Most Popular
1. Dow Max Drawdown Bear Stock Market 2022 - Accumulating Deviations from the Highs - 21st Feb 22
2.Putin Starts WW3 in Ukraine, Will Use Tactical Nuclear Weapons, China Prepares Taiwan Blitzkrieg - 28th Feb 22
3.World War 3 Phase 1 - Putin WINS Ukraine War! - 25th Feb 22
4.INVESTORS SEDUCED by CNBC and the STOCK CHARTS COMPLETELY MISS the BIG PICTURE! - 10th Feb 22
5.Will There Be A 2024 US Presidential Election? - 3rd Mar 22
6.Gold and SIlver, Precious Metals Sector Is at a Terrific Buy Spot - 6th Feb 22
7.Why Putin Wants the WHOLE of Ukraine - World War 3 Untended Consequences - 6th Feb 22
8.Dow Stock Market Expected Max Drawdown 2022 - 19th Feb 22
9.Stock Market Calm In the Eye of the Inflation Storm - 4th Mar 22
10.M = F - Everything is Waving! Stock Market Forward Guidance - 7th Mar 22
Last 7 days
Why APPLE Could CRASH the Stock Market! - 21st May 22
Why Is Crude Oil Ignoring US Inventories? - 21st May 22
Here is Why I’m Still Bullish on Gold Mining Stocks - 21st May 22
THE INFLATION MEGA-TREND QE4EVER! - 20th May 22
US Real Estate Investors – Is There An End In Sight? - 20th May 22
How Technology Affected the Gaming Industry - 20th May 22
How To Set And Achieve Reasonable Goals For Your Company - 20th May 22
How Low Could the Amazon (AMZN) Stock Price Fall? - 19th May 22
Bitten by FANG? Clocked by Cryptos? -- 'Air Pockets' Everywhere - 19th May 22
Northern General Hospital Orthopedics Fractures and and Ankle Clinic Consultations Real Patient Experience - 19th May 22
Cathie Wood Goes All in on Teladoc, ARKK INSANE Noob Investing Strategy! - 17th May 22
This is Anything but Positive for US Housing Market - 17th May 22
What Should We Do If There Is No Fed Monetary Policy Pivot? - 17th May 22
All Possible Ways to Earn Free Litecoin - 17th May 22
How low Could the Amazon Stock Price Fall? - 16th May 22
Cathy Wood ARKK INSANITY There is NO Coming Back! - 16th May 22
NASDAQ 100 Stock Market LOWER LOWS & LOWER HIGH - 16th May 22
Sanctions, trade wars worsen US inflation - 16th May 22
AI Tech Stocks Earnings BloodBath Buying Opportunity - 14th May 22
Futures Contract – Trading Crude Oil With USO - 14th May 22
How to Get Kaspersky Internet Security for 80% Discount! Do not Pay Renewal Price! - 14th May 22
Sagittarius A* Super Massive Black Hole Monster at Centre of Our Galaxy REVEALED! - 14th May 22
UK Public Debt Smoking Inflation Gun - 13th May 22
What Happens When the Stock Market Dip Keeps Dipping? - 13th May 22
Biden Seeks Inflation Scapegoats; Gold Advocate Wins GOP Primary - 13th May 22
Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - 12th May 22
The War on Gold Ensures the Dollar’s Downfall - 12th May 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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

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

By: Nadeem_Walayat

Stock-Markets

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

Back to the week that was -


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

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

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

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

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

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

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

Profitable investing & trading for the coming week.

By Nadeem Walayat
Editor, The Market Oracle

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


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


Post Comment

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