Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Tuesday, July 27, 2010
Stock Market Breakout... / Stock-Markets / Stock Markets 2010
Trade Recommendations:
Buy shares of DIA at a limit of $105.26.
Buy shares of QQQQ at a limit of $46.44.
Buy shares of SPY at a limit of $111.56.
Tuesday, July 27, 2010
Stock Market Trending for Time Symmetrical Head and Shoulders Pattern with Fibonacci Support / Stock-Markets / Stock Markets 2010
It was another solid day for the DOW but I’m still trying to keep my positions light. If the right shoulder is to occur, I’ve got Friday or next Monday as potential turn days. The time between the 2007 high and the 2009 low is equal to the time between the March 2009 low and this Friday.
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Tuesday, July 27, 2010
Stock Market Rally Continues... / Stock-Markets / Stock Markets 2010
It also is putting distance away from 1099 down to 1092, which is very good news for the bulls. They certainly needed some breathing space and they got it for sure as the market churned near this 1100 area today, but eventually, and made sure the bears knew that it would have nothing to do with visiting sub-1100 again. The bears started to cover as the morning went on, and thus it was a day for the bulls. It's been a long time since the market got overbought on the short-term charts, but now we have those overbought conditions, which is a sign of health.
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Monday, July 26, 2010
China Shanghai Stocks Index, FXI ETF Extends Rally / Stock-Markets / Chinese Stock Market
The Shanghai Composite Index closed higher for the seventh consecutive session, and more importantly from a technical perspective closed above its (now flat) 50 DMA for the first time since mid-April. The strength extends the July rally, which could be morphing into a technically significant key monthly upside reversal.
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Monday, July 26, 2010
Stock Market 200Day Moving Averages, Hedge Funds Care, So Should You / Stock-Markets / Stock Markets 2010
Markets set asset prices. Markets determine how much your brokerage account, IRA, and 401(k) are worth. Hedge funds and large institutions drive markets. Therefore, it is prudent to know what large institutions and hedge funds care about and what they see in the current market. Right, wrong, or indifferent, hedge funds and large institutions monitor closely and care about 200-day moving averages.
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Monday, July 26, 2010
Stocks Search for Direction Post Bank Stress Tests / Stock-Markets / Stock Markets 2010
U.S. stocks rallied Friday, sending benchmark indexes to one month highs, after Genzyme, the largest maker of medicines for genetic diseases received a takeover approach from Sanofi Aventis boosting optimism for renewed surge in M&A activity given corporates are sitting on record piles of cash. General Electric also boosted its dividend by 20%. The euro appreciated after 84 of 91 European banks passed stress tests. Treasuries dropped. The Standard & Poor’s 500 Index climbed 0.8% to finish at 1,102.66 its first gain above 1,100 since June 22.
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Monday, July 26, 2010
European Stress Tests Results... / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
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Monday, July 26, 2010
China Stock Market Ready to Surge 50%: Part II / Stock-Markets / Chinese Stock Market
In last 3 months, Chinese market( Shanghai Composite) went through 27% correction. But, detailed analysis show that victims were mostly real estate developers and related stocks. Broader market weathered this correction quite swiftly correcting anywhere between 5-7% against 27%. And, now Shanghai Composite looks ready for major upside.
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Monday, July 26, 2010
Should the Bulls Expect a Massive Hangover After The Party? / Stock-Markets / Stock Markets 2010
Although the market had an impressive rally, amidst strong Large Cap earnings, I continue to fear a reversal to the downside. Keep in mind that the upside MAX objective's I gave out on July 14th last week here and on Kitco and other sites were as follows:
Nasdaq 2295; DOW 10450, and SP 500 1104-1115.
Monday, July 26, 2010
Why Second Quarter Corporate Earnings Haven’t Spurred a Stock Market Rally / Stock-Markets / Stock Markets 2010
Don Miller writes: Second quarter earnings season is in full swing on Wall Street and investors are keeping a close eye on corporate profits.
But rather than pinning their hopes on earnings for relief from the recent downturn in stocks, investors seem to be suffering from tunnel vision. They're ignoring numerous positive earnings reports and instead focusing on macro-economic trends to determine the day-to-day fate of the markets.
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Monday, July 26, 2010
Stocks Stuck in Trading Range Despite Positive Corporate Earnings Reports / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: Despite positive earnings reports last week from more than a few bellwether companies, stocks remain stuck in a trading range that continues to test investors' patience and skill.
Stocks launched higher last week in another round of the hyper-volatile action that has plagued the equity markets over the last three months. The good news is that some technical resistance was knocked out in the process, potentially setting the stage for a bigger rally in weeks to come.
