John Hussman, PhD, aka The Perma-Bear: “At its core, investment is about valuation. It’s about purchasing a stream of expected future cash flows at a price that’s low enough to result in desirable total returns, at an acceptable level of risk, as those cash flows are delivered over time. The central tools of investment analysis […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, The US stock market was primed to rebound, it rebounded. Earnings are just ahead and if stocks continue to the Northside as they have on this bounce then the lowered estimates might not be a plus. So, for now savvy players will be playing the bounce, because the selloff was […]
$BTCUSD ‘Capitulation’ is Bitcoin (BTC) investors word of the year. Bitcoin rose to $20,000 and fell to $3,700 the market is open at the time of this writing leaves players wondering if Y 2019 is a Year for Bulls. Bitcoin is a new, low volume asset class trying to gain traction, as the fundamentals play […]
$DJIA, $SPY, $QQQ, $RUTX, ,$VXX The US major stock market will start this week again testing the bottom of the range formed with by the selling that began in October. The S&P 500 cracked 2600 and supposedly that sets up more Southside action. Sentiment is extreme as reported by the AAIA, outflows from stocks are at […]
$DJIA, $SPY, $QQQ, $RUTX, ,$VXX The US major stock market will start the week testing the bottom of the range formed with by the selling that began in October. The patterns and technical indicators suggest a move from where the major indexes closed Friday back up to the November highs. After a reversal off the trading […]
Bitcoin (BTC) Short Bets Spike $BTCUSD The pessimistic sentiment around Bitcoin (BTC) prices saw the number of shorts spike to a 6-week high Thursday. Bitcoin is on track to post its biggest annual price drop on record. That would change only if prices rise above $5,959. The symmetrical triangle breakdown favors a drop to $3,474. […]
Bitcoin (BTC) Bounces Off of Lows $BTCUSD The bounce off of 1-week lows seen Tuesday may have helped bitcoin (BTC) avert a bigger sell-off. The leading cryptocurrency by market cap established a Bearish lower-high pattern at $4,400 last week and closed well below $4,000 Monday, confirming an end of the corrective bounce. As a result, BTC […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $SPY, $VXX Just 12 days ago everybody on The Street was celebrating Thanksgiving in a very cautious market mode, they came back to their desks, and triggered a Key reversal in the major US stock market indexes that was confirmed on Friday, 30 November and […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $SPY, $VXX Last week everybody that is anybody was away celebrating Thanksgiving, now they are back to their desks, that is if not stranded in a blizzard. Looking back, here is some stirrings emerging from the small and mid-caps via chips, telecom, and some bio techs and […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX DJIA higher, some testing leaders start to bounce back. Chipmakers show many interesting Northside setups. Fed Vice Chairman moves warm markets. The market action has given up some good patterns, the Big Q: Will the break North into year’s end. Today is Monday, the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX Last Wednesday post election spike either stands on its own or platforms for a breakout. PPI at a 6 year high with prices +2.9% Y-Y. S&P 500, DJIA in excellent tests, NAS Comp work’in on it This week we see new leaders come up […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX NFPs report solid, shows best wage growth in 10 years. China trade, market still struggles on news. 4 day Rally paused Friday All Eyes on the US Congressional Midterm Elections Tuesday Friday, stocks opened higher then faded, trending lower into early afternoon. Positives turned to […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX Earnings: Over 20% of S&P 500 companies have reported, 72% have beat The Street estimates Market is concerned about the Fed overreacting, as it always does. China’s economy is in decline Halloween Market Week: Tricks & Treats The US stock market’s technical indicators suggest […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX Earnings: 20% of S&P 500 companies have reported, 70% have beat The Street estimates The S&P 500, DJIA and NAS Comp held their 200-Day SMA’s Friday Market is concerned about the Fed overreacting, as it always does. China’s decline is feared, may decline further, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, earnings season starts in earnest For now traders are playing an oversold bounce. But, if this is a relief move, the later you enter, the worse risk/reward. So, be selective if you are adding more bounce plays. Also, look at some areas receiving […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Columbus Day in the USA, Banks are Closed, Market is Open The market’s focus this week: Earnings Yes, it is earnings reporting season again, this frame always commands a great deal of attention because earnings drive stock prices over the long term. To that end, […]
