Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.
Saturday, April 09, 2016
Stock Market Risk-off Gaining Momentum / Stock-Markets / Stock Markets 2016
By: Tony_Caldaro
The week started at SPX 2073. After an attempt to make new uptrend highs on Monday the market pulled back to SPX 2043 by Wednesday morning, then rallied to 2061 in the afternoon. Thursday’s gap down opening took the market down to SPX 2034. Friday had a gap up opening carrying the market to SPX 2061. Then the market reversed to end the week at 2048. For the week the SPX/DOW lost 1.2%, the NDX/NAZ lost 1.3%, and the DJ World index lost 0.7%. On the economic front reports came in even. On the uptick: ISM services, consumer credit, the WLEI, plus weekly jobless claims improved. On the downtick: factory orders, wholesale inventories, the GDPN, plus the trade deficit widened. Next week’s reports will be highlighted by Industrial production, the FED’s beige book and the CPI.
Saturday, April 09, 2016
Stock Market Weekly Charts Showing Some Hesitation At Trend Line Resistance... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
So the market gapped up again as usual this morning due to the fed speak from last night. Any time the fed opens her mouth the market can't wait to rise. Flat futures became rocking futures even though the action from yesterday was quite bearish in nature for the very short term. Follow through for the bears? Are you becoming a comedian? No chance. Even before the fed spoke the futures were only flat. No follow through even in the futures to a bearish candle stick day. So the market blasted up today and went higher after that as usual but finally those very elevated Macd and other oscillators kicked in a bit and allowed the market to print more short term bearish candles. Will it matter? Probably not but a short term warning sign nonetheless even though you can not count on any normal technical analysis to work these days. We trade on the fed, not technical's.
Saturday, April 09, 2016
Stock Market Resistance has Failed / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
SPX bounced to 2060.69, then impulsed back down through the trendline. It appears to have finished correcting that decline. This may be an excellent time to add short positions.
The fact that the Fed will Hold a Closed, Unexpected Meeting Under "Expedited Procedures" On Monday To Discuss Rates adds to the intrigue for what may happen on Monday.
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Friday, April 08, 2016
Stock Market Negative Down Day with Potential to go Lower / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had a negative session today. The day started out with a breakdown, they gapped lower, bounced off support, but shortly took out support at 4510 Nasdaq 100 and 2054 area S&P 500. During the rest of the session they came down in the morning, bottomed, and then tried to rally the rest of the day, but held at resistance and went lower. In a decidedly-negative down channel, the indices closed off the session lows, bounced in the last hour, but it looked more like a bear flag than anything else.
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Friday, April 08, 2016
US Stock Market Bulls Are the Most Complacent Since 2008! / Stock-Markets / Stock Markets 2016
By: Chris_Vermeulen
I have to trade and invest in the markets that I have before me and not the ones that I desire! Therefore, I must be able to approach the market place from a completely ‘unbiased’ perspective. I do not care if the markets doubles in price, or if it is cut in half. I take advantage of moves in both directions by using my ‘short term spikes’ which I have shown you, over the past couple of weeks, in order to lock in profits in as short a period as 48 hours.
Thursday, April 07, 2016
Stock Market Nice & Nasti / Stock-Markets / Stock Markets 2016
By: Denali_Guide
Volume & Breadth
Two reliable tools in my kit.
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Thursday, April 07, 2016
SPX Challenging 4.3-year Trendline / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
SPX is challenging its 4.3-year trendline at 2055.00 in the Premarket this morning. Should it break through, we may see Intermediate-term support at 2033.81 being challenged next.
ZeroHedge reports, “Two days after stocks slid in a coordinated risk-off session, and one day after a DOE estimate of US oil inventories sent US stocks surging while the failed Allergan-Pfizer deal unleashed torrential hopes of a biotech M&A spree leading to the single best day for the sector in 5 years, sentiment has again shifted, this time due to a violent surge in the Yen as the market keeps testing the resolve of the Japanese central bank to keep its currency weak, and so far finding it to be nonexistent.
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Thursday, April 07, 2016
Dow Jones Complacency Hits New Heights / Stock-Markets / Stock Markets 2016
By: AnyOption
What a difference two months can make as evidenced by the rapid rebound in the Dow Jones Industrial Average. A quick look at one of the most commonly quoted American equity benchmarks shows a remarkable rally over the past two months. However, fundamentally, nothing is different now than two months ago. In fact, the increasingly hawkish commentary of the Federal Reserve and potential rate hikes in the first and second half of the year could spell the beginning of a new round of asset reallocation as the upside benefits are negated by the potential downside risks. Chasing after this latest rally higher in equities may not be wise considering the growing risks not only to the economic outlook, but additionally from the revenue recession currently sweeping across publicly traded American companies. Read full article... Read full article...
Thursday, April 07, 2016
Roadblocks to a Full-Fledged Stocks Bull Market / Stock-Markets / Stock Markets 2016
By: Clif_Droke
Since bottoming in February, the stock market "tape" has been very constructive. The NYSE advance-decline (A-D) line led the rally off the February lows, which is the first thing we look for when judging the strength of a bottom. Even more importantly, the cumulative NYSE new highs-new lows indicator continues to climb off its bottom of a few weeks ago and is advancing on a daily basis (below). Internal momentum, as reflected in the highs-lows, also remains positive.
