$XAU, $XAUUSD, $GLD FLASH: The Gold markets pulled back during the week, but then found enough support at the uptrend line of the ascending triangle to reverse and break above the Key $1450 mark Friday, US Gold futures settled near 6-year highs +1.8% at $1,457.50 oz, helped along by prospects of safe-haven investments,trade threats from […]
$XAU, $GLD, $USD Gold markets extended the rally Monday, that being the case, the 1400 psych mark underneath should offer support, and notably it is a large, round, psychologically significant mark. As long as the price holds above that mark, this market is Bullish to Very Bullish, but there is lots of support marks underneath […]
US homebuilders’ sentiment unexpectedly posted the 1st decliner this year, suggesting lower mortgage rates are failing to give the housing market a sustained boost amid property prices that remain out of reach for many buyers. The National Association of Home Builders/Wells Fargo Housing Market Index fell 2 points below the consensus estimate at 66 to 64 in […]
US consumer sentiment spiked to the strongest marks since Y 2004 on a surge in economic expectations following an unexpectedly strong report on first quarter growth. The University of Michigan’s preliminary sentiment index rose to 102.4 in May, topping all estimates in a survey of economists who had projected the gauge would hold at 97.2. 5 years […]
$GLD, $XAU, $USD Forbes.com recently published 3 reasons why savvy investors need to always own gold in their portfolios. Essentially, you can never play it too safe when it comes to investing. “Holding an overweight position of an unlevered asset with limited supply such as gold will offer one of the few safe havens for […]
Sentiment among US home-builders climbed to a 6-month high in April, another indication that the housing market is gathering momentum during the Key Spring season. The National Association of Home Builders/Wells Fargo Housing Market Index rose 1 point to 63, matching the median estimate in Bloomberg’s survey of economists, on improvements in present sales and buyer traffic, […]
$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 […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The majority of Fed officials last month believed that economic conditions would likely warrant keeping its Dovish monetary policy unchanged for the rest of this year. Several officials said their view could shift in either direction based on incoming data, according to minutes of the meeting released Wednesday. Weaker growth […]
$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 […]
$RACE FLASH: Smart Money is right about Ferrari Ferrari N.V. (NYSE:RACE) investors should be aware of an increase in enthusiasm from smart money in here. Our calculations also showed that RACE isn’t among the 30 most popular stocks among hedge funds aka smart money. In today’s market there are a large number of indicators investors […]
$DIA, $SPY, $QQQ FLASH: 10 years Friday the US stock market hit the bottom of the Great Recession. Today, 10 years later, the US stock market is acting as if the economic expansion, now in its 117th month, is going to continue and likely accelerate. The S&P 500 is up 10% YTD The benchmark index […]
FLASH: Inflation expectations fell to a 50 year lows in February, according to the University of Michigan’s Survey of Consumers (MSI). Overall consumer sentiment bounced back in February following the end of the Federal government shutdown, although the rebound was smaller than economists anticipated. The survey produced a reading of 93.8 for final February, up 2.6 points […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: March is shaping up as pivotal for the world economy. The coming weeks are set to offer clarity on a US-China trade deal, Britain’s fate within the EU and any signs that China’s economy is turning around. Also, President Trump is mulling a report that may lead him to […]
$JMP, $GS, $USD FLASH: Jamie and ‘Goldie’ have different outlooks JPMorgan (NYSE:JPM) CEO Jamie Dimon does not agree with economic doomsayers. The boss of the largest US bank acknowledged a growing number of potential obstacles to the economy that carried his firm to record profits last year. That caution was reflected in JPMorgan Chase & […]
French yellow vest protest organizers are trying to tamp down violence and anti-Semitism in the movement’s ranks as they launch a 15th straight weekend of demonstrations. Hundreds of people gathered Saturday at the Arc de Triomphe monument for a march through prime Paris neighborhoods to protest President Macron’s government policies they see as favoring the […]
