US Housing Starts Decline, Building Permits Stabilize

US Housing Starts Decline, Building Permits Stabilize

US Housing Starts Decline, Building Permits Stabilize $DIA, $SPY, $QQQ, $VXX US home-building declined in December on a slowdown in the construction of single-family housing units following 2 months of strong gainers. Housing starts decreased 8.2%to a seasonally adjusted annual rate of 1.192-M units, the Commerce Department said on Thursday. November’s sales pace was revised up to […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Nothing New. PE DJIA at 26115.65, +1.25% now has 1st resistance near 26200, if it holds, may see a dip to 25600-25800. DAX at 13183.96, -0.47% look headed to 13000 near term or stay in pause mode for a few sessions. The 3-Day candle signals some more Bearish […]

DJIA Up Almost 8,000 pts Since Donald Trump’s Election

DJIA Up Almost 8,000 pts Since Donald Trump’s Election

DJIA Up Almost 8,000 pts Since Donald Trump’s Election $DIA, $SPY, $QQQ, $VXX DJIA Up almost 8,000 points since Donald Trump’s Election! US Energy Sector a Key Driver for the Economy US stocks spiked Wednesday and the DJIA closed above 26,000 for the 1st time as investors’ expectations for higher earnings lifted stocks across all […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Nothing New. PE DJIA at 25792.86, +0.04% dipped slightly from 26100, but while it traded above 25500, DJIA looks Bullish medium term to me. Note: Key resistance is now seen at 26100 on the dailies. DAX at 13246.33, +0.35% has room to test at 13400, and […]

DJIA Marks 26,000, Trump Rally Makes History

DJIA Marks 26,000, Trump Rally Makes History

DJIA Marks 26,000, Trump Rally Makes History $DIA, $SPY, $QQQ, $VXX Wall Street’s 3 major market indexes rose sharply Tuesday, with the DJIA hitting the 26,000 mark for the 1st time, as Q-4 earnings season opened in earnest. The DJIA broke above 26,000, the Key resistance, for the 1st time early in the session, paused and […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Again, hitting my targets, no predictions yet, but the sentiment is high and the momentum is Strong in here. DJIA look Very Bullish to me 26,000 in sight, that is the Key resistance. DJIA +228.46 at 25803.19, NAS Comp +49.28 at 7261.06, S&P 500 +18.68 at 2786.24 NAS Comp: +5.2% YTD DJIA: +4.4% […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: World stocks are overall mixed, almost all indices have rallied enough in the past few months and are likely to come off some, they lack any Bearish momentum and are unable to see follow through selling. We will see if they can power through the resistance barrier […]

President Trump: ‘American Business is Hot Again!’

President Trump: ‘American Business is Hot Again!’

President Trump: ‘American Business is Hot Again!’ $JPM, $FCAU, $SPY, $QQQ, $DIA Optimism Among Small-Business Owners Soars on the Trump Effect Early Saturday, US President Donald Trump lauded the economy in a Tweet that pointed out Friday’s stock market report while announcing that “jobs are coming back to America.” ” Yesterday was a big day […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Global stocks are all stable now. PE DJIA at 25574.73, +0.81% and upside may not be over. A test of 25200-25000 is possible before again moving to 25400-25600  medium term. Overall DJIA is in an uptrend and is likely to continue. Remember, the trend is your friend. […]

The Trump Bull Market Extends, Wall Street at Record Highs

The Trump Bull Market Extends, Wall Street at Record Highs

The Trump Bull Market Extends, Wall Street at Record Highs $DIA, $SPY, $QQQ, $VXX Buy the dip mentality kicked in Thursday following the 1st dip of the year Wednesday; small caps, transports lead Bull Charge The Wall Street Bulls drove stocks to new highs Thursday as rising Crude Oil prices lifted energy stocks and upbeat […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Global stocks look mixed in here, but DJIA looks Bullish. PE DJIA at 25369.13, -0.07% looks Bullish to 25400-25600 as mentioned earlier. DAX at 13281.34, -0.78% is finding it difficult to hold a break above 13400, while below that, DJIA could also come off to 13200-13000 soon. Near […]

