Page 37 - Value Line News Today

All Index Charts Suffer Damage: Whats Next for the Market? Wednesday saw broadly negative internals on heavy trading volumes. Jan 28, 2021 | 10:45 AM EST Virtually every major index chart suffered some technical damage Wednesday. Most are now in neutral trends. Market breadth deteriorated further as well. Meanwhile, some of the sentiment data moderated. Lets take close look at charts and market indicators. On the Charts Source: Worden Negative technical chart events occurred as follows:...

Index Charts Weaken: Cause for Concern? Forward earnings estimates for the S&P 500 have dropped. Dec 23, 2020 | 10:32 AM EST The charts of the major equity indices have weakened, but remain a mix of neutral and bullish trends. The data, on the other hand, still suggests some caution is warranted. Meanwhile, forward 12-month consensus earnings estimates for the S&P 500 have seen a notable decline, stretching what appears to be an overvalued market even further. Whats this all mean for in...

Indexes Successfully Test Support Levels Why caution is still warranted, though. They passed the test. All the major equity indices closed at or near their intraday highs Monday with successful tests of their support levels. The charts remain generally positive. However, the psychology data continues to suggest too much bullish sentiment exists while valuation remains extended with their combined signals suggesting caution is warranted. On the Charts Source: Worden The only index postin...

Thursday, December 17, 2020 On November 19, 2020, the Federal Energy Regulatory Commission (“Commission”) issued Opinion No. 569-B, its latest order addressing evaluations of whether a public utility’s return on equity (“ROE”) is just and reasonable under Section 206 of the Federal Power Act (“FPA”).  [1]  As described herein, the Commission largely reaffirmed the methodology established in its prior related opinions.     The Opinion No. 569 series of orders adopts ...