Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Monday, June 27, 2016
Stock Market SPX Below Mid-Cycle Support / Stock-Markets / Stock Markets 2016
The SPX Premarket fell beneath mid-Cycle support/resistance this morning at 2026.59. As I write, it has bounced to retest the resistance. It appears likely that it may hold.
ZeroHedge reports, “US equity futures are tumbling at the open following Cable and USDJPY's dive. Dow futures dropped 100 points (down 900 points from pre-Brexit highs) and broke below Friday's early crash lows...”
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Monday, June 27, 2016
Stock Market: Thirteen Months Down, And Now... Brexit / Stock-Markets / Stock Markets 2016
I prepared this article on the 13th month anniversary of the last S & P 500 all time high... the market has been down for over a year, but MCIM portfolios continue to grow in both working capital and realized base income. Income CEFs continue to rally.
I'm confident, regardless of where "Brexit" takes us in the financial markets, that the scenario Friday, and any continued downturn, will prove to be yet another investment opportunity that we will be able to take advantage of.
Monday, June 27, 2016
More Market Short-Term Uncertainty As Stocks Extend Their Two-Month Long Consolidation / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook is neutral, and our short-term outlook is neutral. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Monday, June 27, 2016
Another Stocks Bear Market? / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX Long-term trend: A lengthy correction is most likely underway!
SPX Intermediate trend: Brexit has most likely initiated a decline of intermediate nature.
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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Sunday, June 26, 2016
Investors Map Post-Brexit Strategies Amid Global Market Upheaval / Stock-Markets / Financial Markets 2016
Pulling data and information from around the globe, this is a nice round up story from Bloomberg about how Credit Suisse Group AG, Morgan Stanley, Charles Schwab & Co, Deutsche Bank AG and others are starting to map post-Brexit strategies around stocks, currencies, bonds, emerging markets, corporate debt.
- Flummoxed investors seek havens, bargains in uncharted waters
- History suggests more losses, months before a full recovery
Sunday, June 26, 2016
Weekly Nasdaq NDX Chart / Stock-Markets / Stock Markets 2016
Here is a basic chart of Nasdaq-100 ticket symbol NDX showing a few different techniques used. This shows about 5% of what I use in determining my decisions trading the market.
First you may notice the down channel trendlines with 2 consolidation periods. We are currently breaking out of the second one.
Breaking out from a large ascending wedge, and consolidation channel shown on the chart. Looks very similar to the last one. Take notice of the violated trendline on the wedge with a backtest in both.
Sunday, June 26, 2016
The Stock Market is Not Topping / Stock-Markets / Stock Markets 2016
Stocks may move down into an intermediate cycle low over the next 15 trading days. If they do we will again hear the perma bears calling a new bear market. They will be wrong again as they continue to be wrong over and over.
The S&P has tested the 2100 level 9 times. There is no such thing as nonuple top. Heck there’s really no such thing as a triple top. When a resistance zone gets tested this many times it’s a consolidation before a breakout, not a top.
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Sunday, June 26, 2016
Stocks Bear Market Resumes or Just More Noise / Stock-Markets / Stock Markets 2016
The market started this volatile week at SPX 2071. After a gap up opening on Monday to SPX 2101 the market pulled back until Wednesday when it hit SPX 2084. Another gap up opening on Thursday carried the market to SPX 2113. Then Brexit was confirmed and markets worldwide plunged on Friday. For the week the SPX/DOW were -1.6%, and the NDX/NAZ were -2.0%. Economic reports were biased negative for the first time in quite a while. On the downtick: new home sales, durable goods, consumer sentiment and the Q2 GDP estimate. On the uptick: FHFA housing, existing home sales and weekly jobless claims declined. Next week’s reports will be highlighted by Q1 GDP, PCE prices and the Chicago PMI.
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Saturday, June 25, 2016
Dow, Euro & Brexit Recap / Stock-Markets / Financial Markets 2016
What a day! Some extremely volatile action took place that will live on in the memories of all those that witnessed it.
So, what to make of it all?
Well, this analysis will focus on the Dow and Euro and quite frankly there is nothing out of the ordinary to report which may sound strange. Today did nothing to alter what has been outlined in previous analysis. In fact, it played right into my forecasts which are for the Dow to head down to set up a higher low and the Euro to also head further down a bit more and set up its own higher low.
Saturday, June 25, 2016
Financial Markets Roiled as Britain Votes Itself Out of EU / Stock-Markets / Stock Markets 2016
Britain has voted to exit the European Union and its prime minister has resigned in the wake of the Brexit vote. The markets have, so far, reflected the world's uneasy reaction to the event. But it is early days, says newsletter writer and technical analyst Clive Maund, who offers his views on the day after Brexit.
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Saturday, June 25, 2016
BrExit Vote - "The Trend is Set" -- And What You Should Pay Attention to Next / Stock-Markets / Financial Markets 2016
Steve Hochberg and Pete Kendall, co-editors of our monthly Financial Forecast, sat down with ElliottWaveTV to discuss the volatility that followed Thursday's Brexit vote.
