News

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 -0.32%) this morning are down -0.20% and European stocks are following U.S. equities lower as they are down -0.07%. Concern over U.S. economic momentum is weighing on stocks after Monday’s report on auto purchases showed consumers were reluctant to spend as U.S. Mar auto sales fell to their Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 -0.01%) this morning are little changed, up +0.02%, and European stocks are down -0.09% as they fall back from a 1-1/3 year high. A decline in the Eurozone unemployment rate to a 7-3/4 year low along with dovish ECB commentary had lifted the Euro Stoxx 50 to a Read More

After the previous bearish week, the last week of March and the 1st Quarter of 2017 was rather bullish, ending as a bullish Weekly Pinbar. Important to notice that in this case it is not on a sloping 8 EMA, the 8 EMA short term sentiment line is currently rather horizontal. The Monthly bar showed Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 -0.22%) this morning are down -0.25% on concern over the future of U.S. trade policies after Commerce Secretary Ross said President Trump will order a comprehensive study to identify every form of “trade abuse” that contributes to U.S. deficits with foreign countries. European stocks are down -0.29% on Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 -0.13%) this morning are down -0.13% and European stocks are down -0.26% after a gauge of Eurozone economic confidence unexpectedly declined. The Eurozone Mar economic confidence unexpectedly fell -0.1 to 107.9, weaker than expectations of +0.3 to 108.3. Also, weaker than-expected regional German inflation data point to a Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 unch) this morning are little changed, down -0.02%, and European stocks are up +0.08% at a 1-1/4 year high. Strength in crude oil prices is lifting energy producing stocks with May WTI crude oil (CLK17 +0.41%) up +0.45% at a 1 week high on disruptions in Libyan oil Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 -0.01%) this morning are up +0.05% and European stocks are up +0.21% as a rally in crude oil pushes energy producing stocks higher. May WTI crude oil (CLK17 +0.82%) is up +0.69% on global supply concerns after Libya said its crude output dropped to 560,000 bpd from 700,000 Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 -0.80%) this morning are down sharply by -0.82% at a 1-1/2 month low after Friday’s failure by House Republicans to pass their health-care bill bolstered concern that the Trump administration will be unable to pass its pro-growth tax reform and infrastructure spending plans. European stocks are down -0.33%, Read More

20 weeks after the US elections, a big bearish Weekly bar was seen for the first time. Like the S&P Futures, the Dow Futures have made an Upthrust (false thrust up followed by a reversal to the other direction) last Tuesday, revealing  weakness. The current correction is seen on the Daily chart as an AB=CD Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 +0.16%) this morning are up +0.09% ahead of today’s delayed vote of the U.S. Republican health-care plan. House Republican leaders are unsure if they have enough votes to pass the bill, which if it does not pass, threatens the Trump administration’s plans on tax reform and infrastructure spending. Read More