Gold Beat ‘The Street” Since the Fed Raised Rates

Gold Beat ‘The Street” Since the Fed Raised Rates

Gold Beat ‘The Street” Since the Fed Raised Rates $DIA, $SPY, $QQQ, $GLD, $VXX, $USD Gold’s outperformed most major assets since the Fed last month raised interest rates last month, it even is beating Bitcoin. Since the December Fed rate hike, Gold is beating stocks, the USD and Bitcoin, Unless USD weakness reverses, Gold should […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Stocks look Bullish. PE DJIA at 25385.80, +0.41% is headed to 25400-25600 as mentioned last week. DJIA look Bullish to me. DAX 13385.59, +0.13% is trading at major resistance at 13400. In case it holds, DAX could come off to 13200 or lower, or it could move up to […]

Trump Rally Extends, Wall Street Marks New Record Highs

Trump Rally Extends, Wall Street Marks New Record Highs

Trump Rally Extends, Wall Street Marks New Record Highs $DIA, $SPY, $QQQ, $VXX  The Trump Rally extends into the New Year for a 6th straight session Economically, if there ever was an “insane” President it was Barack Hussein Obama, HeffX-LTN Industry Watch List Strong: Financials, Healthcare, Industrials Weak: Energy, Technology, Consumer Staples, Utilities, Telecom Services, Real Estate […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Stocks look Bullish. PE DJIA at 25283.00, -0.05% was quiet Monday. There is room for a move to 25400-25600 before a dip or consolidation is seen. Overall, DJIA looks Bullish to me. DAX at 13367.78, +0.36% closed below resistance at 13400, while that holds, DAX could pause awhile before […]

The US Stock Market is ‘Melting Up’

The US Stock Market is ‘Melting Up’

The US Stock Market is ‘Melting Up’ $DIA, $SPY, $QQQ US stocks rose for a 5th day running, with technology shares bolstering major indexes, as the market’s investors continue to price in the impact of tax cuts before corporate earnings season begins later this week. The S&P 500 Index rose 0.2% to a record 2,747.43 as of […]

President Trump is ‘Crazy Like a Fox’, Investors Not Afraid

President Trump is ‘Crazy Like a Fox’, Investors Not Afraid

President Trump is ‘Crazy Like a Fox’, Investors Not Afraid $DIA, $SPY, $QQQ, $VXX US stocks rose for a 5th day running, with technology shares bolstering major indexes, as investors continue to price in the impact of tax cuts before corporate earnings season begins later this week. The S&P 500 Index rose 0.2% to a […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Again, hitting my targets, but no predictions yet. Friday’s finish: DJIA +220.74 at 25295.87, NAS Comp  +58.64 at 7136.56, S&P 500 +19.16 at 2743.15 NAS Comp: +3.4% YTD S&P 500: +2.6% YTD DJIA: +2.3% YTD Russell 2000: +1.6% YTD The Big Q: Will the managed money keep coming in? The Big A: It […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Stocks look Bullish. PE DJIA at 25295.87, +0.88% finished above 25000 Friday, breaking above the weekly resistance. We may well see a rise to 25400-25600 near term. DJIA looks Bullish in here to me. DAX at 13319.64, +1.15% broke above 13200 . This rise may re-test at […]

The Trump Rally Extends, Stocks Marked Record Highs Each Day This Week

The Trump Rally Extends, Stocks Marked Record Highs Each Day This Week

The Trump Rally Extends, Stocks Marked Record Highs Each Day This Week $DIA, $SPY, $QQQ, $VXX Stocks extend New Year rally for 4th session running. Friday, President Donald Trump pointed out that the DJIA has risen to all-time record highs on his “Make America Great Again” agenda. At the close Friday, the DJIA rose to  , […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN DJIA at 25075.13, +0.61% is trading just above weekly support at 25000, while the daily and the 3-Day candles show some more room to the Northside. DJIA could trade sideways for a few sessions before try move up to 25400. DAX at 13167.89, +1.46% continues to trade […]

The Trump Bull Market Charges Into 2018, DJIA Breaks 25,000

The Trump Bull Market Charges Into 2018, DJIA Breaks 25,000

The Trump Bull Market Charges Into 2018, DJIA Breaks 25,000 $DIA, $SPY, $QQQ, $VXX The macro indicators are telling investors that world economies are doing really well under President Trump’s MAGA policies. Thursday, the DJIA broke above the 25,000 for the 1st time, and other major US indexes posted new records, driven by strong US […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN DJIA at 24922.68, +0.40% stayed below 25000 during the Christmas Holiday week, and could now attempt to move towards resistance near 25400 on the daily candles over the next 2 of weeks. DAX at 12978.21, +0.83% tested support near 12767 on 2 January, and is now seeing […]