The sentiment among US homebuilders rose in February for a 2nd month runnning exceeded all forecasts, as lower mortgage rates and a strong labor market help stabilize demand. The National Association of Home Builders/Wells Fargo Housing Market Index rose to 62 from 58 amid broad improvement on gauges of sales, expectations and buyer traffic, data released Tuesday […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Progress of President Trump’s Policies Bringing On Continued Stock Buying Interest US futures point to a higher start this morning with sentiment boosted by US lawmakers reaching an agreement in principle to possibly avert another government shutdown later this week. The S&P 500 futures trade 18 pts, or 0.7%, […]
$SPY, $QQQ, $RUTX, $VXX FLASH: Investor get excited by higher prices for financial assets. If prices of stocks 2X, it is likely that investors will want them more, and the more they go up, the more investors tend to want them, this is known as “fear or missing out,” or FOMO. So, that is why […]
The measure of US consumer sentiment improved for the 1st time in 5 weeks as political tension in Washington eased after the longest government shutdown in the country’s history. The Consumer Comfort Index rose to 58.2 last week from 57.4, according to a report Thursday. A measure of ratings about personal finances climbed to a […]
$SPY Our work shows that calls for this Bull Market’s end are premature if not uncalled for. We here at HeffX-LTN believe that stocks will break out to all-time highs this year. The case for a continuing Bull Market is based on a chart pointing to negative market sentiment. At the end of Y 2018 our […]
$BAC, $STI, $SHW, $SWK There are no shortage of warning signs for the housing market, but Bank of America (NYSE:BAC) says investors should not fear the worst. “Do not believe the narratives of a housing collapse,” economist Michelle Meyer wrote in a note to clients Tuesday. Ms. Meyer said the challenges facing the sector “should […]
$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 […]
Bitcoin (BTC) Price Dives 12%, Sentiment Sours $BTCUSD Monday, Bitcoin (BTC) plunged more than 12%, extending declines in recent weeks in a broad-based selloff in digital currencies as sentiment sours. Several factors have accelerated the downturn, analysts said, including increased US regulatory scrutiny and a delay to January 2019 of the widely-anticipated launch of Bitcoin […]
Chinese Investors Sentiment is Very Weak, Conditions Abroad Have Little Influence $ALMMF, $CHL, $PTR Market sentiment is very weak. President Xi’s government is struggling to dispel such gloom and talk stock prices back up with promises of tax cuts, more bank lending and a media campaign. The benchmark Shanghai Composite Index sank 30% from January […]
US Consumer Sentiment on Track for Best Year Since 2000 Consumers ready to Pick Up Spending Heading into Holiday Season US consumers have greater certainty about job and income prospects. University of Michigan’s (MSI) consumer sentiment index flat to unchanged but remains strong US consumer sentiment topped analysts expectations to stay on track for its best […]
Buy the Dip: “Fed has the Market’s Back” $DIA, $SPY, $QQQ, $RUTX, $VXX Investors should take advantage of this market pull back, the deepest in 3 years to position for a year-end rally as fears over Fed Hawkishness are likely overdone. While catalysts cited behind the Southside action ranged from peak earnings growth to trade […]
US Homebuilder Sentiment Up On Solid Demand October’s pickup in sentiment across the 3 sub-indexes and all 4 regions indicates the market for newly-built homes Confidence among America’s homebuilders unexpectedly rose in October, registering the 1st gainer in 5 months amid falling lumber prices and solid demand, according to a report Tuesday from the National […]
Retail Investors Coming into Stock in Droves $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks delivered the best Quarterly run in almost 5 years, luring retail investors back into the longest Bull market on record just as Wall Street started flashing yellow lights. Individual investors drew down cash balances at brokerage accounts to record lows as […]
The Trump Effect: DJIA, S&P 500 Mark Record Highs $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wall Street delivered another set of milestones as buying drove US stocks due North, driving the DJIA above the all-time high it closed at in January, marking the 100th record high for DIA since President Trump took the Oval Office […]
