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Chart Of The Day: Google – By Any Other Name Is Still Sweet

Chart Of The Day: Google – By Any Other Name Is Still Sweet

The Chart of the Day belongs to technology giant Alphabet (GOOG(. I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation.  GOOG […]
JPY150 Pierced But Market Is Not Done

JPY150 Pierced But Market Is Not Done

Image Source: Pixabay Overview News that Israel’s ground assault on Gaza is being delayed while hostage negotiations continue saw gold and oil ease, but tensions continue to run high. Gold peaked near $1997 before the weekend and pulled back to about $1964 today before steadying. December WTI peaked in front of $90 a barrel at the […]
The Cannabis Report- Monday, Oct. 23

The Cannabis Report- Monday, Oct. 23

Photo by Kimzy Nanney on UnsplashFor the trading week that ended October 20, 2023, my proprietary Canadian Cannabis Company Index (MCCCI) decreased by 11.0% compared to the prior week when it decreased by 2.3%. The index consists of 15 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, […]
The Energy Report: Grounded

The Energy Report: Grounded

Photo by Zbynek Burival on Unsplash The oil market continues to be on edge as the market is worried about the timing and the fall-out of Israel’s expected ground offensive into Gaza in response to the Hamas terror attack. The New York Post reports that, “The US is now reportedly pressuring Israel to hold off any ground invasion pending […]
A Further Examination Of The State Of The Economic Tailwind

A Further Examination Of The State Of The Economic Tailwind

Image Source: UnsplashWith no big economic news today, I thought I would pick up where I left off on Friday, when I identified three major reasons for the economic tailwind that prevented a recession from happening in the past 12 months. 1. Commodity Prices Generally and Gas Prices Specifically I am beginning to think that all […]
Gold Shorts Covered, Silver Shorts Added

Gold Shorts Covered, Silver Shorts Added

Image Source: UnsplashJust a few weeks ago, the gold and silver prices were languishing again, with gold trading in the $1830’s while silver was below $21. Yet we’ve seen a substantial rally since then, partially aided by the unfortunate geopolitical events in the Middle East, that left gold briefly over the $2,000 mark on Friday, while […]
Alphabet Inc. Reacting Higher From Blue Box Area

Alphabet Inc. Reacting Higher From Blue Box Area

Image Source: UnsplashIn today’s article, we will take a look at the past performance of the one-hour chart of Alphabet Inc. stock (GOOGL). The rally from the Sept. 26, 2023 low unfolded as a 5-wave impulse. So, we expected the pullback to unfold in 7 swings, and to find buyers again at the blue box area. We will explain […]
S&P 500 Earnings Dashboard 23Q3 – Monday, Oct. 23

S&P 500 Earnings Dashboard 23Q3 – Monday, Oct. 23

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 23Q3 year-over-year blended earnings growth estimate is 1.2%. If the energy sector is excluded, the growth rate for the index is 5.8%. Of the 86 companies in the S&P 500 that have reported earnings to date for 23Q3, 77.9% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 year-over-year blended revenue growth estimate is 0.9%. If the energy sector […]
5 Online Retailers To Buy On Solid Sales In September

5 Online Retailers To Buy On Solid Sales In September

Image: BigstockOn Oct. 17, the Department of Commerce reported that retail sales in September increased 0.7% month-over-month, significantly beating the consensus estimate of 0.3%. Moreover, the metric for August was revised upward to an increase of 0.8% from the 0.6% reading reported earlier. Within overall retail sales, online sales grew 1.1% in September, second only […]
Canadian Dollar Looking For Early Gains Against US Dollar Ahead Of Upcoming BoC Rate Call

Canadian Dollar Looking For Early Gains Against US Dollar Ahead Of Upcoming BoC Rate Call

Image Source: Unsplash The Canadian dollar has been catching some air as the broad-market US Dollar Index has been receding. The Bank of Canada is slated to report this week with its next rate call on Wednesday. Market sentiment has been improving on Monday, sending the greenback lower. The Canadian dollar has recently been finding some momentum to kick off […]