Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

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

FLASH: Some analysts think there may not be enough leadership to move the market higher now.

Savvy money is playing quality to the Northside. At the same time there are good Southside setups that we are watching carefully for the break South

Southside action delivers fast gainers, but what falls hard usually bounces high in relief moves before rolling over. If you learn how to play the Southside you will find gainers come easily and faster than in a strong move North. 

Remember, it is your money so, your responsibility. Pay attention.

The Bulls Vs The Bears

Sentiment Indicators

VIX: 15.96; +0.67 
VXN: 19.39; +0.99 
VXO: 17.03; +0.84 

Put/Call Ratio (PCR) CBOE: 1.09; +0.07.

Note: 8 of 9 sessions over 1.0.

The Bulls are at: 51.4 Vs 55.5 last

The Bears are : 17.5 Vs 17.8 last

Support and Resistance

HeffX-LTN’s overall technical outlook for Wall Street’s major US stock market from the support and resistance perspective 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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