Category: Stock Market 2017
The analysis published under this category are as follows.Sunday, August 13, 2017
Stock Market VIX Explodes and XIV Puts In A Top / Stock-Markets / Stock Market 2017
Mike Golembesky writes: The XIV fell over 13% on Thursday, August 10th and is now down over 23% from the high that was struck on July 26th. Additionally, the XIV has firmly broken through all of shorter term price support levels that I have been mentioning now for several weeks. The break of these support levels is, therefore, making it highly probable that a larger degree top has been struck in the XIV.
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Saturday, August 12, 2017
The Top of the Wealth Effect / Stock-Markets / Stock Market 2017
Week two of August. Schools start back soon. Last chance for summer vacations. Football and fall return. The Dow reaches 22,000 this month, proving the “wealth effect” has worked…right?
Yet, cognitive dissonance abounds as we watch global markets and world news.
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Thursday, August 10, 2017
SPX Confirmed Sell Signal / Stock-Markets / Stock Market 2017
SPX is trying to make another test of the Short-term resistance at 2474.94. From there it should go down hard. Be Time to add shorts. Normally I wouldn’t recommend going 100% short until a trendline is crossed. But there’s enough confidence in the signals to go at least 50%.
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Wednesday, August 09, 2017
SPX Bounces Off Brexit Trendline / Stock-Markets / Stock Market 2017
SPX bounced off its trendline possibly completing a Wave (i) decline. The bounce may take it back to Short-term resistance at 2474.92. A failure here may have some profound implications, so we use the bounce to add short positions.
Alternatively, this morning’s gap may not be filled. If so, the trendline at 2462.00 gives us another chance to add short positions.
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Wednesday, August 09, 2017
Why Is The Stock Market Not Trading On Fundamentals Lately? / Stock-Markets / Stock Market 2017
Last week, I noted that as long as the market maintains support over 2450SPX, we still have potential to strike the 2500SPX region before we see a top to wave (3). Currently, the market has maintained such support, so I must maintain my expectations.
“The market is just not trading on fundamentals.”
“The stock market is detached from the reality of the economy.”
“Eventually, fundamentals will matter again.”
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Wednesday, August 09, 2017
Dow 22,000 Struck - How Much Higher Can It Go? / Stock-Markets / Stock Market 2017
Mike Golembesky writes: I have now been writing for several weeks now that I was looking for an ideal shorter-term target zone of the 21,971 -22,429 zone on the Dow Jones Industrial Average prior to seeing a top in the index. Last week the Dow moved over 22,000 for the first time and is now trading right in the middle of that target zone. Additionally, the path up to this zone since the May 17th low has been exceptionally smooth having seen a tight grind to these higher levels.
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Wednesday, August 09, 2017
Stock Market Divergences Are Now Appearing! / Stock-Markets / Stock Market 2017
The loss, of the leadership of the banking and financial sector, BKX ETF, is now a major warning signal which is what is required in order to move the SPX much HIGHER, at this time!
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Tuesday, August 08, 2017
The Case for SPX 2265.22 by August 14th / Stock-Markets / Stock Market 2017
In the following charts, I present the case for SPX 2265.22 by August 14th, 2017. That is only one week away and would knock about 8.5% off the major average.
I use astrology, Gann & Hurst Cycles, E-Wave and charting techniques to prove my point.
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Tuesday, August 08, 2017
Stock Market Volatility: A Dangerous Game Made Safe / Stock-Markets / Stock Market 2017
In the coming years, we’ll see much more volatility in the market.The fact that the VIX (or volatility index) has hit its lowest levels ever this year is of course prompting concern that a bear market is lurking in the shadows.
The market boom from late 1982 through late 2007 was based on real fundamentals: the spending wave of the largest generation in history; falling interest rates from rising productivity after the greatest peak in history in 1980 to 1981; the movement of internet and portable computing into mainstream markets.
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Monday, August 07, 2017
Stock Market - Has Time Run Out? / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues with a serious loss of upside momentum in weekly indicators.
SPX Intermediate trend: An ending pattern appears to be in its last stages of completion. This should be followed by an intermediate term correction into October.
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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Sunday, August 06, 2017
U.S. Dollar: This Crash Signals the End / Stock-Markets / Stock Market 2017
As the Dow breaches 22,000 and the U.S. dollar slides, Lior Gantz, founder of Wealth Research Group, discusses portfolio positioning.
