Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
US Coronavirus Trend Trajectory Forecast Current State - 7th Apr 20
Boris Johnson Fighting for his Life In Intensive Care - UK Coronavirus Crisis - 7th Apr 20
Precious Metals Are About To Reset Like In 2008 – Gold Bugs, Buckle Up! - 7th Apr 20
Crude Oil's 2020 Crash: See What Helped (Some) Traders Pivot Just in Time - 7th Apr 20
Was the Fed Just Nationalized? - 7th Apr 20
Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset” - 7th Apr 20
US Coronavirus Blacktop Politics - 7th Apr 20
Coronavirus is America's "Pearl Harbour" Moment, There Will be a Reckoning With China - 6th Apr 20
Coronavirus Crisis Exposes Consequences of Fed Policy: Americans Have No Savings - 6th Apr 20
The Stock Market Is Not a Magic Money Machine - 6th Apr 20
Gold Stocks Crash, V-Bounce! - 6th Apr 20
How Can Writing Business Essay Help You In Business Analytics Skills - 6th Apr 20
PAYPAL WARNING - Your Stimulus Funds Are at Risk of Being Frozen for 6 Months! - 5th Apr 20
Stocks Hanging By the Fingernails? - 5th Apr 20
US Federal Budget Deficits: To $30 Trillion and Beyond - 5th Apr 20
The Lucrative Profitability Of A Move To Negative Interest Rates - Pandemic Edition - 5th Apr 20
Visa Denials: How to avoid it and what to do if your Visa is denied? - 5th Apr 20 - Uday Tank
WARNING PAYPAL Making a Grab for US $1200 Stimulus Payments - 4th Apr 20
US COVID-19 Death Toll Higher Than China’s Now. Will Gold Rally? - 4th Apr 20
Concerned That Asia Could Blow A Hole In Future Economic Recovery - 4th Apr 20
Bracing for Europe’s Coronavirus Contractionand Debt Crisis - 4th Apr 20
Stocks: When Grass Looks Greener on the Other Side of the ... Pond - 3rd Apr 20
How the C-Factor Could Decimate 2020 Global Gold and Silver Production - 3rd Apr 20
US Between Scylla and Charybdis Covid-19 - 3rd Apr 20
Covid19 What's Your Risk of Death Analysis by Age, Gender, Comorbidities and BMI - 3rd Apr 20
US Coronavirus Infections & Deaths Trend Trajectory - How Bad Will it Get? - 2nd Apr 20
Silver Looks Bearish Short to Medium Term - 2nd Apr 20
Mickey Fulp: 'Never Let a Good Crisis Go to Waste' - 2nd Apr 20
Stock Market Selloff Structure Explained – Fibonacci On Deck - 2nd Apr 20
COVID-19 FINANCIAL LOCKDOWN: Can PAYPAL Be Trusted to Handle US $1200 Stimulus Payments? - 2nd Apr 20
Day in the Life of Coronavirus LOCKDOWN - Sheffield, UK - 2nd Apr 20
UK Coronavirus Infections and Deaths Trend Trajectory - Deviation Against Forecast - 1st Apr 20
Huge Unemployment Is Coming. Will It Push Gold Prices Up? - 1st Apr 20
Gold Powerful 2008 Lessons That Apply Today - 1st Apr 20
US Coronavirus Infections and Deaths Projections Trend Forecast - Video - 1st Apr 20
From Global Virus Acceleration to Global Debt Explosion - 1st Apr 20
UK Supermarkets Coronavirus Panic Buying Before Lock Down - Tesco Empty Shelves - 1st Apr 20
Gold From a Failed Breakout to a Failed Breakdown - 1st Apr 20
P FOR PANDEMIC - 1st Apr 20
The Past Stock Market Week Was More Important Than You May Understand - 31st Mar 20
Coronavirus - No, You Do Not Hear the Fat Lady Warming Up - 31st Mar 20
Life, Religions, Business, Globalization & Information Technology In The Post-Corona Pandemics Age - 31st Mar 20
Three Charts Every Stock Market Trader and Investor Must See - 31st Mar 20
Coronavirus Stocks Bear Market Trend Forecast - Video - 31st Mar 20
Coronavirus Dow Stocks Bear Market Into End April 2020 Trend Forecast - 31st Mar 20
Is it better to have a loan or credit card debt when applying for a mortgage? - 31st Mar 20
US and UK Coronavirus Trend Trajectories vs Bear Market and AI Stocks Sector - 30th Mar 20
Are Gold and Silver Mirroring 1999 to 2011 Again? - 30th Mar 20
Stock Market Next Cycle Low 7th April - 30th Mar 20
United States Coronavirus Infections and Deaths Trend Forecasts Into End April 2020 - 29th Mar 20
Some Positives in a Virus Wracked World - 29th Mar 20
Expert Tips to Save on Your Business’s Office Supply Purchases - 29th Mar 20
An Investment in Life - 29th Mar 20
Sheffield Coronavirus Pandemic Infections and Deaths Forecast - 29th Mar 20

