Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Tuesday, June 30, 2015
Greece Rocks Stock Market Lower... / Stock-Markets / Stock Markets 2015
The news over the weekend was bad regarding any possibility of a settlement with Greece, thus the markets in the Euro zone were getting hammered when trading opened up last night. We followed along as usual, and, as usual, we weren't as bad as they were, which is totally understandable, but we were down hard enough to make folks feel that nasty feeling in the pit of their stomachs, especially those overtrading in a risky environment. I had warned repeatedly last week that the risk was running higher and higher each day as we headed towards the deadline of June 30. That was the date when Greece had promised to bundle all of their payments in to one large payment. They made it clear that wasn't going to happen and that's when the negotiations began. Unfortunately they didn't go well and this is the result. We were lucky.
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Tuesday, June 30, 2015
Marc Faber - Greece is Basically Bankrupt / Stock-Markets / Eurozone Debt Crisis
Marc Faber, Editor of the Gloom, Boom & Doom Report, spoke with Bloomberg Television's Stephanie Ruhle, Joe Weisenthal and Scarlet Fu about the U.S. economy, financial markets and the Greek debt crisis.
Describing the situation in Greece, Faber said: "My sense is that they will come to some kind of an agreement in the last minute. But I don't think that's any positive because Greece is basically bankrupt. The debt should be written down by 50 percent or more. However, I have this to say. I don't believe that stocks are going down because of Greece. I believe that the market has been weakening internally for a long time."
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Monday, June 29, 2015
Greece - Shoot the Dog and Sell the Farm / Stock-Markets / Eurozone Debt Crisis
“If this were a marriage, the lawyers would be circling.” - The Economist, My Big Fat Greek Divorce, 6/20/2015
Greece is again all the buzz in the media and on the commentary circuit. If you’re like me, you are suffering terminal Greece fatigue. You just want Greece and its creditors to “do something already” rather than continually coming to the end of every week with no resolution, amid finger-pointing and dire warnings from all sides about the End of All Things Europe – maybe even the world.
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Monday, June 29, 2015
Grexit?, BIS Warning, Chinese Market Crash & Systemic Risk Shake the Global Economy / Stock-Markets / Eurozone Debt Crisis
- Persistent low rates leave central banks with no ammunition to fight next crisis
- BIS says short-sighted central banks and governments contributed to current weaknesses
- Lack of policy options have forced some central banks to stretch “boundaries of the unthinkable”
- Bust in developed economies the main risk facing global economy
- Greece prepares to default
- China markets routed overnight
- Gold will be last man standing when currencies collapse
Monday, June 29, 2015
Bubbles Never Pop Painlessly / Stock-Markets / Liquidity Bubble
Investors are obsessed over predicting the timing of the Fed's first interest rate hike. Will it raise the Fed Funds rate in September, or wait until next year? But it is far more important to get a grasp on the pace of rate hikes. Will it be a one and done move, or does this mark the beginning of an incremental tightening cycle? Those of us who are not in the inner circle are forced to only speculate.
But one thing is certain: If history is any guide, whatever they do the Fed will get it wrong. Most market commentators place unfounded belief in the Fed's acumen. But the truth is: I wouldn't trust the Fed to tell me what the weather is going to do in the next 30 seconds -- even if they were looking out the window.
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Monday, June 29, 2015
Volatility and Sleep-Walking Markets / Stock-Markets / Stock Markets 2015
It is with immense pleasure that I can introduce the return to The Automatic Earth of my friend and co-founder Nicole Foss. If only because I myself can now retire to a beach chair…. (not).
With the violent swings that have started and been amplified in Asia overnight, as well as in European and US futures, Nicole’s piece on volatility is quite pertinent.
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Monday, June 29, 2015
Greece BANKRUPT! Financial and Economic Collapse to Follow IMF Debt Default / Stock-Markets / Eurozone Debt Crisis
Syriza government betrays Europe and the Greek people says angry EU President Juncker, by Syriza lying to its people on the truth of Greece's proposed bailout conditions and that he has no trust left in Tsipras. Juncker in blunt language made it clear that a NO vote on the 5th July referendum (that I don't think will actually be held) would mean that Greece will be kicked out of the euro-zone.
“’No’ would mean, regardless of the final question, that Greece is saying no to Europe,”
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Monday, June 29, 2015
Stock Market More Decline Ahead? / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - Waiting for confirmation that the ending diagonal is complete.
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 discusses the course of longer market trends.
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Monday, June 29, 2015
China Stock Market Crackup - The Final Trap Looms... / Stock-Markets / Chinese Stock Market
What was predicted for China has started to happen with the dramatic failure of its parabolic uptrend just over a week ago leading to a plunge. The update China Crash was posted when all indicators were at "nosebleed" levels late in April, right after which the third steepest fanline shown on our 1-year chart for the Shanghai Composite Index below was breached. Somewhat amazingly, that overbought peak late in April was not the final top - it rose even higher into early-mid June, but after that, just over a week ago, it finally broke below the parabola and started to cave in.
