Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Friday, April 28, 2017
Stock Market Consolidation Day, Poor Technicals, NDX Reaches New All-Time High / Stock-Markets / Stock Market 2017
The stock market indices had an interesting, very mixed, session today, with the Nasdaq 100 making new all-time highs, closing near 5572, a gain of over 30 points.
The day started out with a gap up on the Nasdaq 100, but not so much on the S&P 500. When they moved higher in the morning, and then pulled back, the S&P 500 made lower lows, but the Nasdaq 100 formed a bull wedge. The Nasdaq 100 broke out midday, along with the S&P 500, which ran up, and in the afternoon, they pulled back, the Nasdaq 100 rallying again to new highs, but the S&P 500 couldn’t even get through the declining topsline. It was a very mixed session, continuing the consolidation on a higher range on the Nasdaq 100, but more of a pullback low on the blue chips.
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Thursday, April 27, 2017
Financial Markets Improvised Explosives / Stock-Markets / Financial Markets 2017
What happens when new currency is created with few limits by central banks and commercial banks?
Answer: Far too much debt and currency are created.
Central Bank Balance Sheets have increased by $10 trillion in the last decade and $1 trillion YTD in 2017.
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Thursday, April 27, 2017
Trump 100, Margin Debt Stock Bubble and Gold / Stock-Markets / Stock Market 2017
– Stocks and the dollar look vulnerable due to Trump’s policies, America’s civil war politics and economic vulnerability
– Stock bubble on margin debt – ‘Powerful time bomb’
– “There is no alternative” to stock bubble? Gold?
– Bank Of America sets a date for the market’s “Great Fall”
– Even uber bull Cramer compares 2000 dotcom bubble bust to today
– Gold to stay elevated on safe haven demand – Economist
– Gold’s tempered climb makes gains more ‘sustainable’
Thursday, April 27, 2017
More Stock Market Short-Term Uncertainty As Stocks Get Close To Record High / 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, April 27, 2017
Stock Market Expected Pullback After Two Big Upside Days / Stock-Markets / Stock Market 2017
The stock market indices churned and were choppy all day, and at the end of the day they sold off after the tax plan was released, but loses were very minor after a couple big days to the upside.
Net on the day, the Dow was down 21.03 at 20,975,09, about 90 points off the high. The S&P 500 was down 1.16 at 2387.45, 11 points off the high. The Nasdaq 100 was down 7.11 at 5541.09, 22 points off the high.
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Wednesday, April 26, 2017
Billionaire Investor Paul Tudor Jones Says Stock Market Valuation Is “Terrifying” And He Is Right / Stock-Markets / Stock Market 2017
We live in a unique time. Never before have the markets gone to such extremes in almost every way imaginable.
Not just the markets either. Nearly everything.
US government debt is just getting ridiculous now. There are really no more words to say how out-of-control and unsustainable it is.
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Wednesday, April 26, 2017
The Next “United Airlines” Scandal May Happen In Financial Markets / Stock-Markets / Financial Markets 2017
BY PATRICK WATSON : United Airlines recently had a rough week, but not as rough as one of its passengers. Dr. David Dao received a concussion, a broken nose, and two broken teeth after airport police forcibly dragged him off the plane he had boarded only a short while earlier.
As you have probably heard by now, the airline needed to get four crew members from Chicago, Illinois to Louisville, Kentucky for a flight the next day and decided to boot four passengers off the plane after nobody volunteered to give up their seat.
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Wednesday, April 26, 2017
The Stock Market Is Overvalued, But It’s Not In A Bubble Yet / Stock-Markets / Stock Market 2017
BY JARED DILLIAN : If you asked the man on the street, he would probably tell you there are five different bubbles going on right now.
There is some truth to that, but also some untruth to that.
The true part is that a lot of things are currently overvalued. I would say stocks are overvalued. Most people would agree. I would also say bonds are overvalued. Some people would agree. I would say corporate credit is overvalued, real estate in certain parts of the country is overvalued, and maybe a few other things.
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Tuesday, April 25, 2017
SPX may be Aiming at the Cycle Top Resistance / Stock-Markets / Stock Market 2017
Yesterday I asked the question, “Will the SPX reverse in hour 86?” We got our answer as SPX rallied through the rest of the day. Interestingly enough, the rally thus far took 90 hours. 90.3 is divisible by 4.3 and also happens to be 12.9 days. This may be a good spot for a reversal.
SPX futures are positive this morning, but The corrective Wave appears to be nearly finished. An additional probe to the 2-hour cycle Top at 2384.51 may do the job.
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Tuesday, April 25, 2017
Exchange-Traded Funds Make Decisions Easy / Stock-Markets / Exchange Traded Funds
Stock Market Forecast Big Picture: The broad stock market is working through a more complex corrective price pattern. My recent forecast, as displayed in the chart below, indicates that the next leg up is toward 2500. The market may be about to start a larger A-B-C correction to test the 2300 level to fully cleanse itself, before starting the next leg up. But overall, the SPX is very bullish long-term.
