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Natural Gas Forecast: Markets Continues To Pullback

Natural Gas Forecast: Markets Continues To Pullback

The Natural Gas market experienced a decline as the Wednesday trading session commenced, with prices hovering around the 50-Day Exponential Moving Average. However, beneath this initial dip lies an ongoing quest to identify underlying buying pressure that could serve as a catalyst for a market turnaround. Consequently, it seems inevitable that the market will eventually seek to […]
Earnings Review: AstraZeneca Increases Profit Outlook, Reports 17% EPS Growth

Earnings Review: AstraZeneca Increases Profit Outlook, Reports 17% EPS Growth

Image Source: Unsplash  AstraZeneca (AZN) reported an EPS of $1.73 for Q3 2023 and $5.8 for 9M 2023.  Key Highlights Total Revenue Increase: In 9M 2023, there was a 5% increase in total revenue and a 17% increase in Core EPS compared to the same period in the previous year. 2023 Guidance Update: The 2023 guidance has been […]
Buying Into The US Slowdown

Buying Into The US Slowdown

FX markets are reasonably quiet during this lull in the US data calendar. We had been expecting more of a Fed pushback against this drop in US rates, but Fed speakers seem quite equivocal. This has left US rates at the lows and investors seemingly starting to buy into the US slowdown – a mild dollar […]
Food Prices Drive China’s CPI Lower While The Greenback Is Mostly Firmer In Narrow Ranges

Food Prices Drive China’s CPI Lower While The Greenback Is Mostly Firmer In Narrow Ranges

The dollar is mostly firmer against the G10 currencies and has been confined to tight ranges through the European morning. Outside of the China’s deflation and Japan’s monthly portfolio flow data that showed Japanese investors bought the most amount of US Treasuries (~$22 bln) in six months in September, the news stream is light. Most […]
China Is Once Again Facing Disinflation Problems

China Is Once Again Facing Disinflation Problems

Image source: Pixabay  As of Tuesday’s stock market close, the Dow Jones Index (US30) decreased by 0.12%, while the S&P 500 Index (US500) added 0.10%. The Nasdaq Technology Index (US100) closed positive by 0.08%. The broader market fluctuated on Wednesday amid mixed corporate news.The US economic news on Wednesday was favorable for the dollar as wholesale sales for September rose by 2.2% m/m, which […]
Asian Stock: Beijing Tongrentang

Asian Stock: Beijing Tongrentang

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Beijing Tongrentang Company LimitedBloomberg ticker: 600085 SHMarket cap: US$10,290mBackground: Beijing Tongrentang Company Limited develops, manufactures, and markets Chinese traditional medicines and medicinal wines. The Company also operates pharmaceutical retail businesses and provides consulting services.  World Class Benchmarking […]
Solana And Cardano: Solana Jumps To The 47.00 Level

Solana And Cardano: Solana Jumps To The 47.00 Level

Solana chart analysisThe price of Solana breaks above the 45.00 level and forms a new high at the 46.85 level. We are very close to testing last week’s price high at 46.97. Soon, we can expect a new breakout above and the formation of a new high price. Potential higher targets are 47.50 and 48.00 […]
Can Coke Fizz Through Any US Recession Worries?

Can Coke Fizz Through Any US Recession Worries?

Image Source: Pixabay  Now the Coca-Cola company is a very famous American multinational company, founded at the end of the 19th century, best known for its famous product Coca-Cola. On top of its flagship flagship drink, the company also sells a number of soft drinks as well as alcoholic beverages. Furthermore, Son would consider Coca-Cola a […]
Elliott Wave Technical Analysis: Tesla Inc. – Thursday, Nov. 9

Elliott Wave Technical Analysis: Tesla Inc. – Thursday, Nov. 9

Image Source: Unsplash  Tesla Inc., Elliott Wave Technical AnalysisTesla Inc., (Nasdaq: TSLA): 4h Chart, 9 November 2023TSLA Stock Market Analysis: Looking for upside into potential wave I as we successfully turned higher after the anticipated bottom in wave (c). Looking for one more leg higher before a potential pullback in wave ii.TSLA Elliott Wave Count: Wave i of (i).TSLA […]
DIS And The Bifurcated Market Thesis

DIS And The Bifurcated Market Thesis

I have written a lot about how the Magnificent 7 is holding up the market cap weighted indexes while beneath the surface many smaller stocks have broken down (“The Market Is About To Break”, October 3). My point has been that it’s only a matter of time before the Magnificent 7 themselves break down, bringing […]