Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Wednesday, February 01, 2017
Stock Market Long Cold Winter / Stock-Markets / Stock Market 2017
It appears that equity indices have printed their highs for the post-election rally. However, that doesn't necessarily mean that the correction must begin immediately. Cycles and Lindsay analysis point to a final high closer to February 10. The correction has the potential to be fairly painful as the low is not expected until closer to March 21 and springtime. The Lindsay analysis is as follows:
Point E on 3/27/01 of an ascending middle section counts 2,901 days to the low of the multiple cycle on 3/6/09. 2,901 days later is Monday, 2/13/17.
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Tuesday, January 31, 2017
Stock Market 4% Drop Ahead: Down into February 6? / Stock-Markets / Stock Market 2017
The chart below explains why I now believe we drop down into February 6th to the 2202 SPX level. The next few days may be choppy as we form a bear flag around the rising trend line. SoLunar turn days ahead include Jan 31, Feb 2, Feb 4-7 and Feb 10. Mercury squares Uranus on Jan 31, and Jupiter on Feb 2.
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Tuesday, January 31, 2017
Stock Market Major Inflection Point Coming / Stock-Markets / Stock Market 2017
Fund manager John Hussman is always good for dramatic charts. Here’s a recent one:
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Tuesday, January 31, 2017
Stocks Bear Market of 2017 Begins? Shorting the Dow At its Peak! / Stock-Markets / Stock Market 2017
This is a quick heads up for what could prove turn out to be the start of the stocks bear market of 2017. Those who have followed my analysis will know that after having ridden the bull for nearly 8 years, that following the election of Trump and the resulting rally right to the very edge of Dow 20k, that I concluded early December that it was the time to start distributing stocks holdings accumulated during the life time of the of the bull market, specifically seeking to reduce my stocks portfolio holdings by at least 50% as the Trump Reset looked set to soon usher in a bleak period for stock prices for much of 2017.
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Monday, January 30, 2017
Don't Count on the Great Stock Market Rotation 2017 / Stock-Markets / Stock Market 2017
After many false promises and one false start, it is becoming evident that 2017 will be the year the Federal Reserve finally begins down the road towards interest rate normalization. Therefore, it is likely that Ms. Yellen will cause bond yields to rise this year on the short-end of the yield curve. In addition, soaring debt and deficits, along with the lack of central bank bond-buying, should send long-term rates much higher as well.
Wall Street soothsayers, who viewed every Fed rate cut as a buying opportunity for stocks, are now busily assuring investors that the potential dramatic and protracted move higher in bond yields will be bullish for stocks as well.
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Monday, January 30, 2017
Aggressive Stock Market Sell Signals / Stock-Markets / Stock Market 2017
SPX made an 8.68 point gap down this morning and continued its decline to challenge Short-term support and the 2-hoour mid-Cycle support at 2268.22. Those that “took a chance” of that happening by going short last week may breathe a sigh of relief.
SPX has an aggressive sell signal that is not yet verified by the VIX. However, the decline is sharp and steady. Additional confirmation comes beneath the mid-cycle support.
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Monday, January 30, 2017
SPX Futures Down, TNX down, USD up / Stock-Markets / Stock Market 2017
Good Morning!
SPX futures are down beneath the Cycle Top support and Trendline support this morning. SPX is on a countdown for a potential low on Wednesday. An extension of the decline may come, depending on the actions of the FOMC.
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Monday, January 30, 2017
Stock Market Negative Expectations Following Last Week's Rally / 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, January 30, 2017
The Markets Will Collapse As Economic Realities Sink In / Stock-Markets / Financial Crash
Well the final data is in and Janet Yellen’s “hot” economy is a disaster.
The US finished 2016 with GDP growth of 1.6%.
This is flat out embarrassing. And it confirms what we have suspected all along: that the 3Q16 numbers were completely fabricated in an excel spreadsheet for political purposes.
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Monday, January 30, 2017
Stock Market SPX 1810 Low Projection Met / 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 2300 has been reached. A reversal should now occur.
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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Saturday, January 28, 2017
Dow Busts Through 20k Triggering Speculative Short at Stock Market New All Time High / Stock-Markets / Stock Index Trading
The Dow finally sprinted to above Dow 20k for the first time ever after having hugged just below 20k since first reaching the mega stock market milestone early December.
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Saturday, January 28, 2017
More Upside Ahead for S&P 500 After Pivot Off Support / Stock-Markets / Stock Market 2017
In my January 13 Wrap, I included a chart on the Emini S&P 500 (ES) showing a bullish coil formation pointing to a target zone of 2300/10.
