# Commentary: Paul Ebeling on Wall Street, the Trend is Bullish Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/commentary-paul-ebeling-on-wall-street-the-trend-is-bullish Last modified: 2021-04-19 --- By Paul Ebeling · 2021-04-19 Tags: Stocks, DIA, SPY, QQQ, Headline News, Paul Ebeling, SOX, US Stocks, OTC Markets, Futures, Opinion, Paul Ebeling, RUTX, Dow Jones, Nasdaq, 2021, WallStreet, PaulEbeling Signed: no (published before platform launch). Nothing in this article is investment advice. #WallStreet #PaulEbeling $DIA $SPY $QQQ $RUTX $SOX $VXX "*There is a saying on Wall Street that goes like this, "The trend is your friend until the end." Well, the trend in the S&P 500 has been extremely Bullish over the past 3 wks, and the market respects the trend"*--Paul Ebeling  What happened last week We saw new highs on the S&P 500, DJIA and the mid-cap S&P 400. The NAS Comp, despite all the help from the mega-cap stocks, still has not hit a fresh high over the February high mark. Meanwhile, the PHLX Semiconductor Sector (SOX) continues to look good. Keeping an eye on its set up. Technical Analysis S&P 500 rallied, tested, rallied and tested in its uptrend channel. The S&P 500 is now at the upper trend line, as it moved to its new high. After 3 wks of Northside at the upper channel line, it may struggle a bit here, but it is still in a solid uptrend. NAS Comp is closing in on its own new highs at the February all-time high. This has occurred just as the big NAS names that led it here appear to be slowing the moves a bit. The NAS has been turned back at each Key resistance mark on its way back up. The February high is a good place for it to pause, refresh, consolidate and reset the Northside move. What to expect this week FactSet estimated that S&P 500 companies would report aggregate earnings per share growth of 28% for Q-1, for the biggest rise in more than 10 yrs. Of the handful of S&P 500 companies that reported results last week, none issued negative earnings per share guidance for Q-2, and 5 offered positive guidance Lots of earnings reports on tap - Monday: Coca-Cola ([KO](https://finance.yahoo.com/quote/KO?p=KO&.tsrc=fin-srch)) before market open; IBM ([IBM](https://finance.yahoo.com/quote/)), United Airlines ([UAL](https://finance.yahoo.com/quote/UAL)) after market close - Tuesday: Johnson & Johnson ([JNJ](https://finance.yahoo.com/quote/JNJ)), Harley-Davidson ([HOG](https://finance.yahoo.com/quote/hog)), Abbott Laboratories ([ABT](https://finance.yahoo.com/quote/abt)), Procter & Gamble ([PG](https://finance.yahoo.com/quote/pg)), Lockheed Martin ([LMT](https://finance.yahoo.com/quote/lmt)), Philip Morris ([PM](https://finance.yahoo.com/quote/pm)) before market open; Netflix ([NFLX](https://finance.yahoo.com/quote/nflx)) after market close  - Wednesday: Anthem ([ANTM](https://finance.yahoo.com/quote/antm)), Nasdaq ([NDAQ](https://finance.yahoo.com/quote/ndaq)), Halliburton ([HAL](https://finance.yahoo.com/quote/hal)), Verizon Communications ([VZ](https://finance.yahoo.com/quote/vz)) before market open; Whirlpool ([WHR](https://finance.yahoo.com/quote/whr)), Chipotle ([CMG](https://finance.yahoo.com/quote/cmg)), Spirit Airlines ([SAVE](https://finance.yahoo.com/quote/save)), Las Vegas Sands ([LVS](https://finance.yahoo.com/quote/lvs)) after market close  - Thursday: Dow Inc ([DOW](https://finance.yahoo.com/quote/dow)), DR Horton ([DHR](https://finance.yahoo.com/quote/dhr)), Alaska Air Group ([ALK](https://finance.yahoo.com/quote/alk)), Blackstone ([BX](https://finance.yahoo.com/quote/bx)), AT&T ([T](https://finance.yahoo.com/quote/t)), Quest Diagnostics ([DGX](https://finance.yahoo.com/quote/dgx)), American Air Lines ([AAL](https://finance.yahoo.com/quote/aal)), Valero Energy ([VLO](https://finance.yahoo.com/quote/vlo)), Biogen ([BIIB](https://finance.yahoo.com/quote/biib)), Southwest Airlines ([LUV](https://finance.yahoo.com/quote/luv)), Union Pacific ([UNP](https://finance.yahoo.com/quote/unp)) before market open; Boston Beer Company ([SAM](https://finance.yahoo.com/quote/sam)), Snap ([SNAP](https://finance.yahoo.com/quote/snap)), Intel ([INTC](https://finance.yahoo.com/quote/intc)) after market close - Friday**: **Schlumberger ([SLB](https://finance.yahoo.com/quote/slb)), American Express ([AXP](https://finance.yahoo.com/quote/axp)), Honeywell ([HON](https://finance.yahoo.com/quote/hon)), Kimberly-Clark ([KMB](https://finance.yahoo.com/quote/kmb))  Some Wall Street firms warn of the potential for a healthy 5% to 8% pullback across the board, it is your money, so your responsibility, pay attention in here and for the rest of Y 2021. And always take what the market gives. Have a healthy week, Keep the Faith! --- This Markdown mirrors https://www.livetradingnews.com/commentary-paul-ebeling-on-wall-street-the-trend-is-bullish. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt