Commentary: Paul Ebeling on Wall Street
$DIA, $SPY, $QQQ, $RUTX
The big cap indexes are set up well. The small and mid-caps are near the old highs and testing. Earnings are set up, ready to drive market North.
The Big Q: Will the EPS provide the catalyst?
The Big A: Yes, accompanied with good guidance
Picking good entries after EPS reports is the preferred method as the data is out.
Pay attention, it is your money so your responsibility.
The Bulls Vs The Bears
VIX: 12.86; -0.01
VXN: 17.11; -0.24
VXO: 11.41; +0.05
Put/Call Ratio (PCR) CBOE: 0.98; +0.08
The Bulls bounced up from 47.1 after the rise and drop. Overdone to the Southside as people turned negative, as the market
bounced. 55.3 is not too high, it was over 60 recently there is more room,
The Bulls are at: 55.3 Vs 52.4 last
The Bears are at: 18.5 Vs 18.5 last
Support and Resistance
HeffX-LTN major stock market indexes technical analysis for the week ended 20 July 2018
Have a terrific week.
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