Home 2021 Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

by Paul Ebeling

#PaulEbeling #WallStreet 

$DIA $SPY $QQQ $RUTX $SOX $VXX

The Bulls are still running, despite the political scenario” — Paul Ebeling

Last Week’s Action

The Small-cap Bulls are running and driving those stocks due North on the notion of a Biden admin $1.9-T aid/relief/stimulus package and Johnson & Johnson’s (NYSE:JNJ) new vaccine.

Our technical indicators, sentiment and fundamental internals are beginning to look and feel extreme.

The leaders action is solid, but the indicators are flashing Yellow now. Airlines are setting up in advance of the Treasury’s bailout, I expect they will join other transportation stocks in good moves.

Friday was options expiry and earnings earnings kick off, for most of the market the action was positive.

Ahead of the expiry, Thursday, it was the Russell 2000’s turn to lead the market again. The small-cap stocks are the ‘hot’ tickets in here. And they have been since late October, driving hard through November, and most of December, then consolidated into the New Year. Then, got up to run again.

Ah, the January Effect, some say it is passé. On the right side of the trade it is a major happening.

Technically all of the US benchmark stock indexes look Bullish to Very Bullish in here, though there are Yellow lights flashing in the distance, so be prepared because Mr. Biden’s admin is some what anti-business, and Wall Street is concerned.

What to expect this week

Prepare your portfolios for a downturn, meaning add gold at these support prices, take some profits, and keep your powder dry.

Remember, pay attention, things can reverse on a dime, so, since it is your money, it is your responsibility.

Have a healthy week, Keep the Faith, the Trump Era is not over yet!

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.