Bitcoin (BTC) Bears Testing the Monthly Trendline $BTCUSD Bitcoin Bears have been emboldened by repeated rejection from a Key moving average hurdle, but they may take a breather over the next 24 hrs as the price heads for another Key trendline of support. The world’s #1 cryptocurrency is lacking a strong bullish or bearish bias […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The market’s focus this week: new money, earnings season, and the jobs report Friday. September was not a Southside month this year, solid but not huge. So many participants are expecting a selloff in October. It may happen, though it did not happen last year after a […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The market’s focus this week FOMC meets on Tuesday and Wednesday to talk a rate hike and more trade issues with China, Canada, and the EU. The heavy pressure is on China now. Then there is The Trump Administration’s feelings toward social media and WH […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, lots more US economic data this week. We will see the Empire PMI Monday and the Philly Fed Thursday. Housing starts, Existing home sales, Leading indicators also this week. The the major US major stock market indexes continue to trend higher and in the face […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Lots more US economic data this week. Consumer credit, Small business sentiment, PPI, CPI, Fed Beige Book, retail sales, Production plus. The CPI is watched because of the FOMC and its rate hiking. Retail sales are watched as a barometer of the consumer, though inflation as we know […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The US markets will be closed Monday in celebration of Labor Day. Last Friday’s Wall Street action ahead of an extended Labor Day weekend was eventful in terms of trade-related headlines, but an uneventful one for the major US major stock market indexes averages, which […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Up this week: US Consumer Confidence, 2nd GDP read, Personal income and spending, Chicago PMI. Classic Fed interest rate moves miscalculations is always cause for concern, as the Fed is making its same mistakes: it sees an overall still strong economy, stocks still strong, and it ignores […]
Bitcoin (BTC): The Technicals, The Outlook $BTCUSD Bitcoin is ranged in here, and the direction of the next breakout is uncertain. Bitcoin was expected to rise toward 7,000 at the weekend, having broken above a Key technical mark Friday. However, contrary to expectations, BTC Bulls failed to take up the supply around 6,600 in the frame. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Q-2 earnings is coming to a close, so lets look at the technicals DJIA leads as money rotates form tech’s to its blue chips Tech leaders topping, the rotation allows the move to continue; some leaders will soon drop out. DJIA: Thursday the DIA finished solidly higher, […]
Tesla (NASDAQ:TSLA) Bears in Control $TSLA Investors betting that Tesla (NASDAQ:TSLA) stock will lose value, aka Short seller or “shorts” have made $1.2-B+ since CEO Elon Musk 7 August when he 1st Tweeted that fateful ‘420’ Tweet about taking the company private, “financing secured”. Much of that gainer came Friday, after the NY-T’s published a revealing, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Q-2 earnings is coming to a close, just as Key economic data coming up. This week we have: retail sales, Empire manufacturing and Philly Fed, industrial production and capacity, housing starts, leading indicators, and MSI. Data is important as it is important the US economy remain […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX 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 this market North. The Technicals DJIA: The DIA struggled more on the trade issues than did the S&P […]
Bitcoin Selloff Has Bears in Charge $BTCUSD Bitcoin’s (BTC) price pullback from the recent highs above 8,500 looks like a short-term Bear market on the technicals. The leading cryptocurrency fell to a 2-week low of 6900.995 earlier Saturday The sell-off from the recent high of 8,507 had shown signs of exhaustion near 7,455, the 38% Fibo retrace […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX 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 […]
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 […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX This week it is President Trump and President Putin’s Summit in Helsinki Finland, but there is a lot to move markets during this week. President Donald Trump meets Russian President Vladimir Putin in Helsinki Monday, and that is the main event this week. But earnings […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action as President Trump bears down hard on trade issues, focuses on SCOTUS pick, teeing up NATO demands and the Putin Summit. The market will tell us now if the Key moves Thursday and Friday on moderate volume will hold […]
