Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Monday, June 05, 2017
Stocks Extend Their Uptrend As Indices Reach New Record Highs Again / Stock-Markets / Stock Market 2017
Our intraday outlook is now bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Monday, June 05, 2017
Is the Stock Market Correction Over? / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues with a loss of upside momentum in weekly indicators.
SPX Intermediate trend: Correction over. May be heading for about 2500.
Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
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Monday, June 05, 2017
Last Week’s Stock Market Shallow Drop Portends Bigger Drop Ahead / Stock-Markets / Stock Market 2017
Last week, I was looking for a pull back into May 31’s 8 TD low. The move down, however, was extremely shallow (wave ‘b’ 2418 down to 2403) and wave ‘c’ of Y looked to have finished on June 2 (or will finish by June 5 near 2440). The trines of June 1 (Venus trine Saturn) and June 3 (Sun trine Jupiter) are usually found near tops.On June 3, we have Venus conjunct Uranus in Aries (Mars rules Aries) and then the Sun squares Neptune in Gemini-Pisces June 4 while the Mars opposition to Saturn (May 29) orb still influences about two weeks out (through the end of next week). Mars leaves Gemini the same day and enters Cancer.
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Sunday, June 04, 2017
DOW Joins the Stock Market New All-time Highs Party / Stock-Markets / Stock Market 2017
The week started at SPX 2416. After a pullback to SPX 2404 by Wednesday morning the market rallied to all-time highs on Thursday/Friday, hitting SPX 2440. For the week the SPX/DOW gained 0.80%, and the NDX/NAZ gained 1.55%. Economic reports for the week were mixed. On the downtick: consumer sentiment, the Chicago PMI, pending home sales, construction spending, monthly payrolls, the WLEI, the Q2 GDP estimate, plus weekly jobless claims and the trade deficit rose. On the uptick: personal income/spending, the CPI, Case-Shiller, the ADP, ISM manufacturing, plus the unemployment rate declined. Next week’s reports will be highlighted by ISM services and factory orders.
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Saturday, June 03, 2017
The Stock Market Crash of 2017 That Never Was But Could it Still Come to Pass? / Stock-Markets / Stock Market Crash
I add this, that rational ability without education has more often raised a man to glory and virtue, than education without natural ability. Marcus T. CiceroFor the past few years much the angst of many experts we have consistently stated that the markets were not ready to crash. From late 2016 to early 2017, many former Bulls who predicted the direction of this market quite well, suddenly decided that the stock market was ready to crash. We, however, begged to differ, and we provided two very simple reasons for our stance.
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Friday, June 02, 2017
Terrific Stock Market Day for Wall Street / Stock-Markets / Stock Market 2017
The stock market started off the month with a big bang, first gapping up, and then pulling back sharply, like it did yesterday, except today it rallied the rest of the day, finishing at the highs for the day going away and at new all-time highs.
Net on the day, the Dow was up 135.53 at 21,144.18. The S&P 500 was up 18.26 at 2430.06, closing at the highest close in its history and at the high for the day. The Nasdaq 100 was up 27.71 at 5816.51, closing within pennies off the high for the day and new all-time high.
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Friday, June 02, 2017
...It is coming.' Read What Robert Prechter Sees around the Corner / Stock-Markets / Financial Markets 2017
Dear Investor,
"That time still lies ahead, but it is coming." - Robert Prechter says on the first page of his Elliott Wave Theorist.
The major market Bob refers to could be the opportunity of a lifetime. And the quote above could be considered the theme of this issue.
It's because of issues like this that Elliott Wave International's subscribers survived and thrived throughout the Great Recession as well as the bull run that followed -- one of the longest, steepest in history.
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Thursday, June 01, 2017
Stocks Extend Channel, Possible Super-Bull Run? / Stock-Markets / Stock Market 2017
Recently, lots of news items have been discussing the run in the US equity markets and “how long can it go on like this?”. Our analysis of the markets shows us that many of these industry analysts are failing to consider one very important factor in much of their results. We wanted to share this with you through our own analysis so you have a clear picture in your head regarding the potential for US equities.
In our opinion, most of the industry leading analysts are developing conclusions based on Keynesian models that fail to adjust to recent disruptions in the global markets. Keynesian theory is focused on aggregate demand and the variations of this demand factor through normal and recession/depression economic events. In simple terms, as economies falter, Keynes suggested demand would suffer as a result of constrictions within the overall economy as a natural factor. His theories were radically opposed to those of the times (early 1900s) and proposed that government intervention to support demand would provide a more substantial economic recovery as savers would be converted into consumers and economic activity would inherently increase.
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Thursday, June 01, 2017
Stocks Fluctuate Along Record High - Which Direction Is Next? / Stock-Markets / Stock Market 2017
Our intraday outlook remains neutral, and our short-term outlook is neutral. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Wednesday, May 31, 2017
Promising Start to Stock Market Decline... / Stock-Markets / Stock Market 2017
This morning’s decline appears to be a promising start, but we would need a decline beneath the Wave [iv] low at 2397.99 to have any confidence that the decline is for real. Otherwise it may be subject to whipsaw and a possible new high.
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Wednesday, May 31, 2017
Will there be Another New Stock Market High? / Stock-Markets / Stock Market 2017
Good Morning!
