$RACE FLASH: The Ferrari (NYSE:RACE) SF90 Stradale transfers recent advances of Scuderia Ferrari competition cars to the road. Ferrari’s CTO, Michael Leiters, who was joined by Vittorio Dini, Head of Powertrain, and Matteo Biancalana, Ferrari’s aerodynamics chief to tell us how it works. Ferrari road cars have always been the embodiment of the transfer of […]
$RACE FLASH: The pace continues 1 year after the death of CEO and Chairman Sergio Marchionne Ferrari is highly and increasingly profitable. Under the new leadership margins continue to improve. The company is on track to reach its target of being net industrial debt-free ahead of schedule. Strong resale values and auction results underline the […]
$XAU $GLD August Gold gaped higher early Thursday, then faded finishing at, + $5.05 higher +0.4 % at $1427.85 oz Not a surprise because because of the resistance in here, so, it is going to take something special to power this market higher. Gold looks to be consolidating to build up enough pressure to finally break […]
$GLD, $XAU Gold’s market remains inside its 11 July range for a 2nd session, which suggests investor indecision and impending volatility. The lack of movement in the USD and Treasury yields is helping to contribute to the tight trading range. Tuesday, August COMEX gold is trading at: 1,416.50, +3.00 (+0.21%), as of 1:37a EDT, the market […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear is your friend, and you saw […]
$RACE FLASH: Ferrari sentiment running high, The Bulls are in-charge Ferrari (NYSE:RACE) is not your typical car company, and analyzing the stock is not a typical process, most sector analysts do not understand it and how it works, the iconic Italian Supercar maker is The Aristocrat of the Automotive sector. I have been a fan […]
$L:AML, $ARGGY Aston Martin (LON:AML and OTCMKT:ARGGY) and design house Zagato have a 60 year relationship, combining forces to create some of the most stunning vehicles on the road. As part of Zagato’s 100th anni, Aston Martin will offer to its VIP clients 19 examples of the new DBS GT Zagato, and the luxury Supercar maker […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: More than anything else, the longest Bull market in history has relied on low interest rates, and weakness in jobs. So, if everyone else is worried about stocks, capitalize on the fear and make a a lot of money as the market climes the wall of worry, fear is your friend, […]
$XAU, $GLD, $USD Gold (XAU) tried to rally last week but rolled over to form up a shooting star pattern. That said, prudence says, “take extreme caution when it comes to this market”, as we have seen a couple of shooting stars. It can well be negative signal, and almost always means that the price […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks and Gold rally finishing a super June as the market climbed a wall of worries. The stock market has rallied significantly over the past 6 months. The Big Q: Is this Bull Run sustainable? The stock market has rallied […]
$RACE FLASH: Red Bull Racing’s Max Verstappen won in Austria, result investigated, victory stands Recall that Charles Leclerc came very close to becoming an F1 race-winner in Bahrain, Sunday he was denied a win again at the Austrian Grand Prix after being overtaken 2 laps from the Chequered flag by Max Verstappen, who marked his […]
$RACE FLASH: Charles Leclerc determined to win the race after taking Austria Pole Saturday afternoon at the Red Bull Ring. Ferrari’s (NYSE:RACE) Charles Leclerc has called the Red Bull Ring his favorite track. Now he is looking to take the Chequered flag Sunday after taking his 2nd career pole. There were scenes of giubilo in […]
$RACE, $FCAU, $F Key Points Ferrari is 1 of the most valuable brands in the world. Ferrari, the Italian supercar maker and Formula One racing operation, is worth $27-B+. Ferrari is a racing operation 1st and a luxury Supercar company 2nd. Ferrari was founded as a racing team with the sale of road cars as a […]
$RACE Ferrari’s (NYSE:RACE) Charles Leclerc set the pace Friday in a F2 session at the Red Bull Ring that disrupted by crashes Max Verstappen and Valtteri Bottas. Y 2018 Austrian Grand Prix winner, Mr. Verstappen lost the back end of his Red Bull racer going through the final Turn 10, rotating the car before sliding backwards […]
$RACE Ferrari (NYSE:RACE) brought more developments to the Austrian Grand Prix in a bid to get more answers about its F1 car’s performance, after some of the prior upgrades under-delivered. The Scuderia had lots of updated parts at last weekend’s French Grand Prix but the new floor was removed after practice. It persevered with a […]