US Stocks Post Record Highs, as Trump Rally Extends

US Stocks Post Record Highs, as Trump Rally Extends

US Stocks Post Record Highs, as Trump Rally Extends $DIA, $SPY, $QQQ, $VXX  All 4 major US stock market indices finished at new all-time highs The S&P 500 Index surged past the 2,700-mark Wednesday and other major indexes hit record intra-day highs as technology stocks climbed on indications of strong economic growth in the US […]

The Trump Stock Market Rally Defied the Naysayers in 2017

The Trump Stock Market Rally Defied the Naysayers in 2017

The Trump Stock Market Rally Defied the Naysayers in 2017 $DIA, $SPY, $QQQ, $VXX Year 2017 was  full of surprises but market reactions defied conventional wisdom, leaving many a prognosticator 180 degrees out of phase.. Take the global economy; it was strong, yet bond yields went nowhere. NKorea threatened nuclear war, and volatility in US […]

Wall Street Sees Continuing Rise in 2018, Healthy 10-15% Correction Expected

Wall Street Sees Continuing Rise in 2018, Healthy 10-15% Correction Expected

Wall Street Sees Continuing Rise in 2018, Healthy 10-15% Correction Expected $DIA, $SPY, $QQQ, $VXX The Bull Market is on track to mark its 9th birthday on 9 March 2018, with the S&P 500 climbing 19.4% in Y 2017, its biggest run since 2013. The drop in the corporate tax rate in Y 2018, to […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: The major stock market indexes pre-New Year will remain quiet without much movement. PE DJIA +28.09 at 24774.30, NAS Comp +3.09 at 6939.34, S&P 500  +2.12 at 2682.62 Volume: Trade on the NYSE was light at 548-M/shares exchanges. NAS Comp: +28.9% YTD DJIA: +25.3% YTD S&P 500: +19.8% YTD S&P Midcap 400 Index: +14.8% YTD […]

US Pending Home Sales Higher, Housing Supply Short

US Pending Home Sales Higher, Housing Supply Short

US Pending Home Sales Higher, Housing Supply Short $DIA, $SPY, $QQQ, $VXX More people signed contracts in November to buy homes, with pending sales rose 0.2% as the US housing market copes with a dwindling supply of properties on the market. The National Association of Realtors said Wednesday that its index of pending home sales was 109.5 […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: As the major stock market indexes move pre-New Year stocks will remain quiet without much movement. PE Thin Christmas Holiday trade as various markets closed in Asia/Europe including: Hong Kong, Australia, New Zealand, France, Germany, Spain, Switzerland, UK and Italy. DJIA -7.85 at 24746.21, NAS Comp -23.71 at 6936.25, S&P 500 -2.84 at 2680.50 It was a […]

US Economy Ready for an Investment Boom and Strong Growth

US Economy Ready for an Investment Boom and Strong Growth

US Economy Ready for an Investment Boom and Strong Growth $DIA, $SPY, $QQQ, $VXX We here at HeffX-LTN are optimistic about America’s economic future now that President Trump and GOP lawmakers have kept their promise of a sweeping tax reform. “I think the economy is on the verge, which you heard me say this, because of the […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX What we saw in the US stock market last week was not damaging to the technicals. The DJI and S&P 500 are extended, but the action this week did not suggest they ready to roll over. That may come as the market moves into the New Year, […]

Top-Ranked US Economist Sees Strong Growth in 2018

Top-Ranked US Economist Sees Strong Growth in 2018

 US Economist Sees Strong Growth in 2018 $DIA, $SPY, $QQQ, $VXX A top-ranked US economist last year predicted that real US economic growth would reach 3% in Y 2017. “With a tax cut package finally passed by Congress, growth is likely to remain robust as we head into 2018,” Steven Stanley said. “The economy’s 2% […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: The major stock market indexes will move into Holiday mode from next week, equities may remain quiet without much movement. Some range-trade looks likely near current marks. PE DJIA at 24782.29, +0.23% is trading below 25000 and could remain sideways Friday, with narrow movement within 25000-24600. And, there […]

President Trump’s Tax Cuts Will Lead to ‘Higher Standard of Living’

President Trump’s Tax Cuts Will Lead to ‘Higher Standard of Living’

