Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Wednesday, August 18, 2010
Stock Market Investing, Sell the West on Strength, Buy the East on Weakness / Stock-Markets / Chinese Stock Market
Double-dip?
I’m not talking about an ice cream cone. I’m talking about economics.
And not the U.S. economy, either, because I unfortunately believe that another recession is signed, sealed, and delivered for us.
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Wednesday, August 18, 2010
U.S. Treasury Bond Market Is Signaling Stock Market Trouble Ahead / Stock-Markets / Stock Markets 2010
My outlook for the economy and the stock market has steadily and significantly deteriorated since March 2010. That’s when monetary indicators started to signal renewed emerging stress in the financial system, and leading economic indicators started heading south.
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Wednesday, August 18, 2010
Stock Market Bulls Fight Back... / Stock-Markets / Stock Markets 2010
Take no action.
Daily Trend Indications:
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Wednesday, August 18, 2010
The Overvalued Part of a Stock Market Cycle / Stock-Markets / Stock Market Valuations
I had just gotten home from arguing with the in-laws about how they were idiots for not buying gold instead of those stupid stocks and mutual funds, and their laughter was still ringing distastefully in my ears when Eric Fry here at The Daily Reckoning put up a chart of the P/E ratio of the S&P500 over the last 30 years since 1981.
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Wednesday, August 18, 2010
Stock Market Indices Stage Strong Morning Rally, but Close Off Highs / Stock-Markets / Stock Markets 2010
The stock market indices staged a very strong rally in the morning when they gapped up strongly, formed bull flags, ran hard mid-morning, flagged again near midday, and then spiked up to the highs for the day near 1860 on the Nasdaq 100 and 1100 on the S&P 500. An afternoon rollover occurred in a 5-wave decline that closed them at the afternoon lows going away.
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Tuesday, August 17, 2010
Slicing the Neckline Head and Shoulders Stock Index Pattern with the Elliott Wave Count / Stock-Markets / Stock Markets 2010
In the August issue of his Elliott Wave Theorist, market forecaster Robert Prechter alerted readers that the U.S. stock market was slicing the neckline of a classic head-and-shoulders pattern in technical analysis, and that this may send the market into critical condition.
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Tuesday, August 17, 2010
Stock Market Turn Up Tuesday, POT Gets Really High / Stock-Markets / Stock Markets 2010
BHP offered to pay $38.4Bn for POT this morning.
Is BHP high or is this market seriously undervalued? Well, for one thing, POT turned them down saying the offer ($130/share - CASH) "substantially undervalues PotashCorp and fails to reflect both the value of our premier position in a strategically vital industry and our unparalleled future growth prospects." CEO Dallas Howe continues: "We believe it is critical for our shareholders to be aware of this aggressive attempt to acquire their company for significantly less than its intrinsic value.
Tuesday, August 17, 2010
The Stock Market Bear is Back / Stock-Markets / Stock Markets 2010
The early market action on Monday, August 16th, triggered a key weekly "Trade Triangle" to the downside. Our weekly "Trade Triangle" turned red, indicating that all trends are negative and now pointing lower.
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Tuesday, August 17, 2010
Better Corporate Earnings Boost European Stock Markets / Stock-Markets / European Stock Markets
The majority of US stocks rose Monday, with the Standard & Poor’s 500 Index ending a four-day slump, as technology companies helped the market overcome an earlier slide. That slide was driven primarily by concern about an economic slowdown. EBay gained 2 percent on speculation its PayPal service will be used by Google’s smartphone while Newmont Mining advanced 2 percent as gold prices jumped to a six-week high and Goldman Sachs reiterated its “overweight” rating on commodities. But Washington Pos and Corinthian Colleges both sank a hefty 8 percent plus on concern they will lose access to federal financial-aid programs.
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Tuesday, August 17, 2010
Stock Market Poor Action Overall Continues... / Stock-Markets / Stock Markets 2010
Five straight gap downs is not something that happens very often. It makes you step back and wonder what it means. Maybe it means nothing bigger picture. Maybe it means something very important. There's one thing, though, that is clear and that's the simple fact that there are now many open gaps that will keep the wallet on the hip for the bulls, and encourage the bears to get more aggressive when gaps are hit from underneath.
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Monday, August 16, 2010
Combining Economic and Stock Index Technical Analysis / Stock-Markets / Stock Markets 2010
Current worries about another global economic slowdown began months ago with news of the euro-zone’s debt crisis, and more recently the austerity measures Europe has adopted to tackle budget deficits. Worries then worsened with reports of China’s slowing growth, and indications of the severity of the slowdown in the U.S.Read full article... Read full article...