$RACE Cannot afford a Ferrari (NYSE:RACE) Supercar? Then the stock is your alternative, it is Hot too. A Ferrari fan could spend $215,000 on the entry level Portofino, the company’s newest convertible sports car, or buy 1,340 shares of the company, which is trading at 159.50 on the NYSE. And an ultra-rare 1960’sFerrari, like the […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks and Gold rally hard finishing solid on Quad Witching on the Fed’s Dovish policy position declared Wednesday afternoon. We are in the 2nd longest Bull Market in history that began precisely at 1:00p ET on 9 March 2009, and according […]
$XAU, $GLD, $USD President Trump continues his relentless attacks against the Fed and their strong dollar Tuesday with his most recent Tweets: “This is because the Euro and other currencies are devalued against the dollar, putting US at a big disadvantage. The Fed Interest rate way too high, added to ridiculous quantitative tightening! They don’t […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $XAU, $GLD, $RUTX, $VXX FLASH: Last week we saw Wall Street stocks consolidate on light volume and the Fed signaled ‘Got Gold’ Mr. Market started seriously pricing in the possibility of interest rate cuts. To be fair, the signal came from the Top of the economic politburo that matters that being […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Last week we saw the best market week YTD This is another important week on Wall Street, after last week of released negativity, we will see how much power is left. The pattern suggest a roll over in here, but the Fed could/can/will change that. Expect Fed speakers to […]
$RACE The Big Q: Is Ferrari ready for a Pit Stop? The Big A: Recently, Seeking Alpha contributor Taylor Dart argued that Ferrari (RACE) was “due for a pit stop.” Although Mr. Dart saw the possibility of Ferrari making new highs over the next 12 to 18 months, he wrote that the stock was “priced […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Friday saw S&P 500 and NAS break. Already Bearish in the rollovers, Friday they gapped below the 200-Day SMA. Broke the neckline in the head and shoulders Wednesday, held the 200-Day SMA that session and Thursday, ready to bounce. Then the next bad news and the 200-Day SMA […]
$RACE FLASH: Ferrari is the last of F1’s 10 teams to join the sport’s official e-Sports series. Ferrari (NYSE:RACE) has joined F1’s e-Sports series, and now all 10 teams will line up on the virtual grid in the 2019 Championship. For the 1st 2 years of the F1 e-Sports championship, the iconic Italian team held […]
$RACE Ferrari (NYSE:RACE) new models continue to get fan and world press attention; the Maranello Outfit basks in it. The newest Ferrari, debuted Wednesday, it is the company’s 1st plug-in hybrid, the SF90 Stradale, the SF90 Stradale is not just Green, it is very powerful, and at 986hp it Tops anything Ferrari has done for […]
$RACE Ferrari (NYSE:RACE) unveiled a luxury hybrid Supercar Wednesday that can cruise silently through city streets on electric power as well as hitting a Top speed of 200mph. The SF90 Stradale 4WD car is fitted with a 1,000 hp engine developed from F1. The new hybrid sports car was introduced to an invitation group of […]
$RACE Ferrari’s (NYSE:RACE) official teaser for the V8 hybrid debuting this week was released on Instagram Tuesday, The Aristocrat of Supercar makers, Ferrari takes its 1st run into the hybrid mix with a 1000hp entry, the Maranello Outfit will make a show of it. The motorcycle rider who ran down the prototype a few weeks […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: World stock markets were subdued as the US and UK exchanges were shuttered for national holidays. DJIA futures rose Monday night, along with S&P 500 futures and NAS futures. President Trump said Monday that Beijing “would like to make a deal,” but “we’re not ready” for a China trade […]
$RACE Ferrari (NYSE:RACE) will announce its 1st hybrid supercar on 31 May. This is a Limited Edition product, and the 1st series production Ferrari to drive on low emissions and with outstanding performance. Ferrari has not revealed official performance figures, but experts are predicting almost 1000hp with the new GT. “I promise it will be […]
$RACE Race results for the 2019 Monaco Grand Prix including full classification M Sunday afternoon, Lewis Hamilton took victory at Monaco Grand Prix, ahead of Ferrari’s (NYSE:RACE) Sebastian Vettel and team mate Valtteri Bottas, to pull out a 17-point lead in the driver’s championship over team-mate Bottas. The MercedesAMG driver finished just ahead of Max […]
$RACE FLASH: Lewis Hamilton at Pole position for the Monaco Grand Prix, but an error by Ferrari saw Charles Leclerc go out in Q1 The Big Q: How did Charles Leclerc go from being quickest at the start of Q1 to dropping out in 16th place at the end of the session? The Big A: […]
