Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Investing in Crypto Currencies With Both Eyes WIDE OPEN! - 25th Oct 21
Is Bitcoin a Better Inflation Hedge Than Gold? - 25th Oct 21
S&P 500 Stirs the Gold Pot - 25th Oct 21
Stock Market Against Bond Market Odds - 25th Oct 21
Inflation Consequences for the Stock Market, FED Balance Sheet - 24th Oct 21
To Be or Not to Be: How the Evergrande Crisis Can Affect Gold Price - 24th Oct 21
During a Market Mania, "no prudent professional is perceived to add value" - 24th Oct 21
Stock Market S&P500 Rallies Above $4400 – May Attempt To Advance To $4750~$4800 - 24th Oct 21
Inflation and the Crazy Crypto Markets - 23rd Oct 21
Easy PC Upgrades with Motherboard Combos - Overclockers UK Unboxing - MB, Memory and Ryzen 5600x CPU - 23rd Oct 21
Gold Mining Stocks Q3 2021 - 23rd Oct 21
Gold calmly continues cobbling its Handle, Miners lay in wait - 23rd Oct 21
US Economy Has Been in an Economic Depression Since 2008 - 22nd Oct 21
Extreme Ratios Point to Gold and Silver Price Readjustments - 22nd Oct 21
Bitcoin $100K or Ethereum $10K—which happens first? - 22nd Oct 21
This Isn’t Sci-Fi: How AI Is About To Disrupt This $11 Trillion Industry - 22nd Oct 21
Ravencoin RVN About to EXPLODE to NEW HIGHS! Last Chance to Buy Before it goes to the MOON! - 21st Oct 21
Stock Market Animal Spirits Returning - 21st Oct 21
Inflation Advances, and So Does Gold — Except That It Doesn’t - 21st Oct 21
Why A.I. Is About To Trigger The Next Great Medical Breakthrough - 21st Oct 21
Gold Price Slowly Going Nowhere - 20th Oct 21
Shocking Numbers Show Government Crowding Out Real Economy - 20th Oct 21
Crude Oil Is in the Fast Lane, But Where Is It Going? - 20th Oct 21
3 Tech Stocks That Could Change The World - 20th Oct 21
Best AI Tech Stocks ETF and Investment Trusts - 19th Oct 21
Gold Mining Stocks: Will Investors Dump the Laggards? - 19th Oct 21
The Most Exciting Medical Breakthrough Of The Decade? - 19th Oct 21
Prices Rising as New Dangers Point to Hard Assets - 19th Oct 21
It’s not just Copper; GYX indicated cyclical the whole time - 19th Oct 21
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Stocks Bull Market or Bear Market Rally, Which is it ?

Stock-Markets / Financial Markets 2009 Aug 08, 2009 - 07:36 PM GMT

By: Anthony_Cherniawski

Stock-Markets

Best Financial Markets Analysis ArticleThe Monthly Jobs Report did it again!

Sy Harding reports, “As I have been pointing out for many years, the Labor Department’s monthly jobs report has the record for coming in with a surprise in one direction or the other more often than any other economic report, and therefore produces more immediate triple-digit moves by the Dow in one direction or the other in reaction.


It happened again on Friday. Wall Street, and therefore the media, jumped on Friday’s surprise report that only 247,000 more jobs were lost in July, which was better than Wednesday’s ADP report of a loss of 371,000, and better than economists’ forecasts that 275,000 jobs would be lost.”  Read the full article here.

The NASDAQ 100 ... Has it Been in a Bull Market Rally, or in a Bear Market Rally?

Marty Chenard comments, “Many investors believe the current NASDAQ 100 run-up has been a Bull market rally. Others think it has been a Bear market rally. What's the answer?

The answer is pretty easy to decipher if you simply look at a 10 year chart of the NASDAQ 100 ...”

After looking at Marty’s charts, you will want to stay tuned next week!

The VIX may have completed its reversal pattern. 

VIX.png--After today’s Employment Situation Report, The equities markets turned giddy with joy because the report was LESS BAD than expected.   From an Elliott Wave perspective, the decline in the VIX was a wave c of an a-b-c correction.  Even though it is below critical support at 35.34, the reversal pattern now appears complete.  A rally above 26 should break out of the wedge.

 

 

 

 

 

 

The SPX may have reached its apex...

SPX.png--The SPX rallied to the 38.2% retracement of its entire decline from October 2007 to March 2009.  It is a rally that rivals the “recovery” from the Crash of 1929.  It also has taken exactly the same number of days so far  – 154. 

The indexes are in the window now for a Trading Cycle (average 56 days) bottom.  In addition, the Primary Cycle (average 86 days) is also due in the next two weeks.  The broadening top is now due for a very swift retracement of its month-long rally.   A decline below critical support at 1003 will be sufficient…

.

 

 

 

 The NDX shows even more weakness.

NDX.png--The NDX could not rally to a new high after it reached 1633 on Tuesday.  Since then it may have completed a reversal pattern and appears ready to resume its decline.    A drop below critical support at 1615 should set things in motion.    

 

 

 

 

 

 

 

GLD has made a Fibonacci retracement.

GLD.png-- GLD has crossed below critical support today at 94.35 and appears to be ready to decline even more next week.  One very probable target may be the bottom of the expanding triangle, which is approaching 85.  So I have changed to a sell signal as of Friday.  It appears that GLD is being influenced by the same powers governing the equities market.

 

 

 

 

 

 

 

The Oil Bubble got a reprieve.

USO.png--USO crossed below critical support today.  There also appears to be a triangle formation that is expanding in the same manner as GLD.  The pattern now calls for a decline at least to the bottom of the expanding triangle if not much deeper.  It has crossed below critical support at 37.96 and is on a sell signal.

 

 

 

 

 

 

 

TLT is in a strong pullback.

TLT.png-- Treasuries are in retreat as the pending Treasury bond and note sale for the third quarter looms ahead.   Next week’s auction includes 3-year notes, 10-year notes and 30-year bonds.   Treasuries are temporarily losing their appeal as a safe haven, with market participants expecting more selling pressure in coming weeks on a brightening economic outlook and rising debt supply.  Critical resistance is at 91.74.  I am looking for a bounce here and am bullish above 89.94.

 

 

 

 

 

The Dollar retests support.

UUP.png--UUP will have completed its reversal pattern once it rises above the wedge formation.  It is above critical support at 23.21, but I have suggested to subscribers that the better part of valor is to wait for a clear break above the wedge.  We are waiting for the breakout…

Have a great weekend and I’ll be back next week.

Regards,

Tony  

Our Investment Advisor Registration is on the Web

We are in the process of updating our website at www.thepracticalinvestor.com to have more information on our services. Log on and click on Advisor Registration to get more details.

If you are a client or wish to become one, please make an appointment to discuss our investment strategies by calling Connie or Tony at (517) 699-1554, ext 10 or 11. Or e-mail us at tpi@thepracticalinvestor.com .

Anthony M. Cherniawski,
President and CIO
http://www.thepracticalinvestor.com

As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals

Disclaimer: The content in this article is written for educational and informational purposes only.  There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

Anthony M. Cherniawski Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in