President Trump’s Tax Cuts Will Lead to ‘Higher Standard of Living’ $DIA, $SPY, $QQQ, $VXX Thursday, Steve Forbes predicted that the GOP tax-reform legislation will spark investment that ultimately lead to “a higher standard of living” for all Americans. “We’ve had, as you know, sub-par investment for a decade,” the Chairman and Editor-in-Chief of Forbes Media […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: News stating lower US tax rates for consumers, bankers and retailers will continue boosting to US stocks.PE DJIA at 24726.65, -0.11% has major resistance at 24900, while that holds, DJIA could spend time ranged within 24900-24700. A possible dip to 24600 or lower looks likely before next up-leg […]

President Trump’s Tax Reform to Drive Stock Market Higher

President Trump’s Tax Reform to Drive Stock Market Higher

President Trump’s Tax Reform to Drive Stock Market Higher $DIA, $SPY, $QQQ, $VXX  The biggest reform of the US tax system in more than 30 years won final approval by lawmakers Wednesday, we expect it to drive a continuing rally in technology issues that has driven Wall Street to record highs this year. The Trump […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: The US Republicans lawmakers will send their tax reform plan to President Trump this week, news stating lower tax rates for bankers and retailers is giving a boost to US stocks.PE DJIA at 24754.75, -0.15% came off after testing at 24800 Tuesday. DJIA may remain stable for another session […]

US Growth is Expected to Stay Above the Forecast Rate

US Growth is Expected to Stay Above the Forecast Rate

US Growth is Expected to Stay Above the Forecast Rate $DIA, $SPY, $QQQ, $VXX Econ 101: no inflation no growth. Investors have been underestimating the importance of US economic growth for Fed policy, and giving too much relative emphasis to inflation and wage data that have tended to disappoint expectations, If it starts looking more […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Expectations that the US Republicans lawmakers sen their tax plan to President Trump this week plus news stating lower tax rates for bankers and retailers is giving a boost to US stocks.PE DJIA 24792.20, +0.57% is headed to 25000 and it could happen faster than expectations. Near […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX As expected the Fed hiked interest rates as expected. Much more data to come this week, including: Housing starts, Existing Home Sales, GDP third, Philly Fed, Leading indicators, Personal income and spending, Durable Goods Orders, New Homes, Michigan Sentiment. Overall, the US economic data is […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Nothing new.PE DJIA at 24651.74, +0.58% could spend a few sessions sideways before moving up to 24800 or higher. Near term looks Bullish to me. DAX at 13103.56, +0.27% rose from 13000, but while below 13150, chances of a fall again to 12900 remains. A clear break […]

Bear Market Volatility, 200 Day Count in this Bull Market

Bear Market Volatility, 200 Day Count in this Bull Market

Bear Market Volatility, 200 Day Count in this Bull Market $DIA, $VXX, $GLD Anything I say this week may appear foolish this Friday. Unless something big happens, this is my last article for 2017.  I plan to submit my next for the weekend of January 13-14.  I do not expect my readers will be missing […]

President Trump Predicts ‘Monumental’ Tax Bill Will Pass

President Trump Predicts ‘Monumental’ Tax Bill Will Pass

President Trump Predicts ‘Monumental’ Tax Bill Will Pass $DIA, $SPY, $QQQ, $VXX US Stocks Hit New Records As Tax Reform Looks Likely Friday, President Donald Trump says he has seen the latest version of the $1.5-T tax overhaul package moving through Congress and he predicts it will do “very, very well.” The President told reporters […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Nothing new.PE DJIA at 24508.66, -0.31%) has weekly resistance near 24700 and if that holds, the index could enter into a sideways consolidation mode within 24700-24000 before again moving up towards 25000 in the longer term. DAX at 13068.08, -0.44% came off sharply to re-test 12900 […]

Hussein Obama-era ‘Net Neutrality’ Rules Shredded

Hussein Obama-era ‘Net Neutrality’ Rules Shredded

Hussein Obama-era ‘Net Neutrality’ Rules Shredded $DIA, $SPY, $QQQ, $VXX The Federal Communications Commission (FCC) has voted to undo sweeping Hussein Obama-era “net neutrality” rules that guaranteed equal access to internet, shredding further his anti-business legacy The agency’s Democratic commissioners dissented in the 3-2 vote Thursday. The FCC’s new rules could usher in big changes […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Fed hiked interest rates by 25bpts as expected, has not impacted the DJIA much.PE DJIA at 24585.43, +0.33%) inched up to test 24666 before closing at slightly lower levels yesterday. We continue to look at important resistance near 24800 and while that holds, Dow could come off sharply […]

