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Biden-Trump: Some Economic Comparisons

Biden-Trump: Some Economic Comparisons

Image Source: UnsplashGDP, employment, manufacturing, debt, unemployment, etc.Figure 1: GDP in bn.2017$ under Biden relative to first quarter of administration (blue), GDPNow for 3/7 (sky blue square), under Trump (orange). Source: BEA, Atlanta Fed, and author’s calculations.Figure 2: Nonfarm payroll employment under Biden relative to first quarter of administration (blue), under Trump (orange). Source: BLS, and author’s calculations.Figure […]
Nasdaq 100 ETF Further Upside Expected

Nasdaq 100 ETF Further Upside Expected

Image Source: PixabayShort Term Elliott Wave View in Nasdaq 100 ETF (QQQ) suggests that the rally from 2.22.2024 low is in progress as a 5 waves impulse. Up from 2.22.2024 low, wave ((i)) ended at 435.18 and dips in wave ((ii)) ended at 425.29. The ETF extended higher in wave ((iii)) towards 440.59 with internal subdivision as […]
Stocks Rise On March 7, 2024 As The AI Machine Goes Manic

Stocks Rise On March 7, 2024 As The AI Machine Goes Manic

It was a bizarre day across the board, from market price action to some strange Q&A with Powell in the Senate to Broadcom’s bizarre after-hours price action. There are just some days where you can say, Yeah, nothing made sense. It seems that Thursday was that day. Looking forward to Friday for sure with the […]
A Wrap For Powell, But Big Late Trading Day

A Wrap For Powell, But Big Late Trading Day

Image Source: UnsplashFollowing a couple days of selling off ahead of critical economic data this week has paid off for those paying attention: for the second session in a row, we’ve gone up on relatively favorable monthly prints. We’re still not at last week’s highs, save for the small-cap Russell 2000, but of the four major […]
Elliott Wave Technical Analysis: UNIUSD – Friday, March 8

Elliott Wave Technical Analysis: UNIUSD – Friday, March 8

Image Source: UpsplashElliott Wave Analysis TradingLounge Daily Chart, 8 March 24,Uniswap/ U.S. dollar(UNIUSD)UNIUSD Elliott Wave Technical AnalysisFunction: Follow trendMode: MotiveStructure: ImpulsePosition: Wave ((3))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid Level: 4.50Details: Wave 3 may be complete watch out for the CorrectiveUniswap/ U.S. dollar(UNIUSD)Trading Strategy:Uniswap is still in its Wave 3 rally, with two […]
Metals Report For Thursday, March 7

Metals Report For Thursday, March 7

Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:08:48More By This Author: Financial Markets Report For Thursday, March 7Metals Report For Wednesday, March 6SPDR ETF Report For Wednesday, March 6
This Perfect Pullback Could Double Our Profits

This Perfect Pullback Could Double Our Profits

Image Source: UnsplashOne day left – let’s finish strong!We made another big run higher today, and this *perfect pullback* could easily DOUBLE our profits on Friday!Everyone’s waiting for a pullback right now, but tomorrow’s Non-Farm Payrolls might not make our job easy…But don’t worry, this *perfect pullback* might be all we need to finish the week […]
Current Analysis: Telenor

Current Analysis: Telenor

Image Source: PixabayTelenor (TELNY) is an international provider of telecom, data, and media communication services. It is the incumbent dominant telecom operator in Norway and the Norwegian government holds a stake of more than 50% in the firm.Telenor also operates in other Nordic countries and owns several businesses in Asia. Most of Telenor’s operations are mobile […]
Silver Forex Signal: Finding Buyers

Silver Forex Signal: Finding Buyers

Image Source: PixabayPotential signal: If silver can stay above $24.50 for more than an hour – I am buying with a stop at the $23.80 level, and aiming for $25.57 above. During Thursday’s trading session, the silver markets first declined, but they later recovered and began to show signs of life as buyers continued to hunt […]
What’s Next For Gold?

What’s Next For Gold?

Image Source: PixabayAll eyes on the FedThe key driver for the outlook of gold prices for the past year has been the Federal Reserve policy. Our US economist expects the first cut in June while swaps markets show a 65% chance of a cut in June compared with 58% at the end of February.Gold rose to […]