Category: Stock Markets 2010
The analysis published under this category are as follows.
Friday, July 23, 2010
The Wall Strikes Again / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
The day after fed Bernanke came out and told the world things stink the market rallied anyway, getting up to the big breakout level at 1099 on the S&P 500 . Interesting in that Bernanke told everyone yesterday that there was risk to the down side with respects to the expected GDP growth of 3.5% over the next few years. The market hated this because it also left the door open to a double dip recession scenario. Today, however, Mr. Bernanke came out and said he did not expect that to happen. Just slow growth but no double dip recession. The market loved it and rallied hard once it opened up for trading.
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Friday, July 23, 2010
Excellent Day for the Stocks Bulls / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The indices had an excellent day for the bulls, as they gapped up big, blew through initial resistance and kept running, reaching 1870 on the Nasdaq 100 and 1097 area on the S&P 500. Over the next few hours, they pulled back, bounced again, couldn't get through, and then backed off late in the session, but in the last 15-20 minutes came on again to finish with strong gains.
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Thursday, July 22, 2010
Stock Market Thrill-Ride Thursday, Where Will Economic Indicators Lead Us? / Stock-Markets / Stock Markets 2010
By: PhilStockWorld
Isn’t this fun?
Up 200, down 200, up 200, down 200 - wash out your savings, rinse and repeat! What a total sham of a market we have these days with machines running us up and down on virtually no news at all. Yesterday they would have you believe that Ben Bernanke caused a sell-off. How ridiculous is that? He didn’t say one thing that he didn’t already say in the Fed Minutes that were released on the 14th, which were the notes from the meeting of June 23rd so for analysts to get on TV and say “the markets were concerned by the Chairman’s comments” is beyond stupid – it’s criminal negligence.
Thursday, July 22, 2010
Bernankes Unusually Uncertain Gloom Impacts Markets / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
US Fed Chairman Bernanke’s semi annual testimony on the Hill proved to be the game changer for stocks yesterday. Just as they had bounced Tuesday on whispers that he may offer fresh new policy measures, accommodation to support the markets, re-stimulate the flagging economy so stocks sold off Wednesday when he failed to deliver such. His comments were basically a rehash of the FOMC minutes (i.e. a fairly dour assessment of the economy) with one added Greenspan like euphemism for our lexicon i.e. that the outlook for the economy is “unusually uncertain”.
Thursday, July 22, 2010
Stock Market Back 2 Back Reversals / Stock-Markets / Stock Markets 2010
By: Chris_Vermeulen
The market continues to become quicker and fiercer as it move up and down 2+% on a regular basis This week we have seen some wild price swings due to earnings, events and the Fed’s which just makes trading that much more intense.
I have pointed out yesterday that this market only gives you a brief moment to take profits before it starts going wild shaking traders out of positions. This increased volatility is caused from a couple of things:
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Thursday, July 22, 2010
Stock Market Sharp Rollover on Bernanke Economy Warning / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices started the day with a big gap up, but that was it for the day in terms of the highs. They came down sharply, tested support, and did manage to hold by mid-morning and rally into early afternoon, but the S&P 500 failed to take out the 1085 intraday resistance level as the Nasdaq 100 made nominal new highs. That resulted in a sharp rollover after Ben Bernanke spoke about his concerns about the economy.
Wednesday, July 21, 2010
Ben Bernanke Sends Stock Market Lower... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
You have to love honesty, and that's what we heard today when Mr. Bernanke told congress that things in the United States are not very good at all. That although the expectations are for 3.5% GDP (gross domestic product), the risk is towards weakness from that perspective. The moment this news came out, along with other tidbits not too friendly for Wall and Main Street, the market tanked out. No holding back either.
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Wednesday, July 21, 2010
An Apple A Day Keeps The Stock Market Bears Away / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
U.S. stocks rose for a second day, erasing earlier losses as speculation the Federal Reserve will take steps to spur lending and an increase in building permits sent homebuilders and commodity producers higher and in doing so brushed off a nasty housing starts number and underwhelming numbers from Goldman Sachs. Yes on another day at the funfair the rollercoaster that is the Dow these days finished up 0.7% Tuesday after dipping as much as 1.4% earlier. Tech talisman Apple, Yahoo and AIDS drug maker Gilead Sciences (who missed EPS estimates and reduced guidance) were among companies that posted quarterly results after the official close of U.S. exchanges today.
Wednesday, July 21, 2010
Stock Market Short Covering Rally... / Stock-Markets / Stock Markets 2010
By: Mark_McMillan
Trade Recommendations: Take no action.
Wednesday, July 21, 2010
Stock Market Indices Bounce Back from Morning Sell-Off to Close Ahead / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices started out the day in sharply lower fashion with a big gap down as the futures were lower before the opening. But they quickly stabilized and then took off. Within the first hour and a half they had reached key resistance at 1810 on the Nasdaq 100 and just under 1070 on the S&P 500, and backed off to form bull flags.