US Stocks at Record Highs as Fed Hikes Rates

US Stocks at Record Highs as Fed Hikes Rates

US Stocks at Record Highs as Fed Hikes Rates $DIA, $SPY, $QQQ, $VXX The Trump Rally Extends The Fed followed through on an expected interest-rate increase and raised their forecast for economic growth in Y 2018. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further,” the Federal Open Market […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24504.80, +0.49%, and DAX at 13183.53, +0.46% are up about 0.50%. While DJIA has room to rise to 24600, DAX does not look very Bullish while below resistance at 13200. Note: DAX could test to 13000, while DJIA inches up near term. Nikkei at […]

S&P 500, DJIA at Record Marks, as Bank Stocks Gain

S&P 500, DJIA at Record Marks, as Bank Stocks Gain

S&P 500, DJIA at Record Marks, as Bank Stocks Gain $DIA, $SPY, $QQQ, $VXX Tuesday, the S&P 500 and the DJIA marketrecord levels in early afternoon trading as Boeing (NYSE:BA)rose and bank stocks gained ahead of a near certain move by the Fed to raise interest rate. Losses in technology heavyweights, including Apple (NASDAQ:AAPL), and […]

Americans’ Economic Confidence Is Strong

Americans’ Economic Confidence Is Strong

Americans’ Economic Confidence Is Strong $DIA, $SPY, $BA Americans’ confidence in the economy remains strong heading into the final weeks of the Christmas Holiday shopping season. Gallup’s U.S. Economic Confidence Index registered +7 last week, similar to the prior week’s score of +9 and close to this year’s average of +6. Americans’ low expectations for how the […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24386.03, +0.23% looks to be heading to 24600 in here. Movement could be small and narrow, but looks positive near term to me. DAX at 13123.65, -0.23% came off a bit, and remains below 13200. Looking at the 3-day and the weekly candle, there […]

President Trump’s Tax Cuts Promote Growth, Reduce Deficit

President Trump’s Tax Cuts Promote Growth, Reduce Deficit

President Trump’s Tax Cuts Promote Growth, Reduce Deficit $DIA, $SPY, $QQQ, $VXX Market Notes Stocks rose to new all-time highs with technology and energy shares pacing the advance as The Trump Rally extends The CBOE launched Bitcoin (BTCUSD)futures trading Sunday evening. The 1-month futures contract was trading at around $18,600 at the stock market’s closing bell. […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The rising stock prices and steady increases in home values powered American household wealth to $96.9-T this Fall, the Fed said last Thursday. US wealth has made a remarkable comeback since the Great Recession, when it dove more than $10-T to $56.2-T, not adjusted for […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24329.16, +0.49% looking North to 24600-24800. Near to medium term support is at 24000 which is likely to hold in here. DAX at 13153.70, +0.83% tried to break out after some sideways consolidation within 13200-12900 While DAX remains above 13000-13100, there could be some […]

The Step Sum Boxes for DJIA and Gold

The Step Sum Boxes for DJIA and Gold

The Step Sum Boxes for DJIA and Gold $DIA, $GLD, $SLV Once again, the DJIA, aka Dow Jones, closed the week at a new all-time high, another BEV Zero in the Bear’s Eye View chart below. That makes 82 new all-time highs since last November’s Presidential election. That’s 30% of the Dow Jones’ daily closings […]

Rising Stocks, Home Values Driving American Household Wealth

Rising Stocks, Home Values Driving American Household Wealth

Rising Stocks, Home Values Driving American Household Wealth $DIA, $SPY, $QQQ, $VXX Rising stock prices and steady increases in home values powered American household wealth to $96.9-T, the Fed said Thursday. US wealth has made a remarkable comeback since the Great Recession, when it dove more than $10-T to $56.2-T.   The Fed’s latest figures […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24211.48, +0.29% bounced up Thursday. Daily candle support is seen near 24000. A test of 24000 is possible before the index rises back to 24600. DAX at 13034.88, +0.28% remain in its sideways consolidation mode and could spend some more time there, say a […]

