Category: Stock Market 2017
The analysis published under this category are as follows.Monday, March 20, 2017
Stock Market Uncertainty Following Interest Rate Increase - Will Uptrend Continue? / 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, March 20, 2017
A Stock Market Dip in the Offing? / Stock-Markets / Stock Market 2017
Right now, the coming dip could be a little scary, but shouldn’t amount to much, maybe around 4%. My guess is the first couple of days next week should see a sharp drop, but a buy the dip mentally and seasonal strength should prevail for now. The astros were ripe for a top around February 27-March 2. We have another even more complex period coming up March 31-April 15. March 31 could be a top and then another secondary bottom around April 11-12 would be ideal. A sharp drop next week would produce a need for a momentum failure retest by around early/mid April.
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Monday, March 20, 2017
Stock Market Correction Continues / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues.
SPX Intermediate trend: The correction from 2400 continues,
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, March 19, 2017
US Fed is Driving Stock Prices and Volatility / Stock-Markets / Stock Market 2017
Last week’s news that the US Fed will raise rates from 0.75% to 1.00% drove the US markets, generally, over 0.40% higher after Fed Chairman Janet Yellen announced the hike. As of right now, the NASDAQ has pushed to a new all-time high and the SPY is very close to an all-time high.
Yet, as we move into the end of March 2017 and begin the spring season, we have to be aware of the risks that are before us. OIL has recently seen a downward price break based on over supply, yet is up today on the Fed news. Gold and Silver are up nearly 2% today. The US Dollar is down nearly 0.75%.
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Sunday, March 19, 2017
The Future for U.S. Stocks has never been so bright / Stock-Markets / Stock Market 2017
Roy Bombardia writes: The U.S. stock market, as indicated by the S&P 500, is on the verge of a massive rally. This rally will be comparable to that of 1995 or 2013 when the S&P more than 30% in one year! Here's why.This is the first time in 8 years in which literally every single market will go up
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Saturday, March 18, 2017
Stock Market 4 Year Cycle / Stock-Markets / Stock Market 2017
The market started the week at SPX 2373. After ticking up to SPX 2374 on Monday the market gapped down on Tuesday to SPX 2358. After that it rallied to SPX 2390, after the FED raised rates 25 bps to 1.0% on Wednesday. Then it pulled back to SPX 2378 to end the week. For the week the SPX/DOW gained 0.15%, and the NDX/NAZ gained 0.55%. Economic reports for the week were mostly positive. On the downtick: the NY/Philly FED, building permits, and the Q1 GDP estimate. On the uptick: the CPI/PPI, retail sales, business inventories, the NAHB, housing starts, capacity utilization, leading indicators, consumer sentiment, the WLEI, plus weekly jobless claims improved. Next week’s reports will be highlighted by durable goods orders and housing. Best to your week!
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Friday, March 17, 2017
Janet Yellen Just Popped the Stock Market Bubble / Stock-Markets / Stock Market 2017
The Fed hiked rates for the third time in eleven years.
In so doing it has confirmed what many have long suspected: that the only thing that matters to the Fed is stock market levels.
The Fed certainly doesn’t care about GDP growth. If it did, it would be evident that now is NOT the time to be hiking rates.
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Friday, March 17, 2017
$1.4 Trillion of SPX Notionals Due to Expire / Stock-Markets / Stock Market 2017
SPX futures are flat going into Quad Witching options expiration. The action is likely to begin in the final minutes before the market opens as traders square away their positions.
ZeroHedge reports, “A quiet start to today's quad-witching St. Patrick's day, with European stocks mixed, Asian shares and U.S. index futures (-0.1%) little changed ahead of industrial production data with just Tiffany's set to report earnings.”
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Thursday, March 16, 2017
Stock Market Resume Uptrend Or Correct Now? / Stock-Markets / Stock Market 2017
Call Me Boring, But… Those who don’t like my writing style may already call me boring (or worse), but as far as stock holdings go I willingly take on that description. If you’re looking for words about yesterday’s FOMC meeting, you won’t find them here. There are plenty of people picking that thing apart and trying to make chicken salad (news) out of chicken shit (a non-event).
I am not going to go on about the precious metals’ big rip yesterday because that is for casino patrons to get excited about. I’ve expected the sector to bounce from oversold conditions. When it takes out real upside parameters (that NFTRH will surely manage) we’ll amp up the hysterics (not really).
