Market-Barometer

Welcome to Market Barometer [beta] Forecast on mobile for high-end devices:

 We are in a very volatile season for stocks:
Keep track of important model changes by reviewing the Chalkboard regularly. The mobile site gets updated from the models initially, then the .com site when a change is imminent. The mobile site is for traders handheld devices and they get first shot at prognostication.

Volatility picks up as stocks sink on global recovery concerns:
More negative ness hits Wall Street as global markets have economic recovery concern. Technicians watching the S&P 500 and how it performs today- could indicate market direction. Thursday, August 4, 2011, 10:01 A.M. Eastern

U.S. Stock Market rebounds Wednesday:
Equities are set for a flat session ahead of jobless claims and nonfarm jobs/ unemployment report volatile day but stocks end positive ahead of more possible pain in the form of jobs data that could upset trading.  Wednesday, August 3, 2011, 9:29 A.M. Eastern- updated 8/3/2011, 9:49p et

Debt Deal Passes, Stocks Still Continue To Sell Off:
Debt deal sent to Senate for vote and passes, signed by the President while this morning personal income and spending data was mixed with earnings taking a back seat to politics and economic data. Senate passed debt package as stocks continue lower to end the S&P 500 index near lower support for the trading range. Models watch for penetration Wednesday. Tuesday, August 2, 2011, 10:17 P.M. Eastern

Global markets sets up U.S. stocks for positive session Monday:
Budget and debt ceiling deal appears likely Monday, as vote is pending. The real issue is the negative watch by S&P placed on U.S. credit. Traders don't see the positive ness lasting. Monday, August 1, 2011, 9:52 A.M. Eastern- corrected- 9:52a ET

We know what politicians will be doing this weekend:
Politicians need a kick in the rear to get moving. Traders can supply the kick if they get upset enough. The debt ceiling deadline gets closer and markets are beginning to react to headlines. Markets could get volatile over the next few sessions and maybe that will get Washington's attention. Maybe a large drop, or two, in stock prices will do the trick. Earnings and durable goods report become second focus for the markets today. Wednesday, July 27, 2011, 9:58 A.M. Eastern- updated- 0:00 ET

U.S. Government plays chicken with default:
Stocks move lower over world markets reaction to U.S. default.  U.S. debt default is imminent. Could cause Standard & Poor's to downgrade U.S. credit rating which would cause a worsening crises with a loss of confidence in the U.S.. Earnings and economic data takes second seat as focus will remain on debt. Monday, July 25, 2011, 9:54 A.M. Eastern, updated 7/26/2011, 9:42a ET

Stocks start mixed, end mixed:
Earnings/ guidance and the U.S. debt ceiling is in focus as well as traders eye the S&P 500 nearing July 7, 2011 high. A substantial move above the high could signal a new leg up, summer rally. Friday, July 22, 2011, 9:47 A.M. Eastern

EU News Kept The Rally Going Thursday While Traders Ignore U.S. Budget Stalemate: 
Rally on earnings started the day as traders embrace the Greece credit resolution while ignoring the U.S. budget stalemate. Stocks rallied on earnings, helped by EU - Greece deal, all the while ignoring the U.S. dilemma over the debt ceiling stalemate as the drop-dead date of August 2 approaches. Thursday, July 21, 2011, 9:54 P.M. Eastern- updated- 0:00 ET

U.S. equities get off to a mixed start:
Traders eye Washington and the debt ceiling stalemate. Markets are expected to be choppy until final budget outcome is achieved. Meanwhile, earnings guidance is the short term focus for marketeers. Thursday, July 21, 2011, 9:41 A.M. Eastern

U.S. Stocks Rally On Data, Earnings, And Debt Deal Hope Housing data and earnings was the focus for the start today:
Stocks rallied at the start on earnings and then hope that the debt crises was nearing at end. Traders were headline-chasing today with the hope that the debt ceiling and budget balancing is close to a done deal. But as things go in Washington, most likely the deal making will be drawn-out until the last minute. Tuesday, July 19, 2011, 10:11 P.M. Eastern- updated- 0:00 ET

Downgrade News No Problem For Trading, Stocks End Up Friday: 
U.S.A. debt, consumer inflation data, and earnings was the focus for Friday, July 15, 2011. Ever wonder what would happen if there was zero bad news? Traders seem to be ignoring a slew of bad news and data that would normally take the markets to the depths. U.S.A.'s debt ceiling continues to be a stalemate for the Government. Last minute deal is hoped for. Stocks ended in positive territory as headlines seem to attract attention and some don't. Earnings from Google and JPMorgan helped trades to end in positive territory ahead of more data and earnings next week. Saturday, July 16, 2011, 8:59 A.M. Eastern- updated- 00:00a ET