All Savvy Market Investors Are Prepared for a 10% Correction

All Savvy Market Investors Are Prepared for a 10% Correction

All Savvy Market Investors Are Prepared for a 10% Correction $DIA, $SPY, $QQQ, $VXX All savvy investors know that it is just a matter of time before this Bull market leg hit end and the market will have a healthy 9-11% correction. A 10% correction could come at any time, and particularly when the market […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24140.91, -0.16% is falling as expected and could test 24000-23750, before resuming its rise to 24500. DAX 12998.85, -0.38% rose sharply from near 12900. Sideways consolidation is likely to continue for the week before DAX show us direction. Nikkei at 22457.74, +1.27% tested […]

US Wage Gains Stalled Despite Robust Jobs Market, Strong Economy

US Wage Gains Stalled Despite Robust Jobs Market, Strong Economy

US Wage Gains Stalled Despite Robust Jobs Market, Strong Economy $DIA, $SPY, $QQQ, $VXX The US Jobs Market is “Red Hot” The ADP estimate of November private sector job gains was solid. The increases were across the board as most industries and all sizes of businesses added workers solidly.  The 40,000 increase in manufacturing payrolls […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Global indices are trading weak Wednesday. China looks weak near term, while DJIA and DAX could be in a short term consolidation mode. Nikkei and the Indian markets also look weak, too. PE DJIA at 24180.64, -0.45% has come down as expected on its way to test […]

President Trump’s Tax Reform ‘Is a Game-Changer, a Whopper’

President Trump’s Tax Reform ‘Is a Game-Changer, a Whopper’

President Trump’s Tax Reform ‘Is a Game-Changer, a Whopper’ $DIA, $SPY, $QQQ, $VXX Tuesday,  Steve Schwarzman, the Chairman and CEO of Blackstone, said President Donald Trump’s tax-reform quest is a “game changer.” The former adviser to President that the tax bill was “actually a game changer because there has been enormous frustration in terms of […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI DJIA at 24290.05, +0.24% tested above 24500 Monday before coming off. A fall to 24000 looks likely in the next few sessions. DAX at 13058.55, +1.53% rose to 13100 Monday and has managed to stay above 13000. Near term could see some sideways consolidation within 13200-12900, as mentioned […]

DJIA Post Another Record, Investors See Tax Cuts Ahead

DJIA Post Another Record, Investors See Tax Cuts Ahead

DJIA Post Another Record, Investors See Tax Cuts Ahead $DIA, $SPY, $QQQ, $VXX The DJIA marked aother record high Monday, with banks and retailers surging and tech falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts. The S&P 500 ended with a small loss after hitting an intra-day all-time […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Growth in US GDP at an annualized rate of 3.3% in the past Quarter boosted a rise in the stock market last week and month. PE DJIA at 24231.59, -0.17% is testing channel resistance on the daily and could trade in the 23800-24400 range for 2-3 days before […]

Equity Investors in ‘Risk On’ Mode for Fear of Missing Out

Equity Investors in ‘Risk On’ Mode for Fear of Missing Out

Equity Investors in ‘Risk On’ Mode for Fear of Missing Out $DIA, $SPY, $QQQ, $VXX Wall Street’s fear of missing out on this extending Trump Rally is “trumping” all if any political risk in Washington, DC. The countdown on the GOP’s efforts to cut corporate taxes has virtually ended, its a deal, now the risk […]

Wall Street Held Weekly Gains on a Volatile Trading Day,Traders Bought the Dip 

Wall Street Held Weekly Gains on a Volatile Trading Day,Traders Bought the Dip 

Wall Street Held Weekly Gains on a Volatile Trading Day, Traders Bought the Dip $DIA, $SPY, $QQQ, $VXX US stocks fell Friday after a report the  former US national security adviser Michael Flynn was prepared to tell investigators that before taking office President Donald Trump had directed him to make contact with Russians. Does not […]

Gold, Crude Oil Prices Solid as DJIA Heads Towards 25,000

Gold, Crude Oil Prices Solid as DJIA Heads Towards 25,000

Gold, Crude Oil Solid as DJIA Heads Towards 25,000 $GLD, $SLV, $USO, $DIA The DJIA hit new all-time highs Thursday breaking the psych mark at 24000 easily. The DJIA future contract for December delivery hit the highest mark at 24 ,039, in extension of uninterrupted Bull run which extended into a 6th day running. No […]

