Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Wednesday, July 15, 2009
Goldman Flashing Warning Signal for Entire Stock Market / Stock-Markets / Stocks Bear Market
Goldman Sachs (GS) is a bull market leader and a stock we like at CCM. In fact, we would consider buying it if the right entry point were to present itself. Understanding the current health of market leaders can give us some insight into the health of the entire market for risk assets. When market leaders are healthy, the market as a whole tends to be healthy. When market leaders begin to stall, it could mean trouble for the entire market.The purpose of this writing is point out some caution flags that we are observing on the daily and weekly charts of Goldman Sachs.
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Wednesday, July 15, 2009
Investor Risk Appetite Is Back But Look Beyond the Gloss / Stock-Markets / Financial Markets 2009
Having run ahead of itself Monday the markets gave a muted response to Goldman Sach’s monster numbers yesterday, but the 28 point upmove in the Dow was enough to put it back into the black for the year for the first time since July 1st. After flip flopping for much of the day equities were given a fillip late on from a report from BoA / Merril Lynch’s Michael Hartnett who believes the recession ended in Q2 2009.
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Tuesday, July 14, 2009
The $64,000 Question, Can Stocks Go a Lot Higher Despite Negative Fundamentals? / Stock-Markets / Stock Index Trading
Some might be reminded of the Abbott and Costello routine of ‘Who’s On First’ with this line of thought, but this is not the intention. The intention behind this line of thinking is to explain why stocks can go higher from here despite negative fundamental and technical underpinnings supporting them at present. After all, this is the $64,000 question on most minds right now. So, from my perspective it makes a great deal of sense to answer it because this is what we do in attempting to divine the future – a daunting task to say the least.
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Tuesday, July 14, 2009
Daily Futures Markets Commentary / Stock-Markets / Financial Markets 2009
September British Pound - September British Pounds are called lower this morning based on the weak overnight trade. Trading can be described as defensive as investors are becoming more risk averse during this time period when U.K. stocks are weakening and the economic picture remains bleak. The sell-off overnight highlights the fact that traders are becoming more sensitive to the weakening equity markets and more attracted to safe-haven currencies like the Yen and the U.S. Dollar.
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Tuesday, July 14, 2009
The Financial Crisis, Gold and Fiat Currencies / Stock-Markets / Financial Markets 2009
The Market Oracle Newsletter
July 12th, 2009 Issue #57 Vol. 3
Dear Reader,
Firstly a quick update to Saturdays newsletter - Top 10 Free Elliott Wave Theory Resources Special. To immediately access ANY of the resources listed once registered with EWI (including existing members), on the destination page click the link on the right hand side "Already a Club EWI member?"
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Tuesday, July 14, 2009
Warning for India Stock Market Global Investors / Stock-Markets / India
Martin Hutchinson writes: When India unveiled its annual budget on July 6, it immediately caused a sharp drop in the rupee, as well as a 5.8% decline in the benchmark BSE Sensex stock index that had soared 55% so far this year.
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Tuesday, July 14, 2009
Banking Stocks Rally on Goldman Sachs Results / Stock-Markets / Financial Markets 2009
Like a testosteron-fuelled Pamplonean bull, stocks lead by financials charged higher (in very low volume) on the back of the Laura Croft of banking analysts Meredith Whitney’s comments. She changed her mind, saying she’s now bullish in the short run that banks can gain another 15% on the back of account sleights of had and helpful legislative changes. She recommended buying Goldman Sachs, whose “results” are due today (shame she missed the first 200% of the price move) and even said BoA is worth a look (the stock soared 9%). But she remains bearish on equities in the longer run saying that unemployment will reach 13%.
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Tuesday, July 14, 2009
Financial Stocks Lead Turnaround in the Stock Market / Stock-Markets / US Stock Markets
The indices had a very strong rally today after a very weak opening and an early sharp drop. They turned around on a dime, with financials leading the way.
Most of that was attributed to a positive outlook by Meredith Whitney, leading bank analyst, who said she was bullish on Goldman Sachs (GS) and thought Bank of America (BAC) was the cheapest bank out there.
Monday, July 13, 2009
Do or Die for Stocks / Stock-Markets / US Stock Markets
Slowly and step by step, the markets have eliminated the gains since May first. Sell in May and go away indeed! With little in the way of “juicy” economic data, the markets fretted about the rumors of another stimulus bill (another cup of coffee for that morning jolt?) that may be indicative of a still weak economy.
