Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Wednesday, June 02, 2010
No Stock Market Bottom in Sight, Bear Market Forces Gathering Strength / Stock-Markets / Stocks Bear Market
"The National Government will regard it as it’s first and foremost duty to revive in the nation the spirit of unity and cooperation. It will preserve and defend those basic principles on which our nation has been built. It regards Christianity as the foundation of our national morality, and the family as the basis of national life."-- Adolph Hitler, My New World Order, Proclamation to the German Nation at Berlin, February 1, 1933
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Wednesday, June 02, 2010
Stock Market Gap Down Filled But Action Still Weak Overall.....Poor A/D Line / Stock-Markets / Stock Markets 2010
One thing the bears need to do to gain solid control of this market is to get a back-test gap failure off the 200-day exponential moving average which occurred today at the open. The only problem for the bears is the gap, instead of running lower, filled fairly quickly thus there is now still no open gap below that back test which if it did exist, would make the job of the bulls more than difficult in getting that 200-day back. A gap down failure off a back test can often be death for the bulls if they can't fill it immediately.
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Wednesday, June 02, 2010
GOLD:CRB The Most Important Chart / Stock-Markets / Financial Markets 2010
Right now, in my view, the chart below is the most important chart in the book. It is a distilled proxy for investor confidence, world-wide, in the integrity of the financial system.The ratio of the gold price to the commodities index can be found at http://stockcharts.com/h-sc/ui , courtesy stockcharts.com. When the chart comes up on your screen, enter the following in the space marked “symbol” $GOLD:$CRB
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Wednesday, June 02, 2010
Adapting to Systemic Dysfunction, Every Investment is a Pure Gamble -PERIOD / Stock-Markets / Financial Markets 2010
Same As It Ever Was With the possible exception of Black Swan events, and beyond the amplification and speed with which share prices can persistently collapse following negative episodes of such, there is no difference in navigating markets now (amidst a heightened state of systemic dysfunction) relative to doing so at any other point in market history.
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Tuesday, June 01, 2010
Stock Market Technical Update: What’s Next? / Stock-Markets / Stocks Bear Market
In light of the growing market volatility, I thought it best to provide a technical update on where the markets are and what’s likely to come.
Many bulls view stocks’ latest drop as a buying opportunity. They are overlooking several glaring technical issues that warn very strongly that this correction is different from previous corrections occurring in the post-March 2009 rally.
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Tuesday, June 01, 2010
A Vote for Armageddon / Stock-Markets / Financial Crash
I wanted to start off this week discussing the political climate that surrounds the markets today.
With the entire financial system on life support from the Federal Government either directly in the form of transfer payments (food stamps, unemployment, etc.) or indirectly via the Federal Reserve’s countless lending windows and back-door schemes to funnel taxpayer money to Wall Street Banks, you simply cannot analyze the market without accounting for Government Intervention.
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Tuesday, June 01, 2010
Completed Corrective Period for German EWG ETF / Stock-Markets / European Stock Markets
My near- and intermediate-term pattern and momentum work in the iShares German Index Fund ETF (NYSE: EWG) argue that all of the action from the Oct '09 high at 23.40 into last Tuesday's low at 17.97 represents a completed corrective period in that aftermath of the Mar '09 to Oct '09 advance. Let's keep in mind that current strength comes off of 17.97, which was the 50% support plateau of the entire upleg during 2009, and a sign that the EWG is trading very technically at the moment.
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Tuesday, June 01, 2010
Stock Market Tumultuous Tuesday, Is Mickey Mouse Missing Mortgage Payments? / Stock-Markets / Financial Markets 2010
OK, now we’re in trouble!
The Telegraph reports that Theme park operator Euro Disney is expected to breach its debt covenants for the next three years. Euro Disney runs the Disneyland Paris resort on the outskirts of Paris and it has been battered by the downturn as more holiday-makers have stayed at home and the pound has reached record lows against the euro. Euro Disney still has €1.9bn (£1.6bn) of the debt used to fund the park’s construction on its books. The company made a €26.4m operating profit on revenue of €1.2bn in the year ending September 30 2009 but paying €89.2m of financial charges on the debt left it with a €63m net loss.
Tuesday, June 01, 2010
China, ECB and the Rumour Mill Hurting Stocks / Stock-Markets / Stock Markets 2010
We’re back in full scale risk aversion mode. A weak crazy rumour driven opening in Europe today with wild talk of French and Italian credit rating downgrades which I give really no credence to as rating agencies have to put countries on negative watch or outlook BEFORE they take the knife to the sovereign rating (neither are currently on watch or negative outlook). For me the it’s the rather glum ECB Financial Stability Review report released yesterday evening which is the main culprit as it predicts “sizeable” bank loans losses next year and expects these to be higher than 2009. A further €195bn (gulp) is the number they mention.
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Tuesday, June 01, 2010
Caution Is the Buzzword After Last Week’s Stock Market Drop / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: Risk aversion was the story of the week last week amid rising exasperation with Eurozone countries to act in unison to solve their debt afflictions and swelling concerns that financial reform may constrain U.S. financial companies' profits. Economic reports didn't offer much help to the stock market, as industrial manufacturing outlooks showed a surprising amount of slowing.