Wall Street Pulls Support from Tesla (NASDAQ:TSLA) $TSLA Key Indicators Turning Very Bearish Tesla’s (NASDAQ:TSLA) CEO Elon Musk is on Twitter scolding news organizations for quoting analysts with a Bearish view of his struggling EV maker. Of the 31 Analysts covering the stock, 10 say to sell, or 32%, meaning the Bears are coming out […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action as President Trump continues coming down hard on trade issues, and NATO next. Over the past few weeks we have a lot of pundit chatter about a market top, and stocks sold into the test during that frame. Notably, new […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action President Trump coming down hard in trade issues, the The Congress’ continuing dust up with the DOJ and FBI. S&P 500, DJIA posted oversold bounces as growth was favored for a 2nd session running Some new areas are attracting money […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action in light of the recent NKorean peace summit, no US-China trade war, and President Trump the The Congress’ harangue with the DOJ and FBI. US, China trade tariffs; market held up well. Economic data good not great, better coming […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market action in light of NKorea peace talks, no US-China trade war, and the keep’em guessing shambles President Trump left the Canadian G7 Summit in. Thursday was a bit dicey in the US for the NAS Comp, but it recovered […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market indexes in light of looming Korea peace no US-China trade war and the current NFPs. Note: Former US President Barack Hussein Obama, though he likes to take credit, did not set the economy up for this super recovery, what […]
A Technical Look at Bitcoin’s Action in Here $BTCUSD Bitcoin Key support mark is now at $6,900, having failed to capitalize on signs of weakening Bearish momentum Monday. The cryptocurrency’s candlestick chart posted a Doji Sunday, signaling short-term Bearish exhaustion. But, a corrective rally ran into resistance at $7,400 and closed at $7,143, the lowest daily […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Looking at the major US stock market indexes in light of looming Korea peace and no US-China trade war. Overall, last week saw the major US stock market indices holding their ranges, trying but not breaking out, RUTX will try harder this week. There are solid […]
Bears Betting $2.1-B that a Marijuana ‘Bust’ is Coming $TWMJF, $ACBFF The total value of Short positions in global marijuana-related stocks has climbed to a record approaching $2.1-B, according an analyst at IHS Markit in Boston. Short sellers have increased their positions amid concern that the sector is overvalued, and it’s becoming easier to find […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ Looking at the major US stock market indexes in light of no US-China trade war. The Major Market Futures as of this writing S&P 500 SPC1 Jun 18 $2,728.80 +15.80 +0.58% NAS 100 Future NQC1 Jun 18 $6,923.75 +49.75 +0.72% Last Friday, the major US stock market indices were […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Looking at the major US stock market indexes technically The major US stock market indexes made good on Key reversals last week, moving through the near near term resistance. The pause to refresh Friday was on the cards, and a couple of days rest works to […]
Bitcoin Moved to Test Key Support Near $9,000 $BTCUSD Thursday, after a quiet start to cryptocurrencies came under selling pressure, with market participants speculating about large blocks of cryptos being offloaded, pushing Bitcoin’s value lower. Bitcoin, the world’s #1 digital currency traded in a $200 range Thursday before giving up $220, or 2.3% quickly. Currently, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Looking at the major US stock market indexes technically Last week we saw break North off of support in the patterns or at the trend-lines. Volume just OK, good breadth on the move. Let’s see if they can hold the moves. DJIA marked a doji Thursday […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This market cannot make much of strong earnings report. The NAS Comp gaped up over 115 points, gave it back. Fairly goo Bullish stock index patterns remain but upside is used to sell aka distribution. Good patterns in lots of stocks and sectors are failing to provide […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season is in full swing now, and ramps up with FAANG’s GOOG (23 April atm), AMZN (26 April atm). Many others are scheduled to report too, The Bulls are looking for these leadership stocks to trigger a new leg North. There are lots of […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season begins in earnest last Friday and is in full swing now. And, President Trump did not telegraph his move on the surgical attack on Syria, so the market was not effected. Later, after the strike was finished, the Pentagon said it hit all […]
