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Utilities Forever

Utilities Forever

Image Source: PexelsMy favorite pattern remains the diamond found by way of the Dow Utilities. It’s a slower mover, but I think ultimately, it’s going to unravel quite nicely.Here is the longer view. The last time the utilities were in such a well-formed pattern was before the financial crisis, although back then it was in the […]
Metals Report For Friday, November 24

Metals Report For Friday, November 24

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:12:08More By This Author:SPDR ETF Report For Tuesday, November 21Financial Markets Report For Tuesday, November 21Metals Report For Tuesday, November 21
Who Has The Upper Hand – The Bulls Or Bears?

Who Has The Upper Hand – The Bulls Or Bears?

Image Source: PixabayThere is no shortage of bearish opinions regarding the stock market and economy. What do the facts say?Video Length: 00:11:40More By This Author:Broad Turn In Weekly Momentum Bodes Well For Stocks Has A Bearish Roadblock Been Removed For Stocks? The Message From Twelve Post-CPI Charts
EUR/JPY Sets A Late High For The Week Above 163.60 In Friday Risk Rally

EUR/JPY Sets A Late High For The Week Above 163.60 In Friday Risk Rally

Image Source: Unsplash The EUR/JPY followed the Friday technical rally into a new high for the week. The Euro pulled out of an early dip in the week, closing higher for three straight days. Japan inflation ticked higher on Friday, next week has Eurozone inflation in the barrel. The EUR/JPY rose for the third straight trading […]
3 Stocks To Watch After Impressive Earnings Beats This Week

3 Stocks To Watch After Impressive Earnings Beats This Week

Image Source: UnsplashOutside of Nvidia (NVDA), there are several stocks standing out this week after surpassing their quarterly bottom-line expectations.After beating earnings estimates on Monday, here are three stocks to consider as these companies look poised to take market share in their respective industries.Central Garden & Pet (CENT)Central Garden & Pet’s fiscal fourth quarter tends to be […]
Nvidia Delays AI Chip Designed For China: ‘Nvidia Has Demand Without China’

Nvidia Delays AI Chip Designed For China: ‘Nvidia Has Demand Without China’

Image Source: Pixabay Nvidia delays an AI chip it specifically designed for China. Wedbush analyst Bryson says Nvidia has demand without China. Nvidia stock is currently up a whopping 235% year-to-date. Nvidia Corp (NVDA) has reportedly delayed an AI chip that it specifically designed for China. Its shares opened slightly down on Friday.Why did Nvidia delay its […]
Bitcoin Going To Blast?

Bitcoin Going To Blast?

Image Source: UnsplashYes, I’m actually going to type something bullish about Bitcoin, but hear me out. I was struck by the good-looking pattern on BITO, which is one way to go long Bitcoin without actually having a crypto account.Looking at $BTC itself, the past year has been exceptionally good, witnessing the price double.I’d say the biggest reason […]
Gold, Silver & Miners Rally To Resistance

Gold, Silver & Miners Rally To Resistance

Image Source: PixabayGold closed the week above $2000 at $2003 while Silver closed the week above $24. Silver faces resistance next week at $24.50 and the monthly closing resistance at $25.00. Meanwhile, Gold needs to move higher to confirm the weekly break of $2000.GDX and GDXJ gained 3% and 3.6% on the week but remain below […]
Are Small-Cap ETFs Too Cheap To Ignore?

Are Small-Cap ETFs Too Cheap To Ignore?

Image Source: Pixabay  The stock market rally this year has been driven by mega-cap stocks like NVIDIA (NVDA – Free Report) and Microsoft (MSFT – Free Report), but we have seen some broadening in the rally in the past few weeks. Small-cap stocks have rebounded strongly as investors are hopeful that the Federal Reserve’s interest-rate hikes are over.Despite the recent […]
Small Bank Deposit Outflows Continue As Fed Bailout Fund Usage Jumps To Another New Record High

Small Bank Deposit Outflows Continue As Fed Bailout Fund Usage Jumps To Another New Record High

Total domestic US banks saw inflows last week on an SA and NSA basis…Source: BloombergBut, while large banks saw $16.5BN (SA) in deposit inflow, small banks suffered another weekly deposit outflow (of $3.3BN SA) last week…Source: BloombergThis pulled total deposits down to their lowest since September after rising (on a Fed magically-adjusted basis) for six months…Source: BloombergAnd as deposits […]