Category: Stock Market 2017
The analysis published under this category are as follows.Saturday, June 24, 2017
The Swiss National Bank Owns $80 Billion in US Stocks—Here’s the Catch / Stock-Markets / Stock Market 2017
Switzerland is a small country of just 8 million people, but they make an outsized impact on economics and finance and money.
Because Switzerland is considered a safe haven and a well-run country, many people would like to hold large amounts of their assets in the Swiss franc. This makes the Swiss franc intolerably strong for Swiss businesses and citizens.
So the Swiss National Bank (SNB) has to print a great deal of money and use nonconventional means to hold down the value of their currency. Their overnight repo rate is -0.75%.
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Friday, June 23, 2017
SPX and NDX meet Fib and Cycle Requirements / Stock-Markets / Stock Market 2017
You may be interested to know that the current (or should I say past) Cycle took exactly 17.2 hours of elapsed time from top to top. It also made a mere 47% Fibonacci retracement.
The next move is a break of the Broadening Wedge trendline that, when triggered, forecasts a decline beneath the Brexit low at 1991.00.
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Thursday, June 22, 2017
FAANG Is Now a Textbook Example of an Overheated, Unsustainable Market / Stock-Markets / Stock Market 2017
Technology stocks suffered from a little anxiety attack in the markets last week.
It didn’t last long and really wasn’t all that serious. (Yet.) It was nothing worse than what everyone called “normal volatility” 10 years ago.
But the lack of concern it generated this time is not bullish. More than a few investors seem to think that “nowhere but up” is somehow normal.
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Thursday, June 22, 2017
More Stock Market Fluctuations Along New Record Highs / 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, June 21, 2017
Stock Market SPX Making New Lows / Stock-Markets / Stock Market 2017
The bounce back made a 32.7% retracement which is a little suspect. However, we are now seeing an impulsive move to deeper lows. This may be a Wave (b) of the correction and could see a bounce back, but the further it goes, the less the probability of being a correction. It has crossed Short-term support at 2433.69, but may hesitate or bounce. A continued decline verifies the impulse.
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Wednesday, June 21, 2017
Stock Market Is Headed for a “Minsky Moment”—It Can Happen Quickly, Too / Stock-Markets / Stock Market 2017
Economics has a lot of overused themes and phrases. One of them is highly relevant today yet forgotten by many.
It’s “Minsky moment,” the point at which excess debt sparks a financial crisis.
The late Hyman Minsky said that such moments arise naturally when a long period of stability and complacency eventually leads to the buildup of excess debt and overleveraging.
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Tuesday, June 20, 2017
Stock Market Quick Airpocket Ahead, Gold Miners Look Good / Stock-Markets / Stock Market 2017
The stock market is due for a sudden air pocket, likely from Tuesday to Thursday this week. My downside target is 2398 . We are due for the 10 week low from April 13, 2017. The SPX is making an irregular abc type (y) wave top that is not being confirmed by stochastics or the MACD daily. Last time we saw this was May 16-17, 2017 on the 5 and 7 week low. The pattern is bullish once resolved. We should see a final top on or near July 5-7.
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Tuesday, June 20, 2017
Most Popular Auto Trading Tools for trading with Stock Markets / Stock-Markets / Stock Market 2017
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Tuesday, June 20, 2017
Is Amazon/Whole Foods Sign this Cycle’s AOL/Time Warner Party is Over? / Companies / Stock Market 2017
Towards the end of the 1990s tech stock bubble, “new media” – i.e., the Internet — was ascendant and old media like magazines, newspapers and broadcast TV were yesterday’s news. This was reflected in relative stock valuations, which gave Internet pioneer AOL the ability to buy venerable media giant Time Warner for what looked (accurately in retrospect) like an insane amount of money.
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Monday, June 19, 2017
Today’s Stock Market Is Not Yet At Dot-Com Bubble Levels / Stock-Markets / Stock Market 2017
PATRICK WATSON : Worried about a stock market crash?
Valuations are high, yes, but not at the levels seen in the late 1990s dot-com craze.
A Leuthold Group study used the same measures to compare today’s valuations against those in the 1990s.
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Monday, June 19, 2017
Positive Stock Market Expectations, But Will Uptrend Continue? / 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
Sunday, June 18, 2017
Stock Market Higher Highs Still Likely / 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: Correction over. May be heading for about 2500, or fall slightly short of it.