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Thursday, March 16, 2017
The Straddle Trade Stock Market Brief / Stock-Markets / Stock Market 2017
Day Trade the News with Straddle Trades.
As part of my trading system I have 7 day trading strategies that I utilise. One such strategy employed is the straddle. This strategy I use to: “trade the news”. (I list all the other 6 strategies below for review. Over the next few months I hope to explain each in greater detail and provide examples of their technical set-up and actual execution).
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Thursday, March 16, 2017
Stocks Get Close To Record High Again As Fed Hikes Interest Rates / 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 16, 2017
US Interest Rates Up Quarter Percent, Stock Market Loved It / Stock-Markets / Stock Market 2017
Fed Yellen raised interest rates a quarter percent today and the stock market loved it. The Nasdaq 100 popped early, and then pulled back, but the S&P 500 kept going up all morning. By midday, just before the FOMC, they pulled back just a little going into that meeting, and then exploded. They pulled back again and rallied sharply. Only at the end of the day did they pull back a little to pare back the profits.
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Wednesday, March 15, 2017
Stock Market Chaos in the Chicken Coop / Stock-Markets / Stock Market 2017
SPX has exceeded its 61.8% Fib retracement and may be headed for the hourly Cycle Top at 2391.50. It is overbought to an extreme and may reverse at any time.
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Wednesday, March 15, 2017
Fanaticism, Stock Market Crash 2017 or Continuation of Bull Market / Stock-Markets / Stock Market 2017
"A fanatic is a man that does what he thinks the Lord would do if He knew the facts of the case." ~ Finley Peter Dunne
Not too long ago this bull market was one of the most hated in history; that no longer appears to be the case. Throughout the unpopular phase of this bull market, we consistently and much to the dismay of many penguins, oops we mean experts, stated that every pullback should have been treated as a buying opportunity. There were two reasons for this; market sentiment was consistently negative, and the trend was up.
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Wednesday, March 15, 2017
Stock Market Most Overvalued On Record — Worse Than 1929? / Stock-Markets / Stock Market 2017
The US stock market today has never been more dangerous and overvalued, according to respected Wall Street market analyst John Hussman.
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Wednesday, March 15, 2017
What's Preventing the Dow from Exploding? / Stock-Markets / Stock Market 2017
The stock market has once again entered a period of consolidation as investors wait for the results of the most important legislative decision of the year. The fight to repeal and replace Obamacare has taken the spotlight as Congress debates the passage of legislation that would eliminate its most burdensome aspects for businesses and individual taxpayers alike.
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Tuesday, March 14, 2017
SPX Futures are Down this Morning / Stock-Markets / Stock Market 2017
Good Morning!
SPX futures are down this morning, but haven’t yet crossed either Short-term support at 2359.10 or the Head & Shoulders neckline at 2355.00. There is still a considerable distance to go. From a timing perspective, the time elapsed between that March 1 high at 2400.98 and the March 10 high at 2376.86 was approximately 45 hours. That is one-half the 12.9-day (90 hour) Cycle that we saw in last January’s decline. Should that observation be correct, it suggests the decline may extend to the close on Monday, March 20.
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Tuesday, March 14, 2017
Strong Stock Market Still, Won’t Give Way / Stock-Markets / Stock Market 2017
The stock market indices had an interesting day today, and a lot of our stocks did very well. The indices, however, were mixed.
Net on the day, the Dow was down 21.50 at 20,881.48. The S&P 500 was up .87 at 2373.47. The Nasdaq 100 was up 8.67 at 5394.57.
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Tuesday, March 14, 2017
Stock Market Elliott Wave Target: SPX 2,700 / Stock-Markets / Stock Market 2017
Looking at the bull market advance since 2009, we can see at least two options for counting. The options are that wave 3 ended in May'15 (blue) or wave 3 is ongoing (green).
The late 2015 decline certainly looks like a potential wave 4 except that the high earlier in May that year came with a negative divergence in RSI. Third waves usually have a strong RSI reading (like now).
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Monday, March 13, 2017
Here's What the Stock Market Could do for the 3rd Time in 17 years / Stock-Markets / Stock Market 2017
The major averages continue to set record highs, which provides further evidence that Wall Street is becoming more complacent with the growing dichotomy between equity prices and the underlying strength of the U.S. economy. When investors view the Total market cap to GDP ratio, it becomes strikingly clear that economic growth has not at all kept pace with booming stock values in the past few years.
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