Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Saturday, November 14, 2009
Stock Market Six Week Lateral Base In Place...... / Stock-Markets / Stock Index Trading
We get towards the top of our 6-week lateral bases and it looks like we'll finally break out. It's the exact same story as when we get towards the bottom of our existing bases. Breakdown looks inevitable. It gets very emotional at both ends because the consequences of a breakout or breakdown are large. The market is likely to have quite a large move once we get a decisive break and thus the emotions get intense. The only problem is, neither side is getting what they want, and there's a good reason for that. There is a lot of good news from both the economic and earnings front. That's the bullish case.
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Saturday, November 14, 2009
Manic-depressive Stock Market Inviting a Black Swan Event? / Stock-Markets / Financial Markets 2009
Guess Where Our Economic Stimulus Money is Going
The trade deficit in the U.S. widened in September by the most in a decade, reflecting rising demand for imported oil and automobiles as the economy rebounded from the worst recession since the 1930s.
Friday, November 13, 2009
Financial Asset Bubble Spotting Isn’t Hard: But Whose Job Is It? / Stock-Markets / Stock Market Valuations
There is no dispute about what happened in USA over the past few years:
1: There was a Tech Bubble – It popped (that caused economic damage).
2: There was a Housing Bubble – It popped (that caused economic damage)
Friday, November 13, 2009
Protect and Profit Before the Coming Financial and Economic Storm / Stock-Markets / Financial Crash
The “full force of the economic crisis will hit us next year… The problem will get bigger before things can get better…”
Angela Merkel, German Chancellor, November 11, 2009
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Friday, November 13, 2009
If Stocks Tank, Shouldn't Gold Soar? / Stock-Markets / Gold & Silver 2009
The following article is provided courtesy of Elliott Wave International (EWI). For more insights that challenge conventional financial wisdom, download EWI’s free 118-page Independent Investor eBook.
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Friday, November 13, 2009
SPX Stock Market Pullback to Drag Commodity Stocks Lower / Stock-Markets / Gold & Silver Stocks
With the US stock markets very overextended technically, my recent research has focused on this development’s implications. Several weeks ago I outlined the extremely overbought conditions in the flagship S&P 500 stock index (SPX). Last week I explored how the overdue SPX pullback is even likely to spill over into the precious-metals stocks, dragging them down.
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Friday, November 13, 2009
Have the Dow and S&P500 Reached a Major Turning Point? / Stock-Markets / Stock Index Trading
On Wednesday, 11/11/09, the Dow Jones Industrial Index rallied to a 50% retracement level based on MarketClub's Fibonacci measuring tool. The action today indicates that this level is very important and that it could be an important top for this market.
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Friday, November 13, 2009
Latest on U.S. Interest Rates, the Fed and Asset Price Inflation / Stock-Markets / Liquidity Bubble
When it comes to Lay’s potato chips, the saying goes, you can’t eat just one.
And when it comes to the interest rate and financial markets, I just can’t focus on one thing this week. There’s just too much going on.
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Friday, November 13, 2009
Three Bearish Stock Market Breadth Charts You Won't See Anywhere Else / Stock-Markets / Stocks Bear Market
Figure 1 is a daily chart of the S&P500 (symbol: $INX). The indicator in the bottom panel comes from mathematician James Meikka. Meikka developed a formula to measure advancing and declining issues that prevents drift and forces it to maintain a consistent relationship with the zero line. It is like a McClellan Summation Index. Instead of applying the indicator to advancing and declining issues, I am utilizing NYSE up volume versus down volume in figure 1 (the data is hidden). So my indicator in the lower panel is a measure of advancing volume versus declining volume.
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Friday, November 13, 2009
Stock Markets Look Range Bound For Now / Stock-Markets / Stock Index Trading
The market got to the top of the wedge and decided it was time again for another pull back in the pattern. We did have a doji yesterday and that can cause some near term down side off the up trend in place. Action which allows the market to unwind from overbought on those 60-minute time frame charts. We started the selling off that doji today that took nearly 1% off the averages. Obviously, nothing from nothing, but it was a fairly good down day with the majority of stocks leading lower. That's good as it allows the leaders a breather.
