Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Sunday, May 02, 2010
Global Debt Crisis Hits Markets, The Moment of Truth is Upon Us / Stock-Markets / Financial Markets 2010
We started out the week with a bang when it was announced that Goldman Sachs was being charged with fraud by the SEC. This sounds ominous at first glance, but in the end it’s a civil matter and will result with no more than a fine and a slap on the wrist. Then toward the middle of the week when the ratings agencies began to write down sovereign debt, first with Greece and then a day later with Spain and Portugal. It seems to me that these agencies no longer serve a purpose as these downgrades are nothing more than an acknowledgement of a situation that we all know existed for quite some time.
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Saturday, May 01, 2010
Nasdaq NDX Tek Stock Index Weekly Analysis / Stock-Markets / Stock Markets 2010
“In the middle of the journey of our life, I came to myself within a dark wood where the straight way was lost.”– From The Divine Comedy by Dante Alighieri
The way they talk it in the media, it sounds like Greece is the end of the world, Portugal the purgatory, and Spain the Hell.
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Saturday, May 01, 2010
Stock Market More Bearish Food For Thought / Stock-Markets / Stock Markets 2010
I do not believe in "pure" technical analysis (i.e. in a vacuum). Knowing that we are in a secular general stock bear market and secular Gold and Gold stock bull market colors my views. A pure chartist may see blue skies from here to Dow 20,000, but a deflationary secular private sector debt collapse plus helicopter Ben and his crew does not equal a new secular general stock bull market in my opinion. While I understand that currency debasement can mask real losses by propping up nominal price levels, I am a long-term Gold investor - not a paperbug. I understand the game and how its played, at least as much as a retail ant is allowed to.
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Saturday, May 01, 2010
Stock Market Update / Stock-Markets / Stock Markets 2010
My 2010 forecast, which was released in early January, remains pretty well on tract. The only difference has been the contraction into the cyclical low in February. Statistically, that low was ideally due in late March. Nonetheless, my statistical data also told me that once that low was made, there was an 81% chance of a higher recovery high and that has certainly been seen. The task now at hand is the identification of the top of this longer-term bear market rally.
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Saturday, May 01, 2010
Indian Stock Market Detailed Technical Analysis with Chart studies / Stock-Markets / India
As was expected, there were wild moves on both sides owing to Options expiration. Since largest OI was centered around 5200, Nifty hovered and closed pretty much near it. After trading in a very narrow range all of last week, it closed pretty much where it left the previous week. This shows the tug of war between bulls and bears. Neither sure which way to trade at the end of the day/week. In our last analysis though we stated that there is chance of Negative Divergence building up and that would be give us two things.
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Saturday, May 01, 2010
Stock Market Worst Losing Week Since Jan / Stock-Markets / Stock Markets 2010
The stock market indices took it on the chin Friday as profit taking set in and the indices finally had their worst losing week since January. Whether we get a downside follow-through next week and break the topping patterns that are appearing on the hourly charts is still in question. Key support around the 1995 - 2000 zone on the Nasdaq 100 and 1180-83 zone on the S&P 500 certainly should be tested.Read full article... Read full article...
Saturday, May 01, 2010
Stock Market Back Down...50's On Deck / Stock-Markets / Stock Markets 2010
When you're in a handle it is normal to simply move up and down. Feels weird as this takes place because you get a lot of volatility within a very defined range. That range being about 4% on the S&P 500. I think we can trade down in this range as low as the 50-day exponential moving average or 1170. The high in this move being 1220, although there is now a gap at 1213. If you're trading within a 50-point range you can, and often do, get some very violent swings up and down that test you emotionally.
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Saturday, May 01, 2010
Is the Dow Stocks Index Getting Ready to Crash? / Stock-Markets / Financial Crash
The DOW has had a remarkable recovery from the lows that were seen in March of '09. The question now is, are we headed higher, or is the move over for now?
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Saturday, May 01, 2010
SPX Has a Cautionary Pattern / Stock-Markets / Financial Markets 2010
Consumer Spending “Lifts” the Economy - The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as households spent more freely, setting the stage for gains in employment that may help the recovery broaden and accelerate.
The increase in gross domestic product was in line with the median estimate of economists surveyed by Bloomberg News and capped the biggest six-month gain since 2003, figures from the Commerce Department showed today in Washington. Consumer spending rose by the most in three years.
Friday, April 30, 2010
Trap for Stock Market Bulls, Profit Opportunity for Others / Stock-Markets / Stock Markets 2010
Equities Markets are becoming a Trap for Investors, but a substantial Profit Opportunity is developing in other Markets, as we explain.
