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Elliott Wave Technical Analysis: ETHUSD – Friday, October 27

Elliott Wave Technical Analysis: ETHUSD – Friday, October 27

Image Source: Pixabay Elliott Wave Analysis TradingLounge Daily Chart, 27 October 23, Ethereum/U.S. dollar(ETHUSD) ETHUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave 1 of Impulse Wave Cancel invalid level: Details: The correction is likely to end at the level of 1520. A five-wave increase […]
Amazon Q3 Earnings Suggest It’s ‘Pulling Various Levers’ To Please Investors 
                    
Amazon did not issue an impressive guidance

Amazon Q3 Earnings Suggest It’s ‘Pulling Various Levers’ To Please Investors Amazon did not issue an impressive guidance

Image Source: Unsplash Amazon reports market-beating results for its fiscal third quarter. JMP Securities analyst Nick Jones shares his view on AMZN. Amazon stock is currently up close to 40% versus the start of 2023. Amazon.com Inc (AMZN) is marginally down in extended hours even though it reported better-than-expected results for its fiscal third quarter.AWS was […]
This Snap Back Trade Could Make Your Entire Week

This Snap Back Trade Could Make Your Entire Week

Image Source: UnsplashOne day left – let’s finish strong!Markets are range-bound, and tomorrow’s a Friday…Put those 2 clues together and you get the recipe for the perfect SNAP BACK setup to finish the week!Emini and Nasdaq are range-bound going into Friday and we’re filtering the SNAP BACK trade based on the 60minute momentum…E-Mini S&P (ES): Emini […]
Stock May Underperform Bonds Going Forward

Stock May Underperform Bonds Going Forward

Image Source: PixabayStocks finished the day lower and were saved by a drop in rates following a solid 7-year auction. This pushed Treasury rates lower in the second half of today’s trading session. It allowed stocks to rally off their lows and the S&P 500 to finish the day down by about 1.2%.Tomorrow will be the […]
Current Analysis: Sumitomo Corporation

Current Analysis: Sumitomo Corporation

Image Source: UnsplashSumitomo Corp (SSUMY) is a Japanese conglomerate that operates various business units: metal products; transportation and construction systems; environment and infrastructure; media, ICT, and lifestyle-related goods and services; and mineral resources, energy, chemical, and electronics.The businesses develop, manufacture, distribute, and service steel sheets, steel tubular products, nonferrous metal products, ocean and aerospace equipment, railway […]
Metals Report For Thursday, October 26

Metals Report For Thursday, October 26

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:55More By This Author:SPDR ETF Report For Wednesday, October 25Financial Markets Report For Wednesday, October 25Metals Report For Wednesday, October 25
Russell 2000 Soon Will Open Bearish Sequence

Russell 2000 Soon Will Open Bearish Sequence

Image Source: PexelsRussell 2000 (RTY) is close to breaking below 6.16.2022 low at 1640.70. A break below that level will open a bearish sequence from 11.8.2021 peak favoring further downside. Short term Elliott Wave View suggests that cycle from 8.1.2023 high is in progress as an impulse Elliott Wave structure. Down from 8.1.2023 high, wave 1 ended […]
Macro: GDP Q3

Macro: GDP Q3

Image Source: PixabayGDP came in hotter than expected. Sequentially, Real GDP grew 4.9%. To say it another way, the annualized growth rate of the quarter-over-quarter change in GDP, or (Q32023/Q22023)^4. The reason to look at it on a QoQ annualized basis is that you would see a problem in the economy sooner than the YoY numbers. […]
The Best Blue Chip Dividend Stocks For Young Investors

The Best Blue Chip Dividend Stocks For Young Investors

Several economic factors,such as high inflation and rising interest rates, might leave investors feeling skittish. The possibility of recession lingers.But for young investors, dividend stocks provide upside potential, portfolio stability, and consistent income during times of economic uncertainty.For nearly 100 years, dividends have contributed roughly 32% of the total return for the S&P 500. Overall, capital appreciation […]
Stock Market Analysis: Elliott Wave Predicts Potential Decline In Major Indices

Stock Market Analysis: Elliott Wave Predicts Potential Decline In Major Indices

Image Source: PexelsTradingLounge’s Stock Market Report S&P 500 – NASDAQ 100 – RUSSELL 2000 – DAX 40 – FTSE 100 – ASX 200. Elliott Wave Analysis Summary: Looking for the low of Elliott Wave 5 of (A) for the NDX, SP500, and DAX. Most indices have the same intraday pattern and can edge lower, keeping in […]