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Monday, April 24, 2017
Risk on Stock Market French Election Euphoria / Stock-Markets / Stock Market 2017
SPX futures went euphorically higher as the DAX made an all-time high this morning.
Currently the level of the SPX futs are near 2375.00. SPX is in the 84th hour of its Cycle which began at 2378.36. If the current EW reading is correct, it should reverse in the next three hours without overcoming its April 5 high.
Last Thursday, Bloomberg noted, “European Central Bank officials signaled that their liquidity facilities remain available to counter any market tension that may arise in the aftermath of France’s presidential election, the first round of which takes place Sunday.”
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Monday, April 24, 2017
Is the Stock Market Bounce Over? / 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, April 23, 2017
Stock Market Grand Super Cycle Overview While SPX Correction Continues / Stock-Markets / Stock Market 2017
The market started this gap filled week at SPX 2329. A gap up opening Monday took the SPX to 2349. Then after a gap down opening on Tuesday the market found support at SPX 2335. A gap up opening on Wednesday took the SPX to 2353, which was sold off into 2335 again. On Thursday another gap up opening took the market to SPX 2361. Then the market pulled back to SPX 2349 on Friday. For the week the SPX/DOW gained 0.70%, and the NDX/NAZ gained 1.75%. Economic reports for the week were mixed. On the downtick: the NY/Philly FED, the WLEI, the NAHB, housing starts, plus weekly jobless claims rose. On the uptick: building permits, industrial production, capacity utilization, leading indicators and existing home sales. Next week’s reports will be highlighted by Q1 GDP, the Chicago PMI, durable goods and housing. Best to your week!
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Saturday, April 22, 2017
Le Pen, Melenchon French Election Stock, Bond and Euro Markets Crash / Stock-Markets / European Stock Markets
The French people, European Union and financial markets are counting down to a potential seismic history shattering election result event, perhaps bigger than Britains' BrExit, perhaps even a bigger shock than Trump winning the US Election, for a Le Pen / Melenchon extremes of the far right and far left result would mark the starting point for the DEATH of the Euro-zone and soon afterwards the European Union.
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Saturday, April 22, 2017
Why You Are Not An Investor / Stock-Markets / Stock Market 2017
You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That’s when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. And without price discovery no market can function.
You are therefore not an investor. Perhaps you are a cheat, perhaps you are a chump, but you are not an investor. If we continue to use terms like ‘investor’ and ‘markets’ for what we see today, we would need to invent new terms for what these words once meant. Because they surely are not the same thing. Even as there are plenty people who would like you to believe they are, because it serves their purposes.
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Friday, April 21, 2017
Why Stock Market Investors May Soon Be In For A Rude Awakening / Stock-Markets / Stock Market 2017
BY PATRICK WATSON : It seems that a lot of people have missed the distinction between wishful thinking and reality lately—and I fear it’s going to hurt them badly.
After Donald Trump won in November, some Americans didn’t just hope for the best; they thought it was here.
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Friday, April 21, 2017
No Such Thing as a Stock Market Quadruple Top / Stock-Markets / Stock Market 2017
When a resistance zone gets tested multiple times it usually breaks. It shouldn’t be long before the Nasdaq breaks through this resistance. After it does it will pull the rest of the market up with it.
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Friday, April 21, 2017
U.S. Stock Market and Gold, Post Tomahawks and MOAB / Stock-Markets / Stock Market 2017
It happens when inflammatory events (usually political, terror or war related, but also including things like Ebola, Bird Flu and the like) crop up; stocks go down and hysteria starts to build. The mainstream media jump aboard and next thing you know you've got people heading for the exits… right into the next bottom. In the case of the current corrective consolidation, a disappointment in the Trump administration's Healthcare follies rolled right into the war-like events in Syria and Afghanistan. Presto! A much needed correction of the over-bullishness was on.
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Friday, April 21, 2017
Volatile Week for Financial ETFs / Stock-Markets / Exchange Traded Funds
Earnings season is around, and it tends to add some volatility back into the market. Now, major banks and financial firms have already reported their earnings, most beat expectations. However, there were also mixed results with financials. Goldman Sachs Group Inc (NYSE: GS) and Morgan Stanley (NYSE: MS) were some notable earnings that surprised the Street. Consequently, this added some volatility to exchange-traded funds (ETFs), such as the Financial Select Sector SPDR Fund (NYSEARCA: XLF) and Vanguard Financials ETF (NYSEARCA: VFH).Read full article... Read full article...
Thursday, April 20, 2017
Stock Market More Uncertainty As Investors Await Quarterly Earnings Releases / 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