Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Tuesday, April 17, 2012
Stock Market Beta Be Gone.... / Stock-Markets / Stock Markets 2012
There are many different ways for the big money to get rid of overbought sentiment. Take the market down one sector at a time, or just attack all the high beta stocks from all over the market place and knock them down at the same time. Priceline.com (PCLN), Apple Inc. (AAPL), and Amazon.com Inc. (AMZN) just to name a few. The list is very, very large, indeed, and that's what we saw today. The Dow stocks were holding up very well as the market participants ran to safety, with those high dividend lower beta stocks. Sometimes you can run and hide and sometimes you can't. In a bull market, if you're lucky enough to be positioned in the right place, you can get away with the selling. If you're in the wrong place, however, it's lights out. If you were in beta today, it was a lights-out day, and not a fun day at all.
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Monday, April 16, 2012
Stock Market Lull Before the Storm? / Stock-Markets / Stock Markets 2012
From a big picture perspective, let's notice that both the upper and lower Bollinger Band lines are negatively sloped now, as is the 20-day moving average. This suggests strongly that the e-mini S&P 500 is in the grasp of a period of incomplete negative price action (a corrective period) that should retest and break below the April 10 low at 1352.50, on the way to a test of more important medium term support at 1338-1334.
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Monday, April 16, 2012
More Impetus For Summer Stock Market Correction! / Stock-Markets / Stock Markets 2012
Another week of economic reports adds to the likelihood of a summer correction in the stock market again this year, and even to the possibility that it has already begun.After four or five months of surprisingly strong economic reports that fueled the rally off the October low, it looks like the U.S. economic recovery has reached another slippery slope that has it sliding backward again.
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Monday, April 16, 2012
Stock Markets have Entered a Very Dangerous Environment / Stock-Markets / Stock Markets 2012
The markets have entered a very dangerous environment in which even the usual market props (Fed Presidents calling for more easing) are being overridden by market concerns for Europe.
To whit, last week, not one, but two Fed Presidents (Yellen and Dudley), called for more easing/ QE. On the very same day (April 11), the ECB issued a similar statement regarding the potential for more easing.
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Monday, April 16, 2012
Stock Market Short-term Decline in Progress, Will Gold Follow or Not? / Stock-Markets / Financial Markets 2012
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 steep correction of 2007-2009 will have curtailed the full downward pressure potential of the 120-yr cycle.
SPX: Intermediate trend - The intermediate uptrend is still intact, but a short-term top may already have started to take shape.
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, April 16, 2012
Spotting Stock Market Trading Opportunities Using Elliott Wave Patterns / Stock-Markets / Stock Markets 2012
Today we sit down with Elliott Wave International's Futures Junctures Editor and Senior Tutorial Instructor Jeffrey Kennedy to discuss his favorite wave pattern of all: the diagonal.
EWI: You say if you had to pick just ONE of all 13 known Elliott wave structures to spend the rest of your technical trading life with, it would be the diagonal. First, tell us what the diagonal is.
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Sunday, April 15, 2012
Stock Market Likely Tradable Bottom this Week / Stock-Markets / Stock Markets 2012
Last weeks target (shown below) was the lower blue rail, then a move towards the upper blue rail.
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Sunday, April 15, 2012
The Markets Are About to Tell You Something / Stock-Markets / Financial Markets 2012
Shah Gilani writes: Most people seem to have a hard time understanding why the markets do what they do.
The only reason I don't is that I've been trading professionally for 30 years.
Not that I "got it" when I started out. I didn't. I had to learn. And I learned much of what I know the hard way. I made a lot of mistakes. I studied my mistakes, I still do, just as much as I study what moves markets and what I get right.
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Sunday, April 15, 2012
Saving Capitalism From the Capitalists: Are the Trading Desks Destroying the Futures Markets? / Stock-Markets / Financial Markets 2012
Dan Norcini is my friend, one of the more savvy people I know in the markets. He has made his living as an off-exchange trader for many years. The concerns he has about the viability of the markets is genuine, and of great importance.
People forget the reasons why some markets exist, what their function in support of the real economy is fundamentally all about.
Sunday, April 15, 2012
Global Stock Markets Down Trend Continues / Stock-Markets / Stock Markets 2012
Traders followed through with the last friday’s abbreviated holiday selloff, as the market gapped down 13 points from last thursday’s close on monday. Near the close on tuesday the market was down 42 points on the week. But a mid-week rally helped. For the week the SPX/DOW were -1.8%, and the NDX/NAZ were -2.3%. This was the largest weekly decline since mid-December. Asian markets dipped 0.2%, but European markets dropped 3.5%. On the economic front, reports ended the week balanced. On the uptick: wholesale inventories, export/import prices, the WLEI, and the trade deficit improved. On the downtick: the CPI/PPI, consumer sentiment, and both the budget deficit and weekly jobless claims rose. Next week we get a look at retail sales, housing, industrial production and the leading indicators.
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Saturday, April 14, 2012
NASDAQ Seeks To Pay Market Makers In Exchange For Improved ETF Trade & Quote Performance / Stock-Markets / Market Regulation
Jackie Noblett, writing for Ignites.com, spotted a recent SEC filing by Nasdaq that proposes a “Market Quality Program” (MQP) where, “an ETF sponsor would pay an annual fee of $50,000 to $100,000 per ETF to Nasdaq. The fee, which would be in addition to the traditional listing fees, would be passed on to market makers in the form of a rebate in exchange for improving trade and quote performance. Any fees not paid out to market makers would go back to the ETF sponsor.”
