Category: Stock Market 2017
The analysis published under this category are as follows.Thursday, February 23, 2017
Stock Market Mixed Volatile Day / Stock-Markets / Stock Market 2017
The stock market indices had an interesting, but volatile session today, coming down sharply at the opening, testing support, and when that held they rallied to midday. They pulled back in the afternoon, backed and filled, and finished not far from all-time highs on the Nasdaq 100. Although the S&P 500 failed, it did make a run at it earlier in the day.
Read full article... Read full article...
Wednesday, February 22, 2017
Is it Stock Market Autumn 2007 All Over Again? / Stock-Markets / Stock Market 2017
While the financial world continues to delight in Trump Mania, the US economy has rolled over into recession.
I realize this sounds completely insane. After all, stocks are at new all time highs and a full 61% of Americans view the economy as “strong.”
Unfortunately, this is perception, not reality. When it comes to the economy today, Americans are like the guy who hasn’t realized the party is over, and keeps dancing while others are already starting to leave.
Read full article... Read full article...
Wednesday, February 22, 2017
Stock Market Strong Start to the Week / Stock-Markets / Stock Market 2017
The stock market indices were very strong today to start the week with big gaps up and strong runs early morning, midday they came down three or four times and tested support, unable to break them, and then rallied in the afternoon, finishing near the highs for the day for more new all-time highs.
Net on the day, the Dow was up 118.95 at 20,743.00. The S&P 500 was up 14.22 at 2365.38. The Nasdaq 100 was up 26.00 at 5350.73. All three closed near the highs for the day.
Read full article... Read full article...
Tuesday, February 21, 2017
Big Moves in the World Stock Markets - Big Bases / Stock-Markets / Stock Market 2017
Before we look at some of the 2009 bull market uptrend channels there are a couple of more big consolidation patterns I would like to show you on some of the stock market indexes. The $DAX, German stock market, broke out of its 13 year triangle consolidation pattern back in 2012. Late last year it broke out of the blue bull flag with a nice clean backtest to the top rail. The big triangle consolidation pattern also had a smaller triangle as part of its internal structure.
Read full article... Read full article...
Tuesday, February 21, 2017
Stock Market Uptrend Continues / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: Uptrend continues
SPX Intermediate trend: Minor reversal at 2300, followed by resumption of uptrend.
Read full article... Read full article...
Monday, February 20, 2017
Stock Market Lindsay’s 107-day Interval / Stock-Markets / Stock Market 2017
George Lindsay wrote of a 107-day interval which he used as a confirming tool for finding highs in the Dow. Like all of Lindsay’s models, this one was not to be used in isolation – a common mistake made by those familiar with his most popular model – Three Peaks and a Domed House.
Read full article... Read full article...
Saturday, February 18, 2017
S&P 2330 Holds as Stock Market Shows No Fear (Yet) / Stock-Markets / Stock Market 2017
All eyes were on 2330 support again on Friday in the Emini S&P 500 (ES), but that level contained the morning's selling pressure, reaching a low at 2336.50. It is curious that before a three-day weekend, the ES gained upside steam in the final hour of trading. In other words, there is NO FEAR (yet).
Read full article... Read full article...
Saturday, February 18, 2017
SPX Stocks Bull Market Continues to make New Highs / Stock-Markets / Stock Market 2017
The market started the week at SPX 2316. After a gap up opening on Monday the market traded to SPX 2351 by Wednesday. Then after a pullback to SPX 2339 on Thursday, the market rallied to end the week at SPX 2351. For the week the SPX/DOW gained 1.65%, and the NDX/NAZ gained 1.85%. Economic reports for the week were mostly higher. On the downtick: capacity utilization, industrial production, the WLEI, the Q1 GDP estimate, the NAHB, plus weekly claims rose. On the uptick: the CPI/PPI, NY/Philly FED, retail sales, business inventories, housing starts, building permits and leading indicators. Next week’s reports will be highlighted by the FOMC minutes, consumer sentiment and more housing reports. Best to your 3-day weekend and week!
Read full article... Read full article...
Friday, February 17, 2017
Stock Market Crash 2017; Reality or all Hype / Stock-Markets / Stock Market 2017
"A man profits more by the sight of an idiot than by the orations of the learned." ~ Arabian Proverb
We have one expert after another predicting that it is time for the markets to crash; mind you these same chaps sang this same terrible song of Gloom in 2015, 2016 and now they are singing it with the same passion in 2017. There is one noteworthy factor, though; a few former Bulls have joined the pack. Does this now mean that the markets are going to crash? Apparently not, well, at least if you look at the indices, as of Jan the market continues to trend higher. Furthermore, what is a crash or for that matter a pullback or a correction? Does it not all boil down to a perception?
Read full article... Read full article...
Friday, February 17, 2017
Stock Market Precarious Day, but Held Support / Stock-Markets / Stock Market 2017
The stock market indices had an interesting session with a steep decline in the morning, moved sideways in a basing-type consolidation, which could have been bearish, but it turned out at the end of the day, and the last hour they moved up toward resistance, although it was a mixed session, and narrowly mixed session at the close.
