January 2017

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.25%) are down -0.12%, led by weakness in energy producing stocks, with Mar WTI crude oil (CLH17 -0.15%) down -0.25% at a 1-week low. Crude prices are under pressure on expectations that tomorrow’s weekly EIA data will show U.S. crude inventories rose +3.0 million bbl. European stocks are Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.26%) are down -0.28% and European stocks are down -0.90% on concern the Trump administration’s isolationist policies may slow global trade. Many international companies, such as Apple and Google, have said that President Trump’s executive order halting immigration from seven African and Middle Eastern countries threatens to choke Read More

The last six week range has finally been resolved with a Spring (false thrust down turned into bullish break out). As suggested in the last review, taking out the previous Friday’s High within the first two days of the week should create a new all time High, which it did. The previous week ended as Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.02%) are down -0.05% and European stocks are down -0.56% as weakness in European banks drags the overall market lower. UBS is down nearly 3% and is leading losses in bank stocks after it reported margins at its wealth management business declined for a third straight quarter. Weakness Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.03%) are up +0.03% at a fresh all-time nearest-futures high and European stocks are up +0.22% at a 13-month high as global equity markets continue this week’s rally on expectations of stronger economic growth and government spending by the Trump administration. Stronger-than-expected UK Q4 GDP was positive for Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.32%) are up +0.26% at a new all-time nearest-futures high and European stocks are up +1.10% at a 1-week high on optimism over the global economic outlook. Mar COMEX copper (HGH17 -0.55%) climbed to a 1-3/4 month high in overnight trade before falling back as expectations for stronger Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.01%) are little changed, down -0.02%, while European stocks are up +0.11% on reduced Brexit concerns after the UK’s highest court ruled that Prime Minister May must seek an act of Parliament to start the 2-year countdown to Brexit, which may give British lawmakers a chance to soften Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.22%) are down -0.19% and European stocks are down -0.35% at a 3-week low on concern over the Trump administration’s trade policies. President Trump’s inauguration speech Friday was construed as negative with very nationalist, protectionist rhetoric that has spurred concerns over global trade. A -1.16% decline in Mar Read More

The passing week has been the 6th consecutive narrow range week, consolidating on the Highs. The current price action reveals that the decision for the next move might be very closed: Taking out the Weekly Low might cause the market to decline to the 19400 area. Since this is the first setup in a counter Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.18%) are up +0.15% and European stocks are up +0.36% on signs of strength in the global economy after China Q4 GDP grew more than expected. The markets are also awaiting any signals from President-elect Trump, who will be sworn in as President today, for indications his administration Read More