Correction, pullback, or Bear Market? Part 3

  Despite this year’s global and USA markets turmoil around the world, vis a vis China, Portugal, Ireland, Italy, Greece, and Spain (aka the PIIGS), Puerto Rico,  crude, the US Federal Reserve raising interest rates for the first time … while other Central Banks are trying untested “negative interest rates” hoping to jump start their stalling economies with consumer spending, currency devaluations, et cetera, … the discussion, debate, and opinions on the end of the USA markets correction may be near.
The comforting aspect, aka “Pros“, behind all the numbers I cite below is that, despite Mr. & Ms. Fickle Markets trashing the short term .. and intermediate term, technicals with two harrowing corrections since August 2015, the long-term 7 year bull market index uptrend looks to be  still intact.  The worrying aspect, aka “Cons“, is that even despite all the selling, the indices have a lot of room to fall before testing some real support levels.
Besides the global issues below, Friday, 3/18/2016 is third Friday of the month options expiration, ** and ** Quadruple witching Friday.  Thursday, 3/31/2016, is the last trading day of March 2016 as well as the last trading day of the first quarter of 2016.   With only 14 trading days left in Q1 2016, expect Funds to be “window dressing”, buying winners and selling losing shares, for their upcoming Q1 2016 investor reports.
 China and OPEC are global, hot topic, problem children
   China is seeking to beat its short term economic and stock markets troubles, by seizing the opportunity Mr. & Ms. Fickle Markets short sighted “What are you going to do for me in the next few seconds?”  mentality, to bid to acquire way oversold, severely undervalued, USA companies, as well as global companies.  And, the Exchanges, the SEC, as well as US government have all embraced Mr. & Ms. Fickle Markets’ short sighted, short selling,  mentality … potentially undermining the economic and technoligical superiority the USA enjoys over the rest of the world.
We all know China is hacking governments and corporations to steal tech intellectual properties (IP), as well as personell and personal data.  The problem is, China grew because global and USA companies looking for cheap labor taught and trained Chinese to “assemble” component parts built elsewhere.  China lacks the expertise and especially the “Know how” to build the tech they are stealing.  If China, thanks to Mr. & Ms. Fickle Markets’ short sighted mentality, can acquire severely undervalued companies, they will acquire the “know how” to educate and train their people, either covertly, or openly, to understand and engineer the intellectual properties China has stolen.   That’s why China wants, and would dearly love to own companies like Micron Technologies (MU).  China wants its own DRAM and NAND industries.  Micron Tech has IP like Automata, the Hybrid Memory Cube, 3D “floating gate” NAND, 3D Xpoint, and more … IP Micron’s larger competitors do not have.  But thanks to Mr. & Ms. Fickle Markets’ short sighted mentality, Micron Tech (MU), a company CHINA would dearly love to OWN, is severely (in my opinion) undervalued.
  Let’s look at some of the Index numbers, while we wait, and HOPE, Mr. & Ms. Fickle Markets, the Exchanges, the SEC, as well as US government, WAKE UP, SMELL THE COFFEE, and FIX Mr. & Ms. Fickle Markets short sighted mentality issues before USA industries and manufacturing JOBS are picked clean by CHINA … and  we are all reduced to washing cars … or selling fast food.
Index chart 20160311
  Index performance Friday, 3/11/2016
  • Dow Jones    17,213.31  +218.18  (+1.28%)    (chart: blue)
  • Nasdaq        4,748.47   +86.31  (+1.85%)    (chart: gold)
  • S&P 500       2,022.19   +32.62  (+1.64%)    (chart:  red)
  •   ——————————————-
  • Rus 1k (RUI)  1,117.26   +18.58  (+1.69%)
  • Rus 2k (RUT)  1,087.56   +23.57  (+2.22%)
  • Rus 3k (RUA)  1,187.79   +20.19  (+1.73%)
  • CBOE (TNX)       19.77    +0.48  (+2.49%)
  • Volatility(VIX)  16.50    -1.55  (-8.59%)
II.  Correction, pullback, or Bear Market? … vs. 52 week lows
 (a) Dow Jones Industrial Average (INDEX DJIA: .DJI)

