Category Archives for "Market Analysis"

Global Sell-off in Stocks as Volatility Explodes

global sell-off

This week the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) experienced their biggest drops in years especially if you look at the lows for the week.  But this was not just a sell-off in the United States, there was also a significant global sell-off underway.

In the world’s second largest economy, China, the Shanghai Composite was down big for the second week in a row. It dropped 332.23 points or 9.6% and shattered a 2 year uptrend line.

China’s Shenzhen Composite dropped 142.267 or 7.8%.  It closed the week at the lowest level since September 18, 2015.  Over the last 2 weeks it has dropped 13.9%.

global sell-off

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Stock Market Woke Up…Something Changed

Something Changed

Friday February 2nd was Ground Hog Day in the United States.  The stock market woke up…something changed.  But it wasn’t just the stock market in the United States, it was happening around the globe.  But first back to the famous ground hog, Punxsutawney Phil.

Punxsutawney Phil saw his shadow and there’s suppose to be six more weeks of winter.  In honor of this day, I watched the Bill Murray movie, Ground Hog Day.

Something Changed

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FOMO is Surging…Think the Opposite

FOMO

The Fear of Missing Out (FOMO) is gripping the stock market big time.  I just saw a report that Bank of America Merrill Lynch’s indicator that measures money flow into the stock market, is giving a sell signal. This proprietary indicator measures the cash flowing into the stock market…stocks, ETFs, mutual funds.

It’s a great feeling watching your stock or ETF tick up every day, every week. It’s exciting and makes you feel really good. Continue reading

Parabolic Stock Market…Party On

Parabolic Stock Market

Today’s video focuses on the Dow Jones Industrial Average (DJIA) weekly chart.  Tom McClellan of McClellan Financial Publications published an article on Thursday where he talked about the parabolic stock market pattern of the DJIA.  He actually flipped the chart and then compared it to the actual chart. It is very interesting.

People think of a parabolic line as starting off fairly slow and then rapidly accelerating until it finally seems to be going almost straight up.  They have a convex look to them.  But that same line, if flipped, would have the same curve but more of a concave look to it. Here is how he showed it: Continue reading

Stock Market Setup That No One is Talking About

stock market setup

The stock market keeps pushing higher to new all-time highs every week.  It doesn’t matter if you look at the Dow Jones Industrial Average, the S&P 500 or the Nasdaq Composite Index, they are all sitting at all-time highs. But the stock market has given us this stock market setup once before.

Look at the two charts below.  Which chart is 1916 – 1929 and which chart is 2000 – 2018? Continue reading

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