Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.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...
Monday, March 30, 2009
Stock Markets Blue Monday / Stock-Markets / US Stock Markets
It was a blue Monday to start off the week, yet another negative Monday in an ongoing bear market after a 2 1/2-week rally. They gave it all back with a sharp gap down at the opening, made lower lows for the next hour or two, but bounced and held 1205, which is key 6-day support on the NDX. The NDX made lower lows but was not confirmed by the SPX, and late in the day they had a snapback, short-covering type rally.Read full article... Read full article...
Monday, March 30, 2009
Better than Gold, My Favorite Way to Protect Against Inflation / Stock-Markets / Investing 2009
The U.S. Treasury Secretary said something very disturbing this weekend. It wasn't about the bank bailout though. It wasn't about how the administration decided to draw a line between bank and automaker CEOs. It wasn't about how a concrete deal for ongoing free trade (or anything else tangible or enforceable) will be reached at the G20 meeting.Read full article... Read full article...
Monday, March 30, 2009
The Physics of bouncing Dead Cats: Will DJIA pierce 6547 this time? / Stock-Markets / Stocks Bull Market
March 14, 2009 Professor Nouriel Roubini wrote a piece: Reflections on the latest dead cat bounce or bear market sucker's rally. Well he could be right, certainly the rally looked busted on Friday and grim on Monday,. plus Tom Dryden pointed out yesterday that those bank profits were thanks to a scam; someone called it a "fraud bounce" http://seekingalpha.com/article/128390-exclusive-big-banks-recent-profitab (but aren't bank profits always thanks to some sort of scam).Read full article... Read full article...