Thursday, April 07, 2016
Outstanding Day for Biotech’s, Spectacular Stock Market Day Overall / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market had a spectacular day today. They opened strong, moved up in waves all day, and closed at the highs for the day going away.
Net on the day, the Dow was up 112.73 at 17,716.05. The S&P 500 was up 21.49 to 2066.66, within a point of its high. The Nasdaq 100 was up 73.03 to 4543.78, within a point of its high as well.
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Thursday, April 07, 2016
Fed Minutes Not Pretty....Bad News For Financial Stocks.... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
The fed minutes came out today and they weren't pretty, if you're a believer in the global economic recovery theme. Ms Yellen said the committee felt that there were still strong risks to the global economy, and, thus, the unspoken words were that there won't be any further rate cuts for a while. Financial stocks hated this and moved lower, which temporarily hurt the action in the overall market. Nothing terrible, but that sector took a big hit on the news. When the financial stocks are struggling, it's a lot harder for the market to move up simply because of the heavy weighting in those stocks. If Yellen had hinted anything about a global future recovery, they would have exploded.
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Wednesday, April 06, 2016
Does the Dow Sport a Triangle Formation? / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
Followers of the Dow see a potential Triangle formation in their analysis. They suggest that there will be one more decline, possibly to new lows, in a Wave [E] before the Dow rallies to new highs in 2017.
It is a credible claim, based on Elliott Wave guidelines. However, the triangle form does not appear in any other major indexes.
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Wednesday, April 06, 2016
The Janet Yellen Stock Market Rally! / Stock-Markets / Stock Markets 2016
By: Chris_Vermeulen
Currently, we are experiencing the SPX topping formation. Again, it is dangerously overextended. The SPX staged a strong rally due to the repeated actions of Central Bankers, during the month of February 2016.
Wednesday, April 06, 2016
Tough Day for the Stock Market / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had a tough session today and closed down on the day. The day started out with a big gap down, they rallied and recovered about 50% of their losses, and then rolled back down and retested those lows by midday. They managed to hold on for two occasions, first midday when they rallied back, but couldn’t get through the rally-back highs, and then they pulled back down again. The last hour wasn’t pretty as the markets gave it back and ended the day down sharply.
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Tuesday, April 05, 2016
Stock Market 21-Week Cycle High / Stock-Markets / Stock Markets 2016
By: Ed_Carlson
An examination of all US Presidential election years shows a peak in equity markets in early April followed by a drop into early June. The June low serves as a launching pad for equities to rocket to new highs by year-end not-withstanding the typical Sept/Oct weakness. A low in June matches the Lindsay forecast.
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Tuesday, April 05, 2016
SPX May be back in the Red for 2016 Before Long / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
The SPX decline stopped so far at 2044.92, just a point above last Friday’s low at 2043.98 and the December 31 close at 2043.94. The bounce may challenge the trading channel trendline near 2057.00 before the next decline.
ZeroHedge reports, “"Still No Confidence In The Rally" - that's the title of the latest weekly BofA report looking at the buying and selling by its smart money clients (institutional clients, private clients and hedge funds), which finds that not only were sales by this group of clients last week the largest since September, and the fifth-largest in our data history, but this was the 10th consecutive week of selling as absolutely nobody believed this fakest of fake "rebounds" in recent history.”
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Tuesday, April 05, 2016
Why You Shouldn’t Expect to See the Stock Market Reach New Highs / Stock-Markets / Stock Markets 2016
By: Harry_Dent
Stocks are once again rallying after another “mini crash” at the start of the year. We’ve had three of these things since October 2014 without much to show for it. As Adam warned Boom & Bust readers earlier this week, stocks have basically gone nowhere for a year and a half.
After the first crash in late 2014, stocks were able to eke out a new high into May of last year. But since then, stocks have failed to make new highs despite strong attempts like this one.
Ten months without a new high.
Tuesday, April 05, 2016
Weak Start to Stock Market Week / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had a tough session to start the week. It was a down day, for sure. The day opened down, they pulled back, popped, couldn’t get through the highs, and sold off to the morning lows and session lows by about 11-11:15 this morning. They then rallied midday, and could not get through the highs, rolled over, retested twice, but couldn’t break down as well. Enough damage had been done to create losses for the day.
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Tuesday, April 05, 2016
Stock Market Quiet Day.... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
Theoretically, I could end the newsletter right here. Not much to say about today's action other than it was quiet with the job being to try and unwind things a bit on those overbought charts. The market has been hanging out at overbought for quite some time, but it's now dealing with another headache other than those overbought daily charts. Most of the indexes are at major trend line resistance so a pause in the action does make some sense. If the indexes hang in tough for the next few days that would be a very positive sign for the bulls as it would mean they're able to hold off the bears and their attempt to push things back down. Unwinding without too much price erosion while staying close to the breakout area is a good thing for the bulls. The bears desperately need a major gap down that runs lower all day. They are getting plenty of overseas bad news to snack on, but it seems the market doesn't care.
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Monday, April 04, 2016
SPX has Ceased its Rally / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
SPX appears to have left a high of 2075.07 near the close on Friday and has ceased rising. It still needs to break the trendlines with the 4.3-year trendline near 2050.00. A short entry may come at the bounce off the trendline, especially if confirmed by the VIX.
Bloomberg comments, “U.S. stocks slipped from their highest levels this year, with declines in consumer and industrial shares overshadowing gains in health-care companies, as investors looked for fresh reasons to continue a rally.
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