America's Economic Future – A Discussion By Ted Kavadas
In the June 29 post (“Financial Stocks – Notable Price Action”) I wrote the following: I think that the relatively poor “price action” of various financial stocks is notable. It is one of many current indications that overall stock market health is not as strong as a casual glance at the major indices would indicate. …
This post is an update to recent posts, that began on October 6 (“A Chart Of Recent S&P500 Price Volatility“) on stock market volatility. While I track many different measures of volatility, I find the following chart to be both simple and clear in depicting the recent outsized volatility in the stock market. This chart …
In my post of October 10 (“Near-Term Direction Of Stock Market“) I stated with regard to the S&P500: The question now becomes whether that 1074.77 was a “lasting bottom,” or whether there is more near-term downside. I believe that the 1074.77 low will not be a “lasting bottom” – i.e. it will be breached to …
In recent posts concerning the stock market, such as those of October 10 and September 29, I have commented : …the stock market “price action” feels very “unsettled” to me, and, as such, I think the “danger” here is rather high. In this post I would like to list a variety of areas that I …
This post is an update to the post of October 6 (“A Chart Of Recent S&P500 Price Volatility“) While I track many different measures of volatility, I find the following chart to be both simple and clear in depicting the recent outsized volatility in the stock market. This chart depicts the S&P500 in 10 minute …
In my post of September 29 (“Near-Term Direction Of The Stock Market – Update“) I had reiterated my view that the S&P500 would fall below the August 9 low of 1101.54. It did fall below that 1101.54 level, reaching a bottom of 1074.77 on October 4. The question now becomes whether that 1074.77 was a …
The following chart depicts the S&P500 in 10 minute intervals from July 20 through yesterday’s close. As such, it encompasses the progression of the stock market since its July 25 daily high of 1344.32: (click on chart to enlarge image)(chart courtesy of StockCharts.com) The blue line is a 50-period moving average. What I find notable …
Since the S&P500 highs of early May and early July I have written a variety of posts warning of what I considered cautionary signs for the stock market. One of those posts was on August 29, titled “The Near Term Direction Of The Stock Market.” In that post I commented: Was that August 9 low …
Starting on May 3, 2010 I have written posts concerning the notable divergence that has occurred between the S&P500 and Chinese (Shanghai Composite) stock markets. The chart below illustrates this divergence; it shows the S&P500 vs. the Shanghai Composite on a daily basis, LOG scale, since 2006: (click on chart to enlarge image)(chart courtesy of StockCharts.com) – It …
Yesterday (September 19) The Wall Street Journal had an article titled “Wall Street’s Optimism Fades.” The article contains a variety of forecasts and commentary regarding the stock market and earnings. Here are two excerpts of forecasts: Goldman Sachs last Wednesday ratcheted down its end-of-year prediction for the S&P 500 to 1250, from its previous forecast …