Traders check the chalkboard for updates:
Market Barometer displays nearly all model data-text on the mobile chalkboard. To view the chalkboard, click this linkor the link at the head of this page on the navigation bar.  Monday, June 20, 2011, 9:45 A.M. Eastern- updated 00:00a

Stocks try for a rebound Thursday on somewhat friendly data: 
We are in a period where trades are influenced by news and data. Volatility can be extreme, at times, as the market can be up one day, down the next, sometimes by 1 to 2 percent, or more. Thursday sees a moderately higher market as traders await more data and news. Jobless initial claims, this morning, was kind of friendly but claims chartshows a jobs problem in the U.S. The housing market also continues to be a problem and until the economic data looks more favorable than of late, stocks will continue to be volatile and most likely move lower through the summer months.  Thursday, June 16, 2011, 10:32 A.M. Eastern- updated 00:00a

Volatility picks up as the stock market vacillates: 
Manufacturing and CPI data released this morning showed some concerns. A decline in manufacturing in the New York region as well as consumer prices on the rise not to mention the on again Greek debt problem caused trades to favor the sell side Wednesday. The major averages were posting near 1-1/2 to 2 percent loss on the session. Wednesday, June 15, 2011, 3:51 P.M. Eastern- updated 00:00a

Weeks of selling translates into buying opportunity: 
Models see a short term pop for stocks as weeks of selling turns into buying opportunity. Dollar under some pressure while PPI data and Greece are in focus today.  Stocks Rallied one to two percent as selling abated after weeks of negative ness....  Tuesday, June 14, 2011, 9:46 A.M. Eastern- updated 10:16p

Markets may be at an inflection point this week:
Traders eye performance this week, as more downside could indicate a larger move lower for U.S. stocks. Mondays futures point the open higher as more M&A and the IMF is in focus. Question this morning, can the stock market rebound, quashing six weeks of negative ness. Mixed end Monday as trading became slower as traders gear up for economical data this week.  Monday, June 13, 2011, 9:44 A.M. Eastern- updated 9:37p

Stocks are headed for another downer:
Negative open seen for Friday.  Yesterdays oversold market got traders in a buying mood, not so early Friday. Futures drift lower suggesting a lower start to the market Friday.  The Market Barometer stock market model changed the BLI to negative this afternoon.  This indicates a move lower by the S&P 500 can be expected over the summer months. Friday, June 10, 2011, 9:20 A.M. Eastern

Thursdays Market Report:
U.S. economic recovery and how the market will do over the summer period is on traders minds and how today's market ends could be extremely important to how stocks will perform for the next several months. In addition to the U.S. recovery, the UK economy as well as unemployment in the U.S. is in focus. Thursdays regular session saw the major indexes hold onto gains as a short-term oversold market appears to be in play. A disappointing jobless new claims report has traders wondering about the recovery. We saw the market escape an almost sure downgrade of the market Friday by Thursdays very positive market. Much more downside could cascade lower this summer. Thursday, June 9, 2011, 9:18 A.M. Eastern- updated 10:37p

Wednesdays Stock Market Report:
Stocks are set for a lower start as traders come to realize that the Fed may not step in with any more economic stimulus, at least not telegraphed by Fed Chief Bernanke in his speech yesterday. How the recovery is or is not progressing is the major topic today along with keeping an eye peeled on market resistance/ support levels. Wednesday, June 8, 2011, 9:17 A.M. Eastern

Stocks tried to make it positive but dive at the close for slight loss:
Question of the day, are traders going to sell into today's gains. A positive start on Wall Street as markets eye Federal Reserve Chief Bernanke speech. Bernanke is about the only news of value for the markets during the week after the Jobs report for traders to chew on. Markets are also mulling how further the pullback/ correction can go or is today's bounce a sign of a turnabout. Tuesday, June 7, 2011, 9:46 A.M. Eastern

Stocks Off To A weak Start As The New Week Saw A Moderately Loss:
Slow news and no important economical data saw the averages drift lower as the market looks for direction. WTI oil price continues to test the $100 mark. Jobs data continues to be the key to the recovery along with a dozen other things like housing market, but jobs seems to be the big stickler, as U.S. stock market continue to sink. Monday, June 6, 2011, 5:58 P.M. Eastern

