America's Economic Future – A Discussion By Ted Kavadas
On June 29 I wrote a blog post titled “Financial Stocks – Notable Price Action.” I continue to believe that the “price action” of various financial stocks is disconcerting. I view the poor performance of these financial and brokerage stocks to be one indicator among (very) many that serves as a “red flag” as to …
In the June 16 post (“The S&P500 Since 2007”) I displayed an annotated chart of the S&P500. In that post I stated the following: As one can see from the chart, one interpretation that can be made is that of a (completed) “Cup & Handle” chart formation as denoted by the green line. I have …
The following chart is annotated by Ron Walker, of thechartpatterntrader.com : (click on chart to enlarge image)(chart courtesy of StockCharts.com) As one can see, it is a chart of the S&P500 on a daily basis since March of 2009. Yesterday’s closing price of the S&P500 (1286.94) is very near the black rising trendline from the March …
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. …
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. Below is a chart featuring the XLF (the financial ETF) on a daily basis since …
On June 27 The Wall Street Journal published an article titled “Stocks Fall. Optimism Stands Tall.” As seen in this article: Analysts expect the S&P 500 companies to earn $99.86 a share in aggregate this year, up 2.3% from their April 1 estimate, according to FactSet. Strategists expect $95.24, according to John Butters, senior earnings …
The June 9, 2011 Livingston Survey (pdf) contains, among its various forecasts, a S&P500 forecast. It shows the following price forecast for the dates shown: June 30, 2011 1340 Dec. 30, 2011 1380 June 29, 2012 1413.5 Dec. 31, 2012 1463.5 These figures represent the median value across the 35 forecasters on the …
In the October 27, 2010 blog post (“Market Overview – Part V: Stock Market”) I showed two charts of the S&P500. As we are now approaching various important technical levels of the S&P500, I have updated one of the charts, as seen below: chart courtesy of StockCharts.com; annotations by the author click on chart to …
I am currently finding a variety of charts and market indicators to be of great interest as they depict internal stock market dynamics that are either less-than-robust or disconcerting / alarming. One such chart, which I have previously featured, is that of the NYSE Summation Index. I have put in the S&P500 as an overlay …
On March 1 I wrote a post titled “The Stock Market Bubble – Various Aspects.” In that post I highlighted a variety of factors that support my conclusion that the entire stock market is experiencing a bubble. One of the factors listed was “Extremely rapid valuation increases seen in a variety of private (tech) companies to …