Stock Market Technical Analysis Video for March 18, 2014 in HD
In this video I show how the sensitive SMI (Stochastics Momentum Indicator) flashed a positive signal today possibly indicating that the trend up that began in the beginning of February has resumed. I talk a little about today’s volume and a little bit about the very questionable small head and shoulders tops on the major indexes that I talked about in the previous video. Watch the previous video post for more on this.
Although my meanings are clear, I said the On Balance Volume “did not make a new low” when I meant “did not fail to make a new high” thereby making a negative divergence vs. price. Also said “reaction highs” when I meant to say reaction lows (previous support levels). Sorry about that. A little nervous today and was rushing things around here. Busy busy…No time to make a new video or edit it.
Do you think the market will make new highs over the Dec. 2013 high or fail and head back down? Any thoughts on the lousy possible head and shoulders tops. What do you think about the lasting power of the move that began in 2009 seeing it has gone on for so long now? Do you think we will see a major top in the next few months? Are there any stocks you like and think are good buys? Or do you think it is dangerous to be holding stocks presently, and if so, why do you think this? Any comments on how I can improve my videos or topic suggestions? Leave a comment below on the Disqus.
Elliott Wave International says things are going to get really nasty!
Biggest Bubble Ever Marks 5th Year of Stock Rally
Dallas Fed president: Asset-price bubble “may result in tears” for investors
By Elliott Wave International
Editor’s note: You will find a text version of this story below the video.
Start your free 2-week trial of our
Financial Forecast Service
now.
Lehman Brothers, Washington Mutual, Bear Stearns and many smaller financial firms failed during the subprime mortgage meltdown.
The next financial flameout will likely be more destructive than what occurred between 2007 and 2009.
Granted, that is a dire forecast, given that the previous financial crisis was the most severe since the Great Depression.
But with the stock market rally near a five-year milestone, EWI’s indicators suggest even greater risks vs. what we saw at the 2007 market peak.
You’ll recall that the stock market topped in October 2007. But at the start of that year, most investors had the attitude of “full steam ahead.” Even so, the
Elliott Wave Financial Forecast
gave subscribers a warning. Here’s an excerpt from the January 2007 issue:
2007: THE YEAR OF FINANCIAL FLAMEOUT
When investors are optimistic, confidence remains high and liquidity expands … But they celebrate the condition and come to view it as a “self-sustaining” virtue only when it is nearly over.
Several sentiment measures say that today’s optimism is as high or higher. Even so, lopsided sentiment is just one red flag. The just-published March
Financial Forecast
warns of an even bigger financial flameout.
Even the head of a Federal Reserve Bank is talking about a bubble.
Dallas Fed President Richard Fisher amplified some lingering concerns that the central bank’s policy stimulus is stoking asset-price bubbles that “may result in tears” for investors acting on bad incentives…
“I fear that we are feeding imbalances similar to those that played a role in the run-up to the financial crisis,” he said.Reuters, March 5
The just-published
Financial Forecast
gives you insight into the nation’s staggering credit expansion, and tells you about “a leading signal of an impending credit contraction,” which is flashing a bigger warning than it did in 2007!
Indeed, the first chart in the issue shows unequivocal evidence that the United States may face the biggest financial bubble in the country’s history.
Review that chart and the entire issue for free.
The March 2014 Financial Forecast is the best read on Wall Street and you can have it on your computer screen for two weeks at no charge. Learn more about your FREE two-week trial by following this link.
This
article was syndicated by Elliott Wave International and
was originally published under the headline Biggest Bubble Ever Marks 5th Year of Stock Rally.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
Jump to original:
Stock Market Technical Analysis Video for March 18, 2014 in HD
See which stocks are being affected by Social Media
