India, Buried in Sugar, Tries to Dig Out Government price controls have created an unsustainable glut, with 13 million tons stockpiled May 29, 2018 7:00 a.m. ET RAJPURA, India—The Indian government’s price controls have created an unsustainable sugar glut, and now New Delhi wants to dump it on the already struggling world market for the commodity. India…
Stocks End Busy Week Mostly Higher Once again, the market had every chance in the world to fall last week and the fact that it didn’t is very bullish. Even though it was a shortened holiday week it was a busy week of headlines nonetheless. The market opened on Tuesday with a big decline after…
Bullish Action Ahead Of The Long Weekend The market had every chance in the world to fall last week and the fact that it didn’t is very bullish. Remember, it’s not the news that matters but how the market reacts to the news. When a market doesn’t fall on bearish news that is a bullish…
Stocks End Week Mixed As Small Caps Hit New Highs The market ended mixed last week as the small-cap Russell 2000 hit a fresh record high. The fact that small-caps hit new highs last week is bullish and bodes well for the broader indices. In the short-term, the other popular averages are pausing to digest…
Stocks Are Back In The Black For 2018 The bulls regained decisive control of the market last week after the major indices turned positive for the year and jumped above near-term resistance. The Dow & S&P 500 both jumped above near-term resistance (50 DMA line) which was highlighted several times in this report for you…
Stocks End Flat After Support Was Defended It was another volatile week on Wall Street as investors digested a slew of economic and earnings data. Apple was the big standout winner last week as the stock shot up to new highs after reporting earnings and legendary investor Warren Buffet announced he was increasing his position…
Stocks End Week Flat As Earnings Continue It was another volatile week on Wall Street. Stocks ended flat as investors digested a slew of earnings reports and the bulls showed up and defended the longer term 200 DMA line. The major indices opened the week with a big selloff and then the bulls showed up…
Stocks End Week Flat As Earnings Season Begins Stocks opened the week on a positive note but ended relatively flat as investors continue to digest a slew of earnings. So far, most of the companies that have reported earnings have beat on both the top and bottom line which is an encouraging sign. It is…
Stocks Bounce As Earnings Season Begins Stocks rallied nicely last week as earnings season officially began. Delta Airlines, BlackRock, JP Morgan Chase, Citigroup, and Wells Fargo, were just some of the big names that reported earnings last week. Surprisingly, they beat estimates but all traded lower on Friday. Two weeks ago, the bulls showed up…
Bulls Defend Support…For Now This was an important week on Wall Street. The Bulls showed up and defended the longer-term 200 DMA line which is important support for the major indices. Stocks ended lower last week as fear spread that a trade war may derail the global economy and adversely affect corporate earnings. This is…