Category: US Stock Markets
The analysis published under this category are as follows.
Wednesday, September 30, 2009
Predicting the Stock Market Crash / Stock-Markets / US Stock Markets
By: Paul_Lamont
Two years ago in The Return of Capital, Not The Return on Capital, we stated: "...as an indicator of a major trend reversal, 'Tens of thousands' of Japanese homemaker-traders are leveraging their bets on a fall in the yen. As global margin calls come in, investors will unwind their positions, and the homemaker-traders will find that they were the last ones to the party. We expect the Yen to appreciate for the long term, causing major pain for these novice investors." The weekly chart below of the Japanese Yen shows just how wrong those homemaker-traders have been.
Tuesday, September 29, 2009
Stock Market Critical Support Holds / Stock-Markets / US Stock Markets
By: Jack_Steiman
I talked about the first important, though not critical, support level on the indexes being the 20-day exponential moving averages. We tested down to those levels late last week but held and closed right near them. The key was to see if we were in a more immediate selling phase or not, which would be known by how the market responded today. It left little doubt about where we are on the journey.
Read full article... Read full article...
Thursday, September 24, 2009
Overbought Stock Market Corrects on Positive Fed Statement / Stock-Markets / US Stock Markets
By: Jack_Steiman
The market has been very overbought for quite some time. Sometimes it gets ridiculous to be blunt. Staying at levels of overbought you just don't see very often. We can see that, not only on the index charts, but on many regular stock charts such as Apple Inc. (AAPL) and Google Inc. (GOOG) to name just a few. Both of those issues printed, on the daily charts, RSI's just under 80 today. That's just silly. These readings can't go on forever.
Wednesday, September 23, 2009
Stock Market Rally, Time to be a Contrarian? / Stock-Markets / US Stock Markets
By: Claus_Vogt
Claus Vogt writes: Many successful investors and speculators, like Warren Buffett and George Soros, are said to be contrarians. But what does this really mean? And is it true?
Let’s have a look at the concept of contrarianism to find out whether it can give us some guidance during these exciting times …
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Tuesday, September 22, 2009
Stock Market "Buy The Dip" Mentality Fully Entrenched / Stock-Markets / US Stock Markets
By: Mike_Shedlock
Anyone following the markets knows there is a huge underlying bid.
Friday, September 18, 2009
Stock Markets Could Soar by Another 50% / Stock-Markets / US Stock Markets
By: Sean_Brodrick
Many smart people say the markets are headed for another big leg down soon. And maybe they’re right. But traders and investors should always examine opposing views. Today, I want to make the case for stocks going MUCH higher from here. That doesn’t mean I’m bullish on the broad economy — far from it. But stocks could rally — perhaps as much as another 50 PERCENT — riding on a rising flood of government money.
Saturday, September 05, 2009
Stock Market Hits Major Resistance, A Time for Caution and Respect / Stock-Markets / US Stock Markets
By: Marty_Chenard
It has been a rally with no significant upside resistance for the S&P 500 ... until now.
In 2007, the market started its journey down in a ride where many investors where afraid to jump off of the moving train. Since March of this year, many have left their fear behind as the S&P moved up once again in a rally with Government and Fed rhetoric singing songs of "the recession is over".
Read full article... Read full article...
Monday, August 31, 2009
New Stock Market Sell Signals for SPX and NDX / Stock-Markets / US Stock Markets
By: Angelo_Campione
Official signal: SELL Signal on SPX __ __ __ __
SELL Signal on NDX __ __ __ __
Tuesday, August 25, 2009
Historical Stocks Bear and Bull Markets Compared / Stock-Markets / US Stock Markets
By: Money_and_Markets
Nilus Mattive writes: It seems as though just about everyone has now completely written off the bear market as “so last quarter.” Isn’t it amazing what a couple months of upticks can do?
Don’t get me wrong. I’m as happy as anyone that this rally has had staying power. It means my favorite dividend stocks are increasing in value!
Read full article... Read full article...
Wednesday, August 12, 2009
Stock Markets at Another Critical Juncture / Stock-Markets / US Stock Markets
By: Guy_Lerner
I use the quotations because the markets are always at another one of those "critical" junctures, and I just laugh to myself as I wonder at how critical can "critical" be. But maybe this juncture is more critical than others because after multiple bubbles and tremendous wealth destruction, analysts are once again pounding the table that the "mother of all bull markets" lies ahead, and investors, who have been burned for 10 years running, are being asked to come to the party. Again!
Read full article... Read full article...
Tuesday, August 11, 2009
U.S. Stock Market Remains Strong / Stock-Markets / US Stock Markets
By: Frederic_Simons
The US Stock bonds has shown remarkable resiliance during the last few days. One could get the feeling that it just does "not want to go down". During the trading days, it has become visible however that the Nasdaq is now somewhat underperforming the S&P. Traditionally, this tends to be a signal that a reversal might be happening soon, as the Nasdaq usually outperforms the S&P during upmoves.
Wednesday, August 05, 2009
Stock Market Investing, The Thrill of a Lifetime? / Stock-Markets / US Stock Markets
By: John_Browne
Anyone looking for thrills these days should forget roller coasters and skydiving. Instead, simply buy a few shares of U.S. stock. The past year has reminded us how truly stomach-churning the financial ride can be. And after a white-knuckled drop in 2008, investors who held on are now enjoying a dizzying ascent. In the past five months alone, the S&P has risen by 22 percent and the NASDAQ by 33 percent. Emerging markets are back almost to their pre-recession levels. Even individual American stocks have performed in a stellar manner. Apple, Cisco and Oracle have all risen by over 200 percent. Ford, an aging relic once given up for dead, has risen by 268 percent!
Read full article... Read full article...
Wednesday, August 05, 2009
Stock Market Signals a Medium-Term Rally / Stock-Markets / US Stock Markets
By: Money_and_Markets
Claus Vogt writes: In last week’s Money and Markets column, I talked about probabilities. And I explained why I expect the current stock market rally to have legs. This market call, however, is valid for just a few quarters …
My long-term outlook hasn’t changed one iota!
Read full article... Read full article...
Wednesday, August 05, 2009
Investment Grade Value Stock Index (IGVSI) Soars 24% / Stock-Markets / US Stock Markets
By: Steve_Selengut
The Investment Grade Value Stock Index is a barometer of a small but elite sector of the stock market. Some Investment Grade Value Stocks are included in all averages and indices, but even the Dow Jones Industrial Average includes several issues that are below Investment Grade and very few boast an A+ S & P rating.
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Tuesday, August 04, 2009
For Stock Markets It Seems the Only Way is UP / Stock-Markets / US Stock Markets
By: PaddyPowerTrader
The markets summer of love with stocks continued unabated yesterday as the S&P topped 1,000 and the Nasdaq pushed through the 2,000 barrier for the first time since October. Yesterday’s fresh catalyst was Ford’s bullish sales report (up 2.4% YOY, their 1st monthly rise since Nov 2000) and a better than expected jump in manufacturing ISM (which was no clunker, see below), while renewed gains in commodities and oil (above $71 barrel) cheered producers.
Monday, August 03, 2009
Stock Market Makes Significant Transition Progress From Bear to Bull Market / Stock-Markets / US Stock Markets
By: Chris_Ciovacco
The transition from a bear market to a bull market is just that; a transition. Transitions take time and are not binary events like turning a light on or off. Transitions in any market can be frustrating and stressful, but if we continue to focus on the most important and telling indicators, the market should get us pointed in the right direction and aligned with the primary trends.
Sunday, August 02, 2009
The Beginning of Mental Confusion for Investors and Traders / Stock-Markets / US Stock Markets
By: Eric_Chevrette
Before we turn to the oncoming mental confusion that should afflict traders and investors rather sooner than later, please let me first quote a few words from “The DJIA stock market index, Chess and the idiotic robots” published on Jul 2, 2009: “……. I do maintain that THE question of the month should certainly remain whether those who were seemingly right going short two weeks ago at point #3 on the DJIA downtrend can “keep their crown” and for how long OR if they would end up sitting there as stoned idiotic robots within some time and how soon. As a matter of fact, how would a “short selling trade” feel and taste if the DJIA would suddenly break out above the higher trend of the channel?”
Thursday, July 30, 2009
Stock Market Manages to Hold Gains After Strong Opening Gap / Stock-Markets / US Stock Markets
By: Harry_Boxer
We had another up-day, and the indices started with a big rally that broke key multiple session consolidation ranges and went to new 3-week & 2009 rally highs.
Read full article... Read full article...
Sunday, July 26, 2009
Don't Short a Dull Stock Market / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: All of the major indices closed at multi month highs last week.
Short Term - The market action that I interpreted as a blow off a week ago continued last week.
Read full article... Read full article...
Wednesday, July 22, 2009
Stock Market Bulls Try To Take It Up A Notch / Stock-Markets / US Stock Markets
By: Chris_Ciovacco
The financial markets have done a good job of forecasting the slow improvements we have seen in the economic numbers in recent weeks. Even though the economy remains weak, we cannot ignore the steady stream of incremental improvements in the economic data. For example leading economic indicators (LEIs) have increased for three consecutive months. In the June report from the Conference Board , seven of the ten LEI components showed positive improvement.
Wednesday, July 22, 2009
Stock Market Bulls Driving Prices Higher / Stock-Markets / US Stock Markets
By: Frederic_Simons
The week is beginning as it ended in equities, with stock prices moving higher and bulls seemingly buying every dip during the day. The short term picture thus remains bullish even if the S&P 500 has been moving higher without looking back from about 865 on 7/13 to almost 950 on 7/21.
Tuesday, July 21, 2009
Stock Market Rally Facing Resistance / Stock-Markets / US Stock Markets
By: Paul_J_Nolte
All that great analysis and divining of last week was toss back in our face as the markets raced higher, putting in their best week since March. The catalyst? Some better than expected economic reports, showing home building activity picking up (do we need more?) and unemployment claims fell (messed up seasonal factors with GM/Chrysler bankruptcies).Read full article... Read full article...
Tuesday, July 21, 2009
Stock Market Strong Start to the Week / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices started the week in strong fashion. Although they were very choppy during the day, they did hold support for most of the session, and then came on again in the last hour, closing at the highs for the day going away, which are also the highs for this entire rally.
Read full article... Read full article...
Tuesday, July 14, 2009
Financial Stocks Lead Turnaround in the Stock Market / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a very strong rally today after a very weak opening and an early sharp drop. They turned around on a dime, with financials leading the way.
Most of that was attributed to a positive outlook by Meredith Whitney, leading bank analyst, who said she was bullish on Goldman Sachs (GS) and thought Bank of America (BAC) was the cheapest bank out there.
Monday, July 13, 2009
Do or Die for Stocks / Stock-Markets / US Stock Markets
By: Paul_J_Nolte
Slowly and step by step, the markets have eliminated the gains since May first. Sell in May and go away indeed! With little in the way of “juicy” economic data, the markets fretted about the rumors of another stimulus bill (another cup of coffee for that morning jolt?) that may be indicative of a still weak economy.
Read full article... Read full article...
Sunday, July 12, 2009
Oversold Stock Market Due a Bounce / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The market is overdue for a bounce.
Short Term - As of Thursday's close the Russell 2000 (R2K or !RUT) had been down for 5 consecutive days for the 1st time since before the early March lows.
Read full article... Read full article...
Saturday, July 11, 2009
Stock Market Indices End Mixed to Close Out Week / Stock-Markets / US Stock Markets
By: Harry_Boxer
The stock market indices had a mixed performance at the close today, but not without some volatility, especially in the morning.Read full article... Read full article...
Friday, July 10, 2009
Stock Market Tight, Choppy Nominal Up-Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a very nominal gaining session today at the end of the day, because of a late sell-off.
The day started out with back and forth choppiness for most of the morning, but it looked like bullish-type consolidations as support held three times in the morning.
Read full article... Read full article...
Wednesday, July 08, 2009
Stock Index Trading Midweek Update / Stock-Markets / US Stock Markets
By: Angelo_Campione
Current Positioning:
SPY: Nil (Cash)
QQQQ: Nil (Cash)
Sunday, July 05, 2009
US GDP and it’s impact on Stock Markets / Stock-Markets / US Stock Markets
By: Prasoon_Gopal
One of the most important contributors to GDP as a whole is consumer spending. Consumer Spending constitutes over 70% of the GDP. (http://www.hoover.org/research/factsonpolicy/facts/4931661.html). Which means, the more you and me consume, the more money revolves in the country and eventually ticks up the GDP.
Tuesday, June 30, 2009
What Happened to the Stock Market New Goldilocks Era? / Stock-Markets / US Stock Markets
By: Sy_Harding
In 1999, when I wrote Riding the Bear – How to Prosper in the Coming Bear Market, I said the market was in a bubble, and that when it burst the subsequent bear market would be one of the worst since that of 1929-32.
Thursday, June 25, 2009
Equity Markets Trade Volatile / Stock-Markets / US Stock Markets
By: BrewerFX
The Fed ended much of the uncertainty in the financial markets yesterday when it announced that its key lending rate would stay between 0 - .25%, and there would be no additional expansion of its balance sheet through the purchases of government assets and mortgages.Read full article... Read full article...
Monday, June 22, 2009
Will Institutional Investors Start Selliing Stocks ??? / Stock-Markets / US Stock Markets
By: Marty_Chenard
We often discuss the NYA Index because that is where the big Institutional Investors do most of their trading due to the volume of their transactions.
