Fight or Flight: Get Ready for the Earnings Crush
Markets in the week ahead will try to size up the economic soft patch that has spooked commodities investors and is driving buyers into Treasurys.
Stocks, so far, have not shown much reaction to worries that the economy is slowing down, with both the Dow and S&P 500 at record highs in the past week.
About a third of the Dow Industrials and 70 [...]
Debt Crisis Is Starting To Hurt Germany Economy, Spain September Adjusted Industrial Output – 7.0%, AAPL Plunges Towards Bear Market, And Sean Egan Will Most Likely Downgrade US Credit Rating ‘No Matter What Happen’
This Is The Report That Sent Stocks Tumbling This morning
DEBT CRISIS STARTING TO HURT GERMAN ECONOMY
It was shaping up like the perfect overnight ramp following yesterday’s Goldilocks election result… and then Mario Draghi opened his mouth.
DRAGHI SAYS [...]
Mike Larson: After a rocky start to the summer, stocks have trended higher over the past few weeks. That much is fact. So why do I remain leery of themarket? What are MY indicators telling me about this rally? Can this uptrend really hold?
Those are the most important questions I want to answer for you. But to give you a sneak preview: No, this doesn’t look like the start of a [...]
From All Star Charts:
The Dow Theorists are flipping out.
What this group wants to see is the Dow Jones Transportation Average make new highs whenever the Dow Jones Industrial Average takes out a previous peak. Dow Theory states that they need to confirm each other. In an uptrend both should be making new highs, and when one doesn’t, there’s a problem. Same thing in a downtrend – when one average makes [...]
From All Star Charts:
Yes, this is a problem.
You see the indexes, although often discussed and traded as individual securities, are in fact are a basket of stocks. The holdings within these baskets impact the direction of the index itself.
A great example of this is the effect that America’s favorite stock $AAPL has on the major averages. There are estimates that if $AAPL was part of the Dow 30, we would [...]
From The Big Picture:
Dow Theory — a study of the relationship between the Industrials and the Transports — are suggesting a potential inflection point is nearing.
A move above 12,900 in the Dow Industrials would surpass the April 2011 highs, and the bulls would like to see that confirmed by the Transports getting over 5,630.
As we see from the indices via The Chart Store below, both the Industrials & Transports are [...]
By Mary Anne & Pamela Aden, MarketWatch
It’s still all about Europe. The deteriorating situation has been affecting all of the markets, but the failure of the super-committee to reach a compromise on U.S. debt is now weighing in too.
The end result has been uncertainty, volatile market swings, risk aversion, vulnerability and growing demand for safe havens.
Increasingly, we’re hearing more talk about a 2008 repeat and this is [...]
From The Big Picture:
Markets have been tentatively probing their way along, following Wednesday’s 2.5% rout on fears of an Italian collapse and EU breakup.
Major indices remain above their key breakout levels – but just barely: The S&P 500 at 1,239 is a stone’s throw from its 1,225 breakout level; The Dow Industrials at 11,893 are above its 11,625 breakout; and Nasdaq at 2,625 is right on the cusp of its prior [...]
Oaktree’s Howard Marks once again cuts through what he perceives is the market’s irrationality to explain what, to him, was the cause of the historic market collapse in early August: “Markets usually do a pretty good job of coping with problems one at a time. When one arises, analysts analyze and investors reach conclusions and calmly adjust their portfolios. But when there’s a confluence [...]
by Charles Hugh Smith from Of Two Minds
Storm Pennants Are Flying In Stocks and the Dollar
If we look only at charts and ignore the “news,” we see storm pennants are flying in both the stock market and the U.S. dollar.
The stock market is wearing a T-shirt that reads, “I broke a downtrend and all I got was this lousy pennant.” Having just returned from nine glorious days camping in [...]
Tea Party Made Up of ‘Freaked Out White Men’: Whitney
By: Jeff Cox
CNBC.com Staff Writer
Tea Party members are primarily “freaked out white men” who pose the greatest political threat to Democrats in 2012, according to banking analyst Meredith Whitney.
Speaking in the broader context of a discussion on CNBC regarding the Standard & Poor’s downgrade of U.S. debt, Whitney said the dissenters represent the type of problems that [...]
(Reuters) – Stocks extended gains on Tuesday, with the Nasdaq up 3 percent and the Dow industrials up 2 percent, recovering from the previous session’s selloff.
The Dow Jones industrial average gained 232.50 points, or 2.15 percent, to 11,042.35. The Standard & Poor’s 500 Index rose 30.49 points, or 2.72 percent, to 1,149.95. The Nasdaq Composite Index added 77.58 points, or 3.29 percent, to 2,435.27.
Following Wall Street’s [...]
CHAPEL HILL, N.C. (MarketWatch) — The stock market is poised today to do something it has not done in over 33 years: Decline for nine straight sessions.
Jimmy Carter, shown in 2010, was president the last time the Dow industrials suffered a nine-day skid.
The last time the Dow Jones Industrial Average [...]
The markets appear to be getting tired. The NASDAQ, the S&P 500 and the Dow Industrials are currently sitting at, or very near, their highs for year. However, many of the well-known oscillators; MACD, Slow Stochastic, RSI and the Ultimate Oscillator, are showing fairly strong NEGATIVE DIVERGENCES in each of the major indexes warning of some downward movement ahead.
The darling of [...]
No, this isn’t a trick question. Some people say the answer is “complicated,” yet I assure you that it is not. In fact, the end of a large bear market includes many indicators that are downright quantifiable.
The simplest answer to the question amounts to a nine-word sentence. But first allow me to show what the end of a bear market is by describing what it is not.
It is NOT [...]
No where I can find any explanation how this happened. How is it that the markets opened significantly and fought ALL day to move down and stay down and then magically after 2:00 (always after 2:00) the recovery takes place. God, I would dearly love to see some unbiased, real investigative reporting.
We have gone from over 11,200 (Dow) with lots of wild cheering to below 10,000 a couple of times, [...]