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, June 18, 2017
NDX/NAZ Continue downward pressure on the US Stock Market / Stock-Markets / Stock Market 2017
The week started at SPX 2432. After a decline to SPX 2420 on Monday the market rallied to 2444 by Wednesday. The market dropped to SPX 2419 on Thursday, then rallied to 2433 to end the week. For the week the SPX/DOW gained 0.3%, and the NDX/NAZ lost 1.0%. Economic reports continue to be weak. On the downtick: retail sales, the CPI, business inventories, import prices, the Philly FED, capacity utilization, the NAHB, housing starts, building permits, consumer sentiment, the Q2 GDP estimate, the WLEI, and the budget deficit widened. On the uptick: the NY FED and jobless claims improved. Next week’s reports will be highlighted by leading indicators and more housing.
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Saturday, June 17, 2017
Crazy Charging Stocks Bull Market Random Thoughts / Stock-Markets / Stock Market 2017
In the sphere of thought, absurdity and perversity remain the masters of the world, and their dominion is suspended only for brief periods. Arthur Schopenhauer
The proverbial question for many years has always been; when will this stock market bull end? By every measure of logic and or common sense, this bull market should have crashed years ago. However, it hasn't, and much to the angst of many professionals continued its march upwards against all the odds. We would like to stop here and state that this market is now very close to trading in the extremely overbought ranges. A market can trade in the overbought ranges for an extended period. In this instance, we analysed monthly charts, where each bar represents a month’s worth of data. Historically, a market has experienced a correction within 5-10 months from the occurrence of this event. As of yet, the markets are not trading in the extremely overbought ranges on the monthly charts, but they are very close to moving into this zone.
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Thursday, June 15, 2017
Counting Down the LAST DAYS of the Stocks Bull Market, at FIVE degrees of trend! / Stock-Markets / Stock Market 2017
My Bias: market topping process ongoing
Wave Structure: Impulsive 5 wave structure, possibly topping in an all time high.
Long term wave count: Topping in wave (5)
Important risk events: USD: Unemployment Claims, Empire State Manufacturing Index.
Wednesday, June 14, 2017
Ultra-low Stock Market Volatility #ThisTimeIsDifferent / Stock-Markets / Stock Market 2017
We increasingly see claims low volatility in the markets may be structural. Even as we agree that some of the analyses we see make good points, we are concerned we may be setting ourselves up for a major shock. Let me explain.
Before getting into the details about the current environment, let me make some general observations. In my experience, complacency, with its cousin low volatility, is the best bubble indicator I am aware of. Perceived safety gets investors to pile into investments that they later regret. When it happens on a massive scale, major market distortions may be created that can lead to financial crises. And as the tech bubble that burst in 2000 shows, even if there is no systemic risk, the unwinding can be most painful to investors. In 2008, however, the perception that home prices always had to rise had become engrained in highly levered, yet illiquid, financial instruments, causing the unwinding to bring the global financial system to its knees. In our assessment, however, make no mistake about it: assuming for a moment the next crash won't take down a major bank, doesn't imply it cannot wipe out much more of your wealth than you ever anticipated.
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Wednesday, June 14, 2017
Stock Market Tech Shakeout! / 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: Correction over. May be heading for about 2500, or fall slightly short of it.
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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Tuesday, June 13, 2017
How One Forecasting Tool Defied the Stocks Bull Market Naysayers / Stock-Markets / Stock Market 2017
Three compelling Elliott wave charts lay it all outThe Elliott wave model often indicates a stock market outlook that's at odds with the sentiment of the crowd.
But, that's okay. The crowd is usually wrong at major market turns.
For example, two years ago on May 9, 2015, the bull market was six years old
and the third longest in history. A few days earlier, CNN Money said:
Tuesday, June 13, 2017
Goldman Sachs Crashes Tech FANG Stocks! / Stock-Markets / Stock Market 2017
Last Friday June 9th, 2017, Robert Bouroujerdi, a Goldman Sachs analyst, “warned that the $600 billion outperformance by the 5 biggest tech stocks known as ‘FAAMG’ — Facebook, Amazon, Apple, Microsoft and Alphabet — had contributed about 42 percent of all stock market gains over the last year. Goldman worries that the boom has created an “valuation air-pocket,” similar to the ridiculously high valuations for tech stocks during the Dot-Com boom.”
Goldman Sachs comments “market’s over-reliance on FAAMG for growth and appreciation has created positioning extremes, factor crowding and difficult-to-decipher risk narratives.”
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Tuesday, June 13, 2017
Stock Market Long-term Elliott Wave View / Stock-Markets / Stock Market 2017
I am sending the charts in landscape to capture as much detail as possible. Wave [5] has been a stretch of 506 days, approximately 2.8 times the time of Wave [1]. By stretching, it gave us 17.2 years from high to high in this Super Cycle.
Wave [5] was 636.10 points, while Wave [1] was 347.61 points. Wave [5] was 2.81 times the size of Wave [1] in days.
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