Saturday, June 20, 2009
Stock Market Positive Technicals / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: • While the market was down last week, there was no increase in the number of new lows.
Friday, June 19, 2009
Stock Market Headwinds as Inflation Pressures Remain / Stock-Markets / US Stock Markets
By: Guy_Lerner
Whether real or perceived, inflationary pressures are a headwind for equities. Data out this week shows year over year changes in both CPI and PPI at five decade lows. Inflation? What inflation?
Wednesday, June 17, 2009
Stock Market Downside Follow Through Breaks Some Key Support Levels / Stock-Markets / US Stock Markets
By: Harry_Boxer
The stock market indices closed at the lows for the day going away after an early rally attempt failed. It was the second down-day in a row, as the downside follow-through broke some key levels, and the indices had some key rally failures early on near resistance.Read full article... Read full article...
Sunday, June 14, 2009
Stock Market Summer Seasonal Correction About to Kick Into Gear / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The blue chip indices hit multi month highs last week.
Thursday, June 04, 2009
Thursday Stock Market Snap Back Rally Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a real good snapback session after yesterday's losses, moving higher from the get-go, consolidating all morning, and then moving higher mid-day. A subsequent mid-afternoon consolidation held support, and they came back up in the last hour to close near the session highs.
Read full article... Read full article...
Monday, June 01, 2009
Stock Market Rally Looking Tired, Some Technical Indicators Improving / Stock-Markets / US Stock Markets
By: Richard_Shaw
The S&P 500 rally is beginning to look a bit tired. The price action is more sideways than up and the volume is declining. That may just be the pause that refreshes, or it may be the pause before a retracement.
Monday, June 01, 2009
Stock Market Climning a Wall of Worry? / Stock-Markets / US Stock Markets
By: Paul_J_Nolte
In keeping with the theme from last week – how many straws will it take before the markets finally break? Or is the “wall of worry” that the market is climbing higher still? Adding to the continued housing woes and a confident (but not spending) consumer, we should see General Motors declare bankruptcy this week (which will force the Dow to change some members).
Read full article... Read full article...
Saturday, May 16, 2009
Stock Markets Expected to Consolidate After Strong Rally / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: In spite of a pretty rough week for the major indices there were no new lows to speak of on either the NYSE or NASDAQ.
Short Term I have often stated that the secondaries lead both up and down.
Read full article... Read full article...
Sunday, May 10, 2009
Stock Market Rate of Accent is Unsustainable, Something Has to Give / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Friday, most of the major indices closed at their highest levels since the early March low.
Short Term
Read full article... Read full article...
Saturday, May 09, 2009
Agnostic Approach to the Stock Market Rally / Stock-Markets / US Stock Markets
By: Jack_Steiman
This weekend we discuss where we've come from and what the possible road map may look like this weekend. Just an overall review of what's taken place since the March 9th bottom and what we can likely expect in the near term. There are a few potential scenarios and I will discuss them in detail here.
Friday, May 08, 2009
Stock Market Investors Don't Be Fooled by Inflation / Stock-Markets / US Stock Markets
By: Peter_Schiff
Strike up the band, boys, happy days are here again! Recently released short-term economic data, including unemployment claims, non-farm payrolls, home sales, and business spending, which had been so unambiguously horrific in February and March, are now just garden-variety awful. With the Wicked Witch of Depression now apparently crushed under the house of Obamanomics, the Munchkins of Wall Street have sounded the all clear, pushing the Dow Jones up 25% from its lows. But the premature conclusion of their Lollipop Guild economists, that the crash of 2008/2009 is now a fading memory, is just as delusional as their failure to see it coming in the first place.
Wednesday, May 06, 2009
Why Stock Market 2009 is Turning Out to be a Repeat of 1975 / Stock-Markets / US Stock Markets
By: Clif_Droke
The impressive recovery in the S&P 500 index to date has been brought to us courtesy of a massive shift in the market’s internal rate of change. This was characterized by the extreme diminution of stocks making the new 52-week lows list on the NYSE since the early March bottom. Read full article... Read full article...
Monday, May 04, 2009
Stock Market Rally Fatigue, the Sell in May and Go Away Mantra? / Stock-Markets / US Stock Markets
By: Paul_J_Nolte
The mantra, for lack of a better term, is to sell in May and go away. While over the history of actually tracking this simple investing system it has done rather well, it has suffered some recently. Given the huge run in stocks over the past few months, will cash be a better investment than stocks over the next six months? The lass bad economic and earnings data was enough to push stocks up for the seventh of the past eight weeks and gave investors reasons to hope that the economic downturn may actually end later this year.
Read full article... Read full article...
Monday, May 04, 2009
Stacking Up Obama's First 100 Days Stock Market Returns Compared to Past Presidents / Stock-Markets / US Stock Markets
By: Frank_Holmes
With President Obama’s first 100 days coming to an end last week, it’s a good time to measure how the market has responded to his initiatives.
Saturday, April 25, 2009
Stock Market Seen Weakening Next Week / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Friday, the NASDAQ composite (OTC) and S&P mid cap closed at their highest levels since the early March low.
Monday, April 13, 2009
Resilient Stock Market Continues to Act Well / Stock-Markets / US Stock Markets
By: Harry_Boxer
This resilient market continues to act well. Despite losses in the morning, it came on in the afternoon in a strong 3-wave rally, took out the rally highs and were at the session highs with about 15 minutes to go, but rolled over into the close to end mixed on the day.Read full article... Read full article...
Sunday, April 05, 2009
Should DJIA 10,000 Sound Like An Outstretched Odd Number? / Stock-Markets / US Stock Markets
By: Eric_Chevrette
This Monday, April 6, 2009, according to the various EWS methods used in its cross market studies, Elliott Wave Synchronicity, as now featured in The Synchronicity Letter, has found enough converging EWS evidence and guidance for abandoning the medium term short positions previously initiated on August 20, 2008 in its EWS studies about global stock markets (please refer to “Economical critical juncture towards a generational depression” published on Aug. 20, 2008).Read full article... Read full article...
Monday, March 30, 2009
Stock Markets Blue Monday / Stock-Markets / US Stock Markets
By: Harry_Boxer
It was a blue Monday to start off the week, yet another negative Monday in an ongoing bear market after a 2 1/2-week rally. They gave it all back with a sharp gap down at the opening, made lower lows for the next hour or two, but bounced and held 1205, which is key 6-day support on the NDX. The NDX made lower lows but was not confirmed by the SPX, and late in the day they had a snapback, short-covering type rally.Read full article... Read full article...
Monday, March 30, 2009
Short Selling Uptick Rule to Return, But Keep It Simple / Stock-Markets / US Stock Markets
By: Frank_Holmes
It looks like an uptick rule for short selling will soon be back in place, but let's hope it's not the version being sought by the Nasdaq and the New York Stock Exchange.
The two exchanges and others are pushing a proposal that is overloaded with conditions that must be met before a particular stock becomes subject to the rule, and even then the rule's reach would be limited.
Read full article... Read full article...
Saturday, March 28, 2009
Stock Market Rally Should Take a Breather Next Week / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: No new lows (0) were recorded on the NYSE last Thursday.
Short Term - Between the low of March 9 and the high of last Thursday:
Read full article... Read full article...
Sunday, March 22, 2009
Stocks Consolidate in advance of Continuation of Short-term Rally / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: After 2 consecutive down days there has been no build up of new lows.Read full article... Read full article...
Monday, March 16, 2009
Stock Market Afternoon Slide Ends 4 Session Run / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets were rather volatile on Monday. They had three major swings on the NDX and two moves on the SPX, but the bottom line was they moved sharply lower in the afternoon to close near the lows for the day going away in negative territory after being up most of the morning.Read full article... Read full article...
Friday, March 13, 2009
What are the Institutional Stock Market Investors Doing? / Stock-Markets / US Stock Markets
By: Marty_Chenard
You will lose money if you go against the action of what Institutional Investors are doing.
Many of you subscribe to Investors Business Daily and pay particular attention to the "Accumulation/Distribution ratings" they show on listed stocks.
Read full article... Read full article...
Monday, March 09, 2009
Another Negative Monday on Wall Street / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had another down day to start the week. I don't know how many consecutive Mondays we've been down. The day did start with a thrust to the upside and they had a nice sharp rally in the first 40 minutes or so that took the indices to the highs for the day, NDX reaching up to 1087 and change and the SPX getting up to over 695. But that was it for the day, and the indices sold off steadily in a 5-weave decline for the rest of the session in a neat orderly channel that closed near the lows for the day.Read full article... Read full article...
Tuesday, March 03, 2009
Stock Market Disappointing Close / Stock-Markets / US Stock Markets
By: Harry_Boxer
The market was mixed at the close, but the indices certainly disappointed with a late afternoon sell-off, taking the indices from the plus column into the negative column, except for the Nasdaq 100.Read full article... Read full article...
Friday, February 27, 2009
Stock Indices Close Near The Lows for the Week / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a very volatile session, swinging back and forth at least 12 times, failing on several occasions to breakout to the upside, but also holding early morning support lows for most of the day. But, near the end of the day they came down near the session lows and closed in a very negative fashion, particularly on the S&P 500, which closed right at the morning spike lows around 735 and just pennies off the low.Read full article... Read full article...
Thursday, February 26, 2009
Late Session Dive Sends Stocks Indices Lower / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets were quite volatile swinging down and then back up again and getting hit at the end of the day to close mostly lower on the session. The day started out with a gap down, and then we had a 5-wave decline that took us to the lows for the session around an hour after the opening. They bounced back, failed at resistance, and then retested, but that was successful. When that occurred the indices started an afternoon rally that was interrupted mid-way with a sharp set-back, with the set-back holding intraday moving averages.Read full article... Read full article...
Wednesday, February 25, 2009
Dow Lags S&P on Stock Market Turnaround Tuesday / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
Turnaround Tuesday indeed! In all seriousness, if you have followed the market over the last few months, big percentage gains such as we saw today have become the norm. Remember that most huge, rip-your-face-off rallies do in fact occur in bear markets. So the bottom line is, don’t get too excited.Read full article... Read full article...
Saturday, February 21, 2009
Stock Markets Successful Retest of November Lows? / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: We possibly have a successful retest of last November's lows.
Short Term - Most of the broad based indices were down every day last week leaving them over sold and poised for a rally.
Read full article... Read full article...
Friday, February 20, 2009
Nasdaq Leads Stock Markets in Mixed Trading Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had some interesting volatility to end the week on options expiration day. They opened with a sharp gap lower, bounced and then made lower lows by mid-day and new lows for the entire pullback, reaching an extremely oversold condition on a short-term basis. By mid-day they started to turn and triggered a strong rally in early afternoon, which extended to new highs for the session with about an hour an a half to go. They then pulled back down and gave back about 50% of the rally , retested the intraday moving averages, but held and bounced back into the close.Read full article... Read full article...
Friday, February 20, 2009
U.S. Economy 4th Quarter 2009 Recovery, SIVs to the Rescue? / Stock-Markets / US Stock Markets
By: Paul_L_Kasriel
We apologize for the tardiness and brevity of this update. We have been on the peas-and-chicken circuit for the better part of two months, which has consumed much of our time and energy. A lot has transpired since our January update. Congress passed and the president signed a $787 billion fiscal stimulus program. Treasury Secretary Geithner, after paying his back taxes, changed the name of the financial institution rescue program from TARP to FSP (Financial Stability Program). The Obama administration announced a $75 billion program to facilitate the modification of at-risk home mortgages. And the Commerce Department released its first guesstimate of Q4:2008 GDP. Read full article... Read full article...
Thursday, February 19, 2009
Stock Market Early Rally Attempt Fails at Resistance and Sells Off / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had an early rally out of gate but failed at key overhead resistance , and that was about it. They had a 3-wave decline and sharp one until late morning, tried to bounce around mid-day, failed at resistance, and then sold off in a steady, downward choppy fashion into the close.Read full article... Read full article...
Thursday, February 12, 2009
Stock Market Equilibertarianism / Stock-Markets / US Stock Markets
By: Oxbury_Research
The “Let's get Mikey” Market - There used to be a television commercial for Life brand cereal that we enjoyed immensely. It's worth a brief discussion.
The ad featured a trio of brothers sitting around the breakfast table, trying to determine who was going to try a new cereal. Neither of the older brothers had the nerve to give it a go (“I ain't gonna try it; you try it.”). But the youngest, Mikey, could always be convinced. “He'll eat anything!”
Read full article... Read full article...
Wednesday, February 11, 2009
Financials Lead Stocks in Mixed Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The stock market did have some volatility on Wednesday, but the indices ended narrowly mixed. The day started out with a little move up off the opening followed by a sharp turnaround lower. They spiked down and made a new low on the Nasdaq 100, but did not on the S&P 500, which resulted in a snapback rally. But the rally failed at the 2 day declining tops lines, which resulted in a much sharper afternoon slide that took the market to the lows for the day with about an hour and a half to go.Read full article... Read full article...
Wednesday, February 11, 2009
Stock Market Sells Off on Disapointing Banking Sector Bailout Plan / Stock-Markets / US Stock Markets
By: Prieur_du_Plessis
I am spending the next few days in Europe on a short business trip. First stop is Dublin where the temperature is icy, the mood is dour, property prices are plunging, the queues for jobless claims are five hours long, the soon-to-be-unemployed are holding protest strikes, and the banks are on the edge of a financial precipice. Yes, it may be a movie with different actors, but the plot is the same as in many other countries. Read full article... Read full article...