This morning’s SPX futures are higher, suggesting at least a challenge of the 2418.71 high if not a new high. The decline from Thursday’s high does not appear impulsive, so the chances are better than even for another attempted high. Right now the best estimate for a new high would be the Cycle Top at 2421.48…just in time for the quarter-end.
ZeroHedge reports, “t has been another quiet session for global equity markets, with S&P futures flat, as are European and Asian stocks, which is perhaps odd, as there was quite a bit of newsflow and, in the case of China, outright fireworks.
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Wednesday, May 31, 2017
The New Stocks Bull Market of 2017! / Stock-Markets / Stocks Bull Market
I cannot stress strongly enough the importance of understanding where the markets are currently technically located, with regards to different time frames and which help to guide all my trading and investing decisions.
The longer that the SPX is inside a ‘consolidation pattern’ and going sideways, the bigger the ‘Break Out’. There is a very strong bullish posture on all time frames within the markets. A unique ‘Sentiment Indicator’ has now been reset from being overbought to oversold, therefore, there is huge potential to the upside. Momentum has been reset! In my market article review, from last February 28th, 2017, I discussed that the “Stealth ‘Bull Market’ In Stocks Is Still In Progress!”.
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Tuesday, May 30, 2017
A New (questionable) Stock Market Uptrend? / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues with a notable loss of upside momentum.
SPX Intermediate trend: The correction from 2400 on 3/08 continues, with a B-wave still likely despite a new high.
Analysis of the short-term trend is done on a daily-basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer market trends.
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Tuesday, May 30, 2017
Currencies, and Some ‘Out There’ Thoughts on Inflation, Stocks, Gold and Miners / Stock-Markets / Financial Markets 2017
Uncle Buck’s index is weak and the SMA 50 is crossing below the SMA 200. Before long we will be reading about it in the media. Now let’s consider a theme we’ve promoted for years; when the media trumpet a “DEATH CROSS!” * it is time to brace for the opposite implication to the media’s bearish promotion. Our view has after all, included a decline to the mid-90s for the index. Meanwhile, USD/JPY is decent right at the SMA 50, USD/EUR and USD/CHF are at lateral support and USD is at least neutral vs. the Commodity currencies.
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Monday, May 29, 2017
Is a QQQ/NDX Stock Market Peak Looming? / Stock-Markets / Tech Stocks
The move from the Nov 2016 lows is one impressive move to say the least. I think its common knowledge that the majority of the recent upside on the QQQs is from a certain number of stocks. So until those tech stocks reverse or appear to suggest a reversal, then the QQQ/NDX is likely to continue higher.
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Sunday, May 28, 2017
The REAL Stock Market Remains Below Its February Highs / Stock-Markets / Stock Market 2017
For weeks I’ve been noting that stocks are being driven by a market rig.
By way of review, that rig is as follows:
1) Someone slams the VIX lower.
2) This forces risk-parity funds to buy stocks, usually the FANGs or large-cap Tech names (Facebook, Apple, Netflix, Google).
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Saturday, May 27, 2017
Malefic Planets, Cycle-Waves Portend Big Stock Market Drop Ahead / Stock-Markets / Stock Market 2017
May 17 saw one of the largest drops of the stock market this year. I believe we will see an even larger drop early next week. There are three distinct reasons apart from the daily MACD failing to make a new high along with the SPX. Firstly, we have Mars in Gemini opposing Saturn in Sagittarius on May 29, Memorial Day. This is a violent combination with each in a mutable sign. Either there is likely to be a terrorist attack (God forbid) or an attack on another nation that they will likely blame the drop on. I hope I’m wrong about the violence, but I’m positioned short with SPY puts based on other factors as well.
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Saturday, May 27, 2017
SPX/NDX/NAZ Hit New All-time Highs / Stock-Markets / Stock Market 2017
The market started the week at SPX 2382. After a gap up opening on Monday the market continued to rally until it hit a new high at SPX 2419 on Thursday. After that there was a small pullback to end the week at SPX 2416. For the week the SPX/DOW gained 1.35%, and the NDX/NAZ gained 2.25%. Economic reports for the week were mostly negative. On the downtick: new/existing home sales, durable goods, consumer sentiment, the Q2 GDP estimate, plus weekly jobless claims rose. On the uptick: Q1 GDP and the WLEI. Next week’s reports will be highlighted by monthly payrolls and the FED’s beige book.
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Saturday, May 27, 2017
GBPUSD Top in Place, GOLD Price Ready to Rocket? / Stock-Markets / Financial Markets 2017
My Bias: short below parity.
Wave Structure: continuing impulsive structure to the downside in wave (5)
Long term wave count: decline in wave (5) blue, below parity
Important risk events: GBP: N/A. USD: N/A.
Friday, May 26, 2017
Stock Market & Crude Oil Forecast! / Stock-Markets / Stock Market 2017
The SPX hit new highs and will see even higher highs! Goldman Sachs, is the latest bank to publish research, to justify the current high prices of the market and its year-end SPX price target. Goldman argues that the index can head higher to 2580 in this bull market trend.
The current rally continues to climb without a quantifiable pullback!
My proprietary technical model has now confirmed a NEW BUY SIGNAL on the SPX! This is a new signal informing us of the continuation of this rally. President Trump’s pro-business policies, along with soaring business and consumer optimism, is jet fuel for this bull market to continue even higher.
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