Suspicious Trading In Bitcoin (BTC) Raises Red Flags $BTCUSD, $GS In the 1st week of September, Bitcoin saw its price fall by about 14%, from 7,380 to 6,410 following news that Goldman Sachs (NYSE:GS) was going to halt its plans to set up a digital currency trading desk. While it turns out that this news […]
Americans are Optimistic About the Future $DIA, $SPY, $QQQ, $RUTX, $VXX Economists say the country is close to full employment, but pay gains for American workers have been flat since Y 2015. Even last week’s upward blip in wage growth could be wiped out by inflation. Yet Americans have not been this optimistic about future […]
Highlights of the Michigan Sentiment Index (MSI) for August US consumer sentiment fell by less than expected in August on a positive outlook for the economy and a strong job market, a University of Michigan report showed Friday. Highlights of Michigan Sentiment (August, Final) Sentiment index decreased to a seven-month low of 96.2 (est. 95.5) […]
Investors Cautious on Equities Despite Low Unemployment, Strong Growth Americans were less upbeat about stock even as the US unemployment rate hovered near an 18-year low and the economy recorded its fastest growth pace in four years in the second quarter, a New York Fed survey released Monday revealed. The regional Fed’s barometer on consumers’ […]
US Retail Sales Strong in 2018 $M, $WMT, $COST, $USO NRF Lifts 2018 Retail Sales Forecast on Strong Job Market, Tax Reform The National Retail Federation on Monday raised its US retail sales forecast for Y 2018, citing higher wages, gains in disposable income and a strong job market that have boosted consumer spending. The […]
Bitcoin (BTC): 6000 is a Key Technical Mark for the Cryptocurrency $BTCUSD Currently, Bitcoin is trading at 6,342.9951,-12.00, or -0.19%, as of 5:58a BST, the market is open Bitcoin’s 6,000 price mark Key support, as for most part of Q-2 of Y 2018, Bitcoin price has hung around this zone with multiple bounces off the support mark. […]
US Home-builder Sentiment Solid on Strong Demand US home-builders confidence is steady in July, as solid job gains support demand while elevated material costs pressure developers, according to a report Tuesday from the National Association of Home Builders/Wells Fargo. Highlights of Home-builder Sentiment (July) Housing Market Index unchanged from prior month at 68 (est. 68) Gauge of 6-month […]
US Consumer Comfort on Highs $DIA, $SPY, $QQQ, $RUTX, $VXX S&P 500 retests its 50-Day Moving Average at 2717 Americans’ sentiment improved to the best mark in 2 months on brighter views of the economy and personal finances, the Consumer Comfort Index reveled Thursday. Highlights of Consumer Comfort for the Week Ended 24 June 2018 […]
MSI: Consumer Sentiment Rises on Americans Optimism US consumer sentiment rose this month amid more-favorable personal finances, while tariffs weighed on Americans’ optimism for the economy and helped boost inflation expectations to a three-year high, according to a University of Michigan report Friday. Highlights of Michigan Sentiment (June, Preliminary) Sentiment index rose to 99.3 (est. 98.5) from 98 […]
US Consumer Sentiment Running High and Higher $DIA, $SPY, $QQQ, $VXX US consumer sentiment held steady on a gain in American household expectations, according to a University of Michigan report Friday. The MSI held steady at a solid 98.8 for preliminary May, the University of Michigan’s Consumer Survey Center reported. The comparable April reading was also […]
Bitcoin Marks 6-wk Highs on Bullish Sentiment $BTCUSD Bitcoin (BTCUSD) marked 6-wk highs Tuesday on Bullish headlines that included the possible entry of major financial institutions into the nascent asset sector, boosting sentiment on the overall cryptocurrency market. The world’s largest cryptocurrency gained after a 50% Fibo correction in Q-1 of this year, following a […]
People are asking, “Is the Bitcoin Bull Back?” $BTCUSD Is the Bitcoin Bull is back? Yes, it could be, we will see soon enough. Bitcoin prices started to run this week, signaling the Bullish sentiment may have returned to the crypto markets. Bitcoin rose Thursday supported by ongoing demand for cryptocurrencies. Currently, Bitcoin is trading […]
Americans Rate President Trump Highest on Economy, Wall Street Responds $DIA, $SPY, $QQQ, $VXX Americans evenly divided in their opinions of how President Donald Trump is handling the economy with 46% saying he is doing a good job and 47% saying he is doing a poor job of making the US prosperous, according to researcher Gallup. […]
