Category: Stock Market 2017
The analysis published under this category are as follows.Thursday, January 12, 2017
USD in Decline. SPX and TNX May Follow / Stock-Markets / Stock Market 2017
The USD is in decline, challenging its 50-day Moving Average at 10.99 by declining to 100.70 this morning. The USD has a high correlation to equities and an inverse correlation to treasuries and gold.
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Thursday, January 12, 2017
Stock Market Drops After Trumps Biotech Pricing Comments, Impressive Come Back / Stock-Markets / Stock Market 2017
The stock market had a very volatile day today as the indices went up in the morning, down in the afternoon on news that Trump is going to make the biotech companies accountable for pricing, rallied back up, came back down to retest, held, and then put on a very impressive afternoon rally that took the indices back into the plus column, to close up on the day.
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Wednesday, January 11, 2017
Stock Market Short, Sharp Pull Back? / Stock-Markets / Stock Market 2017
A short, sharp in the stock market may be in the offing over the next couple of days. I believe that last Friday’s top in the SPX signaled a Y wave top and now we should see Z of "sub-minuette wave 4". Our subs made 11.7% in 5 days buying the reverse volatility ETF SVXY. Most market gurus were gloomy going into the New Year, but we went the other way. A final wave 5 should take us just over 2310 by or around January 23.
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Monday, January 09, 2017
Stock Market Major Indexes Reached New Record Highs - But Will They Continue Higher? / 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
Sunday, January 08, 2017
Soft Commodities and the SPX Stocks Bull Market / Stock-Markets / Stock Market 2017
The week started on Tuesday at SPX 2239. The market gapped up to start the week, hit SPX 2264, sold off to 2245, then gapped up on Wednesday to hit 2273. Thursday the market pulled back to SPX 2260. Then on Friday the SPX made all-time new highs at 2282. For the week the SPX/DOW gained 1.45%, and the NDX/NAZ gained 2.95%. Economic reports for the week were slightly positive. On the downtick: the ADP, monthly payrolls, unemployment, factory orders, plus the trade deficit increased. On the uptick: construction spending, ISM manufacturing, auto sales, the WLEI, the Q4 GDP estimate, plus weekly jobless claims declined. Next week’s reports will be highlighted by retail sales, business/wholesale inventories and consumer credit.
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Saturday, January 07, 2017
DOW Breaths FIRE on Dow 20k, Stock Market New All Time Trading High 19,999.63 / Stock-Markets / Stock Market 2017
The Dow after a 2 week holiday break on Friday finally re-attempted to break above the stocks bull market mega-milestone of 20,000, by literally breathing fire on 20k for the whole of the trading session, trading to a high of 19,999.63 early in the session, retreating to close at 19,963. The Dow literally cannot get much closer than reaching 20k than 19,999.63 without actually touching it! A remarkable trading session taking the Dow within a cats whisker of achieving 20k.
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Friday, January 06, 2017
Stock markets – the similarities between investment, and online gambling / Stock-Markets / Stock Market 2017
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Thursday, January 05, 2017
How Fibonacci Ratios Govern the Stock Market / Stock-Markets / Stock Market 2017
Scientists speculate that Elliott waves are the stock market's "critical structure"
[Editor's Note: The text version of the story is below.]
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Tuesday, January 03, 2017
Stock Market Retracement Appears Complete / Stock-Markets / Stock Market 2017
The decline/retracement pattern is clearer now. Wave 1 bottomed at 2241.77. The additional decline was an extended Wave [b]. The five Waves necessary to complete [c] appear to be finished, although the Model suggests the SPX may linger in a small bounce for another hour. A decline beneath the mid-Cycle support at 2254.65 may be another short entry/sell signal.
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Tuesday, January 03, 2017
Stock Market Correction Underway / Stock-Markets / Stock Market 2017
Current Position of the Market
SPX Long-term trend: If the market strength persists, the long-term trend may need to be re-evaluated.
SPX Intermediate trend: SPX intermediate P&F count to 2270 has now been met, but there are higher counts that could still be filled before a serious reversal take 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.
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Sunday, January 01, 2017
The Stock Market Has Topped. Next Up the US Dollar Driven Bloodbath / Stock-Markets / Stock Market 2017
The momentum driven post election rally has ended. Next up is the US Dollar driven collapse in the markets.
Copper called this weeks ago as we noted before. No one listed. It’s now down nearly 10% from its peak and clinging to support for dear life.
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Saturday, December 31, 2016
Gold and the SPX Stocks Bull Market / Commodities / Stock Market 2017
The market started the week at SPX 2264. On Tuesday the market rallied to SPX 2274 in the opening minutes and then started to pullback. The pullback lasted all week, with one 9 point rally along the way, and hit SPX 2234 on Friday before bouncing to end the week at 2239. For the week the SPX/DOW lost 1.0%, and the NDX/NAZ lost 1.5%. Economic reports for the week were slightly positive. On the downtick: pending home sales, the Chicago PMI, plus the trade deficit increased. On the uptick: Case-Shiller, consumer confidence, the WLEI, plus weekly jobless claims decreased. Next week economic highlights: monthly payrolls, FOMC minutes and the ISMs. Happy New Year!
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Thursday, December 22, 2016
Dow 20k Mission Accomplished, Stocks Bull Market Delights Could Have Violent Bear Market Ends / Stock-Markets / Stock Market 2017
Today (21st December) the Dow again traded within a whisker of the mega stocks bull market milestone of 20,000 by hitting a high of 19,987 before retreating to close at 19,942, up 15% on the year and 9% since Trumps election win, and I just cannot wait any longer for those extra 13 points to materialise before publishing this analysis.
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Thursday, December 08, 2016
Stock Market Top Close, 2017 Projection / Stock-Markets / Stock Market 2017
Today’s rally (yesterday we called for new highs shortly) has put the S&P 500 right up against a rising tops line. We are also in the area of the 17 week cycle top. A 14%+ drop looks likely into February/March. A strong 19%+ rally into late July and then a huge drop into the fall (-31%+), projects a down, up, down market for the year finishing Primary Wave 4.
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