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Elliott Wave Technical Analysis: JP Morgan Chase & Co, Friday, October 27

Elliott Wave Technical Analysis: JP Morgan Chase & Co, Friday, October 27

JP Morgan Chase & Co., Elliott Wave Technical AnalysisJP Morgan Chase & Co., (NYSE): 4H Chart 27 October 23JPM Stock Market Analysis: We have been looking for further downside into wave 2 as we nearly hit 0.618 {c} vs. {a}. At this point we are looking for equality of {c} vs. {a} at 136$ to then […]
Chart Of The Day: Constellation Energy – Renewable Energy

Chart Of The Day: Constellation Energy – Renewable Energy

The Chart of the Day belongs to the renewable energy company Constellation Energy (CEG) . 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 […]
Gold Should Heed Miners’ Warning

Gold Should Heed Miners’ Warning

While geopolitical conflict has kept gold afloat, mining stocks’ weakness signals trouble ahead. While risk assets attempt to break free of their bearish corrections, gold’s relative outperformance has the yellow metal shining bright. Despite that, we’ve booked 11-straight profitable trades, and our 12th (currently open) remains in the green. As a result, our success highlights why mining stocks […]
US Stock Futures Rise After Two Days Of Decline

US Stock Futures Rise After Two Days Of Decline

US Stock Futures: Dow futures up 0.3% S&P 500 futures gain 0.5% Nasdaq 100 futures climb 0.8%  Earnings Reports: Amazon jumps 5% after beating estimates Ford drops 4% on earnings miss and softer guidance due to UAW strike  Thursday’s Market Performance: Dow falls 0.76% S&P 500 drops 1.18% Nasdaq Composite tumbles 1.76% Nasdaq slides further […]
Eurozone Commentary- Friday, October 27

Eurozone Commentary- Friday, October 27

ECB Pauses… For NowOn the back of ten consecutive rate hikes, the ECB yesterday paused its tightening program, citing the recent drop in inflation as well as underlying weakness in the eurozone economy. The meeting was a relatively muted event, though was perhaps more on the dovish side than some were expecting.  Lagarde warned that […]
Day Chart Elliott Wave Technical Analysis: NZDUSD Friday, October 27

Day Chart Elliott Wave Technical Analysis: NZDUSD Friday, October 27

NZDUSD Elliott Wave Analysis Trading Lounge Day  Chart, 27 October 23New Zealand Dollar/U.S.Dollar (NZDUSD) Day ChartNZDUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsive  Structure: sub waves of new trendPosition: red wave 3Direction Next higher Degrees:new trend may started  Details: Blue wave 5 of C looking completed at fib level 0.5 ,now looking for new uptrend . Wave Cancel […]
The Relationship Between Gold And Real Rates Is Broken

The Relationship Between Gold And Real Rates Is Broken

Image Source: PixabayIf ever there was a chart to illustrate the radical change that has shaken the markets over the past two years, it’s the 10-year UK government bond (Gilts):The UK bonds crash is unprecedented.The yield on the 30-year Gilt rose sharply to over 5%, its highest level since 1998:At the same time, the Japanese 10-year is […]
SPDR ETF Report For Thursday, October 26

SPDR ETF Report For Thursday, October 26

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Thursday, October 26.Video Length: 00:15:12More By This Author:Financial Markets Report For Thursday, October 26 Metals Report For Thursday, October 26SPDR ETF Report For Wednesday, October 25
FX Daily: Stark Growth Gap Makes The Dollar Even Harder To Sell

FX Daily: Stark Growth Gap Makes The Dollar Even Harder To Sell

Image Source: UnsplashAs we had suspected, the ECB meeting proved to be a non-event, and EUR/USD is now left with an ever-unfavourable rate differential. In addition, with US GDP coming in strong, the growth divergence continues to widen, making the dollar even harder to sell in the current environment. Elsewhere, Riksbank reported FX sales should decline […]
Why An Investor Should Use A Simulator For Derivatives Trading

Why An Investor Should Use A Simulator For Derivatives Trading

Image Source: PexelsIn the complex world of financial markets, trading derivatives can be a double-edged sword. While they offer the potential for substantial profits, they also come with a considerable degree of risk. For investors, both seasoned and novice, gaining experience in trading derivatives without risking their hard-earned capital is invaluable. This is where trading simulators […]