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Elliott Wave Technical Analysis: ETHUSD – Thursday, November 23

Elliott Wave Technical Analysis: ETHUSD – Thursday, November 23

Image Source: PixabayElliott Wave Analysis TradingLounge Daily Chart, 23 November 23,Ethereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave 1Direction Next higher Degrees: wave (1) of ImpulseWave Cancel invalid level:Details: Wave 1 may have ended and prices are entering. Correction in Wave 2Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: The correction in wave (2) seems to […]
Tesla – Trapped Between Gaps

Tesla – Trapped Between Gaps

Image Source: PexelsTesla (TSLA) remains steadfastly range-bound. I’ve drawn a red rectangle anchored to the high and low price gaps. As you can see, almost 100% of trading activity has been confined to that modest range.More By This Author:VIX: A Lament For Sub-Teen Levels And Unwavering Market Faith Market Absurdities: VIX, NVDA, And A Cautious Stance In An […]
Intel To Ask Suppliers To Set Net Zero Targets

Intel To Ask Suppliers To Set Net Zero Targets

Image Source: PexelsSemiconductor giant Intel (INTC) announced the release of its Climate Transition Action Plan, outlining the company’s strategy to reduce its climate footprint and meet its emissions reduction goals, with a new commitment to achieve net zero greenhouse gas emissions in its upstream value chain by 2050, including planned actions to request suppliers to set […]
Is Nvidia’s Stock Still A Buy After Record Q3 Revenue?

Is Nvidia’s Stock Still A Buy After Record Q3 Revenue?

Image Source: PixabayThere was a lot to like about Nvidia’s (NVDA) third-quarter results after market hours on Tuesday including records in total revenue and Data Center sales. Still, Nvidia shares were down roughly -4% in this morning’s trading session with some profit taking on the table and perhaps even loftier expectations after NVDA hit 52-week highs of $505 […]
Vista Outdoor Receives Business Combination Proposal From Colt

Vista Outdoor Receives Business Combination Proposal From Colt

Image Source: Unsplash Colt’s combination proposal values Vista Outdoor at $30 a share. It also includes a post-closing buyback programme of $900 million. Vista Outdoor stock is currently down over 20% versus its YTD high. Vista Outdoor Inc (VSTO) is trending up in extended hours after Colt CZ Group SE proposed a business combination that would […]
These Are The World’s Largest Semiconductor Foundry Companies By Revenue

These Are The World’s Largest Semiconductor Foundry Companies By Revenue

Image Source: UnsplashThey’re in our phones, cars, planes, and even fridges.Semiconductor chips have become critical for the modern way of life, and the biggest semiconductor foundry companies rake in billions of dollars from widespread demand.Visual Capitalist’s Marcus Lu and Pallavi Rao show in the following chart, the largest semiconductor foundry companies by their percentage of global revenues […]
Asia Morning Bites For Thursday, November 23

Asia Morning Bites For Thursday, November 23

Image Source: PixabayGlobal macro and markets Global markets: It was another quiet day in markets ahead of what will be an even quieter one today thanks to the US Thanksgiving holidays. This may well stretch to the weekend as Turkey-stuffed US traders may extend their time off to Friday too. Treasury yields rose slightly on Wednesday. The […]
EUR/USD Clings To Mild Losses Below 1.0900 Ahead Of The Eurozone PMI Data

EUR/USD Clings To Mild Losses Below 1.0900 Ahead Of The Eurozone PMI Data

Image Source: Pixabay EUR/USD loses ground near 1.0888, gaining 0.01% on Thursday. ECB policymakers said the central bank is data-dependent, and economic data would decide if more tightening is appropriate. The Eurozone preliminary HCOB PMI data for November will be in the spotlight. The EUR/USD pair sticks to mild losses during the early Asian session on Thursday. Investors […]
Market Rally Takes Us Into Thanksgiving

Market Rally Takes Us Into Thanksgiving

Image Source: UnsplashNone of the main market indices spent as much as a second in the red today, buoying stronger on less data than we’ve seen in the past several weeks. The Dow ground forward another +184 points, +0.53%; the S&P 500 grew +0.41%; the Nasdaq +65 points, +0.46%; and the small-cap Russell 2000 gained +0.69%.Off […]
SPX Roadmap, Fed Reaction Function, Asian FX Trends, & Mag7 Peak

SPX Roadmap, Fed Reaction Function, Asian FX Trends, & Mag7 Peak

Image Source: PexelsIn this short clip, Samantha LaDuc discusses various financial market dynamics, focusing on the impact of FOMC meetings, market predictions, and currency trends. She delves into the implications of these factors on stocks, bonds, and commodities, highlighting key market indicators such as the VIX, dollar trends, and inflation expectations. The analysis also covers the […]