January 2017

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.20%) are down -0.03% and European stocks are up +0.14%. U.S. stock futures are being dragged lower by weakness in retailers with Kohl’s down 13% and Macy’s down 10% in pre-market trading after both companies cut their 2017 EPS forecasts. Losses were limited as energy producers rose with Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.18%) are up +0.16% as mining companies rose with the price of Mar COMEX copper (HGH17 +0.76%) up +0.72%. European stocks are down -0.02% after a larger-than-expected increase in Eurozone Dec CPI dampened expectations that the ECB will expand stimulus measures. Eurozone Dec CPI rose a more than Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.79%) are up +0.78% and European stocks are up +0.27% at a 1-year high on signs of strength in the global economy. A gauge of manufacturing in China climbed at its fastest pace in 4-years last month, while UK manufacturing activity last month expanded at the fastest pace Read More

The market closed the year with a minor retracement week. It was the first week for the past 8 weeks not to penetrate nor touch the Weekly upper Bollinger band. While on the Weekly and Monthly timeframes, everything looks very bullish, the important distinction is on the Quarterly and Semiannual timeframes. Eventually, the thrust of Read More