“We’re in a binary situation where either the U.S. has slowed unexpectedly, where it is more than the weather, or we’re going to see a number that says, ‘We’re all back in business and we’re fine,’” said Paul Richards, UBS’ head of foreign exchange distribution, Americas. Richards expects the former.”The data we’ve seen (Friday) has affirmed my view. Next week, […]
Stock Market Diagonal Pattern Nearly CompleteStock-Markets / Stock Markets 2015May 16, 2015 – 10:17 PM GMTBy: Tony_CaldaroThe market did this week what it had done the previous three weeks: open higher, dip mid-week, then close the week over 2100. Last four weekly closes: 2118, 2108, 2116 and 2123. For the week the SPX/DOW were +0.40%, the NDX/NAZ were +0.85%, and […]
What makes this so good is how dead on accurate this collection of cliches have become:Click to create your own personal narrative. You may even get your own punditry spot.Source: StockcatsHow awesome is this?!Category: Cognitive Foibles, Financial Press, Markets, Psychology, Really, really bad calls← Credit Supply and the Housing Boom
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The great Chinese equity juggernaut rolls on. The Shanghai composite is up 14% this year, compared with the S&P 500’s sickly -0.1% performance. This, as we’ve noted, is a bona fide mystery: China’s economy is sputtering and yet its stock market only flies higher.ShareTap image to zoomThe tanking housing market is one likely culprit, as is the recent zeal for […]
I remember sitting in my car in college listening to Howard Stern on the radio before class sometime in 2000. Howard and his crew were talking about the stock market which was roaring. The Tech Bubble was in full effect. The sky was the limit. If you weren’t in the market you were losing out. It was a similar vibe […]
Improved consumer-price index failed to cheer markets as the benchmarks settled in the red for the second consecutive day. While utilities sector dragged benchmarks lower, strong housing numbers could only boost the housing stocks. Benchmarks had gained momentarily, but they gave up all their initial gains after the dollar started moving higher against the euro. Tuesday also marked the second […]
Sy Harding: Remain bullish because the bull market remains in place, with most indexes making new highs as recently as last week. Support levels continue to hold on short-term pullbacks, technical indicators remain on buy signals, and the market’s favorable season usually lasts into April/May.However, be watchful – because the rally is increasingly abnormal, is unlikely to be sustainable much longer, and could […]
Stock Trading Alert: Positive Expectations Following Last Week’s Move Down – Will Downtrend Reverse?By: Paul Rejczak | Mon, Mar 16, 2015SharePrintEmailStock Trading Alert originally published on March 16, 2015, 7:16 AM:Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,090 and profit target at 1,980, S&P 500 index)Our intraday outlook is bearish, and our short-term outlook is […]
Absolutely nothing has changed since I last wrote about this market in June of 2014. If you haven’t read it, you can read it here. The stock market bubble continues to grow, with new all time highs (ATH) being made daily, with no pullbacks, and extremely low volume. We rally on bad news and even higher on good news. Absolutely […]
Benchmarks started the holiday-shortened week on a positive note banking on encouraging news from Greece. Indications that the Greek government intends to seek an extension of the country’s loan agreement program improved sentiment. While the S&P 500 closed at an all-time record high, the Dow closed at the highest level so far this year. Markets were closed on Monday for […]
