Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Saturday, July 24, 2010
Stock Market Edging Through The Wall..... / Stock-Markets / Stock Markets 2010
What a fight we are witnessing. The bears setting up camp right at 1099. The bulls working every single day to try to get through 1099, but seemingly never able to make the necessary move. Why? Because those bears have such a strong confluence of resistance within an 8-point range. We talked about it yesterday. The previous tails off 1099, the trend line at 1095 and the 50-day exponential moving average at 1091. 1091 to 1099, and yet within that small 8-point range, there is resistance after resistance that on their own would be difficult let alone having all of these headaches come together in such a tight area.
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Friday, July 23, 2010
Markets Stressful Finish To The Week / Stock-Markets / Stock Markets 2010
On a turn around Thursday markets staged a complete reversal with renewed risk appetite replacing the post Bernanke “unusual uncertainty” risk aversion. The day kicked off with some robust European data (better UK retail sales and German PMI) but it was a series of upside earnings surprises Stateside that proved the catalyst for the rebound U.S. stocks rose, with the Standard and Poor’s 500 Index gaining the most in two weeks, after companies as diverse as United Parcel Service to AT&T and Qualcomm all increased profit forecasts.
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Friday, July 23, 2010
A Battle Royal in the S&P 500 Stocks Index / Stock-Markets / Stock Markets 2010
The battle between the bulls and the bears continues in the S&P 500 with neither side able to gain the upper hand. This choppy trading action will eventually lead to a large move one way or the other. The bulls are betting that we are headed higher and the bears are betting that the economy is going tank.
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Friday, July 23, 2010
The Wall Strikes Again / Stock-Markets / Stock Markets 2010
The day after fed Bernanke came out and told the world things stink the market rallied anyway, getting up to the big breakout level at 1099 on the S&P 500 . Interesting in that Bernanke told everyone yesterday that there was risk to the down side with respects to the expected GDP growth of 3.5% over the next few years. The market hated this because it also left the door open to a double dip recession scenario. Today, however, Mr. Bernanke came out and said he did not expect that to happen. Just slow growth but no double dip recession. The market loved it and rallied hard once it opened up for trading.
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Friday, July 23, 2010
Excellent Day for the Stocks Bulls / Stock-Markets / Stock Markets 2010
The indices had an excellent day for the bulls, as they gapped up big, blew through initial resistance and kept running, reaching 1870 on the Nasdaq 100 and 1097 area on the S&P 500. Over the next few hours, they pulled back, bounced again, couldn't get through, and then backed off late in the session, but in the last 15-20 minutes came on again to finish with strong gains.
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Thursday, July 22, 2010
Stock Market, Dollar and Gold Trend Facts / Stock-Markets / Financial Markets 2010
I’ve known for a long time that elections were all about money, but I never realized just how bad and broad the problem was until I read that most of the sitting judges along the Gulf Coast receive donations from big oil. Big money has its hand in everything and it is the dominant force in the United States today. It elects your government, decides how you live, decides what and how you eat, where you can go and where you can’t, and what kind of life your children will live. It’s the modern version of the old fashioned “company store”, the theme from Tennessee Ernie Ford’s song “Sixteen Tons”.
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Thursday, July 22, 2010
Stock Market Thrill-Ride Thursday, Where Will Economic Indicators Lead Us? / Stock-Markets / Stock Markets 2010
Isn’t this fun?
Up 200, down 200, up 200, down 200 - wash out your savings, rinse and repeat! What a total sham of a market we have these days with machines running us up and down on virtually no news at all. Yesterday they would have you believe that Ben Bernanke caused a sell-off. How ridiculous is that? He didn’t say one thing that he didn’t already say in the Fed Minutes that were released on the 14th, which were the notes from the meeting of June 23rd so for analysts to get on TV and say “the markets were concerned by the Chairman’s comments” is beyond stupid – it’s criminal negligence.
Thursday, July 22, 2010
Reasons to Sell China Stocks and ETFs / Stock-Markets / Chinese Stock Market
In the aftermath of the $19 billion Agricultural Bank of China IPO, the dragon is struggling… and there are plenty of reasons to consider selling.
A few months back we broke down the major China ETFs – FXI, HAO and PGJ. (You can access that piece here.)
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Thursday, July 22, 2010
Bernankes Unusually Uncertain Gloom Impacts Markets / Stock-Markets / Stock Markets 2010
US Fed Chairman Bernanke’s semi annual testimony on the Hill proved to be the game changer for stocks yesterday. Just as they had bounced Tuesday on whispers that he may offer fresh new policy measures, accommodation to support the markets, re-stimulate the flagging economy so stocks sold off Wednesday when he failed to deliver such. His comments were basically a rehash of the FOMC minutes (i.e. a fairly dour assessment of the economy) with one added Greenspan like euphemism for our lexicon i.e. that the outlook for the economy is “unusually uncertain”.
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Thursday, July 22, 2010
Stock Market Back 2 Back Reversals / Stock-Markets / Stock Markets 2010
The market continues to become quicker and fiercer as it move up and down 2+% on a regular basis This week we have seen some wild price swings due to earnings, events and the Fed’s which just makes trading that much more intense.
