tell you, the economy has hit the wall. The FOMC Minutes came out today, and they didn't paint a pretty picture at all. It showed how things are slowing down, and that there really isn't too much economic activity, or life, going on out there these past few months. It's scary because this earnings quarter brought about a lot of company's saying things were so good that we're raising guidance. Ouch!! Raising guidance just as things are hitting a stone wall doesn't seem like the best of timing.
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Wednesday, July 28, 2010
Seeing the Good and Bad in Latin America Investing / Stock-Markets / Emerging Markets
Global Strategist Jack Dzierwa is just back from an extensive research trip across Latin America. In addition to checking on agricultural prospects in Brazil (detailed here: Brazil Feeds the World), Jack traveled to Chile and Argentina. There he found two very different stories – one good, the other not.
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Wednesday, July 28, 2010
Banks Find A Bid After Basel Watered Down / Stock-Markets / Stock Markets 2010
Another solid session for US markets as they closed up circa 1% buoyed by June new home sales which surged 23.6% mom, more than fully offsetting downward revisions for May to hit 330k, beating the Street consensus forecast by 20k and marking one of the few constructive US releases in the last month. The housing numbers dominated the news, easily eclipsing a weak Dallas Fed manufacturing index.
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Wednesday, July 28, 2010
Consumers Lack Confidence? / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
Daily Trend Indications:
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Wednesday, July 28, 2010
Profit From the Global Thirst for Clean Water / Stock-Markets / Water Sector
About the same time I was traipsing around Singapore last month, around 14,000 of the world’s top business, academic, and government experts from 85 countries gathered in Singapore to learn the newest water-technology developments at the Singapore International Water Week 2010 conference.
The global economy may be filled with uncertainly, but the world’s thirst for water is growing like mad. FACT: A total of $2.8 BILLION worth of water infrastructure deals were concluded at the Singapore conference.
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Wednesday, July 28, 2010
Stocks Mixed, Consolidation Session / Stock-Markets / Stock Markets 2010
The stock market indices started out with a bang, gapping up and running to new rally highs that touched 1900 on the Nasdaq 100 and near 1121 on the S&P 500. They then had a strong 3-wave sell-off after the Consumer Confidence Index came out negatively, dropping to 1880 on the NDX and 1110 on the SPX.
They bounced, took back about 50% of the losses, and then retested. When that was successful, they managed to firm up in the afternoon, but in the last half hour they pulled back once again and closed narrowly mixed on the session.
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Wednesday, July 28, 2010
Stock Market Quiet Day At Overbought... / Stock-Markets / Stock Markets 2010
When a market gets overbought on the short-term charts or those 60-minute charts, it's important to allow them to unwind out of overbought. The key to that unwinding is how much price erosion takes place. If it's more intense or impulsive in either price, or the oscillators, that would be a small red flag to keep an eye on. However, if the move down is basically done with little price erosion and just your normal oscillator unwinding, then that's far more positive and clearly what we had take place today. Sideways or down side action would be best in unwinding things further, but there's no guarantee we'd get too much more since the bulls are trying very hard to keep this market as far away from retesting 1099 as possible.
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Tuesday, July 27, 2010
Trap Like Pattern in VIX / Stock-Markets / Volatility
We have to be impressed with the market's resiliency today after hitting new recovery highs, because weakness thereafter has been very much contained, at least so far. That said, however, I am "concerned" about the "trap-like" pattern that has developed in the hourly Volality Index (VIX). Let's notice that the VIX made multi-month lows this morning at 22.70, but has since climbed back above 23.20, which so far has "trapped" VIX bears (SPX bulls).
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Tuesday, July 27, 2010
Stock Market Take-Off Tuesday Already? / Stock-Markets / Stock Markets 2010
Wow, this market goes from zero to sixty in record time, doesn’t it?
Our 1,013 mark (see yesterday’s post for charts) was tested and broken on the S&P yesterday (see David Fry’s chart) on a silly stick save into the close but, seeing that, it was very obvious that "they" are looking to paint some impressive moves on the charts this week so strap yourselves in - it’s going to be a wild one.