$RACE Ferrari’s (NYSE:RACE) Sebastian Vettel’s dry spell stretches is at 13 F1 races without a win, dating back to the Belgian Grand Prix last August. The 4X world champion driver still holds #1 status at Ferrari. Thought at times this season he has been slower than Charles Leclerc, 21 anni, his highly-motivated team mate set […]
$RACE FlASH: From track side F1 Grand Prix, GP Monaco, Monte Carlo Circuit While the 1st FP at Monaco saw a very close competition at the front, the 2nd session was a MercedesAMG’s as Messrs Hamilton and Bottas pulled clear of the competition. 2nd FP became a disillusion for those who hoped that the race could […]
$RACE The 2019 F1 campaign has been a big disappointment for Ferrari and its fans. Ferrari (NYSE:RACE) Team Chief Mattia Binotto suggested the team’s overall design concept was among the areas they think could be causing the pain and that has been a big part of their focus in the gap between races ahead of […]
$RACE For Ferrari (NYSE:RACE), the Monaco Grand Prix is a Key opportunity to get back into the F1 championship race. Now, after 5 races and no wins for either Sebastian Vettel or Charles Leclerc, Ferrari’s hopes of ending the dominance of MercedesAMG are look a bit obscure. Mr. Vettel, a 4X F1 champion, was in […]
$RACE Fans of Ferrari (NYSE:RACE) and Red Bull Racing are pinning their hopes on the fact Monaco is a track where MercedesAMG, despite their dominance this season, have not won in the last 2, the streets of Monaco is not kind to the Silver Arrows. Last year Red Bull Racing won with Daniel Ricciardo at […]
$RACE Ferrari is set to debut a hybrid Supercar on 31 May, and the car will have 986 horsepower. A video of a prototype was filmed by a motorcycle rider trailing the prototype and we get a direct view of its explosive acceleration. No doubt the low-end thrust is courtesy of a powerful electric drive […]
$RACE,$PM F1 status as the world’s wealthiest sport has been revealed in research which shows that it has received $30-B from sponsors over the past 15 years F1 is setting up for its Top event, the Monaco Grand Prix, which takes place this weekend and is the backdrop for blockbuster sponsorship announcements by the racing […]
$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 […]
$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]
$RACE FLASH: We will see this Supercar on 31 May, stay tuned… Ferrari (NYSE:RACE) has confirmed that it will debut its newest hybrid model that pack 986 bhp (1,000 PS or 735 kilowatts), according to our invitation to the 31 May unveiling in Maranello. The Maranello Outfit’s execs have been leaking small details about the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US-China Trade News is now Old News, and No Deal makes No Difference, the Fed is the Key to stock action, buy the dips. Watching the Fed, and without a trade deal the fear of a slowdown will keep the Fed patience mode. The President and the Wall Street […]
$RACE The MercedesAMG team has set a new record of 4 consecutive 1-2’s at the start of a season. Just 1 point separates the Silver Arrow drivers Messrs Bottas and Hamilton in the drivers’ championship Super performances are good but a Key thing MercedesAMG does not want is a repeat of the 2016 Spanish Grand […]
$RACE Ferrari (NYSE:RACE) will introduce a F1 engine upgrade at this weekend’s Spanish Grand Prix as part of its drive for increased performance. The Scuderia originally planned for its 1st power unit update of the season to come in Canada, but it has brought forward the development 2 raced ahead of schedule to Barcelona. Ferrari […]
$RACE Ferrari (NYSE:RACE) gaped open higher and held the 4.06% gainer Tuesday, as the broad market got hammered, with all of the major US stock indexes down more than 1% on the day, and all 11 S&P 500 sectors finishing in the Red. The stock rose after the iconic Italian luxury Supercar maker beat earnings […]
$RACE Ferrari (NYSE:RACE) will report earnings Tuesday and the stock is very oversold in here. Shares finished Monday at:132.33-1.81 (-1.35%) in New York. After hitting resistance in mid-April, Ferrari lost the 20-Day MA support which turned to resistance. Monday, the stock gaped below the 50-Day MA, and failed to close above it, as buyers bought […]
$SPY, $RUTX, $DJIA, $QQQ, $VXX Last Wednesday, the US stock market reversed to the Southside in reaction to comments made during Fed Chairman Powell’s afternoon PC. After the sharp April gainers, many traders were looking for a reason to trade the Southside of the market. But, the selling did not last long, as the S&P […]