Learn what the Brexit vote represents -- and its implications for the world markets and economies.
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Saturday, June 25, 2016
Brexit Surprise.....Will Others Follow Britain?....Still Nothing Bearish Yet... / Stock-Markets / Stock Markets 2016
If you looked at the action yesterday one would have thought that Britain staying was a slam dunk. Poll after poll showed a tight race, but all of them had them staying. The market was smelling this out, and, thus, the strong action the market displayed yesterday. Funds were running to the buy button as they were afraid to miss the breakout over 2134 on the S&P 500. The market closed just one percent below that magical level that had the bulls frothing. Breadth was strong yesterday as well. Buying across the board, especially those financial stocks that were bound to explode once the vote for staying in the euro zone was completed. Sadly, and as usual, the masses were wrong. Why this reality occurs over and over again with regards to the stock market is a mystery, but the masses were clearly wrong once again.
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Saturday, June 25, 2016
Was Brexit a Quid Pro Quo for a Bank Bailout? - Video / Stock-Markets / Credit Crisis Bailouts
Minako 64 here home of alternative economics and contrarian views
it's been a very long 24 hours I cover the brexit results all night last night
the markets were all over the place you know depending on the result in one of
the results are coming out and very interesting you know very good in my
opinion that the British people decided to leave the EU the U is an
unaccountable institution in my opinion very undemocratic and bureaucratic and
socialistic so that's good but i do have a few questions that have popped in my
mind over the last few months the first one is the fact that David Cameron before the last general election
last year he said that's a if he won he would call for a referendum on whether
Saturday, June 25, 2016
A Tale Of Two Asset Classes: Gold Miners Soar, Banks Crash / Stock-Markets / Financial Markets 2016
The following tables illustrate the dilemma of mainstream money management. The vast majority of legitimate financial advisors and portfolio managers are big fans of bank stocks because finance is a crucial, if not dominant, form of economic activity in the modern world. So the big names in the field — Goldman Sachs, Deutsche Bank, JP Morgan, etc. — are generally seen as safe places to put client capital.
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Friday, June 24, 2016
Jubilee Jolt: Markets Crash, Gold Skyrockets as Britain Takes Brexit / Stock-Markets / Financial Markets 2016
As of the time of this writing most of the votes have been counted and it appears Britain has voted to leave the European Union.
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Friday, June 24, 2016
Famous Technical Analyst Now Predicting Financial Markets Crash During Jubilee Time Period / Stock-Markets / Financial Markets 2016
The flurry of banksters, ex-banksters (Alan Greenspan), insiders (Soros) and billionaires all warning we are on the edge of collapse now continues with a famous technical analyst.
In an interview with Business Insider, Sandy Jadeja just predicted market crashes in late August, late September and late October.
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Friday, June 24, 2016
How Investors Are Impacted By The Central Banking Bubble / Stock-Markets / Liquidity Bubble
Bubbles are not new. The tulip mania, for instance, peaked some 400 years ago. Interestingly, there is one common characteristic about bubbles: that they are considered ‘normal’ during the bubble but ‘abnormal’ after their implosion.
Nowadays, it seems that the whole world has accepted zero (even negative) interest rates. Media and your friends write about negative interest rates as if that is nothing special, and people do not have make a point about it. Never in history, at least not in regular times (non-war), have interest rates been negative. Does this sound like a bubble?
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Thursday, June 23, 2016
E-Wave Says BIG Down in Stock Market June 24th / Stock-Markets / Stock Markets 2016
The chart below of the S&P 500 suggests a move down to around 2041/42 early Friday, June 24 or about 3% down from today’s high near 2107. The e-wave astro/cycle pattern also suggests a strong move back up into Tuesday, June 28 to perhaps as high as 2121/22. By July 5th, a move into the low 1900’s is possible.
Everybody is focusing on the BREXIT, so the outcome, whatever it will be, will likely be the blame for the coming volatility. We shall soon find out. It is 12:30 CDT as I write this. I still see new highs by October 3rd.
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Thursday, June 23, 2016
Stock Market Waiting for the Reversal / Stock-Markets / Stock Markets 2016
SPX has made a measured move, so far. The rally from the 2050.37 low has taken 34 hours. Another .4 hours would make it divisible by 4.3. you can see that the volume is low, so there is little participation or short covering.
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Thursday, June 23, 2016
Stock Market Fluctuates on Concerns Ahead of Brexit / Stock-Markets / Stock Markets 2016
The stock market indices had a very volatile session, first starting off with a little bit of a dip, then a strong rally to test Monday’s highs, and when they were unable to take those out they came down in a strong midday decline, but snapped back early afternoon. However, that failed to take hold, but it was just a retest. The indices then had a 5-wave decline into the close, finishing near the session lows, just bouncing right off them into the close.
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