Monday, August 16, 2010
Stock Market Mandarin Monday as China Moves into Second Place / Stock-Markets / Stock Markets 2010
China became the World’s 2nd largest economy this weekend. Or rather, Japan became number three because it’s not so much what China did as what Japan did not do, which was (or was not, in this case) grow. Japan’s GDP came in at a pathetic 0.4% annualized pace in Q2, about 1/6 of the 2.3% pace expected and 90% slower than the 4.4% pace of Q1. At least we can’t call Japan a “double dip” – they haven’t been out of a recession since the ’80’s…Read full article... Read full article...
Monday, August 16, 2010
Banking Stocks Index Shows Unusual Oversold Pattern? / Stock-Markets / Banking Stocks
Last Monday, we posted the Banking Index chart and discussed its impending breakout of a triangular pattern.
As you may recall, the implications were for a 10%+ down move if it broke to the downside.
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Monday, August 16, 2010
Stock Market Bears Maintain Control... / Stock-Markets / Stock Markets 2010
Recommendation: Take no action.
Daily Trend Indications:
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Monday, August 16, 2010
Stock Market to Plunge to Below Dow 9000 by November 2010 / Stock-Markets / Stock Markets 2010
My apologies for being so bold in the subject line. But this is one of the most important columns I’ve ever written. Why? Because today I am going to give you a major heads up on the trends I see unfolding over the next few months.
More importantly, I am also going to show you how those short-term trends are going to set the stage for the longer-term trends that you’re going to see unfold over the next few years.
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Monday, August 16, 2010
Merger and Acquisitions Bouys European Stocks / Stock-Markets / Stock Markets 2010
U.S. stocks fell on again on Friday, with the S&P 500 Index dropping a fourth day in a row, as weaker-than- estimated retail sales drove down consumer shares and Intel sank to a six-month low. Nordstrom. declined 7.2% after saying expenses increased in the second quarter, while retailers J.C. Penney Co. and Kohl’s Corp both .retreated at least 3.2%. Intel, the largest maker of computer processors, fell on concern about increased competition although the better than expected Michigan consumer confidence mid afternoon did help the market rebound from the intra day lows. Utilities had the only gain among 10 industry groups in the S&P 500 after Dyneg received a takeover bid.
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Monday, August 16, 2010
Emerging Stock Markets Thrive as U.S. Shares Tumble / Stock-Markets / Stock Markets 2010
Jon D. Markman writes: As the U.S. stock markets struggle in the midst of slowing economic growth, emerging stock markets are thriving as their surging economies provide cover for savvy investors.
Stocks tripped over the past week after a weak jobless claims report and a lukewarm revenue outlook from Cisco Systems Inc. (NASDAQ: CSCO) on Thursday put an exclamation point on worries about a muddled Federal Reserve Bank policy. U.S. markets lost more than 4% in one of their weakest five-day spans of the year, including a 90% Downside Day on Wednesday that featured a rare event: All 30 stocks in the Dow Jones Industrials Average closed lower.
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Monday, August 16, 2010
Stocks Distributing Into Weak Hands, Politicians With the Worst of Intentions / Stock-Markets / Financial Markets 2010
Ancient Rome declined because it had a Senate, now what's going to happen to us with both a House and a Senate? - by Will Rogers, humorist
Housing foreclosures hit new highs last month as the hangover from the housing bubble continues. It is estimated that 32% of all mortgages now have negative equity, meaning the debt on the house exceeds the value of the house. So here’s a question: if you bought a house for US $400,000, you have a mortgage on it for $350,000, and it’s worth US$ 225,000, what is the proper business decision to make? I’m not talking about the moral dilemma here; I am simply looking at it as a business decision.
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Sunday, August 15, 2010
Gold, Crude Oil, SP500 and U.S. Dollar Trading At Key Pivot Points / Stock-Markets / Financial Markets 2010
Last week was exciting as investments rocketed higher or tank… We saw Gold and the US Dollar pop while oil and equities dropped sharply with heavy volume.
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Sunday, August 15, 2010
Stock Market Trending Towards October Low / Stock-Markets / Stock Markets 2010
Current Position of the Market
Very Long-term trend - Down! The very-long-term cycles are down and if they make their lows when expected, the bear market which started in October 2007 should continue until about 2014-2015.
SPX: Intermediate trend.The index made an intermediate top at 1220 and is now in an intermediate downtrend which should come to an end in October 2010.
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