Stock Market News & Stocks to Watch from StraightStocks » New Highs

The Nikkei’s Losing Streak in Focus: No Plunge Protection Needed (EWJ)

Steven Towns — Mon, 07 Jul 2008 00:07:25 +0000

If you haven’t heard yet, then you probably will some point on Monday: Japan’s benchmark Nikkei 225 Stock Average closed in the red on Friday, marking its 12th consecutive decline, the longest since a 15-session losing streak in April-May 1954 during a time of “economic uncertainty” after the end of the Korean War. However, the current [...]

Stock markets turmoil, rising commodities and week US dollar.

Vlada Kynsky — Mon, 30 Jun 2008 18:06:00 +0000

Global stock markets are still under correction. Major indices haven't succeeded to rally after they bottomed on March this year. Last week Dow Jones Industrial Average has turned into the bear market by drop more than 20% from recent October high. Market lab show still Head and Shoulders bearish pattern for S&P 500 and DJIA on weekly basis. We have closed 4 consecutive weeks in negative for broad US indices.

Iran tension and weak USD lift crude oil to new all time high. Another commodity supported by current market conditions is gold by endless sub-prime mortgages financial crises.

Worse earnings reports are dragging down shares which again triggers selling pressure on US dollar. Which makes vicious spiral.

Outflow from US dollar and shares helping some markets and their currencies. Especially economies growing still at modest pace. Have a look to Czech currency Koruna. Despite 20% appreciation YTD against USD it breaks new highs every week no matter of intervention of Central bank.

Related tickers: (DIA), (SPY), (OIL), (USO), (GLD), (UUP), (UDN), (XLF),

Agricultural Chemicals Return to Highs

Steve Patterson — Thu, 12 Jun 2008 15:16:00 +0000

After a month long sell-off that saw Mosaic Company (MOS), Potash Corporation of Saskatchewan (POT), and Monsanto Company (MON) dip from 4-15%, the agricultural chemical companies have rebounded to new highs within the last two weeks. Monsanto is still close to a new high with Mosaic and Potash striking new highs on Wednesday.

US/NOK Impressions

Keith Lenger — Thu, 12 Jun 2008 07:01:06 +0000

I happen to spend my summers in Norway. I was quite amazed at the amount of negative response received from European posters on the ECB post. I still believe the ECB is making a mistake. Granted, the ECB is dealing with a host of issues the FED does not have, such as, semi-rigid labor markets. I [...]

Strong Market Has Many Amateur Investors Confused; There Are Way Too Many Bullish Charts For Us To Breakdown

Joshua Hayes — Fri, 30 May 2008 05:32:23 +0000

Some people are making this way harder than it is when it comes to making money. I make it very clear when I am going very long and when I am only buying a few to a hundred shares of something. A newbie will not know this but anyone with at least a few months [...]

Bullish Percents getting a little toasty

Declan Fallon — Wed, 07 May 2008 07:45:00 +0000

Although not of immediate concern, some of the bullish percents are about to enter bear market (but not bull market) top territory. If January lows represent the start of a bear market then these breadth indicators should top soon. If the current rally is a continuation of the cyclical bull market then there is room for another 15-20% of gain (perhaps as much as 50% for the Nasdaq Bullish Percents).

How this impacts on the market remains to be seen, but the likely outcome would be a negative divergence between breadth indicators and the market; indices make new highs as bullish percents fall. Time will tell.

I'm traveling to D.C. so there will be no update tomorrow. INS appointment Friday.

Get the Fallond Newsletter