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Monday’s Technical Outlook for DJIA (.DJI)

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 […]

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EURUSD Technical Outlook (Daily)

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 […]

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The REAL Jobs Report Suggest the US Economy ‘Treading Water’

The REAL Jobs Report Suggest the US Economy ‘Treading Water’ $DIA, $SPY, $QQQ, $VXX There is almost no way to explain Friday’s buying spree in response to another NFPs (official jobs report) that proved nothing about a growing economy, hang on an allegedly growing economy. When the S&P 500 hit 2130 on 21 May 2015, […]

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Today’s US S&P 500 Action May Signal Market Top

Today’s US S&P 500 Action May Signal Market Top $DIA, $SPY, $QQQ, $VXX US economy’s ill health possibly having been overstated, plus the Dovish talk from the Fed combined Friday drive the S&P 500 Index above its 21 May 2015 all time high close. Friday’s capped an 8-day rebound of more than 6% that restored […]

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