$World Indexes $SPX flat YTD

May 19, 2016 3:16 pm / Published in Asia, Bovespa, Brazil, ETFs, Europe, Germany, Nasdaq, NYSE, QQQ, SPX
Stocks weaken, dollar gains amid Fed hike talk Stocks around the world sold off on Thursday, while the U.S. dollar gained, pressuring oil and other commodities, as investors absorbed the possibility that the U.S. Federal Reserve will raise interest rates in the near term. Oil prices sharply pared losses as supply worries offset the drag

$FED’s rate talks worried investors

May 18, 2016 6:28 pm / Published in Market Update, SPX
A rally in bank shares after the Federal Reserve put June on the table for a rate hike helped major indexes end near flat, while Treasury yields jumped. A rising dollar hindered demand for most commodities, including oil and gold. The SPX trade below 2040 and marked a 4th lower low in the last 4

$SPX – Back to last week value range

May 16, 2016 4:06 pm / Published in SPX
Technically the S&P 500 isn’t pretty but the bullish case is still standing up. Even with the drop last week we haven’t cleared new lows so the uptrend continues. We would like to see a break of last Tuesday’s high of 2084 to help further the uptrend and get us out of this sideways consolidation.

Are we entering a $recession? Or not

May 13, 2016 10:27 am / Published in SPX
Today’s Retail Sales Report for April showed a top line improvement of 1.3%. Subtracting sales of autos and gasoline it was up .6%. This will have a positive effect of .9% (annualized) on GDP. This followed a .3% decline in March. These are not bad numbers but they are not great either. The housing market

Still Bullish but weak data from $China and $USA

May 5, 2016 9:03 am / Published in China, SPX, USA
I am looking at an SPX support level of 2,000 (tolerance down to 1,990) as a line in the sand. This level was an important threshold to cross in March and it represents the 38.2% Fibonacci retracement from the February 11 low to the April 20 high. Bull markets frequently perform a 38.20% retracement before

Americas YTD Update: #SP500 +1.9%, Peru +34%

April 22, 2016 1:47 pm / Published in EPU, Peru, SPX
The SP500 is consolidating in positive territory YTD. Peru is at 34% YTD.  Local elections, Commodity Prices and weaker USD contributed to the performance. Mexico is at 6.2% while the SP500 is at 1.9%