Category: Stock Market 2017
The analysis published under this category are as follows.Saturday, March 25, 2017
Stocks Have Partied Hard Since Election Night… Now Comes the Hangover / Stock-Markets / Stock Market 2017
The market is now on very thin ice.
Yesterday worked off some of the “oversold” status for stocks, but we are in extremely dangerous territory today.
The S&P 500 has taken out critical support (red line) as well as the bull market trending running back to early November (blue line).
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Saturday, March 25, 2017
Political Week Presurres US Stock Market / Stock-Markets / Stock Market 2017
The market started the week at SPX 2378. After a pullback to SPX 2370 on Monday, the market gapped up to 2382 on Tuesday. But that was immediately sold off and the market hit SPX 2336 by Wednesday. Thursday the market rebounded to SPX 2359, then on Friday the market retested 2336 and ended the week at 2344. For the week the SPX/DOW lost 1.45%, and the NDX/NAZ lost 1.00%. Economic reports were mixed on the week. On the downtick: existing homes sales, the WLEI, plus weekly jobless claims rose. On the uptick: new home sales, durable goods orders, and the Q1 GDP estimate. Next week’s highlights: Q4 GDP, the Chicago PMI, the PCE and a speech from FED Chair Yellen. Best to your weekend and week!
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Friday, March 24, 2017
Stocks Bull Market Time to Get on Board / Stock-Markets / Stock Market 2017
As I noted in my last COTD, there are signs popping up that stocks are about to, or have completed a very mild intermediate cycle low. The vast majority of traders decide to buy (or join the SMT) after most of the move has already happened. Last summer my biggest influx of new subs occurred right at the summer high in metals. No one wanted to join the SMT in January when I was calling the bottom. They waited till the move had rallied 180% before joining. Go figure.
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Friday, March 24, 2017
Is Stock Market Flash Crash Postponed Until Monday? / Stock-Markets / Stock Market 2017
Good Morning!
USD spiked higher overnight, but lost all of its gains after 3:00 am in the Premarket. It hasn’t made a new low yet but, by all appearances, may do so very soon. We will be watching the 98.70 to 99.00 support to see if it is broken.
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Friday, March 24, 2017
Stock Market Bubble and Gold / Stock-Markets / Stock Market 2017
In January, the Dow Jones Industrial Average broke above the symbolic 20,000 for the first time ever. This development raised again concerns about the condition of the U.S. stock market - further gains could be a headwind for the gold market, but the end of the bull market would support the yellow metal. The valuations were at record highs even before the presidential elections, but Trump's rally elevated them further, as the chart below shows.
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Friday, March 24, 2017
The Best Stock Market Investment Strategy Today: Be Optimistic and Short / Stock-Markets / Stock Market 2017
BY JARED DILLIAN : For the last eight years of my life, we’ve been dealing with higher taxes and lots more regulation.
Like I’ve written about before, we’ve been dealing with these things for so long that we’ve forgotten what it was like not having to deal with them.
And if we had elected Hillary Clinton, we would have gotten even more of the same. A few months into the Trump regime, and we have started to figure out that things are going to be very different.
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Friday, March 24, 2017
Stock Market Mixed to Nominally Lower Day with Good Technicals / Stock-Markets / Stock Market 2017
The stock market indices had a mixed to nominally lower day with pretty good technicals for a positive down day, which is bullish, but the overall look of the trend wasn’t good. The snapback began yesterday, extended this morning, and came down in a 3-wave corrective pullback. It remains to be seen whether the lows hold, and whether or not this extends to the downside, or if this is just a consolidation before we resume back up. Right now, I favor the downside, so we’ll see if that occurs.
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Thursday, March 23, 2017
Stock Market VIX Cycles Set To Explode March/April 2017 – Part II / Stock-Markets / Stock Market 2017
Back in early February 2017, we posted an article to all our members about how our analysis showed a very strong potential for larger price swings with the potential for a massive explosion in the VIX indicator based on a price cycle pattern we had been studying. Many of you may remember this article, if not Click Here to review the original.
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Thursday, March 23, 2017
The Stock Market Is a Present-Day Version of Pavlov’s Dog / Stock-Markets / Stock Market 2017
David Rosenberg is one of the most respected voices in the investing world. His Breakfast with Dave goes out to thousands of appreciative subscribers nearly every business morning.
Rosie is the “Data Meister.” To everyone’s surprise, Rosie turned bullish in a big way six years ago. Now he’s cautious—in a big way—as you’re about to see.