(a.1) The DJIA, from its low of 15370.33 on 8/24/2015, is:

  •     up +1842.98 points, or +11.991%.
  •    Friday’s close brought the DJIA up +218.18 points, or  (+1.28%) 
  •    a negative 52 week performance of -3.81%,
  •    a negative -1.22% year to date performance,
  •    -1138.05 points down from the DJIA’s 52 week high of 18351.36, or -6.201 percent.
  •    The DJIA is +63.85 points above its Pivot Point for Monday, 3/14/2016
(a.2)  The Nasdaq from its 52 week Low of 4209.76, is up +538.71 points, or +12.797%.
  • Friday’s close brought the Nasdaq up +86.31  points, or (+1.85%).
  •    a negative 52 week performance of -2.53%,
  •    a negative -5.17% year to date performance,
  •    -483.47 points down from the Nasdaq’s 52 week high of 5231.94, or -9.241 percent.
  •    The Nasdaq is +15.75 points above its Pivot Point for Monday, 3/14/2016
(a.3) The S&P500, from its 52 week Low of 1810.10, is up +212.09 points, or +11.717%.
  •    Friday’s close brought the S&P500 up +32.62  points, or  (+1.64%).
  •    a negative 52 week performance of -1.52%,
  •    a negative -1.06% year to date performance,
  •    -112.53 points down from the S&P500’s 52 week high of 2134.72, or -5.271 percent.
  •    The S&P500 is +9.1 points above its Pivot Point for Monday, 3/14/2016
 (a.4) The Russell 1000 (RUI)
  •     is up +121.71 points from its low of 995.55, or +12.225%.
  •     is +5.60 points above its Pivot Point for Monday, 3/14/2016
 (a.5) The Russell 2000 (RUT)
  •     is up +144.46 points from its low of 943.10, or +15.318%.
  •    is +7.05 points above its Pivot Point for Monday, 3/14/2016
 (a.6) The Russell 3000 (RUA)
  •     is up +131.34 points from its low of 1056.45, or +12.432%.
  •     is +6.08 points above its Pivot Point for Monday, 3/14/2016
  (b)  Correction, pullback, or Bear Market? … vs. 52 week highs
Index, …  Close, 52Week Hi, Change,  %Change, Friday, 3/11/2016
  • DJIA ……..     17,213.31,  18,351.36,   (-1,138.050) (-6.201%)
  • NASDAQ ..    4,748.47,    5,231.94,    (-483.470)  (-9.241%)
  • S&P 500 …..   2,022.19,   2,134.72,    (-112.530)  (-5.271%)
  • Russell 1k      1,117.26,   1,191.59,     (-74.330)   (-6.238%)
  • Russell 2K     1,087.56,   1,296.00,    (-208.440)  (-16.083%)
  • Russell 3k      1,187.79,   1,275.89,     (-88.100)   (-6.905%)
  • CBOE TNX        19.77,      24.89,      (-5.120)  (-20.571%)
——  Monday, 3/14/2016 thru Friday 3/18/2016  ——-

 

( x)   All Links can be opened in a new tab or new window …

  •  ( xi )  I will be returning and adding more related chart info including links to charts with  daily, weekly, and monthly chart analysis

 

Please read:

 
              [ More  Blogs ]
           –  –
   Hope the above Correction, pullback, or Bear Market? Part 3 calculations for Monday, 3/14/2016  help your investing and trading today …
                  –   –   –   –           –   –   –   –
                  –   –   –   –           –   –   –   –
There’s more to add … and more to follow, which will be added [ here ] as well as in the follow up Parts to be published … and in the comments below.   Note:  You do not have to join to read the blogs, or the comments.   All comments and opinions, within the Site Terms of Use,  are welcome.  Feel free to participate in the discussion.
Advertisements

193 thoughts on “Correction, pullback, or Bear Market? Part 3

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s