Monday, February 09, 2009
Stock Market Consolidates Ahead of Bailout Plan News / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a consolidation day ahead of tomorrow's release of the details of the bailout plan. The day started out with a move down that held support. They then rallied to new 3 day rally highs, and backed and filled in a downward slope until mid-afternoon when they tested the lows. That was successful, and then they bounced back into the positive side on the S&P 500 and Nasdaq 100 by the end of the day, but drifted lower in the last 20-30 minutes.Read full article... Read full article...
Saturday, February 07, 2009
Stock Market Blows Off Bad Unemployment News / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
The unemployment numbers were the worst in 35 years. Horrible news, right? Clearly, the economy is a shambles, right? What is the market's reaction? Why, a rally ensues, of course.
Conventional wisdom is that bad news will cause a market decline. However, when the market is so beaten down, bad news fails to have the same effect. The stock market is a forward looking animal. It does not live in the now, it focuses on the future. Based on Friday's action, the notion of a bottom forming is more plausible.
Read full article... Read full article...
Saturday, February 07, 2009
Stock Market Ends Week with Solid Gain / Stock-Markets / US Stock Markets
By: Harry_Boxer
It was a very strong session for the indices and a terrific ending to the week, as the indices surged from the get-go, rallied all morning, backed off mid-afternoon, but came on into the close and closed in a very strong manner to end the week with a bang.Read full article... Read full article...
Friday, February 06, 2009
Stock Market Negative Start Gives Way to Positive Up-day / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets actually had a positive up-day, although they started off very negatively.
The day started out with pre-market futures sharply lower. They gapped down and went sharply lower in the first 20-30 minutes and ended the decline at what turned out to be their session lows, holding 1200 support on the Nasdaq 100 and 820 on the S&P 500.
Read full article... Read full article...
Thursday, February 05, 2009
Which Way Will the Stock Market Break, Bull or Bear? / Stock-Markets / US Stock Markets
By: Brian_Bloom
When the Dow Jones Industrial Index broke below the lower rising trendline of the rising wedge as shown in the chart above, it gave a serious signal. (Chart courtesy Bigcharts.com) Read full article... Read full article...
Wednesday, February 04, 2009
Stock Market DJIA Back Above Critical Support Level / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
After being a laggard as of late, the DJIA outperformed both the S&P 500 and NASDAQ. In addition, the DJIA is back above 8000 and support. However, volume was relatively light.Read full article... Read full article...
Tuesday, February 03, 2009
Stock Market Promising Bottoming Formations Develop in Mixed Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices today ended mixed with strength in the Nasdaq. The day started out with a gap down, and quickly reached the lows for the day within a few minutes. They backed and filled and then had a very sharp move after the better than expected ISM data report came out around 10 o'clock. They then got a mid-morning back-off, and then another rally that took them to new highs at key overhead resistance just under 1200 NDX and 830 S&P 500. A sharp pullback took out the earlier pullback lows but held the earlier gap lows intraday, and then the indices had a strong late surge that slightly took out overhead resistance but failed to follow through, and then they backed off into the close.Read full article... Read full article...
Monday, February 02, 2009
S&P500 Holds Up Whilst DJIA Breaks Its Support Up-Trendline / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
The slow grind on the indexes continues. While the S&P 500 and DJIA finished off their lows, losses still occurred. The rally that many expected in January failed to materialize. Unfortunately, there is not even a hint as to when one may occur. Read full article... Read full article...
Sunday, February 01, 2009
Stock Markets Record Worst January Ever! / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Non existent. The S&P 500 (SPX) finished its worst January ever, down 8.57%.
During the 1st year of the Presidential Cycle, since 1928, the SPX has been up 62% of the time, in January during the 1st year of the Presidential Cycle, with an average gain of 1.7%. Out of the 8 times the SPX has been down in January during the 1st year of the Presidential Cycle all but one turned out to be the beginning of a down year.
Read full article... Read full article...
Friday, January 30, 2009
Stock Market Rally Reverses Lower / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a definite down day on Thursday, reversing the rally as they started out with a very negative pre-market, with lower futures. The markets gapped lower, rallied back to the gaps and failed, and then rolled over in stair step fashion for the rest of the day. A mid-afternoon rally also failed at resistance, with the S&P 500 closing very near the lows for the day.Read full article... Read full article...
Thursday, January 29, 2009
Stock Market Punches Through Resistance / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
So much for resistance. Both the S&P 500 and NASDAQ blew through resistance levels, including their respective 50 day moving averages. The DJIA was the laggard, unable to breach overhead resistance and the 50 dma. Read full article... Read full article...
Thursday, January 29, 2009
Underlying Stock Market Trend Conditions / Stock-Markets / US Stock Markets
By: Marty_Chenard
You are looking at the highway and see a car moving swiftly, efficiently, and smoothly down the road. You think in my youngest son's vernacular and say, "Wow, that's a sweet car".
After going two hundred feet down the road, the car backfires, sputters, and stops.
Read full article... Read full article...
Thursday, January 29, 2009
Stock Market Key Overhead Resistance Gives Way in Bullish Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a fantastic bullish session as pre-market futures were sharply higher based on the government news about bank corporations that absorb bad debt. In any case, the indices opened sharply higher, backed and filled for the first 45 minutes or so, and then started a strong advance that lasted all morning into mid-afternoon, reaching as high as 1245 the Nasdaq 100, at that point up nearly 32 points. The S&P 500 spiked up near 878, up 31 points. They did have a sharp setback in the last 1 1/2 hours, but in the last 30 minutes took back most of those losses.Read full article... Read full article...
Wednesday, January 28, 2009
Stock Market Quiet Pre-FOMC Trading Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had what we expected, a non-volatile and somewhat quiet pre-FOMC session, although gains were had at the end. The day started out with a move up. They backed off, held intraday price and moving average support, and went to new session highs, testing yesterday's rally highs on both indices, but fell short, and then backed off mid-afternoon to retest the rising 3-day trendlines, which held again. Then they moved back to once again retest the highs, but they were not able to punch through, as resistance was futile today and they backed off into the close.Read full article... Read full article...
Tuesday, January 27, 2009
Stock Market Narrow Gains to Start the Week / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices ended with a plus day to start the week, which was different than we've seen of late. Today the indices started out strongly and within an hour were at the session highs and secondary key formidable resistance near the 1200-02 zone on the Nasdaq 100 and the 850-55 zone on the S&P 500. They failed to break through, backed off and backed and filled in what looked like orderly and potentially bullish consolidation patterns, in anticipation of a late morning or afternoon rally try, but when that did not materialize, they rolled over rather hard by mid-day. After lunch they clawed their way back to secondary resistance but failed and rolled back into the close and bounced.Read full article... Read full article...
Monday, January 26, 2009
Stock Market Trend During Presidential First Year / Stock-Markets / US Stock Markets
By: Oxbury_Research
A New Era: But Probably Not The One We Hope For - With the inauguration of President Obama, the world feels that genuine change is in the air. All the policy and economic horrors of the previous administration are soon to be washed away. And before we know it, things will be back to "business as usual" and the great American Dream will soar onward and upward to unseen new heights. Read full article... Read full article...
Monday, January 26, 2009
Stock Market Investor Sentiment Remains at Neutral / Stock-Markets / US Stock Markets
By: Guy_Lerner
The "dumb money" sentiment indicator remains neutral on the equity markets, and the "smart money" remains bearish. It should be noted that this is the seventh week in a row where the "dumb money" is neutral, and this is not a scenario that is generally supportive of higher prices especially with prices on the S&P500 under their 40 week moving average. The ideal situation for higher equity prices would be for the "smart money" to be bullish and the "dumb money" bearish (i.e., bull signal). Read full article... Read full article...
Sunday, January 25, 2009
Stock Market Bulls and Bears Lick Their Wounds / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
Once again, a lot of back and forth action occurred on the indexes, but not real movement. After the most recent sell-off, the market has begun to move in an ever-smaller price range. For those on either side of the spectrum, there are plenty of arguments as to why a new bull market is being born, or the bear market will continue. Read full article... Read full article...
Saturday, January 24, 2009
Stock Market Oversold into Seasonally Strong Period / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The market is oversold going into a seasonally strong period.
Short Term - After 3 consecutive down weeks the market is oversold.
Read full article... Read full article...
Friday, January 23, 2009
Stock Market, What's Next? Another Leg Down, or Rally? / Stock-Markets / US Stock Markets
By: Marty_Chenard
Most investors only look at what is happening to the "Broad Market".
For instance, tracking the action of an index such as the S&P or the NASDAQ is an observation of broad-market action because you are looking at the composite action of all the stocks within each index.
Read full article... Read full article...
Thursday, January 22, 2009
Stock Market Still Has A Pulse / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
The market took back a large chunk of what it lost yesterday. However, considering the losses that have stretched over almost two weeks, the market is still under water. On the positive side, both the S&P 500 and the Dow Jones Industrial Average have established a lower low-for the time being. Both are also currently sitting right above support levels. For the S&P 500, support is in the 800 area and resistance is in the 850 area. For the DJIA, support is located in the 8000 area while it faces resistance at around 8280. Read full article... Read full article...
Thursday, January 22, 2009
Stock Market Indices Snapback in Significant Turnaround Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a strong opening, a tough and steep retest that held, and then some mid-day back and forth vacillations, at which point the direction looked in doubt. Two or three mid-day tests of support held, and then they started a very strong rally that started feeding on itself spurred by apparent short covering, and in the last hour in particular spiked up right into the close with sharp gains.Read full article... Read full article...
Tuesday, January 20, 2009
Dow Jones Stock Market Forecast 2009 / Stock-Markets / US Stock Markets
By: Nadeem_Walayat
Looking forward a week is hard enough let alone 12 months, Still, the in-depth analysis of October 2008 -
Stocks Bear Market Long-term Investing Strategy that accurately forecast a 20% corrective rally (that appears to have terminated) and a subsequent stocks bear market low in Mid 2009, with a strategy of scaling into the market at the rate of 10% of funds allocated to stock holdings per each month that the market is within 10% of its lows. The bear market rally following the November lows has been weak, which does not bode well for stocks, as the hope associated with the Obama rally appears to have evaporated.Read full article... Read full article...
Monday, January 19, 2009
Stock Market Inauguration Rally Should Be Handled With Care / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
There has been much talk about an “Obama Rally” taking place in January. Traders should be careful when entering long positions in the short-term, particularly on Tuesday. My contention is not that a rally will NOT happen by the end of the month. Only time will tell. Right now, the market is oversold, so it is very possible that a bounce will occur sometime in the near future. What I am saying is that any rally that begins on Tuesday should be taken with a grain of salt. There are three reasons why I would be reluctant to participate in such a move.
Read full article... Read full article...
Saturday, January 17, 2009
Stock Market Bulls Hold The Line, For Now / Stock-Markets / US Stock Markets
By: Kingsley_Anderson
It looks like the other shoe dropped this week. Just when everyone thought that we may have heard the last of the financial sector's woes, more bad news hit the wires. The question is how many more shoes are left? Read full article... Read full article...
Saturday, January 17, 2009
Obama Will Fail to Lift Stock Markets Next Week / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Money supply is growing at an extreme rate and that should help the equities market.
Short Term There is an indicator developed by Joseph Granville called Net Field Trend (NFT). NFT is the number of issues in an index with a negative field trend subtracted from those in a positive field trend. The field trend is determined by looking at On Balance Volume (OBV) of each issue. OBV is a running total of volume of an issue added to the total on up days and subtracted from the total on down days.
Read full article... Read full article...
Thursday, January 15, 2009
Stock Market Volatile Turnaround Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a volatile session, plunging at the opening and reaching new 6-7 day pullback lows in the morning. They bounced in what looked like bear-flag fashion, and sure enough did roll over, with the S&P 500 taking out the lows, but the NDX did not at that point. That set up a positive divergence, resulting in a very sharp rally that took the NDX from 1143 to 1193, about a 50-point rally inside of the next couple hours. The S&P 500 went from 817 to 851.Read full article... Read full article...
Wednesday, January 14, 2009
Stock Market Indices Plunge and Close Sharply Lower / Stock-Markets / US Stock Markets
By: Harry_Boxer
Quite a negative session today. The indices plunged from the get-go as pre-market futures were sharply lower. They went lower and sharply so all morning, hit the morning lows after about an hour and a half, and then bounced around for several ours in consolidation mode. They did try to break out mid-afternoon and made slightly higher rally highs, but couldn't follow through overhead resistance and rolled over to new 6 day lows on the Nasdaq 100. The S&P 500 tested the lows but didn't confirm the NDX downside move, and they then both bounced into the close.Read full article... Read full article...
Wednesday, January 14, 2009
Insitutional Investors Stock Index Trading Range Breakout Imminent / Stock-Markets / US Stock Markets
By: Marty_Chenard
This Friday, it will be 6 full weeks that the Institutional Index has stayed within its trading range ... will it make it that long?
It was exactly one week ago when we showed you the 60 minute Point & Figure chart for the Institutional "core holdings" index. Last week's chart is posted first, followed by this week's chart.
Read full article... Read full article...
Monday, January 12, 2009
Stock Markets Another Negative Start to the Week / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had another very negative start to the week, much like we've seen over the last few months. The day started out with negative pre market futures, but they weren't too bad. However, The market just opened lower and kept going down.Read full article... Read full article...