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Thursday, March 23, 2017
Stock Market Upward Reversal Or Just Quick Rebound Before Another Leg Down?? / 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
Thursday, March 23, 2017
Volatile Stock Market Session Ends Mixed / Stock-Markets / Stock Market 2017
The stock market indices volatile session today. They opened to the upside, pulled back, tested the lows successfully on the Nasdaq 100, while the S&P 500 made lower lows, and then they had a nice morning, sharp rally, got up to resistance, backed off and formed wedges. Late in the day they broke those wedges, but weren’t able to follow-through much, and backed off into the close, finishing mixed on the day.
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Wednesday, March 22, 2017
Trump Stock Market Rally Over? 20% Bear Drop By Mid Summer? / Stock-Markets / Stock Market 2017
The stock market has been on a tear since Donald Trump surprised nearly everyone by winning the November 2016 US Presidential election, including the markets. Since which time the Dow has gone from a November low of 17,883 to an early March high of 21,200. That's a near 19% bull run in just 4 months! During which time America's Alt-Reality thin skinned President has often stepped forward to claim success for the stocks bull market rally under his Presidency.
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Wednesday, March 22, 2017
Trump Added $3 Trillion in Wealth to Stock Market Participants / Stock-Markets / Stock Market 2017
The “talking heads” in the media are saying that the markets are “not supposed to be this high”. Analyst are just now raising their targets for the SPX for the rest of 2017. My long-term target, as of now, is 2550 and possibly even higher. It is now heading into a corrective wave pattern before beginning its’ next new impulsive wave UP.
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Wednesday, March 22, 2017
Trump Stocks Bull Market Rolling Over? You Were Warned! / Stock-Markets / Stock Market 2017
The stock market has been on a tear since Donald Trump surprised nearly everyone by winning the November 2016 US Presidential election, including the markets. Since which time the Dow has gone from a November low of 17,883 to an early March high of 21,200. That's a near 19% bull run in just 4 months! During which time America's Alt-Reality thin skinned President has often stepped forward to claim success for the stocks bull market rally under his Presidency.
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Wednesday, March 22, 2017
Stock Market Charts That Scream “This Is It” - Here’s What to Do / Stock-Markets / Stock Market 2017
By Stephen McBride: The S&P 500 and DJIA haven’t seen a 1% drop since October 2016. For some perspective, Hillary Clinton was the presidential frontrunner the last time markets fell 1%. This is the longest such streak for both indices in over 20 years.
In February, the DJIA recorded its longest “winning streak” since 1987. It closed 2,000 points above its 200-day moving average for the first time ever.
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Tuesday, March 21, 2017
Aggressive Stock Market Sell Signals / Stock-Markets / Stock Market 2017
SPX has now violated the neckline. This gives us our sell signal in SPX. Confirmation may come with the violation of the Broadening Wedge trendline at 2345.00.
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Tuesday, March 21, 2017
SPX turns at the half-Cycle interval / Stock-Markets / Stock Market 2017
This morning’s action may add credence to a 43-hour decline from the 2390.01 top and the probable Master Cycle low on Friday morning, as discussed this morning. The SPX turned exactly at the 21.5 hour interval. Wave [iii] may be underway.
There is no signal from the VIX or the Hi-Lo. They will likely be in place as SPX declines through the neckline.
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Tuesday, March 21, 2017
Biotech’s had Especially Good Day on Mixed Stock Market Session / Stock-Markets / Stock Market 2017
The stock market indices started off the day with a little bit of a dip, with lower futures, and then exploded, testing the Nasdaq 100 all-time highs, but could not get through the 5427 area. The S&P 500 rallied sharply as well, but only did 50% of its drop from Friday afternoon, and then both indices rolled over sharply, reaching the Thursday’s lows on the Nasdaq 100 and the gap low on the S&P 500. Late in the day, they rallied, but in the last few minutes backed off again to close mixed on the day.
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Tuesday, March 21, 2017
SPY Flirting With Near-Term Stock Market Sell Signal / Stock-Markets / Stock Market 2017
On Friday, the SPY closed beneath its 20-day moving average (DMA) for the first time since the Dec 28 close at 224.40, which triggered a very minor bout of weakness for two days into a Dec 30 low at 222.73 (0.93%).
Purely from a technical perspective, when the SPY closes beneath the 20 DMA, the ensuing weakness is dependent on the slope of the moving average (MA) at the time. If the MA is sloping upward, then the likelihood is that SPY will endure just a brief, shallow correction prior to a resumption of the underlying uptrend.
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Monday, March 20, 2017
Stock Market Long, Hot Summer / Stock-Markets / Stock Market 2017
It looks like the Dow is due for its first major correction of 2017. While the expected downturn could be “uncomfortable” for many, it is not expected to witness the end of the secular bull market.
Lindsay’s long cycle is expected to count a 15yr interval between point A (10/10/02) and points J or H. That would place the more important high in the period from October’17 until September’18.
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