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Stock Trading Alert: Downward Reversal Or Just Correction Before Another Leg Up?

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Posted by Paul Rejczak - Sunshine Profits

on Thursday, 06 April 2017 07:47

Stock Trading Alert sent to subscribers on April 6, 2017, 6:58 AM.

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

The U.S. stock market indexes lost 0.2-0.6% on Wednesday, following relatively big move up, as investors reacted to the FOMC Minutes announcement. The S&P 500 index extended its short-term uptrend, before going closer to its recent local lows and support level of 2,350. The index remains around 2% below March 1 all-time high of 2,400.98. The Dow Jones Industrial Average closed below 20,700 mark, and technology Nasdaq Composite index reached new all-time high above the level of 5,900, before closing 0.6% lower. Is this a new uptrend or just upward correction within new medium-term downtrend? The nearest important level of support of the S&P 500 index is at around 2,350, marked by the above-mentioned recent local lows. The next support level is at 2,335-2,340, marked by local lows. The support level is also at 2,320, marked by February 13 daily gap up of 2,319.23-2,321.42 and last week's Monday's local low. On the other hand, the nearest important level of resistance is now at 2,370, marked by short-term local highs. The next resistance level is at 2,380-2,400, marked by all-time high, among others. We can see some short-term volatility following five-month-long rally off last year's November low at around 2,100. Is this a topping pattern before downward reversal? The uptrend accelerated on March 1 and it looked like a blow-off top pattern accompanied by some buying frenzy. The S&P 500 index continues to trade along its medium-term upward trend line, as we can see on the daily chart:

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Stocks & Equities

Stock Market Trends; Is the Stock Market Heading for a Crash?

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Posted by Sol Palha - Tactical Investor

on Thursday, 06 April 2017 07:41

trend-trader"A moment's insight is sometimes worth a life's experience." ~ Oliver Wendell Holmes

This Bull started off as the most hated bull market in History, and it is now metamorphosing into the most insane of all Bull Markets. By any measure, this Market needs to let out some steam as it is trading in the extreme of the extremely overbought ranges. Historically, the crowd is almost always in the bullish camp at this stage of the game, but that does not appear to be the case. In fact, what stands out is that the masses are as anxious as ever, and yet the markets are trading close to their highs.

When you look at the sentiment data one thing becomes apparent; the masses are uncertain. They do not know whether they should embrace the bullish or bearish camp. Most of the actions seem to be limited to the Neutral camp; in other words, individuals keep moving from the bullish or bearish camps into the Neutral camp. ~ Market Update March 26, 2017

The masses are uncertain, and uncertainty is just a milder form of fear; they do not know what to expect, so they keep populating the neutral camp. The past five readings below starting from the 17th of March illustrate that the number of individuals in the bullish camp has never traded past the 48% mark; hardly something you would expect at this stage of the game

Sentiment data indicates that the Masses are still nervous

17th of March total number of neutral and bears: 74%
24th of March total number of neutral and bears: 67%
28th of March Total combined score of Neutral and bears: 64%
2nd of April total combined score of Neutrals and Bears: 70%



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Stocks & Equities

Stupid Is As Stupid Does

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Posted by The Burning Platform

on Wednesday, 05 April 2017 07:32

If you prefer fake news, fake data, and a fake narrative about an improving economy and stock market headed to 30,000, don’t read this fact based, reality check article. The level of stupidity engulfing the country has reached epic proportions, as the mainstream fake news networks flog bullshit Russian conspiracy stories, knowing at least 50% of the non-thinking iGadget distracted public believes anything they hear on the boob tube.

This stupendous degree of utter stupidity goes to a new level of idiocy when it comes to the stock market. The rigged fleecing machine known as Wall Street has gone into hyper-drive since futures dropped by 700 points on the night of Trump’s election. An already extremely overvalued market, as measured by every historically accurate valuation metric, soared by 4,000 points from that futures low – over 20% – to an all-time high. Despite dozens of warning signs and the experience of two 40% to 50% crashes in the last fifteen years, lemming like investors are confident the future is so bright they gotta wear shades.