I have pointed out yesterday that this market only gives you a brief moment to take profits before it starts going wild shaking traders out of positions. This increased volatility is caused from a couple of things:
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Thursday, July 22, 2010
Stock Market Sharp Rollover on Bernanke Economy Warning / Stock-Markets / Stock Markets 2010
The stock market indices started the day with a big gap up, but that was it for the day in terms of the highs. They came down sharply, tested support, and did manage to hold by mid-morning and rally into early afternoon, but the S&P 500 failed to take out the 1085 intraday resistance level as the Nasdaq 100 made nominal new highs. That resulted in a sharp rollover after Ben Bernanke spoke about his concerns about the economy.
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Thursday, July 22, 2010
MortiES’ Stock Index Analysis, Up or Down? / Stock-Markets / Stock Index Trading
ES likes to take us for wild rides. Yesterday was a strong, outside reversal green candle. Trading wisdom would have it that there should be followthrough the next day. But ES doesn’t care about trading wisdom. Instead, the Bears came to the party and protected the 78.6% retracement level that we talked about in a previous post. As the first chart will show, we are not done with the W4 count yet, but it’s close. We have a line-in-the-sand that is nearby. Let’s see if the Bulls can defend.
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Wednesday, July 21, 2010
Ben Bernanke Sends Stock Market Lower... / Stock-Markets / Stock Markets 2010
You have to love honesty, and that's what we heard today when Mr. Bernanke told congress that things in the United States are not very good at all. That although the expectations are for 3.5% GDP (gross domestic product), the risk is towards weakness from that perspective. The moment this news came out, along with other tidbits not too friendly for Wall and Main Street, the market tanked out. No holding back either.
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Wednesday, July 21, 2010
Stock Market S&P500 Death Cross or Buying Opportunity? / Stock-Markets / Stocks Bear Market
Much has been made of the "Death Cross" that happened on July 2, 2010 in the S&P500. The "Death Cross" occurs when the 50 day moving average of price crosses below the 200 day moving average. Many interpret this technical "phenomena" bearishly, but as usual, folks are only reading the headlines and not critically looking at the numbers. There is more to this story. So what does the data say?
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Wednesday, July 21, 2010
Investors Road to Singapore Profits / Stock-Markets / Investing 2010
The warning signs about the U.S. economy are really starting to pile up.
The Philadelphia Fed’s widely-watched index of economic activity plunged in June to 5.1, about half the expected 10.0 reading the Wall Street crowd was counting on. Plus, the index of new orders dropped to a NEGATIVE 4.3.
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Wednesday, July 21, 2010
An Apple A Day Keeps The Stock Market Bears Away / Stock-Markets / Stock Markets 2010
U.S. stocks rose for a second day, erasing earlier losses as speculation the Federal Reserve will take steps to spur lending and an increase in building permits sent homebuilders and commodity producers higher and in doing so brushed off a nasty housing starts number and underwhelming numbers from Goldman Sachs. Yes on another day at the funfair the rollercoaster that is the Dow these days finished up 0.7% Tuesday after dipping as much as 1.4% earlier. Tech talisman Apple, Yahoo and AIDS drug maker Gilead Sciences (who missed EPS estimates and reduced guidance) were among companies that posted quarterly results after the official close of U.S. exchanges today.
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Wednesday, July 21, 2010
Stock Market Short Covering Rally... / Stock-Markets / Stock Markets 2010
Trade Recommendations: Take no action.
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Wednesday, July 21, 2010
SP-500 and GLD Time to Rally / Stock-Markets / Financial Markets 2010
At the time of my most recent article, we had just begun the stock market rally out of the July 2nd bottom and I suggested the rally would be able to continue higher, which it did, until the SP-500 1100 level stopped it on 3 consecutive days. Since then, we have taken 45 points off the index and today began a successful rally from 1057 that ended the day at 1083.
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Wednesday, July 21, 2010
Stock Market Indices Bounce Back from Morning Sell-Off to Close Ahead / Stock-Markets / Stock Markets 2010
The stock market indices started out the day in sharply lower fashion with a big gap down as the futures were lower before the opening. But they quickly stabilized and then took off. Within the first hour and a half they had reached key resistance at 1810 on the Nasdaq 100 and just under 1070 on the S&P 500, and backed off to form bull flags.
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Wednesday, July 21, 2010
Stock Market Reverses Where It Needs To... / Stock-Markets / Stock Markets 2010
The market wasn't happy overnight due to the fact that we had some bad earnings reports from Texas Instruments Inc. (TXN), International Business Machines Corp. (IBM), and this morning, Goldman Sachs (GS). Futures on the Dow were down nearly 150 points at its lows. Not what the bulls wanted to see, and with 1060 as a pivot for lower prices, it got scary for the bulls when we saw 1056 being printed early on after we gapped lower. It was1040 here we come as IBM and Texas Instruments were showing no signs of reversing up from very deep selling early on. However, Goldman Sachs started to reverse and so did the market.
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