Market Oracle FREE Newsletter

Coronavirus-stocks-bear-market-2020-analysis

Weekly Financial Markets Review -The Corrective Rally Continues - The Worst is Not Over !

Stock-Markets / Financial Markets Mar 11, 2007 - 12:08 AM GMT

By: Nadeem_Walayat

Stock-Markets

The week saw the Stock Markets rally, the Dow ended up at 12,276, FTSE 100 index at 6246. The asian stock markets, including China also rallied. In our analysis immediately following China's mini crash, I suggested that the Stock Markets would make a bottom during the week and start to rally towards targets of 12,525 for the Dow Jones and 6300 for the FTSE. Following which another down leg would begin. Stock Markets follow China Lower - What to expect next as China's crash continues in Asia 27th Feb 07.

Back to the week that was -


The plunge in Gold had caught many market participants off guard, so there was a flurry of activity in trying to determine whether the Gold bull was still in tact. The conclusion of which was that the fundamentals for the gold bull market were still intact. The most bearish picture painted for gold - GOLD Elliott Wave Analysis - Is Gold Really Safe? We Think Not , suggested that gold was headed much lower in the immediate term. Of many more bullish gold articles , Gold and Silver Bull Market Set to Continue - Six Reasons Why covered the key reasons of why Gold should continue to rise, despite any short-term weakness.

Speculation of a US slowdown and future Fed Interest rate cuts continued, however this is usually a cue for Gold and other metals to decline in price, in the article - Fed Signaling Future US Interest Rate Cuts - Gold to benefit , analysis suggests that Gold may rise strongly when the Fed starts to cut interest rates, the key reason being that the US dollar would fall sharply, leading to a sharp spike in most commodities as they are priced in US dollars.

The bulk of articles concerning the future direction of the Stock Market, concluded that there was more selling to come and that the current rally was by and large corrective. Stock Market Rallies after last weeks slump - The Worst is Far from Over! , The most bullish article was Stock Market Analysis - A Major Crash...or a Major Bottom?

The most significant factor impacting on the financial markets is the continuing bearish news concerning the US housing market due especially the impact of failures in the subprime mortgage sector of the finance sector (Subprime mortgages hit Banking sector and likely to lead to further Stock Market Falls) . The next wave of the US Housing Market Crash - Apartment REITs suggests a new wave of financial collapses are in the offing, as the housing crash spreads to the apartment REITs sector.

The article "The Quiet Energy Crisis as Mexican Crude Oil production tumbles", highlighted the precarious situation in Mexico's oil production industry, which has seen a fall in production fal by 500k bpd, this is already leading to rising gas prices in the USA, which look set to accelerate in the coming months.

On the Education front, several articles were published both from a technical and from a psychological perspective. The two that stand out the most are - Trading Doctor - When it All Falls Apart - Coping with Losses and The Secret to Successful Trading - Using Rules to Time Your Entry

Make sure to visit the site regularly for the latest analysis on the direction of the stock market this coming week, especially as the next leg of the China Mini-Crash, could just be around the corner.

Profitable investing & trading for the coming week.

By Nadeem Walayat
Editor, The Market Oracle

(c) MarketOracle.co.uk 2007 - All Rights Reserved.


© 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

6 Critical Money Making Rules