President Trump’s Tax Reform has Consumer Sentiment Jumps at 14-Yr Highs US consumer sentiment in March unexpectedly jumped to a 14-year highs after tax cuts boosted disposable incomes, while new tariffs boosted inflation expectations and dimmed the outlook, a University of Michigan (MSI) survey showed Friday. Highlights of Michigan Sentiment (March, Preliminary) Sentiment index rose to […]
Gold Stocks are Oversold, Gold Bullion is Not $GLD, $SLV The precious metals sector continues to correct and consolidate. Gold remains in a Bullish consolidation. It recently tapped resistance again and even though it has failed to breakout, it remains above long-term MS (moving averages) which are sloping upward. The Gold stocks and Silver remain […]
Bitcoin Breaks 50-Day MA for 1st Time Since January $BTCUSD Monday, Bitcoin Bulls may have seen the technical beak-out they have been looking for. The world’s biggest cryptocurrency by market value rose above its 50-Day MA for the 1st time since mid-January, up as much as 5.8% Monday, the most in 2 weeks. Currently, Bitcoin […]
Inflation & Gold, the Link Between the Elements $GLD The Big Q: On fueled inflation will Gold’s price soar? The Big A: The recent US NFPs report showed that wages had jumped 2.9% in January on an annual basis. It was the best since Y 2009, which awakened investor fears of inflation. That’s why investors awaited Wednesday’s data on […]
The Trump Effect Continues, Consumer Sentiment Spikes, Stocks Recover $DIA, $SPY, $QQQ, $VXX US consumer sentiment rose in February to the 2nd-highest mark since Y 2004 as tax cuts and a strong job market helped Americans shrug off stock-market volatility, a University of Michigan survey showed Friday. Highlights of Michigan Sentiment (February, Preliminary) Sentiment index rose to […]
PPI Came in ‘Hot’, Traders Shrug it Off, Market Soars $DIA, $SPY, $QQQ, $VXX Thursday, Wall Street marked it 5th session running of gains, led technology stocks as investors shrugged off inflation worries that may have roiled the markets early this month. Traders shrugged off economic data for a 2nd consecutive session that indicated inflation […]
US Homebuilder Sentiment Beats, Marks 18 yr Highs Confidence among US homebuilders rose in December to the highest mark since July 1999, exceeding all analyst estimates, as a growing economy boosts housing demand, according to data Monday from the National Association of Home Builders/Wells Fargo. Highlights of Homebuilder Sentiment (December) Housing market index rose to 74 from […]
Ferrari (NYSE:RACE) the One Automaker to Buy $RACE So let’s talk about Ferrari (NYSE:RACE) the one automaker the leads the entire automotive sector by ‘miles’ Ferrari celebrated its 70th Anni in Y 2017, and looks poised for record growth in the coming years. The Big Q: Why Ferrari is racing ahead of all rivals? Ferrari’s cars are […]
The Step Sum Boxes for DJIA and Gold $DIA, $GLD, $SLV Once again, the DJIA, aka Dow Jones, closed the week at a new all-time high, another BEV Zero in the Bear’s Eye View chart below. That makes 82 new all-time highs since last November’s Presidential election. That’s 30% of the Dow Jones’ daily closings […]
US Consumer Sentiment Falls on Inflation, Rate-Hike Fears $DIA, $SPY, $QQQ, $VXX US Consumers remain optimistic about employment and the economy. US consumer sentiment in fell on expectations that inflation and interest rates will rise, according to a University of Michigan report Friday. Highlights of Michigan Sentiment Indicator (November, preliminary) Sentiment index dropped to 97.8 (est. 100.8) […]
Highlights of Michigan Sentiment Indicator for October Consumer Sentiment climbed in October to the highest mark since the start of Y 2004 as US households grew upbeat about the outlook for the US economy, a University of Michigan (MSI) survey showed Friday. Highlights of Michigan Sentiment (October, final) Sentiment index rose to 100.7 (matching est.) […]
US Homebuilder Sentiment (NHAB) Rises, as Sales Slow US homebuilders are feeling more optimistic than they have in months, looking past a recent slowdown in new home sales and the risk of rising labor and materials costs following hurricanes Harvey and Irma. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday rose 4 points […]
US Consumer Sentiment Spikes to 13-Year Highs US consumer sentiment (MSI) rose to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Friday. Highlights of Michigan Sentiment (October, preliminary) Sentiment index rose to 101.1 (est. 95), highest since January 2004, […]