Apple reported earnings this week and the stock surged, taking the Dow Jones above 22,000 points for the first time in history.
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Saturday, August 05, 2017
Parallel Lives: The U.S. Stock Market and The New York City Subway - Video / Stock-Markets / Stock Market 2017
The NYC Subway and the Stock Market: See Amazing Parallel Trends and Turns For Yourself.
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Saturday, August 05, 2017
The Crisis of World Automation / Stock-Markets / Stock Market 2017
“Money is an amazing, device without which modern civilization could not function but its introduction and development as a debt-credit accountancy system in the context of an increasingly labor-displacing, intensive capital producing system, involves a number of fundamental issues of which we must become aware of and for which we must compensate through a new economic orthodoxy. Keynesianism is dead. Let us actively bury it and move on, rather than let the corpse rot and its disease destroy the natural creative resourcefulness of nations”.
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Thursday, August 03, 2017
Uncertainty At Record Highs, Will Stocks Continue Higher? / Stock-Markets / Stock Market 2017
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Wednesday, August 02, 2017
What Is Widespread Excessive Stock Market Optimism Indicating? / Stock-Markets / Stock Market 2017
I implement these “seasonality” charts as they have been a great framework into all of my trading/investing technical analysis. Seasonality charts are constructed from the past thirty years of historical data.
I implement them as “contrarian indicators”. The “extreme bullishness” is perceived as bearish and the “extreme bearishness” is perceived as bullish!
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Wednesday, August 02, 2017
DOW Jones and EURUSD Changing Fortunes Ahead.... / Stock-Markets / Stock Market 2017
My Bias: long term bearish
Wave Structure: downward impulse wave
Long term wave count: lower in wave (3) red
Important risk events: EUR: Spanish Unemployment Change. USD: ADP Non-Farm Employment Change, Crude Oil Inventories.
Tuesday, August 01, 2017
A Reversal Coming To U.S. Major Stock Indexes? / Stock-Markets / Stock Market 2017
Technically speaking, this week could be very important for the major U.S. equity markets. There is an appearance of a “TOPPING PATTERN” forming. I am now awaiting confirmation by the actions of the equity markets, this week. Expect downward pressure beginning this month of August of 2017.
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Tuesday, August 01, 2017
Markets Are Virtually Risk-Free / Stock-Markets / Stock Market 2017
For the last year, I have been looking for what we classify as a wave (3) to strike the 2500SPX region. And, now, we are getting quite close.
Meanwhile, this rally has brought out two camps of market expectations at this juncture, both of which I believe are wearing blinders. We read about those who believe the markets basically have no limit to their upside, and are "virtually risk-free," and we read those who have "known" that the market will imminently crash during this entire 40% rally since February 2016.
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Tuesday, August 01, 2017
NASDAQ Composite Stocks Index Should Pullback Soon / Stock-Markets / Stock Market 2017
The following video/chart shows NASDAQ composite index. The index has a tremendous rally since the lows around 1975 which is pretty close to the zero level. The index has reached the bottom of the blue box at 6219 area. The question then is whether the index will extend higher or start correcting lower as the minimal target has been reached. As we often say, Elliott wave theory by itself is not enough. In this case, we can see that from the zero line, we can count the index as a completed ABC. However, we can also count it as an incomplete ABC with a black((4)) still to happen. In the Elliott wave theory, any five waves structure always at one moment is a three wave move. It is therefore too early at this stage to determine if the rally will develop into a five waves move.
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Tuesday, August 01, 2017
Stock Market Bears Are Getting Desperate / Stock-Markets / Stock Market 2017
Last weekend, I noted that I expect the market to move up towards the 2487SPX region before we are able to see a market top. And, this past week, we struck a high of 2484.04, and saw a strong reaction to the downside.
While the market has continued higher since February 2016 as I expected, we have all read those articles which suggest the top is going to be seen any day now. And, yes, we have seen them almost daily for the entire 40% rally we have experienced since that time.
Many analysts have been pointing to so many different reasons as to why they believe the market is “wrong.” And many more have pointed to reasons they expected the market to crash imminently, such as terrorist attacks, Brexit, Frexit, Trump election, cessation of QE, interest rate hikes, and many more that we all have read. Yes, most were quite certain that the market would never see its current heights and have fought this rally tooth and nail.
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