TonyNasir

S&P 500 Downtrend Broken, Nasdaq Still Intact

A strong rally like this one would not come to an end without fierce fighting put up by the bulls. Mainly due to massive stimulus effects, this bear market rally has a look of a bull market and has lasted more than any bear could have imagined. An important thing to watch is the market breadth, which has not been so bullish as before but not alarming as yet. Market could trade sideways or grind to some updside for a while before falling in a decidely fashion finally.

Bears on the Decline

Doesn't seem to be any meaningful correlation between the two at all.

Another Sign of a Market Top

The top has already been reached - on Aug 7, confirmation of which came on Aug 11 when both DOW and $SPX broke down from an upward-slanting flag.

A V-Shaped Recovery with 4-8% GDP Growth?

Investors behind the current rally must be dreaming. They are just defying the common sense with the false belief that somehow the consumers would open their wallets in spite of worsening job market conditions. Technically speaking, $SPX has formed a bearish rising wedge starting from the March lows, which (when broken) would imply a visit to March lows at a minimum.

Economy Might Suffer, But That Won't Prevent a Stock Rally

This is a bunch of non-sense. We expect to have better articles that this one.
Alex: please don't waste our time with your own notions. Next time, pls. come up with some real arguments and facts to write an article.

Four Indicators for When to Exit the Rally

Just an update to my earlier morning comments "Since July 23, both $SPX and DOW have advanced in a narrow upward-slanting flag pattern with potentially bearish implications."...
Today, both $SPX and DOW broke down from their respective upward-slanting narrow channel (flag) with estimated minimum price target of 880 and 7400 respectively.

Richard Bove: Financials Are 'Trading on Fumes'

Bove needs to stop his flip-flop. Not too long ago he was extremely bullish on financials (i.e., potential to tripple). Now all of a sudden, he's making a 360-degree turn!

Four Indicators for When to Exit the Rally

Best way to judge a market is to look at the leader, i.e., Nasdaq in this case. A couple of things to note. Firstly, Nasdaq has lagged the $SPX lately and was unable to make new rally highs during the last week's rally while $SPX did! So, an important non-confirmation thus far.
Secondly, Nasdaq has recently moved above it's 80-Weeks Mvg. Avg. (Currently around 1948.50). Historically, this is the level where the bull markets have started or the bear markets have peaked. If Nasdaq can manage to stay around it's 80-Weeks Mvg. Avg. for the next few weeks, odds favor start of a bull market. On the flip side, if the leading index (Nasdaq) breaks this important level to the downside decisively, chances of the end of bear market rally increase tremendously.
Since July 23, both $SPX and DOW have advanced in a narrow upward-slanting flag pattern with potentially bearish implications. Thus, the overall picture does not favor bulls!

It's a Dow Theory Buy Signal: Time to Sell?

Good points made by the author. I would like to add the following:
Best way to judge a market is to look at the leader, i.e., Nasdaq in this case. A couple of things to note. Firstly, Nasdaq has lagged the $SPX lately and was unable to make new rally highs during the past week's rally while $SPX did! So, an important non-confirmation by the leader.
Secondly, Nasdaq has recently moved above it's 80-Weeks Mvg. Avg. (Currently around 1948.50). Historically, this is the level where the bull markets have started or the bear markets have peaked. If Nasdaq can manage to stay around it's 80-Weeks Mvg. Avg. during the next few weeks, odds favor start of a bull market. On the flip side, if the leading index (Nasdaq) breaks this important level to the downside decisively, chances of the end of bear market rally increase tremendously.
I won't attach too much significance to opinions of the perma-bulls like Abbey Joseph Cohen and Ken Fisher!

Ken Fisher Says 'Bear Market Is Over'

Best way to judge a market is to look at the leader, i.e., Nasdaq in this case. A couple of things to note. Firstly, Nasdaq has lagged the $SPX lately and was unable to make new rally highs during the last week's rally while $SPX did! So, an important non-confirmation.
Secondly, Nasdaq has recently moved above it's 80-Weeks Mvg. Avg. (Currently around 1948.50). Historically, this is the level where the bull markets have started or the bear markets have peaked. If Nasdaq can manage to stay around it's 80-Weeks Mvg. Avg. for the next few weeks, odds favor start of a bull market. On the flip side, if the leading index (Nasdaq) breaks this important level to the downside decisively, chances of the end of bear market rally increase tremendously.

Equity Markets: Start of a New Leg Up?

I am shorting the market at the open....can't get a better opportunity than this one...keeping in view the H&S top (don't worry if the neckline was penetrated to the upside as this is expected in a strong move). Intel is just fooling the bulls...their results reflect nothing more than inventory replenisment...look at the end-sellers like DELL. I am sure HPQ will say the same thing as DELL!

Volatility at Post Lehman Low

Since June 2, SPX has formed a rising flag which is bearish. During this time, SPX has been struggling to close above it's Jan highs (943.85). Tomorrow comes the May retail report which could decide the market direction....with skyrocketing unemployment, rising gasoline prices and reduced credit - all taking a toll on the consumer, I doubt it would be a real positive surprise!

Thursday Roundup: Goldman Drives Equities Higher

Well, it definitely seems like Golman Sachs has a licence to say whatever they want to say...in other words, to manipulate the markets as they wish...as always! Why that happens....answer is very simple, they always get away with that....and they know it that they would! The big question is why Golman Sachs would try to inflate and create the bubble. The simple answer to that is their own stock gets inflated as a result and they are immensely benefited by cashing out their options!

Apple Upgrade Not Groundbreaking

I suspect that AAPL upgrade was deliberately timed at stemming the market downfall at a critical level. I have already submitted a formal request to SEC to look into the suspected criminal act by the responsible financial firm...plus another one for acting in a very similar fashion last week.

Recession Still Going but Market Is Headed North

FYI, I have just submitted a request to SEC for investigating the recent questionable calls from GS and MS.