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Market Technicals Heading Into Big Tech Earnings

Market Technicals Heading Into Big Tech Earnings

The market weight S&P 500 closed just below its 200 DMA Monday as we head into the heart of 3Q23 earnings season with Google (GOOG/GOOGL), Microsoft (MSFT), Facebook (META) and Amazon (AMZN) all reporting earnings this week. As Karen Langley pointed out in Monday’s WSJ (“High Tech Earnings To Test The Market” [SUBSCRIPTION REQUIRED], B1), the […]
Stocks Rebound Ahead Of Busy Week But Can Recovery Hold?

Stocks Rebound Ahead Of Busy Week But Can Recovery Hold?

Image Source: Unsplash Sentiment was a little more cheerful in the first half of Tuesday’s session, following Monday’s recovery in stock and bond markets, and the return of the selling in precious metals and oil markets. European indices and US futures were trading higher as yields dipped further lower after the US 10-year could not hold […]
Stock Prices And Bond Yields During Disinflationary, Deflationary, And Reflationary Periods

Stock Prices And Bond Yields During Disinflationary, Deflationary, And Reflationary Periods

This is an update of a post I wrote almost exactly 10 years ago. I’m doing this because of an important secular change I noticed that appears to have happened in the financial markets.Back when I first started delving into financial markets and economy 30 years ago, I noticed that, dating all the way back […]
Bitcoin And Ethereum: Bitcoin Made A Break Above $35000

Bitcoin And Ethereum: Bitcoin Made A Break Above $35000

Bitcoin chart analysisThe price of Bitcoin jumped this morning to the $35198 level, forming its six-month high there. At that level, we encounter resistance and begin a pullback below the $35,000 level. Bearish consolidation is now dragging the price below $34,000, and we are now at the $33,800 level. Based on the current picture, we […]
EUR/USD Technical Analysis: Anticipation Of The Purchasing Managers’ Index Readings

EUR/USD Technical Analysis: Anticipation Of The Purchasing Managers’ Index Readings

The EUR/USD pair may be exposed to selling operations and thus return to the vicinity and below the psychological support level of 1.0500 again. It is expected that the EUR/USD exchange rate will attempt to break out of the technical downtrend this week, but preliminary Eurozone PMI data, the European Central Bank meeting, and the US GDP release […]
Day Chart Elliott Wave Technical Analysis: USD/CAD – Tuesday, October 24

Day Chart Elliott Wave Technical Analysis: USD/CAD – Tuesday, October 24

USD/CAD Elliott Wave Analysis Trading Lounge Day  Chart, 24 October 23U.S.Dollar /Canadian Dollar(USD/CAD) Day ChartUSD/CAD Elliott Wave Technical AnalysisFunction:   Counter TrendMode: impulsive as C of flatStructure: FlatPosition: black wave 2Direction Next Higher Degrees:Black wave 3  Details:  blue wave C of Flat pattern in wave 2 in play . Wave Cancel invalid level : 1.30910The USD/CAD […]
Gold Price Challenging Uptrend Line, Eying US Data

Gold Price Challenging Uptrend Line, Eying US Data

The bias remains bullish despite the current retreat. The US manufacturing and services data should be decisive. Taking out the immediate obstacles activates further drop. FreepikThe price of gold faced a loss in the last hours. The precious metal is trading at $1,967 at the time of writing. The bias remains bullish despite the current […]
The Situation In The Middle East Has A Negative Impact On Market Sentiment

The Situation In The Middle East Has A Negative Impact On Market Sentiment

Photo by Adam Śmigielski on UnsplashAmerican stock indices traded yesterday without any unified dynamics. At Monday’s close, the Dow Jones Index (US30) decreased by 0.58%, while the S&P 500 Index (US500) was down by 0.17%. The NASDAQ Technology Index (US100) closed positive by 0.27%. The decline in T bond yields on Monday was bearish for the US dollar and bullish […]
All About Our 14 Quantum Computing Hardware Developers: Their Progress And News

All About Our 14 Quantum Computing Hardware Developers: Their Progress And News

 What Is Quantum Computing?Quantum computing (QC), unlike classical computing where data is known as a bit which can be either 0 or a 1 thus giving it binary qualities, uses qubits instead of bits and they exist in any proportion of both states at the same time (superposition) and can be entangled or invisibly connected […]
Coca-Cola Gain On Q3 Earnings & Revenue Beat

Coca-Cola Gain On Q3 Earnings & Revenue Beat

Image Source: Pexels The Coca-Cola Company (KO – Free Report) has reported third-quarter 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Earnings and sales also improved year over year. The company’s results have benefited from its continued business momentum. KO has raised its view for 2023.Comparable earnings of 74 cents per share grew 7% […]