The current bull market is the 2nd longest in history at 8 years. In March of 2009, the S&P 500 bottomed at a fitting level for Wall Street of 666. In a shocking coincidence, it bottomed on the same day Bernanke & Geithner forced the FASB to rollover like mangy dogs and stop enforcing mark to market accounting. Amazingly, when Wall Street banks, along with Fannie and Freddie, could value their toxic assets at whatever they chose, profits surged. The market is now 240% higher.

You have the second longest bull market in history, while stock market valuations, as measured by the Shiller PE ratio and every other historically accurate valuation method, are higher than 1929 and 2007, but the Wall Street hype machine and the business network shills adamantly declare this bull has years to go and thousands of points of upside. Greybeards who haven’t been captured by the Wall Street machine honestly point out the market will deliver 0% returns over the next ten years at these valuations. Eric Peters’ words of wisdom will fall on deaf ears:

“The longer a market trends lower, or higher, the more confident people become that tomorrow will look like today. And what they forget is that the single most important consideration in investing is your starting point.”

shiller-pe-f316dcef57a82208

....continue reading much more HERE

 



Stocks & Equities

Stock Trading Alert: Mixed Expectations As Technology Stocks Reach New Record Highs

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Posted by Paul Rejczak - Sunshine Profits

on Thursday, 30 March 2017 07:59

Stock Trading Alert originally sent to subscribers on March 30, 2017, 6:58 AM.

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index).

Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year's all-time high:

Intraday outlook (next 24 hours): bearish
Short-term outlook (next 1-2 weeks): bearish
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): neutral

The main U.S. stock market indexes were mixed between -0.2% and +0.4% on Wednesday, as investors continued to hesitate following last week's move down. The S&P 500 index broke above its recent local highs on Tuesday, as it retraced some of the decline. It is currently less than 2% below March 1 all-time high of 2,400.98. The Dow Jones Industrial Average broke below 20,700 again, and relatively stronger technology Nasdaq Composite index got closer to the level of 5,900. Overall, stocks retraced some of their recent move down off new record highs recently. Is this a new uptrend or just upward correction within new medium-term downtrend? The nearest important level of support of the S&P 500 index remains at around 2,335-2,340, marked by some previous local lows. The next support level is at 2,320, marked by February 13 daily gap up of 2,319.23-2,321.42 and Monday's local low. The support level is also at around 2,300, marked by December - January local highs. On the other hand, the nearest important level of resistance is now at around 2,360-2,365, marked by previous level of support. The next resistance level is at 2,390-2,400, marked by all-time high. We can see some short-term volatility following four-month-long rally off last year's November low at around 2,100. Is this a topping pattern before downward reversal? The uptrend accelerated on March 1 and it looked like a blow-off top pattern accompanied by some buying frenzy. The S&P 500 index continues to trade along its medium-term upward trend line, as we can see on the daily chart:

1



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Stocks & Equities

What stocks to buy as rates rise

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Posted by Money Sense

on Wednesday, 29 March 2017 06:59

aremortgageratesgoingupincanadaWhen interest rates climb, investors should pay closer attention to the sectors they own

Think of investment sectors as neighbourhoods. If you own the best house in the worst neighbourhood, the market will assign a discount on your home’s value. Own the worst house in the best neighbourhood and you’ll enjoy a premium valuation. That’s how Barometer Capital describes its approach to investing, and investors may want to follow suit, especially if your portfolio lives in the financial district.

“The vast majority of your return comes from being in the right sector,” says Diana Avigdor, vice-president head of trading and portfolio manager at Barometer Capital, a Toronto-based wealth management firm. With interest rates climbing in the U.S. this is an important time for investors to make sure they understand which neighbourhoods they’re in.

The current rise in rates in the U.S. Is more about a normalization, after a lot of intervention to boost the economy. It’s not about an expected surge in inflation. Regardless....

...continue reading HERE

 

...relatedL

Two Trends That Will Force The Fed To Start Buying Stocks

 



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