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Uranium – Only For The Bears?

Uranium – Only For The Bears?

Invalidation of the breakout, daily closure under the trend channel, and 2 gaps.Can bulls survive in these conditions?Let’s start today’s analysis with the long-term chart. What happened? More importantly, what didn’t happen and what are the consequences? Looking at the monthly chart, we see that although the bulls managed to push uranium above the two previous […]
Chart Of The Day: Things Go Better With COKE

Chart Of The Day: Things Go Better With COKE

Image Source: Pixabay The Chart of the Day belongs to the independent Coca-Cola bottler and distributor Coca-Cola Consolidated (COKE). 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 […]
Sensex Today Ends 536 Points Lower

Sensex Today Ends 536 Points Lower

Image Source: Unsplash  After opening the day lower, Indian share markets continued the downtrend as the session progressed and ended the day lower.Indian benchmark indices fell for the second straight session dragged by IT and financial stocks tracking a downfall in the global markets.At the closing bell, the BSE Sensex stood down by 535 points (down 0.8%).Meanwhile, the NSE Nifty closed […]
Crypto Market Slows Down For A Higher Degree Correction

Crypto Market Slows Down For A Higher Degree Correction

The crypto market turned sharply down after Matrixport’s latest report claims that the SEC will reject all Bitcoin spot ETFs in January, and final approval may be achieved in Q2. Well, after we spotted the wedge pattern within wave »v« of 3, seems like a higher degree a-b-c corrective slowdown can be now in play […]
Trading Oil Amidst China’s Price Surge

Trading Oil Amidst China’s Price Surge

Image Source: Unsplash  In the dynamic world of global oil markets, recent developments in China are significantly influencing the industry. This article explores the impact of China’s decision to raise gasoline and diesel retail prices on oil trading.  Fueling the Flames: China’s Price Adjustment StrategyAs a major player in the international oil market, China is initiating […]
3 Healthcare Mutual Funds For Remarkable Returns

3 Healthcare Mutual Funds For Remarkable Returns

Image source: Pexels  Investors often rely on the healthcare sector to safeguard their investments. This is because healthcare services do not see their demand varying too much with respect to market conditions and thus offer sufficient protection to the capital invested. Many pharmaceutical companies also offer regular dividends. Companies that consistently pay out dividends are financially […]
SPY Reversed – What Now

SPY Reversed – What Now

S&P 500 couldn‘t make it above 4,825, and tanked – the two intraday rips failed at Dec 29 intraday lows of 4,797 – but swing trading profits were in for the clients already then for a total of +222 pts delivered during Dec, which brings the portfolio equity curve again nicely up (check all the explanations in the tweet […]
Turkish Inflation Rises In December

Turkish Inflation Rises In December

Image source: Pixabay  Turkey’s annual inflation rose as expected in December, ending 2023 at 65.7%. It’s likely to remain elevated in the near term due to wage adjustments – particularly to the minimum wage – as well as slower normalisation in domestic demand and hikes in administrative pricesTurkey’s monthly inflation came in slightly below of consensus at 2.93% month-on-month, with […]
EUR/USD: Will The Dollar Resume Lower With Key Data On Tap?

EUR/USD: Will The Dollar Resume Lower With Key Data On Tap?

Image Source: Pixabay  The EURUSD’s sluggish start to the year continued in the first half of Wednesday’s session, with investors showing preference to the US dollar ahead of key data releases from the world’s largest economy. The EURUSD has also been hurt by a poor start to the year for equities, with major indices extending their […]
Why There Could Be More Bank Failures In The U.S. In 2024

Why There Could Be More Bank Failures In The U.S. In 2024

Image Source: Pixabay  In 2023, there were a few regional bank failures in the U.S. This took investors by surprise, which led them to flee bank stocks in a panic.Here’s something worrisome: more bank failures could follow in 2024. It’s hard to see the worst as being behind us.At the moment, no one seems to be […]