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The Canadian Cannabis Report – Monday, March 25

The Canadian Cannabis Report – Monday, March 25

For the trading week that ended March 22, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) increased 36.5% compared to the prior week when it when was unchanged. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider […]
Asia Morning Bites For Wednesday, March 27

Asia Morning Bites For Wednesday, March 27

Global Macro and Markets Global Markets: A decent 5Y auction ahead of Friday’s PCE release left 2Y and 10Y yields little changed from the previous day. EURUSD is slightly lower, though it was trending higher before declining in late trading. Most of the G-10 currencies were also little changed to fractionally stronger against the USD. The […]
$5 Billion Sell Imbalance Sinks Stocks On March 26, 2024

$5 Billion Sell Imbalance Sinks Stocks On March 26, 2024

Image Source: PexelsStocks fell sharply in the final hour of trading when a nearly $5 billion sell imbalance was posted at 3:50 PM ET. These orders for the closing cross can start being posted at 2 PM ET and build throughout the afternoon, so it is not surprising that the market started selling off ahead of the release […]
This Slingshot Reversal Could Be Our Biggest Win Of The Week

This Slingshot Reversal Could Be Our Biggest Win Of The Week

Image Source: UnsplashCharts look great tonight, wow!We’re in the perfect location for a Bear Trap right now, but if we’re lucky… we’ll get this Slingshot Reversal instead!Emini and Nasdaq just pulled-back into the Bear Trap zone we spoke about last night…But one NEW CLUE on the charts tells me this Slingshot Reversal might be where the […]
Financial Markets Report For Tuesday, March 26

Financial Markets Report For Tuesday, March 26

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, March 26.Video Length: 00:09:24More By This Author:SPDR ETF Report For Friday, March 22Financial Markets Report For Friday, March 22Metals Report For Friday, March 22
Asia Open: Context Is Everything & Xi’s Personal Touch

Asia Open: Context Is Everything & Xi’s Personal Touch

Image Source: PexelsMARKETSOn Tuesday, U.S. stocks faced challenges as market participants grappled with reigniting the previous rally. Despite modest gains earlier in the session, major indexes such as the Dow and S&P 500 ended the day with their third consecutive decline. Investors remained cautious as they awaited economic data in a holiday-shortened week, seeking clues about […]
Current Analysis: Gerdau SA

Current Analysis: Gerdau SA

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: UnsplashGerdau SA (GGB) produces steel and steel products. The company operates in civil construction, agriculture, automotive, iron ore, exports, research and development, and home steel products sectors.It offers products such as nails, rebar, […]
A Deleveraging Process May Be Starting In The Market

A Deleveraging Process May Be Starting In The Market

Image Source: UnsplashStocks fell sharply in the final 10 minutes of trade when a massive sell imbalance was released.Video Length: 00:10:21More By This Author:Stocks Drop As Credit Spreads Start To Widen On March 25Stocks May Be In For A Wild Week Of Trading Starting On March 25, 2024Stocks May Struggle As The Liquidity Train Comes To […]
NZD/USD Remains On The Defensive Near 0.6000, Traders Await RBNZ’s Orr Speech

NZD/USD Remains On The Defensive Near 0.6000, Traders Await RBNZ’s Orr Speech

Photo by Thomas Coker on Unsplash NZD/USD trades on a softer note near 0.6000 after retracing from a weekly top of nearly 0.6030 on Wednesday.  The rate-cutting expectation and dovish comments from Fed officials exert some pressure on the US Dollar.  The technical recession in New Zealand’s economy in Q4 2024 will leave ample space for RBNZ to […]
Commodity Outlook: Metals & Cryptocurrencies

Commodity Outlook: Metals & Cryptocurrencies

Image Source: PixabayUpdated Analysis of Commodity Markets and Elliott Wave: In the realms of commodities, the US Dollar and 10-Year Treasury yields are anticipated to experience a slight increase, while bonds are projected to decline, finalizing Wave C of (B). For Gold and Silver, a downward correction is expected from their current peaks as part of […]