Technical indicators are turning bullish, but the oscillators are short term over bought. Lets see if this resolves with small correction or will it be sideways buying some time ..
4th quarter results (both earnings and revenues) are trailing behind the estimates, but the market is heading higher ..
Last week's (week over week) market Sectors Returns and Internals:
Next Week's economic calendar:
4th quarter results (both earnings and revenues) are trailing behind the estimates, but the market is heading higher ..
Last week's (week over week) market Sectors Returns and Internals:
- SP 500: 2.04%
- Volatility Index % change, VIX = 4.92%
- Short term bond rate (average of 3 year and 5 year) = 0.645%
- 10 year Treasury yield = 2.05%
- Small Cap (IWM): 2.43%
- Latin America (ILF): 5.21%
- Europe (IEV): 5.42%
- Emerging Markets (EEM): 5.32%
- Commodities (DBC): 0.44%
- Long term Bonds (TLT): -3.23%
- US Dollar Index, 8 DMA:80.64
- Gold, (GLD) change: 1.76%
- Put/Call Ratio, total of equity/Index = 0.8
- Bull/Bear Ratio, Investors Intelligence survey =
- NYSE (New Highs - New lows), 8 DMA = 138.46
Next Week's economic calendar:
- FOMC Rate decision - 1/25
- Durables Orders, New home sales - 1/26
- Q4 GDP, Michigan Sentiment - 1/27
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