Blockchain Getting the Attention, Bears Feasting on Cryptos $BTCUSD Savvy voices in the nascent industry are calling for a balanced approach regarding regulations which will let the technology to thrive and innovate. Blockchain continues to get a growing amount of attention from businesses and investors, and the fundamental tool of cryptocurrencies is an important element of […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season begins in earnest this week. The bar is set high, and participants are hoping they do not disappoint, and since stocks have come off about 8% in value ahead of earnings there is a clear path o higher prices if earnings are solid […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Last Thursday, the Month/Quarter ended higher ahead of a 4 day Holiday Weekend, so the Big Q is does new money enter and help extend Thursday’s move, and do gains hold. And let’s not forget the volatility, will it calm. Remember, a market rally has to […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Global stock market look soft this week. Between the media trade banter, Month/Quarter end re-balancing and the Easter holiday-shortened week things can happen, even nothing much, as many Wall Street traders are on Spring vacation. Expect quiet on the G-10, and data fronts given the […]
Bitcoin: The Bulls Vs The Bears $BTCUSD Bitcoin started to look good Friday, and it rallied through to a mid-day high at $9,020 Saturday, before a late afternoon sell-off hit the broader cryptocurrency market. Bitcoin, could break through the 1st major resistance mark at $9,161.65, as investors locked in gains that led to Bitcoin falling […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Another big economic data week ahead. The FOMC meets Tuesday and Wednesday, and is expected to raise rates 25 bpts at the meeting. The other big econo news will be Existing Home Sales, Leading Economic Indicators, Durable Goods Orders, and New Home Sales. And in […]
Goldie Sees Bitcoin Falling Below February Lows $BTCUSD Bitcoin, the world’s largest cryptocurrency by market capitalization, continues its volatile run as it again falls below its $10,000 price 1st reached at the end of Y 2017. Despite its more than 50% loss since highs reached in mid December, the digital coin is still up about 650% over the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The leadership is leading the big moves on the indices with some to new highs, others attacking the near term resistance on the way to highs. Explore the laggards with good patterns, they are getting the time they need to complete patterns and join the […]
US Bull Market Turned 9 Friday, a Happy Day for the Bulls $DIA, $SPY, $QQQ Friday, the 2nd longest US Bull Market since WWII turned 9 anni. It began precisely at 1.00p EST on 9 March 2009 when all 3 of the major US stock market indexes bottoms and bounced in unison. A very rare […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This is a Big data week, beginning with ISM Services Monday followed by US jobs data Wednesday, Thursday, and Friday. Last Friday bounce was on some Short covering and strong buy orders, it may continue the move up to start this week. The market sold […]
Bitcoin: The Bulls Vs The Bears $BTCUSD Daily Bitcoin is in the headlines, positive sentiment is intact, and the price is in an uptrend after its recent correction. Currently Bitcoin is trading at: 11,324.9951, +29.9902, or +0.27%, at the close: 12:39p GMT Consider that 59% of last year’s ICO’s have failed or are failing, encouraging some triumphant “I […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX I hit my marks again last week on the clear break North. Friday’s light volume action may be countered or at test Monday, that is not a bad thing. There is an old trader’s adage: Buy Monday, sell on Friday has truth to it. Often […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The US stock market was closed Monday for Washington’s Birthday, aka President’s Day The rest of the world sans China was open, we will know early how they fared and what to look for at the Bell in the US. On the Fibo retrace North […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The Big Q: Where does the Fed stand in this volatile stock market? The Big A: For the past 9 years the Fed has stood behind this rallying US stock market. Every serious dip was met with the Fed waffling on is plans to remove […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The Big Q: To buy or not to buy? The Big A: Maybe yes, maybe no, see below. Looking through the selloff, find the stocks that held, lots of good ones did. Then watch to see if they hold up during further selling Monday and Tuesday, […]
Commentary: Paul Ebeling on Wall Street, Prediction Edition $DIA, $SPY, $QQQ, $VXX Again, and again hitting my targets, the sentiment is high and the positive momentum is Strong in here. The market will dip (negligible), pullback (-3 to 5%), correct (-8 t0 11%) or keep running ahead. Some if not many investors are afraid in here, […]