$TSLA Elon Musk’s Tesla, Inc. (NASDAQ:TSLA) is drowning, but the analysts team at Jefferies is oddly still positive on the shares. We all know that Tesla manufactures and sells EVs that include 2 high-end Models the S & X, and a mass-market-oriented M3, cars that no 1 seem to want now. Hang On, it also […]
$QCOM Qualcomm (NASDAQ:QCOM) reported F-Q-2 Y 2019 results after the close Wednesday. The chip-maker posted adjusted diluted EPS of 0.77 and revenues of $4.9-B. In F-Q-2 Y 2018, Qualcomm reported EPS of 0.78 on revenues of $5.2-B. The consensus analysts’ estimates called for EPS of 0.71 and $4.8-B in revenue. The big news for Qualcomm […]
$FB Last week, Facebook (NASDAQ:FB) announced its Q-1 results, the company said it had set aside $3-B to pay for an expected fine of between $3 to 5-B from the Federal Trade Commission (FTC), and then the company’s share price rose by more than 10. The take-away: $3 to $5-B is pocket change to Facebook. […]
$AAPL Apple (NASDAQ:AAPL) declared that it had EPS of 2.46 and $58-B in revenue, compared with consensus estimates that called for 2.36/EPS and $57.37-B in revenue. In the same frame last year, Apple said it had EPS of 2.73 and $61.14-B in revenue. In this most recent quarter, the firm reported its product sales as […]
$XAU, $GLD Gold markets broke down during most of the week but had a strong turn around to reach towards the bottom of the trend line marked on the chart below. Note: The trendline is much more visible on the daily, and suggests a potential Head & Shoulders pattern forming. That said, gold is setting […]
$TSLA Wednesday, covered in Red Ink Tesla’s (NASDAQ:TSLA) erstwhile CEO Elon Musk suggested a capital raise could be imminent, as the US’ fledgling EV maker lost $700-M in Q-1 and while optimistically predicting a return to profit in Q-3. Tesla big plans to resolve logistics issues with global vehicle deliveries after suffering stiff headwinds marked […]
$BTCUSD Bitcoin (BTC) has held its market cap above $90-B as the markets look to be winding up for another attempt to break through the next Key overhead resistance psych mark at $6,000. Bitcoin is currently trading at $5,025.6602 off 139.85 on the day, If the market can establish support above $5,000, then another Bullish […]
$DIA, $SPY, $QQQ, $RUTX Earnings started and Wall Street likes what it sees, the bias is Bullish and the Fed is hobbled by President Trump. Earnings this week include: C, GS, BAC, JNJ, NFLX, IBM, TEAM and many others. So, am looking for a continuing move North on the general positive bias, expectations of a […]
$XAU, $GLD Gold markets started to rally last week, but struggled going higher. And in the action is forming a Shooting Star, thus suggesting that Gold is going to continue South towards its support at 1280 oz. If Gold break below 1280, the market move South towards 1250, and then 1200. This is interesting considering […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Last Monday was the start of a new Month, a new Quarter, and new Money came in driving the S&P 500 North for 8 days running into Friday on a strong NFPs report, for what looks to be an extension into this week, with the indexes marking and/or approaching […]
$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 […]
$GLD Gold markets rallied Monday, after initially pulling back a bit to find some buying. The $1325 level is just above, and that is an area of resistance due to the psych significant mark. Beyond that, if it breaks above that mark it would not only break that big number, but will also break above […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Last week saw Wall Street participants taking profits, but the major indexes are still technically Neutral/Bullish overall. The large cap growth indexes are solid enough in here, Friday sellers showed up for the 1st time in some time. They will see support and bounce and start this leg all […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Last week was a Wall Street market winner, and is technically Bullish overall. Good moves seen on the week with the FANGs coming back into the action after a week or so pause. That augurs well from an Northside outlook. After some more Northside, if we see some profit […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Friday, the 3 major US stock market indexes move down to their 50-Day MA supports and bounced finishing near the highs of the day. The pattern looks Bullish to me. That means buy some really good looking patterns, as the bounce up off the 5-session pullback, and let the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX As earnings season comes to a close investors look down the line. The US major stock market indexes tested the top of the range faded, then started North again Friday as new money flowed in. The market remains at the inflection point and will breakout or move back down to […]