Monday, January 12, 2009
Stock Market Index Sector Weightings, the Anatomy of a Bubble / Stock-Markets / US Stock Markets
By: Q1_Publishing
Good Things Come to Those Who “Weight” - There's nothing like a bubble to make the markets really exciting. You can make a lot of money in bubbles…if you get out in time (emphasis on the “if”).
It's not very easy though.
Read full article... Read full article...
Monday, January 12, 2009
US Stock Market Index Open Interest Put / Call Ratio Analysis / Stock-Markets / US Stock Markets
By: Captain_Hook
Well, Santa has come and gone and provided those who bet on a Christmas time rally a nice return, the best ever in fact with respect to the broads. After such an outcome, it's traditional to see a pullback to work-off an overbought condition when the majority of traders return from holidays, so don't be surprised if the broad markets fall early this week. Given continued high and rising US index open interest put / call ratios however, updated here for your review, any weakness in coming days should be temporary, with further squeezing into expiry only two-weeks away now anticipated in knowing speculators have turned increasingly bearish. A review of Figures 1 through 7 in the attached above is the basis of this conclusion.Read full article... Read full article...
Sunday, January 11, 2009
Stock Market Investor Sentiment: Sell Strength (Again!) / Stock-Markets / US Stock Markets
By: Guy_Lerner
The "dumb money" and "smart money" sentiment indicators are neutral on the equity markets. While a neutral reading is not particularly telling regarding market direction, it should be noted that this is the fifth week in a row where the "dumb money" is neutral, and this is not a scenario that is generally supportive of higher prices especially with prices on the S&P500 under their 40 week moving average. The ideal situation for higher equity prices would be for the "smart money" to be bullish and the "dumb money" bearish (i.e., bull signal).Read full article... Read full article...
Sunday, January 11, 2009
Stock Market Selloff Relieves Overbought Pressure / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Although all of the major indices were down substantially last week, new lows hit their lowest levels since November 2006.
Short Term New highs expand in strong markets. Recently we have seen the lowest levels of new highs since late 1987 when there were about half as many issues traded on the NYSE and 20% fewer on the NASDAQ than there are currently.
Read full article... Read full article...
Saturday, January 10, 2009
Stocks Close Near Lows of the Day and Week / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a quite negative finish not only to the session but the week, and they went out with a 4-day downtrend, near the lows for the day, particularly on the Dow and S&P 500. The day started out with a very sharp move lower after the employment report. They bounced around and then edged up slowly in bear-flag fashion for the next 4-5 hours. In the last hour or so when they failed at the declining tops resistance going back 4 days, they rolled over in a 3-wave decline and closed at the lows for the afternoon on the Nasdaq and the lows for the week on the S&P 500 and Dow.Read full article... Read full article...
Friday, January 09, 2009
Rydex Asset Data: Stock Market Leveraged Bulls v. Leveraged Bears / Stock-Markets / US Stock Markets
By: Guy_Lerner
I have presented a lot of data recently suggesting an intermediate term top for equities, and the weakness in prices this past week seems to be consistent with that view. Just as investors begin to embrace the hope that better times are coming, it's "bam" back to reality. This is still a bear market - sell hope, buy fear. Read full article... Read full article...
Wednesday, January 07, 2009
Stock Markets Strong Sell Off Breaks Support Level / Stock-Markets / US Stock Markets
By: Harry_Boxer
The stock market had a strong sell-off today on negative individual company and economic news. The market indices gapped sharply lower as the futures were down sharply before the opening. They then bounced back a couple times to test resistance and failed both times, and in the afternoon as a result of that they rolled over steadily and sharply, reaching new 2-day pullback lows under 1230 on the Nasdaq 100 and under 902 on the S&P 500.Read full article... Read full article...
Wednesday, January 07, 2009
Stock Markets Find Some Reasons To Be Cheerful / Stock-Markets / US Stock Markets
By: PaddyPowerTrader
U.S. equities managed to keep their head above water yesterday despite a profit warning from Bank of America (recall they now own Merrill Lynch and Countrywide) and very soft home sales and factory orders . So why the new found tentative optimism? The bull's case is that stocks are clearly benefiting from: Read full article... Read full article...
Monday, January 05, 2009
Overbought Stock Market Yields to Profit-Taking / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a reasonable consolidation day, but ended lower on the session, due to profit-taking from a very overbought condition. Although at mid-day they did reach new rally highs, a pullback in the last couple hours pulled them back into negative territory.Read full article... Read full article...
Monday, January 05, 2009
Stock Market Clean Breakout Higher / Stock-Markets / US Stock Markets
By: Jack_Steiman
No denying it when it takes place. Breakout and run which is what we saw today. The Market said good bye to 915/8857 and 1607 on the Sp, Dow and Nas respectively. Those 50 day exponential moving averages which were the major road blocks to higher levels were bulled over. The bears can make a good case that there was no volume and when it does come back in on Monday we'll head right back down. that may be the case but there's a few things going on here that argues against it. Read full article... Read full article...
Sunday, January 04, 2009
Overbought Stock Market Expected to Correct Lower / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: By current fashion, a bull or bear market is defined as a major index moving 20% off its low or high. By that definition, we are in a bull market with every major index except the Dow Jones Industrial average (DJIA) more that 20% off its November low. The Dow Jones Industrial Average (DJIA) was 19.6% off its low as of Friday's close, the S&P 500 (SPX) 23.8% off its low, the NASDAQ Composite (OTC) 24%, the Russell 2000 (R2K) 31.3% and leading the way, the Value Line Arithmetic up 39.4%. Read full article... Read full article...
Friday, January 02, 2009
Stock Market What's in Store for 2009? / Stock-Markets / US Stock Markets
By: Marty_Chenard
If you have been listening to CNBC or Bloomberg, you have probably picked up on a "growing expectation" that we will come out of the recession in the 3rd. Quarter of this year. Read full article... Read full article...
Saturday, December 27, 2008
Stock Market Santa Clause Rally Underway Sort-of / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The Santa Clause rally commenced on schedule.
Short Term - Most of the major indices have not been up or down for more than two consecutive days since late November and they were up both Wednesday and Friday of last week. So Monday is likely to be down. 2009 is the 1st year of the Presidential Cycle and the 1st trading day of the 1st year of the Presidential Cycle has been down every year since 1985, however, 1981, the last time the market was up, the 1st trading day of the year fell on a Friday as it does this year.
Read full article... Read full article...
Friday, December 26, 2008
When Can We Expect A Sustainable Stock Market Price Move? / Stock-Markets / US Stock Markets
By: Guy_Lerner
Most market participants seem to focus on picking that elusive bottom. You here it on CNBC all the time and just about everywhere you go after the market has a good pop off its lows: Is this the bottom?Read full article... Read full article...
Monday, December 22, 2008
Stock Market Late Snapback Rally Pares Losses / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had another negative session to start the week. They were down for most of the session and stair-stepped lower until about a half hour to go. Then they staged a very strong snapback rally, taking back half the losses on the S&P 500 and Nasdaq 100, and three-quarters of the losses on the Dow.Read full article... Read full article...
Saturday, December 20, 2008
Stock Market Santa Rally Due to Begin / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: A Santa Clause rally is due to begin Wednesday.
Short Term - Seasonal considerations overwhelm everything else.
Read full article... Read full article...
Thursday, December 18, 2008
Stock Market Consolidation Day Ends Lower in Late Sell-Off / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a consolidation day, but ended on the downside. They were lower in the morning, rallied mid-day, and then backed and filled into the close, but in the last 10 minutes took a quick hit to close near the afternoon lows.Read full article... Read full article...
Thursday, December 18, 2008
Stock Market Santa Rally Lacks Technical Support / Stock-Markets / US Stock Markets
By: Marty_Chenard
An Institutional Investor market perspective, and what our New Lows model is saying about a rally ...
Lot's of excitement yesterday. Investors were optimistic and buying on the Fed's announcement. However, those longer term, Institutional Investors were not quite as ecstatic as the average investor.
Read full article... Read full article...
Thursday, December 18, 2008
Stock Market Consolidation Day Ends Lower in Late Sell-Off / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a consolidation day, but ended on the downside. They were lower in the morning, rallied mid-day, and then backed and filled into the close, but in the last 10 minutes took a quick hit to close near the afternoon lows.
Net on the day the Dow was down just under 100, down 99.80 at 8824 and change. The S&P 500 down 8 3/4 at 904.42, and the Nasdaq 100 was down 17.63 1225.86. The Philadelphia Semiconductor Index (SOXX) gave back just a fraction, 0.35 to 221.16.
Read full article... Read full article...
Wednesday, December 17, 2008
Tuesday's Spectacular Bullish FOMC Session for Stocks / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a spectacular session, starting with a gap up. They ran early, consolidated, and then ran again mid-morning. At that point they went into a narrow trading range ahead of the FOMC announcement. The FOMC elected to drop rates by 3/4 of a percent to a 1/4, and Wall Street liked it. The indices popped sharply, with the NDX in 15 minutes running from about 1210 to 1230. The S&P 500 jumped from about 884 to 899. They then backed and filled for another 25-30 minutes, and then exploded again, taking out the highs and running up sharply. They did get a late pullback, but in the last 10 minutes bounced sharply and closed at the highs for the day on the Dow and S&P 500, with the NDX trailing just a bit.Read full article... Read full article...
Tuesday, December 16, 2008
The Birth of a New Stocks Bull Market? / Stock-Markets / US Stock Markets
By: Clif_Droke
Blood in the streets all over the place - As the bear market ends and a new cyclical bull market begins with the bottoming of the 6-year cycle, we continue see the lagging effects of this year’s seismic volatility on almost a daily basis. For although the stock market price low has almost certainly been made and the 6-year cycle is starting to assert itself on the upside, more and more investors have capitulated to the emotional exhaustion the previous months have subjected them to.Read full article... Read full article...
Monday, December 15, 2008
Stock Markets Start Week on a Down Note / Stock-Markets / US Stock Markets
By: Harry_Boxer
The market started the week off with a down note. They were lower from the get-go and then had a rather sharp sell-off, particularly on the Nasdaq 100 that took it from over 1200 down to the 1170 area. Mid-day they bounced back and forth, tried to stabilize, did roll over and take out the lows, setting new session lows late in the session. But there was no downside follow-through, and they snapped back very sharply, taking the NDX from 1167 to 1192, or 25 points in about a half hour. The S&P 500 went from 858 to about 874 over the same period of time. In the last 15 minutes they backed off again.Read full article... Read full article...
Saturday, December 13, 2008
Stock Market Rally Lacks Follow Through Strength / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: New lows have continued to decline.
Short Term - On October 10 88% of the issues traded on the NYSE hit new lows, the highest percentage, by almost double, ever recorded. The high percentage of issues hitting new lows makes unlikely we will see significant numbers of new highs any time soon.
Read full article... Read full article...
Thursday, December 11, 2008
Stock Market Hit by Afternoon Sell-Off! / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a solid morning and reached the 4-day declining tops lines by late morning, stalled there and consolidated bullishly. But, after 3 or 4 failed attempts at breaking out they rolled over, broke short-term support, and then took out important secondary support and had a very sharp sell-off late in the day. The market bounced around in the last half hour, but for the most part closed near the lows for the day.Read full article... Read full article...
Thursday, December 11, 2008
Stock Market Indices Consolidate as Prelude to Upside Breakout / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had three distinct parts of the session. They were up in the morning, down mid-day and back up late in the session to close with gains for the day. Modest gains, but gains nevertheless. Read full article... Read full article...
Wednesday, December 10, 2008
Stock Market Turnaround Tuesday! / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a turnaround Tuesday. Despite the fact the futures were lower and the markets opened down sharply, they held support and rallied very sharply back, taking the Nasdaq 100 up to 1251 and change, a new multi-week rally high. However, the S&P did not take out yesterday's highs at that point, and when they pulled back and consolidated and then broke support the indices went sharply lower to test yesteday's lows on the Nasdaq 100, took them out on the S&P but couldn’t get the NDX to confirm.Read full article... Read full article...
Wednesday, December 10, 2008
Leadership Stocks Ratio Turning Bullish? / Stock-Markets / US Stock Markets
By: Marty_Chenard
Is the Leadership Stock Ratio on the cusp of going positive?
In the stock market, it can be said that there are two subsets of stocks ... Leadership stocks and Broad Market stocks.
Read full article... Read full article...
Tuesday, December 09, 2008
Stock Markets at Critical Crossroads- Yorba TV Show / Stock-Markets / US Stock Markets
By: Anthony_Cherniawski
Today all the markets are at a crossroads. Either we continue going up or the market sells off in what may be the largest decline yet. So, let’s get busy and explain the choices the market must make.
Read full article... Read full article...
Tuesday, December 09, 2008
Bullish Stock Market Charts for S&P, Nasdaq, BKK and Gold / Stock-Markets / US Stock Markets
By: Mike_Shedlock
Here are some bullish looking charts we are looking at. The first two show Ellliot Wave counts that we have been tracking for some time. For some background theory on Elliott Wave, please see my October 10 post S&P 500 Crash Count . Read full article... Read full article...
