Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Thursday, September 17, 2009
Stock Market in Buy Mode / Stock-Markets / Stock Index Trading
We remain in Buy Mode as the market continues higher.Stock Barometer Analysis
The barometer remains in Buy Mode.
Thursday, September 17, 2009
Stock Market Rallies to Fill Bear Market Gap / Stock-Markets / Stock Index Trading
Stunning. How in the world did the market just say "I don't care" to 1060 on the S&P 500? We closed at 1068 and that's barely through, but come on, even getting through it by 1 point is impressive enough. When we had the gap down from 1080 to 1060, it was a huge gap obviously and occurred on massive volume. There's no way we should have been able to just move into the gap again with the top at 1080. If we clear 1080, look out above. It shows you the intensity of just how strong this market is.
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Thursday, September 17, 2009
Stock Market Indices Extremely Overbought as Rally Rolls On / Stock-Markets / Stock Index Trading
The markets were choppy early on, although they did have a positive opening. They then backed off, rallied again, backed off again, but then came on with thrust, spiking up to 1720 on the Nasdaq 100 and 1065 on the S&P 500 before backing and filling and retesting.
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Wednesday, September 16, 2009
Quantitative Easing Fuelled Stock Market Recovery / Stock-Markets / Quantitative Easing
We keep hearing that "The worst is behind us", but the spin doesn't square with the facts. Sure the stock market has done well, but scratch the surface and you'll find that things are not as what they seem. Zero hedge--which is quickly becoming the "go-to" market-update spot on the Internet--recently posted an eye-popping chart which traces the Fed's monetization programs (Quantitative Easing) with the 6-month surge in the S&P 500.
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Wednesday, September 16, 2009
Stock Market Bullish Stance Wears Thin / Stock-Markets / Stocks Bear Market
Readers familiar with my views know that I believe that the current stock market rally is a bullish chapter in an otherwise bearish novel. In the spring of this year, I had said I would not be surprised if the Dow were to hit 10,000 by the end of summer. While I was a little too optimistic on that particular forecast, it now looks as if U.S. stock markets are a bit ‘toppy' and a reversal may be in the cards. Seven factors, five tactical and two strategic, cause me to see a change in the wind.
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Wednesday, September 16, 2009
The Case for a Stocks Bear Market Rally / Stock-Markets / Stocks Bear Market
Are we in a bull or bear market? That is the question many are asking with the S&P 500 up 50% from its March 9th low. Whether we are in a new bull market or just experiencing another bear market rally is important for investors to answer. Today, I will present the case for a bear market rally. In the next few days, I will offer why the bear market is over.
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Wednesday, September 16, 2009
Banking on RKH Regional Bank HLDRs ETF / Stock-Markets / Banking Stocks
Let’s notice that the Regional Bank HLDRs ETF (AMEX: RKH), which we added yesterday, continues to climb to new recovery highs, hurdling the August double-top at 81.45/49 in the process, which usually is a very constructive technical event. If the RKH sustains for today’s session above 81.50, then my next target becomes 85.20/60. The heaviest weightings in the ETF are JPM, WFC, USB, BAC, NTRS, PNC, BK, BBT and STI.
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Wednesday, September 16, 2009
The Financial Crash, U.S. Dollar, Cash and Gold / Stock-Markets / Financial Markets 2009
With the Dow continuing its steady climb into September, economists are giddy with enthusiasm as they usher forth a stream of emotional pontification throughout the news media. Calls for a new bull market and an end to the recession are increasing with the rising levels of optimism (see: MarketWatch). How anyone can be bullish on stocks despite the innumerable economic warning signs is beyond my comprehension.
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Wednesday, September 16, 2009
Stock Market Investing, Not a Time for Buy and Hold / Stock-Markets / Investing 2009
Many investors are finding that the current situation in the stock market is very difficult to read because the conclusions of different analytical approaches are unusually conflicting. So let’s review the three most important ones and discuss the relevance of each. Then I’ll tell you what I think is the best way to deal with them.
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Wednesday, September 16, 2009
Stock Market Bullish Bias Continues / Stock-Markets / Stock Index Trading
Tuesday's market action saw volume increase on the NYSE as all of the major indexes put in new closing highs for 2009. The Dow led the other major indexes and was echoed by the Russell-2000 and the Semiconductor Index (SOX).