$RACE Ferrari’s (NYSE:RACE) Sebastian Vettel wrapped up F1’s pre-season testing with the fastest lap for Ferrari on Friday but MercdesAMG’s Lewis Hamilton kept the Silver Arrow on the pace despite Ferrari’s half sec advantage. With teams packing up and heading home before the opening race in Australia on 17 March the evidence from 8 days […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 advanced as much as 0.8% Monday after President Trump said he will extend the 1 March trade deadline, as negotiations with China have progressed favorably. The benchmark index retreated throughout the session as it tapped up against some mild overhead resistance, but finishing higher by 0.1% above […]
$DIA, $SPY, $QQQ, $RUTX, $VXX As earnings season comes to a close investors look down the line. No trade deal announced yet, but President Trump and Top Chinese negotiators in Washington concurred there will likely be 1 and the 1 March deadline for the tariff hike was pushed Sunday, the Chinese FM returns to Beijing […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Earnings coming to an end, as investors look farther down the line. Last Friday was options expiration, and we saw allocation of new Wall Street money to the financial, industrial, home-centric, and energy stocks. Notably, other sectors did not sell off, but paused to refresh. This is the perfect scenario: […]
$RACE Last December Ferrari (NYSE:RACE) CEO Louis C. Camilleri’s purchased company stock, and he is now in the Pole position to earn millions of dollars, as the company drives forward on all 12 cylinders. Last July, Ferrari announced MR. Camilleri, former Chairman & CEO of Philip Morris International, was to take the helm following the untimely death of CEO & Chairman Sergio Marchionne. At […]
$DIA, $SPY, $QQQ, $RUTX, $VXX More earnings coming, but investors are looking farther out now. Last week the market was set up to pullback, and trade triggered the action. The selling was not heavy, but a normal pullback to near-term support by the index marks and by most of the leadership issues The action is […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Earnings Monday This week more earnings, while the economic data slows a bit. Good breaks higher that held for the indices and many stocks within. The Key will be if new money comes in to extend the rally. Semi’s are back in leadership, this is a huge Northside indicator. China […]
$DIA, $SPY, $QQQ, $RUTX, $VXX Once again, the US stock market was primed to rebound, it rebounded into the shortened holiday week, there is plenty of money still on Wall Street’s sidelines. The 3rd leg is happenig with SOX, and the NAS Comp. The other indices are moving up off their tests with the semis […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, Once again, the US stock market was primed to rebound, it rebounded extending into options expiration, + there is plenty of money still on Wall Street’s sidelines. The US financial market was closed Monday for a Holiday, Options expiry brought a big Northside move. Perhaps we will see come giveback […]
$RACE The Big Q: Can Ferrari really rally back to $153/share and higher? The Big A: Shares of Ferrari are participating in this rally and racing higher since bottoming at 93.85 on 27 December and reversing. The shares gaped up on the open and finished at 111.19 on Wednesday, 9 January in NY, or 2.40% […]
$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, $XRT, $AMZN, $VXX The S&P 500 rallied 5.0% Wednesday from extremely oversold conditions Rebounding Crude Oil prices, strong holiday sales, and some short covering drover the S&P 500 to its best 1-day gainer since March 2009. The Dow Jones Industrial Average gained 5.0%, the NAS Comp gained 5.8%, and the Russell 2000 […]
America Leads, the Rest of the World Follows $DIA, $SPY, $QQQ, $RUTX, $VXX Saturday’s truce in the US-China trade dispute put investors in buy mode Monday, driving US stocks due North, extending the market’s gains on last week Key reversal confirmation. The broad rally followed huge US futures gains that triggered overseas markets as investors […]
Bitcoin’s (BTC) Price Dove 36% in November $BTCUSD Overview The Bitcoin market is likely showing signs of capitulation. A break below the neckline support at $4,120 has neutralized the immediate Bullish outlook put forward by the double bottom breakout Thursday. A move below $3,771 invalidates the Bullish setup on the daily and allow re-test of the recent […]
Dine on Organic Turkey This Thanksgiving Still deciding whether to buy an Organic turkey or a conventionally raised bird for Thanksgiving this year? This is a Key reason to consider going Organic: Turkeys that carry the USDA organic seal are not given antibiotics. About 80% of the antibiotics sold in the US are used in industrially produced livestock. […]
