November 2016

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.26%) are up +0.22% and European stocks are up +0.32% at a 1-week high as strength in energy producing stocks leads the overall market higher. Jan WTI crude oil (CLF17 +7.96%) has surged +7.12% to a 1-week high after OPEC ministers expressed optimism about a deal to cut Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.22%) are up +0.14% and European stocks are up +0.33%. Equities received a boost after Eurozone Nov economic confidence rose to the highest in 11 months, although trading was subdued ahead of the OPEC meeting Wednesday and Sunday’s referendum in Italy on constitutional reforms. On the negative side, Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 -0.21%) are down -0.37% as prices consolidate following Friday’s rally to a record high. European stocks are down -0.77%, led by a sell-off in Italian bank stocks, as Italian Prime Minister Renzi faces a referendum next Sunday that may see voters reject his constitutional reform and force him Read More

After a narrow range week, the market renewed the thrust up, printing a strong bullish week with no Daily exception. Interestingly, the market skipped the important resistance above is the 19080-19100 level area, (19087 is the 161.8% extension of the bearish market of 2007-2009, but we are currently still in that area, and of course Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.20%) are up +0.16% at a new all-time nearest-futures high as trading resumes from Thursday’s Thanksgiving holiday. Stock prices are still getting a boost on optimism that President-elect Trump’s pledges to increase fiscal spending and cut taxes will spur economic growth and corporate profits. European stocks are little Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 unch) are little changed, down -0.07%, as they consolidate just below Tuesday’s all-time high. European stocks are down -0.65% due to a slide in Italian bank stocks. On the positive side for European stocks is strength in European manufacturing activity after the Eurozone Nov Markit manufacturing PMI unexpectedly Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.27%) are up +0.28% at a record high and European stocks are up +0.66% as strength in crude oil and copper boosts mining companies and commodity-producing stocks. Jan WTI crude oil (CLF17 +0.10%) is up +0.37% at a 3-week high on optimism OPEC will agree to reduce output Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.18%) are up +0.18% and European stocks are up +0.49% on speculation U.S. President-elect Trump’s policies will spur economic growth. Also, a rally in energy producing stocks is giving the market a boost with Dec WTI crude oil (CLZ16 +1.90%) up +1.90% at a 2-1/2 week high after Read More

A very quite, relatively narrow range week has passed. Mostly sideways action and a clear shortening of the thrust on the Weekly chart. However, the Weekly bars are stick to the upper Bollinger band, penetrating it considerably, and the price stays on the Highs. The Dow lately is one of the strongest stock indices. In Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.05%) are down -0.13% and European stocks are down -0.72%. A +0.07% increase in the dollar index (DXY00 +0.10%) to a new 13-1/2 year high has undercut commodity prices and is leading commodity and raw-material producing stocks lower. The likelihood of a Fed rate hike next month has Read More