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A very quite, relatively narrow range week has passed. Mostly sideways action and a clear shortening of the thrust on the Weekly chart. However, the Weekly bars are stick to the upper Bollinger band, penetrating it considerably, and the price stays on the Highs. The Dow lately is one of the strongest stock indices. In Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.05%) are down -0.13% and European stocks are down -0.72%. A +0.07% increase in the dollar index (DXY00 +0.10%) to a new 13-1/2 year high has undercut commodity prices and is leading commodity and raw-material producing stocks lower. The likelihood of a Fed rate hike next month has Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.14%) are up +0.09% and European stocks are down -0.02%, both little changed ahead of Fed Chair Yellen’s testimony this morning before the Joint Economic Committee of Congress. Dec WTI crude oil (CLZ16 +1.54%) is up +1.12% and is nudging energy producing stocks higher as OPEC and Russia Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 -0.34%) are down -0.23% as they retreat from a new contract high posted in overnight trade and European stocks are down -0.44% after weaker oil prices and interest rate concerns pressured equities. Dec WTI crude oil (CLZ16 -1.24%)is down -1.57% after the API late yesterday reported that U.S. Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.14%) are up +0.19% and European stocks are up +0.04% as a rally in oil prices lifts energy producing stocks. Dec WTI crude oil (CLZ16 +3.35%) is up sharply by +3.60% as Qatar, Algeria and Venezuela are leading a push to overcome a divide among OPEC’s biggest oil Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.12%) are down -0.02% and European stocks are little changed, up +0.13%, as weakness in energy producing stocks drags the overall market lower with Dec WTI crude oil (CLZ16 -1.36%) down -1.27% at a 1-3/4 month low. Stock prices had moved higher in overnight trade, led by a Read More

Finally, not only for Wednesday the day after the elections, the whole passing week was very surprising. The Dow, maybe only except for the Russel, was the “star” among all other main indexes, setting a new all time High by the end of the week. The week has started with a gap up, and a Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 -0.45%) are down -0.48% and European stocks are down -0.37%, led by weakness in technology stocks with Apple, Amazon.com and Facebook all down at least 1% in pre-market trading. Weakness in oil producing stocks is also pressuring the overall market with crude oil prices (CLZ16 -1.39%) down -1.63% Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.32%) are up +0.58% at a 2-month high as drug makers and bank stocks rallied in pre-market trading on speculation the Trump administration will mean less regulatory oversight in those sectors than had Mrs. Clinton won. Allergan Plc, Pfizer, Goldman Sachs and JPMorgan Chase are all up over Read More

The passing week changed the balance kept since the volatile moves at the beginning of September, and took out the Monthly Low at 17822. This is a bearish signal to reach the down trend line taken out of the two last major Highs prior to the last bullish wave (see chart). However, This setup is Read More