Tuesday, December 09, 2008
Stock Market's Spectacular Start to the Week / Stock-Markets / US Stock Markets
By: Harry_Boxer
A spectacular start to the week, as the futures were sharply higher before the opening, and as a result the indices and many stocks gapped up at the opening. The indices had a sharp morning rally which hit its morning high about 75 min after the opening . They then went into a downward sloping multi-hour consolidation . When an afternoon nominal downside break failed to follow through, they turned around and rallied strongly, moving to new session and 3 week highs, with the Nasdaq 100 reaching the 1237 range and the S&P 500 getting up to near 919. A late pullback brought them back sharply, although in the last few minutes they bounced again. Read full article... Read full article...
Saturday, December 06, 2008
Investors Selling Safe Treasury Bonds to Buy Higher Risk Equties / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
Last week we wrote about the Lehman 20+ Year T-Bond ETF (AMEX: TLT) as an
indicator of flight to safety, which we believed was starting to wane. On
Friday the TLTs, which move inversely to yields, violated an important
initial support plateau at 111.45, while equities rallied, the first such
signal that some more money is coming out of the safety of ZERO return,
seeking "a bit more risk."
Read full article... Read full article...
Saturday, December 06, 2008
Stock Market Technicals Point to Santa Rally / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Downside volume has been fading quickly.
Short Term Downside volume and new lows are the best indicators of bottoms.
Read full article... Read full article...
Thursday, December 04, 2008
Stock Market Short Term Support & Trend Lines Broken / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had what appeared to be a constructive morning, as they moved back and forth in a fairly narrow & orderly manner, getting several swings that were unable to break out or down, until the afternoon when they ultimately rolled over hard. Read full article... Read full article...
Wednesday, December 03, 2008
Stock Market Shakes Off Mid-Day Decline to Close Higher / Stock-Markets / US Stock Markets
By: Harry_Boxer
It was another volatile session, very similar to yesterday, except for the late afternoon rally. The indices opened lower, bounced around, and then took off in a very sharp rally that took the NDX from 1105 to 1158, a 53-point rally inside of an hour and a half. The S&P 500 went from about 828 to about 864 in that time frame. Read full article... Read full article...
Wednesday, December 03, 2008
The Important Connection Between Stock Market New Lows and Relative Strength / Stock-Markets / US Stock Markets
By: Marty_Chenard
What can the NYA New Lows vs. the S&P's Relative Strength tell you about the market?
We have discussed the NYA "New Daily Lows" vs. the market many times before. Basically, when New Lows fall to below 50 to 28 per day, the market faces a condition where investors have pretty much stopped the big selling and have decided to hold on to the stocks they are still in.
Read full article... Read full article...
Wednesday, December 03, 2008
Systemic Risks Means this is a Traders Market / Stock-Markets / US Stock Markets
By: Christopher_Quigley
The latest valueline report makes very sombre reading: "The economy is now in a deepening slump, which is now characterized by issues of viability in the troubled auto sector, by the need for a monumental bailout of ailing behemoth Citi-group, and by further reversions on the housing market, where existing home sales resumed their decline in October and prices fell by the most on record. Given this dour backdrop, it is not surprising that we expect the downwardly revised .5% decline in third quarter gross domestic product to be followed by a materially large 3%-5% set back in GDP in the final three months of the year. The news is likely to get worse before it gets better." Read full article... Read full article...
Wednesday, December 03, 2008
Stock Market Indices Get Strong Finish to Finish near Highs in Volatile Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a volatile session, but a got very strong finish, closing at the highs for the day on some of the indices and near them on the others.
The day started out with positive market futures, but they had come way off their early pre-market highs. They opened positive but then sold off immediately to retest yesterday's late lows, but held there. When that happened, they staged a very strong rally in the morning that took the Nasdaq 100 from about 1192 to 1137, about a 45-point rally.
Read full article... Read full article...
Tuesday, December 02, 2008
Inverted Head and Shoulders Bottom Base for GE / Companies / US Stock Markets
By: Mike_Paulenoff
Don't tell anyone, but the 2-week General Electric (GE) pattern resembles an inverted head and shoulders base. If GE hurdles and sustains above both 17.20 and then 17.70 (which represent the neckline of the pattern AND the Sep-Dec resistance line), then we should expect a potent upside continuation towards a minimum target of 20.30/60, and perhaps to 21.90-22.30 thereafter, to fulfill its upside potential.Read full article... Read full article...
Tuesday, December 02, 2008
Major Stock Market Test Underway / Stock-Markets / US Stock Markets
By: Marty_Chenard
... because a formidable 6 month resistance is now being tested ...
Today, we will share the chart of our "Net Daily Difference between the Very Strong to Very Weak" stocks.
Read full article... Read full article...
Tuesday, December 02, 2008
Stock Market Rally Ends With a BANG! / Stock-Markets / US Stock Markets
By: Harry_Boxer
The rally abruptly ended today and with a bang, as the indices opened sharply lower on very negative pre-market futures. They dropped precipitously in the morning, bounced around mid-day to try to consolidate, and even tried a mid-day rally. When that failed they sold them off in earnest, as the indices cascaded in the last hour, the Nasdaq 100 dropping from 1128 to 1093 just in the last hour alone, and the S&P 500 dropping from 850 to 815 over that same period of time and closing not far from there.Read full article... Read full article...
Monday, December 01, 2008
Nasdaq Retraces 50% of Upmove / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
The Q's (NASDAQ: QQQQ) are pressing towards a 50% giveback of the prior 5-session upmove, at 27.25, which is the next significant support plateau beneath the 11/25 pullback low of 27.52. If 27.25 does not contain the selling pressure, then we should expect downside continuation that fills the gap area from 11/24 in the 27.00-26.65 target zone.Read full article... Read full article...
Monday, December 01, 2008
Stocks Bear Market Rally Continues During December / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend -
Down! The very-long-term cycles have taken over earlier than anticipated and if they make their lows when expected, the bear market which started in October 2007 should continue until 2012- 2014.
SPX: Intermediate trend - intermediate low may have been reached in November, but this remains to be confirmed. There is good possibility that January 2009 will bring a new low, or at least a test of the lows.
Read full article... Read full article...
Sunday, November 30, 2008
Stocks Head into Seasonally Second Strongest Month of the Year / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: New lows all but disappeared over the past week.
Short Term In an up trending market the down days give you the best information. We have not had a down day in the past week.
Read full article... Read full article...
Saturday, November 29, 2008
Stock Market Patterns Suggest More Upside / Stock-Markets / US Stock Markets
By: Jack_Steiman
I'll keep things brief tonight as the holiday shortened week didn't do much to change my outlook from Wednesday. What appears to be setting up is the exact opposite of what was happening in the down trend for several months. The 60's would flash amazingly strong positive divergences along with very oversold conditions and the market could barely rally. The 60's are now very overbought with some strong negative divergences out there but it's not mattering. Read full article... Read full article...
Wednesday, November 26, 2008
Dow Jones Three Up Days In A Row! / Stock-Markets / US Stock Markets
By: PaddyPowerTrader
After the helter skelter of the previous two days of headline-grabbing gains, the stocks markets went about their business in a more sedate manner yesterday. They still finished above water , extending their winning streak to three. Equities were buoyed by Hank and Ben's latest trick, direct intervention into the frozen mortgage markets.Read full article... Read full article...
Monday, November 24, 2008
Stock Market Excellent Follow-Through Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
We had an excellent follow-through day to the rally on Friday. The indices gapped up at the opening, did have a quick pullback but held, and then came on very strongly. By late morning we had a pretty sharp pullback for about 20 minutes, but they held intraday moving averages, bounced and then made successively higher lows and higher high all afternoon until they finally spiked up with about 15 minutes to go at the session highs. At that point the Dow was up nearly 550 points, but they pulled back sharply over a 10- minute period, and with about 5 minutes to go, jumped back again.Read full article... Read full article...
Saturday, November 22, 2008
Stock Market Technicals Point to Strong Rally / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: In the 1930's, the last time we saw declines of this magnitude in the same time frame, the rallies that followed took the S&P 500 (SPX) up 20% - 46%.
Short Term As of Thursday's close the SPX was down over 40% in less than 3 months, a rare occurrence. From its August 87 high to its October crash low the SPX was down 33.2%. Late 1937 was the last time the SPX fell more than 40% in 3 months, 71 years ago.
Read full article... Read full article...
Saturday, November 22, 2008
Stock Market Sharp Rebound to End Very Negative Week / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets astounded investors with a late very sharp rally that exploded into the close with a huge gain today. After backing and filling and making new multi-year lows on the Nasdaq 100 and S&P 500, they retested in the afternoon, and when they failed to take out the lows substantially and follow through to the downside, they turned them around with abandon and rallied 600 points in the last hour to close up 494 on the Dow. The S&P 500 rallied from 741 to 801, closing at 800, up 47 1/2. The Nasdaq 100 rallied from 1019 to 1085 and closed right at the high for the day going away, up 49 points. The Philadelphia Semiconductor Index (SOXX) jumped from 167 to 180, closing right there, up 8.90.Read full article... Read full article...
Tuesday, November 18, 2008
Stock Markets Last-Hour Rally Brings Indices into Plus Column / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets surprised late in the session after another nasty session, and ended with a late afternoon last-hour rally that brought all the indices back into positive territory except for the SOXX.Read full article... Read full article...
Tuesday, November 18, 2008
Dow Jones Stock Index Pivots to the Upside / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
The overall pattern in the ProShares Ultralong Dow 30 ETF (AMEX: DDM) carved out off of last Thursday's low at 27.34 indicates that the initial upleg of a powerful recovery rally phase started at 27.34 and ended Friday at 34.23. All of the action since then represents a deep correction of the initial upleg. As long as today's secondary low at 28.50 contains additional, forthcoming weakness, my extreme near-term work is "warning" me to expect a pivot upside reversal that hurdles today's high at 30.81 on the way to a confrontation with the near-term Nov resistance line, now at 32.10. (1:15 pm EST, 29.33).Read full article... Read full article...
Sunday, November 16, 2008
Stock Market Showing Signs of a Tradeable Low / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current Position of the Market
SPX: Long-term trend -
Down! The very-long-term cycles have taken over earlier than anticipated and if they make their lows when expected, the bear market which started in October 2007 should continue until 2012-2014.
SPX: Intermediate trend - There is a target of about 795-800 for the ending of the current phase of the decline. This target should be met next week. However, one cannot say for certain that a reversal will lead to a lasting rally.
Read full article... Read full article...
Saturday, November 15, 2008
Stock Market Strong Bottom Indicators Supporting a Sustained Rally / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The bottom indicators have been moving sharply upward suggesting a high likelihood of a rally lasting at least several weeks.
Short Term - Many indicators are coincident, i.e. they mirror what is happening. Oscillators and momentum indicators can be misleading because of their tendency to revert to 0 or neutral. The recent activity in volume indicators has been confusing.
Read full article... Read full article...
Saturday, November 15, 2008
Where Will the Stock Market Go Next? / Stock-Markets / US Stock Markets
By: Marty_Chenard
This chart is part of a Multi-Indicator Model that we post on our paid website every day. There are actually 5 Indicators on the chart, and we will show two of them this morning.
The chart below compares the market action of the New York Stock Exchange Index to the trend of the Declining Volume on the NYSE, and a C-RSI (Relative Strength) on the NYSE.
Read full article... Read full article...
Friday, November 14, 2008
Stock Markets Plunge Near the Close / Stock-Markets / US Stock Markets
By: Harry_Boxer
We certainly had a topsy-turvy, volatile session today with the indices moving in three distinct waves on Friday. In the morning they gapped lower at the opening and moved down steadily until they reached yesterday's late reaction lows just under 1180 on the Nasdaq 100 and down around the 870 range on the S&P 500. Read full article... Read full article...
Thursday, November 13, 2008
Stock Indices Explode Higher in the Mother of All Rallies! / Stock-Markets / US Stock Markets
By: Harry_Boxer
The mother of all rallies occurred in the afternoon as the indices exploded in very strong 5-wave rally that left them at or very near the highs for the day going away on the close in a major turnaround rally. Read full article... Read full article...
Wednesday, November 12, 2008
Stock Market Downside Follow Through / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had another down day following up on yesterday's losses, but also had a lot of volatility. The day started out with a gap down on negative pre-market futures. A steep slide in the morning stabilized by mid-morning, and for the next 3-4 hours the indices moved in a sideways configuration and then exploded out of it in early afternoon, taking the NDX from about 1211 to 1249. The S&P 500 in that period went from 887 to about 917. A sharp 3-wave decline ensued, followed by a late bounce back into the close. Read full article... Read full article...
Tuesday, November 11, 2008
What are Leadership Stocks Telling Stock Market Investors / Stock-Markets / US Stock Markets
By: Marty_Chenard
The inside story of what Leadership stocks have been telling investors ...
On November 6th., we posted an in depth study and explanation of the Leadership Stock Ratio . See this link for the study and explanation: Leadership stock Ratio explained . This morning, we will look at a little different twist on the Leadership Stock Ratio .
Read full article... Read full article...
Tuesday, November 11, 2008
Stock Market Indices Reverse Opening Up-Gaps / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had what I would call an ugly day today and a nasty way to start the week. They weren't down tremendously, but they ended far from where they started.Read full article... Read full article...
Monday, November 10, 2008
Stock Market Catches a Bottom / Stock-Markets / US Stock Markets
By: Jack_Steiman
The market is not acting as if it's ready to break down. A good catch by the bulls at the very bottom of the current triangles. I mentioned last night that the daily charts were strong and thus it can come as no surprise that we were higher today. It's so easy to say that the past two days spell doom for the markets but those daily's, being as strong as they are, were able to stop the bears from breaking this market down right at the bottom of those back and forth triangles. Read full article... Read full article...
