News

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.01%) are up +0.01 and European stocks are up +0.19% on improvement in company quarterly earnings results. Rio Tinto is up over 2% as it posted its first annual profit in 3 years. Rio Tinto also announced a $ 500 million share buyback after a recovery in iron Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.31%) are up +0.30% and European stocks are up +0.40%. EUR/USD (^EURUSD) is down -0.71% at a 1-week low, which is giving European exporter stocks a boost, as the weaker euro boosts the earnings prospects of exporters. EUR/USD was undercut after German Dec industrial production unexpectedly fell -3.0% Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.04%) are up +0.01% on positive carry-over from Friday’s employment data that showed U.S. employers added the most jobs in four months. European stocks are down -0.19%, led by losses in automakers, after Bank of America-Merrill Lynch downgraded the sector to underweight. Another negative for European equities is Read More

The passing week ended eventually as a bullish pinbar on sloping Weekly 8 EMA, also an inside Weekly bar. The market has started the passing week with a gap down, and spent most of the time at the lower level of the Daily range, finally with the NFP news, rallied back up, but hasn’t managed Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.16%) are up +0.15% and European stocks are up +0.63% ahead of this morning’s U.S. payroll report that may provide clues as to the timing of the next Fed rate hike. Mar WTI crude oil (CLH17 +0.19%) is up +0.50% and is giving energy producing stocks a lift Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.25%) are down -0.25% and European stocks are down -0.12%. The BOE, as expected, kept its benchmark rate unchanged at 0.25% and maintained its asset purchase target at 435 billion pounds following today’s policy meeting. European bank stocks are weaker, led by a 5% drop in Deutsche Bank, Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 +0.23%) are up +0.19% and European stocks are up +0.90%. Optimism about corporate earnings is lifting stock indexes this morning with Apple up 3% in pre-market trading after it reported better-than-expected quarterly earnings results after the market closed on Tuesday. Although expectations are for no change in monetary Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.25%) are down -0.12%, led by weakness in energy producing stocks, with Mar WTI crude oil (CLH17 -0.15%) down -0.25% at a 1-week low. Crude prices are under pressure on expectations that tomorrow’s weekly EIA data will show U.S. crude inventories rose +3.0 million bbl. European stocks are Read More

PREMARKET WORLD NEWS Mar E-mini S&Ps (ESH17 -0.26%) are down -0.28% and European stocks are down -0.90% on concern the Trump administration’s isolationist policies may slow global trade. Many international companies, such as Apple and Google, have said that President Trump’s executive order halting immigration from seven African and Middle Eastern countries threatens to choke Read More

The last six week range has finally been resolved with a Spring (false thrust down turned into bullish break out). As suggested in the last review, taking out the previous Friday’s High within the first two days of the week should create a new all time High, which it did. The previous week ended as Read More