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Monday, July 13, 2009
Tech Sector Earnings to Pull U.S. Stock Market Higher / Stock-Markets / Tech Stocks
William Patalon III writes: Stock investors will key next on earnings from tech giant Intel Corp. (Nasdaq: INTC) and banks including J.P. Morgan Chase & Co. (NYSE: JPM) for hints of what to expect in the third quarter -- and how badly the recession hurt businesses in the second quarter. The Standard & Poor's 500 Index and Dow Jones Industrial Average declined for the fourth straight week last week - the longest string of losses since stocks hit their low point in March - and investors are looking at the tech sector to squelch the ongoing decline.
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Monday, July 13, 2009
Soggy End to Yet Another Down Week for Stocks / Stock-Markets / Financial Markets 2009
Stocks were down again on Friday (making it down four weeks in a row) as a fall in fall prices (they had their worst week since January) and a drop in consumer sentiment proved a drag. Chevron joined in the chorus of doom on Friday by warning that Q4 earnings would be “significantly lower” than the preceding quarter, hightening earnings worries. Against such a background, the ordinary punter finds it hard to comprehend that yet again failure is being rewarded; AIG in talks with U.S. over another $250 million in bonuses.
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Monday, July 13, 2009
How Far Can the Stock Market S&P Index Slide? / Stock-Markets / Stock Index Trading
The Technical Trader’s view:
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Monday, July 13, 2009
Stock Index Trading, 1/3rd Bearish Position / Stock-Markets / Stock Index Trading
While this last week gave us a hint that the bears are roaming back into town, the bulls are aware of that - and could be closing up the trash can to prevent the bears from satisfying their hunger.
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Monday, July 13, 2009
Stock Index Trading Weekly Update - 13th July 09 / Stock-Markets / Stock Index Trading
Current Positioning:
SPY: Nil (Cash)
QQQQ: Nil (Cash)
General Commentary:
Sunday, July 12, 2009
Weakening Stock Market Drives U.S. Dollar and Gold Trends / Stock-Markets / Financial Markets 2009
The recent roll over and weakness of the S&P 500 has caused traders to shift out of stocks and begin moving to the 'safe haven' of the US dollar. This action is providing the underpinning for support of the currency, which in turn, is forcing gold to fall. Throughout most of the March-to-June equity rally, money flowed out of the security of US T-Bills and into stocks. This caused the fundamentally weak dollar to drift lower which helped drive the price of gold upward. The precious metal climbed over $100 per ounce from April to June.
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Sunday, July 12, 2009
Stock Market, What's Next? / Stock-Markets / Stock Index Trading
After being bullish for 9 consecutive weeks and having seen the S&P500 fall some 5% over that time, the "dumb money" has finally given up hope. The "Dumb Money" indicator has moved from a bullish extreme to the neutral zone.
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Sunday, July 12, 2009
Correcting Stock Market Calls for Second Economic Stimulus / Stock-Markets / Financial Markets 2009
As I reluctantly start packing my bags after a most enjoyable two weeks of R&R in Europe (see my posts on Slovenia and Switzerland), “Words from the Wise” comes to you a bit more cryptically than usual. However, a full dose of excerpts from interesting news items and quotes from market commentators is included.
Despite having crisscrossed Heidi’s country, I have yet to find the elusive Swiss gnomes to glean what they make of financial markets at this juncture. Meanwhile, the past week has been characterized by a fresh wave of risk aversion, as uncertainty over the global economic outlook took its toll on stock markets, commodities and precious metals, and investors favored safe-haven assets such as government bonds and the Japanese yen.
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Sunday, July 12, 2009
Oversold Stock Market Due a Bounce / Stock-Markets / US Stock Markets
The good news is: The market is overdue for a bounce.
Short Term - As of Thursday's close the Russell 2000 (R2K or !RUT) had been down for 5 consecutive days for the 1st time since before the early March lows.
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Sunday, July 12, 2009
Stock Market Draining Lower...Earnings On Deck... / Stock-Markets / Financial Markets 2009
As the market opened for trading today, the world seemed to be watching whether today would be the day when the highly anticipated 875 Sp neck line would finally break down. We closed seven points above it yesterday and with the futures lower and hovering right near that grand number, anticipation seemed to fill the air. The bears were falling all over themselves thinking today would be it. We opened lower and tried to move higher but that didn't last as the bears came charging in, taking the SP 500 a few points below the magical level.
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Saturday, July 11, 2009
Stock Market Indices End Mixed to Close Out Week / Stock-Markets / US Stock Markets
The stock market indices had a mixed performance at the close today, but not without some volatility, especially in the morning.Read full article... Read full article...