On Thursday of this week, the ES reached a new high of 2299.50 before pulling back.
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Saturday, January 28, 2017
SPX Uptrend Extension May be Underway / Stock-Markets / Stock Market 2017
The market started this record week at SPX 2271. After a pullback to SPX 2257 on Monday the market rallied to all-time highs at SPX 2301 by Thursday morning. Then a pullback ended the week at SPX 2295. For the week the SPX/DOW gained 1.15%, and the NDX/NAZ gained 2.0%. On the economic front reports came in even. On the downtick: existing/new home sales, durable goods orders, Q4 GDP, plus weekly jobless claims rose. On the uptick: the FHFA, leading indicators, consumer sentiment, the WLEI, and the final Q4 GDP estimate. Next week is quite a busy one on the economic front, highlighted by the FOMC meeting, monthly payrolls and the PCE. Best to your weekend and week!
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Saturday, January 28, 2017
Stock Market Long Awaited 4% Pullback May Be Close / Stock-Markets / Stock Market 2017
Last time I wrote, I said that a 10-week bottom was close and could come as late January 31. Venus square Saturn (today) has a variance of 2 TD’s, the ten-week low can come as late as January 31 and the 16 TD low can come as late as +4 or 20 TD’s (January 31).
The odds are high in my book for a big down draft on Monday into Tuesday next week. My target is 2205 on the S&P 500 (we’ll see) Tuesday. There are positive astros for a peak on Feb 10 with Mercury sextile Venus. If we drop hard over the next 2 trading days, the pattern would suggest a strong rebound rally to new highs by then, likely somewhere in the 2310’s.
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Saturday, January 28, 2017
SPX Support May be Broken / Stock-Markets / Stock Market 2017
SPX appears to be testing its Orthodox Broadening top trendline at 2293.00. It is trading in a narrower and narrower band that is only two points wide in the past hour. I expect it to break soon. The break would be an aggressive sell signal, not confirmed by the VIX or the Hi-Lo.
The daily Cycle top support, which appears to be broken is at 2293.32.
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Friday, January 27, 2017
4 Investing Legends Predict Change In 2017 / Stock-Markets / Financial Markets 2017
Forecasting the New Year is a curious tradition. Much evidence suggests that no one does it both accurately and consistently, yet everyone keeps trying. Just as no war plan survives contact with the enemy, no investment plan survives contact with February.
But the real value of an annual forecast is strategic. It helps you set priorities, define important issues, and think about what you should anticipate and what you can safely ignore. That’s a good exercise to go through periodically, and January is as good a time as any.
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Friday, January 27, 2017
The Single Biggest Threat to Investing Success… and How to Manage It / Stock-Markets / Investing 2017
Dear Parader,
Have you ever encountered a rotten egg?
Remarkably, as someone who enjoys eggs with breakfast almost every day, I hadn’t.
At least until earlier this week when I came across my first, honest-to-goodness rotten egg. Or, should I say, it came across me—spraying out of the shell in all its rotten glory.
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Friday, January 27, 2017
USD rebound cut short. SPX Flat / Stock-Markets / Stock Market 2017
Good Morning!
The overnight bounce in USD futures was stymied by the Durable Goods hard data that crushed the hopes of a rebound. A Wave [iii] may have begun.
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Friday, January 27, 2017
Stock Market Mixed Session / Stock-Markets / Stock Market 2017
The stock market indices had a mixed session today. The day started off with a pop to the upside to new all-time highs, and then they pulled back down to retest successfully, particularly on the S&P 500 and the Nasdaq 100. By midday they reached their lows and tried to rally in the afternoon, but unfortunately, they were not able to break out, and pulled back into the close.
Net on the day, the Dow was up 32.46 at 20,100.91, 25 points off the all-time high. The S&P 500 was down 1.69 at 2296.68, 23 points off its all-time high. The Nasdaq 100 was up 5.45 at 5156.92, 12 points off its high.
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Thursday, January 26, 2017
When Did The Fed Start Buying Stocks? - Indications Are When 'Taper' Ended! / Stock-Markets / Stock Market 2017
We see the forensic "finger prints" all over the economic and financial data that the Federal Reserve through a proxy likely Citadel Capital (or the Fed's CBOE Volume Options Agreement) has highly likely been buying the US equity market since its QE 3 "TAPER" ended in October 2014. We do know for a fact that the BOJ, SNB, PBOC, Norwegian and other central banks have been doing this as matter of normal monetary policy for some time and that 80% of all these central banks said they plan on buying more stocks this year. Why not the Federal Reserve? To see the forensic economic evidence more clearly, consider the following US indicators:
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