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Friday, November 13, 2009
SELL Signal Alerts For Stocks, Bonds, Gold and Crude Oil / Stock-Markets / Stocks Bear Market
U.S. equity benchmark indexes fell from 13-month highs as energy shares slumped following bigger- than-estimated growth in oil stockpiles, erasing an earlier advance spurred by Hewlett-Packard Co.’s takeover of 3Com Corp. The dollar rose the most versus the euro since August.
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Friday, November 13, 2009
Stock Market Reversal Session / Stock-Markets / Stock Index Trading
The indices finally backed off as profit taking finally set in, but they started with a bang to the upside early on and hit nominal new 2009 highs before they began to back off in the morning.
At that point they began to stair-step lower in a nice orderly down-channel all day. I'm not sure if that means we're getting the start of a significant down move just yet, but we'll see if they can at least get downside follow-through in the next day or two.
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Thursday, November 12, 2009
The Stock Market is Going Lower, Buy Stocks…Now? / Stock-Markets / Investing 2009
It sounds crazy, I know.
All signs point to the market heading lower. The major indices are fundamentally overvalued, the real economy has barely improved, and expectations are approaching lofty highs.
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Thursday, November 12, 2009
Stock Market Forming a Major Top? / Stock-Markets / Technical Analysis
Every time a major stock index approaches a new high, invariably we can find calls that "a major top has already been made". We have seen several such articles in recent weeks. While these incessant calls for a major top may be 100% accurate at the present time, a review of historical major tops gives little support for such a claim. A short-term top within a major bull market can occur at anytime, but major tops do not occur very often.
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Thursday, November 12, 2009
U.S. China Trade War Underway Signals Inflation and Stocks Bear Market / Stock-Markets / Financial Markets 2009
What would you do before you go visit someone whose help you desperately need? Would you give him a one-fingered salute with your middle finger?
Well, President Obama is about to make his first visit to China, and that is exactly what he has done to the Chinese leaders.
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Thursday, November 12, 2009
Stock Market Hesitation At Resistance...Some Doij's.... / Stock-Markets / Stock Index Trading
Doji's today, which mean an equal number of sellers to buyers, once we gapped up early on says, there could be a pause in the bullish action over the next day or so. It doesn't have to take place, but be prepared for that possibility. It says the possibility is made more real by the fact that we're at some really tough longer-term resistance at 1101 S&P 500. That doesn't mean individual stocks can't be owned. It simply tells us that having too much exposure, say 50% or more right here, makes little sense, and you have to own the best of each sector if you do own stocks. Own stocks that have unwound or have gaps underneath them so there's strong support.
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Thursday, November 12, 2009
Support Holds as Stock Market Indices Eek Out More Gains / Stock-Markets / Stock Index Trading
The markets managed to eek out another gain today, although they had a rough road. Despite the early big gap-up and strong surge that took them to new 2009 highs, taking out the October highs on both indices, they reversed sharply lower, bounced and then came down and made lower lows, but only slightly, and couldn't follow-through to the downside in mid-afternoon when they hit their session lows. Then an afternoon 3-wave rally brought them back towards intraday resistance but closed them right there.
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Thursday, November 12, 2009
The Problem With Risk / Stock-Markets / Financial Markets 2009
As the U.S. dollar carry trade continues unabated, it would be wise to look at the last instances of such biased positioning. The price of ‘risk’ assets, which include currencies, commodities and stocks, continue to rise inversely to the dollar’s decline almost tick for tick. The flood of cheap money taking advantage of near-zero interest rates continues to chase positive returns in any risky asset class, which is rising in the honeymoon period of stimulus and quantitative easing.
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Wednesday, November 11, 2009
S&P Stocks Index Approaching Key Support / Stock-Markets / Stock Index Trading
The tension in the market today is palpable, isn’t it? The dollar goes down, and stocks, metals and commodities go up. The dollar rallies off of oversold, and stocks, metals and commodities pull back. That said, however, let’s notice on the hourly chart of the S&P 500 emini futures contract that after making yet another new recovery high this morning at 1103.25, the emini S&P has sold off to nearly unchanged and more importantly is approaching an important test of key near-term support at 1093-1090.
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Wednesday, November 11, 2009
Stock Market Breadth Trying To Make Bullish Turn / Stock-Markets / Stock Index Trading
Below we'll cover a potentially positive development in market breadth. Wednesday morning's financial headlines may help breadth continue to improve in a bullish fashion:
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