Category: Stock Markets 2016
The analysis published under this category are as follows.
Monday, April 18, 2016
US Stock Market Indices MAP Wave Analysis Q2 Update / Stock-Markets / Stock Markets 2016
By: Marc_Horn
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All 4 major US indices are set to top over the next two weeks running into long term cyclical resistance, before heading off to new low onto late Q3 early Q4 if they fail to break out to new highs, so this year looks like no Santa rally!
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Sunday, April 17, 2016
Continuing Stock Market Topping Pattern? / Stock-Markets / Stock Markets 2016
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: The beginning of a lengthy correction is probably underway!
SPX Intermediate trend: Potential rally top.
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Friday, April 15, 2016
What's Behind the Longest Stock Market Rally? / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
Good Morning!
SPX closed above its hourly Cycle Top at 2082.44 last night, but appears to have dropped beneath it in Premarket action.
ZeroHedge comments, “Good news is still bad news after all.
After last night's China 6.7% GDP print which while the lowest since Q1 2009, was in line with expectations, coupled with beats in IP, Fixed Asset Investment and Retail Sales (on the back of $1 trillion in total financing in Q1)...
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Thursday, April 14, 2016
Stock Market Cycle Top Final Stretch / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
The Cycle Top is holding support for SPX at 2079.26 thus far. It appears to have completed all but the last probe higher to complete the pattern. The target range appears to be 2085.88 to 2086.99. It may happen yet this morning or early afternoon, so stay alert. The first sign of a reversal comes when the Cycle Top no longer provides its support.
Thursday, April 14, 2016
Stocks Continue Their Rally As Investors Remain Bullish Ahead Of Earnings Releases / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,100, and profit target at 1,950, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Thursday, April 14, 2016
Stock Market Dow Rally Almost Done / Stock-Markets / Stock Markets 2016
By: Austin_Galt
The Dow just keeps plugging higher but all good things must eventually end so let's review the daily chart to see where the good times are likely to end.
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Thursday, April 14, 2016
Nice Stock Market Session for Wall Street Indeed / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had a very strong session today. The day started out with a gap up from the get-go, extending the gains, and then consolidating. When the S&P 500 went to higher-highs at 2080, the NDX failed to break out, they pulled back midafternoon, but not too badly. They then came on again, got up to 4560 Nasdaq 100, and 2083 S&P 500.
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Thursday, April 14, 2016
Stock Market Breaking Out A Bit... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
It wasn't the biggest, most forceful breakout above trend-line resistance I've ever seen, but it was a breakout and should be treated as such unless we immediately lose it back tomorrow. I know that seems unlikely, but this is the stock market, and all possibilities need to be respected. If the breakout had been more forceful then I wouldn't be talking about losing the move up, but it was fairly tepid, so we keep it in the back of our minds.
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Wednesday, April 13, 2016
Stock Market Battle Royale / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
Good Morning!
The Dow Premarket has been up as much as 100 points in a battle for market ascendancy. This must be measured against the prior highs at 17914.14 on November 20 and 17977.85 on November 3. The Triangle formation does not appear to be valid, even if the DJIA does not reach either of these levels. Should Wave [v] be complete beneath either of these levels, the DJIA will go down with the rest of the market in the next week to probable new lows.
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Wednesday, April 13, 2016
Saudi-Russia Deal Send Oils Stocks Flying High / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
It certainly was turn-around Tuesday for the stock market today as the indices dipped in the morning, and when the news came in that Saudi Arabia and Russia had agreed on a production freeze, the oil's took off running, pulling the rest of the market up with them. The S&P 500 jumped from 2040 to an afternoon high of 2065, a 25-point run-up, which was a very strong move. The Nasdaq 100 exploded from 4435 to over 4500, about a 68-point rally. At the end of the day they backed off a little, and in the last five minutes they came on again to finish firm.
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Tuesday, April 12, 2016
SPX using a long-time support to stay elevated...for now. / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
In a nod to options expiration, it appears that Wave (ii) may extend another day or so. The Cycles Model was strong during the March options expiration. This month the Cycles Model shows weakness.
ZeroHedge reports, “Last week when BofA reported that "everything is being sold" as its smart money clients (institutional, private and hedge funds) dumped stocks for a whopping 10th consecutive week, it said that "BofAML clients were net sellers of US stocks for the tenth consecutive week, in the amount of $3.98bn. Net sales last week were the largest since September, and the fifth-largest in our data history (since 2008). Since early March, all three client groups (institutional clients, private clients and hedge funds) have been sellers of US stocks."
