Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX

FLASH: Monday is the start of a new Month, a new Quarter, and new Money

As of last weeks Wall Street action have many leaders well-positioned. Some started North Friday, and are continuing.

The Northside action is with the S&P 500 and the NAS Com, have both moved laterally just above the October/December resistance Top.

This market looks good in here, as it continues to consolidate and set up Vs selling off, may well see a break out sooner rather than later, as DOJI’s are in during 3 trading sessions last week on the SPY. A move over 2834.73 is my brake out mark

That being the case Shayne and I look for more Northside and have good-looking plays ready to buy when the moves are confirmed.

And, of course we have a few Southside plays in focus too. It is good to be ready to jump in on the right calls,

Presidents Trump and Xi could dampen the good trade news that we all heard last week.

Pay attention, and remember always take what the market gives.

The Bulls Vs The Bears

Sentiment Indicators

VIX: 13.71; -0.72
VXN: 16.62; -1.37 
VXO: 14.02; -1.65 

Put/Call Ratio (PCR) CBOE: 0.88; +0.01

Bulls and Bears: Wall Street’s Bulls and Bears are holding steady positions.

The Bulls are at: 52.0 Vs 53.9 last

The Bears are at: 20.6 Vs 20.6 last

Support and Resistance

HeffX-LTN’s overall technical support and resistance outlook for the major Wall Street stock market indexes is Bullish in here

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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