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Tuesday, June 01, 2010
Memorial Day Financial Markets Musings / Stock-Markets / Financial Markets 2010
It’s been a quiet weekend and our futures are up about a quarter point as the EU session draws to a close.
The DAX gave up half it’s gains into the close and the CAC never could get going while the FTSE is closed today. Asia was pretty flat, except the Shanghai, which fell 2.4% steeply into the close. Our futures were up about half a point but gave up half of that in what is, of course, thin to nonexistent trading. 12 of Spain’s 45 banks are in merger talks as they scramble to become too big to fail and Trichet made some nice noises this morning.
Monday, May 31, 2010
Sovereign Debt Crisis Fails to Deliver Knock Out Punch to Stock Markets / Stock-Markets / Financial Markets 2010
The stock market ended last week little changed at Dow 10,136 (10,193), which belied the drama seen during the week that included a Tuesday nose dive into the forecast target zone for a low of between 9,800 and 9,850 before bouncing back all the way into Thursdays closing peak of 10,264. Fridays session sought to correct this 450 point rally with a sharp drop in the last 15 minutes of trading from 10,200, which suggests follow through to the downside early week.
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Monday, May 31, 2010
Stocks Seek Direction in Holiday Thinned Trading / Stock-Markets / Stock Markets 2010
Friday looked to be a calm day after the large rise in global stock markets, Thursdays volatility had drifted lower, stocks were mixed to small better and credit spreads were tighter, but then the genius rating agency Fitch thought that the market needed a small present to liven things up, so Spain was downgraded at 17.35 BST ahead of a long liquidity drained holiday weekend in the UK and US from AAA to AA+ and this sent Dow Jones down 120 points in a few minutes.
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Monday, May 31, 2010
Debt Crisis Market Chaos Coming Soon To A Theatre Near You / Stock-Markets / Global Debt Crisis
Make no mistake about it, what is happening in Greece and Thailand right now will be coming soon to a theatre near you as well, with a war between our bloated bureaucracy and the public at center. It’s important to understand that the weaker periphery states in the Western alliance is just the beginning in a global affair, as Martin Armstrong points out in his latest, and that while being ‘big daddy’ of the sovereign debt debacle will postpone crisis in the US briefly as capital seeks safety in her markets, once this reaction is exhausted the U$$ Titanic America will be going down too. Therein, after the panic into US bonds (and stocks as a result of artificially lower rates) is done, rates will rise in the States as well, forcing the same budget cuts and austerity measures now being imposed on what is being described by the Western media sources (in justifying trading action) as the economic basket case, better known as Europe.
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Monday, May 31, 2010
Stock Market Trend Remains Decisively Broken / Stock-Markets / Stock Markets 2010
Plan A remains in effect: Cash is king in a market still trying to determine whether we are standing on a bottom or trap door. It’s all about the economic indicators now and whether there will be any signs that the investment-led recovery in the U.S. is going to falter.
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Monday, May 31, 2010
Three Goals For This Week / Stock-Markets / Stock Index Trading
WHAT A MONTH! We took 24 trades in the month of May with 21, or 88% of them being profitable. Meanwhile here’s how the indexes performed:
Dow — down 9%
Nasdaq — down 8%
S&P 500 — down 8%
Monday, May 31, 2010
S&P Stock Market Long Term Report Part 1 / Stock-Markets / Stocks Bear Market
With so much uncertainty in the world about Sovereign debt, alleged GDP growth figures from the U.S. (and others) and government issued inflation figures that are risible, the investor is left with a very confused picture as to whether we are in or entering a period of massive inflation or deflation. There are economists on both sides of the fence who are putting forward very plausible arguments to support both sides. This report will examine the technical picture of the S&P and guide you with the use of my charts as to where we are in the market and where it may be going in the future.
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Monday, May 31, 2010
Robert Prechter Long Stocks Bear Market Wave Down / Stock-Markets / Stocks Bear Market
Robert Prechter discussed the recent global sell-off that has sent all major U.S. averages 10% below their 2010 highs with Yahoo! Finance Tech Ticker host Aaron Task on May 20, 2010. Prechter says that the current climate shows that "we're in a wave of recognition" where the fundamentals are catching up to the technicals and that it's time to prepare for a "long way down."
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Sunday, May 30, 2010
The Looming Financial Holocaust, Massive Bearish Patterns Across Multiple Markets / Stock-Markets / Financial Markets 2010
We had expected the broad stockmarket and the resource sector to stabilize and start to recover last week and they did, and while we are likely to see further recovery in the days and perhaps weeks ahead, there have been some ominous developments in the recent past that we would be most unwise to ignore. The market did not go into full crash mode because it was not technically ready to, although it got close to it, and crucial support held - for now. However, heavy technical damage was inflicted and a broad review of long-term charts reveals that a blood-curdlingly dangerous setup has developed across a wide spectrum of markets.
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Sunday, May 30, 2010
ETF Trend Trading SP500, Gold, Silver and Crude Oil / Stock-Markets / Financial Markets 2010
Last week looked and felt like a pivotal week for both stocks and commodities. The past two weeks have had investors and traders in a panic as they try to find safe investments for their money. After watching and reviewing the panic selling in the market it looks as though the majority decided to sell everything and be in cash for the time being. This is bullish for the stock market.Read full article... Read full article...