Category: Stock Market 2017
The analysis published under this category are as follows.Tuesday, May 30, 2017
A New (questionable) Stock Market Uptrend? / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues with a notable loss of upside momentum.
SPX Intermediate trend: The correction from 2400 on 3/08 continues, with a B-wave still likely despite a new high.
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, May 28, 2017
The REAL Stock Market Remains Below Its February Highs / Stock-Markets / Stock Market 2017
For weeks I’ve been noting that stocks are being driven by a market rig.
By way of review, that rig is as follows:
1) Someone slams the VIX lower.
2) This forces risk-parity funds to buy stocks, usually the FANGs or large-cap Tech names (Facebook, Apple, Netflix, Google).
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Saturday, May 27, 2017
Malefic Planets, Cycle-Waves Portend Big Stock Market Drop Ahead / Stock-Markets / Stock Market 2017
May 17 saw one of the largest drops of the stock market this year. I believe we will see an even larger drop early next week. There are three distinct reasons apart from the daily MACD failing to make a new high along with the SPX. Firstly, we have Mars in Gemini opposing Saturn in Sagittarius on May 29, Memorial Day. This is a violent combination with each in a mutable sign. Either there is likely to be a terrorist attack (God forbid) or an attack on another nation that they will likely blame the drop on. I hope I’m wrong about the violence, but I’m positioned short with SPY puts based on other factors as well.
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Saturday, May 27, 2017
SPX/NDX/NAZ Hit New All-time Highs / Stock-Markets / Stock Market 2017
The market started the week at SPX 2382. After a gap up opening on Monday the market continued to rally until it hit a new high at SPX 2419 on Thursday. After that there was a small pullback to end the week at SPX 2416. For the week the SPX/DOW gained 1.35%, and the NDX/NAZ gained 2.25%. Economic reports for the week were mostly negative. On the downtick: new/existing home sales, durable goods, consumer sentiment, the Q2 GDP estimate, plus weekly jobless claims rose. On the uptick: Q1 GDP and the WLEI. Next week’s reports will be highlighted by monthly payrolls and the FED’s beige book.
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Friday, May 26, 2017
Stock Market & Crude Oil Forecast! / Stock-Markets / Stock Market 2017
The SPX hit new highs and will see even higher highs! Goldman Sachs, is the latest bank to publish research, to justify the current high prices of the market and its year-end SPX price target. Goldman argues that the index can head higher to 2580 in this bull market trend.
The current rally continues to climb without a quantifiable pullback!
My proprietary technical model has now confirmed a NEW BUY SIGNAL on the SPX! This is a new signal informing us of the continuation of this rally. President Trump’s pro-business policies, along with soaring business and consumer optimism, is jet fuel for this bull market to continue even higher.
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Friday, May 26, 2017
Credit Downgrades May Prompt Stock Market Capital Shift / Stock-Markets / Stock Market 2017
Recent news regarding Moody’s credit downgrades in China will likely continue to roil the global markets and present multiple unique opportunities for strategic investors. As debt concerns grow throughout some areas of Asia and new US policy efforts shake up some common perceptions, a shift in capital is likely to occur over the next few months.
Today, I read about massive layoffs in India’s technology sector as a reaction to decreasing engagement of foreign IT services/support is a result of President Trump’s policies. When we take this news in combination with Moody’s credit downgrades for China and the fact that almost all of South East Asia is interconnected in terms of economy and trade, we begin to see a picture that is fairly clear in terms of transitional economic shifts.
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Thursday, May 25, 2017
Stock Market Top - Are We There Yet? / Stock-Markets / Stock Market 2017
Good Morning!
SPX futures are at new highs this morning. This appears to be Wave (v) of [v] of 5…the final push.
Potential targets are as follows:
Wave 5 equals Wave 1 at 2408.83.
Wave [v] equals Wave [i] at 2413.85.
The 2-hour Cycle Top is at 2411.05.
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Thursday, May 25, 2017
Stock Market At Record High Again, Will Stocks Accelerate Their Uptrend? / Stock-Markets / Stock Market 2017
Our intraday outlook is now neutral, and our short-term outlook is neutral. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral
Thursday, May 25, 2017
DOW Set for Short Term Correction / Stock-Markets / Stock Market 2017
My Bias: short below parity.
Wave Structure: continuing impulsive structure to the downside in wave (5)
Long term wave count: decline in wave (5) blue, below parity
Important risk events: GBP: Second Estimate GDP q/q, Business Investment q/q. USD: Unemployment Claims, OPEC Meetings
Wednesday, May 24, 2017
Stock Market Excellent Consolidation Day / Stock-Markets / Stock Market 2017
The stock market indices had a very excellent consolidation day, ending with gains on the day. The day started out with a pop to the upside, then a quick pullback, but the S&P 500 went to new highs, and the Nasdaq 100 failed to do so. When that happened, they pulled back midday. They tried to rally in the afternoon, unable to take out the highs. They pulled back at the end of the day, but then a quick, ten-minute snapback ensued that put them in the plus column.
