Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Friday, January 25, 2013
Stock Market High Complacency, The Bear Will Decimate Your Wealth / Stock-Markets / Stock Markets 2013
The US stock markets have been surging in one heck of a January rally. The combination of the fiscal-cliff tax deal and generally solid Q4 earnings have propelled stocks to their best levels in 5 years. But these gains have been accompanied by stellar complacency. Traders are extremely bullish, convincing themselves this rally is only beginning. But high complacency near major highs really means serious downside risk.
As of the middle of this week, the flagship S&P 500 stock index (SPX) was up 4.8% month-to-date. Over half these gains came on January’s opening trading day, on great relief that Obama’s record tax hikes were averted for most Americans. The SPX then kept on marching higher on decent Q4 earnings, hitting 8 new cyclical-bull highs in just 13 trading days! It’s on track for its best January performance since 1997.
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Friday, January 25, 2013
Marc Faber - Markets Will Punish Keynsian Interventionists / Stock-Markets / Financial Markets 2013
Marc Faber, publisher of the Gloom, Doom & Boom Report, told Bloomberg TV's Betty Liu on "In the Loop" today that "regardless of what the markets do, near-term, a correction is overdue" on the S&P.
Faber also said: "The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary policy that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed's sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover."
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Friday, January 25, 2013
Mixed Stock Market Day, AAPL Pulling Nasdaq Down / Stock-Markets / Stock Markets 2013
The stock market had a very interesting, mixed day today, with the indices blue chips up slightly. The Dow was up, the S&P 500 was flat, and the Nasdaq 100 was down as Apple dropped a whopping 63.51, after the earnings report, on 52 million shares. This stock is fractionally under 450.00 in afterhours trading and is pretty much a disaster. It has gone from 705 to 450 in just a couple months.
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Friday, January 25, 2013
Apple APPL Stock is Leading Stock Market Reversal / Stock-Markets / Stock Markets 2013
AAPL’s nearly 65 point drop last night is not being favored with much of a dead cat bounce this morning. Part of the great unwind last night was a “long AAPL/short ES” paired trade gone sour. The momentum-chasing hedge funds couldn’t resist the concept, especially after the SPX decline going into the year-end. Unfortunately, AAPL’s momentum fizzled while the SPX went higher. The trade became a lose/lose proposition with no merit, especially after AAPL’s lackluster earnings report last night.
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Friday, January 25, 2013
Is Your Stocks Portfolio Ready for What’s Going to Happen? / Stock-Markets / Stock Markets 2013
Sasha Cekerevac writes: As corporate earnings season continues for S&P 500 companies, it is becoming quite evident that revenue growth is lacking across many sectors of the economy. However, we are continuing to see growth in corporate earnings per share.
How is this possible? One method is through share buybacks. S&P 500 corporations, which are generating very high levels of cash, are buying back shares and reducing the number outstanding, which increases the corporate earnings-per-share level.
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Thursday, January 24, 2013
Stock Market Last Believers: Government Grabs the Bag with Both Hands / Stock-Markets / Stock Markets 2013
The following is a sample from Elliott Wave International's new 40-page report, The State of the Global Markets -- 2013 Edition: The Most Important Investment Report You'll Read This Year. This article was originally published in the October 2012 issue of The Elliott Wave Financial Forecast.
Read full article... Read full article...When government gets into the act of speculation, the top is usually way past having occurred. Government is the ultimate crowd, every decision being made by committee. It is always acting on the last trend, the one that is already over. (For example, the Federal government passed securities laws to prevent the 1929 crash...in 1934.) -- The Elliott Wave Theorist
Thursday, January 24, 2013
AMEX Gold Bugs Index and Stock Market Trend Forecast 2013 / Stock-Markets / Financial Markets 2013
The daily chart of the Gold Miner's Bullish Percent Index is shown below, with the HUI denoted in green. The ratio has fallen below 28, which now has put the HUI into an extremely oversold state, which suggests a breakout move is looming. Full stochastics 1, 2 and 3 are shown below in order of descent, with the %K at 0 in 1 and 2 and beneath the %D in 3. This is the most oversold condition that gold stocks have been at since 2008...most people who have sold gold stocks are out, so when some “event” acts as a spark near a pile of dry sawdust, it explodes...in our case, to the upside. Four months of downside in the HUI after a two month relief ally of seeing 12 months of downside has built a powerful case for a huge move to the upside. When this move happens, it will be very sharp, so be prepared.
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Thursday, January 24, 2013
Personality and Persistent Incorrect Conclusions / Stock-Markets / Forecasts & Technical Analysis
Mark Blair writes:
‘ . . . we are all too often swayed by emotion rather than reason, and for the most part by emotion of which we ourselves are only imperfectly aware.’ Charles Rycroft, Anxiety and Neurosis
It is noteworthy that so many analysts correctly comprehend the ‘quality’ of the present socio-economic model – that its spectacular failure is baked in the cake – but (repeatedly) misapprehend the ‘quantity,’ that is, when the failure will occur. We are discouraged from recognising this particular elephant in the room (and some others); but now – almost a half a decade into the GFC – it really is time to broach the subject.
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Thursday, January 24, 2013
Stock Market Rally - When Everyone Sees…. / Stock-Markets / Stock Markets 2013
We have all been told that the objective of investors is to buy low and sell high, and that what goes up must come down. If these two platitudes make common sense to you, then what action would we expect from investors, based on the two charts below of the S&P 500 and low grade (high yield) bonds?
