PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.10%) are down -0.11% and European stocks are down -0.62% as a slide in crude oil prices drags energy producing stocks lower. Feb WTI crude oil (CLG17 -1.96%) is down -1.83% as an increase in U.S. drilling activity reduces the impact of OPEC production cuts after data from Read More
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The Dow has started year 2017 with a Weekly bullish reversal. On the Monthly timeframe, the price action is very tensed upwards, penetrating considerably the upper Bollinger band. Pay attention though that the Weekly reversal up took place relatively far above the 8 EMA, meaning that it is very tensed and extreme right now. Sometimes Read More
PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.01%) are little changed, down -0.03%, and European stocks are down -0.38%, ahead of the monthly U.S. jobs report. Losses were contained as a +0.63% rally in Feb WTI crude oil (CLG17 +0.76%) lifted energy producing stocks. Crude oil garnered support in comments from someone familiar with Saudi Read More
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
PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.20%) are up +0.21% in thin year-end trading as raw-material stocks move higher with a rally in gold and silver prices to 2-week highs. A -0.46% slide in the dollar index (DXY00 -0.45%) to a 2-week gave metals prices a boost with Feb COMEX gold (GCG17 +0.14%) up Read More
PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.06%) are up +0.02% and European stocks are down -0.18% in thin year-end holiday trade. Energy producing stocks are weaker as Feb WTI crude oil (CLG17 -0.26%) falls -0.30% after the API late yesterday reported that U.S. crude inventories rose +4.2 million bbl last week. European government bonds Read More
PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.21%) are up +0.20% on strength in energy producing stocks with Feb WTI crude oil (CLG17 +0.28%) up +0.52% at a 2-week high. Crude oil continues to garner support on expectations of tighter global supplies as OPEC and 11 other crude producing nations begin to curb oil production Read More