The major us stock market indexes are mostly in the green (SPY +0.5%). The median regression trend remains down placing a lot of doubt in investors minds if the 'Trump Effect' is going to last. Short-term indicators marginally bullish.
Here is the current market situation from CNN Money
North and South American markets are mixed today. The IPC is up 0.52% while the S&P 500 gains 0.24%. The Bovespa is off 0.60%.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Following a major market correction, the conditions for safe re-entry are when:
a) Daily $OEXA200R rises above 65%
Secondary Bullish Indicators:
a) RSI is POSITIVE (above 50)
b) Slow STO is POSITIVE (black line above red line)
c) MACD is POSITIVE (black line above red line)
(Reuters) - The S&P 500 and Nasdaq trimmed early gains, but remained higher in early afternoon trading on Friday after strong earnings from large U.S. lenders that bode well for the rest of the earnings season.
NEW YORK (Reuters) - Executives of big U.S. banks expressed optimism on Friday about the outlook for 2017 in their first public comments about quarterly earnings since the U.S. presidential election in November.
WASHINGTON (Reuters) - President-elect Donald Trump will not revive his predecessor's stalled Trans-Pacific Partnership trade deal in any form, but will quickly pursue bilateral trade agreements, a Trump transition policy adviser said.
WASHINGTON (Reuters) - Lockheed Martin Corp is close to a deal to significantly lower the cost of its F-35 aircraft, its Chief Executive Officer Marillyn Hewson said on Friday following a meeting with U.S. President-elect Donald Trump.
PARIS/MILAN (Reuters) - European carmakers were drawn into a widening probe of diesel emissions testing on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV.
ABU DHABI (Reuters) - OPEC's Secretary-General has confidence in the commitment of oil producers who agreed to an output cut deal last month to ease a global glut that has depressed crude prices and hurt exporting countries' revenues.
(Reuters) - Wells Fargo & Co , the third-largest U.S. bank by assets, said on Friday it believes it has reimbursed the customers it needs to in order to comply with at least one of three settlements over a bogus-accounts scandal.
(Reuters) - JPMorgan Chase & Co reported a 24 percent rise in fourth-quarter profits on Friday, beating analyst expectations, as its Wall Street business benefited from a surge in trading activity following the U.S. election.
Back in 2013, the catalyst used by the US to intervene in the Syrian conflict which started in the aftermath of the Arab Spring (which according to some was inspired by CIA intervention), was a YouTube clip allegedly showing a sarin gas attack by Assad troops on his own people in the town of Ghouta, which reportedly led to hundreds of casualties. Subsequently, the video was shown to have been a hoax, but by then it was too late as the US was actively involved in the proxy war, which in the summer of 2013 nearly escalated to a naval conflict between the US and Russia. The war has since continued, although it may be finally tapering now that the Obama administration is on its way out.
However, in a surprising twist perhaps meant to perpetuate the conflict, Reuters today reported that international investigators for the first time suspect President Bashar al-Assad and his brother "are responsible for the use of chemical weapons in the Syrian conflict."
A joint inquiry for the United Nations and global watchdog the Organisation for the Prohibition of Chemical Weapons (OPCW) had previously identified only military units and did not name any commanders or officials.
Now a list has been produced of individuals whom the investigators have linked to a series of chlorine bomb attacks in 2014-15 - including Assad, his younger brother Maher and other high-ranking figures - indicating the decision to use toxic weapons came from the very top, according to a source familiar with the inquiry.
As one would expect, Syrian government official said accusations that government forces had used chemical weapons had "no basis in truth". The government has repeatedly denied using such weapons during the civil war, which is almost six years old, saying all the attacks highlighted by the inquiry were the work of reb ...
A day after the EPA announced their probe of Fiat Chrysler's alleged "cheating" over diesel emissions tests, the company now faces criminal charges as the US department of Justice has joined the probe.
As Bloomberg reports, Fiat Chrysler is now also under investigation by the U.S. Justice Department over its alleged failure to disclose software that violated emissions standards, according to people familiar with the matter, another legal hurdle for a company already under criminal scrutiny for its sales practices.
The possibility of a criminal action over diesel emissions violations comes after the Environmental Protection Agency said on Thursday it found software in 104,000 Jeep Grand Cherokees and Ram 1500s that allowed the automaker to exceed pollution limits on the road.
The criminal investigation shows the U.S. is pressing ahead on cases of alleged efforts to rig emissions testing in the waning days of the Obama administration. It isn't clear where the inquiry stands.
And the share price is fading back towards yesterday's lows...
The U.S. investigation of Fiat Chrysler involves fewer vehicles than VW, said one of the people, who asked not to be named because the probe is confidential. The U.S. case against VW, which led to criminal charges and $4.3 billion in penalties earlier this week, centered on VW employees' efforts to design a system that would evade U.S. environmental testing and then conspire ...
With the mainstream media crowing proudly of the record 14-day winning-streak in Britain's FTSE 100 stock index (up 18 of the 19 days since The Fed hiked rates), we thought it worth a look at just what is going on in good ol' blighty...
Since the Brits voted for Brexit, the FTSE 100 is up an elite-embarrassing 15.5% and is on an unstoppable charge since The Fed raised rates for the second time in a decade...
However, as the lower panel shows, 20 points of that 15 point gain are due to the collapse in the pound. Hedged back to the US Dollar, investors are actually down 5% since Brexit.
We wonder what kind of orgamsic excitement, CNBC Venezuela would have been screaming about during November of last year...
Never mind that the 'true' value of the Bolivar was hyperinflating to toilet-tissue-levels... a soaring stock market must mean the socialist utopia's economy is doing great, right? or is just about to?
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