News

The passing week printed a HH HL Weekly bar that though didn’t close on its High, still closed above the 8 EMA short term sentiment line. This is a clear sign of strength. The Daily Swing price action was mostly sideways action, caring to close each bar above the Daily 50 SMA, another sign of Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 +0.07%) this morning are down -0.05% at a 1-week low and European stocks are down -0.23% after the U.S. launched cruise missiles against Syrian airfields in retaliation from Syrian President Bashar al-Assad’s alleged poison gas attacks on civilians. President Putin of Russia, a Syrian ally, condemned the U.S. Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 +0.11%) this morning are up +0.13% as they recovered from a 1-week low in overnight trade. Concern by FOMC members over high stock prices led to a sell-off Wednesday afternoon that extended into overnight trading after the Mar 14-15 FOMC meeting minutes said, “some participants viewed equity prices Read More

PREMARKET WORLD NEWS Jun E-mini S&Ps (ESM17 -0.12%) this morning are little changed, down -0.03%, and European stocks are up +0.03%. European stocks found support on reduced political risks from France’s presidential election after anti-EU candidate Marine Le Pen was seen to have struggled in a televised debate among French presidential candidates on Tuesday night. Read More

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