Monkey Business

Monkey BusinessThe video attached below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis.

Year of the Monkey

We won’t get any clues from China this week as the markets are closed for Chinese New Year or Spring Festival as it is also called. The Chinese New Year begins Monday, February 8 and it’s the Year of the Monkey…the Fire Monkey to be exact. I didn’t see any China economic reports due out either, until February 14.

The Shanghai Composite Index compressed further in pre-holiday trading. It still looks like consolidation in a downtrend. In the chart below I show the next support level, which is still another 10% down.

Shanghai Composite Index

Daily Chart

In the video below I review last week’s market action by reviewing the NYSE Composite Index (NYA) and the Russell 2000 (RUT).

I also review the Dollar Index (DXY), Consumer Discretionary ETF (XLY) and Silver ETF (SLV). I then look at a related stock…Silver Wheaton (SLW).

Extreme Conditions

extreme conditions

January 2008 – January 2016

The video attached below is a very condensed version of what I provide to my Insider Members in their Weekend Market Analysis. 

The retracement in the stock market continues and we are now rapidly approaching my targets for this 4th wave.

Continues to Plummet

In the Baltic Dry Index chart above you can see that it continues to plummet to new all-time lows.  I last talked about this on January 6 in the post “What is the Baltic Dry Index Saying Now?” The situation is now much worse.

Extreme Conditions

And what does Apple’s CEO Tim Cook have to say about the global picture? In his discussion of Apple’s results on Tuesday he was quoted as saying:

“Our results are particularly impressive given the challenging global macroeconomic environment. We’re seeing extreme conditions unlike anything we’ve experienced before just about everywhere we look.

– Tim Cook, Apple CEO

  Jan. 26, 2016 

In the video below I review last week’s market action by reviewing the Dow Jones Industrial Average (DJIA) and the Russell 2000 (RUT).

I then look at the DJIA on a monthly basis and show why it is now giving the same signal the NYSE Composite gave last September.

I also review the dollar, gold and the Nasdaq Biotech ETF (IBB). I then look at one of its components, Gilead Sciences (GILD).

Are the Bears Tired?

Bear market waking upAttached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. 

So we got a bounce from deeply oversold conditions on Thursday and Friday. Is that it. Is the selling over? Are the bears tired?

In the video below I review last week’s market action by looking at the NYSE Composite Index (NYA), Russell 2000 (RUT) and weekly chart of the S&P 500 (SPX).

I also review the High Yield Bond Fund (HYG), oil (USO) and gold (GLD).
I then check 3 stocks from both a daily and weekly view: Apple (AAPL), Amazon.com (AMZN) and American Express (AXP).

Selling Continues

China crash

Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. 

Selling continues in the global markets and in the video below I review last week’s market action by reviewing the NYSE Composite Index (NYA) and the Russell 2000 (RUT).

I also review HYG, USO, GLD and check in China’s Shanghai Composite Index and Japan’s Nikkei 225 Index. In addition I show a brief portion of my ETF table that is provided to Insider Members.

China Breakdown Continues

China closed its exchanges twice last week when the drops hit 7%. The Shanghai Composite Index (SSEC) is down 15% in 9 trading days this year alone. It is down 41.8% from its June 12, 2015 high…7 months!

China Shanghai Composite Index

Yes it did bounce today. But one day does not a bottom make. Look at the bounces on January 5th and 6th. Look at the bounces in the decline during June to July.

Intra-day today the SSEC approached the August lows but did not break through it. Do I think it will hold?  I doubt it. The China Large Cap ETF (FXI) did not hold its August lows. The China breakdown continues. See the chart below. Continue reading

Ominous Start to the Year

Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. 

In this video I review the stock market’s price action by reviewing the NYSE Composite Index (NYA) and the Russell 2000 (RUT). I also review oil and gold and three key ETFs.  Continue reading

Closing on Its Lows

Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. 

In this video I review the stock market’s price action by reviewing the NYSE Composite Index (NYA) and the Russell 2000 (RUT). I also review oil and gold and check the longer term picture on NYA.  

All the indices closed on or very near their lows for the day on Thursday and for the week. We’ll see what kind of follow-thru we get on Monday.

Has 3D Printing Bottomed?

has 3D printing bottomedAttached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. 

In this video I review the stock market’s price action by reviewing the NYSE Composite Index (NYA) and the Russell 2000 (RUT). I also review oil and gold and check in on the 3D printing industry. Continue reading

Stock Market Gave it all Back

Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. 

In this video I review the stock market’s price action by reviewing the NYSE Composite Index (NYA) and the Russell 2000 (RUT). I also review oil and gold and check in on Newmont Mining (NEM) and Goldcorp (GG).