Sunday, November 09, 2008
Obama Victory Flashing a Stock Market Buy Signal / Stock-Markets / US Stock Markets
By: Prieur_du_Plessis
Welcome to Wall Street, Barack Obama. His victory signaled a change in US political direction, but the biggest election day rally ever – a surge of 4.1% in the S&P 500 Index on Tuesday – was quickly overshadowed by the grim realities of the worsening economic and earnings picture, resulting on Wednesday and Thursday in the S&P 500's biggest two-day loss (-10.0%) since 1987.
Mr Obama gave his first press conference as President-elect on Friday afternoon, summarizing a discussion he had had with his economic advisory team. He pledged to confront the US's economic crisis “head on” and said he wanted to see “a rescue plan for the middle class” that would include a new fiscal stimulus package. The week closed on a positive note as a late rush of buying on Friday left the stock market indices higher for the day, although still in the red for the week.
Read full article... Read full article...
Sunday, November 09, 2008
How Wars and Stock Market Rallies are Won / Stock-Markets / US Stock Markets
By: Marty_Chenard
Imagine a war where the battalion leader says, "Charge". The battalion moves forward, but as they do, they turn around and see the leader retreating. What do they do next? First, fear grips them as they know the leader is running from what he perceives as a grave danger. At best, the battalion loses their fervor for winning the charge, or retreats like their leader. Read full article... Read full article...
Sunday, November 09, 2008
Stocks Technicals Point to Sustainable Rally Underway / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The bottom indicators have been moving sharply upward suggesting a high likelihood of a rally lasting at least several weeks.
Short Term - Downside volume has been drying up.
Read full article... Read full article...
Saturday, November 08, 2008
Stock Market Indices Spike Higher in Last Hour For Strong Close / Stock-Markets / US Stock Markets
By: Harry_Boxer
We had a volatile session, but it ended well with the indices not far off the highs for the day. In fact, the S&P 500 closed very near the highs for the day and it ended positively in what appeared to be late pre-weekend short-covering that affected the market in a positive note, and closed strongly particularly in the last 20-30 minutes. Read full article... Read full article...
Saturday, November 08, 2008
Stock Bull Market Being Born? / Stock-Markets / US Stock Markets
By: Zeal_LLC
With the election of a new President, it was an important week for the financial markets. Whether you were part of the 53% of Americans who voted for Obama or the 47% who voted against him, you've got to be thankful this bitter campaign has ended. A peaceful regime change is a great blessing that should not be overlooked.
The very next morning it was back to business as usual for the financial markets. Countless traders collated and analyzed all the information available to them to continue trying to best-position their capital for the future they believe is most probable. And prevailing sentiment was definitely morose. No matter who won on Tuesday, today's serious market and economic problems were going to linger.
Read full article... Read full article...
Thursday, November 06, 2008
Larry Edelson- Dow Stocks Bear Market Ended in October at 7884 / Stock-Markets / US Stock Markets
By: Money_and_Markets
We have a lot of ground to cover today. So forgive me if this issue jumps around a bit. But there's just not enough space in this column for me to cover everything in as much detail as I would like to. Yet there's so much money to be made in the next few months that it's mandatory I get my views out on the following topics, even if I have to be brief: Read full article... Read full article...
Thursday, November 06, 2008
Stock Markets Post Election Plunge / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had an extremely negative post-election reaction, gapping down at the opening, on pre-market futures being sharply lower. They then tried to bounce, much more successfully on the S&P 500 and Dow, with the Nasdaq unable to get through the intraday moving averages, and they rolled over sharply in the morning, bounced in the afternoon, and then rolled over again even more sharply late in the session. They had a late quick bounce, but in the last 10 minutes rolled over sharply once again to close at the lows for the day.Read full article... Read full article...
Wednesday, November 05, 2008
Stock Market Index Breaks Key Short-term Support Level / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
The S&P 500 Depository Receipts (AMEX: SPY) has broken key micro support at 98.30/00, which triggered downside continuation to 97.14 so far. Let's notice, however, that the hourly RSI remains pointed straight down, and that the SPY has been unable to chase its way back towards a test of the 98.00/30 breakdown area. This warns me (for now) that the SPYs have more downside directly ahead, into the 96.00 target zone in the upcoming hours.Read full article... Read full article...
Monday, November 03, 2008
Stock Market Pauses Ahead of Tuesdays Presidential Election / Stock-Markets / US Stock Markets
By: Harry_Boxer
We got basically what we thought we would on Monday -- a quieter session, lower volume, and slightly lower prices. There was a little bit of afternoon volatility, but for the most part the indices opened mixed, worked their way sharply higher initially, and then went into a couple-hour consolidation. It looked like that they maybe would try to break out, but when they failed to break through on two different occasions they then rolled over in the afternoon. Then they retested Friday afternoon's lows and the rising trendlines, bounced sharply, but in the last 10 minutes once again slipped sharply lower and gave back half the late rally, closing negative on the session.Read full article... Read full article...
Saturday, November 01, 2008
Bullish Stock Market Technicals and Seasonal's / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: With a 19.9% advance in the last 4 trading days the Russell 2000 (R2K) is only 0.1% below the popular definition of a bull market.
Short Term - Many of the short term indicators are off the charts, trying to read anything into them is too risky.
Read full article... Read full article...
Thursday, October 30, 2008
Stock Market Sharp Sell-off in Last 10 Minutes / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a very strong session before -- and then after -- the FOMC announcement, when it lowered rates. Initially they dropped,but they rallied back sharply to new rally highs, then literally in the last 10 minutes the indices fell apart. The S&P 500 dropped nearly 50 points in 10 minutes, and the Dow 400 points, and they closed with a thud, down on the day on all the indices except the Nasdaq 100 which managed to salvage a small gain. Read full article... Read full article...
Wednesday, October 29, 2008
Stock Market Conflicting Evidence for a Bottom / Stock-Markets / US Stock Markets
By: Richard_Shaw
The fact is that today's stock markets were extraordinary in their strength. Emerging markets (proxy EEM) up about 20% and the S&P 500 (proxy SPY) up about 11%.
There are important positive facts to consider:
Read full article... Read full article...
Monday, October 27, 2008
Stock Market Late Slide Takes Out Support Levels / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets ended with a nasty session, particularly on a late slide that closed them at the lows for the day going away.
As has been happening over the last few days, the indices gapped lower on negative futures, immediately bounced, retested and when that was successful they backed and filled and then churned higher, reaching the session highs and testing Friday afternoon's rally highs on both the NDX and S&P 500. But when they failed to punch through at mid afternoon, they sold off, bounced late in the afternoon, but couldn't get through intraday resistance, and then rolled over hard, particularly in the last 10 minutes.
Monday, October 27, 2008
How the Fed Creates Bull and Bear Markets / Stock-Markets / US Stock Markets
By: Clif_Droke
I received an e-mail recently that is typical of the pop economic philosophy being heavily touted today in various financial forums. The e-mail contained a petition for the elimination of the Federal Reserves system. The gist of the e-mail was that the credit crisis was caused by the Fed's “loose money policy.” Read full article... Read full article...
Saturday, October 25, 2008
Stock Market Impressive Rallies Fail to Change Bearish Trend / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: With commodity prices falling, our enemies are going broke.
Short Term - Many of the short term indicators are off the charts, trying to read anything into them is too risky. Last week Alan Greenspan admitted to making mistakes.
Read full article... Read full article...
Saturday, October 25, 2008
Stock Market Indices Sharply Off Lows, but the Bleeding Continues / Stock-Markets / US Stock Markets
By: Harry_Boxer
It was another negative session on Wall Street, a nasty way to end the week, but at least they came sharply off the early lows. Pre-market futures were limit down, as worldwide markets were down 8-10%, and the indices opened sharply lower, but immediately reversed and had a 3-wave rally that brought the NDX from 1148 to about 1225 in the first couple hours.Read full article... Read full article...
Thursday, October 23, 2008
Stock Market Indices Late Snap Back Rally / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had a very interesting and volatile session. The day started out with a move down that tested yesterday's late lows and held, then surged back in a 3-wave rally to the highs for the day, but failed at yesterday afternoon's resistance and then sold off steadily and sharply. The Nasdaq 100 dropped from 1264 to 1177, about an 87-point drop over the next several hours, and the S&P 500 fell from nearly 923 to 859, or 64 points in the same period of time, reaching their session lows, with the NDX making new 2008 and multi-year lows at 1177.Read full article... Read full article...
Wednesday, October 22, 2008
Stock Market Nasty Trading Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
A very nasty session, starting off with a sharp move down and then morning consolidation patterns that appeared very much to be bear-flag consolidations, and sure enough by mid-day when they started breaking the patterns the indices went quickly lower. They retested the lows, tried to bounce around that level, but was rather anemic, and in the afternoon they rolled over sharply. With about 15 minutes to go they were sharply lower at the lows for the day, down nearly 700 on the Dow, 78 on the SPX ,but a very sharp late snapback in the last 15-20 minutes, perhaps fueled by short covering, brought the Nasdaq 100 back about 35 points and the S&P 500 about 25 points, before they settled back a bit.Read full article... Read full article...
Tuesday, October 21, 2008
Definitive Stock Market Down-Day on Wall Street / Stock-Markets / US Stock Markets
By: Harry_Boxer
The stock market had a volatile and negative session today. The indices were all over the place, but ended up near the lows for the day going away. The day started out with a big gap down on negative futures,they immediately rallied to come right back up to retest the highs of late Friday, but failed right there, sold off sharply and by mid-day were at the session lows at that point.Read full article... Read full article...
Tuesday, October 21, 2008
Stock Market Bottom Picking Thrill Seekers / Stock-Markets / US Stock Markets
By: Brady_Willett
With the U.S. bailout script now being adopted globally and panic-driven selling abating, a period of calm (albeit perhaps temporarily) has settled over the financial markets. What better time to talk about the next round of stimulus:
“…with the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate.” Bernanke. Economic outlook and financial markets. October 20, 2008
Tuesday, October 21, 2008
Stock Markets Start Week with a Boost / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a terrific start to the week. Although they were up early on they pulled back down quite quickly, with the NDX actually breaking Friday's support lows, but the S&P 500 did not and refused to confirm that early drop. When that occurred they reversed, and then went into a steady 5-wave rally which spiked up into the close, closing at the highs for the day going away.Read full article... Read full article...
Sunday, October 19, 2008
Stock Market Short Lived Rallies Suggest Investors Want Out / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: New lows have fallen off sharply.
Short Term - The preludes to the crash of 87 and the crash of 08 were very different, but the price patterns that followed have, so far, been similar. The percentage of issues hitting new lows in the crash of 87 set a record that held until a week ago. The 5 day average of the absolute value of the percentage change of the S&P 500 (SPX) set a record in 87 that still holds.
Read full article... Read full article...
Friday, October 17, 2008
Stock Market Short-term Trend Indicator / Stock-Markets / US Stock Markets
By: Marty_Chenard
Most investors look at yearly New Highs and don't look at lesser time periods. (The one year New Highs on the New York Stock Exchange has had a paltry 1 stock reading in the past few days.) Read full article... Read full article...
Wednesday, October 15, 2008
Stock Market Pullback Session / Stock-Markets / US Stock Markets
By: Harry_Boxer
The indices had a pullback session yesterday, which would be expected after Monday's sharp rally.Read full article... Read full article...
Sunday, October 12, 2008
Stock Market Imminent Seasonal Lows at Historic Times / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: We are living through great theatre. On October 20, 1987 there were 1174 new lows on the NYSE, about 57% of the 2076 issues that traded that day, a percentage record that held until recently. Last Friday there were 2901 new lows on the NYSE, about 88% of the 3306 issues traded. New lows have been calculated with their present methodology since January 1, 1978. At the 1987 low the S&P 500 (SPX) was 33.2% off its all time high set about 6 weeks earlier. On Friday the SPX was 42.5% off its all time high set about 1 year earlier.Read full article... Read full article...
Thursday, October 09, 2008
Stock Market Indices Unable to Hold Snapback Rally Gains / Stock-Markets / US Stock Markets
By: Harry_Boxer
The markets had an extremely volatile session today with wild and wide swings both ways. The day started out with a move lower and sharply from the get-go as pre-market futures were sharply lower. At that point the Nasdaq 100 dipped under 1300 to 1296, and the S&P 500 got down to just under 971.Read full article... Read full article...
Sunday, October 05, 2008
Stock Markets Oversold Due for a Relief Rally / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: We are probably near a tradable rally.
Short Term - Last Monday the financial system bailout was rejected for lack of pork, that oversight was corrected Friday. News of the bailout failure sent volume ratios on both the NYSE and NASDAQ to extremes not seen since October 19, 1987. Other breadth ratios hit extremes rarely seen.
Read full article... Read full article...
Thursday, October 02, 2008
Stock Market Monthly Trend Analysis- October 2008 / Stock-Markets / US Stock Markets
By: Hans_Wagner
This is a free monthly newsletter on stock market trends to help you to learn to invest. Following the trend is a proven way to beat the market and grow your stock portfolio. Basic technical analysis provides the tools to identify and follow the trends of the market as determined by the S&P 500.
It is best to begin with the big picture in mind and then work our way down to weekly and then daily views of the charts. You will notice that the chart and the value of the indicators change as we move from a monthly to a weekly and then a daily chart. This is a normal part of the technical analysis.