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Friday, April 13, 2012
Sovereign Debt, Gold and Okun's Law / Stock-Markets / Global Debt Crisis 2012
Is gold's run over? Let's look at some facts.
The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other programs, now tops $15.23 trillion. That's roughly equal to the value of all goods and services the U.S. economy produces in one year: $15.17 trillion as of September, 2011.
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Thursday, April 12, 2012
Minefields That Can Blow-Up Global Stock Markets in 2012 / Stock-Markets / Stock Markets 2012
Gerald Loeb was most of the most respected analysts on Wall Street, during the Great Depression years and through the following decades. He wrote an epic book, titled "The Battle for Investment Survival," last published in 1965. Many of his pearls of wisdom, concerning the financial markets and rules of investing, have withstood the test of time. Yet one has to wonder though, if Loeb's long held truths about the markets would stand up to the erratic behavior of today's world of high frequency trading (HFT). There is also the heavy hand of the world's top central banks that are actively manipulating and distorting market values, and in turn, upbraiding many of the traditional rules of the game of investing.
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Thursday, April 12, 2012
What Institutional Investors Are Doing May Surprise You ... / Stock-Markets / Stock Markets 2012
When you look at an old fashion pendulum clock you know that it swings from one extreme to the next. Each time it reaches an extreme it moves back down to normality (the bottom center of the swing) and then overshoots it until the next extreme.
The pendulum extremes are like being above or below the upper and lower Bollinger Band levels. The Center line in middle of a Bollinger Band is like the normality level over time.
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Thursday, April 12, 2012
Stock Market Pause For Now But We'll Go Lower.... / Stock-Markets / Stock Markets 2012
Today we got a break in the action to the down side as the market went up for most of the day near, or above, triple digits on the Dow. We got extremely oversold on the short-term 60-minute charts, and were due for a bounce. RSI's got into the 20's, thus, today's bounce was nothing to be surprised about. The real question is was today's move up the start of something bigger for the short-term. I think the answer is clearly no.
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Thursday, April 12, 2012
Gary Shilling Forecasts Stock Market 43% Crash This Year / Stock-Markets / Financial Crash
Economist Gary Shilling spoke about the outlook for the U.S. economy with Bloomberg Television's Adam Johnson and Stephanie Ruhle this afternoon and said that the S&P 500 will drop 43% from its recent level this year. Shilling said, "the analysts have been cranking their numbers down...I think that is true because you have foreign earnings that don't look good because of recession unfolding in Europe, stronger dollar...a hard landing in China."
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Thursday, April 12, 2012
Stock Market Forecast for 2012 and the Following Decades, Did the Mayans Get it Right? / Stock-Markets / Stock Markets 2012
An Interview with Glenn Neely, Founder, NEoWave, Inc.
Part 1 here, Part 2:
Stock Market Forecast for 2012 and the Following Decades
Bud Fox: Glenn, you are the expert in forecasting and trading in the stock market, particularly from the perspective of NEoWave and Elliott Wave Theory. What do you think will happen in December 2012? Did the Mayans get it right? Will the stock market crash?
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Thursday, April 12, 2012
Fixed Income Bonds Surges on Stock Market Pullback / Stock-Markets / Financial Markets 2012
Bond prices have generally moved in the opposite direction to stock indexes in the short term. The recent correction in the S&P 500 has seen fixed income prices advance across the curve. But this recent movement in bonds only tells part of the story.
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Wednesday, April 11, 2012
Did the Mayans Get it Right? Broad Predictions for the 2012 Stock Market / Stock-Markets / Stock Markets 2012
An Interview with Glenn Neely, Founder, NEoWave, Inc.
Part 1:
Past Social Manias and Their Impact on the Stock Market
Bud Fox: I’m Bud Fox, owner of www.GreedandMoney.com, a website that specializes in technical analysis. Today it's my privilege to speak with Glenn Neely, founder of NEoWave and renowned Elliott Wave expert. In fact, Glenn was recently named a Top 10 S&P Timer by Timer Digest for the last 10 years, 8 years, 5 years, and for the entire year of 2011.
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Tuesday, April 10, 2012
Employment Light... Stock Market Corrective Move Continues..... / Stock-Markets / Stock Markets 2012
Markets, when they need to sell, look for a reason to start the sell-off. The market will often simply make up some type of excuse to get moving lower. Although, there are times when the market actually has the right news come out. That news occurred on Friday of last week. The Jobs Report came out much, much lighter than expectations, and the selling started. The futures ripped lower after the report, and held lower all weekend, allowing for a large gap down as the market opened for trading today. The market pretty much traded sideways the rest of the day as things got oversold on the short-term 60-minute charts. Once that unwound back up a bit intra-personal day, the selling started back up again very late in the session. The indexes were down roughly one percent for the day. A poor advance-decline line solidified the selling for the bears. The market has begun the process of forming a deeper-base move off the recent 1422 top on the S&P 500. Unfortunately, for the very impatient, this is going to be a longer-term situation. It's not going to be cured in just a few weeks. We are in week two, and likely will be in week 10, and more further down the road.
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