President Trump’s Policies Have Investors In a Happy Frame

President Trump’s Policies Have Investors In a Happy Frame

President Trump’s Policies Have Investors In a Happy Frame $DIA, $SPY, $QQQ, $VXX Iconic investor, Carl Icahn said the market’s rise to record highs shows signs of euphoria, when investors think they can do no wrong and they have been right since 8 November 2016 when Donald J. Trump was elected President. “I really think […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Growth in US GDP at an annualized rate of 3.3% in the past Quarter boosted a rise in the stock market. PE DJIA at 23940.68, +0.44% rose to marks above my target at 23900 and beyond the immediate resistances. Now DJIA looks strongly Bullish and could target levels […]

Economy Steams Ahead Under President Trump’s Deregulation Policy

Economy Steams Ahead Under President Trump’s Deregulation Policy

Economy Steams Ahead Under President Trump’s Deregulation Policy $DIA, $SPY, $QQQ, $VXX Fed Chairwoman Janet Yellen, in her final testimony to Congress as head of the central bank, described a steadily brightening picture for the US economy while downplaying the risks of financial instability. “The economic expansion is increasingly broad based across sectors as well […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices continue to look Neutral to Bullish. PE DJIA at 23836.71, +1.09% has risen sharply and is trading above my target at 23800. Resistance is visible near here, which if holds, may push the index back towards 23500, or a clear break above 23850 will drive Dow to 24000, […]

Stocks Run to Fresh Record Highs on Powell’s Comments

Stocks Run to Fresh Record Highs on Powell’s Comments

Stocks Run to Fresh Record Highs on Powell’s Comments $DIA, $SPY, $QQQ, $VXX Wall Street indexes moved to fresh records  Tuesday after Fed Chairman nominee Jerome Powell’s comments on interest rate hikes and deregulation fired inspired investors. JPMorgan (NYSE:JPM), and Bank of America (NYSE:BAC) up about 2%, setting up the S&P financial index for its […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices continue to look Neutral to Bullish. PE DJIA at 23580.78, +0.10% looks to test at 23750-23800 in here. Movement is narrow and stable so the rise may take a few sessions to materialize before again coming off towards 23500 or lower. Near term looks stable to Bullish to […]

Investors Buy the Dips, Market Continues to Extend The Trump Rally

Investors Buy the Dips, Market Continues to Extend The Trump Rally

Investors Buy the Dips, Market Continues to Extend The Trump Rally $DIA, $SPY, $QQQ, $VXX Strategy: In an uptrend, when markets fall, buy. 2 weeks ago stocks encountered headwinds and a wide range of risk assets came under pressure in the week ended 18 November, and some market observers again declared the end of what […]

Cyber Monday Online Sales Spike 17% to Record Highs

Cyber Monday Online Sales Spike 17% to Record Highs

Cyber Monday Online Sales Spike 17% to Record Highs Cyber Monday is pacing to become the biggest-ever Internet shopping day in the United States as many more Americans shopping on their phones. Adobe Analytics, a leading collector of e-commerce data, said Cyber Monday is expected to generate $6.6-B in sales, up from $5.6-B a year […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Wall Street analysts are predicting another up year for the S&P 500 Index (SPY) It is worth taking notice what would be accomplished if that prediction happens. At 2,800, the average estimate of 9 strategists tracked points not only to another year of all-time highs, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices continue to look Neutral to Bullish. PE DJIA at 23557.99, +0.14% moving to 23600, my medium term target at  23750-23800 remains. The rise could be slow and small and could take some time to reach 23800. Note: 23800 could act as major resistance and could keep the index […]

We Are Seeing Wall Street Rally Under President Trump

We Are Seeing Wall Street Rally Under President Trump

We Are Seeing Wall Street Rally Under President Trump $SPY Wall Street analysts are predicting another up year for the S&P 500 Index (SPY) It is worth taking notice what would be accomplished if that prediction happens. At 2,800, the average estimate of 9 strategists tracked points not only to another year of all-time highs, […]