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Tuesday, September 30, 2008
Stock Market New Lows and Institutional Selling Trend Indicators / Stock-Markets / US Stock Markets
By: Marty_Chenard
Many of you remember this past July when I reported about the existing banking risk to your family and yourself. Back then, I noted that Cindy and I had closed all our accounts at Wachovia and went to a sound local bank. We knew we wanted to exit Wachovia and we knew which local bank we wanted because we obtained the VERIBANC REPORTS. Read full article... Read full article...
Sunday, September 28, 2008
Baillout Plan Deal to Ignite Stock Market End Quarter Rally / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: A bottom is near.
Short Term When, speaking of the economy, the President declares "This sucker is going down", short term indicators lose their relevance.
Intermediate Term The high number of new lows a week ago imply a high likelihood of a retest of the September price low.
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Friday, September 26, 2008
Stock Markets In Limbo Awaiting Bailout Decision / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
With about three hours remaining in this crazy week, let's notice this morning's weakness established a secondary low in the e-Mini Dec S&P for this week at 1194.75 compared with Wednesday's low at 1180.25--and compared to the week ago yesterday (9/18) low at 1136.25. Can we call these three lows part of a near base-building effort? Yes, unless 1180.25 is violated, which will weaken the base-building scenario. To trigger initial upside confirmation of a near-term base, the e-SPZ -- a proxy for those trading the S&P 500 Depository Receipts (AMEX: SPY) -- must hurdle and sustain above 1218 and then 1225.00. For the time being, however, the index is in limbo -- along with the US Congress.Read full article... Read full article...
Monday, September 22, 2008
Stock Market Cycle Projections and Turning Points / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current Position of the Market
Long-term trend -
The Dow Jones Industrials may be deviating from their typical decennial pattern in an election year. Important cycles going into the Fall could be the reason for this, but one also has to consider the possibility that the downward pressure from the 120-yr cycle, which is due to make its low in 2012-2014, has begun to take effect and that October 2007 was the top of the bull market. This is not yet confirmed and remains only a possibility.
SPX: Intermediate trend - Last week's action suggests that the intermediate trend correction may have run its course, but a test of the low is quite probable.
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Saturday, September 20, 2008
Stock Markets Extreme Volatility / Stock-Markets / US Stock Markets
By: Mike_Burk
Short Term Over the past week the Dow Jones Industrial Average (DJIA) moved and average of 2.4% a day, the highest level of volatility since the low of October 2002.
The chart below covers the past 6 months showing the DJIA in red and an indicator showing the average daily percentage change of the DJIA over the previous 5 trading days in black. The indicator is calculated by adding the absolute value of the percentage change of the DJIA over the previous 5 trading days and dividing by 5. Dashed vertical lines have been drawn on the 1st trading day of each month.
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Friday, September 19, 2008
Stock Market Cheers Fiscal Insanity / Stock-Markets / US Stock Markets
By: Mike_Shedlock
The biggest stock market rallies occur in bear markets. Today we witnessed one of the biggest bear market rallies in history on Plans To Shore Up Banks . U.S. stocks rallied the most in six years on prospects the government will formulate a "permanent" plan to shore up financial markets, while regulators and pension funds took steps to curb bets against banks and brokerages.
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Tuesday, September 16, 2008
Nasdaq Q's Signaling Technical Bottom / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
In a "normal" market environment, if the Q's exhibited the current technical set-up that shows a glaring positive momentum divergence, the form of a completed downleg from the 8/15 high at 48.57 into the AM's low at 41.41, and a rally (today) that has subdivided into what I interpret as a bullish "recovery form," I would be very enticed to enter a new long position. In fact, our model portfolio is long based on the explained technical set-up. HOWEVER, we all know that this is not a normal market.Read full article... Read full article...
Tuesday, September 16, 2008
Stock Markets Comparison Against the 1930's Depression / Stock-Markets / US Stock Markets
By: Captain_Hook
Analog Comparisons - The term analog is rooted in the word analogy , which for our purposes is being used with reference to an analog signal measuring a variable signal that is continuous (similar) in amplitude and time. In terms of analyzing the financial markets, and how price movements have a tendency to repeat in terms of pattern (amplitude) and time, it is this understanding that was the primary precept in the work of W. D. Gann , which to this day remains THE comprehensive / definitive template to unlocking the mystery of how markets work. The primary understanding then, is that price movements in markets have a tendency to repeat in pattern and time. Read full article... Read full article...
Sunday, September 14, 2008
Stock Markets Close to Making an Intermediate Low / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: We are close to an intermediate term low.
Short Term The market is overbought. The chart below covers the past 3 months showing the S&P 500 (SPX) in red and an indicator showing the percentage of the last 3 days that have been up (%UP) in black. Dashed vertical lines have been drawn on the 1st trading day of each month.
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Friday, September 12, 2008
General Motors (GM) Breaks Out / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
We told our subscribers earlier today with General Motors (NYSE: GM )at 11.75 that the pattern -- a spike low followed by a vertical thrust, followed by a 60% pullback that morphs into a rounded secondary base formation -- usually finds a way to take off to the upside. Wow, did GM rocket after that, above its breakout plateau at 11.85/90 to an intraday high so far at 12.82. The bullish pattern remains intact and continues to point to 13.10/20 and then 14.00/20. Only a close below 11.75 will compromise the still bullish outlook.Read full article... Read full article...
Friday, September 12, 2008
Looking for a Stock Market Bottom? Look to Wall Street / Stock-Markets / US Stock Markets
By: Mike_Stathis
Wall Street created this mess and they continue to mislead everyone who bothers to listen. But it will be Wall Street that signals a bottom if you know what to look for. Watch for massive downgrades and/or extreme pessimism. This is how the game is played. Remember how the Internet bubble played out? Wall Street surely won't tell you when to get out of the market. But they will tell you when to get back in if you know how to read their actions. Read full article... Read full article...
Wednesday, September 10, 2008
Intraday Double-Bottom in SPY Stock Market Index / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
Although the S&P 500 Depository Receipts (AMEX: SPY) pressed lower than I thought was likely, the secondary low at 122.55 preserved this morning's pre-open LEH low at 122.47. The subsequent rally to 123.94 has left behind an intraday double-bottom that has power to revisit key near-term resistance at 124.00, which if hurdled should trigger continuation to 125.25/50 thereafter.Read full article... Read full article...
Wednesday, September 10, 2008
Stock Market Volume and Seasonal Trend Analysis / Stock-Markets / US Stock Markets
By: Clif_Droke
For a good part of the summer, trading volume was exceptionally light on the New York Stock Exchange (NYSE). This was largely influenced by the typical summer vacation season this year. For the better part of July and August, the absence of heavy trading activity coincided with a more or less listless stock market and even a mild interim rally in the S&P 500 and Dow Jones Industrial Average.
Since returning from the summer vacation season, however, institutional traders have taken a good look at the market picture and evidently don't like what they see. This displeasure was manifested in the form of high-volume selling on Thursday, Sept. 4, which saw a upside-to-downside volume ratio on the NYSE of 1:13.
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Monday, September 08, 2008
Bullish Healthy Sign for S&P 500 Stock Market Index / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
A wicked swoon during the second hour of trading in response to a rumor that United Airlines (UAUA) had filed for bankruptcy. That stock plunged from 12 to nearly 3 and took the overall market with it. The S&P 500 Depository Receipts (AMEX: SPY) plunged to 125.49, which represented nearly a 50% pullback (125.32) of the entire upmove from Friday's "Jobless low" at 122.00 to today's "Fannie Mae (FNM) high" at 128.62. Apart from the drama and vicious intraday action, purely from a technical perspective, the SPYs have corrected -- or partially corrected -- the initial upleg off of Friday's high-volume price low at an important support plateau -- and that is a very healthy sign so far.Read full article... Read full article...
Monday, September 08, 2008
Stock Market at Risk of Significant Decline Until the End of October / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current Position of the Market
Long-term trend - The Dow Jones Industrials may be deviating from their typical decennial pattern in an election year. Important cycles going into the Fall could be the reason for this, but one also has to consider the possibility that the downward pressure from the 120-yr cycle, which is due to make its low in 2012-2014, has begun to take effect and that October 2007 was the top of the bull market. This is not yet confirmed and remains only a possibility.
SPX: Intermediate trend - Last week's action suggests that the intermediate trend correction has not yet run its course.
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Saturday, September 06, 2008
Institutional Investors Stock Market Core Holdings Warning of Severe Downtrend / Stock-Markets / US Stock Markets
By: Marty_Chenard
You know the reality ... Institutional Investors have the directional control over the markets because they are responsible for 50% to 70%+ of the stock market's volume on any given day.
Below is a chart showing the "top core holdings index" held by the large Institutional Investors. Take a quick look at it ... what do you see?
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Saturday, September 06, 2008
Stock Markets Expected to Rally from Oversold State / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: We are close to or at an intermediate term low.
Short Term In the past month NASDAQ upside volume has declined from, close to, the high for the year to, close to, the low for the year.
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Friday, September 05, 2008
Stock Market Panics Into September, a Historically Bad Month / Stock-Markets / US Stock Markets
By: Prieur_du_Plessis
Many reports have been published over the past few days about stock market seasonality and, specifically, about September typically being the worst month of the year.
I included the following paragraph in a recent post : “Seasonality indicates that ‘September has firmly secured the rank as the worst month of the year' ( Stock Trader's Almanac ), but that a year-end rally typically starts in late September / early October.”
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Sunday, August 31, 2008
Stock Market Dead Cat Bounce —What to do... / Stock-Markets / US Stock Markets
By: Money_and_Markets
Martin Weiss writes: Don't let last weeks rally in the Dow fool you. There are two crucial reasons why I'm convinced it was nothing more than a dead-cat bounce:
First, it was on extremely light volume. With most of Wall Street traders already on their Labor Day vacations, a handful of traders can easily move the market no matter how dire the underlying fundamentals are.
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Saturday, August 30, 2008
Stock Markets Heading for a Retest of July Lows / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Since the July lows the secondaries have been stronger than the blue chips.
Short Term The market is playing a disappearing act. Volume and new highs are at their lowest levels in years. Identifying strength or weakness under these conditions is challenging.
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Thursday, August 28, 2008
Stock Market Cycles Analysis Suggests Final Low by October / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current Position of the Market
Long-term trend - The Dow Jones Industrials may be deviating from their typical decennial pattern in an election year. Important cycles going into the Fall could be the reason for this, but one also has to consider the possibility that the downward pressure from the 120-yr cycle, which is due to make its low in 2012-2014, has begun to take effect and that October 2007 was the top of the bull market. This is not yet confirmed and remains a low probability.
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Thursday, August 21, 2008
Stock Market Institutional Investment Flows Matrix / Stock-Markets / US Stock Markets
By: Marty_Chenard
There are two things all investors must do in order to understand the market and be proficient at technical analysis.
What are the two things?
1. Understand charting, technical indicators, and how to read them.
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Sunday, August 17, 2008
Stock Market Seasonals 60% Probability of Up Week / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Most of the indicators suggest a continuation of the advance.
Short Term Advance - decline lines (ADL) are a running total of declining issues subtracted from advancing issues. Their behavior can vary widely and change over time. For example an ADL calculated from issues traded on the NASDAQ (OTC ADL) has had a negative bias while an ADL calculated from issues traded on the NYSE (NY ADL) used to have a negative bias, but, over the past 10 years or so the bias has become very positive.
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Thursday, August 14, 2008
Investors Should Pay Attention to Important Stock Market Divergences / Stock-Markets / US Stock Markets
By: Marty_Chenard
Market divergences tell a story of something, or some investor segment acting contrary to the market's movements.
Currently ... the DJI, NASDAQ, S&P, and the Russell are showing an up trending condition.
But, what if Institutions were selling while you were buying ... how would you feel then?
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Sunday, August 10, 2008
Stock Market Counter Trend Rally Heading for Consolidation / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current Position of the MarketLong-term trend - The Dow Jones Industrials may be deviating from their typical decennial pattern in an election year. Important cycles going into the Fall could be the reason for this, but one also has to consider the possibility that the downward pressure from the 120-yr cycle, which is due to make its low in 2012-2014, has begun to take effect and that October 2007 was the top of the bull market. This is not yet confirmed and remains a low probability.
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Sunday, August 10, 2008
Stock Markets Set to Consolidate Rally / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Friday, most of the major indices closed at their highest levels since the mid July lows.
Short Term - Last week all of the major indices were up, but, in a change for he worse, the blue chips were stronger than the secondaries. The Dow Jones Industrial Average(DJIA) was up 3.60%, the S&P 500 (SPX) up 2.86% while the S&P midcap was up 1.61% and the Russell 2000 (R2K) was up 2.53%. On Monday, new lows on both the NYSE and NASDAQ hit their highest levels since the day after the mid July price low. Both the NYSE and NASDAQ new low indicators are moving sharply upward so there should life left in this rally.
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Sunday, August 10, 2008
How the U.S. Government Has Mismanaged the Country / Politics / US Stock Markets
By: Mike_Shedlock
The U.S. Government has brutally mismanaged the country. Sadly neither candidate is willing to take a stand on fiscal prudence. I asked Senator to Obama to take a stand, and to pick someone fiscally prudent as his Vice President in in my Open Letter To Obama .I did receive a response, but only to inform me that he could not use the Senate Email system for such purposes. Instead, he asked me to re-send the Email to his campaign address.
