today's videos and charts (double click to enlarge):
Posted by Morris Hubbartt - Super Force Signals
on Friday, 03 November 2017 06:24
today's videos and charts (double click to enlarge):
Posted by Paul Rejczak
on Thursday, 02 November 2017 06:20
Intraday trade: Our Tuesday's intraday trading outlook was neutral. It proved quite accurate because the S&P 500 index gained just 0.1% following relatively narrow intraday trading range. We still can see some short-term overbought conditions. Yesterday's reversal off new record high is a short-term negative signal. Therefore, intraday short position is favored. Stop-loss is at the level of 2,595 and potential profit target is at 2,545 (S&P 500 index).
Our intraday outlook is bearish today. Our short-term outlook is neutral, and our medium-term outlook is neutral:
Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
The main U.S. stock market indexes were mixed between -0.2% and +0.3% on Wednesday, as investors took short-term profits off the table following recent rally. The S&P 500 index reached new record high at the level of 2,588.40, before closing slightly below 2,580. The Dow Jones Industrial Average was relatively stronger than the broad stock market, as it gained 0.3%. The blue-chip index reached new all-time high at the level of 23,517.71. The technology Nasdaq Composite reached new record high at the level of 6,759.66, but it closed 0.3% lower. The nearest important level of support of the S&P 500 index is at 2,570-2,575, marked by some recent local lows. The next support level remains at 2,560-2,565, marked by previous local lows. The support level is also at 2,545-2,550, marked by last Wednesday's daily low, among others. On the other hand, potential resistance level is at around 2,590-2,600, marked by record high. The S&P 500 index extended its over eight-year-long bull market yesterday, as it reached new record high closer to 2,600 mark. Will bull market continue? Or is this some topping pattern ahead of downward reversal? There have been no confirmed negative signals so far. However, we still can see medium-term technical overbought conditions:
Posted by Stephen Todd - Todd Market Forecast
on Wednesday, 01 November 2017 17:01
Todd Market Forecast for 3:00 Pacific Wednesday November 1, 2017
DOW + 58 on 131 net advances
NASDAQ COMP - 11 on 791 net declines
SHORT TERM TREND Bullish
INTERMEDIATE TERM Bullish
STOCKS: Several factors seemed to be at work on Wednesday. One factor was strength in the overseas markets. Japan was up 408 points and Germany was ahead by 235 points. The latter is equivalent to a Dow gain of over 400. I contacted a friend in Germany and asked why the great strength and he said it was a mystery. He did say that the market breadth wasn't all that great.
Our market jumped in sympathy, but the gains were soon capped and breadth was rather poor here too.
Earnings continue to be a positive. 65% of S&P 500 companies have reported profits and 75% have beaten estimates. The 5 year average is 69%.
GOLD: Gold moved up $5. We're going to change our outlook below.
CHART: The supply demand 5 day m.a. reported nightly is under .45. This tends to be a level from which upmoves occur. The fact that we haven't even had a decline complicates the forecast somewhat, but we'll call it bullish. (check your introductory material for further explanations.)
BOTTOM LINE: (Trading)
Posted by Ice Cap Asset Management
on Wednesday, 01 November 2017 07:08
Let’s face it – investors around the world are nervous. Everywhere they look, read, and hear – someone is warning about the the stock market.
Yes, stock markets occasionally go down. But so do other markets as well.
The challenge today, is that the 2000 Tech Bubble and the 2008 Housing Bubble is fresh on everyone’s mind. And since these bubbles eventually manifested themselves in the stock market – people today believe every financial crisis must eventually be reflected in the stock market.
Of course, this is linear thinking. And considering bond, interest rate and currency markets dwarf the stock market – investors better understand that the tail doesn’t wag the dog.
Since the risk today is in the bond market – investors should prepare for an investment experience that is completely different than their expectations.
In this issue of the IceCap Global Outlook, we explore major investment markets and using music from the legendary 1980s rock band – The Clash, help guide you along the way to a better understanding of where market risk truly lies.
Read PDF here: IceCap Global Market Outlook
Posted by Avi Gilburt - ElliottwaveTrader.net
on Monday, 30 October 2017 06:36
I know I am not the traditional author you come across on most financial sites. Most others will provide you with traditional notions of the stock market based upon rationalities. So, many authors will suggest that we “cannot separate public policy and geopolitics from the markets,” they will focus on “market valuations,” they will claim that “fundamentals do not support this rally,” and will provide you with many, many other reasons as to why they have continually believed that this rally would never happen.
Yet, they have been left on the sidelines, scratching their heads for the last year and a half, as the US equity markets have rallied over 45% since February 2016.
I mean, think about all the reasons they have put before you over the last year and a half regarding the imminent risks facing the stock market, which they have lead you to believe will stop the market in its tracks. I have listed them before, and I think it is worthwhile listing them again:
Brexit – NOPE
Frexit – NOPE
Grexit - NOPE
Italian referendum - NOPE
Rise in interest rates - NOPE
Cessation of QE - NOPE
Terrorist attacks - NOPE
Crimea – NOPE
Trump – NOPE
Market not trading on fundamentals – NOPE
Low volatility – NOPE
Record high margin debt – NOPE
Hindenburg omens - NOPE
Syrian missile attack - NOPE
North Korea – NOPE
Record hurricane damage in Houston, Florida, and Puerto Rico - NOPE
Spanish referendum – NOPE
Las Vegas attack - NOPE
And, each month, the list continues to grow.
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