Equity Indices/Markets

[Bernard L. Madoff 14]

The share thread seems to running with, well, share chatter which is cool so I'll start a thread on the Indices.

The stuff that crashes and bubbles. What bear and bull markets are defined by and that your super and economies are linked to.

Pin?

[Bernard L. Madoff 14]

Some good analysis on the breakout out of the wedge on the SP500.

http://chart.ly/bcgh3y

Also on the attached charts the 100MA (red) and 200MA (green) held as Resistance (AND ARE ABOUT TO CROSS - if this happens the bears will be on a confirmed kill). Look at the second chart the 100/200 cross dooes not lie often.

[Bernard L. Madoff 14]

Ooooh collapso.

Separately, the Philadelphia Fed's August index slumped to -7.7 from positive 5.1 in July, which the Fed says suggest that regional manufacturing activity weakened in August, after two months of slowing activity. The simultaneously released reports hit U.S. stocks hard

http://www.marketwatch.com/story/leading-indicators-point-to-slowing-economy-2010-08-19

BUY AND HOLD. BUY AND HOLD.

[Bernard L. Madoff 14]

SP 1077 down 1.6%.

Worst is CAC40 down 1.9%

Unemp data. The US jobless recovery.

Take note Australia. When US housing peaked in 2006 unemp was <5%

[cobran20 94]

The RBA's assets have dropped to a new low. What will the All Ords do? Next couple of months should be interesting!

[cobran20 94]

Time to quake in fear!

Hindenburg Omen Confirmed on August 19th

[Bernard L. Madoff 14]

Thanks Cobran nice find.

All, Stocktwits chart.ly have changed formats

SP500 now here:

http://chart.ly/symbols/SPX

[cobran20 94]

IMO, the ducks are lining up for September/October.

[Bernard L. Madoff 14]

Thanks for the reasearch Cobran. Bunker down.

That Hindenburg thing has me intrigued.

[recession we had to have 0]

IMO, the ducks are lining up for September/October.

Was thinking something similar, as an aside, I was cooking away with recession she had to have, & for comic effect I donned some tinfoil on the noggin- & proceeded to spout nonsense to amuse her, mostly about 10/10/10 being the day it all comes a'cropper- so I'll go binary finary for a laugh;)

[Bernard L. Madoff 14]

Righto the SP500 100MA and 200MA have now crossed. The last time this occurred was January 2008 and the SP500 was 1500 over 26 months it fell to bottom at 666.

Also third Hindenburg Omen confirmation...

http://www.zerohedge.com/article/third-hindenburg-omen-confirmation

Also,

http://www.zerohedge.com/article/nic-lenoirs-global-macro-update

I'm thinking rallies to lower highs, falls to lower lows, rallies to lower highs etc etc

The death cross...

[Chimerica 2]

"This has been one of the most interesting days in finance ever," said Andrew Roberts, head of credit at RBS. "We are right at the tipping point. Yields are about to collapse even further, equities are about to turn over. The end game approaches, probably in next few weeks."

Nice.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7962825/Hard-nosed-Fed-sends-global-markets-reeling.html

[savagegoose 26]

[Bernard L. Madoff 14]

Why don't we just make the ASX an arm of the NYSE??

[Bernard L. Madoff 14]

450 SP500??? Thats an All Ords of around 1800.

http://www.zerohedge.com/article/albert-edwards-we-are-returning-450-sp

[Chimerica 2]

Stock markets face a 'bloodbath', says Soc Gen strategist Albert Edwards.

http://www.telegraph...rt-Edwards.html

Mr Edwards said there was too much hope among investors, with excessive valuations in the US, but predicted it would come to an end in the coming months as economic data increasingly pointed to a double-dip recession.

"Equity investors are in for a rude shock. The global economy is sliding back into recession and they are still not even aware that these events will trigger another leg down in valuations, the third major bear market since the equity valuation bubble burst," he said.

Edited August 27, 2010 by Chimerica

[Bernard L. Madoff 14]

Mr Edwards said there was too much hope among investors, with excessive valuations in the US,

Investors?

Looking at equity outflows I'd say there are private traders, institutions trading (mostly via dark pools/algos) and feel good glass half full optimistic wildebeeste. Maybe the latter are the investors?

Who of right mind is investing (except maybe healthcare, canned soup and armaments)?

[Bernard L. Madoff 14]

latest techs from Slipstream Trader

http://www.youtube.com/watch?v=yUQ3sz3xLC4&feature=player_embedded

(EUR, AUD, DX, Bonds, SP500, ASX200, Oil and Gold discussed)

[savagegoose 26]

you could take max keisers tip and buy into private prison management shares

[Bernard L. Madoff 14]

A technical pull up to 1085/1100 before another plunge. A good healthy and sustainable bear market should have rallies.

http://www.zerohedge.com/article/nic-lenoirs-market-close-observations

[Bernard L. Madoff 14]

A technical pull up to 1085/1100 before another plunge. A good healthy and sustainable bear market should have rallies.

http://www.zerohedge.com/article/nic-lenoirs-market-close-observations

Almost there.

[cobran20 94]

Almost there.

or this option to keep the bulls happy for another month...

[staringclown 53]

or this option to keep the bulls happy for another month...

Man, I actually get one of your charts Cobran. I'm definitely improving charts wise. I very happy.

[Chimerica 2]

Govt a risk to stocks says JP Morgan.

The biggest risk will be pressure on the central bank to raise interest rates if the government increases spending to accommodate a disparate group of lawmakers that helped it win power, JPMorgan said in research note.

Crashy stock market and higher interest rates to look forward to.

And it gets better ........

strategists led by Paul Brunker said in the note, dated yesterday. “Higher government spending adds to the potential for interest rates to go into more dangerous territory for consumers and housing demand.”

[cobran20 94]

IMO, the ducks are lining up for September/October.

The ratio is rising and when than happens, the US markets tend to tumble.