Commentary: Paul Ebeling on Wall Street, Prediction Edition $DIA, $SPY, $QQQ, $VXX Again, hitting my targets, the sentiment is high and the momentum is Strong in here. Here is the predictions: In this earning scenario we are likely to see the S&P 500 at 3,257 in Y 2018, archive it. The market continues finding new leaders […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Again, hitting my targets, no predictions yet, but the sentiment is high and the momentum is Strong in here. DJIA look Very Bullish to me 26,000 in sight, that is the Key resistance. DJIA +228.46 at 25803.19, NAS Comp +49.28 at 7261.06, S&P 500 +18.68 at 2786.24 NAS Comp: +5.2% YTD DJIA: +4.4% […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Again, hitting my targets, but no predictions yet. Friday’s finish: DJIA +220.74 at 25295.87, NAS Comp +58.64 at 7136.56, S&P 500 +19.16 at 2743.15 NAS Comp: +3.4% YTD S&P 500: +2.6% YTD DJIA: +2.3% YTD Russell 2000: +1.6% YTD The Big Q: Will the managed money keep coming in? The Big A: It […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX I hit my predictions for Y 2017, but I will not make any early ones for this year until the last week in January or the 1st week in February, although the trend is clearly up. On the year NAS Comp: +28.2% YTD DJIA: +25.2% […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX What we saw in the US stock market last week was not damaging to the technicals. The DJI and S&P 500 are extended, but the action this week did not suggest they ready to roll over. That may come as the market moves into the New Year, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX As expected the Fed hiked interest rates as expected. Much more data to come this week, including: Housing starts, Existing Home Sales, GDP third, Philly Fed, Leading indicators, Personal income and spending, Durable Goods Orders, New Homes, Michigan Sentiment. Overall, the US economic data is […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The rising stock prices and steady increases in home values powered American household wealth to $96.9-T this Fall, the Fed said last Thursday. US wealth has made a remarkable comeback since the Great Recession, when it dove more than $10-T to $56.2-T, not adjusted for […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Again, Wall Street analysts are predicting another up year for the S&P 500 Index (SPY) The NFPs report is due out this week. Some are saying that the market is being called too high, and the Bulls Vs Bears supports the calls. It is a […]
Bitcoin Bears Have Sharp Teeth, Big Appetites and Deep Pockets The Data Show That Nearly 50% of ICO Investors are Europeans $BTCUSD $CME, $CBOE Nearly 50% of the cash that has poured into newly issued ICOs (cryptocurrencies) in recent years has been raised in Europe, research published Thursday showed. The report by Atomico, one of Europe’s […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Wall Street analysts are predicting another up year for the S&P 500 Index (SPY) It is worth taking notice what would be accomplished if that prediction happens. At 2,800, the average estimate of 9 strategists tracked points not only to another year of all-time highs, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season is finishing up, and the indices performed well through out the season, keeping the October/November move alive. Options Expiration saw some adjustments, just as a consolidation in NAS Comp and some big names broke higher, but then saw some selling on expiry. How those issues work […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX There is a lot of US economic data this week to digest. Including but not limited to: PPI, CPI, New York and Philly PMI, Retail sales for October, Inventories, Capacity and Utilization. Last week the big names that just broke out of bases tested their […]
Investor Optimism Highest Since Crash of 1987 $DIA, $DAX, $DJSH, $N300, $NSEI The US and global stock market’s seemingly unstoppable rise to record highs has boosted investor optimism to levels not seen since the Crash of 1987, some are worried. The difference between The Bulls and The Bears has not been this high in 30 years, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings and Data the focus on Wall Street this week. On the Data Front: Durable goods, New home sales, GDP, Michigan Sentiment Indicator (MSI) final October. On the Earnings Front: So far the responses were tepid but have not hurt the market. The financial held and are […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings are Wall Streets’ focus now as the banks started last week and the doors are now open The Big Q is whether the market has room for more upside on some good earnings after the gains in DJIA, Techs (SOX), NAS Comp and S&P […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The econ data feed this week includes: PPI, CPI, Retail Sales, Michigan Sentiment (MSI) October preliminary. San Francisco is finding out that the higher minimum wage and the high cost of Barack Obamacare aka ACA compliance with restaurants is causing some of the middle market favorites to […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX We saw new US market highs into Friday. This new Month and Quarter could bring some more buying and perhaps more new highs. The Big Q: Will new highs become the targets for the algorithms machine traders to sell? The Big A: Look at the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Investors did not receive any economic data Friday, nor will they receive any economic data Monday Noting new happened at the weekend that impacts Monday action. Some are talking about The Trump Rally extending in here, if it does the rule is let winners run, and […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX US stock investors could rotate out of high-yielding sectors and into