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Thursday, January 24, 2013
Stock Market Refusing To Sell...For Now... / Stock-Markets / Stock Markets 2013
The market clearly has its head down as it's trying to stay overbought for the most part. It's been overbought quite a bit lately on two, key-time frames, the daily and shorter-term sixty-minute charts. There's a bit of selling and then the market tries hard to move back up. This process can't last forever as we all know but you can't know exactly the moment when the pullback will begin in earnest. Today was somewhat of a pullback day, even though it wasn't. Let me explain. The advance-decline line wasn't very good, but had green because just a few stocks carried the work load. Not the best action for the bulls. You want to see the majority of stocks working higher when you're in a confirmed up trend. When things get more top heavy, there are fewer and fewer stocks doing the lifting. We saw that today, but it is only one day, so no time for panic on that front yet.
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Wednesday, January 23, 2013
Stock Market Rally—Will It Last? / Stock-Markets / Stock Markets 2013
This is a stock market that wants to go higher, but it needs a little more certainty in the marketplace in order to do so. Corporate earnings are now rolling in, and so far, the numbers have been decent. Still, there’s no runaway growth in earnings, and even companies that beat consensus aren’t seeing the typical reaction in share price as in previous markets.
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Wednesday, January 23, 2013
Stock Market Soothsayers, Naysayers And Ostriches / Stock-Markets / Financial Markets 2013
January 2013, US stock markets are at record highs, the volatility index, the VIX, is as quiet as a dormant caldera and hope the US economy is recovering is growing again as it has every January since 2010.
Dow, S&P close at five-year highs; VIX plunges near 12 CNBC, January 18, 2012
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Wednesday, January 23, 2013
Fib Study - Stock Market Investors Could Be in for Biggest Fall in History / Stock-Markets / Stocks Bear Market
Here is a Fibonacci study of the rally from October 4, 2011. My first observation is that everything, I mean everything is a ZIGZAG. The A-B-C (zigzag formations) are also 3-3-3 formations, all of them and at all degrees. That is what makes this rally so irregular. There is literally nothing to hang your hat on, as far as the Elliott Waves unless you can step back and look at the whole picture, so that is what I have done.
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Wednesday, January 23, 2013
Stock Market Makes Fifth Consecutive Interim High / Stock-Markets / Stock Markets 2013
Doug Short writes: The S&P 500 slipped at the open, just as the futures suggested, and fell to its intraday low, off 0.32%, an hour later. The index reversed direction, hesitated at the opening price for about 15 minutes at the noon hour and then rose steadily to its intraday high at the close, up 0.44%. Today’s gain is the fifth consecutive interim high for the index.
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Tuesday, January 22, 2013
2013 - The Permanent Financial Crisis / Stock-Markets / Credit Crisis 2013
As the Global financial crisis rises to intense levels MAIN STREAM investors and the public at large sit on the buffet table for the predator classes known as Bankers, Crony Capitalists, special interest elites and leviathan government. The depression continues to unfold in REAL terms; nominally it APPEARS we are recovering. If you DISCOUNT OFFICIAL government ministry of truth statistical lies and Keynesian illusions created by unsound money. Developed world economies and living standards WILL continue to TUMBLE into the abyss. There is no avoiding this OUTCOME.
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Tuesday, January 22, 2013
Signs of Stock Market Correction in the SPX, RUT & DJIA is Near / Stock-Markets / Stock Markets 2013
The great market prognosticators have by now came out with their 2013 predictions about financial markets. It seems to me to be a fool’s game to try to predict what financial markets are going to do in the future.
I want to be clear in stating that I do not know what is going to happen in the future. I do not know where the S&P 500 Index is going to trade tomorrow let alone 6 months from now. Most market pundits simply will not admit to this fact.
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Tuesday, January 22, 2013
New Record-Highs Everywhere with Stocks—Gold Almost Ready to Move / Stock-Markets / Financial Markets 2013
There is no uniformity to business conditions in both the U.S. economy and the rest of the world, I’m making a conscious effort to attribute less weight to the major stock market indices and more to individual companies and their specific business conditions. I hate to say it, but the main stock market indices can be quite misleading, and one company can skew the index (like Apple Inc. [NASDAQ/AAPL] when it was at its high).
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Tuesday, January 22, 2013
These Popular Delusions Could Cost Investors Fortunes in 2013 / Stock-Markets / Financial Markets 2013
The markets are closed today in observance of Martin Luther King, Jr. day.
With that in mind, we’re stepping back from our usual daily analysis of the markets to address the big picture for the investment landscape in 2013.
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Tuesday, January 22, 2013
Stock Markets Continue to Defy Gravity / Stock-Markets / Stock Markets 2013
Current Position of the Market
SPX: Very Long-term trend - The very-long-term cycles are down and, if they make their lows when expected (after this bull market is over) there will be another steep and prolonged decline into late 2014. It is probable, however, that the severe correction of 2007-2009 will have curtailed the full downward pressure potential of the 120-yr cycle.
SPX. The structure has been altered by the fiscal cliff resolution rally.
Intermediate trend: - SPX made a top at 1474 and is engaged in an A-B-C intermediate correction.
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Monday, January 21, 2013
The Most Important Investment Report You'll Read This Year / Stock-Markets / Financial Markets 2013
Dear investor,
Consider yourself warned.
The global market outlook is far less rosy than the emperors-minus-their-clothes would have you believe.
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