America's Economic Future – A Discussion By Ted Kavadas
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 …
As many are aware, Standard & Poors publishes earnings estimates for the S&P500. (My previous posts concerning their estimates can be found in the under the S&P500 Earnings tag) Currently, their estimates for 2011 add to the following: -From a “bottom up” perspective, operating earnings of $98.06/share -From a “top down” perspective, operating earnings of $94.89/share …
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. Since that May post, the divergence has grown. The chart below illustrates this divergence; it shows the S&P500 vs. the Shanghai Composite on a daily basis, LOG scale, since 2006: (click …
As many are aware, Standard & Poors publishes earnings estimates for the S&P500. My previous posts concerning their estimates can be found on September 17, May 30, and December 30) Currently, their estimates for 2011 add to the following: -From a “bottom up” perspective, operating earnings of $96.21/share -From a “top down” perspective, operating earnings …
There are two other aspects I would like to highlight with regard to the stock market. First, per my last two posts, my analysis indicates the entire stock market is currently a bubble. Given that conclusion, as well as my opinion that there are various other asset bubbles in existence right now, I would …