Sentiment Indicators are Very Bullishness $DIA, $SPY, $QQQ, $VXX The recent economic reports have been overall positive, and better than expected. Many of those reports were sentiment oriented, reflecting optimism about the future of the economy. Markets responded to the notion of tax reform, with US stock markets providing a steady stream of all time […]
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 […]
Dow Jones Industrial Average Marks Another Record High $DIA, $SPY, $QQQ, $VXX The Trump Effect is preventing a US stock market crash Robert Shiller is warning investors that just 1 aspect is keeping today’s high-flying stock market from crashing like it did in Y 1929. The Yale University economics professor explained that there’s one vital […]
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 […]
Focus on Gold, Silver, Precious Metals Mining and Royalty Streaming $GLD, $SLV, $MTAFF, $IBM, $WMT To start this is gold’s step sum chart going back to November 2010. For almost a year (November 2010 to August 2011) gold’s step sum saw an amazing ascent; rising from 220 to 275 (55 net advancing days) in a […]
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 […]
US Consumer Comfort Falls After 7 Straight Weekly Gainers $DIA, $SPY, $QQQ, $VXX Americans’ confidence eased from a 16-year high last week, though relatively high optimism should continue to support spending, according to the Consumer Comfort Index figures released Thursday. Highlights of Consumer Comfort, Week Ended 3 September Consumer comfort measure fell to 52.6 from […]
Dubai Property Market Sentiment Worse Than Last Year The Core Savills reveals that there were misconceptions about oversupply in the emirate but rents could continue to soften. Only about 33% of people in Dubai believe the Emirate’s property market has shown signs of recovery, indicating worse sentiment than last year, according to a survey by […]
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 […]
The Trump Rally Extends, DJIA, SP 500 at Record Highs $DIA, $SPY, $QQQ, $VXX US stocks finished higher Monday, with the DJIA closing at a record high, after marking another all-time high at the open. The rise in the DJIA also put the blue-chip index on track to close higher for the 10th day running, […]
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 […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Wall Street earnings are winding on down and we have a light economic reports week ahead: Empire manufacturing Monday. Housing starts, Industrial production and Capacity Tuesday and Philly Fed Friday. This week the NYSE indices may try to follow the path of the NAS Comp […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Friday’s action in the major US stock market indexes indicated they were ready to make a break North. The S&P 500 led the charge with a solid advance through the highs of its recent range. The us market indexes have consolidated in tight ranges and […]
There is a Lot Going on in the Markets this Week… $DIA, $SPY, $QQQ, $VXX US stocks posted a gainer in April, thanks solid corporate earnings and the anticipation of significant federal tax cuts. The outperforming NAS Comp extended its winning streak to a 6th month running, while the DJIA followed with 5 of 6 […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The Northside move last week followed by a test has the Wall Street indexes in position to rally to higher highs in here. New months often bring new money, and now there may be some eager to put money to work. At the weekend we […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Note: At 5:18 a EDT on 24 April the major US stock market index futures are trading significantly higher across the board with S&P 500 June at + 25.75 The US stock market may well be influenced by the outside EU political factors, but just as […]