US Stock Indexes Post Record Highs, Tech and Energy Outperform

US Stock Indexes Post Record Highs, Tech and Energy Outperform

US Stock Indexes Post Record Highs, Tech and Energy Outperform $DIA, $SPY, $QQQ, $VXX On this sleepy Friday The Trump Rally extended, as stocks set more records in post-Holiday trading as technology companies outperformed, and Energy companies rose with the price of Crude Oil. The Standard & Poor’s 500 index rose 5.34 points, or 0.2%, to […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices continue to look Neutral to Bullish. PE DJIA at 23526.18, -0.27% was closed Thursday, I see a chance of testing 23750-23800 near term. Range trade within 23400-23800 to continue, on a breakout see 24,000. DAX at 13008.55, -0.05% saw an intra-day low at 12921 Thursday before bouncing to […]

Many American’s Will Shop at Real Stores this Holiday Season

Many American’s Will Shop at Real Stores this Holiday Season

Many American’s Will Shop at Real Stores this Holiday Season $DIA, $SPY, $QQQ, $VXX A recent Gallup survey shows that while a majority of Americans will shop online for holiday gifts, traditional brick-and-mortar stores are not dead. 65% of US adults say they are likely to shop online for Christmas gifts this year, up 12% […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices are all traded higher Tuesday, an continue to look Bullish. PE DJIA at 23590.83, +0.69% rose as expected to near 23600. There is room on the Northside to 24000 and higher on the weekly candles, the 3-day and dailies suggest little room on the Northside with resistances coming […]

Stocks World Wide at Record Highs

Stocks World Wide at Record Highs

Stocks World Wide at Record Highs $DIA, $SPY, $QQQ, $VXX. $DAX The Trump Bull Market Rally is Up and Running Major world stock markets rallied and government bond yields fell Tuesday as strong corporate profits, steady global growth and low inflation provide few alternatives for investors outside of stocks. Equity markets from Asia to Europe […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices are all trading higher Tuesday. Sideways consolidation is possible near term if not a immediate rise. PE DJIA at 23430.33, +0.31% is stable, while above 23200, there is room to move to 23600. Sideways consolidation is likely to continue in here. DAX at 13058.66, +0.50% is holding […]

US Leading Indicators Signal Solid Growth

US Leading Indicators Signal Solid Growth

US Leading Indicators Signal Solid Growth $DIA, $SPY, $QQQ, $VXX US economic leading indicators rose by 1.2% in October, 2X as much as the 0.6% increase expected by economists polled. The index is a closely followed indicator on economic health. The index “suggests that solid growth in the US economy will continue through the holiday […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season is finishing up, and the indices performed well through out the season, keeping the October/November move alive. Options Expiration saw some adjustments, just as a consolidation in NAS Comp and some big names broke higher, but then saw some selling on expiry. How those issues work […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Most major indexes are trading weaker. PE DJIA at 23358.24, -0.43% can still test at 23600, while trading above 23200. But in case DJIA breaks below 23200, a test to 23000 is possible before resumes the uptrend. DAX at 12993.73, -0.41% was unable to move above 13100. So, […]

Tax Cuts Do Boost Large and Small Business Investment

Tax Cuts Do Boost Large and Small Business Investment

Tax Cuts Do Boost Large and Small Business Investment $DIA, $SPY, $QQQ, $VXX Fact: Lower corporate tax rates will lead to more investment projects and thus more aggregate economic activity. When companies, big and small, have more “free cash” at hand, they tend to invest more, and this effect is distinct from any effect of […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Overall global stocks look Bullish on the US House passing it tax reform bill. PE DJIA at 23458.36, +0.80% bounced back sharply from above 23200 levels contrary to expectations. While there is still room to test 23000, while that holds a rally to 23600-23700 looks likely medium […]

Homeownership Does Not Build Wealth Like Other Investments

Homeownership Does Not Build Wealth Like Other Investments

Homeownership Does Not Build Wealth Like Other Investments $DIA, $SPY, $QQQ, $VXX A home is a place to live, raise ad family and thrive, if it goes up in value it is a lucky extra Homeownership is necessarily better than paying rent, according to a study Florida Atlantic University, Florida International University and the University […]

House of Representatives Pass ‘Sweeping’ Tax Reform Bill

House of Representatives Pass ‘Sweeping’ Tax Reform Bill

House of Representatives Pass ‘Sweeping’ Tax Reform Bill Bulls Take Control of Financial Markets $DIA, $SPY, $QQQ, $VXX The House of Representatives approved a package of tax cuts affecting businesses, individuals and families Thursday, moving Republicans and President Donald Trump an important step closer to the biggest tax code overhaul in a generation. The largely […]

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