Wednesday, July 21, 2010
Stock Market Reverses Where It Needs To... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
The market wasn't happy overnight due to the fact that we had some bad earnings reports from Texas Instruments Inc. (TXN), International Business Machines Corp. (IBM), and this morning, Goldman Sachs (GS). Futures on the Dow were down nearly 150 points at its lows. Not what the bulls wanted to see, and with 1060 as a pivot for lower prices, it got scary for the bulls when we saw 1056 being printed early on after we gapped lower. It was1040 here we come as IBM and Texas Instruments were showing no signs of reversing up from very deep selling early on. However, Goldman Sachs started to reverse and so did the market.
Tuesday, July 20, 2010
Stock Markets React to Goldmans Numbers and Housing Data / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
U.S. stocks rebounded Monday from the market’s biggest drop this month, as optimism about earnings from technology and energy companies overshadowed a drop in financial shares and worse than expected NAHB homebuilder confidence numbers. Microsoft climbed 1.4% after UBS raised its earnings estimate, citing signs of stronger demand. Halliburton jumped 6% after topping analysts’ earnings and revenue estimates.
Tuesday, July 20, 2010
Stock Market Sloppy Session Ends Higher / Stock-Markets / Stock Markets 2010
By: Harry_Boxer
The stock market indices had an up-day to start the week, but the path was sloppy. They started off with some gains and then sold off sharply to new lows for the entire pullback, reaching 1795 on the Nasdaq 100 and 1061 on the S&P 500. At that point they started a 5-wave advance that last several hours until late into the day, reaching new session highs with about 30-40 minutes to go. They pulled back sharply, and then bounced into the close again.
Tuesday, July 20, 2010
Stock Market Corporate Earnings Seasons Starts In Earnest / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
It appears the market has been waiting for this for a while as it's going nowhere these days. Since last Monday the market is basically dead flat. This includes the nasty 261 point down experienced Friday. Tonight we get the truth on things from International Business Machines Corp. (IBM) and Texas Instruments Inc. (TXN), two very closely watched stocks that tells us whether the economy is humming along or not doing so well.
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Monday, July 19, 2010
US Corporate Earnings Season Gets Into Full Swing / Stock-Markets / Stock Markets 2010
By: PaddyPowerTrader
Ending a yoyo week U.S. stocks fell Friday, ending the Dow’s longest winning streak in two months, following worse than estimated revenues at Bank of America , Citigroup and General Electric. Lack of loan growth is the a canary for broader weakness in the US economy. BofA CFO “we are in the business of loaning money to people, but people have to want to take out loans”. Economic data wise, a big dip in consumer confidence that sank to the lowest level in a year and the ECRI leading indicator pointing to a recession in the next 3 months added to the gloom.
Monday, July 19, 2010
Stock Market Support Remains Low / Stock-Markets / Stock Markets 2010
By: Donald_W_Dony
Sustainable multi-year advances in the stock market requires a background of improving fundamentals plus an expanding economy. On a more simplistic level, a bull market is when the fundamentals create an environment where the majority of stocks are trending up. However, investing conditions periodically build where the majority of stocks in an index are turning down short-term. This is when a deep correction can occur.
Monday, July 19, 2010
Stock Market Targeting Corrective Downtrend Into October / 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 made an intermediate top at 1220 and is now in a dubious intermediate downtrend.
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Sunday, July 18, 2010
Stock Market Extremes in Bearish Sentiment Needs More Buyers / Stock-Markets / Stock Markets 2010
By: Guy_Lerner
Without buyers stepping in, extremes in bearish sentiment will be just that - extremes in bearish sentiment. Prices not only ended the week on a big down note, but they also failed to close above resistance levels despite probing above those levels all week. This was just pure selling.
Saturday, July 17, 2010
Uncertainty Gone Yet Stock Market Races Lower.... / Stock-Markets / Stock Markets 2010
By: Jack_Steiman
Goldman Sachs (GS) had a headache over its head with the SEC going after them in a big way. Markets hate uncertainty, thus the stock had been under some strong pressure over the past few months. Late in the session yesterday the news came out that Goldman had settled with the SEC, they got a large fine, and no one would get hurt overall. Great and expected news by this person. The stock raced up some. Goldman always gets away with crime. That's what separates them from the rest. They're simply above us all. Hopefully, some day that will change. For now, they are, basically, untouchable. Anyway, Goldman resolved. Good news for the market.
Friday, July 16, 2010
How Long Can this Stock Market Rally Last, Must-See Chart Has the Answer / Stock-Markets / Stock Markets 2010
By: Q1_Publishing
Andrew Mickey writes: “When masses of people succumb to an idea, they often run off a tangent because of their emotions.”
That’s what the Humphrey Neill wrote in his 50-year-old book, The Art of Contrary Thinking.