Category: Stock Markets 2010
The analysis published under this category are as follows.
Thursday, September 16, 2010
Stock Market On the Battle Line... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
The June 21st high horizontal resistance halted the advance of the major indexes...
Recommendation: Take no action.
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Thursday, September 16, 2010
Stock Market So Close..Needs A Gap... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
Normally, when a market is close to breaking out, but is up against particularly difficult resistance, such as 1131 S&P 500 is, it usually takes a gap up in the morning to get the market juiced enough to make the move. Making such a move intra-day is not at all easy. It can happen that way, but a gap up is the usual way it occurs, and here we are just six points away. A strong group of economic reports in the morning could do the trick. We get jobless claims and PPI pre-market. Then once the market opens, we get the Philly fed report on manufacturing. That will be a huge report.
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Wednesday, September 15, 2010
Theory 144 and Disequilibrium Explain Stock Market Price Action, EMH RIP / Stock-Markets / Stock Markets 2010
By: David_Knox_Barker
The idea that markets tend toward a state of equilibrium is a fundamental principle of the efficient-markets hypothesis (EMH). This hypothesis, based on an equilibrium driven world, has ruled academia and served as a primary driver of institutional investment decision making for decades. However, it remains a hypothesis because after decades of analysis it has not delivered sufficient real-life evidence and data to attain the level of a theory. Wild market swings, such as the 2007-2009 global market crash, and the flash crash of May 2010, where unbridled greed cowered before the onslaught of fear, confirms that the EMH belongs in the dustbin of failed financial hypothesis.
Wednesday, September 15, 2010
European Stocks Weaker as Japan Intervenes to Force Yen Lower / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
Despite the upside surprise in retail sales U.S. stocks fell Tuesday, preventing the longest S&P’s 500 Index winning streak since July. Concern that Bank of America may have to buy back as much as $20 billion in home loans offset a rally by technology companies. Bank of America shed 2%, dragging banks in the S&P 500 to the biggest decline among 24 industries. BB&T., North Carolina’s second-biggest bank, slumped 4% after saying it will write down more than $1 billion in loans. But Cisco Systems , the largest maker of networking equipment, rose 1% percent after announcing its first dividend, while Hewlett- Packard rallied 2.6%. Elsewhere Newmont Mining gained 4% as gold futures rose to a record $1,276.50 an ounce on safe haven buying.
Wednesday, September 15, 2010
Stock Market Overhead Resistance Clotheslines Indexes... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
The June 21st highs are halting an advance of the major indexes...
Recommendation: Take no action.
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Tuesday, September 14, 2010
S&P Potential Triple Top Breakout / Stock-Markets / Stock Markets 2010
By: David_Banister
The SP 500 index has run up as forecasted to our subscribers a few weeks ago to a high of 1123 from the 1040 fibonacci pivot. Here at TMTF, we immediately took notice of the clear 3 wave pattern during the drop from 1130 to 1040 and cautioned our subscribers that a rally was likely. We also advised that if the SP 500 could clear the 1094 area that the bulls would take charge and we would turn our intermediate views bullish for the markets.
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Tuesday, September 14, 2010
Stock Market Testy Tuesday - Kan Keeps His Job, Yen Makes New Highs / Stock-Markets / Stock Markets 2010
By: PhilStockWorld
Japan has the same Prime Minister!
That is big news after having 5 different ones the past 4 years. With the last PM lasting just 9 months, word was Kan was going to challenge the record for shortest term after being forced into this election just 3 months after being elected the first time. When we talked about this yesterday, the race was considered "too close to call" but the incumbent Mr. Kan ended up winning 60% of the vote - kind of makes you wonder how far off our own pollsters are with their early election calls…
Tuesday, September 14, 2010
Stocks Pare Losses On US Retail Sales / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
Weekend clarity on bank capital requirements out of Basel III coupled with better than expected Chinese industrial production and an EU forecast for stronger growth buoyed US equities Monday. On a sector level, semis and financial stocks led all gainers as Gartner Research estimated that semiconductor equipment spending would double in 2010 and as large cap financial companies reacted positively to less stringent capital requirements and timing i.e. allowing a longer than expected transitional period JP Morgan . and Bank of America both rose more than 3 percent while Alcoa and General Electric gained more than 1.6 percent. Microsoft advanced 5.3 percent on news that the software maker will sell debt to fund dividends and buybacks.
Tuesday, September 14, 2010
Basel III Boosts Bank Stocks... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
Market bulls didn't have to look far for another catalyst as Basel III didn't yield any surprises allowing European bank shares to soar...
Recommendation: Take no action.
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Tuesday, September 14, 2010
Stock Market Nice Start to Week as Indices Hold Most of Their Gains / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices opened with a bang today on big gaps up, ran up sharply to new rally highs, and backed off mid-day to test. When that was successful, they came on again in the afternoon and went to new highs on the Nasdaq 100, but did not do so on the S&P 500, and then backed off in the last five minutes to peel back from the highs, but still a positive gain.
