Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Friday, April 03, 2009
Financial Stocks Rally on FASB Vote / Stock-Markets / Banking Stocks
Shares of financial companies gained a sense of relief Thursday following a much-anticipated decision by the Financial Accounting Standards Board designed to ease mark-to-market accounting guidelines. The Financial Select Sector SPDR ETF (NYSE: XLF) and the SPDR KBW Bank ETF (NYSE: KBE) rose 2.8% and 1.4%.Read full article... Read full article...
Friday, April 03, 2009
G20 U.S. Dollar Fiat Currency Smoke and Mirrors Manipulation / Stock-Markets / Articles
Humpty-Dumpty Fiat Sat on the Wall….You Know the Rest! - We've heard much over the past number of days, weeks and months as to what lays at the root of our economic and financial woes. We've been made painfully aware of sensationalized storylines; like a Made-off-ian styled Ponzi -fraud, a real head-scratcher when you consider that 64 billion in proceeds is alleged to have vanished into the ether without a trace; Bear and Lehman styled collapses where, in the confusion, 50 odd billions were created out of thin air – only to be quickly buried like bones in ‘rover's clover'; and perhaps the most egregious of all, visibly, to date – the 180 billion and growing “black hole” of Darth Vader Ponzi-finance – AIG.Read full article... Read full article...
Friday, April 03, 2009
Significant Upside Ahead for S&P 500 Short SH ETF? / Stock-Markets / Stock Index Trading
Let's notice that yesterday and today the ProShares Single Leveraged Short SPY (NYSE: SH) hit the exact same low at 73.00 and has since rallied to 74.40/60, leaving behind a potential near-term Double Bottom. Given the glaring positive momentum divergences that have been developing since 3/23, the Double Bottom at 73.00 could very well represent the (so far) elusive near-term low ahead of a significant upside corrective period. As long as 73.00 remains viable, I will be looking for the SH to climb to fill the gap left behind on yesterday's open, between 75.0 and 7.600 next, possibly on the way to a test of the March-April down trendline, now at 77.00/10.Read full article... Read full article...
Friday, April 03, 2009
Where Next for the Stock Market S&P 500 Index? / Stock-Markets / Stock Index Trading
The dramatic run up that we have seen in the S&P 500 may be coming to an end. The retracement back over the 840 level should provide sufficient resistance to reverse this market to the downside.Read full article... Read full article...
Friday, April 03, 2009
Another Strong Stock Market Session / Stock-Markets / Stock Index Trading
Wall Street had another strong session today, although they gave back a chunk of it in the last hour, but still closed with strong gains across the board with excellent technicals.Read full article... Read full article...
Thursday, April 02, 2009
What Does the Bottom of a Bear Market Look Like? / Stock-Markets / Stocks Bear Market
Today, we posted our second study on "How a Bear Market ends".The first was a study of what the Institutional Investors did relative to "Accumulation" and the end of the 2002-2003 Bear Market.
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Thursday, April 02, 2009
Speculators Return to Stocks, Commodities and Resource Currencies / Stock-Markets / Investing 2009
There are times when it pays to be a contrarian, to think outside-the-box, to bet against the conventional wisdom of the crowd, and ignore the chatter of the media. Usually at key turning points, and the beginning of important new market trends, the fundamentals do not explain the behavior of the market. It is at these critical junctures, where sudden shifts in price trends can occur, - big percentage gains or losses are registered.Read full article... Read full article...
Thursday, April 02, 2009
Financials Fail to Lead Stock Market Advance / Stock-Markets / Banking Stocks
One very disconcerting sign today amidst all the euphoria is the lack of performance in the financials-- after the FASB caved into pressures to modify mark-to-market, and with the price structure of the Financial Select Sector SPDR (NYSE: XLF) pushing up against an important resistance/breakout plateau (9.60/80). Right now, the XLF appears to have failed miserably to "lead" the advance in the larger S&P to the upside.Read full article... Read full article...
Thursday, April 02, 2009
Don't Be Fooled by the Stock Market Rally, More Pain Ahead / Stock-Markets / Stocks Bear Market
The G20 protestors have got it all wrong. They shouldn't be on the streets of London , carping about bankers. They should be barricading the German embassy, demanding a stimulus package from German Chancellor Angela Merkel. You see, it's all the exporters' fault, this economic crisis we're in. Irresponsible countries like Germany , Japan and China have selfishly forced their top-notch cars and their cheap clothes on the innocent Americans and British.Read full article... Read full article...
Thursday, April 02, 2009
Chile: Was Prepared for the Financial Crisis / Stock-Markets / Emerging Markets
Martin Hutchinson writes: Chilean President Michelle Bachelet rebuked British Prime Minister Gordon Brown last weekend, saying the British economy would have more room for fiscal stimulus now if he had pursued responsible budget policies previously, as Chile has.Read full article... Read full article...