US Homebuilder Sentiment Slips, Overall Outlook Still Positive $DIA, $SPY, $QQQ, $VXX US homebuilders are a bit less optimistic about their sales prospects, as their overall outlook still remains favorable. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday slipped to 68 this month. That’s down 3 points from 71 in March, […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings season has started and financial results last week were not bad, but the market paid no attention. The media pundits are calling the end of The Trump Rally, and for the same major crash that they were calling for last November, others dialed back their Bullishness. […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The US markets are stable in here, even though our US Navy battleships are sailing to North Korea, and Russian warships are steaming to Syria. Notably, the Wall Street sellers were not selling Friday, and the futures are up this morning pre-market. Steel stocks are […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This stock market is resilient, the DJIA at 20663.77, -0.31% wants to rise from marks near 20400, and could inch up towards 21200 near term. There is some room on the Northside near term. A re-test to 20500-20400 could occur during this week, setting up […]
The Trump Effect: American Consumer Sentiment “Sunny” $DIA, $SPY, $QQQ, $VXX US Consumer Sentiment rose in March as Americans registered “Sunnier” views about the state of their finances while becoming less upbeat about the long-term economic outlook, University of Michigan (MSI) survey data showed Friday. Key Points are as follows: Final sentiment index rose to […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This market is resilient, ‘The Paul Ryan Healthcare Failure ‘ was political theater produced by US President Donald Trump, the focus is now on his tax reform and infrastructure packages. Barack Obamacare will die on its own, then President Trump’s America’s Healthcare will be back on […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX At the weekend the G-20 meeting concluded with the US asserting more nationalistic positions. That brings up the Currency markets, and how they will react to the communique? The FOMC rate hike did little to move the market as it was factored in already. The […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Could see a Fed rate hike, 93% possible according to the CME’s Fed Funds Futures, and the US reaching the debt ceiling limit this week. Expect it to extend with out a fuss. The NFPs may have (may not have) sealed the rate hike, President […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX S&P 500 futures Vs fair value: -7.30. NAS Comp futures Vs fair value: -13.90 at 6:30a EST The Fed moved last week with a series of statements and speeches about how the time is appropriate for a rate hike, aka jawboning the markets. If the NFPs […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Last week started strong, ended strong, the bids were there on the dip and the indexes recovered holding the trends and looking higher. The US market started to see some leaders struggle: materials, metals, industrial equipment, and some chips. If leaders cannot hold the line […]
AAII Sentiment Survey, 23 February 2017 $DIA, $SPY, $QQQ AAII Sentiment Survey: Optimism at 6-Week Highs The AAII Sentiment Survey has been conducted weekly since July 1987 and asks AAII members whether they think stock prices will rise, remain essentially flat or fall over the next 6 months. The survey period runs from Thursday (12:01a […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The internals and sentiment continue to suggest a pullback in here, but leading stocks keep finding a way to rally or hold their gains and support while waiting for money to rotate back their way so they can extend The Trump Rally. So, as long […]
The Market Knows What the Market Knows, the Financial News is Real $SPY Buy the News, Sell the soft Data. That is the conclusion drawn from a paper by the Federal Reserve Bank of San Francisco, which suggests that financial news holds predictive power when it comes to economic data. Stories about the US economy […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The US major stock market indexes broke higher to new highs once again to close the week Friday. The breakout that was rejected at the top of the range, now another run at a breakout. The Big Q: Will there be a 2nd rejection? The […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The major US NYSE stock market indices are trading in their respective ranges, the Wall Street sellers have been unable to break them down and our their ranges. As of Friday, they are at the Top of their ranges and trying to follow NAS Comp […]
AAII Sentiment Survey, 2 February 2017 Neutral Sentiment Rises to Highest Level Since Early November 2016 $DIA, $SPY, $QQQ, The AAII Sentiment Survey has been conducted weekly since July 1987 and asks AAII members whether they think stock prices will rise, remain essentially flat or fall over the next six months. The survey period runs […]
