Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Monday, March 14, 2016
Silver Peak Likely Only After Dow Stock Market Crash & Major Bottom / Stock-Markets / Stock Market Crash
Last year, I produced the following chart and commentary (italics) to show how the Dow could crash like it did in 1929:
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Monday, March 14, 2016
Stock Market Dip Monday, Tuesday? Gold Topping / Stock-Markets / Stock Markets 2016
Last I wrote, I thought we might be breaking down out of a rising wedge pattern in the SPX. Apparently, many others thought the same thing, and you know what they say when too many agree. So many are thinking we go lower from here and that has me concerned. While I think we go lower over the next two days in the stock market (1957-62 SPX down about 3%) and I think that we are in the early stages of a bear market, the probabilities are we have one to two more weeks of general upside left before we top. My current upside targets are 2058-81 SPX.Read full article... Read full article...
Sunday, March 13, 2016
SPX Stocks Index At Tipping Point / Stock-Markets / Stock Markets 2016
Current Position of the Market
SPX: Long-term trend: Severe correction underway.
SPX: Intermediate trend – .618 retracement reached as well as total projection. End of rally likely.
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, March 13, 2016
Stock Market 'Reconsidering' the ECB's Recent Action / Stock-Markets / Stock Markets 2016
According to the official spin, traders 'reconsidered' what the ECB did this week, and what Draghi had subsequently said, and gleefully cast off all doubts and concerns about risks and started buying equities.
Yes, I am sure that this is what happened.
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Sunday, March 13, 2016
It’s Too Early To Short Stocks / Stock-Markets / Stock Markets 2016
Here are the cons to shorting the stock market:
The Fed and the PPT have a printing press. They have access to unlimited amounts of money, and they are extremely motivated in keeping the stock market propped up.
Most of the world is experiencing negative interest rates. Money is flowing out of those bond markets and it has to land on something.
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Sunday, March 13, 2016
Stocks Bear Market Rally or Not? / Stock-Markets / Stock Markets 2016
Everyone wants to really know if this is a bear market rally or will it make new all time highs on the SPX. It's been a while since I wrote an article, but in my last article I was looking for a minor new high for the SPX. To end the bull market that started from 2009. We never did see that, although we did see a new bull market high on the NDX.
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Saturday, March 12, 2016
Stocks Bear Market Rally Edges Higher / Stock-Markets / Stock Markets 2016
The market started the week at SPX 2000. After reaching SPX 2006 on Monday the market traded down to 1977 on Tuesday. Then after two gap up openings the market traded up to SPX 2005 on Thursday before selling off to 1969. By Thursday afternoon the market reversed and was making new uptrend highs, at SPX 2022, on Friday. For the week the SPX/DOW were +1.15%, the NDX/NAZ were +0.75%, and the DJ World index was +1.0%. Economic reports for the week again were slightly negative. On the uptick: wholesale inventories, the WLEI, plus weekly jobless claims improved. On the downtick: consumer credit, export/import prices, plus the budget deficit widened. Next week’s reports will be highlighted by the FOMC meeting, Industrial production and the CPI.
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Friday, March 11, 2016
Stock Market Rally is Abating / Stock-Markets / Stock Markets 2016
SPX has stopped rallying after a little more than 19.5 days from its February 11 low. Not much more can be said until it breaks the uptrend line at 1975.00. Most rallies of this nature usually take less time than this, so we can say that it is unusually long.
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Friday, March 11, 2016
Gold, Stocks and the Miners Analysis / Stock-Markets / Stock Markets 2016
One is the star of the year so far, grinding higher in what could be the launch phase of a new bull market as confidence wanes in the face of NIRP and other desperate global policy actions, and the realization that this disgraceful policy designed to spur speculation and asset price appreciation is all policy makers have got left in their bags of tricks. The endgame is a bag with a hole in it; a monetary black hole.
The other grinds on in what could be the last significant hope replenishing bounce before new downside is explored. Various US and global indexes are already in bear markets but casino patrons are trained to look at the S&P 500, Nasdaq 100 and Dow as “the stock market” and these have not yet gone ‘bear’. If the current bear-trend bounce fails however, that confirmation would be coming promptly.
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Friday, March 11, 2016
Stocks, It's all about Oil... / Stock-Markets / Stock Markets 2016
It’s all about oil as the IEA and banks do their best to elevate the price of oil, topping at 38.95 this morning while encouraging oil companies to raise cash with equity offerings at their newly inflated price so that their (bank’s) loans may be paid off. The obvious conflicts of interest (and possible jail time) are being ignored, indicating the sense of desperation about this maneuver.
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Friday, March 11, 2016
Mario Draghi's 'Shock and Awe' Market Campaign Morphs into 'Shock and Aw Shucks' / Stock-Markets / Financial Markets 2016
In a series of stunning market reversals, ECB president Mario Draghi's "Shock and Awe" campaign quickly morphed into "Shock and Aw Shucks".
Earlier this morning, Draghi pulled out a Bazooka Package that was supposed to sink the Euro and save the eurozone from the alleged evils of deflation.
Draghi's plan worked for all of 15 minutes. The market then had second thoughts on the Euro, on gold, on the German stock market, and on equities in general.