Thursday, April 02, 2009
Stock Market Random Walk Continues / Stock-Markets / Financial Markets 2009
Equities take heart from marginally less awful than expected auto sales and Geithner's fighting talk of the economy gaining “traction” . G20 cheerleading helped as well, as a positive view on the prospects of easing mark-to-market rules and how this may impact financials Q1 results. Short-termist smoke and mirrors if you ask me. Today's London G20 summit is in danger of over-promising and under-delivering.Read full article... Read full article...
Thursday, April 02, 2009
Impressive Showing for Stock Market Bulls / Stock-Markets / Stock Index Trading
The indices closed with a strong gain, near the highs for the day, but the day started out very differently. The pre-opening & overnight futures were down sharply, the indices gapped down big, retested Monday's lows, made higher lows and then rallied sharply in the morning, and that carried right through to about noon. They did back off after the lunch hour, but came on again and made higher highs, had a very sharp pullback with about 45-50 minutes to go, but held the earlier reaction lows and came on again and closed sharply higher.Read full article... Read full article...
Wednesday, April 01, 2009
The Soft Financial Panic of 2009 Has Just Begun / Stock-Markets / Financial Crash
Boston's Clarendon Street sits on one of city's most iconic buildings. It's also the symbol of what could kick off what I call the “Soft Panic of 2009.”
Locals know it simply as “The Hancock.” The 60-story frame wrapped in reflective blue glass makes it look like the tallest mirror in the world. I'm sure it was an impressive sight when it was built in the 70's. It still is.
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Wednesday, April 01, 2009
Gold and Financial Markets Forecasts 2009 -Update / Stock-Markets / Financial Markets 2009
This is a follow up to the 2009 year forecast issued on Jan 16, 2009. In the first quarter of 2009, we reached the climax of US banking and financial collapse.
* Citigroup was brought down by souring mortgages and traded below a dollar. US government now has a controlling stake.
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Wednesday, April 01, 2009
G20 Gathering on All Fools Day / Stock-Markets / Financial Markets 2009
Despite poor data from the Chicago PMI, weak consumer confidence and more dire housing data, stocks jumped back . It turns out that the world decided that Monday's sell-off was just a buying opportunity for bargain hunters? A change may be coming Thursday to “mark to market” from the FASB (see below). The bad news was that we had another negative quarter, but March was an up-month for the broad index readings.Read full article... Read full article...
Wednesday, April 01, 2009
Stock Market Indices Up, But Close Well Off Rally Highs / Stock-Markets / Stock Index Trading
The indices had an up-day on Tuesday, but the edge was taken off the positive gains with a very sharp setback in the last hour that took the indices way off their rally highs.Read full article... Read full article...
Tuesday, March 31, 2009
Stock Market Rally Built On Sand? FASB Can Help! / Stock-Markets / Stocks Bear Market
It is apparent many have jumped on the "a low is in" bandwagon in recent weeks. Given the environment we are operating in (a bear market), it makes sense for us to adopt a skeptical view of the "good" news that lifted stocks in recent weeks. The rally began after Citigroup's talk of being "profitable" somehow found its way to the media on March 10, 2009. Below is a skeptical recap of some of the drivers of the impressive rally in stocks since the March 9, 2009 low.Read full article... Read full article...
Tuesday, March 31, 2009
Stock Market Slides on Negative News / Stock-Markets / Financial Markets 2009
Unadulterated risk aversion returned on Monday. The day started with the news the US had rejected proposals for auto industry rehab, moved on to a vicious fall in Japanese industrial production but then the mood was briefly lifted by an increase in UK mortgage approvals. However, markets descended back into gloom as Ireland was downgraded by S&P (it was a case of when not if), then focused on the woes of the US auto industry with GM, now equated with Gimmie Money or Government Motors, and finished by looking at the ever-deeper quagmire that AIG are in. Somewhere in the middle of all this, ECB President Trichet failed to rule out buying corporate bonds, though helicopter Jean Claude doesn't sound quite right.Read full article... Read full article...
Tuesday, March 31, 2009
Is the Stock Market Rally Over? / Stock-Markets / Stock Index Trading
The S&P500 market, along with the other equity markets, rallied sharply and created a massive gain of 20% in a matter of weeks. This is the biggest and fastest gain that these indices have seen since the 1930s.
So the question is: Is the move over, or is this the pause that refreshes?
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Tuesday, March 31, 2009
Stocks Bear Market Bounce / Stock-Markets / Stocks Bear Market
The chart below (courtesy decisionpoint.com) says it all: Based on rolling 12 months historical earnings – adjusted for Generally Accepted Accounting Principles – the Price/Earnings ratio of the Standard and Poor 500 Industrial Index in the USA was 54.51 as at March 27th 2009Read full article... Read full article...