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Good News And Bad News Thursday: The Good News Is Jobless Claims

Good News And Bad News Thursday: The Good News Is Jobless Claims

This morning brought us both good and bad economic news.The good news was that initial jobless claims continue very low, at 209,000, up 17,000 from last week, while the four week average declined -750 to 208,000. Even better, after major downward revisions, continuing claims rose 17,000 to 1.811 million:Recall that continuing claims had been reported […]
Oil Elliott Wave: Buying The Dips At The Blue Box

Oil Elliott Wave: Buying The Dips At The Blue Box

Hello fellow traders. As our members know , Oil has recently given us good buying opportunity . In this technical article we’re going to look at the Elliott Wave charts of  Oil published in members area of the website. The commodity shows bullish sequences in the cycle from the 67.75 low. Consequently we have been favoring the long […]
Trend Change At Hand

Trend Change At Hand

S&P 500 overpowered the tech weakness for most of the session, and the worries over 30y Treasury auction were overcome as is often the case, dividing the session into two distinct parts. The drop towards the power hour was purely technical, and the current difficult environment though still provided a positive close to the move this […]
Ethereum Consolidates Around $4k After Upgrade

Ethereum Consolidates Around $4k After Upgrade

Ethereum is now oscillating around the psychologically-important $4,000 mark.This pause follows its stunning 73% rise so far this year, having already reached its highest levels since December 2022.However, for proper context, Ethereum remains some 18.5% below its ATH (all-time high) of $4,866.40 posted on 10th November 2021.This pause comes as the Ethereum network – the world’s most commercially successful blockchain – completed […]
Solana Rose To $174.61 While Cardano Rises To A New High

Solana Rose To $174.61 While Cardano Rises To A New High

Solana chart analysisThe price of Solana rose to the $174.61 level, forming a new weekly high there. The prices of the week are in a strong bullish trend supported by the EMA50 and 200 moving averages. Yesterday, the price received the required support at $150.00, after which we continued above the $160.00 level. In the previous hour, […]
Dick’s Sporting Goods Q4 Earnings: ‘Our Growth Opportunities Are Significant’

Dick’s Sporting Goods Q4 Earnings: ‘Our Growth Opportunities Are Significant’

Dick’s Sporting Goods Inc (DKS) is trading up in premarket on Thursday after reporting solid financial results for its fourth quarter. Dick’s stock up on encouraging guidanceThe stock is in the green also because $DKS issued upbeat guidance for the future. The sports goods retailer now forecasts its adjusted per-share earnings to fall between $12.85 and $13.25 on […]
A Time-Tested Strategy: Laddered Treasury Solutions

A Time-Tested Strategy: Laddered Treasury Solutions

The new rate regime has presented investors with a fixed income backdrop that hasn’t been witnessed in more than a decade and a half. Against this backdrop, bond portfolio decision-making has been presented with a new, or shall we say “old,” opportunity for positioning.PexelsWith income back in fixed income and uncertainty surrounding the macro outlook, investors can […]
Strong US Retail Sales May Help Extend The Dollar’s Recovery

Strong US Retail Sales May Help Extend The Dollar’s Recovery

Image source: Pixabay  Overview: We have put emphasis on today’s US retail sales report. A recovery from the weather-induced weakness in January should underscore the resilience of US demand after another 200k jobs were created and personal income jumped 1%. While the dollar has traded firmer in the first half of this week, given the 25 bp […]
Crude Oil Commentary – Thursday, March 14

Crude Oil Commentary – Thursday, March 14

First Inventories Draw in 7 WeeksCrude prices are starting to build some bullish momentum here. After early weakness on Monday, crude futures have now recovered around 5% off the week’s lows and are fast approaching a fresh test of the YTD highs. Futures pushed firmly higher yesterday in response to the latest data from the […]
Markets Still Expect Rate Cut In June, But Doubt Is Creeping Higher

Markets Still Expect Rate Cut In June, But Doubt Is Creeping Higher

The mixed news on inflation earlier this week didn’t help, but neither did sticky inflation news derail expectations that the Federal Reserve will start cutting interest rates in June.Pixabay Yet uncertainty about the timing is creeping higher, as a confluence of factors muddy the outlook. Let’s start with Fed funds futures, which are currently pricing in a roughly 67% […]