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Friday, March 11, 2016
Stock Market Truth Is Dangerous / Stock-Markets / Stock Markets 2016
The current bullish climb for US stock indices is now seven years old. Yet, many pundits, investment bankers, and even central bankers are warning that downside risk is growing. Maybe, but I believe stocks will likely continue their bull run. The February rally of 2016 was a clear result of ‘calendarization’. That is, the fourth quarter is always good so investors receive a pretty statement at the beginning of January. This makes all the lies the government tells about the economy seem copacetic. Central bankers and Wall Street shills make it so. Tired from a quarter of constant price manipulation, these manipulators take a few weeks off in January. Naturally without unnatural support, stock indices take a dive. Panicked at the thought of investors receiving a negative January monthly statement, the central banker manipulation crowd goes into overdrive in February pushing stock indexes back up so investor psyche will be soothed by a positive February statement. Still worried about negative first quarter statements courtesy of the January beating, the manipulators continue pushing indexes higher through March. We have seen this movie over and over. I call it ‘calendar-ization’. If clients ask what is happening in the stock carnivals, I check the calendar first. And like all rallies, this one was all based on lies (improving economics), false data (corporate earnings), and hope (central bankers will save us with more stimulus). The central bankers are throwing us a birthday party and it’s not even our birthday. So why are so many people pessimistic about price levels and the recent rally?
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Thursday, March 10, 2016
Stock Market Retracement High was Made... Prepare for What's Next / Stock-Markets / Stock Markets 2016
SPX clearly made a corrective high beneath Friday’s high before impulsively declining to its low at 1969.25. The 61.8% retracement is at 1991.39, where the bounce may be expected to go. We may see the ensuing decline begin in earnest either in the last hour of the day or overnight. Be Prepared.
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Thursday, March 10, 2016
Is This The End? Draghi Fires His Bazooka And Markets Turn Away In Disgust / Stock-Markets / Negative Interest Rates
ECB chair Mario Draghi delivered big-time this morning by announcing lower interest rates and a new round of debt monetization. Historically, this kind of thing has sent the financial markets into Pavlovian ecstasy, with stocks soaring and the local currency falling.
Sound money people have for years been warning that such New Age monetary policies are poison and that the markets would eventually wise up and react accordingly. Today, finally, that’s what they did. European stocks popped on the news — then dropped.
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Thursday, March 10, 2016
Mario Supersized Stock Market Stimulus / Stock-Markets / Stock Markets 2016
Mario Draghi supersized his stimulus announcement. EuroStoxx ramped after the announcement, but what will be the follow-through? Will this be another Kuroda, European style?
ZeroHedge Reports, “Well, the people wanted a "bazooka-sized" surprise from Draghi, and they got it.
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Thursday, March 10, 2016
SP500 Stocks Index still at 2,000 Mark - Which Direction is Next? / Stock-Markets / Stock Markets 2016
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,050, and profit target at 1,900, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish, as we expect a downward correction or short-term uptrend's reversal at some point. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence. We decided to change our long-term outlook to neutral recently, following a move down below medium-term lows:
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Thursday, March 10, 2016
Stock Market Update / Stock-Markets / Stock Markets 2016
Over the weekend, my thinking was we had higher prices ahead of us. I actually ignored the astrological reversal mid-zone of the Sun translating Neptune, Saturn and Jupiter on March 4th. My logic was the powerful, advancing MACD and momentum indicators. My main reservation was the lack of early volume.
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Thursday, March 10, 2016
Draghi On Deck... Stock Market Waiting On His Decision On Stimulus.... / Stock-Markets / Stock Markets 2016
We have had a bifurcated market for the entire year. The Nasdaq is now down nearly 7% for the year, with the S&P 500 down only a drop over 2%. Why is that you ask? Simple really. The bear market is froth, but still hasn't died as evidenced by the action in the world of the FANG!! Facebook, Inc. (FB), Amazon.com Inc. (AMZN), Google Inc. (GOOG), and Netflix, Inc. (NFLX), all slaughtered big time today, along with all of them losing key, exponential moving averages. Some lost all three in today's action alone. Merciless selling in leaders with high beta and higher P/E's.
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Thursday, March 10, 2016
Stock Market Smart Money is Quietly Getting Out of Dodge / Stock-Markets / Stock Markets 2016
It appears that SPX may close between 1894.35 and 1992.69 as an “inside day.” This denotes uncertainty in the market. However, there is no uncertainty. This is the best it can do to prevent an all-out collapse.
ZeroHedge comments, “One week ago, when looking at the latest BofA client flow trend monitor, we noticed something strange: despite the S&P's surge higher due to either a record short squeeze or because it is merely another bear market rally, the smart money was selling.
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Wednesday, March 09, 2016
Gold and Hillary’s Scary New Cash Tax / Stock-Markets / War on Cash
By Justin Spittler
The largest underground currency market in history...how to make huge investment gains from negative interest rates...none dare call it a tax.
Editor’s Note: This is the most important Dispatch we’ve published all year.
You won’t find our regular daily market commentary in this issue. Instead, you’ll find an urgent message from Casey Research director Brian Hunt. Right now, the government is planning a secret new tax. It involves a new way of taking money directly from your bank account…
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