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Saturday, August 09, 2008
The Fast Disappearing U.S. Middle Class / Economics / US Stock Markets
By: Jennifer_Barry
I've been concerned about the state of the U.S. economy for several years, but only recently has mainstream America started waking up to the severity of the crisis. Even the depths of the Dow bear market in 2003 didn't engender this much pessimism. At the time, most people still believed that stocks would go up in the long run, and it was time to scoop up the bargains. Read full article... Read full article...
Friday, August 08, 2008
S&P 500 Stocks Index Probes Critical Resistance / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
Another mini "melt-up" that follows a mini "melt down." After yesterday's late-session plunge, this morning out of the blue (but in coincidence with very weak oil and gold prices) the SPDR Trust (AMEX: SPY) has rocketed across its recent range to once again probe critical resistance between 128.50 and 129.30. If this climb manages to hurdle -- and sustain -- above 129.30, the near-term price structure should "combust" to the upside in a thrust to 132.50 next. Failure to do so, however, will argue for yet another loop to the downside that tests support at 126.50/30.Read full article... Read full article...
Wednesday, August 06, 2008
S&P 500 Stocks Index Consolidating at Top of Upleg / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
For the most part, the SPDR Trust (AMEX: SPY) have held yesterday's gains extremely well, and appear to be consolidating right at the top of the upleg from 124.77 to 128.62, presumably ahead of another thrust that will confront critical July-Aug resistance at 129.10/15. If hurdled and sustained, the SPY should accelerate to confront its key resistance plateau at 130.20, which represents the coordinate of the declining 50 DMA.Read full article... Read full article...
Tuesday, August 05, 2008
The Birth Pains of a New Stocks Bull Market / Stock-Markets / US Stock Markets
By: Clif_Droke
After what has seemed to many investors to be the “longest year”, stocks have been going through a volatile period which some interpret to be bearish. There are still many analysts who are quick to label the current market phase a temporary pause on the way to a bigger stock market cascade. Contrary to these expectations, the market tape is sending a different message as we'll establish in this commentary.
It has been all too easy to dismiss the recent state of affairs in the financial markets as the start of a major bear market and economic depression. The pain that has been inflicted has left deep and abiding wounds that won't soon be forgotten by most investors. Making matters worse, every time a negative news event crosses the wires it adds to the widespread belief that the U.S., and indeed the emerging foreign powers, teeters on the brink of a major financial catastrophe.
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Tuesday, August 05, 2008
Stock Market Liquidity Which Way Will it Break? / Stock-Markets / US Stock Markets
By: Marty_Chenard
Today's charts show the inflows and outflows of liquidity into the stock market. When inflows are trending up and positive (in expansion), the competition for stocks becomes high and prices are bid up causing an upside rally.
The opposite happens when we see liquidity outflows and a trending down pattern. When this is happening with outflows in contraction territory , the balance shifts to a selling competition where investors try to get the best price before expectations of lower movement. This causes a condition that ends up in a market correction.
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Saturday, August 02, 2008
Stock Markets Consolidating Ahead of Another Leg Higher / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The market has been working off its overbought condition about as well as could be hoped for.
Short Term - In 7 trading days following the mid-July lows most of the major indices jumped 5%-6% leaving the market overbought. Since then, it has been working off the overbought condition about as well as could be hoped; new lows declined quickly and the secondaries have been outperforming the blue chips.
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Saturday, August 02, 2008
Investors Duped by CNBC Bubble Pumping Casino Propaganda / Stock-Markets / US Stock Markets
By: Mike_Stathis
While some would consider Cramer a “stock pumper,” others would consider him their savior. I would consider him the “Dr. Phil” of Wall Street because, similar to Phil, he designs shows based on resolving some controversial issue with the intended goal of helping lost souls. At the end of each show both Dr. Phil and Cramer emerge as some sort of superman. In short, both of these shows are more about entertainment than anything else and they create an illusion that many viewers fail to recognize. While this approach isn't really damaging for the Dr. Phil Show, it can be highly damaging for a show based on investments. You can decide that for yourself. Read full article... Read full article...
Tuesday, July 29, 2008
Institutional "Core Holdings" Warning to Bullish Investors / Stock-Markets / US Stock Markets
By: Marty_Chenard
We have spoken at length about the importance of Institutional investors vs. the stock market. The key element of importance was the fact that Institutions control well over 50% of any day's typical volume. So, the market follows the trend of what Institutions are doing with their "core holdings". Read full article... Read full article...
Sunday, July 27, 2008
Dow Jones Stocks Index Major Deviation from Presidential Cycle / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current Position of the Market
Long-term trend - The Dow Jones Industrials may be deviating from their typical decennial pattern in an election year. Important cycles going into the Fall could be the reason for this, but one also has to consider the possibility that the downward pressure from the 120-yr cycle, which is due to make its low in 2012-2014 has begun to take effect and that October 2007 was the top of the bull market. This is not yet confirmed and remains a low probability.
SPX: Intermediate trend - It is possible that the intermediate term correction was completed at 1201. More likely, this is only a counter-trend rally which probably has a little farther to go.
Read full article... Read full article...
Sunday, July 27, 2008
Stock Market Short-term Overbought But Lows Should Hold / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: Since the low, a week ago last Tuesday, new lows have all but disappeared.
Short Term - The market is overbought. A variety of short term indicators hit their highest levels in a while.
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Sunday, July 27, 2008
Have the Stock Markets Reached a Bottom? / Stock-Markets / US Stock Markets
By: Adam_Perl
The financial markets bounced back and forth last week, affected by a wave of economic data and earnings from a few of the largest names in the U.S market. The biggest surprise came out on Friday as the housing sector showed that it still has some fight left in it, with new and existing home sales - beating analyst's estimates. As the housing crisis is one of the major causes of the current economic situation, it is only legitimate to think that if the current housing crisis improves, the economy will regain its strength, heading back on track. Then again, is this a valid conclusion or only wishful thinking? Read full article... Read full article...
Tuesday, July 22, 2008
Bullish Countertrend Rally Developing in Dow Stocks Index / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
My pattern and momentum work on the 4-hour Dow Diamonds (AMEX: DIA) price action off of the July 15 low argues that the upleg from the 108.33 low to the 115.65 high (7/21) represents the initial recovery rally leg, and that the weakness into today's low at 113.80 represents a shallow correction of that initial upleg.Read full article... Read full article...
Monday, July 21, 2008
S&P Fails to Break Inverted Head & Shoulders Neckline Resistance / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
In a bull market environment, the picture of the S&P 500 & its SPY ETF, as viewed by the e-Mini S&P 500 chart, would be very different. Let's notice that today's new recovery high at 1269 looks like it could have been an upside breakout from a base-like pattern that resembles an "inverted head-and-shoulders," doesn't it?Read full article... Read full article...
Saturday, July 19, 2008
Stock Market Bounce Follow Through / Stock-Markets / US Stock Markets
By: Dominick
I took the opportunity last week to offer a big picture review since it was clear we were at an important area in the major stock indices and, even though it avoided the specificity available to paying members, hopefully it kept readers from seeing a trap door early this week and shorting a bottom. This one is offerred as a follow-up on last week's call for a bottom in banks, a top in oil with a rally in stocks. And, of course, the question everyone wants answered now is whether there will be follow-through to this newfound upleg or did Friday's close end a bounce that will begin a march to new lows starting Monday.Read full article... Read full article...
Thursday, July 17, 2008
Stock Market Monthly Analysis and a look at RIM / Stock-Markets / US Stock Markets
By: Christopher_Quigley
The bear market in US stocks which was initially flagged by the Transport Index in July 07, and was confirmed by the Industrials in October 07, is gaining pace as can be clearly seen in the chart below: the industrial index has crashed through the red 200 day moving average (dma) line.
High oil prices, a crashing real estate market, growing banking troubles and falling consumer confidence all indicate that this bear still has more legs. As with all pullbacks, at some stage it is reasonable to expect an oversold bounce, but given the current market sentiment I would not participate in any long strategy until the earnings season is over. Thus I advise waiting until the forth week in July before considering investing on the bull side.
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Monday, July 14, 2008
Stock Markets Oversold and Pointing to Relief Rally / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current Position of the Market
Long-term trend - The Dow Jones Industrials are deviating from their typical decennial pattern in an election year. Important cycles going into the Fall could be the reason for this, but one also has to consider the possibility that the downward pressure from the 120-yr cycle, which is due to make its low in 2012-2014 has begun to take effect and that October 2007 was the top of the bull market. This is not yet confirmed.
SPX: Intermediate trend - The initial phase of the intermediate correction came to an end on 3/17 at 1257. After a tentative uptrend to 1440, the index has now retraced to slightly below its March low with signs of a rally appearing.
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Monday, July 14, 2008
S&P Stock Market Index 400 Point Move! / Stock-Markets / US Stock Markets
By: Dominick
What if that was the headline for this coming week, a four hundred point move in the S&P? Most likely, you'd be loading up on out of the money puts or calls , looking for the market to close at record highs or down around 800. If you haven't noticed, those looking for a sudden, dramatic collapse in stocks have been thwarted by a slow, persistent drip downward occasionally punctuated by vicious snapback rallies.Read full article... Read full article...
Monday, July 14, 2008
Dow Jones Stock Market Forecast to Sept 2008 / Stock-Markets / US Stock Markets
By: Nadeem_Walayat
The Dow Jones has until recently been closely following the roadmap for 2008 posted on 24th March 2008 as part of the Global Stock markets outlook, i.e. both the rally to early May to 13,136 and the subsequent downtrend to 11,700 by the end of June were virtually spot on. The analysis was confirmed in the analysis of 3rd May 08, which concluded that Sell in May and Go Away would be occur this year as transpired during the subsequent decline into the end of June as the below road map chart illustrates from the March article.Read full article... Read full article...
Sunday, July 13, 2008
Big Trend Changes are Coming to the Stock Markets / Stock-Markets / US Stock Markets
By: Robert_McHugh_PhD
We expect several significant changes to occur in markets over the next week or two. We cover those changes in detail in our expanded 56 page newsletter to subscribers at www.technicalindicatorindex.com , and discuss if those changes will be long-term or simply short-term.
We base our studies of markets on the premise that markets have a language, that they are telling us where they are headed next, so if we can know that language, and listen properly, we can have a huge investing advantage.
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Sunday, July 13, 2008
Stocks Technical Outlook Suggests Tradeale Rally Forming / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The conditions are ripe for a washout which would be a setup for a tradable rally.
Short Term - I use momentum indicators of price and breadth to find a short term rhythm in the market. These have all failed recently as the market has gone to rarely seen oversold levels.
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Thursday, July 10, 2008
Stock Market Liquidity Contraction Points to Increasing Fear and Capitulation ... / Stock-Markets / US Stock Markets
By: Marty_Chenard
The reason why Liquidity inflows and outflows is a critical element relative to the market rallying or correcting:
Liquidity inflows and outflows are easily understood by any corporation. When their cash inflows are positive and increasing, they have money to expand and hire. When their cash is outflowing and negative, their businesses contract and they layoff workers.
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Monday, July 07, 2008
Stock Market Had Worst Half Year Since 1970 / Stock-Markets / US Stock Markets
By: Regent_Markets
The half year report card for global stock markets was not one to be proud of. The first half of 2008 was the worst first half to a year for the Dow Jones Industrial Average since 1970, when the index was down 14.60%. The 14.44% decline of 2008 is actually the tenth worse performance since 1900. July hasn't exactly started off with a bang and US traders may be thankful for the long weekend last week. The S&P 500 closed the week down 1.19%, registering its lowest daily close for almost two years. June was especially hard for US markets with a drop of 8.55% for the S&P 500, and a 10.19% collapse on the Dow, making up most of the years losses to date.Read full article... Read full article...
Sunday, July 06, 2008
Stocks at Extreme Oversold Levels / Stock-Markets / US Stock Markets
By: Mike_Burk
The good news is: The market is very oversold and likely to bounce (No change).
Short Term Overbought - oversold is a description of a price move within a given time frame. Currently the market is oversold by virtually any measure over any time frame.
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Thursday, July 03, 2008
Stock Market Oversold But Threatening Critical Support Level / Stock-Markets / US Stock Markets
By: Hans_Wagner
Originally written 30th June 2008 - Following the market trend is a proven way for investors to beat the market and grow your stock portfolio. Basic technical analysis provides the tools to identify and follow the trends of the market as determined by the S&P 500.
It is best to begin with the big picture in mind and then work our way down to weekly and then daily views of the charts. You will notice that the chart and the value of the indicators change as we move from a monthly to a weekly and then a daily chart. This is a normal part of the technical analysis.
Read full article... Read full article...
Monday, June 30, 2008
S&P 500 Stock Market Index Potential Near-Term Double Bottom Pattern / Stock-Markets / US Stock Markets
By: Mike_Paulenoff
Earlier this AM, the SPY declined to 127.30 prior to pivoting to the upside for a rally to an intraday high so far at 128.87. Let's notice that the AM low left behind a potential near term Double Bottom type of pattern with Fri.'s low at 127.04. To trigger upside acceleration that unleashes the potential of the "mini Double Bottom," the SPYs must hurdle and sustain above129.00-- for a run at 130.00/30 thereafter. Read full article... Read full article...
Sunday, June 29, 2008
Stock Market Heading for a Successful Test of March Low / Stock-Markets / US Stock Markets
By: Andre_Gratian
Current position of the Market
Long-term trend - The Dow Jones Industrials are deviating from