Crude Oil Dives, Energy Stocks Weight on Broad Market $DIA, $SPY, $QQQ, $RUTX, $USO, $VXX The S&P 500 closed Tuesday with a loss of 0.2%. The benchmark index climbed as high as 1.0% on news from the White House of US-China trade negotiations being back on, but energy stocks eventually led the broader market South […]
All Indicators Say, “S&P 500 Will Hit 3,000 by Year’s End” $DIA, $SPY, $QQQ, $RUTX, $VXX Investment guru Byron Wien predicts that this Bull run, the longest in history, in the stock market is not over, and there is no recession in sight. Mr. Wien recently said in a TV interview that he is “not […]
Democrats Do Not Have the Power to Sway Economy Even With Midterm Upset $DIA, $SPY, $QQQ, $RUTX, $VXX US President Donald Trump warned that if Democrats regain political power in the midterm Congressional elections, the US economy could implode, because: Democrats would push tax hikes and environmental restrictions that stifle growth. Undocumented immigrants would steal […]
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 […]
Fed Will Fade, Halt Interest Rate Hikes After December $DIA, $SPY, $QQQ, $RUTX, $VXX Jim Cramer says Fed Chairman Jerome Powell will hike interest rates once more in December and then stop. “I just think he’s going to blink,” Mr. Cramer said on TV Monday “It’s going to be 1 and done in December. That’s […]
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, […]
Expect Strong Earnings, Forward Expectations to Drive Markets to Record Highs $DIA, $SPY, $QQQ, $RUTX Wall Street’s longest Bull market rally is alive and well after last weeks healthy pull back and will continue to run North into the record territory. Last week’s pull back action is not indicative of any fundamental changes in the […]
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, […]
Wall Street Applauds New USMCA Trade Deal $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, Wall Street opened Q-4 on a positive note as a President Trump’s USMCA trade pact eased participants concerns. The DJIA finished strong, up 0.7%, but the NAS Comp closed 0.1% lower. The Russell 2000 also closed lower, off 1.4%. Canada and Mexico […]
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 […]
DOJ Should Investigate Anonymous ‘Resistance’ Op-Ed Author US President Donald Trump said he wants AG Jeff Sessions to investigate the author of an anonymous NY-T’s op-ed claiming that Top officials in his Administration are working to thwart Presidential actions they consider misguided. “I think it is national security. I would say Jeff should be investigating […]
Morning Briefing: Major World Equities Market Indexes $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DAX looks Bearish near to medium term. DJIA, Shanghai and Nifty have a bit room to the Southside before a bounce higher, Japan’s Nikkei is trading above support marks and could start moving up again next week. PE In Washington US and Canadian officials continued to negotiate […]
Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month on not. Key support near 95 on the US Dollar (.DXY) Index could lead to USD strength again, the support is holding.PE Notes: The USD strengthened a […]
Morning Briefing: Major World Equities Market Indexes $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DAX looks Bearish near to medium term. DJIA, Shanghai and Nifty have a bit room to the Southside before a bounce higher, Japan’s Nikkei is trading above support marks and could start moving up again next week. PE In Washington Trade talks between the US […]
Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month on not. Key support near 95 on the US Dollar (.DXY) Index could lead to USD strength again, the support is holding.PE Notes: The USD strengthened a […]
Morning Briefing: Major World Equities Market Indexes $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Globally, stocks look Bearish in here, except DAX which could bounce from support below current levels. Nifty and Nikkei have room on the Southside too. Shanghai could range trade this week with some Bearishness. And overall the DJIA is Bullish after a pause […]
Forex Major Pairs Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Again, we are at important marks in most currencies. There is the chance that the current USD’s strength could see a correction/reversal early this month. Supports are holding.PE Notes: After a quiet Monday due to holidays in USA, the USD strengthened a bit Vs the Euro and Sterling from Tuesday’s session.It […]
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 […]