stocks of banks, which would benefit from the next leg up in interest rates, after the FOMC’s policy-setting meeting wraps up Wednesday. If the FOMC gives a nod to rising inflation or focuses its trimmed-down bond buying on […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX US economic data on the week include: PPI, CPI, Retail Sales, and Empire Manufacturing. Hurricane IRMA made landfall and has been working its way up the west coast of Florida, so there will be an idea of the damage. Nothing serious from NKorea, but President […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $SDS, $QQQ, $VXX The NAS Comp marked a fresh ATH (all-time high) again, and what we have seen in this market is that new highs are sold and buyers come back and pick up the dip. So, that being the case, the move is to bank some […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $SDS, $QQQ, $VXX Friday the US stock index futures jumped on the news that The Trump Administration tax reform was on track for Y 2017, but staying power was just OK, we will see what effect it has on the action this week. After the close Friday, the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX There is a just a bit less of the same for news and economics this week. The market is seeing and factoring in that The Trump Administration is going to get more accomplished with the Top advisor staying put and both Big and Small business growth is […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The major US stock market indexes are setups to decides direction near term s noted earlier, the volume last week did not indicate that it was time to sell all stocks into the bounce. There are some good Northside plays to make money whenthe bids […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The NAS Comp and the S&P 500 are standing near support after just over a week range trading, there is leadership that can move North and break the indices higher off of the Key support. The US NFPs report was solid enough, thought not great, as the Key indices […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Healthcare reform was scuttled by a vote from maverick US Senator John McCain (R-AZ) a walking dead man shouting his last hurrah. This is not over yet, more this week. President Trump will do the right thing, and stop subsidizing the insurance companies to write bad […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Lots of data happening this week. Consumer Confidence, New Home Sales, Durable Goods, GDP Q-2 estimate, and the FOMC meet Wednesday. A relatively strong GDP estimate at 2.8% is anticipated. If that happens, it may toughen up the FOMC’s statement on Wednesday, as the Fed may […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The major US stock indexes were consolidating the recent moves, buying, selling, buying on lite volume, then last Wednesday came to life with the release of the Schoolmarm Yellen’s testimony to Congress. The we saw solid moves for 3 day’s running, Friday saw the indices […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The market had a positive reaction to the US NFPs given the Fed notion of rate hiking and balance sheet reducing. If the Fed is hiking, the market wants to see positive economic data. There are problems, as seen in the GDP reports, corporate profits […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This Independence Day celebration in the US has Monday doing 1/2 session and then a closed market Tuesday, 4th of July. Not much action or change expected Monday, but Wednesday things may gett interesting as new money could flow into the market. Consumer Sentiment is […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Okay the PPT, aka the Plunge Protection Team, entered the market, blunted the selloff 2 Fridays ago, as FAANGs and other big NAS stocks held support. As that happened, managed money moved into DJJIA, driving it to new highs that held through Friday’s close. Notably, the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Last Friday we saw the start of some rotation. With good patterns set up in manufacturing, construction, and other old economy stocks sectors, it will not surprise to continue seeing smart money flow there breaking them higher. Not seeing managed money leaving the market, but […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX There are 10’s of millions of Americans who have not felt the 1st thing relating to an economic recovery. Those people are where they were during the Great Recession. These Americans have been ignored in favor of statistics that shows millions of jobs have been […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX US financial market were closed Monday for Memorial Day. The Asian and EU markets to work through the weekend stories from the G-7 Summit in Italy. The Big Q: Will the US markets pick up where the left off Friday? We are seeing lots of […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX In this market of good recoveries there are leaders that look good and sectors that look very good in here. Last Wednesday, the caution flag was raised and waved, and we will soon see how the market responds this week. In the past we have […]