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Trading Crude Oil Prices Surge Above $81

Trading Crude Oil Prices Surge Above $81

Image Source: Unsplash Navigating Trading Crude Oil Market Dynamics and the Impact on Gulf Economies In a dynamic week for global oil markets, the crude prices have surged above $81 a barrel. Such a rise has triggered a cascade of responses across various financial landscapes. Partially, a rebound from a four-month low and US sanctions on […]
Ayr Wellness Reports Q3 Operating Loss Reduced By 67% But A Negative Outlook For Q4

Ayr Wellness Reports Q3 Operating Loss Reduced By 67% But A Negative Outlook For Q4

Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF), a vertically integrated U.S. multi-state cannabis operator (MSO) constituent in the rebalanced munKNEE American Cannabis MSO Index, reported its Q3 financial report for the period ended September 30, 2023, last Thursday and the results are presented below in U.S. dollars with Q3 being compared to Q2.  Q3 Financial Summary ($ in millions, excl. margin […]
Is The European ETF Industry Dominated By Only A Few Funds?

Is The European ETF Industry Dominated By Only A Few Funds?

Image Source: Pixabay Observing the monthly flows into the European ETF industry, one might get the impression that the majority of the money is flowing to a limited number of ETF promoters and on the next level only to a limited number of ETFs. As a result, only a limited number of ETFs should show significant […]
Happy Anniversary

Happy Anniversary

It’s been the worst of times and the best of times for the Nasdaq 100, which marked the two-year anniversary of its record high from 11/19/21 over the weekend. After falling over 35% from the record high through the October 2022 low, the Nasdaq 100 has since rallied over 50%, leaving it down just over […]
Chart Of The Day: Analysts Think Intel Is Overvalued

Chart Of The Day: Analysts Think Intel Is Overvalued

Image Source: Pexels   100% technical buy signals 13 new highs and up 21.49% in the last month 60.40+ Weighted Alpha There is a big difference of opinion between the individual investors and professional analysts so I’d advise putting a stop loss on Intel. The Chart of the Day belongs to the semi conductor company Intel (INTC). I found […]
KuCoin Is Back To Bullish Trend

KuCoin Is Back To Bullish Trend

Image Source: Pexels KuCoin with ticker KCSUSD is recovering in strong and impulsive fashion as expected. With broken channel resistance line on the weekly chart, seems like a higher degree A-B-C correction within wave IV can be completed and wave V underway. Looking at the daily chart, we still see it unfolding a five-wave impulse within […]
Why Has Residential Building Construction Remained So Strong?

Why Has Residential Building Construction Remained So Strong?

As an initial note, there is no economic news today, and for obvious reasons there won’t be on Thursday or Friday either, so don’t be surprised if I take a couple of days off as well.In the meantime, I’ve been continuing to ponder why housing under construction remains close to its all-time, 50+ year record […]
After November’s Rally, SPX Is Only 2% Below Its 2023 Intraday High

After November’s Rally, SPX Is Only 2% Below Its 2023 Intraday High

Image Source: Unsplash  SPX is well-positioned to continue its November rally and reclaim its 2023 heights amid improving macro circumstances.The S&P 500 has rallied nearly 10% in November as improving macroeconomic conditions significantly boosted the market sentiment. At its current level, the index is about 2% short of its 2023 intraday high, and about 6.7% apart from its […]
Bear Of The Day: Dollar General (DG)

Bear Of The Day: Dollar General (DG)

Dollar General (DG) , a current Zacks Rank #5 (Strong Sell), is a discount retailer in the United States offering a wide selection of merchandise, consumable items, seasonal items, home products, and apparel.Analysts have taken a bearish stance on the company’s earnings outlook, with expectations decreasing across all timeframes over the last several months.Image Source: […]
The Three Musketeers Have Fallen – What Will The Bears Say Now?

The Three Musketeers Have Fallen – What Will The Bears Say Now?

This is going to be a quick update as I am catching a flight home. Throughout the Q3 pullback, I often discussed the three keys for a durable bottom. They were crude oil, rates, and the dollar. I continually received pushback that there was no way rates and crude could go lower although people always […]