Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street


Again, 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.

Some of the FAANGs are are correcting the Hockey Stick moves off of the January lows. No place to play yet,

Pay attention, it is your money so your responsibility.

The Bulls Vs The Bears

Sentiment Indicators

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’s US Major Stock Market Indexes Technical Analysis for the Week Ended 27 July 2018

Date Symbol Price Technical Analysis Support Resistance
27 July 2018 QQQ 177.62 Neutral (0.22) 177.52 179.23
27 July 2018 DIA 254.26 Bullish (0.30) 253.95 257.10
27 July 2018 SPY 281.42 Bullish (0.29) 279.84 281.95

Have a terrific week

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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