Sell off continues as jobs data disappoint markets;
Government reported 54,000 jobs created in May sets off another selling spree as traders cant wait to get out in the pre market.  Unemployment rose to 9.1 percent. The payroll jobs report sent stocks down Friday continuing weeks of selling.  Models indicate that next week could very well determine the stock markets summer future.  With little economic data scheduled, the market could continue drifting lower.  Friday, June 3, 2011, 9:16 A.M. Eastern- updated 4:56p ET

Jobs Jobs Jobs is the current topic as markets adjust for uncertainty:
ADP report, unemployment new claims, and nonfarm payroll as well as the U.S. economic recovery is the focus by traders as they sort through the data and contemplate QE3.  A big day Friday for the markets as the jobs nonfarm number coming in as expected, or even better, could be met with a ho-hum attitude and any disappointing number might be met with another sell off.  Thursday, June 2, 2011, 9:51 A.M. Eastern- updated 4:50p ET

Stocks Get Hammered Over Two Percent As Traders Were Taken Back By Jobs Data:
ADP jobs report may have finally got traders attention as stocks got sold off, losing over two percent. Jobless initial claims and nonfarm payroll reports are on deck. While the focus turned briefly to the continuing EU debt problem and home prices, traders are very concerned and refocused on jobs, or lack of, for the economic recovery. Stocks get slammed as jobs- or lack off- finally hit home with the market Wednesday, June 1, 2011. Oil prices are testing the $100 mark again and if support breaks and doesn't hold, prices could drop back to the low 90's for another test. Wednesday, June 1, 2011, 9:44 P.M. Eastern

Can Stocks Overlook Jobs Data And Continue Positive ness
ADP jobs report may have got traders attention as a new month starts out and traders look for direction. Unemployment initial claims Thursday and the nonfarm payroll report Friday is in focus Wednesday as well as EU debt troubles continue to grab headlines. Wednesday, June 1, 2011, 9:35 A.M. Eastern 

Stocks Flourish Ahead Of A Long Holiday Weekend
U.S. stocks are set to open higher, Friday, May 27, 2011, amid flat economic data; the Dollar moves lower on EU news. Friday, May 27, 2011, 9:08 A.M. Eastern- updated- 5/29/11- 11:49p ET
> Barometer Models indicate a probability, better than 50-50, that there will be a mood change next week for the worse.
> Consumer income and spending for April disappoints but has no effect on markets.
> U.S. stocks start in positive territory ahead of long holiday weekend.

Traders Boosted The Stock Market With Tech Stocks Leading The Way
GDP, jobless initial claims, and earnings/ outlook was the focus for the start as well as oil prices. The stock market started out in negative territory, with the broader market turning positive midday, following tech stocks up. Data was anything but friendly with no change in first quarter domestic production and an up tick in jobless claims. But traders overlook the bad and ugly and send stocks up anyway. Thursday, May 26, 2011, 8:56 A.M. Eastern- updated- 9:09p ET
> Unemployment new claims rose to 424,000 indicating a difficult jobs market.
> No change to GDP from previous estimate; economy grew at 1.8 percent.

Stocks End Three Sessions Of Losses But Models Are Little Changed
Look for a neutral-to-negative open Wednesday.  Durable Goods Orders, EURO, and earnings/ outlook is in focus for the start. The post open model-run is changing the Bias to negative as conditions in the stock market continue to weaken. Even though stocks had a positive day today, models continue to indicate a weaker market going into the summer months. Wednesday, May 25, 2011, 9:13 A.M. Eastern- updated- 4:33p ET
> WTI oil price breaks through the $100 bbl mark; as stocks and oil track one another.
> Conditions for stocks continue to weaken; Bias downgrade can lead to Forecast change if negative ness continues.

Tuesdays Stock Market Start Report 
Look for a neutral-to-positive open Tuesday.  A rebound from yesterdays selling is set for Tuesday's open as the focus continues on the EU debt problem and the U.S. recovery. Oil prices continue to test the $100 bbl mark.. Tuesday, May 24, 2011, 9:04 A.M. Eastern 

Head Fake Or The Beginning Of A Long Awaited Correction: 
Look for a negative open Monday.  Europe debt problems resurface for the U.S. markets again causing selling in the pre market. EU problems is the current motivator for traders to finally take profits. EU troubles give U.S. stocks a reason to sell off as the major indexes post over a 1 percent loss. Monday, May 23, 2011, 9:09 A.M. Eastern- updated- 4:50p ET

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We launched this beta website to deliver pertinent Forecast information onto high-end mobile devises for quicker access and better readability than the .com site on mobile.  The .com site can also be accessed for in-depth information. 

 
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