Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX There will be some give back to start this week after such a strong move to close out the post-Brexit as the market is very overbought, but the momentum indicators are strong, new highs for S&P 500 and DJIA may happen early, the move has backing. […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street ‘hijinks’ drove the Major US stock market indexes due North last Friday, with the S&P 500 tapping at record highs and closing at 2,129.90, up by 1.53%, on the Headline Only report of a strong rise in NFPs, suggesting the US economy is recovering after […]
Gold and WTI Crude Oil Technical’s (Daily) $GLD, $USO Gold: Spot Gold fell to 1,335.15 oz as an initial reaction to the Headline Only strong US NFPs, but close analysis led to strong demand for the safe- haven assets driving it back higher, with the precious Yellow metal ending the week at 1366.50, not far from […]
EURUSD Technical Outlook (Daily) Euro $EURUSD EURUSD: Risk off trading was interrupted Friday, when a Headline Only positive US employment report took center stage. The world’s largest economy added 287,000 jobs in June largely betting expectations, while wages rose only slightly, to 2.6% from 2.5% Y-Y. May’s jobs creation was downwardly revised to just 11,000, while […]
Chicago Agriculture Commodities Finished Higher Friday $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) Corn, Wheat and Soybean settled sharply higher Friday on bargain buying and dry weather concerns. The most active Corn contract for December delivery added 14 cents, or 4.02%, to 3.625 bu. September Wheat delivery rose 9.5 cents, or 2.23%, to 4.35 […]
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This Week on Wall Street, Bank Earnings in the Headlights $JPM, $GS, $MS, $BAC, $DB, $USB Banks are definitely in the headlights this earnings season, and there is caution in the market, Q-2 was not strong economical. Financials have been the worst performing of the 10 major S&P 500 sector groups this year, down nearly […]
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Gun-related Background Checks in June Broke FBI Record $SWHC, $RGR FBI gun-related background checks in June broke an agency record, and puts the nation on track to also break the Y 2015 record. The FBI, in its reporting of gun background checks said it processed more than 2.1-M gun-related checks in June, an increase of […]
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California and Colorado Wildfires Prompt Evacuations of Thousands Strong winds will keep the wildfire danger high across the West Sunday into Monday. Strong winds will keep the wildfire danger high across the West Sunday into Monday. Wildfires burning in both California and Colorado have forced evacuations and left one firefighter injured Saturday evening, burning more […]
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Box Office: The Secret Life of Pets takes $103.2-M $CMCSA, $DIS, $FOX Family audiences cannot to get enough of animated family films about animals it seems. Zac Efron and Adam Devine’s ‘Mike and Dave Need Wedding Dates’ beat expectations with a $16.6-M domestic opening Illumination Entertainment and Universal’s The Secret Life of Pets debuted to […]
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F1: Lewis Hamilton Wins at Silverstone for 3-in-a-Row $RACE Sunday, the 2016 Formula 1 British Grand Prix started on a rain soaked circuit, but ended with the Sun shining Lewis Hamilton, MercedesAMG, posted his 3rd Silverstone victory running. Mr. Hamilton’s team mate Nico Rosberg finished 2nd on the track, but a post-race penalty issued as […]
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