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Monday, July 26, 2010
How To Be Positioned for SP500, Gold & Oil / Stock-Markets / Financial Markets 2010
The second half of last week we saw some strong price action in the equities market. The SP500 broke through the 5 and 50 day moving averages closing the week just under key resistance levels. The SP500 futures will find resistance at the June high $1099.25, $1100 which is whole number then at $1103 which is the 200 day moving average. Each of these are clumped together making it really just one solid area which sellers will be waiting to short the market.
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Sunday, July 25, 2010
Stocks, Commodities and Financial Markets, The Shape of Things to Come / Stock-Markets / Financial Markets 2010
"What a cruel thing is war: to separate and destroy families and friends, and mar the purest joys and happiness God has granted us in this world; to fill our hearts with hatred instead of love for our neighbors, and to devastate the fair face of this beautiful world" --- Robert E. Lee, letter to his wife, 1864
The special pay master, Kenneth R. Feinberg, let it be known that seventeen firms made “ill-advised” and “troublesome” payouts to their executives while they were receiving TARP funds. Altogether the payouts totaled US $1.6 billion and Mr. Feinberg added that the executives had no legal obligation to give the money back.
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Sunday, July 25, 2010
Mid 2010 Investment and Economic Thought / Stock-Markets / Financial Markets 2010
It was my mantra at the beginning of the year that long-term investors should stay in cash and wait for attractive buying opportunities to come along.
Price-earnings ratios are once again becoming attractive. While they may seem high and nowhere near lows that sparked past bull markets investors would be wise to begin putting together lists of favorite stocks and begin monitoring prices in anticipation of putting cash to work.
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Sunday, July 25, 2010
SP-500, GLD and GDX Investor Sentiment Trumps Everything / Stock-Markets / Stock Market Sentiment
Markets rise when the preponderance of participants are buyers, and fall when the preponderance of participants are sellers. One of the key ways to anticipate the pendulum swings of participant behavior, and therefore price behavior, is to evaluate sentiment. Sentiment, more than fundamentals or technical analysis, trumps everything.
When too many players are on the same side of a trade they eventually find themselves in a crowded position where most everyone around them has the same motivation – to reverse their position when the tide changes.
Sunday, July 25, 2010
Charting the Stock Market is Similar to Tracking a Squirrel Crossing a Busy Street / Stock-Markets / Stock Markets 2010
Glenn Holderreed of Quacera Capital Management and the QPM Radar sent me an email the other day describing the market:
"Charting this market is similar to tracking the moves of a squirrel crossing a busy street. Quickly moving to the middle, no better turn back, no, no, I can make it across, oh no I better go back, shucks I can make it across. Sometimes they make it, but many get flattened. I think there are a few flattened in this market."
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Sunday, July 25, 2010
Stocks Bull Markets Generate Economic Growth / Stock-Markets / Financial Markets 2010
The UK economy is booming! 1.1% growth for Q2 2010 annualises to 4.4%. The academic economists that populate the mainstream press were caught off guard again! with growth expectations ranging from 0.3% to 0.5%. As is usually the case the excuses button was pressed to try and mask the fact that they to all intents and purposes remain clueless on the direction of UK Economy with much press chatter focused on an non existant double dip recession.
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Sunday, July 25, 2010
Positive European Bank Stress Tests Sending Markets Higher / Stock-Markets / Financial Markets 2010
Hello Traders!!
Equity market was higher this week with S&P 500 up around 3.55%, and finished the week above resistance line connected from May 11th, 2010. At the same time the prices moved and closed above the 50 day SMA, for the first time since early May when S&P was falling from its highs. Technically the stocks market is now headed higher, towards the 1140 region, as we also pointed out in our past newsletter (U.S. Dollar And Stocks: “Market Psychology and Wave Structure").
Sunday, July 25, 2010
Positive European Bank Stress Tests Sending Markets Higher / Stock-Markets / Financial Markets 2010
Hello Traders!!
Equity market was higher this week with S&P 500 up around 3.55%, and finished the week above resistance line connected from May 11th, 2010. At the same time the prices moved and closed above the 50 day SMA, for the first time since early May when S&P was falling from its highs. Technically the stocks market is now headed higher, towards the 1140 region, as we also pointed out in our past newsletter (U.S. Dollar And Stocks: “Market Psychology and Wave Structure").
Saturday, July 24, 2010
No Dow Theory Stock Market Sell Signal / Stock-Markets / Dow Theory
On June 30th both the Industrials and the Transports closed below their June 7th lows. In doing so, anyone who had not already proclaimed a Dow theory “sell signal” seems to have done so at that time. I stated here in my last post, as well as in recent audio interviews, that I disagreed with anyone who has made such statements in regard to Dow theory. I have since received a number of questions asking me how so many people could be wrong about Dow theory and if my position has changed.
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