Tuesday, September 14, 2010
Stock Market Bears Feeling The Pain... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
What else can you say if you've been taught to short the market just because of seasonality, and because you're told over and over just how things are out there. Playing seasonality is the worst thing you can do. Markets simply don't work that way all the time, or even close, really. Not only that, but even the worst month, September, is only down an average of about 1%. So many people look at the calendar and make their bets based on it. I just don't get it. If the market is on a sell signal then so be it. Doesn't matter if it's September, or February, or any other month. No different if there's a buy signal in place. Whatever message is sent out at any moment in time is all that should be thought about by traders.
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Tuesday, September 14, 2010
Stock Market Deflationary Dreams, Reflationary Reality / Stock-Markets / Stock Markets 2010
By: Steven_Vincent
(originally published 09/06/10-09/12/10 for BullBear Trading members) - In the last BullBear Weekend Report I called for an important bottom and a sharp rally and we did get just that. We are now long from SPX 1048. Technicals indicate that the rally has further to go both in the short and intermediate terms. There are significant indications that a long term bottom has been put in place and that at a minimum a revisit of the April highs is possible. So far there are little if any indications that a bear trend will resume any time soon.
Monday, September 13, 2010
A Diluted Dose of Basel III Cheers Stock Markets / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
US stocks pared gains Friday after former Federal Reserve Chairman Paul Volcker said the US and European economies may take years to recover from the recession. The S&P 500 Index rose 0.2 percent in New York, paring earlier gains of as much as 0.6 percent after wholesale inventories rose more than forecast and oil climbed to near a three-week high. Chevron Corp. and Halliburton both rose at least 1.9 percent as crude oil gained the most in six weeks. Moody’s Corp. jumped 5.9 percent after Piper Jaffray & Co. raised its rating on the stock. National Semiconductor Corp. slumped 6.4 percent after forecasting sales that missed analysts’ estimates. Dell Inc. and Adobe Systems Inc. sank at least 2 percent after Morgan Stanley cut its recommendations for the shares.
Monday, September 13, 2010
Stock Market Index Challenging Its Intermediate Downtrend / Stock-Markets / Stock Markets 2010
By: Andre_Gratian
Current Position of the Market
Very Long-term trend - Down! The very-long-term cycles are down and if they make their lows when expected, the bear market which started in October 2007 should continue until about 2014-2015.
SPX: Intermediate trend.The index is now challenging its intermediate downtrend and has closed outside of its downtrend line. The move could signal a new intermediate uptrend, or the continuation of an intermediate sideways consolidation
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Monday, September 13, 2010
Stock Market $SPX, $VIX, and the Elliott Wave Terminal Diagonal Analysis / Stock-Markets / Stock Markets 2010
By: JD_Rosendahl
This weekend I'm going to highlight one of the potential stock market patterns. First let's look at the market with a possible Elliott Wave Wedge forming in the wave B position.
$SPX: We have (abc) down into wave A, and we are forming what looks like (abcde) sideways into what looks like wave B. If this is the case, we could have a little more upside splashing above the 200 day MA and closing a little gap at price resistance. Then, we should expect wave C lower if the structure holds this view. The price target in this view is roughly 930.
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Sunday, September 12, 2010
Stock Market Dancing At The Breakout.... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
The stock market has been hanging around the upper end of its trading range for a while now. It seemingly doesn't want to pull back very much, but clearly it is struggling to make the bigger move up and out above 1105. Small sticks as we get closer and closer to making the move bulls so sorely want. Yesterday was interesting. It was able to close over 1105, but it's hard to get very excited. You have to wonder why it's so hard for either side to make a larger move. The bears seem unable to take it down, although they are holding the line. Normally, when a market struggles to make the big move up and out, the other side will come in hard and reverse the trend. Doesn't matter which way that is.
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Saturday, September 11, 2010
Stock Markets At Ideal Consolidation Point / Stock-Markets / Stock Markets 2010
By: David_Grandey
What we really want to key in on here is that of the 60 minute index charts that have served us so well over the past few years.
One look at the S&P 500 and you see the 78.6% Fibonacci level we talked about over the weekend. Yesterday we tagged it and immediately got a downside reaction off of it.
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Friday, September 10, 2010
Behold! A New Stock Market Chart Pattern to Consider / Stock-Markets / Stock Markets 2010
By: Barry_M_Ferguson
To those of us who consider ourselves 'technical analysts', we are always perusing charts for known patterns to help forecast trend lines. Our world is limited to a relatively few established patterns that have been studied for centuries. However, we must all understand that economies change, markets change, and primary market influences change. It follows that technical patterns should also change and expand.
Friday, September 10, 2010
Stock Market Bulls Continue to Run with Strong Foreign Markets and Economic Reports... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
The bulls continued to push equities higher, initially supported by gains in foreign markets and optimistic economic reports...
Recommendation: Take no action.
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Friday, September 10, 2010
August’s Insider Trading Augurs Well for Stocks / Stock-Markets / Stock Markets 2010
By: Money_Morning
Larry D. Spears writes:
The stock market as a whole just turned in its worst August performance since 2001, with the major indexes posting losses ranging from 4% to 6%. Yet despite those negative numbers, there was one group that didn't act bearish at all - corporate insiders.