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Wednesday, May 24, 2017
SPX Burns Stock Market Shorts / Stock-Markets / Stock Market 2017
SPX sits on the knife’s edge. There’s no new high, but no decline to speak of, yet. Anything may happen, including an overnight bust. However, I cannot make any recommendations without more substantiation.
By the way, SPX did “close the gap” at 2400.67, taking out the shorts who jumped in beneath the trendline.
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Wednesday, May 24, 2017
The Stock Market Will Tank Hard / Stock-Markets / Stock Market 2017
The script for 2017-2018: Melt Up, then Global Meltdown, says Lior Gantz, editor of Wealth Research Group, who sees industrial metals, specifically silver and zinc, leading a commodities charge, while broad indices take a nose dive.
The market cap of the NASDAQ has reached a new all-time high of $8.705 trillion recently, which is equal to 45.8% of U.S. GDP. The long-term median NASDAQ market cap/GDP ratio is only 24.91%.
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Tuesday, May 23, 2017
Rosenberg: Republican Presidents Always Come In Near The Stock Market Top / Stock-Markets / Stock Market 2017
By Patrick Watson : GOP presidents have terrible luck. The last three before Trump took office near economic and market peaks, and Trump may have done the same.
That's what Gluskin Sheff economist David Rosenberg said at the Mauldin Economics Strategic Investment Conference today. In a sweeping presentation he called "The Trials and Tribulations of Trumponomics," Rosenberg noted the odd pattern dating back almost 40 years.
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Tuesday, May 23, 2017
Stock Market Forecast for Next 3 Months - Video / Stock-Markets / Stock Market 2017
This is the stock market forecast for the next 3 months for the US stock market, gold, silver, and gold mining stocks. In this video I also tell you what is the next market going to do tomorrow.
Each trading day I share my updated pre-market stock market forecast for the next 3 months and on Fridays, I share my stock market forecast for next week.
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Tuesday, May 23, 2017
Stock Market Good Day to Start the Week / Stock-Markets / Stock Market 2017
The stock market indices had a exceptional up-day today. The day started out with a gap to the upside, then a sharp run-up, they consolidated in the morning, continued midday, pulled back early afternoon, and ran again for a fifth wave in the afternoon, finishing near the session highs for the day.
Net on the day, the Dow was up 89.99 at 20,894.83. The S&P 500 was up 12.29 at 2394.02. The Nasdaq 100 was up 47.84 at 5699.40.
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Monday, May 22, 2017
Stock Markets Should Fear Central Banks More Than Trump / Stock-Markets / Stock Market 2017
Trump’s economic agenda has become further delayed by what seems like daily leaks from the White House. This may finally bring about the long-awaited equity market pullback of at least 5 percent. However, what will prove to be far more troubling than Trump’s ongoing feuds with the DOJ and the press, is the upcoming market collapse due to the removal of the bids from global central banks.The markets have been feeding off artificial interest rates from our Federal Reserve and that of the European Central Bank and the Bank of Japan for years. In addition, the global economy has been stimulated further by a tremendous amount of new debt generated from China that was underwritten by the PBOC. After it reached the saturation point of empty cities, China is now building out its “Belt and Road Initiative” that could add trillions of dollars to the debt-fueled stimulus scheme that has been spewed out over the world-wide economy.
Monday, May 22, 2017
Stocks Fluctuate Along Record Highs - Topping Pattern Or Just Pause? 22nd May / Stock-Markets / Stock Market 2017
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).
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
Monday, May 22, 2017
Stock Market Volatile C-Wave / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues.
SPX Intermediate trend: The correction from 2400 on 3/08 continues, with the B-wave now in place.
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.
Monday, May 22, 2017
Stock Market Trend Forecast and Fear Trading / Stock-Markets / Stock Market 2017
The broad US stock market last week took a tumble sending a massive wave of fear through investors’ minds. On Wednesday May 17th the S&P 500 index plummeted 1.7% causing the fear index to jump a whopping 48% in a single session.
What does this mean and what should we expect going forward? I don’t see the recent drop as being anything to worry about at this point. It’s important to remember that some of that larges drops in stocks happen during a bull market (rising trend). In fact, these stand out sharp drops on the charts are nothing more than the market trying to buck investors out of the bull market (scare them out) before it continues higher.
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Sunday, May 21, 2017
Stocks Bull Market and Donald Trump's Death Knell / Stock-Markets / Stock Market 2017
In the minds of many investors, the election victory of Donald J. Trump to the United States Presidency was nothing short of a miracle. Following his shocking victory, expectations were high that Trump would, with the help of Congress, fulfill his promises of tax reform and infrastructure spending. The lifting of the heavy penalties associated with Obamacare was another hope that investors cherished. Many hailed his victory by declaring that it was “morning in America” again. But after only six months since the election, Trump's presidency has hit a potentially fatal obstacle and he now faces the growing possibility of impeachment.
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