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The passing week was a typical week of this massive rally. On the Weekly timeframe the price action doesn’t seem to be stretched up, but on the Monthly timeframe it is. This is the 5th consecutive month to penetrate deeply the upper Bollinger band, very rare for this timeframe, and reveal the strength the market Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.14%) this morning are down -0.16% ahead of speeches today from Fed Chair Yellen and Vice Chair Fischer that may add to the recent hawkish Fed commentary that increases the chances of a Fed rate hike later this month. European stocks are up +0.46% at a 1-1/4 year Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.09%) this morning are down -0.10% as they consolidate following Wednesday’s rally to a new all-time high. European stocks are down -0.13% on concern that mounting price pressures may prompt the ECB to begin tapering QE. Eurozone Feb CPI rose +2.0% y/y, the fastest pace in 4 years, Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.51%) this morning are up +0.44% at a new all-time nearest-futures high and European stocks are up +1.57% at a 14-1/2 month high on signs of global economic strength. President Trump’s address to Congress last night turned out to be a non-event as it lacked specifics on his Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.06%) this morning are down -0.02% on light profit taking ahead of U.S. President Trump’s first address to Congress tonight where he is expected to layout specifics to his policy plans. Also, retail stocks are lower, led by a 4% decline in shares of Target, after it reported Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.03%) are little changed, up +0.01% at a new record nearest-futures high, and European stocks are up +0.19%. Market activity is muted as stocks move sideways ahead of U.S. President Trump’s address Tuesday before a joint session of Congress where he is expected to lay out his plans Read More

The Dow continues to climb, achieving every possible target it had set on all major timeframes. On the passing week, we’ve reached the target of the Semiannual bullish pinbar (of the first half of 2016), at 20800. The interesting part is that every reaction is rapidly ended with a new sign of strength, like the Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.41%) are down -0.47% and European stocks are down -1.19%. Uncertainty ahead of France’s presidential election in April and Tuesday’s speech to Congress from President Trump has fueled long liquidation in stocks. European political risks have increased as far-right French presidential candidate Marine Le Penn, who wants to Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.04%) are up +0.06% and European stocks are up +0.08% on strength in energy producing stocks. Chesapeake Energy and Haliburton are both up over 1.5% in pre-market trading on strength in crude oil prices. Apr WTI crude oil (CLJ17 +1.42%) is up +1.31% after the API late Wednesday Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.17%) are down -0.15% and European stocks fell back from a 14-month high and are down -0.23%. Long liquidation ahead of today’s minutes of the Jan 31-Feb 1 FOMC meeting weighed on U.S. stocks, while concern over the outcome of the French presidential election weighed on European stocks Read More