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After a narrow range week, the market renewed the thrust up, printing a strong bullish week with no Daily exception. Interestingly, the market skipped the important resistance above is the 19080-19100 level area, (19087 is the 161.8% extension of the bearish market of 2007-2009, but we are currently still in that area, and of course Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.20%) are up +0.16% at a new all-time nearest-futures high as trading resumes from Thursday’s Thanksgiving holiday. Stock prices are still getting a boost on optimism that President-elect Trump’s pledges to increase fiscal spending and cut taxes will spur economic growth and corporate profits. European stocks are little Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 unch) are little changed, down -0.07%, as they consolidate just below Tuesday’s all-time high. European stocks are down -0.65% due to a slide in Italian bank stocks. On the positive side for European stocks is strength in European manufacturing activity after the Eurozone Nov Markit manufacturing PMI unexpectedly Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.27%) are up +0.28% at a record high and European stocks are up +0.66% as strength in crude oil and copper boosts mining companies and commodity-producing stocks. Jan WTI crude oil (CLF17 +0.10%) is up +0.37% at a 3-week high on optimism OPEC will agree to reduce output Read More

PREMARKET WORLD NEWS Dec E-mini S&Ps (ESZ16 +0.18%) are up +0.18% and European stocks are up +0.49% on speculation U.S. President-elect Trump’s policies will spur economic growth. Also, a rally in energy producing stocks is giving the market a boost with Dec WTI crude oil (CLZ16 +1.90%) up +1.90% at a 2-1/2 week high after Read More

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