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Gold Swoons But Novo Blasts Higher

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 16 March 2018 07:30

These great charts as usual clearly show opportunities both long and short in everything from individual stocks through Commodity and Stock Market ETF's. Besides the individual stock Novo, be sure to listen to Morris's analysis of the Nasdaq Triple Bear ETF & GDXJ Short Term Chart - R. Zurrer for Money Talks

Today's videos and charts (double click to enlarge):

SFS Key Charts & Video Update

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Stocks & Equities

Downward Pressure Mounting

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Posted by Paul Rejczak

on Thursday, 15 March 2018 06:40

Paul Rejczak highlights the current situation in all-three stock indices and lists the support points to buy should the market should be lower today. He also analyses the high flyers Apple and Amazon and their negative trading action of the last two days - R. Zurrer for Money Talks

Downward Pressure Mounting

The main U.S. stock market indexes extended their Tuesday's losses, as they closed 0.2-1.0% lower yesterday. The S&P 500 index lost 0.6% following Tuesday's bounce off resistance level at 2,800. However, it remained at the support level of last Friday's daily gap up. It currently trades 4.6% below January 26 record high of 2,872.87. The Dow Jones Industrial Average was relatively weaker than the broad stock market, as it lost 1.0% and the technology Nasdaq Composite lost just 0.2%.

The nearest important level of resistance of the S&P 500 index is now at around 2,775-2,780, marked by yesterday's daily high. The next resistance level is at 2,790-2,800, marked by short-term local highs. On the other hand, support level is at 2,740-2,750, marked by Friday's daily gap up of 2,740.45-2,751.54. The next level of support is at 2,700-2,720, among others.

The S&P 500 index reached its record high on January 26. It broke below month-long upward trend line, as it confirmed uptrend's reversal. Then the broad stock market gauge retraced all of its January rally and continued lower. The index extended its downtrend on February 9, as it was almost 12% below the late January record high. We can see that stocks reversed their medium-term upward course following whole retracement of January euphoria rally. Then the market bounced off its almost year-long medium-term upward trend line, and it retraced more than 61.8% of the sell-off within a few days of trading. Is this just an upward correction or uptrend leading to new all-time highs? The market seems to be in the middle of two possible future scenarios. The bearish case leads us to February low or lower after breaking below medium-term upward trend line, and the bullish one means potential double top pattern or breakout above the late January high. However, the most likely scenario may be that stocks go sideways for a while, and it would be the worst future scenario:

Uncertainty Following Move Down

The index futures contracts trade 0.1% higher vs. their yesterday's closing prices, so expectations before the opening of today's trading session are slightly positive. The European stock market indexes have gained 0.2-0.3% so far. Investors will wait for some economic data announcements: Empire State Manufacturing Index, Philly Fed Manufacturing Index, Initial Claims at 8:30 a.m., NAHB Housing Market Index at 10:00 a.m. Will yesterday's move down continue? The S&P 500 index reached its Friday's daily gap up, which may act as a short-term support level. If the market breaks lower, it could continue towards the level of 2,700. But for now, it looks like a downward correction. So, we will likely see more fluctuations above support level of 2,750, and below resistance level of 2,800.

The S&P 500 futures contract trades within an intraday consolidation, as it retraces some of its overnight move down. The nearest important level of support is at around 2,745-2,750, marked by local low, among others. On the other hand, resistance level is at 2,775-2,785, marked by yesterday's local high. The futures contract is below its short-term downward trend line, as we can see on the 15-minute chart:

1

 

Click Chart for Larger Image

Nasdaq Remains Above 7,000 Mark



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Stocks & Equities

Lance Roberts: Chart of the Year

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Posted by Lance Roberts - Real Investment Advice

on Wednesday, 14 March 2018 08:20

Chart-of-the-YearLance Roberts highlights the breakout to all-time highs in the technology sector as the “Chart Of The Year” for 2018. But not for the reason as touted by the overly optimistic “hopefuls,”  but rather because this could very well mark the “last breakout” of this particular bull market cycle. R. Zurrer for Money Talks

Well, I jinxed it.

Technically Speaking: Chart Of The Year?

In this past weekend’s missive I wrote:

“There are generally two events that happen every year – somebody forgets their coat, goggles or some other article of clothing needed for skiing, and someone visits the emergency clinic with a minor injury.”

The tradition continues as my wife fell and tore her ACL. The good news is she tore the right one three years ago, and after surgery is stronger than ever. Now she will get to do the left one.

But, while I was sitting in the emergency clinic waiting for the x-rays to be completed, I was sent a chart of the technology sector with a simple note: “Chart Of The Year.”

Chart Of The Year

Yes, the technology sector has broken out to an all-time high. Yes, given the sector comprises roughly 25% of the S&P 500, it suggests that momentum is alive and well keeping the “bullish bias” intact. (We removed our hedges last week on the breakout of the market above the 50-dma on a weekly basis.)

This is why we are currently only slightly underweight technology within our portfolio allocation models as shown below.

But why “the chart of the year” now? As shown below the technology sector has broken out to all-time highs several times over the last 18-months. What makes this one so special?

The Last Breakout

As stated, breakouts are indeed bullish and suggest higher prices in the short-term. This time is likely no different. However, breakouts to new highs are not ALWAYS as bullish as they seem in the heat of the moment. A quick glance at history shows there is always a “last” break out of every advance.

1999-2000



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Stocks & Equities

Tyler Bolhorn: Buy These Two Stocks Now

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Posted by Tyler Bollhorn - StockScores

on Tuesday, 13 March 2018 06:10

The heart of Tyler's newletter is how to deal with the fear of missing out. He says the best trades are "easy to find" and to prove it in his Strategy of the Week he selects two stocks that are just breaking powerfully up from a rising bottom with very abnormal price and volume break. - Robert Zurrer for Money Talks

Screen Shot 2017-09-19 at 2.00.45 PM

perspectives commentary

In this week's issue: 

  • Stockscores’ Market Minutes Video – What is Stock Risk?
  • Stockscores Trader Training – Don’t Be a Reckless Trader
  • Stock Features of the Week – Abnormal Breaks

Stockscores Market Minutes – What is Stock Risk?

Many investors confuse the risk of a stock with the volatility of a stock. This week, I explain this important distinction, provide my analysis of the market and take a different look for the trade of the week on JDST. Click here to watch the video.

To get instant updates when I upload a new video, subscribe to the  Stockscores YouTube Channel

 

Trader Training – Don’t Be a Reckless Trader



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Stocks & Equities

Martin Armstrong: The Analysts Are Turning Back to Bearish Again

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Posted by Martin Armstrong - Armstrong Economics

on Friday, 09 March 2018 06:40

Martin Armstrong has some good news supporting a continuation of the 8 year Stock Market rally to new highs in the market averages. Martin also comments on Sovereign Debt Crisis, rising interest rates, trade wars & the collapsing Interbank Market - Robert Zurrer for Money Talks

DJIND-W-3-8-2018

CNN Money is reporting the headline “A top JPMorgan Chase executive is warning that stocks could fall as much as 40% in the next few years.” CNN reports that Daniel Pinto, JPMorgan’s co-president, said on Bloomberg Television he believed that market gains should continue for the next year or two. However, he added that nervous investors could result in a “deep correction” of between 20% and 40%, “depending upon the market values at the time the downturn starts.”

Indeed, this was the pause we were looking for from January. We did not see a collapse as in terms of 1987. Instead, this is simply the transition period where the marketplace must come to grips with a Sovereign Debt Crisis and that means rising interest rates will devastate the bond bubble. So exactly how does that equate to a 40% decline in equities?



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