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Wednesday, September 16, 2009
Stock Market Hits Gap Resistance / Stock-Markets / Stock Index Trading
We hit the gap today with the S&P 500 hitting a drop over 1056. Just a couple of points below 1060, thus the gap has been hit. The question now is, how far do we pull back and what can we expect once the selling is done?
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Wednesday, September 16, 2009
Stock Market Up, Up and Away / Stock-Markets / Stock Index Trading
Up Up and Away
Feels like nothing can stop this market.
Wednesday, September 16, 2009
Stock Market Heading for an October Crash? / Stock-Markets / Financial Crash
We survived the brief market pullback so thus far September looks a bit safer than in previous years. The big question hanging over this market is whether the investment-led recovery will be given legs by a revival of consumption. The jury remains out on this as consumers are clearly saving more and undergoing an interesting transformation from spendthrift bubblemeisters to far more thrifty families. The danger is that we may catch Japan’s “paradox of thrift” disease: Japanese citizens have been so paranoid about the economy that they never spend enough to restore robust growth to the Land of the Setting Economic Sun.
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Tuesday, September 15, 2009
Awaiting Buy Signals in Short SPY (SH) / Stock-Markets / Stock Index Trading
If at any point the ProShares Single Levered Short SPY (NYSE: SH) manages to climb above yesterday’s pre-open up-gap high at 57.59, I will get buy signals to be long in anticipation of a powerful countertrend move in the major equity market ETFs. Unless and until that happens, however, the dominant near and intermediate trends will remain down for the SH.
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Tuesday, September 15, 2009
Small Cracks in the New Stocks Bull Market / Stock-Markets / Stocks Bull Market
Fledgling bull markets are normally characterized by a series of internal gauges. Long-term shifts in capital spending between specific industry groups and asset classes have general occurred at the start of every new advance. For example, consumers become less defensive and start purchasing those items that they want but don't really need. Traders move out of safe fixed income assets and look for higher returns in stocks. All of these elements were present at the bottom of the last great bear market and the beginning of the next bull in 2002-2003. But they are still missing in this market.
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Tuesday, September 15, 2009
More Financial Bubbles Ahead? / Stock-Markets / Financial Markets 2009
Almost all important, pertinent data reflects continued weakness in the economy, especially retail sales and unemployment.
There are small signs of inflation in spite of bogus government figures. In the flight to quality we see stronger gold, silver and commodities despite heavy market manipulation by the government.
Tuesday, September 15, 2009
Finanical Crisis, Ignoring Hindsight / Stock-Markets / Credit Crisis 2009
Ask any cop on the street for their assessment of a drug bust. It goes, they will tell you something like this: “Sir, may I search you?” “Yes.” “There is crack in your pocket.” “Not my crack.” “But sir, it was in your pants.” “Not my pants.”
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Tuesday, September 15, 2009
Stock Market Achieves New 2009 Highs / Stock-Markets / Stock Index Trading
Monday's market action saw volume decrease on the NYSE and all of the major indexes opened lower but were able to achieve new closing highs for 2009, even if some of the gains were modest. The Semiconductor Index (SOX) mimicked the major indexes in moving higher while the Semiconductor Holders (SMH) were flat (lost one cent).
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Tuesday, September 15, 2009
Stock Markets Trek to Higher Ground / Stock-Markets / Stock Index Trading
In a shout out to Kasey Kassem – keep your feet on the ground and reach for the sky! The equity markets continue the trek to higher ground last week, as the markets rose for 5 consecutive days before taking a breather on Friday. In what was a quiet week for economic data, the markets by rising most of the week are indicating that the path of least resistance remains higher. The coming week we’ll get to see the impact of “cash for clunkers” as retail sales will be released, along with inflation data and housing starts.
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Tuesday, September 15, 2009
Explosive Upside Potential for Stock Market S&P 500 Index / Stock-Markets / Stock Index Trading
Once again, the market attempts to sell off (perhaps triggered by the imposition of tariffs on Chinese tires by the Obama Admin), but the weakness does not stick. From a medium term perspective, the daily chart of the S&P 500 e-mini contract remains remarkably and potentially explosive on the upside as it fulfills the long standing target zones projected off of the huge base pattern -- at 1100 and then 1200.
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