Read full article... Read full article...
Friday, February 17, 2017
Soaring Stock Market - Is This What They Mean By “Crack-Up Boom”? / Stock-Markets / Stock Market 2017
In 1980, the US government – along with pretty much all of its peers – began borrowing at an accelerating rate. Note on the following chart how the trend line steepened in the 2000s and then steepened again in this decade, with a sudden and unexpected pop in 2015 and early 2016, even as the current recovery entered its 8th year.
Read full article... Read full article...
Thursday, February 16, 2017
SPX Wave Structure Solved. VIX is Positive / Forecasts / Stock Market 2017
My earlier estimates of the SPX targets were based on Wave [c] being impulsive, not in a zigzag Diagonal format. Had I stepped back earlier, it may have been more evident. In any event, the natural target for Wave [c] appears to be 2354.36, which is no far from the earlier 2350.00 limit I had put on it.
Read full article... Read full article...
Wednesday, February 15, 2017
The Trump Stock Market Rally Is Just Getting Started! / Stock-Markets / Stock Market 2017
Have you ever been presented with an opportunity and missed out on it? Well, here is an opportunity you Do NOT want to miss out on.
Based upon my unique “Cycle Analytical” work combined with my “Proprietary Predictive Analytics Model”, I can assure you that there are new highs to be made in the U.S. stock. Appling my unique metric, which are not available to the public, I can inform you that the stock markets are not overbought or overextended, at present. The market remains in a clear bullish trend! This next new leg is very sustainable!
Read full article... Read full article...
Wednesday, February 15, 2017
Stock Market Indexes Appear Ready to Roll Over / Stock-Markets / Stock Market 2017
The key to the markets is still the USD. The futures have hit 101.75 thus far this morning, which is a 55% retracement of the decline. The structure appears to be a Diagonal. Whether it is a Leading or Ending Diagonal is yet to be determined. Today it will have completed 8.6 days from its February 2 low.
Read full article... Read full article...
Tuesday, February 14, 2017
The Stocks Bull Market No One Believes In / Stock-Markets / Stock Market 2017
The stock market continues to make new highs, yet none of the signs which accompany a market bubble are evident. Investors are asking, “When will the Dow finally correct?” By “correct” they mean “decline.” However, a market correction doesn’t always entail a decline for the major averages and can sometimes take the form of a lateral consolidation or trading range. That appears to be the case for the 2-month period from December through early February when the Dow and S&P made little headway.
Read full article... Read full article...
Tuesday, February 14, 2017
This Is Why You Don’t Own A Lot Of Stocks / Stock-Markets / Stock Market 2017
You’d think that by now every relevant measure of stock market overvaluation would have been converted into a chart and circulated throughout the blogosphere. But Zero Hedge has come up with a new one depicting how long the typical wage slave has to work to buy the typical stock. And – surprise – it shows historic, egregious overvaluation which, if history is any guide, implies a crash is close at hand.
Read full article... Read full article...
Tuesday, February 14, 2017
Stock Market is Playing Pied Piper / Stock-Markets / Stock Market 2017
SPX is approaching its next Cyclical hourly interval at 64.5 hours. I went back to see what I may have missed and the obvious item is the Wave relationship where Wave 5 seeks equality with the length of Wave 1. That occurs at 2332.13. The match does not have to be exact. A near miss or a slight overshoot can happen.
The Cycle Top support is now at 2313.50. That may be used as an advance warning of a probable trend change.
Read full article... Read full article...
Monday, February 13, 2017
Stock Market VIX Cycles set to Explode in March/April 2017 – Part 2 / Stock-Markets / Stock Market 2017
Previously, I authored a “Part 1” of this article regarding my analysis of the VIX cycles. I sincerely hope my readers enjoyed the analysis and I hope it opened up a few questions regarding the potential moves in the US and global markets. Today, we will delve deeper into the concept of the VIX cycle patterns that I’ve identified and use common technical analysis concepts to attempt to identify price target levels as well as support and resistance that may become important in the immediate future.
Read full article... Read full article...
Monday, February 13, 2017
Stocks At Record Highs - Will Uptrend Accelerate? / Stock-Markets / Stock Market 2017
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, S&P 500 index).
Our intraday outlook remains 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, February 13, 2017
Lindsay Stock Market 12-year Low / Stock-Markets / Stock Market 2017
As often noted, the first step in a Lindsay forecast is determining the long-term intervals; 15yr (15yr-15yr, 11mo) for highs and 12yr (12yr, 2mo-12yr, 8mo) for lows. Counting a 12yr interval from point B of Lindsay's Long Cycle on 3/7/05 forecasts a significant low in the period May-November 2017. However, the 1/3/17 Market Update laid out a forecast for a significant high (using both a 15yr interval and Basic Movements) in the period April-August 2017. And to further confuse things, a Three Peaks/Domed House pattern - combined with a Hybrid Lindsay forecast - seem to be pointing to a high within hours of now. How do we reconcile all of this?
Read full article... Read full article...