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Posts Tagged ‘ Decline ’
SPX Update: Market Ripe for at Least a One-Day Rally
Much as I'd like to give the bears something to be really excited about, yesterday's action wasn't terribly encouraging, and has left some questions about the decline from 1333-1300. Yesterday's morning spike exceeded the 1320.06 high, and&n...
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SPX and Dow Updates: Bears Fire a Shot Across the Bow
The bears finally showed a little bit of strength yesterday, although the decline was almost entirely retraced by day's end. Before I get to the short-term bear counts, I'm going to present the slightly more bullish alternate, then...
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Obama Bluffs on ReFi?
. &nbs...
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SPX Update: Using Elliott Wave Theory to Choose Entries and Stop Losses
Yesterday the market formed a bearish reversal bar: it gapped higher at the open, but closed solidly in the red. These types of bars sometimes indicate buying exhaustion.
The market is now as overbought as I've seen it, and if this is still a be...
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Market Completes False Upside Breakout
SPX (cash) opened weak, pulling the 2 day cycle to the sell side with a projection of 1308 in the initial moments which has been reached and slightly broken. As I completed this update, the projection looked to be around 1304.50. A 5 day cycle buy signal late yesterday has whipsawed from a weak...
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Bears Get A Glimmer of An Opening
The market may have given bears a glimmer of light on Friday, but so far, that’s all it is, a glimmer. This report looks at what those glimmers are and the likelihood that they will lead to a real decline. Tweet
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Same Old Same Old
Having repeated essentially the same analysis and forecast for seemingly the past 10 days, I won’t bore subscribers with more of the same tonight, especially since it’s late and you have enough to digest with the housing report and the free reports on unemployment claims and retail sales. Cycle projections were down slightly in...
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Housing Fundamentals Improved, But Not Enough
Housing data in the past couple of months has been mixed. Lagging closed sales data shows prices declining. The problem with that is that the most current data represents sales closed in November, which for the most part were sales that went under contract in September. That tells us nothing about the current market....
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Analysis: The great hedge fund humbling of 2011
Analysis: The great hedge fund humbling of 2011
By Svea Herbst and Katya Wachtel | Reuters – 3 hrs ago...
BOSTON/NEW YORK (Reuters) - Excuses, excuses and more excuses.
The result was a humbling year for the $1.7 trillion hedge fund industry, with...
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SPX and BKX Update: The Moment of Truth
In a perfect world, the completion to the Minor (2) rally would mark a new high which exceeds the October top. My preferred count of an ending diagonal suggests that perhaps the session today or tomorrow will finally complete that top.
Sinc...
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Foreign central banks cut US treasuries
Last updated:December 30, 2011 7:20 pm
Foreign central banks cut US treasuries
By Michael Mackenzie in New York
Holdings of US Treasuries by foreign central banks has fallen by a record amount over the past four weeks according to the latest Federal ...
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SPX and RUT Update: Are We There Yet?
In studying the charts tonight, one conclusion is certain: the market has no intention of making this one easy right now. I can see at least half a dozen viable short term counts in the charts tonight. And then, just as...
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SPX and VIX Update: Indications this Rally Won’t Last
This market is a mixed bag of messy charts right now. But many of the indicators I'm looking at are now suggesting the market is within 2% of a top -- potentially an extremely major top.
From an Elliott Wave perspective, it rema...
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SPX and NDX Update: A Rally, or Just a Blip?
Yesterday, the market again traded right down into my target zone, but, as mentioned yesterday, there are now two solid reasons for shorts to be cautious at these levels:
1) The alternate count suggested a bottom right in the target zo...
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SPX and NDX Update: Targets Hit Again; and the Long-Term Projections
As I've examined the charts tonight, I've been looking for reasons why the big nasty third wave decline isn't starting. I'm not finding too many. Most of the individual stock charts I've looked at are in bad shape. The one confus...
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American Privilege Rots an Empire From Within
A rising empire rewards people who contribute to its growth and invest in its future. The empire’s decline begins when certain members of society are over-rewarded by means of privileges, and the empire’s money is wasted on outdated endeavors. ...
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Americans Got Much Poorer Last Quarter
December 8, 2011, 9:04 pm
Americans Got Much Poorer Last Quarter
By CATHERINE RAMPELL
Americans got much poorer last quarter, as their collective household net worth suffered the biggest decline in three years.
The total net worth of American house...
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SPX Update: Finally the Breakdown — What Next?
For a little more than a week, I've been calling a top, and talking about the roughly dozen different indicators which were screaming for this top in the 1250-1270 zone. On Thursday, the market finally honored my inc...
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SPX and Dow Update: Just the Fax, Ma’am
Alrighty then. Apparently, the hours I'm keeping have become too much for my body these last few days. Many apologies. Here's the charts I finished last night before falling asleep at my computer for the 3rd night in a row. ...
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Market Morning Update 12/8/11
The ES futures are gyrating wildly between the 2 day cycle inner channel lines (red lines), interrupted by news noise bombs. The lower support line now at 1251 has just been slightly broken as I write this. The upper resistance line is around 1274. The centerline around which price has been gyrating is now...
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Home prices fall in Oct for 3rd month: CoreLogic
Home prices fall in Oct for 3rd month: CoreLogic
Reuters – 1 hour 16 minutes ago.. .
NEW YORK (Reuters) - Home prices fell in October for the third month in a row with growth in the beleaguered sector expected to remain flat for years to come, data ...
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SPX and Euro Update: Euro Still in the Driver’s Seat
There are now so many indicators suggesting the market is forming a top, I'm beginning to lose count. Of course, past performance is no guarantee of future results and all that, but let me lay out the case for a top:
1) Friday was a non-farm pay...
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Case Shiller: Home Prices decline in September
Case Shiller: Home Prices decline in September
http://www.calculatedriskblog.com/2011/11/case-shiller-home-prices-decline-in.
html
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US Dollar Update: More Upside for the Dollar?
This is a quick dollar update, since so many markets are tied to the dolla...
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SPX Update: Bounce or Die
Last week, the market wrapped up its worst Thanksgiving week since 1932, losing almost 5%, as I opined would happen the week before.
There's been no material change in the counts since Friday. The bounce on Friday...
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SPX Update: The Crash: 1; Seasonality: 0
As predicted, Wednesday's normally seasonally-bullish session turned into a big red candle. That in itself should tell us something about this market, as that marks only the second time in ten years that the Wednesday before Thanksgiving&nbs...
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German Bund Auction Fails
German government bonds dropped after the nation missed its maximum sales target at a bund auction by 35 percent, sending the euro lower and 10-year yields higher than comparable U.S. Treasuries.
“This auction is nothing short of a disaster for Germ...
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Pretzel Logic’s E Wave Commentary SPX Update: Will the Waterfall Crash Continue?
So far, the market has lived up to my prediction of a waterfall decline, and now everyone wants to know if it's going to continue. Today we're going to take a look at a few things and try to answer that.
First of all, it helps to know what a waterfal...
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SPX Update: Will the Waterfall Crash Continue?
So far, the market has lived up to my prediction of a waterfall decline, and now everyone wants to know if it's going to continue. Today we're going to take a look at a few things and try to answer that.
First of all, it helps to know ...
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SPX Update: Do-or-Die Week for the Big Picture Wave Counts
On Friday, the Dow Jones Industrial Average (INDU) came within 6 points of its 2011 high. If this high is broken, this would be an extremely significant event for the counts, since second waves cannot exceed the beginning of first ...
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