The now nearly fourteen months long Equities Rally is not raging, but continues to grind fitfully upward, except Tuesday this week.
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Friday, April 30, 2010
GDWheee Friday - Could be a Wild Stock Market Ride! / Stock-Markets / Stock Markets 2010
Attention ladies and gentlemen: The stock market will soon be leaving the station, please secure all personal items, pull down the safety bar (our Disaster Hedges) and keep all body parts inside ride at all times. Well you know you can follow all of the safety instructions and STILL get smacked in the face with a black swan (like our friend Fabio, pictured here) which is why we elected to get back to cash ahead of this report. The markets were just too insane this week and who the heck knows if Europe will still be a Union on Monday or what the GDP number is going to be (but I do think it’s a miss).
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Friday, April 30, 2010
Stock Markets Impacted by Oil Slicks, Greece and Goldmans / Stock-Markets / Stock Markets 2010
Within 48 hours the turmoil around the downgrading of Greece, Portugal and Spain dissolved and markets returned to their risk-positive trading behaviour as if nothing had happened. The European markets which are naturally underperforming under given circumstances are lagging behind but are being dragged by the US markets which are still in good shape with key-support in the S&P500 at 1169 untouched so far.
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Friday, April 30, 2010
How “Correction Catalysts” Could Derail The Stock Market / Stock-Markets / Stock Markets 2010
“Correction Catalysts” are everywhere, but the stock markets keep going up as investors don’t seem to care. You don’t have to get off the rising market train, but be wary of a looming correction.
Hindsight is 20/20 and, unfortunately when it comes to stock markets, bad history repeats itself. Investors and economists tend to have short, selective memories. In most cases, major crashes or corrections shouldn’t come across as a surprise, but still can be quite painful, as most market participants typically can’t get out of the way in time.
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Friday, April 30, 2010
Stock Market Rally Continues / Stock-Markets / Stock Markets 2010
The stock market indices gapped up at the opening, broke through resistance, and ran hard, particularly on Nasdaq today, reaching 2045 on the Nasdaq 100 in the morning and around the 1208 area on the S&P 500. The next couple hours were spent moving sideways and consolidating, but support held all afternoon and they bounced in the last hour.
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Friday, April 30, 2010
Stock Market Holds 20...Handle In Place..... / Stock-Markets / Stock Markets 2010
The market decided not to follow through on the downside once it had successfully taken out those 20-day exponential moving averages on the daily charts on the S&P 500, Dow, and WLSH. The Nasdaq never did lose its 20-day moving average on a closing basis. Only intraday. Once lost the market decided to rise yet again, and get all of the important index charts back above those critical 20's, although they're not nearly as critical in terms of support as those 50-day exponential moving averages. Understand that handles mean up and definitely down and we could fall right back below those 20's yet again.
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Friday, April 30, 2010
Three Stock Market Charts You Need to See Now / Stock-Markets / Stock Markets 2010
Some of you have written in asking me about the new logo. I apologize for not clarifying this earlier. I am branding all of my content and communications going forward under the banner of Phoenix Capital Research.
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Friday, April 30, 2010
Stock Market Broadening Top Appears Yet Again! / Stock-Markets / Stock Markets 2010
I first became aware of a potential broadening top formation last August, as my cyclical studies suggested a peak in August followed by a potential decline into the fall of 2009. That was not to happen, but I remained piqued by the continued behavior of the DJIA shown in the chart below. It seems that the upper trendline defined the top of each new rally as it attempted each new high. So I kept track of the formation as a matter of routine to see what would happen next.
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Thursday, April 29, 2010
It’s A Market Of Stocks, Not Just A Stock Market / Stock-Markets / Stock Markets 2010
It’s A Market Of Stocks Not Just A Stock Market
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Thursday, April 29, 2010
Stock Market Rally is Two-Edged Sword / Stock-Markets / Stock Markets 2010
The S&P 500 continues to climb, with its emini contract hitting 1204.50 mid-day in what increasingly could be a return trip to retest the recent high at 1216.75. My pattern and momentum work are pointing towards such a scenario - another mini panic that propels prices to new highs.
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Thursday, April 29, 2010
Corporate Earnings Again Trump Sovereign Debt Fears / Stock-Markets / Financial Markets 2010
US stocks rose upon hump day, rebounding from the biggest drop since February, as higher-than-estimated earnings and the Federal Reserve’s pledge to keep interest rates at a record low overshadowed a downgrade of Spain’s debt rating. Dow Chemical climbed 5.9% and insulation producer Owens Corning rallied 11% as profits topped average analyst forecasts. Goldman Sachs gained 2.6% after defending its business practices to a Senate panel.
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