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Chart Of The Day: Stellantis – Back In The Driver’s Seat

Chart Of The Day: Stellantis – Back In The Driver’s Seat

Image Source: Pixabay  The Chart of the Day belongs to the international auto manufacturer Stellantis (STLA). 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 […]
Elliott Wave Technical Analysis: Texas Instruments Inc. – Monday, March 18

Elliott Wave Technical Analysis: Texas Instruments Inc. – Monday, March 18

Image Source: Unsplash  TXN Elliott Wave Analysis Trading Lounge Daily Chart, 18 March 2024Texas Instruments Inc.,  (TXN) Daily ChartTXN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 3.  DIRECTION: Upside into wave 3.  DETAILS: We are witnessing a three wave move from the 200$ ATH which seems to be corrective in nature as well as […]
Three Key Points To Trade In This Week’s FOMC Meeting

Three Key Points To Trade In This Week’s FOMC Meeting

As the Fed prepares for its upcoming policy-setting meeting, all eyes are on the central bank’s stance regarding interest rates amidst recent signs of rising inflation. With expectations of maintaining rates unchanged, investors eagerly await updates to the Fed’s forward projections, particularly the dot plot, which outlines individual committee members’ rate forecasts.  How tight is […]
Cannabis LPs Jumped 10% On Freaky Friday; Trading Volume Jumped 20%

Cannabis LPs Jumped 10% On Freaky Friday; Trading Volume Jumped 20%

Image Source: Unsplash IntroductionAs I discussed in my previous article last Friday was “Triple Witching Day” – or “Freaky Friday” (see here) – on Wall Street with stock options*, market index options and market index futures all expiring on the same day. This usually generates higher trading volumes since contracts allowed to expire cause traders to close, roll […]
Google And Apple Surge On Ai News; Nvidia Eyes Growth With New Chip Unveilings

Google And Apple Surge On Ai News; Nvidia Eyes Growth With New Chip Unveilings

Google and Apple stocks rise on a potential AI deal, while Nvidia gains ahead of anticipated chip reveals at its developer conference.oogle (GOOG), Apple (AAPL), and Nvidia (NVDA) saw notable stock price movements following news related to artificial intelligence (AI) developments today. The market reacted very positively to reports of a potential AI partnership between Google and […]
Liquidity Crunch Spreads As Investors Try To Exit

Liquidity Crunch Spreads As Investors Try To Exit

Image source: Pixabay  Saturday’s Report on Business included an insightful investigative report on private debt funds that became all-the-rage during the 2009-2022 low-rate era. See The risks of Bay Street’s hottest funds: Investors often fly blind, and billions of dollars are now trapped: The 2008-09 global financial crisis was a major catalyst for the sector’s growth. Before […]
Sticky Inflation And The Neutral Rate

Sticky Inflation And The Neutral Rate

I just filled up my gas tank and it was over $5/gallon. This is just another example of sticky inflation: Inflation may not be going up as fast as it was a couple of years ago but prices are still quite high relative to where they were prior to the pandemic. And that’s good reason […]
Brent Oil Nears $86 Amid Global Shifts 
                    
 
 

Brent Oil Nears $86 Amid Global Shifts    

In the ever-evolving landscape of the Brent oil market, recent developments have painted a picture of increasing complexity and intrigue. As we delve into the intricacies of market dynamics, the convergence of geopolitical tensions, economic indicators, and strategic maneuvers by key players offer a rich tapestry for analysis. This article aims to dissect these multifaceted layers, […]
Ethereum Slows Down For A Correction Within Bullish Trend

Ethereum Slows Down For A Correction Within Bullish Trend

Image Source: Pixabay  Ethereum with ticker ETHUSD is coming nicely higher as expected and it’s now even extending the rally on the news that Blackrock Ethereum ETF plan is confirmed in the Nasdaq filing. By current extension above base channel resistance line on the daily chart, seems like it’s trading within higher degree wave C or […]
Costco Wholesale Grand Super Cycle Upside Target

Costco Wholesale Grand Super Cycle Upside Target

Costco Wholesale Corporation (COST) went public on December 5, 1985 at $10.00 per share (before stock splits). It’s considered as one of the good performing stocks with only 9 negative years out of 37.PixabayLast month, we discussed in our previous article the continuation to the upside within daily cycle as the stock is looking to remain supported within […]