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Tuesday, April 12, 2016
Stock Market Late Day Selling Again....Oscillators Up High And Crossing Down.. / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
A second consecutive day for the markets with a late push lower after being up strongly for the day. The Friday push lower still allowed for some slight gains, but a black candle was printed, which should have led to a down open this morning. Not to be as the market gapped up big this morning due to more fed stuff. Ms Yellen was meeting President Obama, and the usual bulls said why not, let's get this market even higher. It worked well, until the last hour of action when a big sell hit, which was enough to turn all the indexes slightly red for the day.
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Monday, April 11, 2016
Energy Sector Set To Save the Stock Market / Stock-Markets / Stock Markets 2016
By: Chris_Vermeulen
Over the past few week, we have seen the price of crude oil pullback from its recent high of $42 per barrel level. Last week April 4-8th the price of crude oil pulled back to a technical support zone and then posted a strong gain closing the weekly chart at the high.
Based on short-term technical indicators, along with the current momentum which crude oil has, I feel we will see the recent highs of $42 a barrel tested once again.
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Monday, April 11, 2016
SPX May Have Topped this Morning / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
SPX topped out at 2062.93 and promptly turned back down. New short positions may be added here. Confirmation comes beneath Short-term support at 2051.37. Stops may be put in at 2065.00 to 2067.50.
ZeroHedge comments, “This morning's 160 point spike in Dow Futures - out of nowhere - was predicated on hopes of an Italian bank bailout. While this may seem like an odd reason to "buy buy buy" US equities, in the new normal, it really is not.. and when put in context, the 'bounce' in EU banks should do more to scare than soften investors' concerns...”
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Monday, April 11, 2016
Still No Clear Stock Market Short-Term Direction As Investors Await Quarterly Earnings / Stock-Markets / Stock Markets 2016
By: Paul_Rejczak
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,100, and profit target at 1,950, S&P 500 index).
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains bearish, as the S&P 500 index extends its lower highs, lower lows sequence:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): neutral
Monday, April 11, 2016
Stock Market Beginning A Topping Pattern? / Stock-Markets / Stock Markets 2016
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: The beginning of a lengthy correction is probably underway!
SPX Intermediate trend: Potential rally top.
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 discuss longer market trends.
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Saturday, April 09, 2016
Stock Market Risk-off Gaining Momentum / Stock-Markets / Stock Markets 2016
By: Tony_Caldaro
The week started at SPX 2073. After an attempt to make new uptrend highs on Monday the market pulled back to SPX 2043 by Wednesday morning, then rallied to 2061 in the afternoon. Thursday’s gap down opening took the market down to SPX 2034. Friday had a gap up opening carrying the market to SPX 2061. Then the market reversed to end the week at 2048. For the week the SPX/DOW lost 1.2%, the NDX/NAZ lost 1.3%, and the DJ World index lost 0.7%. On the economic front reports came in even. On the uptick: ISM services, consumer credit, the WLEI, plus weekly jobless claims improved. On the downtick: factory orders, wholesale inventories, the GDPN, plus the trade deficit widened. Next week’s reports will be highlighted by Industrial production, the FED’s beige book and the CPI.
Saturday, April 09, 2016
Stock Market Weekly Charts Showing Some Hesitation At Trend Line Resistance... / Stock-Markets / Stock Markets 2016
By: Jack_Steiman
So the market gapped up again as usual this morning due to the fed speak from last night. Any time the fed opens her mouth the market can't wait to rise. Flat futures became rocking futures even though the action from yesterday was quite bearish in nature for the very short term. Follow through for the bears? Are you becoming a comedian? No chance. Even before the fed spoke the futures were only flat. No follow through even in the futures to a bearish candle stick day. So the market blasted up today and went higher after that as usual but finally those very elevated Macd and other oscillators kicked in a bit and allowed the market to print more short term bearish candles. Will it matter? Probably not but a short term warning sign nonetheless even though you can not count on any normal technical analysis to work these days. We trade on the fed, not technical's.
Saturday, April 09, 2016
Stock Market Resistance has Failed / Stock-Markets / Stock Markets 2016
By: Anthony_Cherniawski
SPX bounced to 2060.69, then impulsed back down through the trendline. It appears to have finished correcting that decline. This may be an excellent time to add short positions.
The fact that the Fed will Hold a Closed, Unexpected Meeting Under "Expedited Procedures" On Monday To Discuss Rates adds to the intrigue for what may happen on Monday.
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Friday, April 08, 2016
Stock Market Negative Down Day with Potential to go Lower / Stock-Markets / Stock Markets 2016
By: Harry_Boxer
The stock market indices had a negative session today. The day started out with a breakdown, they gapped lower, bounced off support, but shortly took out support at 4510 Nasdaq 100 and 2054 area S&P 500. During the rest of the session they came down in the morning, bottomed, and then tried to rally the rest of the day, but held at resistance and went lower. In a decidedly-negative down channel, the indices closed off the session lows, bounced in the last hour, but it looked more like a bear flag than anything else.
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