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Monday, June 29, 2015
Possible Stock Market Panic Coming! / Stock-Markets / Stock Markets 2015
Last week, I warned of a possible Head and Shoulders Pattern Top looming. Back in the 1980’s, I learned how to do minimum down side measures by measuring the distance from the head to the neckline and then adding it to the neckline. The current minimum measure is for SPX 2003. I also noticed that quite frequently one could also figure the bottom day of the down side move by taking the first touch point of the neckline and counting the trading days to the head (this case it is 10 trading days from 5/6 to 5/20) and then adding that number (10) to the last touch point on the neckline (6/15) + one more trading, which would give us June 30 for the possible low.Read full article... Read full article...
Sunday, June 28, 2015
Greece Banking System Collapse Monday as ECB Pulls the Plug, Capital Controls Ahead of GrExit / Stock-Markets / Eurozone Debt Crisis
It looks like the 'game theory' playing Tsipras and Varoufakis are succeeding in having Greece thrown out of the Euro-zone as the ECB after financing every single euro withdrawn from the Greek banks for the past 5 years, Euro-zone tax payer funds amounting to E130billion, has finally today announced that it has effectively pulled the plug on the Greek banking system by stating that the ECB would not extend its emergency lending support programme for the Greek banking system that is haemorrhaging billions of euros on a daily basis.
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Sunday, June 28, 2015
COMPQ Elliott Wave Analysis / Stock-Markets / Stock Markets 2015
The spike to new highs could be counted as a small thrust from a triangle 4th wave, so we would need to see a large decline now back under 5000 to suggest the idea of a possible end to wave [5] of the larger wave 3, short term its yet to show a small 5 wave decline, but if it can remain below 5120 then I would favor more weakness now and target more downside. The NDX failed to make a new yearly high so we have a small divergence between the COMPQ and NDX.
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Sunday, June 28, 2015
On Monday, It’s China Versus Greece / Stock-Markets / Financial Markets 2015
Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because of two big stories that hit over the weekend. First, Greece decided to put the draconian demands of its European creditors to a popular vote, to which the creditors responded by cutting Greece off from new bailout money. Greek citizens, now staring down the barrel of capital controls and/or bank failures, are busily emptying their bank accounts:
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Sunday, June 28, 2015
FTSE 100 Could Rise on Rates / Stock-Markets / UK Stock Market
Stock markets in the UK have been attempting to recover from recent declines and regain the foothold that was established earlier this year in the 7140 region. Most global stock benchmarks have had a positive year in 2015 but the story has been somewhat different in the UK where there is still the peripheral impact of sovereign debt in the Eurozone to complicate investment ideas.
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Saturday, June 27, 2015
Stock Market Uptrend/downtrend Inflection Point / Stock-Markets / Stock Markets 2015
The market started the week at SPX 2110. A gap up opening took the SPX to 2130 on Monday, the high for the week. Then the market pulled back every day, including Friday, to end the week at SPX 2102. For the week the SPX/DOW were -0.4%, the NDX/NAZ were -0.7%, and the DJ World index was +0.1%. Economics reports for the week were mostly positive. On the uptick: existing/new home sales, personal income/spending, FHFA prices, the PCE, consumer sentiment, the WLEI, and Q1 GDP improved. On the downtick: durable goods, plus weekly jobless claims rose. Next week’s reports will be highlighted by Payrolls, the Chicago PMI and ISM manufacturing. Best to your week!
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Saturday, June 27, 2015
Flatline Investing and Dead End Debt Schemes / Stock-Markets / Stock Markets 2015
Next Tuesday is the end of the first half of 2015. As of today, the Dow has once again rallied up to break the magical 18,000 line, holding this level after coming within inches of this level for the first time on December 5, 2014....now 139 trading days ago.
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Friday, June 26, 2015
Stock Market - Why I am Ultra Bearish over the Long Term / Stock-Markets / Stock Markets 2015
Some interesting developments are playing out in long term charts that make me feel comprehensively bearish over the long term:
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Friday, June 26, 2015
Stocks and the Slippery Roads For the Rickshaw Economy / Stock-Markets / Stock Markets 2015
Stocks were weak Thursday on the 'better than expected' consumer spending number.
Jobs remain weak, despite the spin about The Recovery™.
There are jobs that will provide a poverty wage, and workers are increasingly insecure in an on-demand, rickshaw economy.
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Thursday, June 25, 2015
Chinese Stocks: "How to Think Like a Billionaire Investor" / Stock-Markets / Chinese Stock Market
What's next for the high-flying Shanghai Composite?
With China's main Shanghai Composite index up almost 40% this year, and the tech-heavy Shenzhen Composite index up more than 90% YTD, are Chinese stocks in a bubble?
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Thursday, June 25, 2015
Greece and Stock Market Divergences.......Transports Ugly.... / Stock-Markets / Stock Markets 2015
The market was gapping down just a drop heading in to the trading day. Nothing to get upset about but, then came the news many didn't want to hear. Talks regarding Greece breaking down, which is not unexpected. The futures fell further still and down we went. Gap down and run for the most part. Not a terrible day by any means. Not a bearish day big picture by any means, but it was a decent down-day with Greece being one part of the equation along with negative short-term divergences being the other culprit. They were pretty large, and, thus, some selling could have been expected.
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